CLF Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $11.32
Market Cap (MRQ) $6.46B
P/E (TTM) -7.1
EPS (TTM) $-1.60
Revenue (TTM) $19.20B
ROE (TTM) -15.6%
Debt/Equity (MRQ) 1.4
52W Range $8–$17

CLF Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 5
Ex-date Split Type
May 16, 2008 2-for-1 Forward
July 3, 2006 2-for-1 Forward
Jan. 3, 2005 2-for-1 Forward
Sept. 18, 1978 2-for-1 Forward
Dec. 16, 1975 2-for-1 Forward

About Cleveland-Cliffs Inc. Common Stock Company overview from Wikipedia

05 · wikidata

Cleveland-Cliffs Inc. (CCI, formerly Cliffs Natural Resources) is an American steel manufacturer based in Cleveland, Ohio. It specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company is ranked 23rd on the list of steel producers and is the second-largest steel producer in the United States after Nucor. It is the largest flat-rolled steel producer in North America. The company is ranked 221st on the Fortune 500 and 1511th on the Forbes Global 2000.

Operations

The company operates four divisions: Steelmaking, Tubular, Tooling and Stamping, and European Operations.

It operates eight blast furnaces and five EAFs and finishing facilities in Kentucky, Indiana, Illinois, Ohio, Michigan, Pennsylvania, West Virginia, North Carolina, and Ontario. It has an annual production capacity of approximately 23 million net tons of raw steel.

Cleveland-Cliffs manages and operates four iron ore mines in Minnesota and two mines in Michigan, one of which, the Empire Mine, has been indefinitely idled. These mines produce various grades of iron ore pellets, including standard and fluxed, for use in blast furnaces as part of the steelmaking process as well as direct reduced (DR) grade pellets for use in direct reduced iron (DRI) applications. Since the mines are located near the Great Lakes, the majority of the pellets are transported by rail to loading ports for shipments via vessel to steelmakers in North America.

The company operates a hot-briquetted iron (HBI) facility in Toledo, Ohio. HBI is a form of DRI that can be used as an alternative to scrap iron. When used as a feedstock, HBI can enable an electric arc furnace to produce more valuable grades of steel.

It also operates three coke-making facilities in Burns Harbor, Indiana, Monessen, Pennsylvania, and Warren, Ohio, with an annual capacity of 2.6 million tons, as well as a coal mine in Princeton, West Virginia.

Steelmaking

Cleveland‑Cliffs Inc. operates one of the most extensive integrated steelmaking networks in North America, encompassing basic‑oxygen‑furnace (BOF) and electric‑arc‑furnace (EAF) facilities, continuous casters, and finishing lines distributed across the Great Lakes region. The company's major steelworks include plants at Burns Harbor, Cleveland, Middletown, Dearborn, and East Chicago, along with downstream finishing and coating operations supplying the automotive, construction, and energy sectors.

The 160‑inch (4.06 m) plate mill at the company's Burns Harbor Works in Porter County, Indiana, is among the most significant assets in its portfolio. Industry sources describe it as the largest wide‑plate rolling mill currently operating in the world. The Burns Harbor mill was originally designed and constructed by Bethlehem Steel in the late 1960s under the direction of construction superintendent Robert (“Bob”) Romeril Sr., whose team oversaw its commissioning before full production began in 1967.

Through subsequent mergers—Bethlehem Steel → ISG → ArcelorMittal → Cleveland‑Cliffs—the plant has remained a cornerstone of U.S. heavy‑plate production. Its products are used in shipbuilding, armor, energy infrastructure, and bridge fabrication, continuing to represent large‑scale American steel engineering.

Cleveland‑Cliffs also operates the United States’ only producer‑owned stamp‑charged coking facility, located in Ohio, and maintains integrated pelletizing, direct‑reduced‑iron (DRI), and hot‑briquetted‑iron (HBI) capabilities at its Toledo HBI Plant, which began production in 2020 with a design capacity of 1.9 million metric tons per year.The company also has an aggregate raw steel production capacity of approximately twenty-three million short tons (20,865,249 metric tons) per year, making it the largest flat‑rolled steel producer in North America.

History

19th century

The firm's earliest predecessor was the Cleveland Iron Mining Company, founded in 1847 and chartered as a company by Michigan in 1850. Samuel Livingston Mather and six Ohio-based associates had learned of rich iron-ore deposits recently discovered in the highlands of the Upper Peninsula of Michigan. Soon afterwards, the first Soo Locks opened in 1855, allowing iron ore to be shipped from Lake Superior to Lake Erie.

Technological improvements, such as the Bessemer process, made it possible for mills in the North American Great Lakes region to produce steel on an industrial scale. The south shore of Lake Erie was near a supply of coal, making that region an efficient point for the construction of steel mills.

The company's request for government intervention quashed the 1865 Upper Peninsula miners' strike.

In the late 1800s, the company expanded via acquisitions to gain market share. The former Cleveland Iron Mining Co. was a survivor of this shakeout, purchasing many of its competitors. One key merger in 1890, with Jeptha Wade's Iron Cliffs Company led the combined firm to change its name to the Cleveland-Cliffs Iron Company.

The company invested substantially to improve the logistics of iron-ore transport. In 1892, the firm built the Lake Superior and Ishpeming Railroad to carry iron ore from the mines directly to company-owned docks on Lake Superior.

20th century

William G. Mather, the son of Samuel, guided Cleveland-Cliffs as president and later as chairman of the board from 1890 to 1947, participating in the transition from the hard-rock iron ore of Upper Michigan to the soft hematite of Minnesota's Mesabi Range and adjacent lodes. He consolidated mining operations into one powerful corporation while developing a diversification program when he invested in iron-ore mining and steel manufacturing.

Under Mather, Cleveland-Cliffs was a leader in the development of the classic-type lake freighter, a bulk-cargo vessel especially designed to carry Great Lakes commodities. The 618-foot-long (188 m) SS William G. Mather, launched in 1925, is a surviving example of this ship type. For almost a century, the black-hulled Cleveland-Cliffs ships were familiar sights on the upper lakes. Cleveland Cliffs pioneered the electrification of the iron mining process, employee benefits like the eight-hour day, built a company town for miners' residence, added employee pensions and safety programs.

In 1930, the company purchased 63% of Cleveland's Corrigan-McKinney Steel company, owners and operators of one of the "...finest steel plants in the country." Corrigan-McKinney was estimated to have assets of $60–65 million (US)(equivalent to $1,125,000,000 in 2025). In 1934, Cleveland Cliffs shareholders approved the purchase. By 1938, the company had recovered from the Great Depression and reported the highest sales and profits in its history.

In March 1942, both record tonnage and the earliest Great Lakes shipments of iron ore were being completed by the company. The 1941 tonnage broke the 1929 record at 80 million gross tons of iron ore. In 1946, the company recorded another technological breakthrough as it installed radar for the first time on the Great Lakes aboard its flagship, the SS William G. Mather.

In 1947, Cleveland-Cliffs Iron Company merged with its holding company, Cliffs Corporation of Cleveland to form a new corporation (with the same name) Cleveland-Cliffs Iron Company, with combined assets of $95 million (US)(equivalent to $1,369,784,000 in 2025). Shareholders of both former companies approved the transaction.

Demand for American iron ore hit peaks during World War I, World War II, and the post-World War II consumer boom. In 1933, Edward B. Greene (the son-in-law of Jeptha Homer Wade II) replaced William G. Mather as the head of the company. The Mather A Mine opened in the early 1940s and the Mather B shaft in the 1950s. In 1950, the company celebrated its 100th anniversary with the publication of a commemorative book, A Century of Iron Men, by Harlan Hatcher, vice president of Ohio State University.

As the Cold War continued, reserves of mineable hematite dwindled in northern Minnesota and Cleveland-Cliffs returned some of its focus to its traditional areas of interest around the Marquette Iron Range, where new deposits of magnetite were opened. The first pellet plant was built at Eagle Mills in 1954, followed by the first grate/kiln plant at the Humboldt Mine in 1960. The Republic Mine was converted from a shaft mine to an open pit and concentrator in 1956 and a two-kiln pellet plant was added in 1962. The Empire Mine opened in 1963 and was expanded in the mid- and late-1970s; the Pioneer Pellet Plant was opened in 1965 to pelletize the underground ore from the Mather B Mine in Negaunee, Michigan. In 1974, the Tilden Mine opened south of Ishpeming, Michigan. This mine was and is the only mine in the world with the ability to produce both hematite and magnetite pellets.

In 1970, a high-grade iron-ore mine was opened at Pannawonica in the Pilbara region of Western Australia, with a 200 km (120 mi) rail line to processing facilities at Cape Lambert for which the residential township of Wickham was built. A pellet plant was built but ceased operation before 1980, following a sharp increase in the cost of diesel fuel.

During the 1970s, Cleveland-Cliffs had large interests in uranium and shale oil fields, as well as the oil and gas drilling industries. It also had holdings in the forest products industry. These interests were sold in the 1980s when the company refocused its efforts on its core iron ore business.

After the 1973–1975 recession and the early 1980s recession, Cleveland-Cliffs shrank its operations, closing the Mather B Mine and the Pioneer Pellet Plant and associated Ore Improvement Plant in 1979. The Humboldt Pellet Plant closed in 1981 and the Republic Mine was idled in 1981 and closed for good in 1996, when Cliffs began turning the associated tailings ponds into compensatory wetlands for its other properties. Over half of the Marquette Iron Range employees were laid off and, in 1984, Cliffs withdrew from the Great Lakes shipping industry.

In November 1986, Cleveland-Cliffs announced the purchase of Pickands Mather Group, an iron ore company, from Moore-McCormack Resources. Assets included in the purchase were management and ownership stakes in Hibbing Taconite Company and Erie Mining Company in Minnesota, Wabush Mines and the Griffith Mine in Canada, and the Savage River Mine in Australia.

In 1994, the company acquired Northshore Mining in Silver Bay, Minnesota.

21st century

In early 2001, Cleveland-Cliffs managed LTV Steel, the former Jones and Laughlin Steel Company. However, J&L/LTV Steel was forced to permanently close due to the bankruptcy of Ling-Temco-Vought. Later that year, the company cut its dividend by 73% due to low prices. As another outcome of the Ling-Temco-Vought closure, the Empire iron ore mine was idled for six months. President George W. Bush enacted the 2002 United States steel tariff that greatly benefitted domestically produced steel. Benefitting from the tariff, the company embarked upon a strategy to expand globally and to diversify into other minerals, leading to the acquisitions of iron-ore properties in Brazil, Canada and Australia and coal properties in Australia and the US. In 2003, the company, in a joint venture with Laiwu Steel, purchased the assets of bankrupt Eveleth Mines and formed United Taconite LLC. In 2008, it acquired the full ownership for $100 million in cash and 1,529,619 common shares.

In June 2007, the company acquired PinnOak, its first domestic coal company, which mined coal in Alabama and West Virginia and once belonged to U.S. Steel. Due to its venture into coal, the company changed its name from Cleveland-Cliffs to Cliffs Natural Resources in October 2008. In 2008, the company agreed to acquire Alpha Natural Resources but called off the transaction in November 2008 due to the 2008 financial crisis. It paid a $70 million breakup fee.

In January 2010, the company acquired Freewest Resources Canada for C$240 million, giving it 100% ownership of the Black Thor and Black Label, and 47% ownership of the Big Daddy chromite deposits in the Ring of Fire district in the James Bay Lowlands of Ontario, Canada. In July 2010, Cliffs increased its ownership stake in Big Daddy by acquiring Spider Resources for C$125 million. In 2015, these assets were sold to rival Noront Resources, owner of a minority stake in Big Daddy, for US$20 million.

In May 2011, the company acquired Consolidated Thompson Iron Mines from Wuhan Iron and Steel Corporation for C$4.9 billion. The acquisition included Bloom Lake iron ore mine in Quebec.

In July 2013, CEO Joseph Carrabba announced that he would retire by December 31, 2013. Lead director James Kirsch was elected non-executive chairperson in his stead. Gary Halverson, formerly interim chief operating officer of Barrick Gold, was appointed president and chief operating officer in October 2013, and president and chief executive officer in February 2014. At the 2014 annual general meeting, six new directors nominated by activist hedge fund Casablanca Capital were elected, giving the fund control of the board of directors. Lourenco Goncalves was appointed chairman, president and CEO of the company. The reconstituted Board moved to shift the company's strategic objectives from global diversification to a renewed focus on strengthening its U.S. iron ore business.

In December 2015, the company sold its remaining North American coal operations. Cliffs announced plans in early 2016 to close the Empire Mine near Marquette, Michigan, terminating the jobs of approximately 400 workers. The company announced on August 15, 2017, that it was returning to its former brand name, Cleveland-Cliffs Inc. In August 2018, the company sold its Asia Pacific iron ore assets. It also sold its Australian assets.

On March 13, 2020, the company acquired AK Steel for $1.1 billion. In December 2020, the company acquired the United States operations of ArcelorMittal for approximately $1.4 billion, making it the largest producer of flat-rolled steel and iron ore pellets in North America.

In February 2022, Cleveland-Cliffs agreed to pay a $3 million settlement related to Clean Water Act violations, including a cyanide and ammonia spill in August 2019 at the Port of Indiana that killed thousands of fish and closed Lake Michigan beaches. After the settlement, Cleveland-Cliffs stated it would change its water testing and public announcement procedures.

On July 28, 2023, Cleveland-Cliffs offered to acquire U.S. Steel for $10 billion. The proposal was endorsed by the United Steelworkers, but was rejected by U.S. Steel on August 13. U.S. Steel was instead acquired by Nippon Steel for $14.9 billion.

In November 2024, Cleveland-Cliffs acquired Stelco, a Canadian steel manufacturer, for $2.5 billion in cash and stock. As part of the acquisition, Cleveland-Cliffs also inherited Stelco's minority ownership stake in two professional Canadian sports teams, the Hamilton Tiger-Cats of the Canadian Football League and Forge FC of the Canadian Premier League.

In March 2025, the company partially idled its plant in Dearborn, Michigan as automakers reduced production due to tariffs in the second Trump administration. It also laid off 1,200 workers due to the reduction in demand.

Archives

Cleveland-Cliffs has deposited many of its pre-1981 papers in the Historical Collections of the Great Lakes at Bowling Green State University as well as Central Upper Peninsula Archives at Northern Michigan University.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorMaterials industryMetals & Mining employees25,000 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$18.61B
2017-12-31 → 2025-12-31
EPS$-2.91
2017-12-31 → 2025-12-31
Free Cash Flow$-1.02B
2018-12-31 → 2025-12-31
Net margin-4.6%
2018-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CLF 5Y avg Peer Median Verdict
P/E (TTM) -7.15Y avg ≈5.4 ≈5.4 · ·
P/S (TTM) 0.35Y avg ≈0.4 ≈0.4 1.0 Undervalued
P/B (MRQ) 1.25Y avg ≈1.3 ≈1.3 1.9 Undervalued
EV / EBITDA -39.75Y avg ≈6.5 ≈6.5 · ·
Price / FCF (TTM) -7.55Y avg ≈0.4 ≈0.4 · ·
Price / Cash Flow (TTM) -25.75Y avg ≈7.9 ≈7.9 · ·
EV / Revenue 0.75Y avg ≈0.7 ≈0.7 · ·
EV / FCF -13.35Y avg ≈-2.0 ≈-2.0 · ·
Price / Tangible Book (MRQ) 1.45Y avg ≈1.8 ≈1.8 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Annualized Payout≈$0.24Paid quarterly
Ex-dateAmountCurrencyYield
Apr 2, 2020$0.06USD≈7.5%
Jan 2, 2020$0.06USD≈3.4%
Oct 3, 2019$0.10USD≈3.6%
Jul 3, 2019$0.06USD≈1.5%
Apr 4, 2019$0.05USD≈0.95%
Jan 3, 2019$0.05USD≈0.66%
Nov 12, 2014$0.15USD≈5.6%
Aug 13, 2014$0.15USD≈3.4%
May 21, 2014$0.15USD≈3.7%
Feb 19, 2014$0.15USD≈2.7%
Nov 20, 2013$0.15USD≈2.2%
Aug 13, 2013$0.15USD≈4.5%
May 15, 2013$0.15USD≈7.4%
Feb 20, 2013$0.15USD≈7.4%
Nov 20, 2012$0.63USD≈7.1%
Aug 13, 2012$0.63USD≈4.2%
Apr 25, 2012$0.63USD≈2.4%
Feb 13, 2012$0.28USD≈1.4%
Nov 16, 2011$0.28USD≈1.2%
Aug 11, 2011$0.28USD≈0.95%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -13.1%
Next Report Oct 19, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 20, 2026 $-0.25 $-0.20 -22.2%
March 31, 2026 $-0.42 $-0.35 -21.4%
Dec. 31, 2025 $-0.44 $-0.62 28.6%
Sept. 30, 2025 $-0.51 $-0.48 -5.4%
June 30, 2025 $-0.97 $-0.75 -29.7%
March 31, 2025 $-1.00 $-0.78 -28.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 20252024202320222021202020192018201720162015
Revenue $18.61B$19.18B$22.00B$22.99B$20.44B$5.35B$1.99B$2.33B·$1.55B$2.01B
Cost of Revenue $19.47B$19.12B$20.62B$20.47B$15.91B$5.10B$1.41B$1.52B·$1.27B$1.78B
Gross Profit ······$576M$810M·$280M$236M
SG&A Expense $543M$486M$577M$465M$422M$244M$113M$113M·$116M$110M
Operating Expenses $20.19B$19.95B$21.34B$21.05B$16.43B$5.50B$1.56B$1.66B·$149M$85M
Operating Income $-1.58B$-763M$659M$1.94B$4.01B$-142M$429M$673M·$131M$151M
Other Non-op $1M$4M$5M$-4M$6M$3M$4M$18M·$7M$-3M
Pretax Income $-2.00B$-950M$579M$1.80B$3.80B$-193M$313M$565M·$110M$313M
Income Tax $-581M$-236M$144M$423M$773M$-111M$18M$-475M·$-12M$169M
Net Income $-1.48B$-760M$385M$1.33B$2.99B$-122M$293M$1.13B·$174M$-749M
EPS (Basic) $-2.91$-1.58$0.75$2.57$5.63$-0.32$1.06$3.80·$0.88$-5.14
EPS (Diluted) $-2.91$-1.58$0.75$2.55$5.36$-0.32$1.03$3.71·$0.87$-5.13
Shares (Basic) 508,000,000480,000,000510,000,000519,000,000498,000,000379,000,000277,000,000297,000,000·197,700,000153,200,000
Shares (Diluted) 508,000,000480,000,000511,000,000524,000,000558,000,000379,000,000284,000,000304,000,000·200,100,000153,600,000
EBITDA $-344M$195M$1.65B$2.97B$4.91B$166M$514M$762M·$356M$285M
Balance Sheet 27
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents $57M$54M$198M$26M$48M$112M$353M$823M$978M$313M$285M
Receivables $1.44B$1.58B$1.84B$1.96B$2.15B$1.17B$94M$227M$183M$129M$40M
Inventory $4.77B$5.09B$4.46B$5.13B$5.19B$3.83B$317M$181M$87M$178M$330M
Other Current Assets $164M$183M$138M$306M$263M$189M$75M$40M$11M$21M$51M
Current Assets $6.43B$6.91B$6.64B$7.42B$7.65B$5.30B$898M$1.48B$1.58B$825M$983M
PP&E (Net) $9.48B$9.94B$8.89B$9.07B$9.19B$8.74B$1.93B$1.29B$1.03B$984M$1.06B
PP&E (Gross) $15.31B$14.75B$12.91B$12.39B$11.53B$10.22B$3.03B$2.31B·$1.94B$1.97B
Accum. Depreciation $5.83B$4.81B$4.01B$3.32B$2.34B$1.47B$1.10B$1.02B·$957M$911M
Goodwill $1.81B$1.77B$1.00B$1.13B$1.12B$1.41B$2M···$2M
Intangibles $1.14B$1.17B$201M$214M$221M$188M$48M··$54M$58M
Other Non-current Assets $678M$733M$471M$777M$797M$1.32B$215M$178M$102M$115M$94M
Total Assets $20.01B$20.95B$17.54B$18.75B$18.98B$16.77B$3.50B$3.53B$2.99B$1.92B$2.14B
Accounts Payable $1.89B$2.01B$2.10B$2.19B$2.07B$1.57B$193M$187M$101M$108M$106M
Accrued Liabilities $396M$375M$380M$383M··$126M$159M$79M$41M$32M
Current Liabilities $3.30B$3.36B$3.51B$3.55B$3.56B$2.93B$409M$468M$455M$391M$582M
Capital Leases $234M$275M$197M$195M$220M$211M$10M····
Other Non-current Liabilities $1.42B$1.45B$753M$1.27B$1.33B$1.26B$311M$124M$164M$214M$214M
Total Liabilities $13.69B$14.08B$9.41B$10.71B$13.20B$13.69B$3.15B$3.11B$3.40B$3.25B$3.95B
Long-term Debt $7.25B$7.07B$3.14B$4.25B$5.24B$5.42B···$2.19B$2.70B
Total Debt $7.25B$7.07B$3.14B$4.25B$5.24B$5.42B$2.11B$2.09B·$2.19B$2.70B
Paid-in Capital $5.74B$4.76B$4.86B$4.87B$4.89B$5.43B$3.87B$3.92B·$3.35B$2.30B
Retained Earnings $-529M$949M$1.73B$1.33B$-1M$-2.99B$-2.84B$-3.06B·$-4.57B$-4.75B
Treasury Stock $659M$676M$430M$310M$82M$354M$391M$186M·$246M$265M
AOCI $1.49B$1.54B$1.66B$1.83B$618M$-133M$-319M$-284M·$-21M$-18M
Stockholders' Equity $6.12B$6.63B$7.89B$7.79B$5.49B$2.02B$358M$424M$-410M$-1.33B$-1.98B
Liabilities + Equity $20.01B$20.95B$17.54B$18.75B$18.98B$16.77B$3.50B$3.53B$2.99B$1.92B$2.14B
Shares Outstanding 569,759,243493,900,000504,900,000513,300,000500,100,000477,500,000271,000,000293,000,000·233,100,000153,500,000
Cash Flow 17
Metric Trend 20252024202320222021202020192018201720162015
D&A $1.24B$951M$973M$1.03B$897M$308M$85M$89M·$115M$134M
Deferred Tax $-506M$-196M$110M$90M$767M$-101M$17M$-461M·$0$160M
Amort. of Intangibles $81M$24M$13M$13M$10M$8M$1M····
Restructuring $86M$129M$0$0·······
Other Non-cash $287M$103M$781M$-36M$-1.87B$-346M$168M$-278M·$14M$493M
Operating Cash Flow $-462M$105M$2.27B$2.42B$2.79B$-258M$568M$479M·$303M$38M
CapEx $561M$695M$646M$943M$705M$525M$656M$296M·$7M$81M
Investing Cash Flow $-479M$-3.21B$-591M$-936M$-1.38B$-2.04B$-644M$-273M·$-58M$-103M
Net Debt Issued $-685M$-845M$0$-1.36B$-1.37B$-1.02B$-729M····
Stock Issued $951M$0$0$0$322M$0$0$0·$287M$0
Stock Repurchased $0$733M$152M$240M$0$0$253M$48M···
Net Stock Activity $951M$-733M$-152M$-240M$322M$0$-253M$-48M·$287M$0
Dividends Paid ·····$41M$72M$0·$0$0
Financing Cash Flow $942M$2.97B$-1.50B$-1.51B$-1.47B$2.06B$-394M$-376M·$-206M$61M
Net Change in Cash ··$172M$-22M$-64M$-241M$-470M$-172M·$74M$-6M
Taxes Paid $-16M$-30M$-111M········
Free Cash Flow $-1.02B$-590M$1.62B$1.48B$2.08B$-786M$-76M$391M·$234M$-43M
Profitability 8
Metric Trend 20252024202320222021202020192018201720162015
Gross Margin ······28.9%34.7%·18.5%11.8%
Operating Margin -8.5%-3.9%3.1%8.4%19.6%-2.6%21.6%28.9%·11.4%7.5%
Net Margin -7.9%-3.9%1.8%5.8%14.6%-2.3%14.7%48.4%·8.3%-37.2%
Pretax Margin -10.8%-4.9%2.7%7.8%18.6%-3.6%15.7%24.2%·9.8%15.6%
EBITDA Margin -1.8%1.0%7.5%12.9%24.0%3.1%25.9%32.7%·16.9%14.2%
ROA -7.2%-3.9%2.2%7.1%16.7%-1.2%8.3%34.6%·8.6%-28.4%
ROE -23.2%-10.4%5.1%20.1%79.6%-10.3%91.0%16231.6%·-10.1%43.9%
ROIC -8.4%-4.1%4.6%12.3%29.8%-0.81%16.4%49.2%·35.0%9.7%
Liquidity & Solvency 4
Metric Trend 20252024202320222021202020192018201720162015
Current Ratio 1.92.11.92.12.11.82.23.2·2.11.7
Quick Ratio 0.50.50.60.60.60.41.12.2·1.20.6
Debt / Equity 1.21.10.40.51.02.75.94.9·-1.5-1.4
LT Debt / Equity 1.21.10.40.51.02.75.94.9·-1.5-1.4
Efficiency 3
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 0.91.01.21.21.10.50.60.7·1.00.8
Inventory Turnover 3.94.04.34.03.52.55.717.4·6.86.0
Receivables Turnover 12.311.211.611.212.38.512.411.4·25.024.7
Per Share 7
Metric Trend 20252024202320222021202020192018201720162015
Book Value / Share $10.73$13.49$15.62$15.18$10.98$4.23$1.33$1.45·$-6.28$-12.90
Revenue / Share $36.63$39.97$43.05$43.87$36.64$14.13$6.99$7.67·$10.54$13.11
Cash Flow / Share $-0.91$0.22$4.44$4.62$4.99$-0.69$1.98$1.57·$1.51$0.25
Cash / Share $0.10$0.11$0.39$0.05$0.10$0.23$1.31$2.81·$1.39$1.86
Dividend / Share ·····$0.06$0.27$0.05·$0.00$0.00
Dividend Paid / Share ·········$0.00$0.60
EPS (TTM) $-2.91$-1.58$0.75$2.55$5.36$-0.32$1.03$3.71·$0.87$-5.13
Growth Rates 5
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY -3.0%-12.8%-4.3%12.4%281.8%······
Revenue CAGR 3Y -6.8%-2.1%60.2%········
Revenue CAGR 5Y 28.3%··········
EPS YoY ··-70.6%-52.4%·······
Net Income YoY ··-71.2%-55.3%·······
Valuation (TTM) 17
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM $18.61B$19.18B$22.00B$22.99B$20.44B$5.35B$1.99B$2.33B·$1.55B$2.01B
Net Income TTM $-1.48B$-760M$385M$1.33B$2.99B$-122M$293M$1.13B·$174M$-749M
Market Cap $7.57B$4.64B$10.31B$8.27B$10.89B$6.95B$2.27B$2.25B·$1.96B$243M
Enterprise Value $14.76B$11.65B$13.25B$12.49B$16.08B$12.26B$4.03B$3.52B·$3.83B$2.66B
P/E -4.6-5.927.26.34.1-45.58.22.1·9.7-0.3
P/S 0.40.20.50.40.51.31.11.0·1.30.1
P/B 1.20.71.31.12.03.46.35.3·-1.3-0.1
P / Tangible Book 2.41.31.51.32.616.4·····
P / Cash Flow -16.444.24.53.43.9-26.64.04.7·6.56.4
P / FCF -7.4-7.96.45.65.2-8.8-29.75.8·8.4-5.7
EV / EBITDA -42.959.88.04.23.373.97.84.6·10.89.3
EV / FCF -14.4-19.88.28.47.7-15.6-52.79.0·16.4-61.9
EV / Revenue 0.80.60.60.50.82.32.01.5·2.51.3
Dividend Yield ·····0.59%3.2%0.00%·0.00%0.00%
Earnings Yield -21.9%-16.8%3.7%15.8%24.6%-2.2%12.3%48.2%·10.3%-324.7%
Payout Ratio ·····-33.6%24.6%··0.00%0.00%
Annual Payout ·····$41M$72M$0·$0$0

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $18.61B $19.18B $22.00B $22.99B $20.44B
Operating Margin % -8.5% -3.9% 3.1% 8.4% 19.6%
Net Income $-1.48B $-760M $385M $1.33B $2.99B
Diluted EPS $-2.91 $-1.58 $0.75 $2.55 $5.36

Institutional owners (13F) 675 filers · $5.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 675
Value held $5.6B
New positions 113
Exited positions 72
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
113 (+8 vs prior Q) 72 (-11 vs prior Q) 193 (-13 vs prior Q) 207 (+21 vs prior Q) +16.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $722,317,752 54,391,397 12.99% Shares
BlackRock, Inc. $522,766,073 55,672,638 9.40% Shares
STATE STREET CORP $312,203,565 33,248,516 5.61% Shares
Slate Path Capital LP $266,770,661 28,410,081 4.80% Shares
VANGUARD CAPITAL MANAGEMENT LLC $242,227,172 25,796,291 4.36% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $236,512,719 25,187,723 4.25% Shares
D. E. Shaw & Co., Inc. $144,466,174 15,385,109 2.60% Shares
TWO SIGMA INVESTMENTS, LP $142,731,700 15,200,394 2.57% Shares
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN $139,904,173 14,899,273 2.52% Shares
DIMENSIONAL FUND ADVISORS LP $116,956,558 12,454,764 2.10% Shares
GEODE CAPITAL MANAGEMENT, LLC $99,047,125 10,544,562 1.78% Shares
CITIGROUP INC $90,129,267 9,598,431 1.62% Shares
MORGAN STANLEY $74,287,105 7,911,298 1.34% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $74,160,717 7,897,840 1.33% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $62,901,732 6,698,800 1.13% Call option
PointState Capital LP $61,805,224 6,582,026 1.11% Shares
GOLDMAN SACHS GROUP INC $60,290,854 6,420,752 1.08% Shares
CITADEL ADVISORS LLC $60,284,739 6,420,100 1.08% Call option
MILLENNIUM MANAGEMENT LLC $59,829,052 6,371,571 1.08% Shares
Avala Global LP $58,324,952 6,211,390 1.05% Shares
Assenagon Asset Management S.A. $56,544,974 6,021,829 1.02% Shares
Kinetic Partners Management, LP $56,510,898 6,018,200 1.02% Shares
Encompass Capital Advisors LLC $48,016,939 5,113,625 0.86% Shares
BNP PARIBAS FINANCIAL MARKETS $46,276,831 4,928,310 0.83% Shares
NEUBERGER BERMAN GROUP LLC $45,632,376 4,860,120 0.82% Shares
NORTHERN TRUST CORP $44,144,774 4,701,254 0.79% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $42,658,339 4,542,961 0.77% Shares
TWO SIGMA ADVISERS, LP $38,630,564 2,908,928 0.69% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $37,578,780 4,002,000 0.68% Put option
Drexel Morgan & Co. $37,560,000 4,000,000 0.68% Shares
Qube Research & Technologies Ltd $37,328,846 3,975,383 0.67% Shares
BANK OF AMERICA CORP /DE/ $36,669,958 3,905,214 0.66% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $34,688,895 3,694,238 0.62% Shares
VANGUARD FIDUCIARY TRUST CO $33,897,440 3,609,951 0.61% Shares
UBS Group AG $33,817,662 3,601,455 0.61% Shares
Bank of New York Mellon Corp $30,306,792 3,227,560 0.54% Shares
Balyasny Asset Management L.P. $30,124,237 3,208,119 0.54% Shares
Maple Rock Capital Partners Inc. $28,950,844 3,083,157 0.52% Shares
MASTERS CAPITAL MANAGEMENT LLC $28,170,000 3,000,000 0.51% Call option
JANE STREET GROUP, LLC $27,833,838 2,964,200 0.50% Call option
Squarepoint Ops LLC $27,139,138 2,890,217 0.49% Shares
Man Group plc $26,843,249 2,858,706 0.48% Shares
Invesco Ltd. $24,252,202 2,582,769 0.44% Shares
Apis Capital Advisors, LLC $23,850,600 2,540,000 0.43% Shares
EASTERLY INVESTMENT PARTNERS LLC $22,693,085 2,416,729 0.41% Shares
Yaupon Capital Management LP $22,021,343 2,345,191 0.40% Shares
Douglas Lane & Associates, LLC $21,670,819 2,307,862 0.39% Shares
Point72 Asset Management, L.P. $21,478,508 2,287,381 0.39% Shares
CITADEL ADVISORS LLC $21,231,729 2,261,100 0.38% Put option
PEAK6 LLC $20,097,417 2,140,300 0.36% Call option

Show all 675 institutional owners →

Activists & 5%+ owners 14 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Casablanca Capital LP, Donald G. Drapkin, Douglas Taylor ×8 filings Nov. 10, 2015 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person April 16, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person April 13, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person April 6, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 27, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 6, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 5, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Jan. 16, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Jan. 12, 2009 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 14, 2008 · Initial filing · SEC
Philip Falcone July 17, 2008 · Initial filing M&A / sale SEC
Undisclosed reporting person, Undisclosed reporting person April 20, 2005 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person Jan. 11, 2005 · Initial filing Passive investment SEC
Undisclosed reporting person, Undisclosed reporting person Feb. 23, 2004 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 77 insiders · 40 officers · 37 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Lourenco Goncalves Chairman, President & CEO Feb. 18, 2026 A 0 0 1 $-37,260,000
Joseph A Carrabba President & CEO Nov. 1, 2013 S 224,688 0 0 $0
Richard R. Mehan SVP, Pres. & CEO Cliffs Asia-P Nov. 4, 2010 S 10,604 0 0 $0
Celso L Goncalves Jr EVP, CFO June 5, 2026 S 184,542 0 1 $-2,873,870
Timothy K Flanagan EVP, Chief Financial Officer May 26, 2018 F 207,043 0 0 $0
Terrance M Paradie EVP, CFO & Treasurer Feb. 10, 2015 F 82,963 0 0 $0
Gary B Halverson President & COO Feb. 10, 2014 A 97,560 0 0 $0
Clifford T Smith EVP & Chief Operating Officer Feb. 18, 2026 A 560,529 0 1 $-2,092,000
Kelly P Tompkins EVP & Chief Operating Officer Dec. 31, 2017 F 427,269 0 0 $0
Kimberly A Floriani SVP, Controller & CAO Feb. 18, 2026 A 68,852 0 0 $0
James D Graham EVP Chief Legal Admin & Sec Feb. 18, 2026 A 478,258 0 0 $0
Keith Koci EVP & President, CC Services Feb. 18, 2026 A 527,528 0 0 $0
Terry G. Fedor EVP, Engineering & Technology Jan. 5, 2026 F 567,255 0 0 $0
Traci L Forrester EVP, Environ & Sustainability Feb. 19, 2025 A 209,778 0 0 $0
Maurice Harapiak EVP, HR & Chief Admin Officer Feb. 24, 2022 A 472,090 0 0 $0
Christopher R Cebula SVP Chief Admin Off Steel, CAO March 13, 2020 A 104,234 0 0 $0
Terrence R Mee EVP, Global Commercial Feb. 19, 2019 A 243,868 0 0 $0
David L Webb EVP, Global Coal Feb. 10, 2015 F 58,511 0 0 $0
William C Boor EVP Corp Dev & Chief Strat Off Aug. 6, 2014 D 67,623 0 0 $0
Ronald K Aderhold SVP & Chief Info. Officer Feb. 10, 2014 F 18,115 0 0 $0
James R Michaud EVP, HR & Chief HR Officer Feb. 10, 2014 F 15,998 0 0 $0
James F Kirsch Chairman Jan. 2, 2014 D 39,975 0 0 $0
Carolyn Cheverine VP, GC & Secretary March 12, 2013 P 3,375 0 0 $0
Steven M Raguz EVP Corp Strategy & Comm & CSO March 11, 2013 S 17,148 0 0 $0
Duke D Vetor SVP, Global Operations Service March 11, 2013 A 39,589 0 0 $0
Laurie Brlas EVP & President Global Ops March 11, 2013 A 87,183 0 0 $0
Colin Grant Williams VP, Asia Pacific Iron Ore March 12, 2012 A 2,220 0 0 $0
William S. Hart VP, Global Marketing March 12, 2012 A 2,110 0 0 $0
William Jay Mcfadden VP, Global Coal & Alt. Energy March 12, 2012 A 7,781 0 0 $0
Steve R. Baisden VP, Investor Relations & Comm. March 12, 2012 S 6,379 0 0 $0
Duncan Price EVP,Global Operations March 12, 2012 A 6,510 0 0 $0
William Brake EVP, Global Metallics Feb. 27, 2012 A 1,259 0 0 $0
Gina K Gunning GC, Corp Affairs & Secretary March 8, 2011 A 1,120 0 0 $0
William R Calfee Exec. V.P. Commercial Projects March 2, 2011 S 32,753 0 0 $0
George W Hawk Jr General Counsel & Secretary March 3, 2010 D 31,210 0 0 $0
Randy L Kummer Senior VP-Human Resources March 10, 2008 A 32,807 0 0 $0
Robert J Leroux Vice President- Finance March 10, 2008 A 11,243 0 0 $0
David H Gunning Vice Chairman May 31, 2007 F 44,487 0 0 $0
James A Trethewey S.V.P.- Bus. Development March 13, 2007 A 10,462 0 0 $0
Edward C Dowling Exec. VP Operations March 8, 2004 A 8,270 0 0 $0
Ron A. Bloom Director Oct. 1, 2026 A 130,841 0 0 $0
Jane M. Cronin Director Oct. 1, 2026 A 81,843 0 0 $0
Edilson Camara Director April 21, 2026 A 57,317 1 0 $199,561
Ben Oren Director April 21, 2026 A 48,068 0 0 $0
Arlene M Yocum Director April 21, 2026 A 136,467 0 0 $0
Ralph S Michael III Director April 21, 2026 A 233,420 0 0 $0
John T Baldwin Director April 21, 2026 A 133,227 0 0 $0
Gabriel Stoliar Director April 1, 2026 F 258,992 0 0 $0
Douglas C Taylor Director April 23, 2025 A 119,103 0 0 $0
Susan Miranda Green Director April 23, 2025 A 116,726 0 0 $0
Janet L Miller Director April 25, 2024 A 101,795 0 0 $0
Robert P Fisher Jr Director April 1, 2024 A 189,957 0 0 $0
William K Gerber Director April 26, 2023 A 137,578 0 0 $0
Eric M Rychel Director April 28, 2021 A 27,845 0 0 $0
Michael D Siegal Director Jan. 2, 2020 A 78,054 0 0 $0
Joseph A Rutkowski Director April 24, 2019 A 111,318 0 0 $0
James S Sawyer Director April 27, 2016 A 34,682 0 0 $0
Andres Gluski Director Nov. 5, 2013 P 12,049 0 0 $0
Mark E. Gaumond Director Oct. 1, 2013 A 5,047 0 0 $0
Barry J Eldridge Director Oct. 1, 2013 A 23,882 0 0 $0
Timothy W Sullivan Director Oct. 1, 2013 A 5,823 0 0 $0
HENRY JANICE K Director Oct. 1, 2013 A 11,201 0 0 $0
RIEDERER RICHARD K Director Oct. 1, 2013 A 2,245 0 0 $0
Francis R Mcallister Director May 7, 2013 A 17,171 0 0 $0
Richard Andrew Ross Director April 1, 2013 A 6,663 0 0 $0
Alan G Schwartz Director April 2, 2012 A 19,839 0 0 $0
Roger Phillips Director May 17, 2011 A 39,659 0 0 $0
CAMBRE RONALD C Director May 11, 2010 A 24,349 0 0 $0
James D Ireland III Director May 12, 2009 A 25,690 0 0 $0
John S Brinzo Director March 1, 2007 D 101,867 0 0 $0
Ranko Cucuz Director Aug. 3, 2005 S 2,473 0 0 $0
MORLEY JOHN C Director Dec. 14, 2004 A 0 0 0 $0
Ann M Harlan · April 28, 2021 A 72,102 0 0 $0
Donald J Gallagher · Nov. 5, 2013 S 32,840 0 0 $0
Susan M Cunningham · Oct. 1, 2013 A 20,232 0 0 $0
David B Blake · Aug. 16, 2013 S 28,375 0 0 $0
Stephen B Oresman · March 30, 2005 G 1,401 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 58 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PYZ · Invesco Exchange-Traded Fund Trust 2.19% 121,779 SH Oct. 2, 2026 Daily
RFV · Invesco Exchange-Traded Fund Trust 1.19% 337,962 SH Oct. 2, 2026 Daily
FXZ · First Trust Exchange-Traded AlphaDE… 1.04% 333,793 NS July 31, 2026 N-PORT
RWK · Invesco Exchange-Traded Fund Trust … 0.75% 832,021 SH Oct. 2, 2026 Daily
IYM · iShares Trust 0.66% 658,829 SH Sept. 11, 2026 Daily
BRNY · EA Series Trust 0.49% 246,051 NS July 31, 2026 N-PORT
FMAT · FIDELITY COVINGTON TRUST 0.44% 222,529 NS July 31, 2026 N-PORT
PICK · iShares, Inc. 0.39% 864,947 SH Sept. 11, 2026 Daily
GTOS · Invesco Actively Managed Exchange-T… 0.37% 431,000 Oct. 2, 2026 Daily
VAW · VANGUARD WORLD FUND 0.35% 1,673,722 SH Aug. 19, 2026 Daily
IVOV · VANGUARD ADMIRAL FUNDS 0.31% 489,780 SH Aug. 19, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.27% 20,586 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.23% 162,208 SH Oct. 2, 2026 Daily
QVMM · Invesco Exchange-Traded Fund Trust … 0.20% 72,562 SH Oct. 2, 2026 Daily
PTMC · Pacer Funds Trust 0.19% 63,230 NS July 31, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.15% 922,680 SH Aug. 19, 2026 Daily
SMDX · Tidal Trust III 0.15% 16,661 NS July 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 249,321 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.14% 1,871,672 NS July 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.14% 8,377 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.13% 904,967 NS July 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.11% 8,306,151 SH Aug. 19, 2026 Daily
SMMD · iShares Trust 0.09% 303,494 SH Sept. 11, 2026 Daily
ESML · iShares Trust 0.09% 220,756 SH Sept. 11, 2026 Daily
IWS · iShares Trust 0.07% 846,718 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.06% 34,656 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.06% 6,541,525 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.06% 13,083,527 SH Aug. 19, 2026 Daily
TILT · FlexShares Trust 0.06% 112,718 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.05% 465,809 SH Oct. 2, 2026 Daily
IWR · iShares Trust 0.05% 2,319,926 SH Sept. 11, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.04% 33,328 SH Oct. 2, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.04% 1,208,000 Oct. 2, 2026 Daily
DXUV · Dimensional ETF Trust 0.04% 16,811 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.03% 1,268,490 NS July 31, 2026 N-PORT
CCNR · Financial Investors Trust 0.02% 9,043 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.02% 67,012 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.02% 492,730 SH Sept. 11, 2026 Daily
NEAR · iShares U.S. ETF Trust 0.02% 928,000 SH Sept. 10, 2026 Daily
IWD · iShares Trust 0.02% 1,255,937 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.01% 130,518 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.01% 18,136,389 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.01% 94,124 SH Aug. 19, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.01% 341,505 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 47,252 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.01% 127,917 SH Aug. 19, 2026 Daily
IYY · iShares Trust 0.01% 24,331 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.01% 389,766 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.01% 743,545 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 153,370 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 80,708 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 467,477 SH Aug. 19, 2026 Daily
IJH · iShares Trust · 20,015,424 SH Sept. 11, 2026 Daily
IJJ · iShares Trust · 2,908,550 SH Aug. 21, 2026 Daily
IFRA · iShares Trust · 897,919 SH Sept. 11, 2026 Daily
XJH · iShares Trust · 78,049 SH Sept. 8, 2026 Daily
ISCB · iShares Trust · 25,547 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 126,308 SH Sept. 11, 2026 Daily

CLF Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 20 analysts HOLD
Median target $12.25 +8.2%
1 5.0% Strong Buy
5 25.0% Buy
13 65.0% Hold
1 5.0% Sell
0 0.0% Strong Sell

12-Month Price Target

10 analysts · 2026-10-03

Mean target $12.40 +9.5%

Now Current price $11.32
Low$10.00 Mean$12.40 High$15.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CLF $7.57B -4.6 -3.0% -7.9% -23.2% ·
NUE · 21.7 5.7% 5.4% 8.5% ·
STLD $24.56B 21.2 3.6% 6.5% 13.2% 13.2%
RS $14.94B 20.7 3.3% 5.2% 10.3% ·
CMC $6.41B 77.9 -1.6% 1.1% 2.0% ·
HCC $4.64B 81.6 -14.1% 4.3% 2.7% ·
AMR $2.56B -42.1 -28.0% -2.9% -3.9% ·
WS $2.11B 248.2 11.3% 0.25% 0.80% 11.7%
RYZ · -14.3 -0.60% -1.2% -7.2% 17.1%

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Jul 23, 2026