CLF Cleveland-Cliffs Inc. Common Stock

NYSE · Metals & Mining · View on SEC EDGAR ↗
$12.17
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026

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

Cleveland-Cliffs Inc. 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.

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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 ↗

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

Price
$12.16
Market Cap
$6.94B
P/E (TTM)
-4.2
EPS (TTM)
$-2.91
Revenue (TTM)
$18.61B
Div Yield
ROE
-23.2%
Debt/Equity
1.2
52W Range
$8 – $17

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

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

Revenue & Net Income $18.61B
9-point trend, +897.3%
2017-12-31 2025-12-31
EPS $-2.91
9-point trend, -331.0%
2017-12-31 2025-12-31
Free Cash Flow $-1.02B
8-point trend, -361.6%
2018-12-31 2025-12-31
Margins -7.9%
2-point trend, -16.7%
2018-12-31 2019-12-31

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

Metric
5Y trend
CLF
Peer Median
P/E (TTM)
5-point trend, -212.4%
-4.2
24.1
P/S (TTM)
5-point trend, -23.7%
0.4
0.7
P/B
5-point trend, -37.6%
1.1
1.4
EV / EBITDA
5-point trend, -1410.2%
-41.1
Price / FCF
5-point trend, -241.3%
-6.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
CLF
Peer Median
Operating Margin
5-point trend, -143.2%
-8.5%
Net Profit Margin
5-point trend, -154.3%
-7.9%
0.24%
ROA
5-point trend, -143.2%
-7.2%
0.26%
ROE
5-point trend, -129.1%
-23.2%
0.42%
ROIC
5-point trend, -128.2%
-8.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
CLF
Peer Median
Debt / Equity
5-point trend, +24.3%
1.2
Current Ratio
5-point trend, -9.3%
1.9
2.2
Quick Ratio
5-point trend, -26.6%
0.5

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
CLF
Peer Median
Revenue YoY
5-point trend, -9.0%
-3.0%
Revenue CAGR 3Y
5-point trend, -9.0%
-6.8%
Revenue CAGR 5Y
5-point trend, -9.0%
28.3%
EPS YoY
5-point trend, -154.3%
-70.6%
Net Income YoY
5-point trend, -149.5%
-71.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
CLF
Peer Median
EPS (Diluted)
5-point trend, -154.3%
$-2.91

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
CLF
Peer Median

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

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
April 2, 2020$0.0600
Jan. 2, 2020$0.0600
Oct. 3, 2019$0.1000
July 3, 2019$0.0600
April 4, 2019$0.0500
Jan. 3, 2019$0.0500
Nov. 12, 2014$0.1500
Aug. 13, 2014$0.1500
May 21, 2014$0.1500
Feb. 19, 2014$0.1500
Nov. 20, 2013$0.1500
Aug. 13, 2013$0.1500
May 15, 2013$0.1500
Feb. 20, 2013$0.1500
Nov. 20, 2012$0.6250
Aug. 13, 2012$0.6250
April 25, 2012$0.6250
Feb. 13, 2012$0.2800
Nov. 16, 2011$0.2800
Aug. 11, 2011$0.2800

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

HOLD 20 analysts
  • Strong Buy 1 5.0%
  • Buy 5 25.0%
  • Hold 13 65.0%
  • Sell 1 5.0%
  • Strong Sell 0 0.0%

12-Month Price Target

10 analysts · 2026-08-15
Median target $11.75 -3.4%
Mean target $11.80 -3.0%

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

Avg Surprise
-0.07%
Period EPS Actual EPS Est Surprise
June 30, 2026 $-0.25 $-0.20 -0.05%
March 31, 2026 $-0.42 $-0.35 -0.07%
Dec. 31, 2025 $-0.44 $-0.62 0.18%
Sept. 30, 2025 $-0.51 $-0.48 -0.03%
June 30, 2025 $-0.97 $-0.75 -0.22%
March 31, 2025 $-1.00 $-0.78 -0.22%

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

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%
MTUS -572.0 6.9% -0.10% -0.17% 8.2%

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

Income Statement 15
Annual Income Statement data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Revenue 10-point trend, +824.4% $18.61B $19.18B $22.00B $22.99B $20.44B $5.35B $1.99B $2.33B · $1.55B $2.01B
Cost of Revenue 10-point trend, +995.8% $19.47B $19.12B $20.62B $20.47B $15.91B $5.10B $1.41B $1.52B · $1.27B $1.78B
Gross Profit 4-point trend, +143.4% · · · · · · $576M $810M · $280M $236M
SG&A Expense 10-point trend, +393.6% $543M $486M $577M $465M $422M $244M $113M $113M · $116M $110M
Operating Expenses 10-point trend, +23596.0% $20.19B $19.95B $21.34B $21.05B $16.43B $5.50B $1.56B $1.66B · $149M $85M
Operating Income 10-point trend, -1143.6% $-1.58B $-763M $659M $1.94B $4.01B $-142M $429M $673M · $131M $151M
Other Non-op 10-point trend, +138.5% $1M $4M $5M $-4M $6M $3M $4M $18M · $7M $-3M
Pretax Income 10-point trend, -740.1% $-2.00B $-950M $579M $1.80B $3.80B $-193M $313M $565M · $110M $313M
Income Tax 10-point trend, -443.2% $-581M $-236M $144M $423M $773M $-111M $18M $-475M · $-12M $169M
Net Income 10-point trend, -97.3% $-1.48B $-760M $385M $1.33B $2.99B $-122M $293M $1.13B · $174M $-749M
EPS (Basic) 10-point trend, +43.4% $-2.91 $-1.58 $0.75 $2.57 $5.63 $-0.32 $1.06 $3.80 · $0.88 $-5.14
EPS (Diluted) 10-point trend, +43.3% $-2.91 $-1.58 $0.75 $2.55 $5.36 $-0.32 $1.03 $3.71 · $0.87 $-5.13
Shares (Basic) 10-point trend, +231.6% 508,000,000 480,000,000 510,000,000 519,000,000 498,000,000 379,000,000 277,000,000 297,000,000 · 197,700,000 153,200,000
Shares (Diluted) 10-point trend, +230.7% 508,000,000 480,000,000 511,000,000 524,000,000 558,000,000 379,000,000 284,000,000 304,000,000 · 200,100,000 153,600,000
EBITDA 10-point trend, -220.6% $-344M $195M $1.65B $2.97B $4.91B $166M $514M $762M · $356M $285M
Balance Sheet 27
Annual Balance Sheet data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Cash & Equivalents 11-point trend, -80.0% $57M $54M $198M $26M $48M $112M $353M $823M $978M $313M $285M
Receivables 11-point trend, +3487.1% $1.44B $1.58B $1.84B $1.96B $2.15B $1.17B $94M $227M $183M $129M $40M
Inventory 11-point trend, +1347.8% $4.77B $5.09B $4.46B $5.13B $5.19B $3.83B $317M $181M $87M $178M $330M
Other Current Assets 11-point trend, +222.2% $164M $183M $138M $306M $263M $189M $75M $40M $11M $21M $51M
Current Assets 11-point trend, +554.8% $6.43B $6.91B $6.64B $7.42B $7.65B $5.30B $898M $1.48B $1.58B $825M $983M
PP&E (Net) 11-point trend, +795.3% $9.48B $9.94B $8.89B $9.07B $9.19B $8.74B $1.93B $1.29B $1.03B $984M $1.06B
PP&E (Gross) 10-point trend, +677.0% $15.31B $14.75B $12.91B $12.39B $11.53B $10.22B $3.03B $2.31B · $1.94B $1.97B
Accum. Depreciation 10-point trend, +539.6% $5.83B $4.81B $4.01B $3.32B $2.34B $1.47B $1.10B $1.02B · $957M $911M
Goodwill 8-point trend, +90600.0% $1.81B $1.77B $1.00B $1.13B $1.12B $1.41B $2M · · · $2M
Intangibles 9-point trend, +1850.2% $1.14B $1.17B $201M $214M $221M $188M $48M · · $54M $58M
Other Non-current Assets 11-point trend, +622.8% $678M $733M $471M $777M $797M $1.32B $215M $178M $102M $115M $94M
Total Assets 11-point trend, +837.1% $20.01B $20.95B $17.54B $18.75B $18.98B $16.77B $3.50B $3.53B $2.99B $1.92B $2.14B
Accounts Payable 11-point trend, +1680.8% $1.89B $2.01B $2.10B $2.19B $2.07B $1.57B $193M $187M $101M $108M $106M
Accrued Liabilities 9-point trend, +1122.2% $396M $375M $380M $383M · · $126M $159M $79M $41M $32M
Current Liabilities 11-point trend, +467.6% $3.30B $3.36B $3.51B $3.55B $3.56B $2.93B $409M $468M $455M $391M $582M
Capital Leases 7-point trend, +2128.6% $234M $275M $197M $195M $220M $211M $10M · · · ·
Other Non-current Liabilities 11-point trend, +565.1% $1.42B $1.45B $753M $1.27B $1.33B $1.26B $311M $124M $164M $214M $214M
Total Liabilities 11-point trend, +246.8% $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 8-point trend, +168.7% $7.25B $7.07B $3.14B $4.25B $5.24B $5.42B · · · $2.19B $2.70B
Total Debt 10-point trend, +168.7% $7.25B $7.07B $3.14B $4.25B $5.24B $5.42B $2.11B $2.09B · $2.19B $2.70B
Paid-in Capital 10-point trend, +149.5% $5.74B $4.76B $4.86B $4.87B $4.89B $5.43B $3.87B $3.92B · $3.35B $2.30B
Retained Earnings 10-point trend, +88.9% $-529M $949M $1.73B $1.33B $-1M $-2.99B $-2.84B $-3.06B · $-4.57B $-4.75B
Treasury Stock 10-point trend, +148.7% $659M $676M $430M $310M $82M $354M $391M $186M · $246M $265M
AOCI 10-point trend, +8388.9% $1.49B $1.54B $1.66B $1.83B $618M $-133M $-319M $-284M · $-21M $-18M
Stockholders' Equity 11-point trend, +408.7% $6.12B $6.63B $7.89B $7.79B $5.49B $2.02B $358M $424M $-410M $-1.33B $-1.98B
Liabilities + Equity 11-point trend, +837.1% $20.01B $20.95B $17.54B $18.75B $18.98B $16.77B $3.50B $3.53B $2.99B $1.92B $2.14B
Shares Outstanding 10-point trend, +271.2% 569,759,243 493,900,000 504,900,000 513,300,000 500,100,000 477,500,000 271,000,000 293,000,000 · 233,100,000 153,500,000
Cash Flow 17
Annual Cash Flow data for CLF
Metric Trend 20252024202320222021202020192018201720162015
D&A 10-point trend, +821.6% $1.24B $951M $973M $1.03B $897M $308M $85M $89M · $115M $134M
Deferred Tax 10-point trend, -416.6% $-506M $-196M $110M $90M $767M $-101M $17M $-461M · $0 $160M
Amort. of Intangibles 7-point trend, +8000.0% $81M $24M $13M $13M $10M $8M $1M · · · ·
Restructuring 4-point trend, +86000000.00 $86M $129M $0 $0 · · · · · · ·
Other Non-cash 10-point trend, -41.8% $287M $103M $781M $-36M $-1.87B $-346M $168M $-278M · $14M $493M
Operating Cash Flow 10-point trend, -1319.0% $-462M $105M $2.27B $2.42B $2.79B $-258M $568M $479M · $303M $38M
CapEx 10-point trend, +594.3% $561M $695M $646M $943M $705M $525M $656M $296M · $7M $81M
Investing Cash Flow 10-point trend, -364.1% $-479M $-3.21B $-591M $-936M $-1.38B $-2.04B $-644M $-273M · $-58M $-103M
Net Debt Issued 7-point trend, +6.1% $-685M $-845M $0 $-1.36B $-1.37B $-1.02B $-729M · · · ·
Stock Issued 10-point trend, +951000000.00 $951M $0 $0 $0 $322M $0 $0 $0 · $287M $0
Stock Repurchased 8-point trend, -100.0% $0 $733M $152M $240M $0 $0 $253M $48M · · ·
Net Stock Activity 10-point trend, +951000000.00 $951M $-733M $-152M $-240M $322M $0 $-253M $-48M · $287M $0
Dividends Paid 5-point trend, +41000000.00 · · · · · $41M $72M $0 · $0 $0
Financing Cash Flow 10-point trend, +1444.3% $942M $2.97B $-1.50B $-1.51B $-1.47B $2.06B $-394M $-376M · $-206M $61M
Net Change in Cash 8-point trend, +3117.5% · · $172M $-22M $-64M $-241M $-470M $-172M · $74M $-6M
Taxes Paid 3-point trend, +85.6% $-16M $-30M $-111M · · · · · · · ·
Free Cash Flow 10-point trend, -2284.6% $-1.02B $-590M $1.62B $1.48B $2.08B $-786M $-76M $391M · $234M $-43M
Profitability 8
Annual Profitability data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Gross Margin 4-point trend, +146.2% · · · · · · 28.9% 34.7% · 18.5% 11.8%
Operating Margin 10-point trend, -212.8% -8.5% -3.9% 3.1% 8.4% 19.6% -2.6% 21.6% 28.9% · 11.4% 7.5%
Net Margin 10-point trend, +78.7% -7.9% -3.9% 1.8% 5.8% 14.6% -2.3% 14.7% 48.4% · 8.3% -37.2%
Pretax Margin 10-point trend, -169.3% -10.8% -4.9% 2.7% 7.8% 18.6% -3.6% 15.7% 24.2% · 9.8% 15.6%
EBITDA Margin 10-point trend, -113.1% -1.8% 1.0% 7.5% 12.9% 24.0% 3.1% 25.9% 32.7% · 16.9% 14.2%
ROA 10-point trend, +74.6% -7.2% -3.9% 2.2% 7.1% 16.7% -1.2% 8.3% 34.6% · 8.6% -28.4%
ROE 10-point trend, -152.8% -23.2% -10.4% 5.1% 20.1% 79.6% -10.3% 91.0% 16231.6% · -10.1% 43.9%
ROIC 10-point trend, -186.7% -8.4% -4.1% 4.6% 12.3% 29.8% -0.81% 16.4% 49.2% · 35.0% 9.7%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Current Ratio 10-point trend, +15.4% 1.9 2.1 1.9 2.1 2.1 1.8 2.2 3.2 · 2.1 1.7
Quick Ratio 10-point trend, -18.8% 0.5 0.5 0.6 0.6 0.6 0.4 1.1 2.2 · 1.2 0.6
Debt / Equity 10-point trend, +187.0% 1.2 1.1 0.4 0.5 1.0 2.7 5.9 4.9 · -1.5 -1.4
LT Debt / Equity 10-point trend, +187.0% 1.2 1.1 0.4 0.5 1.0 2.7 5.9 4.9 · -1.5 -1.4
Efficiency 3
Annual Efficiency data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Asset Turnover 10-point trend, +19.2% 0.9 1.0 1.2 1.2 1.1 0.5 0.6 0.7 · 1.0 0.8
Inventory Turnover 10-point trend, -34.5% 3.9 4.0 4.3 4.0 3.5 2.5 5.7 17.4 · 6.8 6.0
Receivables Turnover 10-point trend, -50.1% 12.3 11.2 11.6 11.2 12.3 8.5 12.4 11.4 · 25.0 24.7
Per Share 7
Annual Per Share data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Book Value / Share 10-point trend, +183.2% $10.73 $13.49 $15.62 $15.18 $10.98 $4.23 $1.33 $1.45 · $-6.28 $-12.90
Revenue / Share 10-point trend, +179.5% $36.63 $39.97 $43.05 $43.87 $36.64 $14.13 $6.99 $7.67 · $10.54 $13.11
Cash Flow / Share 10-point trend, -468.6% $-0.91 $0.22 $4.44 $4.62 $4.99 $-0.69 $1.98 $1.57 · $1.51 $0.25
Cash / Share 10-point trend, -94.6% $0.10 $0.11 $0.39 $0.05 $0.10 $0.23 $1.31 $2.81 · $1.39 $1.86
Dividend / Share 5-point trend, +0.06 · · · · · $0 $0 $0 · $0 $0
Dividend Paid / Share 2-point trend, -100.0% · · · · · · · · · $0 $1
EPS (TTM) 10-point trend, +43.3% $-2.91 $-1.58 $0.75 $2.55 $5.36 $-0.32 $1.03 $3.71 · $0.87 $-5.13
Growth Rates 5
Annual Growth Rates data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Revenue YoY 5-point trend, -101.1% -3.0% -12.8% -4.3% 12.4% 281.8% · · · · · ·
Revenue CAGR 3Y 3-point trend, -111.3% -6.8% -2.1% 60.2% · · · · · · · ·
Revenue CAGR 5Y 28.3% · · · · · · · · · ·
EPS YoY 2-point trend, -34.6% · · -70.6% -52.4% · · · · · · ·
Net Income YoY 2-point trend, -28.6% · · -71.2% -55.3% · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for CLF
Metric Trend 20252024202320222021202020192018201720162015
Revenue TTM 10-point trend, +824.4% $18.61B $19.18B $22.00B $22.99B $20.44B $5.35B $1.99B $2.33B · $1.55B $2.01B
Net Income TTM 10-point trend, -97.3% $-1.48B $-760M $385M $1.33B $2.99B $-122M $293M $1.13B · $174M $-749M
Market Cap 10-point trend, +3017.9% $7.57B $4.64B $10.31B $8.27B $10.89B $6.95B $2.27B $2.25B · $1.96B $243M
Enterprise Value 10-point trend, +455.6% $14.76B $11.65B $13.25B $12.49B $16.08B $12.26B $4.03B $3.52B · $3.83B $2.66B
P/E 10-point trend, -1381.7% -4.6 -5.9 27.2 6.3 4.1 -45.5 8.2 2.1 · 9.7 -0.3
P/S 10-point trend, +237.4% 0.4 0.2 0.5 0.4 0.5 1.3 1.1 1.0 · 1.3 0.1
P/B 10-point trend, +1109.9% 1.2 0.7 1.3 1.1 2.0 3.4 6.3 5.3 · -1.3 -0.1
P / Tangible Book 6-point trend, -85.4% 2.4 1.3 1.5 1.3 2.6 16.4 · · · · ·
P / Cash Flow 10-point trend, -355.8% -16.4 44.2 4.5 3.4 3.9 -26.6 4.0 4.7 · 6.5 6.4
P / FCF 10-point trend, -30.8% -7.4 -7.9 6.4 5.6 5.2 -8.8 -29.7 5.8 · 8.4 -5.7
EV / EBITDA 10-point trend, -560.8% -42.9 59.8 8.0 4.2 3.3 73.9 7.8 4.6 · 10.8 9.3
EV / FCF 10-point trend, +76.7% -14.4 -19.8 8.2 8.4 7.7 -15.6 -52.7 9.0 · 16.4 -61.9
EV / Revenue 10-point trend, -39.9% 0.8 0.6 0.6 0.5 0.8 2.3 2.0 1.5 · 2.5 1.3
Dividend Yield 5-point trend, +0.01 · · · · · 0.59% 3.2% 0.00% · 0.00% 0.00%
Earnings Yield 10-point trend, +93.3% -21.9% -16.8% 3.7% 15.8% 24.6% -2.2% 12.3% 48.2% · 10.3% -324.7%
Payout Ratio 4-point trend, -0.34 · · · · · -33.6% 24.6% · · 0.00% 0.00%
Annual Payout 5-point trend, +41000000.00 · · · · · $41M $72M $0 · $0 $0

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

Income Statement
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
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 1.21.10.40.51.0
Current Ratio 1.92.11.92.12.1
Quick Ratio 0.50.50.60.60.6
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-1.02B$-590M$1.62B$1.48B$2.08B

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Institutional owners (13F) 682 filers · $3.5B total · As of June 30, 2026

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.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
116 (+18 vs prior Q) 71 (-10 vs prior Q) 184 (-16 vs prior Q) 196 (+15 vs prior Q) +65.5M

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
STATE STREET CORP $312,203,565 33,248,516 8.96% Shares
Slate Path Capital LP $266,770,661 28,410,081 7.65% Shares
VANGUARD CAPITAL MANAGEMENT LLC $242,227,172 25,796,291 6.95% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $236,512,719 25,187,723 6.79% Shares
TWO SIGMA INVESTMENTS, LP $142,731,700 15,200,394 4.10% Shares
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN $139,904,173 14,899,273 4.01% Shares
DIMENSIONAL FUND ADVISORS LP $111,214,869 11,843,970 3.19% Shares
GEODE CAPITAL MANAGEMENT, LLC $77,857,924 8,287,991 2.23% Shares
PointState Capital LP $61,805,224 6,582,026 1.77% Shares
CITADEL ADVISORS LLC $60,284,739 6,420,100 1.73% Call option
MILLENNIUM MANAGEMENT LLC $59,829,052 6,371,571 1.72% Shares
Avala Global LP $58,324,952 6,211,390 1.67% Shares
Assenagon Asset Management S.A. $56,544,974 6,021,829 1.62% Shares
Kinetic Partners Management, LP $56,510,898 6,018,200 1.62% Shares
GOLDMAN SACHS GROUP INC $49,654,513 5,288,021 1.42% Shares
Encompass Capital Advisors LLC $48,016,939 5,113,625 1.38% Shares
BNP PARIBAS FINANCIAL MARKETS $46,276,831 4,928,310 1.33% Shares
NEUBERGER BERMAN GROUP LLC $44,224,693 4,710,207 1.27% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $42,597,613 4,536,487 1.22% Shares
TWO SIGMA ADVISERS, LP $38,630,564 2,908,928 1.11% Shares
Drexel Morgan & Co. $37,560,000 4,000,000 1.08% Shares
Qube Research & Technologies Ltd $37,328,846 3,975,383 1.07% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $34,688,895 3,694,238 1.00% Shares
VANGUARD FIDUCIARY TRUST CO $33,897,440 3,609,951 0.97% Shares
Balyasny Asset Management L.P. $30,124,237 3,208,119 0.86% Shares
Maple Rock Capital Partners Inc. $28,950,844 3,083,157 0.83% Shares
JANE STREET GROUP, LLC $27,833,838 2,964,200 0.80% Call option
Squarepoint Ops LLC $27,139,138 2,890,217 0.78% Shares
Apis Capital Advisors, LLC $23,850,600 2,540,000 0.68% Shares
EASTERLY INVESTMENT PARTNERS LLC $22,693,085 2,416,729 0.65% Shares
Yaupon Capital Management LP $22,021,343 2,345,191 0.63% Shares
Douglas Lane & Associates, LLC $21,670,819 2,307,862 0.62% Shares
Point72 Asset Management, L.P. $21,478,508 2,287,381 0.62% Shares
CITADEL ADVISORS LLC $21,231,729 2,261,100 0.61% Put option
PEAK6 LLC $20,097,417 2,140,300 0.58% Call option
BANK OF AMERICA CORP /DE/ $19,615,842 2,089,014 0.56% Shares
BARCLAYS PLC $19,159,187 2,040,382 0.55% Shares
CAPITAL FUND MANAGEMENT S.A. $18,934,437 2,016,447 0.54% Shares
UBS Group AG $17,377,134 1,850,600 0.50% Call option
WOLVERINE TRADING, LLC $15,341,232 1,194,800 0.44% Call option
Hodges Capital Management Inc. $15,268,950 1,626,086 0.44% Shares
NORGES BANK $14,877,000 1,584,345 0.43% Shares
MILLENNIUM MANAGEMENT LLC $14,568,585 1,551,500 0.42% Call option
RHUMBLINE ADVISERS $14,064,269 1,497,797 0.40% Shares
Engineers Gate Manager LP $13,220,679 1,407,953 0.38% Shares
JANE STREET GROUP, LLC $13,164,780 1,402,000 0.38% Put option
Cubist Systematic Strategies, LLC $13,161,360 1,078,800 0.38% Call option
LPL Financial LLC $13,086,254 1,393,637 0.38% Shares
GOLDMAN SACHS GROUP INC $12,725,328 1,355,200 0.37% Call option
ALGERT GLOBAL LLC $12,666,406 1,348,925 0.36% Shares
PRINCIPAL FINANCIAL GROUP INC $12,103,118 1,288,937 0.35% Shares
Cubist Systematic Strategies, LLC $11,553,400 947,000 0.33% Put option
Gotham Asset Management, LLC $11,291,916 1,202,547 0.32% Shares
MARSHALL WACE, LLP $11,261,849 1,199,345 0.32% Shares
Robinhood Asset Management, LLC $10,804,864 1,150,678 0.31% Shares
Swiss National Bank $10,747,428 1,144,561 0.31% Shares
BlackRock, Inc. $10,590,014 1,127,797 0.30% Shares
SEGALL BRYANT & HAMILL, LLC $10,436,469 1,111,445 0.30% Shares
Allianz Asset Management GmbH $10,299,910 1,096,902 0.30% Shares
Walleye Capital LLC $10,197,033 1,085,946 0.29% Shares
Parallax Volatility Advisers, L.P. $9,850,110 1,049,000 0.28% Call option
D. E. Shaw & Co., Inc. $9,645,408 1,027,200 0.28% Put option
LMR Partners LLP $9,590,007 1,021,300 0.28% Put option
LMR Partners LLP $9,590,007 1,021,300 0.28% Call option
MASTERS CAPITAL MANAGEMENT LLC $9,390,000 1,000,000 0.27% Call option
CastleKnight Management LP $9,373,098 998,200 0.27% Shares
NOMURA HOLDINGS INC $8,920,500 950,000 0.26% Put option
Point72 Asset Management, L.P. $8,742,090 931,000 0.25% Call option
MORGAN STANLEY $8,647,293 920,904 0.25% Shares
SFE Investment Counsel $8,561,764 911,796 0.25% Shares
Sonora Investment Management Group, LLC $7,623,183 624,851 0.22% Shares
IMC-Chicago, LLC $7,127,470 759,049 0.20% Shares
AXQ CAPITAL, LP $7,116,193 757,848 0.20% Shares
FIRST TRUST ADVISORS LP $7,106,323 756,797 0.20% Shares
FIRST NATIONAL BANK OF OMAHA $6,670,783 710,981 0.19% Shares
Yaupon Capital Management LP $6,573,000 700,000 0.19% Call option
VANGUARD GROUP INC $6,312,303 475,324 0.18% Shares
FMR LLC $6,205,325 660,844 0.18% Shares
California Public Employees Retirement System $6,128,421 652,654 0.18% Shares
TOWLE & CO $6,090,617 648,628 0.17% Shares
Fisher Asset Management, LLC $6,017,468 640,838 0.17% Shares
CITADEL ADVISORS LLC $5,922,048 630,676 0.17% Shares
TUDOR INVESTMENT CORP ET AL $5,889,708 627,232 0.17% Shares
Old West Investment Management, LLC $5,784,446 616,022 0.17% Shares
ALLIANCEBERNSTEIN L.P. $5,781,034 684,146 0.17% Shares
Point72 Asset Management, L.P. $5,648,085 601,500 0.16% Put option
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $5,595,421 662,180 0.16% Shares
Retirement Systems of Alabama $5,539,818 589,970 0.16% Shares
Gallagher Fiduciary Advisors, LLC $5,487,477 584,396 0.16% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,415,213 576,700 0.16% Call option
WOLVERINE TRADING, LLC $5,406,924 421,100 0.16% Put option
Aquatic Capital Management LLC $5,374,122 572,324 0.15% Shares
AMERIPRISE FINANCIAL INC $5,278,682 562,160 0.15% Shares
VANGUARD ASSET MANAGEMENT, Ltd $5,180,942 551,751 0.15% Shares
READYSTATE ASSET MANAGEMENT LP $5,156,838 549,184 0.15% Shares
Walleye Trading LLC $5,095,014 542,600 0.15% Call option
Focus Partners Wealth $4,872,067 518,857 0.14% Shares
JB Capital LLC $4,790,395 510,159 0.14% Shares
Dayah Capital LLC $4,695,000 500,000 0.13% Put option
D. E. Shaw & Co., Inc. $4,665,891 496,900 0.13% Call option

Company insiders 77 insiders · 40 officers · 37 directors

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 July 1, 2026 A 127,354 0 0 $0
Jane M. Cronin Director July 1, 2026 A 78,356 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

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

Activists & 5%+ owners 14 positions

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.

ETF ownership Held by 76 ETFs

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
FXZ · First Trust Exchange-Traded AlphaDE… 1.92% 721,274 NS April 30, 2026 N-PORT
PYZ · Invesco Exchange-Traded Fund Trust 1.78% 113,535 SH Aug. 8, 2026 Daily
RFV · Invesco Exchange-Traded Fund Trust 1.21% 336,053 SH Aug. 8, 2026 Daily
RWK · Invesco Exchange-Traded Fund Trust … 0.74% 810,247 SH Aug. 8, 2026 Daily
IYM · iShares Trust 0.69% 560,257 SH Aug. 8, 2026 Daily
PAVE · Global X Funds 0.42% 4,179,105 NS May 31, 2026 N-PORT
PICK · iShares, Inc. 0.42% 784,697 SH Aug. 8, 2026 Daily
IJJ · iShares Trust 0.40% 2,901,488 SH Aug. 8, 2026 Daily
FMAT · FIDELITY COVINGTON TRUST 0.37% 220,193 NS April 30, 2026 N-PORT
GTOS · Invesco Actively Managed Exchange-T… 0.36% 431,000 Aug. 8, 2026 Daily
VAW · VANGUARD WORLD FUND 0.35% 1,673,722 SH Aug. 8, 2026 Daily
MIDE · DBX ETF Trust 0.31% 768 NS May 29, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.31% 489,780 SH Aug. 8, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.25% 20,042 NS April 30, 2026 N-PORT
IFRA · iShares Trust 0.25% 941,699 SH Aug. 8, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.24% 135,151 NS May 31, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.23% 83,116 SH Aug. 8, 2026 Daily
XJH · iShares Trust 0.22% 77,216 SH Aug. 8, 2026 Daily
ISCV · iShares Trust 0.22% 125,095 SH Aug. 8, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.22% 148,865 SH Aug. 8, 2026 Daily
IJH · iShares Trust 0.19% 19,681,314 SH Aug. 8, 2026 Daily
DFVE · DoubleLine ETF Trust 0.19% 6,011 NS March 31, 2026 N-PORT
AVIE · AMERICAN CENTURY ETF TRUST 0.18% 1,374 NS May 31, 2026 N-PORT
PTMC · Pacer Funds Trust 0.17% 65,533 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.17% 19,713 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.16% 2,742,330 NS May 31, 2026 N-PORT
IVOO · VANGUARD ADMIRAL FUNDS 0.15% 922,680 SH Aug. 8, 2026 Daily
SCHM · SCHWAB STRATEGIC TRUST 0.14% 1,541,828 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.13% 1,743,220 NS April 30, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.13% 924,806 NS April 30, 2026 N-PORT
UMDD · ProShares Trust 0.12% 2,751 NS May 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.12% 9,446 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 222,181 NS April 30, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.11% 8,306,151 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.11% 25,547 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.10% 242,622 SH Aug. 8, 2026 Daily
SMMD · iShares Trust 0.09% 282,260 SH Aug. 8, 2026 Daily
FNDX · SCHWAB STRATEGIC TRUST 0.09% 1,697,017 NS May 31, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.08% 81,555 NS May 31, 2026 N-PORT
SMDX · Tidal Trust III 0.08% 10,071 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.07% 856,860 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.06% 34,295 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.06% 6,541,525 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.06% 13,083,527 SH Aug. 8, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.06% 458,944 SH Aug. 8, 2026 Daily
TILT · FlexShares Trust 0.05% 107,184 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.05% 102,612 NS May 31, 2026 N-PORT
IWR · iShares Trust 0.05% 2,308,349 SH Aug. 8, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.04% 32,076 SH Aug. 8, 2026 Daily
GTO · Invesco Actively Managed Exchange-T… 0.04% 1,208,000 Aug. 8, 2026 Daily