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 22nd 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.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| CLF | CLEVELAND-CLIFFS INC. | 2026-02-18 03:16:30 | 10.8 | 0.28 | 2.66 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLF | 0000764065 | CLEVELAND-CLIFFS INC. | US1858991011 | 549300TM2WLI2BJMDD86 | 341464672 | NYSE | 1000 | Metal Mining | 1231 | OH | 200 PUBLIC SQUARE | CLEVELAND | OH | 44114-2315 | UNITED STATES | US | 216-694-5700 | 200 PUBLIC SQUARE, CLEVELAND, OH, 44114-2315 | 200 PUBLIC SQUARE, CLEVELAND, OH, 44114-2315 | CLIFFS NATURAL RESOURCES INC. | Steel | 1847 | — | 30,000 | http://clevelandcliffs.com | 3,695,647,401 | 606,051,530 | 570,390,499 | 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 22nd 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. | 2026-02-12 16:15:57 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 3,695,647,401 | -3,381,671,130 | -47.7818 | 570,390,499 | 75,909,224 | 15.3513 |
| 2024 | 7,077,318,531 | -1,313,307,452 | -15.6521 | 494,481,275 | -3,808,201 | -0.7643 |
| 2023 | 8,390,625,983 | 546,567,854 | 6.9679 | 498,289,476 | -16,497,828 | -3.2048 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Lourenco Goncalves | CEO, Chairman, President | 2024 | 2,201,000 | 0 | 11,469,565 | 880,400 | 121,632 | 15,248,897 |
| Celso L. Goncalves Jr. | EVP, CFO | 2024 | 850,000 | 0 | 3,322,043 | 204,000 | 62,339 | 4,494,082 |
| Lourenco Goncalves | CEO, Chairman, President | 2023 | 2,116,000 | 0 | 11,860,431 | 10,150,235 | 112,655 | 26,183,928 |
| Celso L. Goncalves Jr. | EVP, CFO | 2023 | 750,000 | 0 | 3,152,903 | 1,555,254 | 72,357 | 5,740,614 |
| Celso L. Goncalves Jr. | EVP, CFO | 2022 | 660,000 | 0 | 2,167,293 | 714,669 | 71,197 | 3,613,159 |
| Fiscal Year | Employee Count |
|---|---|
| 2025 | 25,000 |
| 2024 | 30,000 |
| 2023 | 28,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 18,610,000,000 | 19,185,000,000 | 21,996,000,000 |
| Cost Of Revenue | 19,470,000,000 | 19,115,000,000 | 20,605,000,000 |
| Gross Profit | — | — | — |
| Research And Development Expenses | — | — | — |
| General And Administrative Expenses | 543,000,000 | 486,000,000 | 577,000,000 |
| Operating Expenses | 20,189,000,000 | 19,941,000,000 | 21,319,000,000 |
| Operating Income | -1,579,000,000 | -756,000,000 | 677,000,000 |
| Net Income | -1,478,000,000 | -754,000,000 | 399,000,000 |
| Earnings Per Share Basic | -2.91 | -1.57 | 0.78 |
| Earnings Per Share Diluted | -2.91 | -1.57 | 0.78 |
| Weighted Average Shares Outstanding Basic | 508,000,000 | 480,000,000 | 510,000,000 |
| Weighted Average Shares Outstanding Diluted | 508,000,000 | 480,000,000 | 511,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 57,000,000 | 54,000,000 | 198,000,000 |
| Marketable Securities Current | — | — | — |
| Accounts Receivable | 1,442,000,000 | 1,576,000,000 | 1,840,000,000 |
| Inventories | 4,772,000,000 | 5,094,000,000 | 4,460,000,000 |
| Non Trade Receivables | — | — | — |
| Other Assets Current | 164,000,000 | 183,000,000 | 138,000,000 |
| Total Assets Current | 6,435,000,000 | 6,907,000,000 | 6,636,000,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 9,481,000,000 | 9,942,000,000 | 8,895,000,000 |
| Other Assets Non Current | 678,000,000 | 733,000,000 | 672,000,000 |
| Total Assets Non Current | 13,577,000,000 | 14,040,000,000 | 10,901,000,000 |
| Total Assets | 20,012,000,000 | 20,947,000,000 | 17,537,000,000 |
| Accounts Payable | 1,893,000,000 | 2,008,000,000 | 2,099,000,000 |
| Deferred Revenue | — | — | — |
| Short Term Debt | 0 | 0 | 0 |
| Other Liabilities Current | 496,000,000 | 492,000,000 | 518,000,000 |
| Total Liabilities Current | 3,302,000,000 | 3,322,000,000 | 3,508,000,000 |
| Long Term Debt | 7,253,000,000 | 7,065,000,000 | 3,137,000,000 |
| Other Liabilities Non Current | 1,422,000,000 | 1,453,000,000 | 1,310,000,000 |
| Total Liabilities Non Current | 10,387,000,000 | 10,728,000,000 | 5,907,000,000 |
| Total Liabilities | 13,689,000,000 | 14,050,000,000 | 9,415,000,000 |
| Common Stock | 76,000,000 | 66,000,000 | 66,000,000 |
| Retained Earnings | -529,000,000 | 979,000,000 | 1,733,000,000 |
| Accumulated Other Comprehensive Income | 1,492,000,000 | 1,537,000,000 | 1,657,000,000 |
| Total Shareholders Equity | 6,116,000,000 | 6,664,000,000 | 7,887,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 1,235,000,000 | 951,000,000 | 973,000,000 |
| Share Based Compensation Expense | 43,000,000 | 37,000,000 | 31,000,000 |
| Other Non Cash Income Expense | -87,000,000 | -485,000,000 | -76,000,000 |
| Change In Accounts Receivable | -134,000,000 | -364,000,000 | -120,000,000 |
| Change In Inventories | -315,000,000 | 5,000,000 | -670,000,000 |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | -78,000,000 | -408,000,000 | 4,000,000 |
| Change In Other Liabilities | 18,000,000 | -44,000,000 | 130,000,000 |
| Cash From Operating Activities | -462,000,000 | 105,000,000 | 2,267,000,000 |
| Purchases Of Marketable Securities | — | — | — |
| Sales Of Marketable Securities | — | — | — |
| Acquisition Of Property Plant And Equipment | 561,000,000 | 695,000,000 | 646,000,000 |
| Acquisition Of Business | 0 | 2,512,000,000 | 0 |
| Other Investing Activities | -29,000,000 | 5,000,000 | -55,000,000 |
| Cash From Investing Activities | -479,000,000 | -3,212,000,000 | -591,000,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | 951,000,000 | — | 0 |
| Repurchase Of Common Stock | 0 | 737,000,000 | 153,000,000 |
| Issuance Of Long Term Debt | 1,983,000,000 | 3,221,000,000 | 750,000,000 |
| Repayment Of Long Term Debt | 685,000,000 | 845,000,000 | 0 |
| Other Financing Activities | -168,000,000 | -124,000,000 | -204,000,000 |
| Cash From Financing Activities | 942,000,000 | 2,970,000,000 | -1,504,000,000 |
| Change In Cash | 1,000,000 | -137,000,000 | 172,000,000 |
| Cash At End Of Period | 57,000,000 | 54,000,000 | 198,000,000 |
| Income Taxes Paid | 7,000,000 | 17,000,000 | 94,000,000 |
| Interest Paid | 459,000,000 | 255,000,000 | 256,000,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | -2.91 | -1.57 | 0.78 |
| Price To Earnings Ratio | -4.5636 | -5.9873 | 26.1795 |
| Earnings Growth Rate | 85.3503 | -301.2821 | -69.6498 |
| Price Earnings To Growth Ratio | -0.0535 | 0.0199 | -0.3759 |
| Book Value Per Share | 12.4469 | 14.3688 | 15.9255 |
| Price To Book Ratio | 1.0669 | 0.6542 | 1.2822 |
| Ebitda | -236,000,000 | 214,000,000 | 1,466,000,000 |
| Enterprise Value | 13,942,240,000 | 11,523,000,000 | 13,353,200,000 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 1.1859 | 1.0602 | 0.3977 |
| Capital Expenditures | 774,000,000 | 1,998,000,000 | 798,000,000 |
| Free Cash Flow | -1,236,000,000 | -1,893,000,000 | 1,469,000,000 |
| Return On Equity | -0.2417 | -0.1131 | 0.0506 |
| One Year Beta | 1.9896 | 1.3226 | 1.6265 |
| Three Year Beta | 1.7467 | 1.4839 | 1.547 |
| Five Year Beta | 1.6319 | 1.5409 | 1.6023 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Camara Edilson | Director | 2026-02-13 | 19,700 | A | 41,983 |
| GONCALVES LOURENCO | Director, Chairman, President & CEO | 2026-02-11 | 3,000,000 | D | 0 |
| GONCALVES LOURENCO | Director, Chairman, President & CEO | 2026-01-05 | 84,229 | D | 3,015,486 |
| Smith Clifford T | EVP & Chief Operating Officer | 2026-01-05 | 19,140 | D | 760,529 |
| Koci Keith | EVP & President, CC Services | 2026-01-05 | 15,947 | D | 527,528 |
| Name Of Reporting Person | Type Of Reporting Person | Report Date | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Thomas H Tuberville | Senator | 2024-06-14 | Purchase | 2024-05-10 | Joint | $1,001 - $15,000 |
| Thomas H Tuberville | Senator | 2024-06-14 | Purchase | 2024-05-10 | Joint | $1,001 - $15,000 |
| Thomas H Tuberville | Senator | 2024-06-14 | Sale (Full) | 2024-05-13 | Joint | $100,001 - $250,000 |
| Thomas H Tuberville | Senator | 2024-06-14 | Sale (Partial) | 2024-05-13 | Joint | $100,001 - $250,000 |
| Thomas H Tuberville | Senator | 2024-06-14 | Purchase | 2024-05-10 | Joint | $1,001 - $15,000 |
| Name Of Reporting Person | Report Date | State | Transaction Type | Transaction Date | Owner Type | Amount |
|---|---|---|---|---|---|---|
| Mike Kelly | 2024-06-14 | PA16 | Purchase | 2024-03-28 | Spouse | $50,001 - $100,000 |
| Daniel Goldman | 2023-08-13 | NY10 | Sale | 2023-06-29 | — | $1,001 - $15,000 |
| Daniel Goldman | 2023-05-19 | NY10 | Purchase | 2023-04-10 | — | $1,001 - $15,000 |
| Deborah K. Ross | 2021-04-30 | NC02 | Purchase | 2021-04-27 | Spouse | $15,001 - $50,000 |
| Warren Davidson | 2021-03-25 | OH08 | Exchange | 2020-03-16 | — | $15,001 - $50,000 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| WFA of San Diego, LLC | 2025-12-31 | 1,328 | 100 | 13.28 |
| Cetera Investment Advisers | 2025-12-31 | 3,176,662 | 239,206 | 13.28 |
| GUGGENHEIM CAPITAL LLC | 2025-12-31 | 491,068 | 36,978 | 13.28 |
| AQR CAPITAL MANAGEMENT LLC | 2025-12-31 | 1,342,612 | 101,367 | 13.2451 |
| Aequim Alternative Investments LP | 2025-12-31 | 2,656,000 | 200,000 | 13.28 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| EMPOWER FUNDS, INC. | 2025-12-31 | Institutional Class | MXUGX | 740,000 | 773,315.53 | 0.0557 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Investor Class | MXLMX | 740,000 | 773,315.53 | 0.0557 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Institutional Class | MXNZX | 262,843 | 3,490,555.07 | 0.2336 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Class L | MXBUX | 262,843 | 3,490,555.07 | 0.2336 |
| EMPOWER FUNDS, INC. | 2025-12-31 | Investor Class | MXMDX | 262,843 | 3,490,555.07 | 0.2336 |