Cleveland-Cliffs Inc. (CLF)

From the record

Cleveland-Cliffs Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Cleveland-Cliffs Inc.'s 10 filed years say what it did: revenue went from $1.6 billion in fiscal 2016 to $19 billion in fiscal 2025, up 31.8% a year; it rose in 5 of 9 years; the deepest fall was 19% from fiscal 2022 to fiscal 2025; net income was positive in 7 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Cleveland-Cliffs Inc.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 46% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 2 purchases of their own stock on the open market in the year to 2026-10-23, buying about $299 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Cleveland-Cliffs Inc. lost about 23 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 4 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 68 cents per dollar of assets, and net share issuance: its share count grew 5.8% over the year (the filed statements).

From the record

Cleveland-Cliffs Inc.'s standing among 24 graded names in its industry family: revenue of $19 billion in fiscal 2025 ranks in the top 20% by size; a net margin of -7.9% ranks in the top 44%; revenue growth of -6.8% a year over the last 3 filed years ranks in the bottom 41% (its annual reports).

From the record

Cleveland-Cliffs Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Goncalves, Lourenco (Chairman, President & CEO, as filed), filing under that title since 2014-08-15, 12.2 years (top 4% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 6.7 years (top 35%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 36%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Cleveland-Cliffs Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $57 million against debt of $7.3 billion leaves -36% of its assets as net cash, bottom 8% of its family; cash from operations less capital spending is -5.5% of revenue (bottom 45%); a gross margin of -4.6% (bottom 3%) (its annual report).

From the record

Cleveland-Cliffs Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.8% a year over the last three filed years against 31.8% over all 10, slowing (bottom 13% of its family); the newest year grew -3% (bottom 33%); capital spending grew -15.9% a year (bottom 34%) (its annual reports). Cleveland-Cliffs Inc. reported 2 lines of business in fiscal 2025: Steelmaking at $18 billion (97%), Other Businesses at $657 million (4%); 1 of 2 grew against the year before (its annual report).

From the record

Cleveland-Cliffs Inc.'s newest year against its own record: revenue of $19 billion in fiscal 2025 came in 6.2% above the $18 billion its prior three years' pace pointed to (bottom 39% of its family); net income of $1.5 billion against a prior three-year average of $320 million (bottom 3%); a net margin of -7.9% against 1.2% before (bottom 42%) (its annual reports).