stockrowCleveland-Cliffs Inc.
CLF Basic Materials Steel
Cleveland-Cliffs Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.6 billion, down 3.00% from fiscal 2024.
- Revenue
- +18.6%
- EPS
- +152.9%
- Free cash flow
- +124.0%
- Total debt
- −4.90%
Quarter to September 2026, against a year earlier
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Cleveland-Cliffs Inc. (CLF) Debt to equity
Cleveland-Cliffs Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.3×, up 0.1× from fiscal 2025 (1.1×). Over the past ten years it has ranged from −5.2× (fiscal 2017) to 5.9× (fiscal 2019); the current reading is higher than 73% of that period. That is above the Steel industry median of 0.3× and above the Basic Materials sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.1× | 11.50% |
| FY2024 | 1.0× | 166.39% |
| FY2023 | 0.4× | (26.91%) |
| FY2022 | 0.5× | (41.75%) |
| FY2021 | 0.9× | (60.60%) |
| FY2020 | 2.3× | (61.01%) |
| FY2019 | 5.9× | 19.68% |
| FY2018 | 4.9× | — |
| FY2017 | −5.2× | — |
| FY2016 | −1.6× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.3× | (3.22%) |
| Jun 2026 | 1.3× | 2.66% |
| Mar 2026 | 1.3× | 12.43% |
| Dec 2025 | 1.1× | (18.56%) |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| SIM Grupo Simec, S.A. de C.V. compare | 0.0× |
| TX Ternium S.A. compare | 0.2× |
| RS Reliance, Inc. compare | 0.2× |
| MT ArcelorMittal compare | 0.3× |
| GGB Gerdau S.A. compare | 0.3× |
| PKX POSCO Holdings Inc. compare | 0.3× |
| STLD Steel Dynamics, Inc. compare | 0.4× |
| CLF Cleveland-Cliffs Inc. | 1.3× |
| WS Worthington Steel, Inc. compare | 1.4× |
| Steel industry median | 0.3× |
| Basic Materials sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on CLF
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement