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
Follow CLF
Alert me
Cleveland-Cliffs Inc. (CLF) Return on invested capital
Cleveland-Cliffs Inc.'s return on invested capital over the twelve months to 30 September 2026 was −1.30%, up 6.0 percentage points from fiscal 2025 (−7.30%). Over the past ten years it has ranged from −7.30% (fiscal 2025) to 27.7% (fiscal 2017) — the current reading is the lowest in ten years. That is below the Steel industry median of 3.18% and below the Basic Materials sector median of 0.96%.
Return on invested capital, annual
Embed this chart
Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | −7.30% | (3.86) |
| FY2024 | −3.44% | (7.16) |
| FY2023 | 3.72% | (6.16) |
| FY2022 | 9.88% | (12.99) |
| FY2021 | 22.9% | 24.03 |
| FY2020 | −1.16% | (13.81) |
| FY2019 | 12.7% | (12.18) |
| FY2018 | 24.8% | (2.83) |
| FY2017 | 27.7% | 11.99 |
| FY2016 | 15.7% | (0.02) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| STLD Steel Dynamics, Inc. compare | 12.4% |
| RS Reliance, Inc. compare | 10.5% |
| SIM Grupo Simec, S.A. de C.V. compare | 10.0% |
| TX Ternium S.A. compare | 5.65% |
| GGB Gerdau S.A. compare | 4.96% |
| MT ArcelorMittal compare | 2.52% |
| PKX POSCO Holdings Inc. compare | 1.66% |
| WS Worthington Steel, Inc. compare | 0.11% |
| CLF Cleveland-Cliffs Inc. | −1.30% |
| Steel industry median | 3.18% |
| Basic Materials sector median | 0.96% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement