Cleveland-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

11.35 1.49 −11.60%
Market cap
$6.4B
P/E
0.0×
Fwd P/E
216×
Dividend yield
—
F-score
2/9
Altman Z
1.12
Beneish M
n/a
Dividend safety
n/a

Cleveland-Cliffs Inc. (CLF) Shares outstanding

Alert me on Shares outstanding

Cleveland-Cliffs Inc.'s shares outstanding at the end of fiscal 2025 was $508.0M, up 5.83% from $480.0M in fiscal 2024. At the end of the quarter to 30 September 2026 it was $574.0M. Over the past ten years it has ranged from $153.6M (fiscal 2015) to $558.0M (fiscal 2021); the current reading is higher than 73% of that period. Cleveland-Cliffs Inc. ranks 4th of 17 Steel companies by shares outstanding.

Shares outstanding, annual

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Annual newest first

Period Shares outstanding Change
FY2025 $508.0M 5.83%
FY2024 $480.0M (6.07%)
FY2023 $511.0M (2.48%)
FY2022 $524.0M (6.09%)
FY2021 $558.0M 47.23%
FY2020 $379.0M 33.45%
FY2019 $284.0M (6.58%)
FY2018 $304.0M 3.77%
FY2017 $293.0M 46.37%
FY2016 $200.1M 30.30%

Quarterly newest first

Period Shares outstanding Change
Sep 2026 $574.0M 0.53%
Jun 2026 $571.0M 0.18%
Mar 2026 $570.0M 12.20%
Dec 2025 $508.0M 2.63%
43 more quarters

Against its own ten years

Low $153.6M High $558.0M
Ten-year median $379.0M
Current reading's percentile 73

Shares outstanding against peers

What Shares outstanding is

Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.

Reported line item

The full definition of Shares outstanding →

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