Financial insights of CLF

MyFinsight

For the year ending 2025-12-31, CLF made $18,610M in revenue. -$1,478M in net income. Net profit margin of -7.94%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenues	18,610	19,185	21,996	22,989
Cost of goods sold	19,470	19,115	20,605	20,471
Selling, general and administrative expenses	543	486	577	465
Restructuring and other charges	86	129	-	-
Acquisition-related costs	1	44	12	4
Asset impairment	39	79	-	-
Goodwill impairment	0	0	125	-
Miscellaneous net	-50	-88	0	-110
Total operating costs	20,189	19,941	21,319	21,050
Operating income (loss)	-1,579	-756	677	1,939
Interest expense, net	-594	-370	-289	-276
Loss on extinguishment of debt	-10	-27	0	-75
Net periodic benefit credits other than service cost component	-223	-247	-204	-212
Changes in fair value of derivatives, net	-45	-	-	-
Other non-operating income	1	-37	5	-4
Total other expense	-425	-187	-80	-143
Income (loss) from continuing operations before income taxes	-2,004	-943	597	1,796
Income tax benefit (expense)	-581	-235	148	423
Income (loss) from continuing operations	-1,423	-708	449	1,373
Income (loss) from discontinued operations, net of tax	-5	0	1	3
Net income (loss)	-1,428	-708	450	1,376
Net income attributable to noncontrolling interests	50	46	51	41
Net income (loss) attributable to cliffs shareholders	-1,478	-754	399	1,335

Basic (in shares)	508,000,000	480,000,000	510,000,000	519,000,000
Diluted (in shares)	508,000,000	480,000,000	511,000,000	524,000,000
Earnings (loss) per common share attributable to cliffs common shareholders - basic (in dollars per share)	-2.91	-1.57	0.78	2.57
Earnings (loss) per common share attributable to cliffs common shareholders - diluted (in dollars per share)	-2.91	-1.57	0.78	2.55