For the quarter ending 2026-03-31, CLF made $4,922M in revenue. -$237M in net income. Net profit margin of -4.82%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues | 4,922 | 4,313 | 4,734 | 4,934 |
| Acquisition-related costs | 0 | 1* | 0 | - |
| Asset impairment | 0 | - | 0 | 39 |
| Cost of goods sold | 5,004 | 4,527 | 4,780 | 5,143 |
| Asset impairment | - | 0* | - | - |
| Selling, general and administrative expenses | 125 | 143 | 130 | 137 |
| Goodwill impairment | - | 0* | - | - |
| Restructuring and other charges | 0 | -6 | 3 | 86 |
| Miscellaneous net | -6 | 13 | -25 | -27 |
| Total operating costs | 5,135 | 4,652 | 4,938 | 5,432 |
| Operating loss | -213 | -339 | -204 | -498 |
| Other non-operating income | 0 | 23 | 1 | -14 |
| Loss on extinguishment of debt | 0 | -10 | 0 | 0 |
| Interest expense, net | -148 | -152 | -153 | -149 |
| Net periodic benefit credits other than service cost component | -64 | -66 | -57 | -43 |
| Changes in fair value of derivatives, net | -10 | -35 | -10 | - |
| Total other expense | -94 | -108 | -105 | -120 |
| Loss from continuing operations before income taxes | -307 | -447 | -309 | -618 |
| Income tax benefit | -81 | -208 | -78 | -148 |
| Loss from continuing operations | -226 | -245* | -231 | - |
| Gain from discontinued operations, net of tax | -3 | 4* | -3 | - |
| Net loss | -229 | -241 | -234 | -470 |
| Net income attributable to noncontrolling interests | 8 | 8 | 17 | 13 |
| Net loss attributable to cliffs shareholders | -237 | -249 | -251 | -483 |
| Basic EPS | -0.42 | -0.455 | -0.51 | - |
| Diluted EPS | -0.42 | -0.455 | -0.51 | - |
| Basic Average Shares | 570,000,000 | 547,000,000 | 495,000,000 | 495,000,000 |
| Diluted Average Shares | 570,000,000 | 547,000,000 | 495,000,000 | 495,000,000 |
CLEVELAND-CLIFFS INC. (CLF)
CLEVELAND-CLIFFS INC. (CLF)