For the year ending 2025-12-31, CLF made $18,610M in revenue. -$1,478M in net income. Net profit margin of -7.94%.
| 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 EPS | -2.91 | -1.57 | 0.78 | 2.57 |
| Diluted EPS | -2.91 | -1.57 | 0.78 | 2.55 |
| Basic Average Shares | 508,000,000 | 480,000,000 | 510,000,000 | 519,000,000 |
| Diluted Average Shares | 508,000,000 | 480,000,000 | 511,000,000 | 524,000,000 |
CLEVELAND-CLIFFS INC. (CLF)
CLEVELAND-CLIFFS INC. (CLF)