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Earnings transcript
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CLF
Cleveland-Cliffs Inc.
$8.4
0.13
(1.57%)
| Exchange: | NYSE |
| Market Cap: | 4.791B |
| Shares Outstanding: | 100.822M |
About The Company
| Sector: | Basic Materials | |||||
| Industry: | Steel | |||||
| CEO: | C. Lourenco Goncalves | |||||
| Full Time Employees: | 30000 | |||||
| Address: |
| |||||
| Website: | https://www.clevelandcliffs.com |
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 21,996,000 | 19,185,000 | 18,610,000 |
| Gross Profit | 1,391,000 | 70,000 | -763,000 |
| EBITDA | 1,859,000 | 378,000 | -45,000 |
| Operating Income | 677,000 | -756,000 | -1,356,000 |
| Net Income | 399,000 | -754,000 | -1,478,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 17,537,000 | 20,947,000 | 20,012,000 |
| Total Liabilities | 9,415,000 | 14,050,000 | 13,689,000 |
| Total Stockholders Equity | 7,887,000 | 6,664,000 | 6,116,000 |
| Total Debt | 3,137,000 | 7,065,000 | 7,253,000 |
| Cash and Cash Equivalents | 198,000 | 54,000 | 57,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,267,000 | 105,000 | -462,000 |
| Capital Expenditure | -646,000 | -695,000 | -561,000 |
| Free Cash Flow | 1,621,000 | -590,000 | -1,023,000 |
| Net Income | 450,000 | -708,000 | -1,428,000 |
| Net Change in Cash | 172,000 | -138,000 | 3,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 20,376,299.354 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 23,121,460.876 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 22,233,128.198 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,970,922.228 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,236,451.301 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,150,526.247 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 732,314.647 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 864,178.235 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 821,508.235 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 495,596.479 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 562,364.854 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 540,758.646 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.670 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.760 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.490 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Operational Scale and Market Position: Cleveland-Cliffs Inc. operates as a major flat-rolled steel producer in North America with a workforce of 30,000 employees, indicating a significant operational footprint. The company’s revenue of $19.19 billion in FY2024, predominantly from the U.S. market ($17.34 billion), underscores its strong domestic market presence within the steel industry.
- Recent Stock Performance Resilience: Despite broader market declines, CLF has shown short-term price resilience with gains of +1.1% (closing at $11.98) and +0.79% (closing at $11.48) on specific trading days in February 2025, alongside a notable 17.9% surge in a single session, reflecting investor confidence during volatile periods.
- Cost Reduction Initiatives: News reports highlight that CLF has benefited from actions to reduce costs, which could provide a buffer against declining steel prices and support margins amidst challenging market conditions, as noted in the Q4 earnings preview.
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Intrinsic Value Calculator
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Common questions about CLF valuation
Is Cleveland-Cliffs Inc. (CLF) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Cleveland-Cliffs Inc. (CLF) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CLF a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CLF trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CLF’s P/E ratio?
You can see CLF’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CLF?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CLF a good long-term investment?
Whether CLF fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CLF
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Daily snapshot
1.57
Trading Metrics:
| Open: | 8.08 | Previous Close: | 8.27 | |
| Day Low: | 8.05 | Day High: | 8.64 | |
| Year Low: | 5.63 | Year High: | 16.7 | |
| Price Avg 50: | 10.81 | Price Avg 200: | 11.31 | |
| Volume: | 14.151M | Average Volume: | 18.449M |
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Login — it's freeCLF full analysis
Welcome to MARKETSNAP’s SWOT analysis for Cleveland-Cliffs Inc., also known by its ticker CLF. If you’re looking to dig into the nitty-gritty of this steel and mining giant, you’ve come to the right place. We’re breaking down the strengths, weaknesses, opportunities, and threats for this company, with a focus on what matters to long-term investors like you. So, grab a coffee, let’s dive in, and figure out if Cleveland-Cliffs is a solid addition to your portfolio. First off, for those…
