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11.47 USD
EPS
-1.45
P/B
1.14
ROE
-13.86
Beta
2.11
Target Price
12.30 USD
Cleveland-Cliffs Inc. logo

Cleveland-Cliffs Inc.

🧾 Earnings Recap – Q2 2026

Shares surged 26.2% as the company demonstrated marked operational progress and raised forward EBITDA guidance, driven by recovering automotive volumes, better-than-expected pricing, and margin expansion.

  • Returned to positive free cash flow and tripled adjusted EBITDA from Q1 to Q2.
  • Third-quarter adjusted EBITDA guidance set at $575 million, implying more than doubling Q2 EBITDA.
  • Automotive steel shipments hit the highest level in two years, benefiting from reshoring and trade policies.
  • Margin improvements supported by higher prices, lower costs, and improved finishing line utilization.
  • Stelco contribution expected to support H2 results despite some finishing line weaknesses.
📅
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Key Metrics
Earnings dateOct. 19, 2026
EPS-1.45
Book Value9.82
Price to Book1.14
Debt/Equity132.74
% Insiders0.857%
Growth
Revenue Growth0.06%
Estimates
Forward P/E15.37
Forward EPS0.68
Target Mean Price12.30

DCF Valuation

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Currency: USD
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DCF Result

Fair Value (DCF)
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Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Cleveland-Cliffs Inc. Logo Cleveland-Cliffs Inc. Analysis (CLF)

United States Materials Official Website Stock

Is Cleveland-Cliffs Inc. a good investment? Cleveland-Cliffs Inc. (CLF) is currently trading at 11.47 USD. Market analysts have a consensus price target of 12.30 USD. This suggests a potential upside from current levels.

Earnings Schedule: Cleveland-Cliffs Inc. is expected to release its next earnings report on Oct. 19, 2026. The market consensus estimate for Forward EPS is 0.68.

Investor FAQ

Does Cleveland-Cliffs Inc. pay a dividend?

No, it does not currently pay a dividend.

What asset class is Cleveland-Cliffs Inc.?

Cleveland-Cliffs Inc. is classified as a Stock. You can compare it against 6 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 19, 2026. The company currently has a trailing EPS of -1.45.

Company Profile

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Exchange Ticker
FRA (Germany) C3K.F
MEX (Mexico) CLF.MX
STU (Germany) CVA.SG
FRA (Germany) CVA.F
LSE (United Kingdom) 0I0H.L
NYQ (United States) CLF
Trades
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2020
0.12 USD
April 15, 2020 0.0600
Jan. 15, 2020 0.0600
▸2019
0.22 USD
Oct. 15, 2019 0.0600
July 15, 2019 0.0600
April 15, 2019 0.0500
Jan. 15, 2019 0.0500
▸2014
0.60 USD
Dec. 1, 2014 0.1500
Sept. 2, 2014 0.1500
June 3, 2014 0.1500
March 3, 2014 0.1500
▸2013
0.60 USD
Dec. 2, 2013 0.1500
Sept. 3, 2013 0.1500
June 3, 2013 0.1500
March 1, 2013 0.1500
▸2012
2.16 USD
Dec. 3, 2012 0.6250
Aug. 31, 2012 0.6250
June 1, 2012 0.6250
March 1, 2012 0.2800
▸2011
0.84 USD
Dec. 1, 2011 0.2800
Sept. 1, 2011 0.2800
June 1, 2011 0.1400
March 1, 2011 0.1400
▸2010
0.51 USD
Dec. 1, 2010 0.1400
Sept. 1, 2010 0.1400
June 1, 2010 0.1390
March 1, 2010 0.0875
▸2009
0.26 USD
Dec. 1, 2009 0.0875
Sept. 1, 2009 0.0400
June 1, 2009 0.0400
March 2, 2009 0.0875
▸2008
0.39 USD
Dec. 1, 2008 0.0875
Sept. 2, 2008 0.0875
June 2, 2008 0.0440
March 3, 2008 0.1750
▸2007
0.50 USD
Dec. 3, 2007 0.1250
Sept. 4, 2007 0.1250
June 1, 2007 0.1250
March 1, 2007 0.1250
▸2006
0.75 USD
Dec. 1, 2006 0.1250
Sept. 1, 2006 0.0630
June 1, 2006 0.2500
June 1, 2006 0.0625
March 1, 2006 0.0500
March 1, 2006 0.2000
▸2005
0.75 USD
Dec. 1, 2005 0.2000
Dec. 1, 2005 0.0500
Sept. 1, 2005 0.0500
Sept. 1, 2005 0.2000
June 1, 2005 0.0250
June 1, 2005 0.1000
March 1, 2005 0.1000
March 1, 2005 0.0250
▸2004
0.03 USD
Dec. 1, 2004 0.0250
▸2001
0.45 USD
Dec. 3, 2001 0.0125
Dec. 3, 2001 0.1000
Sept. 4, 2001 0.1000
Sept. 4, 2001 0.0125
June 1, 2001 0.0125
June 1, 2001 0.1000
March 1, 2001 0.0125
March 1, 2001 0.1000
▸2000
1.69 USD
Dec. 1, 2000 0.3750
Dec. 1, 2000 0.0469
Sept. 1, 2000 0.0469
Sept. 1, 2000 0.3750
June 1, 2000 0.0469
June 1, 2000 0.3750
March 1, 2000 0.0469
March 1, 2000 0.3750
▸1999
1.69 USD
Dec. 1, 1999 0.3750
Dec. 1, 1999 0.0469
Sept. 1, 1999 0.0469
Sept. 1, 1999 0.3750
June 1, 1999 0.3750
June 1, 1999 0.0469
March 1, 1999 0.3750
March 1, 1999 0.0469
▸1998
1.63 USD
Dec. 1, 1998 0.3750
Dec. 1, 1998 0.0469
Sept. 1, 1998 0.0469
Sept. 1, 1998 0.3750
June 1, 1998 0.0469
June 1, 1998 0.3750
March 2, 1998 0.0406
March 2, 1998 0.3250
▸1997
1.46 USD
Dec. 1, 1997 0.0406
Dec. 1, 1997 0.3250
Sept. 2, 1997 0.0406
Sept. 2, 1997 0.3250
June 2, 1997 0.0406
June 2, 1997 0.3250
March 3, 1997 0.0406
March 3, 1997 0.3250
▸1996
1.46 USD
Dec. 27, 1996 0.0406
Dec. 27, 1996 0.3250
Sept. 10, 1996 0.0406
Sept. 10, 1996 0.3250
June 10, 1996 0.0406
June 10, 1996 0.3250
March 1, 1996 0.3250
March 1, 1996 0.0406
▸1995
1.46 USD
Dec. 27, 1995 0.3250
Dec. 27, 1995 0.0406
Sept. 8, 1995 0.3250
Sept. 8, 1995 0.0406
June 7, 1995 0.0406
June 7, 1995 0.3250
March 3, 1995 0.0406
March 3, 1995 0.3250
▸1994
1.04 USD
Dec. 27, 1994 0.3250
Dec. 27, 1994 0.0406
Sept. 9, 1994 0.3000
Sept. 9, 1994 0.0375
March 4, 1994 0.3000
March 4, 1994 0.0375
▸1993
1.39 USD
Dec. 27, 1993 0.0375
Dec. 27, 1993 0.3000
Sept. 10, 1993 0.0375
July 14, 1993 0.3358
June 9, 1993 0.0375
June 9, 1993 0.3000
March 5, 1993 0.3000
March 5, 1993 0.0375
▸1992
1.32 USD
Dec. 28, 1992 0.3000
Dec. 28, 1992 0.0375
Sept. 11, 1992 0.3000
Sept. 11, 1992 0.0375
June 8, 1992 0.0375
June 8, 1992 0.3000
March 6, 1992 0.0344
March 6, 1992 0.2750
▸1991
1.45 USD
Dec. 27, 1991 0.0344
Dec. 27, 1991 0.2750
Sept. 10, 1991 0.2750
Sept. 10, 1991 0.0344
June 10, 1991 0.2750
June 10, 1991 0.0344
March 8, 1991 0.5250
▸1990
0.90 USD
Dec. 28, 1990 0.2000
Dec. 28, 1990 0.0250
Sept. 7, 1990 0.2000
Sept. 7, 1990 0.0250
June 11, 1990 0.2000
June 11, 1990 0.0250
March 9, 1990 0.0250
March 9, 1990 0.2000
▸1989
0.25 USD
Dec. 28, 1989 0.0250
Dec. 28, 1989 0.2000
Sept. 11, 1989 0.0250
▸1973
0.02 USD
Feb. 23, 1973 0.0150
Stock Splits
Split Date Split Ratio to 1
Jan. 3, 2005 2:1
July 3, 2006 2:1
May 16, 2008 2:1
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