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Cleveland-Cliffs stock: growth
CLFCleveland-Cliffs reported $18.61B in revenue for fiscal 2025, down 3% on the prior year, down 2.3% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
12.7%
per year from 2006 to 2025, per share 2.7%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 28.3% | 24.9% | 12.7% |
| Revenue per share | 21.8% | 11.1% | 2.7% |
| Earnings | no data | no data | no data |
| Earnings per share | no data | no data | no data |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $1.92B | $280.1M | $295.6M |
| 2007 | $2.28B | $270M | $89.4M |
| 2008 | $3.61B | $515.8M | $670.7M |
| 2009 | $2.34B | $205.1M | $69.4M |
| 2010 | $4.68B | $1.02B | $1.05B |
| 2011 | $6.79B | $1.62B | $1.5B |
| 2012 | $5.87B | −$899.4M | −$613M |
| 2013 | $5.69B | $413.5M | $284.3M |
| 2014 | $4.62B | −$7.19B | $74.8M |
| 2015 | $2.01B | −$749.3M | −$58.1M |
| 2016 | $2.11B | $174.1M | $233.9M |
| 2017 | $2.33B | $374.9M | $186.4M |
| 2018 | $2.33B | $1.13B | $182.4M |
| 2019 | $1.99B | $292.8M | −$93.5M |
| 2020 | $5.35B | −$122M | −$786M |
| 2021 | $20.44B | $2.99B | $2.08B |
| 2022 | $22.99B | $1.34B | $1.48B |
| 2023 | $22B | $399M | $1.59B |
| 2024 | $19.19B | −$754M | −$590M |
| 2025 | $18.61B | −$1.48B | −$1.02B |
Revenue by region
Where Cleveland-Cliffs Inc. generates its revenue.
- United States85%
- Canada11%
- Other4%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| United States | $1.85B | $1.51B | $4.58B | $18.88B | $20.99B | $20B | $17.34B | $15.89B | 85.4% |
| Canada | $395.1M | $448.1M | $602M | $803M | $963M | $1.05B | $1.07B | $2.07B | 11.1% |
| Other | $90M | $36.6M | $172M | $760M | $1.04B | $950M | $778M | $652M | 3.5% |
| Total revenue | $2.33B | $1.99B | $5.35B | $20.44B | $22.99B | $22B | $19.19B | $18.61B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 30 Apr 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.