Cleveland Cliffs Net Income

CLF Stock  USD 10.38  0.38  3.53%   
As of the 17th of February 2026, Cleveland Cliffs shows the risk adjusted performance of 0.0271, and Mean Deviation of 2.88. Cleveland Cliffs technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Cleveland Cliffs downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Cleveland Cliffs is priced correctly, providing market reflects its regular price of 10.38 per share. Given that Cleveland Cliffs has jensen alpha of (0.03), we suggest you to validate Cleveland Cliffs's prevailing market performance to make sure the company can sustain itself at a future point.

Cleveland Cliffs Total Revenue

19.54 Billion

Cleveland Cliffs' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Cleveland Cliffs' valuation are provided below:
Gross Profit
-860 M
Profit Margin
(0.08)
Market Capitalization
5.9 B
Enterprise Value Revenue
0.7048
Revenue
18.6 B
There are over one hundred nineteen available fundamental signals for Cleveland Cliffs, which can be analyzed over time and compared to other ratios. Active traders should verify all of Cleveland Cliffs prevailing fundamental drivers against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. The Cleveland Cliffs' current Market Cap is estimated to increase to about 11.5 B. The Cleveland Cliffs' current Enterprise Value is estimated to increase to about 16.9 B This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Last ReportedProjected for Next Year
Net Loss-1.4 B-1.4 B
Net Loss-1.5 B-1.4 B
Net Loss-1.4 B-1.4 B
Net Loss(1.81)(1.72)
Net Income Per E B T 0.74  0.66 
The Cleveland Cliffs' current Net Loss is estimated to increase to about (1.4 B). The Cleveland Cliffs' current Net Loss is estimated to increase to about (1.4 B).
  
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The Net Income trend for Cleveland Cliffs offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether Cleveland Cliffs is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.

Latest Cleveland Cliffs' Net Income Growth Pattern

Below is the plot of the Net Income of Cleveland Cliffs over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Cleveland Cliffs financial statement analysis. It represents the amount of money remaining after all of Cleveland Cliffs operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Cleveland Cliffs' Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cleveland Cliffs' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported (1.43 B)10 Years Trend
Very volatile
   Net Income   
       Timeline  

Cleveland Net Income Regression Statistics

Arithmetic Mean(226,541,176)
Coefficient Of Variation(937.11)
Mean Deviation1,307,594,464
Median174,100,000
Standard Deviation2,122,949,903
Sample Variance4506916.3T
Range10.2B
R-Value0.07
Mean Square Error4782414.2T
R-Squared0.01
Significance0.78
Slope30,294,608
Total Sum of Squares72110660.6T

Cleveland Net Income History

2026-1.4 B
2025-1.5 B
2024-754 M
2023399 M
20221.3 B
2021B
2020-122 M

Other Fundumenentals of Cleveland Cliffs

Cleveland Cliffs Net Income component correlations

Cleveland Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for Cleveland Cliffs is extremely important. It helps to project a fair market value of Cleveland Stock properly, considering its historical fundamentals such as Net Income. Since Cleveland Cliffs' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cleveland Cliffs' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cleveland Cliffs' interrelated accounts and indicators.
Can Metals & Mining industry sustain growth momentum? Does Cleveland have expansion opportunities? Factors like these will boost the valuation of Cleveland Cliffs. Projected growth potential of Cleveland fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Cleveland Cliffs demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
(0.99)
Earnings Share
(2.90)
Revenue Per Share
36.634
Quarterly Revenue Growth
(0)
Return On Assets
(0.04)
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Cleveland Cliffs' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Cleveland Cliffs should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Cleveland Cliffs' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.

Cleveland Cliffs 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cleveland Cliffs' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cleveland Cliffs.
0.00
11/19/2025
No Change 0.00  0.0 
In 2 months and 31 days
02/17/2026
0.00
If you would invest  0.00  in Cleveland Cliffs on November 19, 2025 and sell it all today you would earn a total of 0.00 from holding Cleveland Cliffs or generate 0.0% return on investment in Cleveland Cliffs over 90 days. Cleveland Cliffs is related to or competes with Gerdau SA, Ternium SA, Commercial Metals, Eastman Chemical, B2Gold Corp, Hudbay Minerals, and First Majestic. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America More

Cleveland Cliffs Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cleveland Cliffs' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cleveland Cliffs upside and downside potential and time the market with a certain degree of confidence.

Cleveland Cliffs Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cleveland Cliffs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cleveland Cliffs' standard deviation. In reality, there are many statistical measures that can use Cleveland Cliffs historical prices to predict the future Cleveland Cliffs' volatility.
Hype
Prediction
LowEstimatedHigh
6.2910.4014.51
Details
Intrinsic
Valuation
LowRealHigh
7.4511.5615.67
Details
12 Analysts
Consensus
LowTargetHigh
12.2013.4114.89
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.1-0.020.06
Details

Cleveland Cliffs February 17, 2026 Technical Indicators

Cleveland Cliffs Backtested Returns

Cleveland Cliffs secures Sharpe Ratio (or Efficiency) of -0.0109, which signifies that the company had a -0.0109 % return per unit of standard deviation over the last 3 months. Cleveland Cliffs exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cleveland Cliffs' mean deviation of 2.88, and Risk Adjusted Performance of 0.0271 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.94, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cleveland Cliffs will likely underperform. At this point, Cleveland Cliffs has a negative expected return of -0.0453%. Please make sure to confirm Cleveland Cliffs' treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Cleveland Cliffs performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Cleveland Cliffs has very weak reverse predictability. Overlapping area represents the amount of predictability between Cleveland Cliffs time series from 19th of November 2025 to 3rd of January 2026 and 3rd of January 2026 to 17th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cleveland Cliffs price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Cleveland Cliffs price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.18
Residual Average0.0
Price Variance1.53
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Cleveland Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

1.57 Billion

At this time, Cleveland Cliffs' Accumulated Other Comprehensive Income is most likely to increase significantly in the upcoming years.
Based on the recorded statements, Cleveland Cliffs reported net income of (1.43 Billion). This is much higher than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The net income for all United States stocks is significantly higher than that of the company.

Cleveland Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cleveland Cliffs' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cleveland Cliffs could also be used in its relative valuation, which is a method of valuing Cleveland Cliffs by comparing valuation metrics of similar companies.
Cleveland Cliffs is currently under evaluation in net income category among its peers.

Cleveland Cliffs ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Cleveland Cliffs' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cleveland Cliffs' managers, analysts, and investors.
Environmental
Governance
Social

Cleveland Cliffs Institutional Holders

Institutional Holdings refers to the ownership stake in Cleveland Cliffs that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of Cleveland Cliffs' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cleveland Cliffs' value.
Shares
Bnp Paribas Arbitrage, Sa2025-06-30
6.3 M
Norges Bank2025-06-30
5.8 M
Drexel Morgan & Company, Llc2025-06-30
5.5 M
Turiya Advisors Asia Ltd2025-06-30
5.2 M
Charles Schwab Investment Management Inc2025-06-30
5.1 M
Millennium Management Llc2025-06-30
4.6 M
Jump Financial Llc2025-06-30
4.6 M
Marshall Wace Asset Management Ltd2025-06-30
4.6 M
Northern Trust Corp2025-06-30
3.9 M
Blackrock Inc2025-06-30
49.5 M
Vanguard Group Inc2025-06-30
48 M

Cleveland Fundamentals

About Cleveland Cliffs Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Cleveland Cliffs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cleveland Cliffs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cleveland Cliffs based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Can Metals & Mining industry sustain growth momentum? Does Cleveland have expansion opportunities? Factors like these will boost the valuation of Cleveland Cliffs. Projected growth potential of Cleveland fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Cleveland Cliffs demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
(0.99)
Earnings Share
(2.90)
Revenue Per Share
36.634
Quarterly Revenue Growth
(0)
Return On Assets
(0.04)
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Cleveland Cliffs' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Cleveland Cliffs should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Cleveland Cliffs' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.