Cleveland Cliffs Revenue vs. Net Income
| CLF Stock | USD 12.76 0.50 4.08% |
Total Revenue | First Reported 1985-09-30 | Previous Quarter 4.9 B | Current Value 4.7 B | Quarterly Volatility 1.6 B |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.004 | 0.0042 |
|
|
For Cleveland Cliffs profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cleveland Cliffs to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cleveland Cliffs utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cleveland Cliffs's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cleveland Cliffs over time as well as its relative position and ranking within its peers.
Cleveland | Build AI portfolio with Cleveland Stock |
Cleveland Cliffs' Revenue Breakdown by Earning Segment
Check out Trending Equities.
Cleveland Cliffs Revenue Breakdown by Earning Segment
By analyzing Cleveland Cliffs' earnings estimates, investors can diagnose different trends across Cleveland Cliffs' analyst sentiment over time as well as compare current estimates against different timeframes.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share (3.40) | Revenue Per Share | Quarterly Revenue Growth 0.036 | Return On Assets |
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cleveland Cliffs Net Income vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cleveland Cliffs's current stock value. Our valuation model uses many indicators to compare Cleveland Cliffs value to that of its competitors to determine the firm's financial worth. Cleveland Cliffs is rated second in revenue category among its peers. It is rated below average in net income category among its peers . At this time, Cleveland Cliffs' Total Revenue is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Cleveland Cliffs by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Cleveland Revenue vs. Competition
Cleveland Cliffs is rated second in revenue category among its peers. Market size based on revenue of Materials industry is currently estimated at about 131.44 Billion. Cleveland Cliffs retains roughly 19.18 Billion in revenue claiming about 15% of all equities under Materials industry.
Cleveland Net Income vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Cleveland Cliffs |
| = | 19.18 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Cleveland Cliffs |
| = | (754 M) |
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.
Cleveland Net Income Comparison
Cleveland Cliffs is currently under evaluation in net income category among its peers.
Cleveland Cliffs Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cleveland Cliffs, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cleveland Cliffs will eventually generate negative long term returns. The profitability progress is the general direction of Cleveland Cliffs' change in net profit over the period of time. It can combine multiple indicators of Cleveland Cliffs, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 1.8 B | 1.9 B | |
| Operating Income | -869.4 M | -825.9 M | |
| Income Before Tax | -1.1 B | -1 B | |
| Total Other Income Expense Net | -168.3 M | -176.7 M | |
| Net Loss | -867.1 M | -823.7 M | |
| Income Tax Expense | -270.2 M | -256.7 M | |
| Net Loss | -867.1 M | -823.7 M | |
| Net Loss | -814.2 M | -773.5 M | |
| Non Operating Income Net Other | 152.9 M | 160.6 M | |
| Interest Income | 425.5 M | 250.7 M | |
| Net Interest Income | -333 M | -349.6 M | |
| Change To Netincome | 100.8 M | 95.8 M | |
| Net Loss | (1.81) | (1.72) | |
| Income Quality | (0.13) | (0.12) | |
| Net Income Per E B T | 0.72 | 0.66 |
Cleveland Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cleveland Cliffs. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cleveland Cliffs position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cleveland Cliffs' important profitability drivers and their relationship over time.
Cleveland Cliffs Earnings Estimation Breakdown
The calculation of Cleveland Cliffs' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Cleveland Cliffs is estimated to be -0.055 with the future projection ranging from a low of -0.16 to a high of 0.0. Please be aware that this consensus of annual earnings estimates for Cleveland Cliffs is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
-0.16 Lowest | Expected EPS | 0.00 Highest |
Cleveland Cliffs Earnings Projection Consensus
Suppose the current estimates of Cleveland Cliffs' value are higher than the current market price of the Cleveland Cliffs stock. In this case, investors may conclude that Cleveland Cliffs is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Cleveland Cliffs' stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2026 | Current EPS (TTM) | |
| 12 | 69.16% | 0.0 | -0.055 | -3.4 |
Cleveland Cliffs Earnings per Share Projection vs Actual
Actual Earning per Share of Cleveland Cliffs refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Cleveland Cliffs predict the company's earnings will be in the future. The higher the earnings per share of Cleveland Cliffs, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Cleveland Cliffs Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Cleveland Cliffs, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Cleveland Cliffs should always be considered in relation to other companies to make a more educated investment decision.Cleveland Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Cleveland Cliffs' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
null | null | null | null | null | 0 | ||
2025-10-20 | 2025-09-30 | -0.45 | -0.45 | 0.0 | 0 | ||
2025-07-23 | 2025-06-30 | -0.71 | -0.98 | -0.27 | 38 | ||
2025-04-21 | 2025-03-31 | -0.83 | -0.92 | -0.09 | 10 | ||
2025-01-27 | 2024-12-31 | -0.6733 | -0.68 | -0.0067 | 0 | ||
2024-10-21 | 2024-09-30 | -0.23 | -0.52 | -0.29 | 126 | ||
2024-07-22 | 2024-06-30 | -0.02 | 0.0042 | 0.0242 | 121 | ||
2024-04-22 | 2024-03-31 | 0.22 | 0.18 | -0.04 | 18 | ||
2024-01-29 | 2023-12-31 | -0.06 | -0.05 | 0.01 | 16 | ||
2023-10-23 | 2023-09-30 | 0.43 | 0.52 | 0.09 | 20 | ||
2023-07-24 | 2023-06-30 | 0.69 | 0.67 | -0.02 | 2 | ||
2023-04-24 | 2023-03-31 | -0.19 | -0.11 | 0.08 | 42 | ||
2023-02-13 | 2022-12-31 | -0.3 | -0.41 | -0.11 | 36 | ||
2022-10-25 | 2022-09-30 | 0.55 | 0.29 | -0.26 | 47 | ||
2022-07-22 | 2022-06-30 | 1.32 | 1.13 | -0.19 | 14 | ||
2022-04-22 | 2022-03-31 | 1.41 | 1.5 | 0.09 | 6 | ||
2022-02-11 | 2021-12-31 | 2.12 | 1.69 | -0.43 | 20 | ||
2021-10-22 | 2021-09-30 | 2.26 | 2.33 | 0.07 | 3 | ||
2021-07-22 | 2021-06-30 | 1.52 | 1.32 | -0.2 | 13 | ||
2021-04-22 | 2021-03-31 | 0.33 | 0.19 | -0.14 | 42 | ||
2021-02-25 | 2020-12-31 | 0.22 | 0.04 | -0.18 | 81 | ||
2020-10-23 | 2020-09-30 | -0.09 | -0.03 | 0.06 | 66 | ||
2020-07-30 | 2020-06-30 | -0.5 | -0.28 | 0.22 | 44 | ||
2020-05-11 | 2020-03-31 | -0.16 | -0.19 | -0.03 | 18 | ||
2020-02-20 | 2019-12-31 | 0.24 | 0.25 | 0.01 | 4 | ||
2019-10-23 | 2019-09-30 | 0.24 | 0.33 | 0.09 | 37 | ||
2019-07-19 | 2019-06-30 | 0.52 | 0.57 | 0.05 | 9 | ||
2019-04-25 | 2019-03-31 | -0.14 | -0.07 | 0.07 | 50 | ||
2019-02-08 | 2018-12-31 | 0.6 | 1.98 | 1.38 | 230 | ||
2018-10-19 | 2018-09-30 | 0.66 | 0.64 | -0.02 | 3 | ||
2018-07-20 | 2018-06-30 | 0.52 | 0.55 | 0.03 | 5 | ||
2018-04-20 | 2018-03-31 | -0.22 | -0.21 | 0.01 | 4 | ||
2018-01-25 | 2017-12-31 | 0.17 | 0.23 | 0.06 | 35 | ||
2017-10-20 | 2017-09-30 | 0.32 | 0.18 | -0.14 | 43 | ||
2017-07-27 | 2017-06-30 | 0.17 | 0.11 | -0.06 | 35 | ||
2017-04-27 | 2017-03-31 | 0.17 | -0.11 | -0.28 | 164 | ||
2017-02-09 | 2016-12-31 | 0.23 | 0.34 | 0.11 | 47 | ||
2016-10-27 | 2016-09-30 | 0.17 | -0.12 | -0.29 | 170 | ||
2016-07-28 | 2016-06-30 | 0.02 | 0.07 | 0.05 | 250 | ||
2016-04-28 | 2016-03-31 | -0.1 | -0.33 | -0.23 | 230 | ||
2016-01-27 | 2015-12-31 | -0.26 | -0.14 | 0.12 | 46 | ||
2015-10-29 | 2015-09-30 | -0.23 | -0.35 | -0.12 | 52 | ||
2015-07-29 | 2015-06-30 | -0.11 | -0.21 | -0.1 | 90 | ||
2015-04-28 | 2015-03-31 | -0.19 | 0.02 | 0.21 | 110 | ||
2015-02-02 | 2014-12-31 | 0.14 | 1.0 | 0.86 | 614 | ||
2014-10-27 | 2014-09-30 | -0.04 | -0.23 | -0.19 | 475 | ||
2014-07-23 | 2014-06-30 | -0.08 | -0.01 | 0.07 | 87 | ||
2014-04-24 | 2014-03-31 | -0.24 | -0.54 | -0.3 | 125 | ||
2014-02-13 | 2013-12-31 | 0.78 | 0.2 | -0.58 | 74 | ||
2013-10-24 | 2013-09-30 | 0.71 | 0.66 | -0.05 | 7 | ||
2013-07-25 | 2013-06-30 | 0.59 | 1.14 | 0.55 | 93 | ||
2013-04-24 | 2013-03-31 | 0.34 | 0.6 | 0.26 | 76 | ||
2013-02-12 | 2012-12-31 | 0.53 | 0.41 | -0.12 | 22 | ||
2012-10-24 | 2012-09-30 | 1.05 | 0.61 | -0.44 | 41 | ||
2012-07-25 | 2012-06-30 | 1.77 | 1.63 | -0.14 | 7 | ||
2012-04-25 | 2012-03-31 | 1.1 | 0.85 | -0.25 | 22 | ||
2012-02-15 | 2011-12-31 | 1.52 | 1.42 | -0.1 | 6 | ||
2011-10-27 | 2011-09-30 | 3.68 | 4.07 | 0.39 | 10 | ||
2011-07-27 | 2011-06-30 | 3.71 | 2.92 | -0.79 | 21 | ||
2011-04-28 | 2011-03-31 | 2.22 | 3.11 | 0.89 | 40 | ||
2011-02-16 | 2010-12-31 | 2.16 | 2.82 | 0.66 | 30 | ||
2010-10-28 | 2010-09-30 | 2.58 | 2.18 | -0.4 | 15 | ||
2010-07-28 | 2010-06-30 | 2.06 | 1.92 | -0.14 | 6 | ||
2010-04-28 | 2010-03-31 | 0.52 | 0.55 | 0.03 | 5 | ||
2010-02-17 | 2009-12-31 | 0.39 | 0.75 | 0.36 | 92 | ||
2009-10-29 | 2009-09-30 | -0.03 | 0.45 | 0.48 | 1600 | ||
2009-07-29 | 2009-06-30 | -0.33 | -0.08 | 0.25 | 75 | ||
2009-04-29 | 2009-03-31 | -0.14 | -0.07 | 0.07 | 50 | ||
2009-02-25 | 2008-12-31 | 1.23 | 1.71 | 0.48 | 39 | ||
2008-10-29 | 2008-09-30 | 2.27 | 2.13 | -0.14 | 6 | ||
2008-07-30 | 2008-06-30 | 1.99 | 2.57 | 0.58 | 29 | ||
2008-05-05 | 2008-03-31 | 0.5 | 0.16 | -0.34 | 68 | ||
2008-02-21 | 2007-12-31 | 0.83 | 0.89 | 0.06 | 7 | ||
2007-11-01 | 2007-09-30 | 0.76 | 0.54 | -0.22 | 28 | ||
2007-07-26 | 2007-06-30 | 0.84 | 0.83 | -0.01 | 1 | ||
2007-06-08 | 2007-03-31 | 0.42 | 0.31 | -0.11 | 26 | ||
2007-02-21 | 2006-12-31 | 0.76 | 0.8 | 0.04 | 5 | ||
2006-10-25 | 2006-09-30 | 0.86 | 0.84 | -0.02 | 2 | ||
2006-07-26 | 2006-06-30 | 0.67 | 0.77 | 0.1 | 14 | ||
2006-04-26 | 2006-03-31 | 0.26 | 0.34 | 0.08 | 30 | ||
2006-02-15 | 2005-12-31 | 0.69 | 0.7 | 0.01 | 1 | ||
2005-10-26 | 2005-09-30 | 0.7 | 0.77 | 0.07 | 10 | ||
2005-07-27 | 2005-06-30 | 0.78 | 0.9 | 0.12 | 15 | ||
2005-04-27 | 2005-03-31 | 0.26 | 0.21 | -0.05 | 19 | ||
2005-02-16 | 2004-12-31 | 0.33 | 0.26 | -0.07 | 21 | ||
2004-10-27 | 2004-09-30 | 0.38 | 0.34 | -0.04 | 10 | ||
2004-07-28 | 2004-06-30 | 0.24 | 0.3 | 0.06 | 25 | ||
2004-04-28 | 2004-03-31 | 0.06 | -0.0201 | -0.0801 | 133 | ||
2004-02-04 | 2003-12-31 | -0.17 | -0.13 | 0.04 | 23 | ||
2003-07-30 | 2003-06-30 | -0.11 | -0.26 | -0.15 | 136 | ||
2003-04-23 | 2003-03-31 | -0.04 | 0.03 | 0.07 | 175 | ||
2003-01-29 | 2002-12-31 | 0.05 | 0.06 | 0.01 | 20 | ||
2002-10-23 | 2002-09-30 | 0.06 | 0.04 | -0.02 | 33 | ||
2002-07-24 | 2002-06-30 | -0.04 | 0.01 | 0.05 | 125 | ||
2002-04-24 | 2002-03-31 | -0.06 | -0.16 | -0.1 | 166 | ||
2002-01-30 | 2001-12-31 | -0.1 | -0.07 | 0.03 | 30 | ||
2001-10-24 | 2001-09-30 | -0.06 | -0.02 | 0.04 | 66 | ||
2001-07-25 | 2001-06-30 | 0.01 | -0.19 | -0.2 | 2000 | ||
2001-04-25 | 2001-03-31 | -0.04 | -0.12 | -0.08 | 200 | ||
2001-01-31 | 2000-12-31 | -0.02 | 0.0532 | 0.0732 | 366 | ||
2000-10-25 | 2000-09-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2000-07-26 | 2000-06-30 | 0.08 | 0.09 | 0.01 | 12 | ||
2000-04-19 | 2000-03-31 | -0.03 | -0.04 | -0.01 | 33 | ||
2000-01-20 | 1999-12-31 | 0.01 | 0.06 | 0.05 | 500 | ||
1999-10-20 | 1999-09-30 | 0.09 | -0.12 | -0.21 | 233 | ||
1999-07-21 | 1999-06-30 | 0.11 | 0.09 | -0.02 | 18 | ||
1999-04-21 | 1999-03-31 | -0.01 | 0.03 | 0.04 | 400 | ||
1999-01-21 | 1998-12-31 | 0.17 | 0.22 | 0.05 | 29 | ||
1998-10-21 | 1998-09-30 | 0.21 | 0.22 | 0.01 | 4 | ||
1998-07-22 | 1998-06-30 | 0.18 | 0.19 | 0.01 | 5 | ||
1998-04-20 | 1998-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
1998-01-23 | 1997-12-31 | 0.19 | 0.19 | 0.0 | 0 | ||
1997-10-23 | 1997-09-30 | 0.19 | 0.17 | -0.02 | 10 | ||
1997-07-22 | 1997-06-30 | 0.17 | 0.11 | -0.06 | 35 | ||
1997-04-17 | 1997-03-31 | 0.03 | 0.03 | 0.0 | 0 | ||
1997-01-21 | 1996-12-31 | 0.2 | 0.2 | 0.0 | 0 | ||
1996-10-22 | 1996-09-30 | 0.21 | 0.23 | 0.02 | 9 | ||
1996-07-18 | 1996-06-30 | 0.17 | 0.18 | 0.01 | 5 | ||
1996-04-17 | 1996-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
1996-01-25 | 1995-12-31 | 0.18 | 0.19 | 0.01 | 5 |
Use Cleveland Cliffs in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.Cleveland Cliffs Pair Trading
Cleveland Cliffs Pair Trading Analysis
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Cleveland Cliffs position
In addition to having Cleveland Cliffs in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Power Assets Thematic Idea Now
Power Assets
Large capitalization equities showing high long-term performance indicators and above average return expectations based on Macroaxis rating system. The Power Assets theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Power Assets Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
To fully project Cleveland Cliffs' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cleveland Cliffs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cleveland Cliffs' income statement, its balance sheet, and the statement of cash flows.
