Income Statement - CLEVELAND-CLIFFS INC. (CLF)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 18,610.00 | 19,185.00 | 21,996.00 | 22,989.00 | 20,444.00 | 5,354.00 | 1,989.90 | 2,332.40 | 2,330.20 | 2,109.00 | 2,013.30 | 4,623.70 | 5,691.40 | 5,872.70 | 6,794.30 | 4,682.20 | 2,342.00 | 3,609.10 | 2,275.20 | 1,921.70 |
| Cost of revenue | 19,373.00 | 19,115.00 | 20,605.00 | 20,471.00 | 15,910.00 | 5,102.00 | 1,414.20 | 1,522.80 | 1,820.60 | 1,719.70 | 1,776.80 | 4,172.30 | 4,542.10 | 4,700.60 | 4,105.70 | 3,158.70 | 2,033.10 | 2,449.40 | 1,813.20 | 1,507.70 |
| Gross profit | -763.00 | 70.00 | 1,391.00 | 2,518.00 | 4,534.00 | 252.00 | 575.70 | 809.60 | 509.60 | 389.30 | 236.50 | 451.40 | 1,149.30 | 1,172.10 | 2,688.60 | 1,523.50 | 308.90 | 1,159.70 | 462.00 | 414.00 |
| Total operating expenses | 593.00 | 826.00 | 714.00 | 575.00 | 502.00 | 394.00 | 146.40 | 136.40 | 77.40 | 149.40 | 85.20 | 755.60 | 104.10 | 282.50 | 354.90 | 258.50 | 120.70 | 188.60 | 83.60 | 52.30 |
| Operating income | -1,356.00 | -756.00 | 677.00 | 1,939.00 | 4,012.00 | -142.00 | 429.30 | 673.20 | 431.50 | 240.80 | 151.30 | -9,426.00 | 671.00 | -308.80 | 2,333.70 | 1,265.00 | 230.20 | 938.90 | 378.40 | 361.70 |
| Non-operating income (net) | -648.00 | -187.00 | -80.00 | -143.00 | -209.00 | -51.00 | -116.70 | -108.50 | -294.20 | -33.80 | 161.80 | -158.40 | -181.70 | -193.00 | -92.20 | 33.20 | 60.40 | -222.60 | 2.30 | 26.10 |
| Income before tax | -2,004.00 | -943.00 | 597.00 | 1,796.00 | 3,803.00 | -193.00 | 312.60 | 564.70 | 137.30 | 207.00 | 313.10 | -9,584.40 | 489.30 | -501.80 | 2,241.50 | 1,298.20 | 290.60 | 716.30 | 380.70 | 387.80 |
| Income tax expense | -581.00 | -235.00 | 148.00 | 423.00 | 773.00 | -111.00 | 17.60 | -475.20 | -252.40 | -12.20 | 169.30 | -1,317.90 | 55.10 | 255.90 | 420.10 | 292.00 | 20.80 | 144.20 | 84.10 | 90.90 |
| Net income | -1,478.00 | -754.00 | 399.00 | 1,335.00 | 2,988.00 | -122.00 | 292.80 | 1,128.10 | 374.90 | 174.10 | -749.30 | -7,189.00 | 413.50 | -899.40 | 1,619.10 | 1,019.90 | 205.10 | 515.80 | 270.00 | 280.10 |
Show Quarterly Income Statement
Income Statement - CLEVELAND-CLIFFS INC. (CLF)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 4,922.00 | 4,313.00 | 4,734.00 | 4,934.00 | 4,629.00 | 4,325.00 | 4,569.00 | 5,092.00 | 5,199.00 | 5,112.00 | 5,605.00 | 5,984.00 | 5,295.00 | 5,044.00 | 5,653.00 | 6,337.00 | 5,955.00 | 5,346.00 | 6,004.00 | 5,045.00 | 4,049.00 | 2,256.00 | 1,646.00 | 1,092.70 | 359.10 | 534.10 | 555.60 | 743.20 | 157.00 | 696.30 | 741.80 | 714.30 | 239.00 | 600.90 | 698.40 | 569.30 | 461.60 | 754.00 | 553.30 | 496.20 | 305.50 | 476.00 | 593.20 | 498.10 | 446.00 | 1,284.70 | 1,298.20 | 1,100.80 | 940.00 | 1,515.80 | 1,546.60 | 1,488.50 | 1,140.50 | 1,535.90 | 1,544.90 | 1,626.00 | 1,264.70 | 1,662.50 | 2,142.80 | 1,805.80 | 1,183.20 | 1,424.20 | 1,346.00 | 1,184.30 | 727.70 | 820.50 | 666.40 | 390.30 | 464.80 | 916.30 | 1,189.70 | 1,008.60 | 494.40 | 782.50 | 619.60 | 547.60 | 325.50 | 549.00 | 580.10 | 489.20 | 306.40 |
| Cost of revenue | 5,004.00 | 4,504.00 | 4,780.00 | 5,143.00 | 5,020.00 | 4,598.00 | 4,673.00 | 4,930.00 | 4,914.00 | 4,944.00 | 5,125.00 | 5,340.00 | 5,196.00 | 5,104.00 | 5,305.00 | 5,356.00 | 4,706.00 | 4,072.00 | 4,229.00 | 3,848.00 | 3,761.00 | 2,013.00 | 1,525.40 | 1,207.50 | 356.00 | 407.20 | 400.70 | 480.20 | 126.10 | 494.30 | 480.20 | 429.80 | 242.60 | 492.30 | 538.20 | 424.20 | 365.90 | 572.50 | 467.90 | 404.70 | 274.60 | 432.70 | 538.10 | 440.80 | 365.20 | 1,116.00 | 1,170.70 | 1,008.80 | 876.80 | 1,221.30 | 1,197.90 | 1,220.30 | 902.60 | 1,297.40 | 1,346.60 | 1,176.70 | 961.20 | 1,113.40 | 1,306.10 | 1,101.40 | 584.50 | 941.90 | 869.50 | 774.50 | 577.70 | 645.50 | 563.20 | 402.00 | 422.40 | 630.40 | 824.70 | 582.30 | 412.00 | 619.20 | 512.30 | 418.00 | 263.70 | 451.60 | 447.60 | 357.50 | 251.00 |
| Gross profit | -82.00 | -191.00 | -46.00 | -209.00 | -391.00 | -273.00 | -104.00 | 162.00 | 285.00 | 168.00 | 480.00 | 644.00 | 99.00 | -60.00 | 348.00 | 981.00 | 1,249.00 | 1,274.00 | 1,775.00 | 1,197.00 | 288.00 | 243.00 | 120.60 | -115.00 | 3.00 | 126.90 | 154.90 | 263.00 | 30.90 | 202.00 | 261.60 | 284.50 | -3.60 | 108.60 | 160.20 | 145.10 | 95.70 | 181.50 | 85.40 | 91.50 | 30.90 | 43.30 | 55.10 | 57.30 | 80.80 | 168.70 | 127.50 | 92.00 | 63.20 | 294.50 | 348.70 | 268.20 | 237.90 | 238.50 | 198.30 | 449.30 | 303.50 | 549.10 | 836.70 | 704.40 | 598.70 | 482.30 | 476.50 | 409.80 | 150.00 | 175.00 | 103.20 | -11.70 | 42.40 | 285.90 | 365.00 | 426.30 | 82.40 | 163.30 | 107.30 | 129.60 | 61.80 | 97.40 | 132.50 | 131.70 | 55.40 |
| Total operating expenses | 125.00 | 131.00 | 130.00 | 289.00 | 147.00 | 192.00 | 155.00 | 156.00 | 323.00 | 268.00 | 155.00 | 161.00 | 130.00 | 122.00 | 161.00 | 141.00 | 155.00 | 155.00 | 126.00 | 130.00 | 111.00 | 135.90 | 83.00 | 93.00 | 82.00 | 45.20 | 33.30 | 36.20 | 31.70 | 38.80 | 36.10 | 30.30 | 31.20 | 3.30 | 29.10 | 29.50 | 13.80 | 49.80 | 50.70 | 16.80 | 31.20 | 18.80 | 25.90 | 31.60 | 8.90 | 134.30 | 399.00 | 44.20 | 50.80 | 277.80 | 124.70 | 6.20 | 69.60 | 101.20 | 122.00 | 84.00 | 81.80 | 221.10 | 14.30 | 58.20 | 61.30 | 85.70 | 87.30 | 44.00 | 46.00 | -1.40 | 28.60 | -136.90 | 31.00 | 48.50 | 26.10 | 26.90 | 39.80 | 24.40 | 25.40 | 16.90 | 16.90 | 13.70 | 16.90 | 15.30 | 9.20 |
| Operating income | -207.00 | -322.00 | -176.00 | -498.00 | -538.00 | -465.00 | -259.00 | 6.00 | -38.00 | -100.00 | 325.00 | 483.00 | -31.00 | -182.00 | 187.00 | 840.00 | 1,094.00 | 1,119.00 | 1,649.00 | 1,067.00 | 177.00 | 107.00 | 38.00 | -208.00 | -79.00 | 81.70 | 121.60 | 226.80 | -0.80 | 163.20 | 225.50 | 254.20 | -40.00 | 105.30 | 129.70 | 114.60 | 81.90 | 131.70 | 34.70 | 74.70 | -0.30 | 24.50 | 29.20 | 25.70 | 71.90 | -1,604.40 | -7,759.10 | -11.70 | -50.70 | 16.70 | 224.00 | 262.00 | 168.30 | -970.10 | 76.30 | 365.30 | 221.70 | 328.00 | 822.40 | 616.90 | 537.40 | 396.60 | 389.20 | 365.80 | 104.00 | 169.80 | 74.60 | -17.30 | 11.40 | 237.40 | 338.90 | 399.40 | 42.60 | 138.90 | 81.90 | 112.70 | 44.90 | 83.70 | 115.60 | 116.40 | 46.20 |
| Non-operating income (net) | -100.00 | -117.00 | -133.00 | -120.00 | -92.00 | -105.00 | -47.00 | -12.00 | -23.00 | -8.00 | -22.00 | -25.00 | -25.00 | -4.00 | -12.00 | -83.00 | -44.00 | -7.00 | -34.00 | -57.00 | -111.00 | -47.00 | -58.00 | 76.00 | -22.00 | -23.80 | -25.00 | -43.40 | -25.00 | -28.70 | -25.20 | -26.60 | -29.10 | -28.00 | -116.70 | -35.50 | -114.00 | -42.10 | -66.90 | -46.90 | 122.10 | -59.90 | 17.40 | -65.70 | 270.00 | -34.00 | -40.30 | -42.60 | -41.50 | -44.30 | -45.90 | -43.50 | -48.00 | -58.20 | -43.90 | -47.60 | -34.10 | -5.40 | -56.90 | -27.70 | 24.90 | 5.50 | 20.30 | -14.10 | 65.20 | -16.40 | 6.80 | 70.40 | -8.70 | -211.90 | -95.30 | 6.80 | -1.60 | -7.10 | -2.20 | 4.50 | 5.60 | 11.60 | 9.10 | 1.40 | 3.80 |
| Income before tax | -307.00 | -439.00 | -309.00 | -618.00 | -630.00 | -570.00 | -306.00 | -6.00 | -61.00 | -108.00 | 303.00 | 458.00 | -56.00 | -186.00 | 175.00 | 757.00 | 1,050.00 | 1,112.00 | 1,615.00 | 1,010.00 | 66.00 | 60.00 | -20.00 | -132.00 | -101.00 | 57.90 | 96.60 | 183.40 | -25.80 | 134.50 | 200.30 | 227.60 | -69.10 | 77.30 | 13.00 | 79.10 | -32.10 | 89.60 | -32.20 | 27.80 | 121.80 | -35.40 | 46.60 | -40.00 | 341.90 | -1,638.40 | -7,799.40 | -54.30 | -92.20 | -27.60 | 178.10 | 218.50 | 120.30 | -1,028.30 | 32.40 | 317.70 | 187.60 | 322.60 | 765.50 | 589.20 | 562.30 | 402.10 | 409.50 | 351.70 | 169.20 | 153.40 | 81.40 | 53.10 | 2.70 | 25.50 | 243.60 | 406.20 | 41.00 | 131.80 | 79.70 | 117.20 | 50.50 | 95.30 | 124.70 | 117.80 | 50.00 |
| Income tax expense | -81.00 | -206.00 | -78.00 | -148.00 | -147.00 | -136.00 | -76.00 | -15.00 | -8.00 | 30.00 | 29.00 | 102.00 | -13.00 | 19.00 | 10.00 | 157.00 | 237.00 | 214.00 | 334.00 | 216.00 | 9.00 | -13.00 | -21.90 | -25.00 | -50.90 | -5.50 | 4.80 | 22.00 | -3.70 | -489.60 | 0.50 | -1.80 | 15.70 | -245.60 | -7.60 | 2.60 | -1.80 | -10.50 | -7.10 | -2.10 | 7.50 | -0.60 | -3.40 | -1.80 | 175.10 | -305.60 | -921.40 | -69.10 | -21.80 | -13.90 | 65.70 | 9.30 | -6.00 | 491.10 | -64.00 | 42.90 | -210.80 | 107.80 | 17.80 | 151.90 | 142.00 | 14.00 | 115.70 | 99.30 | 72.30 | 35.40 | 1.90 | -17.60 | 1.10 | -29.40 | 52.00 | 107.40 | 14.30 | 27.30 | 17.50 | 25.80 | 13.50 | 20.10 | 31.30 | 29.60 | 9.90 |
| Net income | -237.00 | -243.00 | -251.00 | -483.00 | -495.00 | -447.00 | -242.00 | 2.00 | -67.00 | -155.00 | 264.00 | 347.00 | -57.00 | -214.00 | 152.00 | 596.00 | 801.00 | 893.00 | 1,274.00 | 780.00 | 41.00 | 64.00 | -10.00 | -123.90 | -52.10 | 63.20 | 90.90 | 160.80 | -22.10 | 609.50 | 437.80 | 165.10 | -84.30 | 317.80 | 53.40 | 31.80 | -28.10 | 79.10 | -25.80 | 12.80 | 108.00 | -60.30 | 10.60 | 60.20 | -759.80 | -1,249.90 | -5,879.60 | 10.90 | -70.30 | 43.30 | 117.20 | 146.00 | 107.00 | -1,618.30 | 85.10 | 258.00 | 375.80 | 198.50 | 589.50 | 407.70 | 423.40 | 393.30 | 297.40 | 260.70 | 93.50 | 108.20 | 58.80 | 45.20 | -7.40 | 53.90 | 174.90 | 270.20 | 16.70 | 93.70 | 56.90 | 86.90 | 32.50 | 70.00 | 89.10 | 83.10 | 37.90 |