Cleveland-Cliffs Inc (CLF) FinancialsCLFCleveland-Cliffs Inc

Cleveland-Cliffs Inc (CLF) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Automotive, accounting for 30.6% of total sales, equivalent to $1.51B. Other significant revenue streams include Distributors and converters and Infrastructure and manufacturing. Understanding this composition is critical for investors evaluating how CLF navigates market cycles within the Iron & Steel industry.

Evaluating the bottom line, Cleveland-Cliffs Inc maintains a gross margin of 2.53%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -0.82%, while the net margin is -2.53%. These profitability ratios, combined with a Return on Equity (ROE) of -15.16%, provide a clear picture of how effectively CLF converts its operational activities into shareholder value.

In the context of the broader market, CLF competes directly with industry leaders such as SID and CMC. With a market capitalization of $6.79B, it holds a significant position in the sector. When comparing efficiency, CLF's gross margin of 2.53% stands against SID's 25.78% and CMC's 18.33%. Such benchmarking helps identify whether Cleveland-Cliffs Inc is trading at a premium or discount relative to its financial performance.

Cleveland-Cliffs has shown a gross margin improvement to 2.53% in Q2 2026, up from negative margins in previous quarters, indicating a positive trend in operational efficiency. However, it has reported consistent net losses, with a net income of -145 million in Q2 2026.