Cleveland-Cliffs Inc.
CLFBasic MaterialsNASDAQSteel · Last scanned May 30, 2026
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Daily timeframeHeadquartered within the basic materials sector, Cleveland-Cliffs Inc. focuses on Steel services and products. Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. With a market capitalization of $7.76B, it sits in mid-cap territory. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products.
Market Cap
$7.76B
Beta
2.01
P/E (TTM)
—
P/E (Fwd)
30.99
EPS (TTM)
$-2.31
EPS (Fwd)
$0.44
ROE
-18.6%
ROA
-2.7%
Cash
$45.0M
Total Debt
$7.78B
Free CF
-$60.5M
52W Change
89.4%
Annual Financials
Cash vs Debt
Cleveland-Cliffs Inc. carries $7.78B in total debt against $45.0M in cash reserves — debt is roughly 173.0x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$60.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -18.6%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has pulled back from $22.99B (2022) to $18.61B (2025), a 19% decline worth watching.
Cleveland-Cliffs Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Cleveland-Cliffs Inc. and its sector.