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    CLEVELAND-CLIFFS INC.

    Company overview

    Market capitalization
    $6.40B
    Employees
    25,000
    Latest publication
    2026-09-29
    About CLEVELAND-CLIFFS INC.

    Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. 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. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ2 20222022-06-30 · USDQ4 20212021-12-31 · USDQ3 20212021-09-30 · USDQ4 20192019-12-31 · USDQ3 20192019-09-30 · USDQ2 20192019-06-30 · USDQ1 20192019-03-31 · USD
    Total Revenue5,226,000,000USD6,337,000,000USD5,346,000,000USD6,004,000,000USD534,100,000USD555,600,000USD743,200,000USD157,000,000USD
    Cost Of Revenue5,094,000,000USD5,356,000,000USD4,072,000,000USD4,229,000,000USD407,200,000USD400,700,000USD480,200,000USD126,100,000USD
    Gross Profit132,000,000USD981,000,000USD1,274,000,000USD1,775,000,000USD126,900,000USD154,900,000USD263,000,000USD30,900,000USD
    Selling General Administrative154,000,000USD107,000,000USD111,000,000USD112,000,000USD37,200,000USD25,500,000USD30,600,000USD28,100,000USD
    Other Operating Expenses3,000,000USD———————
    Total Operating Expenses181,000,000USD141,000,000USD155,000,000USD126,000,000USD45,200,000USD33,300,000USD36,200,000USD31,700,000USD
    Operating Income-49,000,000USD840,000,000USD1,119,000,000USD1,649,000,000USD81,700,000USD121,600,000USD226,800,000USD-800,000USD
    Total Other Income Expense Net-103,000,000USD-83,000,000USD-7,000,000USD-34,000,000USD-23,800,000USD-25,000,000USD-43,400,000USD-25,000,000USD
    Income Before Tax-152,000,000USD757,000,000USD1,112,000,000USD1,615,000,000USD57,900,000USD96,600,000USD183,400,000USD-25,800,000USD
    Income Tax Expense-20,000,000USD157,000,000USD214,000,000USD334,000,000USD-5,500,000USD4,800,000USD22,000,000USD-3,700,000USD
    Discontinued Operations-2,000,000USD1,000,000USD1,000,000USD1,000,000USD-200,000USD-900,000USD-600,000USD-600,000USD
    Net Income-134,000,000USD596,000,000USD893,000,000USD1,274,000,000USD63,200,000USD90,900,000USD160,800,000USD-22,100,000USD
    Minority Interest11,000,000USD-5,000,000USD6,000,000USD-8,000,000USD327,800,000USD327,800,000USD327,800,000USD—
    Net Income Applicable To Common Shares-145,000,000USD596,000,000USD893,000,000USD1,274,000,000USD63,200,000USD90,900,000USD160,800,000USD-22,100,000USD
    Unclassified Operating Expenses—34,000,000USD44,000,000USD14,000,000USD8,000,000USD7,800,000USD5,600,000USD3,600,000USD
    Interest Income—64,000,000USD79,000,000USD81,000,000USD24,700,000USD25,300,000USD26,100,000USD25,100,000USD
    Interest Expense—64,000,000USD79,000,000USD81,000,000USD24,700,000USD25,300,000USD26,100,000USD25,100,000USD
    Net Interest Income—-64,000,000USD-79,000,000USD-81,000,000USD-24,700,000USD-25,300,000USD-26,100,000USD-25,100,000USD
    Tax Provision—157,000,000USD214,000,000USD334,000,000USD-5,500,000USD4,800,000USD22,000,000USD-3,700,000USD
    Net Income From Continuing Ops—600,000,000USD898,000,000USD1,281,000,000USD63,400,000USD91,800,000USD161,400,000USD-22,100,000USD
    Ebit—890,000,000USD1,191,000,000USD1,696,000,000USD82,600,000USD121,900,000USD226,700,000USD-700,000USD
    Ebitda—1,140,000,000USD1,426,000,000USD1,937,000,000USD104,600,000USD144,100,000USD247,700,000USD19,200,000USD
    Depreciation And Amortization—250,000,000USD235,000,000USD241,000,000USD22,000,000USD22,200,000USD21,000,000USD19,900,000USD
    Reconciled Depreciation—250,000,000USD233,000,000USD239,000,000USD22,000,000USD22,200,000USD21,000,000USD19,900,000USD
    Non Operating Income Net Other—-19,000,000USD72,000,000USD47,000,000USD900,000USD300,000USD-17,300,000USD100,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20192019-12-31 · USDFY 20182018-12-31 · USDFY 20152015-12-31 · USDFY 20002000-12-31 · USDFY 19991999-12-31 · USDFY 19981998-12-31 · USDFY 19971997-12-31 · USDFY 19961996-12-31 · USD
    Total Revenue1,989,900,000USD2,332,400,000USD2,013,300,000USD430,100,000USD361,400,000USD493,800,000USD438,900,000USD503,200,000USD
    Cost Of Revenue1,414,200,000USD1,522,800,000USD1,776,800,000USD354,600,000USD296,500,000USD377,700,000USD335,600,000USD375,300,000USD
    Gross Profit575,700,000USD809,600,000USD236,500,000USD75,500,000USD64,900,000USD116,100,000USD103,300,000USD127,900,000USD
    Selling General Administrative119,400,000USD116,800,000USD110,000,000USD18,700,000USD16,100,000USD18,700,000USD17,100,000USD16,700,000USD
    Unclassified Operating Expenses27,000,000USD19,600,000USD-24,800,000USD25,600,000USD22,500,000USD20,300,000USD18,900,000USD17,600,000USD
    Total Operating Expenses146,400,000USD136,400,000USD85,200,000USD44,300,000USD38,600,000USD39,000,000USD36,000,000USD34,300,000USD
    Operating Income429,300,000USD673,200,000USD151,300,000USD31,200,000USD26,300,000USD77,100,000USD67,300,000USD93,600,000USD
    Interest Income101,200,000USD118,900,000USD228,500,000USD—————
    Interest Expense101,000,000USD118,900,000USD228,500,000USD0USD0USD0USD0USD0USD
    Net Interest Income-101,200,000USD-118,900,000USD——————
    Income Before Tax312,600,000USD564,700,000USD313,100,000USD16,600,000USD4,700,000USD71,800,000USD72,600,000USD95,500,000USD
    Income Tax Expense17,600,000USD-475,200,000USD169,300,000USD-1,500,000USD-100,000USD14,400,000USD17,700,000USD34,500,000USD
    Tax Provision17,600,000USD-475,200,000USD169,300,000USD—————
    Net Income292,800,000USD1,128,100,000USD-749,300,000USD18,100,000USD4,800,000USD57,400,000USD54,900,000USD61,000,000USD
    Net Income From Continuing Ops294,500,000USD1,039,900,000USD143,700,000USD—————
    Ebit413,300,000USD687,000,000USD541,600,000USD31,000,000USD19,200,000USD77,100,000USD84,100,000USD93,600,000USD
    Ebitda498,400,000USD776,000,000USD675,600,000USD56,600,000USD41,700,000USD97,400,000USD103,000,000USD111,200,000USD
    Depreciation And Amortization85,100,000USD89,000,000USD134,000,000USD25,600,000USD22,500,000USD20,300,000USD18,900,000USD17,600,000USD
    Reconciled Depreciation85,100,000USD89,000,000USD——————
    Total Other Income Expense Net-116,700,000USD-108,300,000USD161,800,000USD-1,300,000USD-14,500,000USD-5,300,000USD5,300,000USD1,900,000USD
    Non Operating Income Net Other-16,000,000USD—390,200,000USD—————
    Minority Interest323,000,000USD323,000,000USD900,000USD—————
    Discontinued Operations-1,700,000USD88,000,000USD-892,100,000USD—————
    Net Income Applicable To Common Shares292,800,000USD1,128,000,000USD-787,700,000USD18,100,000USD————
    Research Development—0USD0USD—————
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets20,115,000,000USD20,115,000,000USD20,012,000,000USD20,290,000,000USD20,471,000,000USD20,836,000,000USD20,947,000,000USD16,796,000,000USD
    Cash And Equivalents70,000,000USD—57,000,000USD66,000,000USD61,000,000USD57,000,000USD54,000,000USD39,000,000USD
    Total Current Assets6,814,000,000USD6,710,000,000USD6,435,000,000USD6,689,000,000USD6,687,000,000USD6,964,000,000USD6,907,000,000USD6,027,000,000USD
    Other Current Assets175,000,000USD192,000,000USD164,000,000USD143,000,000USD144,000,000USD223,000,000USD183,000,000USD169,000,000USD
    Other Non Current Assets668,000,000USD———————
    Total Liabilities14,297,000,000USD———————
    Total Current Liabilities3,606,000,000USD3,323,000,000USD3,302,000,000USD3,280,000,000USD3,277,000,000USD3,266,000,000USD3,322,000,000USD3,255,000,000USD
    Other Current Liabilities560,000,000USD———————
    Other Non Current Liabilities1,376,000,000USD———————
    Total Stockholder Equity5,604,000,000USD5,822,000,000USD6,116,000,000USD5,466,000,000USD5,819,000,000USD6,254,000,000USD6,664,000,000USD6,854,000,000USD
    Total Equity Including Noncontrolling Interest5,818,000,000USD———————
    Long Term Debt7,703,000,000USD7,763,000,000USD7,253,000,000USD8,039,000,000USD7,727,000,000USD7,601,000,000USD7,065,000,000USD3,774,000,000USD
    Net Receivables2,044,000,000USD1,882,000,000USD1,442,000,000USD1,797,000,000USD1,783,000,000USD1,798,000,000USD1,576,000,000USD1,583,000,000USD
    Inventory4,525,000,000USD4,591,000,000USD4,772,000,000USD4,683,000,000USD4,699,000,000USD4,886,000,000USD5,094,000,000USD4,236,000,000USD
    Property Plant Equipment Net9,239,000,000USD9,345,000,000USD9,481,000,000USD9,508,000,000USD9,620,000,000USD9,797,000,000USD9,942,000,000USD8,687,000,000USD
    Goodwill1,784,000,000USD———————
    Intangible Assets1,063,000,000USD1,102,000,000USD1,135,000,000USD1,142,000,000USD1,185,000,000USD1,150,000,000USD1,170,000,000USD191,000,000USD
    Accounts Payable2,159,000,000USD2,011,000,000USD1,893,000,000USD1,914,000,000USD1,947,000,000USD2,020,000,000USD2,008,000,000USD1,983,000,000USD
    Retained Earnings-911,000,000USD-766,000,000USD-529,000,000USD-286,000,000USD1,000,000USD484,000,000USD979,000,000USD1,426,000,000USD
    Accumulated Other Comprehensive Income1,336,000,000USD1,425,000,000USD1,492,000,000USD1,563,000,000USD1,644,000,000USD1,612,000,000USD1,537,000,000USD1,640,000,000USD
    Total Liab—14,096,000,000USD13,689,000,000USD14,583,000,000USD14,429,000,000USD14,352,000,000USD14,050,000,000USD9,701,000,000USD
    Other Current Liab—1,312,000,000USD1,294,000,000USD1,366,000,000USD1,330,000,000USD1,246,000,000USD1,201,000,000USD1,272,000,000USD
    Common Stock—76,000,000USD76,000,000USD66,000,000USD66,000,000USD66,000,000USD66,000,000USD66,000,000USD
    Capital Stock—76,000,000USD76,000,000USD66,000,000USD66,000,000USD66,000,000USD66,000,000USD66,000,000USD
    Good Will—1,800,000,000USD1,814,000,000USD1,796,000,000USD1,814,000,000USD1,767,000,000USD1,768,000,000USD1,005,000,000USD
    Cash—45,000,000USD57,000,000USD66,000,000USD61,000,000USD57,000,000USD54,000,000USD39,000,000USD
    Cash And Short Term Investments—45,000,000USD57,000,000USD66,000,000USD61,000,000USD57,000,000USD54,000,000USD39,000,000USD
    Net Debt—7,718,000,000USD8,114,000,000USD7,973,000,000USD7,666,000,000USD7,544,000,000USD7,718,000,000USD3,735,000,000USD
    Short Long Term Debt Total—7,763,000,000USD8,171,000,000USD8,039,000,000USD7,727,000,000USD7,601,000,000USD7,772,000,000USD3,774,000,000USD
    Property Plant Equipment Gross—15,392,000,000USD15,310,000,000USD15,131,000,000USD14,999,000,000USD13,402,000,000USD13,300,000,000USD13,272,000,000USD
    Common Stock Shares Outstanding—564,286,000shares492,156,862shares492,156,862shares497,938,144shares495,000,000shares485,869,565shares468,000,000shares
    Non Current Assets Total—13,405,000,000USD13,577,000,000USD13,601,000,000USD13,784,000,000USD13,872,000,000USD14,040,000,000USD10,769,000,000USD
    Non Current Liabilities Total—10,773,000,000USD10,387,000,000USD11,303,000,000USD11,152,000,000USD11,086,000,000USD10,728,000,000USD6,446,000,000USD
    Non Current Liabilities Other—1,381,000,000USD1,422,000,000USD1,499,000,000USD1,507,000,000USD1,442,000,000USD1,453,000,000USD1,439,000,000USD
    Non Currrent Assets Other—1,021,000,000USD1,005,000,000USD1,012,000,000USD1,014,000,000USD1,002,000,000USD1,020,000,000USD768,000,000USD
    Net Working Capital—3,387,000,000USD3,133,000,000USD3,409,000,000USD3,410,000,000USD3,698,000,000USD3,585,000,000USD2,772,000,000USD
    Unclassified Non Current Assets—137,000,000USD-873,000,000USD-880,000,000USD-1,014,000,000USD-1,002,000,000USD-1,020,000,000USD-768,000,000USD
    Unclassified Non Current Liabilities—1,629,000,000USD1,712,000,000USD1,765,000,000USD1,918,000,000USD2,043,000,000USD2,210,000,000USD1,233,000,000USD
    Unclassified Equity—5,011,000,000USD5,001,000,000USD4,057,000,000USD4,042,000,000USD4,026,000,000USD4,016,000,000USD3,656,000,000USD
    Other Assets——1,015,000,000USD1,023,000,000USD1,165,000,000USD1,158,000,000USD1,160,000,000USD886,000,000USD
    Short Term Debt——115,000,000USD0USD22,000,000USD0USD113,000,000USD0USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets20,012,000,000USD20,947,000,000USD17,537,000,000USD18,755,000,000USD18,975,000,000USD16,771,000,000USD3,503,800,000USD3,529,600,000USD
    Intangible Assets1,135,000,000USD1,170,000,000USD201,000,000USD214,000,000USD221,000,000USD188,000,000USD48,000,000USD549,600,000USD
    Other Current Assets164,000,000USD183,000,000USD138,000,000USD306,000,000USD263,000,000USD165,000,000USD29,500,000USD27,400,000USD
    Total Liab13,689,000,000USD14,050,000,000USD9,415,000,000USD10,713,000,000USD13,201,000,000USD14,430,000,000USD3,145,900,000USD3,105,400,000USD
    Total Stockholder Equity6,116,000,000USD6,664,000,000USD7,887,000,000USD8,042,000,000USD5,774,000,000USD2,341,000,000USD357,900,000USD424,200,000USD
    Other Current Liab1,294,000,000USD1,201,000,000USD1,319,000,000USD637,000,000USD1,316,000,000USD1,203,000,000USD216,200,000USD233,100,000USD
    Common Stock76,000,000USD66,000,000USD66,000,000USD66,000,000USD63,000,000USD63,000,000USD37,700,000USD37,700,000USD
    Capital Stock76,000,000USD66,000,000USD66,000,000USD66,000,000USD63,000,000USD63,000,000USD37,700,000USD37,700,000USD
    Retained Earnings-529,000,000USD979,000,000USD1,733,000,000USD1,334,000,000USD-1,000,000USD-2,989,000,000USD-2,842,400,000USD-3,060,200,000USD
    Good Will1,814,000,000USD1,768,000,000USD1,005,000,000USD1,130,000,000USD1,116,000,000USD1,406,000,000USD2,000,000USD—
    Other Assets1,015,000,000USD1,160,000,000USD800,000,000USD1,133,000,000USD671,000,000USD1,324,000,000USD678,600,000USD778,800,000USD
    Cash57,000,000USD54,000,000USD198,000,000USD26,000,000USD48,000,000USD112,000,000USD352,600,000USD823,200,000USD
    Cash And Equivalents57,000,000USD54,000,000USD198,000,000USD26,000,000USD48,000,000USD112,000,000USD165,000,000USD823,200,000USD
    Cash And Short Term Investments57,000,000USD54,000,000USD198,000,000USD26,000,000USD48,000,000USD112,000,000USD352,600,000USD823,200,000USD
    Total Current Assets6,435,000,000USD6,907,000,000USD6,636,000,000USD7,422,000,000USD7,653,000,000USD5,298,000,000USD897,900,000USD1,479,600,000USD
    Total Current Liabilities3,302,000,000USD3,322,000,000USD3,508,000,000USD3,549,000,000USD3,561,000,000USD2,929,000,000USD409,400,000USD468,200,000USD
    Net Debt8,114,000,000USD7,718,000,000USD3,392,000,000USD4,223,000,000USD5,190,000,000USD5,278,000,000USD1,761,200,000USD1,269,700,000USD
    Short Term Debt115,000,000USD113,000,000USD90,000,000USD136,000,000USD147,000,000USD144,000,000USD22,100,000USD35,500,000USD
    Short Long Term Debt Total8,171,000,000USD7,772,000,000USD3,590,000,000USD4,385,000,000USD5,385,000,000USD5,534,000,000USD2,135,900,000USD2,128,400,000USD
    Long Term Debt7,253,000,000USD7,065,000,000USD3,137,000,000USD4,249,000,000USD5,238,000,000USD5,390,000,000USD2,113,800,000USD2,092,900,000USD
    Net Receivables1,442,000,000USD1,576,000,000USD1,840,000,000USD1,960,000,000USD2,154,000,000USD1,193,000,000USD152,600,000USD344,000,000USD
    Inventory4,772,000,000USD5,094,000,000USD4,460,000,000USD5,130,000,000USD5,188,000,000USD3,828,000,000USD317,400,000USD181,100,000USD
    Accounts Payable1,893,000,000USD2,008,000,000USD2,099,000,000USD2,186,000,000USD2,073,000,000USD1,575,000,000USD193,200,000USD186,800,000USD
    Property Plant Equipment Net9,481,000,000USD9,942,000,000USD8,895,000,000USD9,070,000,000USD9,186,000,000USD8,743,000,000USD1,929,000,000USD1,286,000,000USD
    Property Plant Equipment Gross15,310,000,000USD13,300,000,000USD12,907,000,000USD12,388,000,000USD11,526,000,000USD8,743,000,000USD1,929,000,000USD1,286,000,000USD
    Accumulated Other Comprehensive Income1,492,000,000USD1,537,000,000USD1,657,000,000USD1,830,000,000USD618,000,000USD-133,000,000USD-318,800,000USD-283,900,000USD
    Common Stock Shares Outstanding492,156,862shares480,000,000shares511,000,000shares524,000,000shares558,000,000shares379,000,000shares284,480,000shares304,141,000shares
    Non Current Assets Total13,577,000,000USD14,040,000,000USD10,901,000,000USD11,333,000,000USD11,322,000,000USD11,473,000,000USD2,605,900,000USD2,050,000,000USD
    Non Current Liabilities Total10,387,000,000USD10,728,000,000USD5,907,000,000USD7,164,000,000USD9,640,000,000USD11,501,000,000USD2,736,500,000USD2,637,200,000USD
    Non Current Liabilities Other1,422,000,000USD1,453,000,000USD1,310,000,000USD1,267,000,000USD1,441,000,000USD5,373,000,000USD311,500,000USD248,700,000USD
    Non Currrent Assets Other1,005,000,000USD1,020,000,000USD676,000,000USD410,000,000USD1,020,000,000USD682,000,000USD217,400,000USD299,200,000USD
    Net Working Capital3,133,000,000USD3,585,000,000USD3,128,000,000USD3,873,000,000USD4,092,000,000USD2,369,000,000USD488,500,000USD1,011,400,000USD
    Unclassified Non Current Assets-873,000,000USD-1,020,000,000USD-799,000,000USD-757,000,000USD-1,020,000,000USD-870,000,000USD-331,800,000USD-984,900,000USD
    Unclassified Non Current Liabilities1,712,000,000USD2,210,000,000USD1,460,000,000USD-1,540,000,000USD-1,027,000,000USD-4,635,000,000USD-264,900,000USD-248,700,000USD
    Unclassified Equity5,001,000,000USD4,016,000,000USD4,365,000,000USD5,056,000,000USD5,113,000,000USD5,691,000,000USD3,834,400,000USD3,879,000,000USD
    Current Deferred Revenue——-90,000,000USD590,000,000USD25,000,000USD7,000,000USD22,100,000USD12,800,000USD
    Long Term Investments——123,000,000USD133,000,000USD128,000,000USD—62,700,000USD121,300,000USD
    Deferred Long Term Liab———590,000,000USD————
    Other Liab———2,598,000,000USD3,988,000,000USD5,373,000,000USD576,100,000USD544,300,000USD
    Treasury Stock———-310,000,000USD-82,000,000USD-354,000,000USD-390,700,000USD-186,100,000USD
    Net Tangible Assets———7,791,000,000USD4,374,000,000USD1,350,000,000USD357,900,000USD424,200,000USD
    Unclassified Current Assets——————45,800,000USD—
    Unclassified Current Liabilities——————-44,200,000USD—
    Short Term Investments———————91,500,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation521,000,000USD
    Deferred Income Tax-102,000,000USD
    Other Non Cash Items-130,000,000USD
    Change To Inventory229,000,000USD
    Change To Liabilities277,000,000USD
    Change In Working Capital506,000,000USD
    Operating Cash Flow-95,000,000USD
    Capital Expenditures-309,000,000USD
    Other Investing Activities-43,000,000USD
    Unclassified Investing Cash Flow86,000,000USD
    Investing Cash Flow-266,000,000USD
    Other Financing Activities-69,000,000USD
    Unclassified Financing Cash Flow444,000,000USD
    Financing Cash Flow375,000,000USD
    Effect Of Forex Changes On Cash-1,000,000USD
    Change In Cash13,000,000USD
    End Cash Flow76,000,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-234,000,000USD-241,000,000USD-248,000,000USD-483,000,000USD-495,000,000USD-447,000,000USD-242,000,000USD2,000,000USD
    Depreciation259,000,000USD272,000,000USD288,000,000USD393,000,000USD282,000,000USD258,000,000USD235,000,000USD228,000,000USD
    Other Non Cash Items7,000,000USD-96,000,000USD26,000,000USD105,000,000USD29,000,000USD141,000,000USD-20,000,000USD3,000,000USD
    Change To Account Receivables-441,000,000USD349,000,000USD-16,000,000USD24,000,000USD-223,000,000USD106,000,000USD191,000,000USD94,000,000USD
    Change To Inventory174,000,000USD-84,000,000USD3,000,000USD214,000,000USD182,000,000USD-195,000,000USD-37,000,000USD235,000,000USD
    Change In Working Capital-272,000,000USD177,000,000USD-129,000,000USD180,000,000USD-16,000,000USD-229,000,000USD-57,000,000USD286,000,000USD
    Total Cash From Operating Activities-325,000,000USD-13,000,000USD-143,000,000USD45,000,000USD-351,000,000USD-472,000,000USD-84,000,000USD519,000,000USD
    Capital Expenditures-152,000,000USD-140,000,000USD-157,000,000USD-112,000,000USD-152,000,000USD-205,000,000USD-151,000,000USD-157,000,000USD
    Free Cash Flow-477,000,000USD-153,000,000USD-300,000,000USD-67,000,000USD-503,000,000USD-677,000,000USD-235,000,000USD362,000,000USD
    Total Cashflows From Investing Activities-140,000,000USD-85,000,000USD-138,000,000USD-111,000,000USD-145,000,000USD-2,735,000,000USD-146,000,000USD-152,000,000USD
    Net Borrowings507,000,000USD-798,000,000USD320,000,000USD122,000,000USD545,000,000USD3,313,000,000USD273,000,000USD—
    Total Cash From Financing Activities454,000,000USD89,000,000USD286,000,000USD68,000,000USD499,000,000USD3,229,000,000USD159,000,000USD-287,000,000USD
    Change In Cash-12,000,000USD-9,000,000USD5,000,000USD4,000,000USD3,000,000USD15,000,000USD-71,000,000USD80,000,000USD
    Begin Period Cash Flow57,000,000USD66,000,000USD61,000,000USD57,000,000USD54,000,000USD39,000,000USD110,000,000USD30,000,000USD
    End Period Cash Flow45,000,000USD57,000,000USD66,000,000USD61,000,000USD57,000,000USD54,000,000USD39,000,000USD110,000,000USD
    Other Cashflows From Investing Activities12,000,000USD2,000,000USD19,000,000USD1,000,000USD7,000,000USD-18,000,000USD5,000,000USD5,000,000USD
    Other Cashflows From Financing Activities-53,000,000USD-60,000,000USD-22,000,000USD-53,000,000USD-33,000,000USD-48,000,000USD-54,000,000USD3,000,000USD
    Unclassified Operating Cash Flow-85,000,000USD-125,000,000USD-80,000,000USD-150,000,000USD-151,000,000USD-195,000,000USD——
    Sale Purchase Of Stock—951,000,000USD0USD0USD0USD-733,000,000USD-733,000,000USD-125,000,000USD
    Unclassified Investing Cash Flow—53,000,000USD138,000,000USD111,000,000USD145,000,000USD223,000,000USD146,000,000USD152,000,000USD
    Unclassified Financing Cash Flow—-4,000,000USD-12,000,000USD—-13,000,000USD697,000,000USD673,000,000USD-165,000,000USD
    Investments——-138,000,000USD-111,000,000USD-145,000,000USD-2,735,000,000USD-146,000,000USD-152,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20172017-12-31 · USD
    Net Income-1,428,000,000USD-754,000,000USD398,000,000USD1,376,000,000USD3,033,000,000USD-81,000,000USD292,800,000USD364,500,000USD
    Depreciation1,235,000,000USD951,000,000USD973,000,000USD1,034,000,000USD897,000,000USD308,000,000USD85,100,000USD87,700,000USD
    Other Non Cash Items25,000,000USD320,000,000USD56,000,000USD-110,000,000USD839,000,000USD106,000,000USD215,500,000USD205,400,000USD
    Change To Account Receivables134,000,000USD364,000,000USD120,000,000USD197,000,000USD-858,000,000USD-42,000,000USD254,500,000USD-248,600,000USD
    Change To Inventory315,000,000USD-5,000,000USD670,000,000USD64,000,000USD-1,370,000,000USD-146,000,000USD-136,300,000USD-1,800,000USD
    Change In Working Capital212,000,000USD-217,000,000USD692,000,000USD33,000,000USD-1,854,000,000USD-185,000,000USD37,400,000USD-319,500,000USD
    Total Cash From Operating Activities-462,000,000USD105,000,000USD2,233,000,000USD2,423,000,000USD2,785,000,000USD-261,000,000USD562,500,000USD338,100,000USD
    Capital Expenditures-561,000,000USD-695,000,000USD-646,000,000USD-943,000,000USD-705,000,000USD-525,000,000USD-656,000,000USD-155,700,000USD
    Free Cash Flow-1,023,000,000USD-590,000,000USD1,587,000,000USD1,480,000,000USD2,080,000,000USD-786,000,000USD-93,500,000USD186,400,000USD
    Total Cashflows From Investing Activities-479,000,000USD-3,212,000,000USD-591,000,000USD-936,000,000USD-1,379,000,000USD-2,042,000,000USD-644,400,000USD-160,000,000USD
    Net Borrowings189,000,000USD3,936,000,000USD-1,114,000,000USD-1,103,000,000USD-319,000,000USD2,174,000,000USD720,900,000USD1,771,500,000USD
    Total Cash From Financing Activities942,000,000USD2,970,000,000USD-1,470,000,000USD-1,509,000,000USD-1,470,000,000USD2,059,000,000USD-394,100,000USD603,900,000USD
    Sale Purchase Of Stock951,000,000USD-733,000,000USD-152,000,000USD-240,000,000USD-1,343,000,000USD0USD-252,900,000USD1,771,500,000USD
    Issuance Of Capital Stock951,000,000USD0USD0USD0USD322,000,000USD0USD0USD—
    Change In Cash3,000,000USD-144,000,000USD172,000,000USD-22,000,000USD-64,000,000USD-241,000,000USD-470,600,000USD654,900,000USD
    Begin Period Cash Flow60,000,000USD198,000,000USD26,000,000USD48,000,000USD112,000,000USD353,000,000USD823,200,000USD323,400,000USD
    End Period Cash Flow63,000,000USD54,000,000USD198,000,000USD26,000,000USD48,000,000USD112,000,000USD352,600,000USD978,300,000USD
    Other Cashflows From Investing Activities82,000,000USD-5,000,000USD55,000,000USD38,000,000USD-674,000,000USD-1,517,000,000USD-11,600,000USD-4,300,000USD
    Other Cashflows From Financing Activities-168,000,000USD-124,000,000USD-204,000,000USD-166,000,000USD13,774,000,000USD3,673,000,000USD-16,500,000USD-26,700,000USD
    Unclassified Operating Cash Flow-506,000,000USD-195,000,000USD73,000,000USD62,000,000USD767,000,000USD-101,000,000USD16,800,000USD-18,200,000USD
    Unclassified Financing Cash Flow-30,000,000USD-109,000,000USD——-6,620,000,000USD-3,747,000,000USD-729,300,000USD-2,859,500,000USD
    Investments—-3,212,000,000USD-679,000,000USD-936,000,000USD-1,379,000,000USD-2,042,000,000USD-644,400,000USD-156,000,000USD
    Unclassified Investing Cash Flow—700,000,000USD679,000,000USD905,000,000USD1,379,000,000USD2,042,000,000USD667,600,000USD156,000,000USD
    Stock Based Compensation——41,000,000USD28,000,000USD-897,000,000USD-308,000,000USD-85,100,000USD18,200,000USD
    Change To Liabilities———-208,000,000USD374,000,000USD3,000,000USD-80,800,000USD-69,000,000USD
    Cash And Cash Equivalents Changes———-22,000,000USD-64,000,000USD-244,000,000USD-470,600,000USD684,300,000USD
    Dividends Paid————-6,962,000,000USD-41,000,000USD-116,300,000USD-52,900,000USD
    Exchange Rate Changes———————3,300,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30SegmentEliminations-47,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentOther Businesses177,000,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentSteelmaking5,096,000,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentEliminations-42,000,000USD0000764065-26-000070
    Q1 2026Quarterly · 2026-03-31SegmentOther Businesses167,000,000USD0000764065-26-000070
    Q1 2026Quarterly · 2026-03-31SegmentSteelmaking4,797,000,000USD0000764065-26-000070
    Q4 2025Quarterly · 2025-12-31SegmentEliminations-21,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentOther Businesses159,000,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentSteelmaking4,175,000,000USDLegacy provider
    FY 2025Yearly · 2025-12-31GeographyCanada2,071,000,000USD0000764065-26-000025
    FY 2025Yearly · 2025-12-31GeographyOther Countries652,000,000USD0000764065-26-000025
    FY 2025Yearly · 2025-12-31GeographyUnited States15,887,000,000USD0000764065-26-000025
    FY 2025Yearly · 2025-12-31SegmentEliminations-110,000,000USD0000764065-26-000025
    FY 2025Yearly · 2025-12-31SegmentOther Businesses657,000,000USD0000764065-26-000025
    FY 2025Yearly · 2025-12-31SegmentSteelmaking18,063,000,000USD0000764065-26-000025
    Q3 2025Quarterly · 2025-09-30SegmentEliminations-24,000,000USD0000764065-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentOther Businesses173,000,000USD0000764065-25-000149
    Q3 2025Quarterly · 2025-09-30SegmentSteelmaking4,585,000,000USD0000764065-25-000149
    Q2 2025Quarterly · 2025-06-30SegmentEliminations-37,000,000USD0000764065-25-000124
    Q2 2025Quarterly · 2025-06-30SegmentOther Businesses163,000,000USD0000764065-25-000124
    Q2 2025Quarterly · 2025-06-30SegmentSteelmaking4,808,000,000USD0000764065-25-000124
    Q1 2025Quarterly · 2025-03-31SegmentEliminations-28,000,000USD0000764065-26-000070
    Q1 2025Quarterly · 2025-03-31SegmentOther Businesses162,000,000USD0000764065-26-000070
    Q1 2025Quarterly · 2025-03-31SegmentSteelmaking4,495,000,000USD0000764065-26-000070
    Q4 2024Quarterly · 2024-12-31SegmentEliminations-23,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentOther Businesses157,000,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentSteelmaking4,191,000,000USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyCanada1,067,000,000USD0000764065-26-000025
    FY 2024Yearly · 2024-12-31GeographyOther Countries778,000,000USD0000764065-26-000025
    FY 2024Yearly · 2024-12-31GeographyUnited States17,340,000,000USD0000764065-26-000025
    FY 2024Yearly · 2024-12-31SegmentEliminations-91,000,000USD0000764065-26-000025
    FY 2024Yearly · 2024-12-31SegmentOther Businesses656,000,000USD0000764065-26-000025
    FY 2024Yearly · 2024-12-31SegmentSteelmaking18,620,000,000USD0000764065-26-000025
    Q3 2024Quarterly · 2024-09-30SegmentEliminations-20,000,000USD0000764065-25-000149
    Q3 2024Quarterly · 2024-09-30SegmentOther Businesses150,000,000USD0000764065-25-000149
    Q3 2024Quarterly · 2024-09-30SegmentSteelmaking4,439,000,000USD0000764065-25-000149
    FY 2023Yearly · 2023-12-31GeographyCanada1,046,000,000USD0000764065-26-000025
    FY 2023Yearly · 2023-12-31GeographyOther Countries950,000,000USD0000764065-26-000025
    FY 2023Yearly · 2023-12-31GeographyUnited States20,000,000,000USD0000764065-26-000025
    FY 2023Yearly · 2023-12-31SegmentEliminations-82,000,000USD0000764065-26-000025
    FY 2023Yearly · 2023-12-31SegmentOther Businesses665,000,000USD0000764065-26-000025
    FY 2023Yearly · 2023-12-31SegmentSteelmaking21,413,000,000USD0000764065-26-000025
    FY 2022Yearly · 2022-12-31GeographyCanada963,000,000USD0000764065-25-000058
    FY 2022Yearly · 2022-12-31GeographyOther Countries1,035,000,000USD0000764065-25-000058
    FY 2022Yearly · 2022-12-31GeographyUnited States20,991,000,000USD0000764065-25-000058
    FY 2022Yearly · 2022-12-31SegmentEliminations-79,000,000USD0000764065-25-000058
    FY 2022Yearly · 2022-12-31SegmentOther Businesses606,000,000USD0000764065-25-000058
    FY 2022Yearly · 2022-12-31SegmentSteelmaking22,462,000,000USD0000764065-25-000058
    FY 2021Yearly · 2021-12-31GeographyCanada803,000,000USD0000764065-24-000038
    FY 2021Yearly · 2021-12-31GeographyOther Countries760,000,000USD0000764065-24-000038
    FY 2021Yearly · 2021-12-31GeographyUnited States18,881,000,000USD0000764065-24-000038
    FY 2021Yearly · 2021-12-31SegmentOther Businesses543,000,000USD0000764065-24-000038
    FY 2021Yearly · 2021-12-31SegmentSteelmaking19,901,000,000USD0000764065-24-000038
    FY 2020Yearly · 2020-12-31GeographyCanada602,000,000USD0000764065-23-000032
    FY 2020Yearly · 2020-12-31GeographyOther Countries172,000,000USD0000764065-23-000032
    FY 2020Yearly · 2020-12-31GeographyUnited States4,580,000,000USD0000764065-23-000032
    FY 2020Yearly · 2020-12-31SegmentOther Businesses389,000,000USD0000764065-23-000032
    FY 2020Yearly · 2020-12-31SegmentSteelmaking4,965,000,000USD0000764065-23-000032
    FY 2019Yearly · 2019-12-31GeographyCanada448,000,000USD0000764065-22-000037
    FY 2019Yearly · 2019-12-31GeographyOther Countries37,000,000USD0000764065-22-000037
    FY 2019Yearly · 2019-12-31GeographyUnited States1,505,000,000USD0000764065-22-000037
    FY 2019Yearly · 2019-12-31SegmentOther Businesses0USD0000764065-22-000037
    FY 2019Yearly · 2019-12-31SegmentSteelmaking1,990,000,000USD0000764065-22-000037
    FY 2019Yearly · 2019-12-31ProductCargo And Freight141,800,000USD0000764065-20-000041
    FY 2019Yearly · 2019-12-31ProductProduct1,848,100,000USD0000764065-20-000041
    FY 2019Yearly · 2019-12-31ProductVenturepartnerscostreimbursements0USD0000764065-20-000041
    Q3 2019Quarterly · 2019-09-30ProductCargo And Freight40,600,000USD0000764065-19-000175
    Q3 2019Quarterly · 2019-09-30ProductProduct515,000,000USD0000764065-19-000175
    FY 2018Yearly · 2018-12-31GeographyCanada395,000,000USD0000764065-21-000084
    FY 2018Yearly · 2018-12-31GeographyOther Countries90,000,000USD0000764065-21-000084
    FY 2018Yearly · 2018-12-31GeographyUnited States1,847,000,000USD0000764065-21-000084
    FY 2018Yearly · 2018-12-31SegmentOther Businesses0USD0000764065-21-000084
    FY 2018Yearly · 2018-12-31SegmentSteelmaking2,332,000,000USD0000764065-21-000084
    FY 2018Yearly · 2018-12-31ProductCargo And Freight160,100,000USD0000764065-20-000041
    FY 2018Yearly · 2018-12-31ProductProduct2,172,300,000USD0000764065-20-000041
    FY 2018Yearly · 2018-12-31ProductVenturepartnerscostreimbursements0USD0000764065-20-000041
    Q3 2018Quarterly · 2018-09-30ProductCargo And Freight57,100,000USD0000764065-19-000175
    Q3 2018Quarterly · 2018-09-30ProductProduct684,700,000USD0000764065-19-000175
    FY 2017Yearly · 2017-12-31ProductCargo And Freight166,700,000USD0000764065-20-000041
    FY 2017Yearly · 2017-12-31ProductProduct1,644,600,000USD0000764065-20-000041
    FY 2017Yearly · 2017-12-31ProductVenturepartnerscostreimbursements54,700,000USD0000764065-20-000041

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.