OverviewSuggest Edit

Cleveland-Cliffs (formerly Cliffs Natural Resources) is a company operating in the iron ore mining and steel industry. It produces flat-rolled carbon, stainless, electrical, plate, tin and long steel products as well as carbon and stainless steel tubing products, die design and tooling, and hot- and cold-stamped components. In addition, the company offers iron ore pellets, hot-briquetted iron (HBI), and coking coal.
TypePublic
Founded1847
HQCleveland, OH, US
Websiteclevelandcliffs.com
Employee Ratings3.3
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)25,000(+954%)
Job Openings198
Revenue (FY, 2020)$5.4 B(+170%)
Share Price (Jul 2021)$24.9(+6%)
Cybersecurity ratingCMore

Key People/Management at Cleveland-Cliffs

Lourenco Goncalves

Lourenco Goncalves

Chairman, President and CEO
Clifford T. Smith

Clifford T. Smith

Executive Vice President, Chief Operating Officer
James Graham

James Graham

Executive Vice President, Chief Legal Officer & Secretary
Keith A. Koci

Keith A. Koci

Executive Vice President, Chief Financial Officer
Terry Fedor

Terry Fedor

Executive Vice President and Chief Operating Officer -- Steel Mills
Traci Forrester

Traci Forrester

Executive Vice President, Business Development
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Cleveland-Cliffs Office Locations

Cleveland-Cliffs has offices in Cleveland, Burns Harbor, Chicago, Coatesville and in 19 other locations
Cleveland, OH, US (HQ)
200 Public Square, 200 Public Square #3300
Burns Harbor, IN, US
250 US-12
Chicago, IL, US
1 S Dearborn St
Cleveland, OH, US
3060 Eggers Ave
Coatesville, PA, US
139 Modena Rd
Columbus, IN, US
150 W 450 S
Show all (26)

Cleveland-Cliffs Financials and Metrics

Cleveland-Cliffs Revenue

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Cleveland-Cliffs's revenue was reported to be $5.35 b in FY, 2020 which is a 169.1% increase from the previous period.
USD

Revenue (Q1, 2021)

4.0b

Gross profit (Q1, 2021)

288.0m

Gross profit margin (Q1, 2021), %

7.1%

Net income (Q1, 2021)

57.0m

EBIT (Q1, 2021)

177.0m

Market capitalization (29-Jul-2021)

12.4b

Closing stock price (29-Jul-2021)

24.9

Cash (31-Mar-2021)

110.0m

EV

18.0b
Cleveland-Cliffs's current market capitalization is $12.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.3b2.0b5.4b

Revenue growth, %

(15%)169%

Cost of goods sold

1.5b1.4b5.1b

Gross profit

809.6m575.7m252.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

239.0m714.3m741.8m157.0m743.2m555.6m359.1m1.1b1.6b4.0b

Cost of goods sold

242.6m429.8m480.2m126.1m480.2m400.7m356.0m1.2b1.5b3.8b

Gross profit

(3.6m)284.5m261.6m30.9m263.0m154.9m3.1m(114.8m)120.6m288.0m

Gross profit Margin, %

(2%)40%35%20%35%28%1%(11%)7%7%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

823.2m352.6m112.0m

Accounts Receivable

226.7m94.0m1.2b

Inventories

181.1m317.4m3.8b

Current Assets

1.5b897.9m5.3b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.1b292.8m(81.0m)

Depreciation and Amortization

89.0m85.1m404.0m

Inventories

42.9m(136.3m)(146.0m)

Cash From Operating Activities

478.5m562.5m(261.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(84.3m)80.8m518.6m(22.1m)138.7m229.6m(48.6m)(156.7m)(154.8m)41.0m

Depreciation and Amortization

23.9m49.4m68.6m19.9m40.9m63.1m34.4m170.9m257.9m217.0m

Inventories

(193.0m)(125.6m)(57.1m)(224.8m)(131.1m)(129.4m)(244.1m)(126.1m)(4.2m)(172.0m)

Accounts Payable

22.0m
USDQ1, 2018

Debt/Equity

-4.8 x

Debt/Assets

0.8 x

Financial Leverage

-5.9 x
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Cleveland-Cliffs Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Locations

33

Active Iron Ore Mines

4445

Cokemaking Facilities

5

Annual Pellet Production Capacity, long tons

27.4 m27.4 m27.4 m28 m
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Cleveland-Cliffs Acquisitions / Subsidiaries

Company NameDateDeal Size
ArcelorMittalSeptember 28, 2020$1.4 b
AK SteelDecember 03, 2019$1 b
Consolidated Thompson Iron Mines LimitedJanuary 11, 2011
PinnOak ResourcesJuly 31, 2007
Cliffs Mining Company
Cliffs Minnesota Mining Company
Cliffs TIOP Holding, LLC
Cliffs TIOP II, LLC
Cliffs TIOP, Inc.
Cliffs UTAC Holding LLC
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Cleveland-Cliffs Revenue Breakdown

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Cleveland-Cliffs revenue breakdown by business segment: 7.3% from Other Businesses and 92.7% from Steelmaking

Cleveland-Cliffs revenue breakdown by geographic segment: 11.2% from Canada, 85.5% from United States and 3.2% from Other

Cleveland-Cliffs Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Cleveland-Cliffs Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Cleveland-Cliffs Online and Social Media Presence

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Cleveland-Cliffs Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    D

    60/100

  • Compensation

    A

    80/100

Learn more on Comparably

Cleveland-Cliffs News and Updates

Thinking about buying stock in NanoVibronix, TAL Education, Cleveland-Cliffs, Nikola Corp, or Acer Therapeutics?

NEW YORK, July 29, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NAOV, TAL, CLF, NKLA, and ACER. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Cleveland-Cliffs Completes Redemption of All Outstanding Preferred Shares with $1.2 Billion in Cash, Reducing Diluted Share Count by 10%

Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has completed the redemption of the entirety of its outstanding Series B Participating Redeemable Preferred Stock held by an affiliate of ArcelorMittal S.A. for approximately $1.2 billion, or $21.18 per common share for the equivalent of appr…

Thinking about buying stock in Chembio Diagnostics, Cleveland-Cliffs, SoFi Technologies, FirstEnergy, or Endo Int?

NEW YORK, July 22, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CEMI, CLF, SOFI, FE, and ENDP. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Why Did Cleveland-Cliffs Stock Drop 12% In A Week?

Cleveland-Cliffs stock dropped almost 12% in just the last one week. In the last ten days it is down almost 10% while if we look at the change over the last one month, the stock is down 12%. The primary reason for the drop has been volatility in commodity prices amidst a resurgence in Covid...

Cleveland - Cliffs offering steelworkers up to $3,000 to get vaccinated

Cleveland-Cliffs is offering steelworkers cash bonuses of up to $3,000 if they get vaccinated against coronavirus.

ArcelorMittal announces sale of Cleveland-Cliffs common stock with the proceeds to be returned to shareholders via a $750 million share buyback

ArcelorMittal North America Holding, a wholly owned subsidiary of ArcelorMittal SA (‘ArcelorMittal’ or ‘the Company’) announces today the conclusion of the sale of its remaining 38.2 million common shares in Cleveland-Cliffs Inc. (‘Cleveland-Cliffs’) following receipt of the shares on 9 June 2021.
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Cleveland-Cliffs Frequently Asked Questions

  • When was Cleveland-Cliffs founded?

    Cleveland-Cliffs was founded in 1847.

  • Who are Cleveland-Cliffs key executives?

    Cleveland-Cliffs's key executives are Lourenco Goncalves, Clifford T. Smith and James Graham.

  • How many employees does Cleveland-Cliffs have?

    Cleveland-Cliffs has 25,000 employees.

  • What is Cleveland-Cliffs revenue?

    Latest Cleveland-Cliffs annual revenue is $5.4 b.

  • What is Cleveland-Cliffs revenue per employee?

    Latest Cleveland-Cliffs revenue per employee is $214.2 k.

  • Who are Cleveland-Cliffs competitors?

    Competitors of Cleveland-Cliffs include Vale, ArcelorMittal and Rio Tinto.

  • Where is Cleveland-Cliffs headquarters?

    Cleveland-Cliffs headquarters is located at 200 Public Square, 200 Public Square #3300, Cleveland.

  • Where are Cleveland-Cliffs offices?

    Cleveland-Cliffs has offices in Cleveland, Burns Harbor, Chicago, Coatesville and in 19 other locations.

  • How many offices does Cleveland-Cliffs have?

    Cleveland-Cliffs has 26 offices.