Company / Free Cash Flow
Cleveland-Cliffs Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
-$1.0B
FY2025
5-year range
-$1.0B / $2.1B
FY2021-FY2025
Trend
-73.4%
vs FY2024
Sector context
#107 of 109
Materials
What the data says
Among 109 Materials companies, Cleveland-Cliffs is in the bottom 2% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from -$1.0B in FY2025 to $2.1B in FY2023.
Based on SEC 10-K filings.
-$1.0B in FY2025.
Declined from $2.1B to -$1.0B over the past 2 years.
Materials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 2% in MaterialsTop 98% of 109This company -$1.0B Sector average $394.3M
▼
-359.5% below sector average
Key checks
Key Insights
- In FY2025, free cash flow decreased 73.4% year-over-year.
- Ranks #107 out of 109 companies in the Materials sector.
- Peak free cash flow was recorded in FY2023.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 0.96 (distress zone, below 1.8 threshold)
- Negative profit margin: -9.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.0B | -73.4% |
| FY2024 | -$590.0M | -128.4% |
| FY2023 | $2.1B | +365.6% |
| FY2022 | -$783.0M | -789.8% |
| FY2021 | -$88.0M | -148.1% |
| FY2020 | $183.0M | +308.0% |
| FY2019 | -$88.0M | -148.1% |
| FY2018 | $183.0M | +526.6% |
| FY2017 | -$42.9M | -157.4% |
| FY2016 | $74.8M | -73.7% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026