Company / Operating Income
Cleveland-Cliffs Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
-$1.6B
FY2025
5-year range
-$1.6B / $4.0B
FY2021-FY2025
Trend
-106.9%
vs FY2024
Sector context
#95 of 96
Materials
What the data says
Among 96 Materials companies, Cleveland-Cliffs is in the bottom 1% for operating income. Operating Income has fluctuated over the past 10 years, ranging from -$1.6B in FY2025 to $4.0B in FY2023.
Based on SEC 10-K filings.
-$1.6B in FY2025.
Declined from $4.0B to -$1.6B over the past 2 years.
Materials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in MaterialsTop 99% of 96This company -$1.6B Sector average $503.7M
▼
-413.5% below sector average
Key checks
Key Insights
- In FY2025, operating income decreased 106.9% year-over-year.
- Ranks #95 out of 96 companies in the Materials sector.
- Peak operating income 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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.6B | -106.9% |
| FY2024 | -$763.0M | -119.0% |
| FY2023 | $4.0B | +2925.4% |
| FY2022 | -$142.0M | -133.1% |
| FY2021 | $429.0M | -36.3% |
| FY2020 | $673.0M | +56.9% |
| FY2019 | $429.0M | -36.3% |
| FY2018 | $673.0M | +344.8% |
| FY2017 | $151.3M | +16.3% |
| FY2016 | $130.1M | -90.6% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026