Company / Return on Equity (ROE)
Cleveland-Cliffs Return on Equity (ROE) History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Return on Equity (ROE)
-24.2%
FY2025
5-year range
-24.2% / 37.9%
FY2021-FY2025
Trend
-110.9%
vs FY2024
Sector context
#95 of 113
Materials
What the data says
Cleveland-Cliffs reports negative total equity of -24.2% in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-24.2% in FY2025 with a 5-year CAGR of -80.1%.
Declined from 37.9% to -24.2% over the past 2 years.
Materials sector context is included.
Return on Equity (ROE) over time
Growth rates
- 3-Year Change
- -22.6pp
- 5-Year Change
- -80.1pp
- 10-Year Change
- -
Sector benchmark
Bottom 16% in MaterialsTop 84% of 113This company -24.2% Sector average -10.0%
▼
-142.0% below sector average
Key checks
Key Insights
- In FY2025, return on equity (roe) decreased 110.9% year-over-year.
- Currently 14.2pp below the Materials sector average.
- Peak return on equity (roe) was recorded in FY2019.
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 | Return on Equity (ROE)Value | YoY GrowthYoY |
|---|---|---|
| FY2025 | -24.2% | -110.9% |
| FY2024 | -11.5% | -130.2% |
| FY2023 | 37.9% | +2513.4% |
| FY2022 | -1.6% | -129.4% |
| FY2021 | 5.3% | -90.4% |
| FY2020 | 55.9% | -31.7% |
| FY2019 | 81.8% | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026