Company / Working Capital
Cleveland-Cliffs Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$3.1B
FY2025
5-year range
$3.1B / $4.1B
FY2021-FY2025
Trend
-11.6%
vs FY2024
Sector context
#14 of 121
Materials
What the data says
Cleveland-Cliffs's working capital of $3.1B is higher than 88% of companies in the Materials sector (FY2025). Working Capital has fluctuated over the past 10 years, ranging from $434M in FY2016 to $4.1B in FY2021.
Based on SEC 10-K filings.
$3.1B in FY2025 with a 5-year CAGR of +5.7%. Top quartile in the Materials sector.
Remained stable around $3.1B over the past 2 years.
Materials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -6.8%
- 5-Year CAGR
- +5.7%
- 10-Year CAGR
- -
Sector benchmark
Top 12% in MaterialsTop 12% of 121This company $3.1B Sector average $1.2B
▼
+164.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +5.7%, indicating consistent growth.
- In FY2025, working capital decreased 11.6% year-over-year.
- Ranks #14 out of 121 companies in the Materials sector.
- Peak working capital was recorded in FY2021.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.1B | -11.6% |
| FY2024 | $3.5B | +13.4% |
| FY2023 | $3.1B | -19.2% |
| FY2022 | $3.9B | -5.4% |
| FY2021 | $4.1B | +72.7% |
| FY2020 | $2.4B | +384.5% |
| FY2019 | $489.0M | -51.7% |
| FY2018 | $1.0B | -7.4% |
| FY2017 | $1.1B | +152.0% |
| FY2016 | $433.5M | +8.1% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026