CLEVELAND-CLIFFS INC. (CLF)

Every figure below is the company's own, as filed. Nothing is estimated and nothing is smoothed — a period the filing does not support is left blank rather than drawn. Quarters are the company's own, counted from its financial year ending 12-31. Amounts in USD.

Revenue Quarterly

0 2.5B 5B 7.5B Q3 '21: 6B Q4 '21: 5.3B Q1 '22: 6B Q2 '22: 6.3B Q3 '22: 5.7B Q4 '22: 5B Q1 '23: 5.3B Q2 '23: 6B Q3 '23: 5.6B Q4 '23: 5.1B Q1 '24: 5.2B Q2 '24: 5.1B Q3 '24: 4.6B Q4 '24: 4.3B Q1 '25: 4.6B Q2 '25: 4.9B Q3 '25: 4.7B Q4 '25: 4.3B Q1 '26: 4.9B Q2 '26: 5.2B Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Gross Profit Quarterly

0 100M 200M 300M Q1 '15: 80.8M Q2 '15: 57.3M Q3 '15: 55.1M Q4 '15: 43.3M Q1 '16: 30.9M Q2 '16: 91.5M Q3 '16: 85.4M Q4 '16: 181.5M Q1 '17: 96.3M Q2 '17: 144.7M Q3 '17: 157.8M Q4 '17: 116.1M Q1 '18: 61.5M Q2 '18: 284.5M Q3 '18: 261.6M Q4 '18: 202M Q1 '19: 30.9M Q2 '19: 263M Q3 '19: 154.9M Q4 '19: 126.9M Q2 '15 Q1 '16 Q4 '16 Q3 '17 Q2 '18 Q1 '19 Q4 '19

Operating Income Quarterly

-600M 0 600M 1.2B 1.8B Q2 '21: 1.1B Q3 '21: 1.6B Q4 '21: 1.1B Q1 '22: 1.1B Q2 '22: 840M Q3 '22: 187M Q1 '23: -31M Q2 '23: 483M Q3 '23: 325M Q4 '23: -118M Q1 '24: -38M Q2 '24: 6M Q3 '24: -261M Q4 '24: -465M Q1 '25: -543M Q2 '25: -501M Q3 '25: -204M Q4 '25: -331M Q1 '26: -213M Q2 '26: -49M Q3 '21 Q2 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Net Income Quarterly

-500M 0 500M 1B 1.5B Q2 '21: 780M Q3 '21: 1.3B Q4 '21: 893M Q1 '22: 801M Q2 '22: 596M Q3 '22: 152M Q1 '23: -57M Q2 '23: 347M Q3 '23: 264M Q4 '23: -169M Q1 '24: -67M Q2 '24: 2M Q3 '24: -244M Q4 '24: -447M Q1 '25: -498M Q2 '25: -486M Q3 '25: -251M Q4 '25: -243M Q1 '26: -237M Q2 '26: -145M Q3 '21 Q2 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Cost of Revenue Quarterly

0 2B 4B 6B Q3 '21: 4.2B Q4 '21: 4.1B Q1 '22: 4.7B Q2 '22: 5.4B Q3 '22: 5.3B Q4 '22: 5.1B Q1 '23: 5.2B Q2 '23: 5.3B Q3 '23: 5.1B Q4 '23: 5B Q1 '24: 4.9B Q2 '24: 4.9B Q3 '24: 4.7B Q4 '24: 4.6B Q1 '25: 5B Q2 '25: 5.1B Q3 '25: 4.8B Q4 '25: 4.5B Q1 '26: 5B Q2 '26: 5.1B Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Operating Cash Flow Quarterly

-600M 0 600M 1.2B 1.8B Q3 '21: 1.5B Q4 '21: 1.1B Q1 '22: 533M Q2 '22: 865M Q3 '22: 536M Q4 '22: 489M Q1 '23: -39M Q2 '23: 887M Q3 '23: 767M Q4 '23: 652M Q1 '24: 142M Q2 '24: 519M Q3 '24: -84M Q4 '24: -472M Q1 '25: -351M Q2 '25: 45M Q3 '25: -143M Q4 '25: -13M Q1 '26: -325M Q2 '26: 230M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Free Cash Flow Quarterly

-1B -500M 0 500M 1B 1.5B Q3 '21: 1.3B Q4 '21: 905M Q1 '22: 297M Q2 '22: 633M Q3 '22: 288M Q4 '22: 262M Q1 '23: -227M Q2 '23: 756M Q3 '23: 605M Q4 '23: 487M Q1 '24: -40M Q2 '24: 362M Q3 '24: -235M Q4 '24: -677M Q1 '25: -503M Q2 '25: -67M Q3 '25: -300M Q4 '25: -153M Q1 '26: -477M Q2 '26: 73M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Operating cash flow minus capital expenditure.

Shares Outstanding Quarterly

0 200M 400M 600M Q1 '20: 298M Q2 '20: 399M Q3 '20: 399M Q1 '21: 571M Q2 '21: 585M Q3 '21: 547M Q1 '22: 532M Q2 '22: 526M Q3 '22: 519M Q1 '23: 515M Q2 '23: 514M Q3 '23: 509M Q1 '24: 492M Q2 '24: 474M Q3 '24: 468M Q1 '25: 495M Q2 '25: 495M Q3 '25: 495M Q1 '26: 570M Q2 '26: 571M Q2 '20 Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q2 '26

Weighted average diluted, as the filer reports it for each period. An average cannot be added across periods, so this one is always shown per period the filer tagged rather than as a trailing year.

EPS TTM

-5.00 -2.50 0.00 2.50 5.00 7.50 Q3 '20: -0.28 Q4 '20: -0.32 Q1 '21: -0.07 Q2 '21: 1.57 Q3 '21: 3.92 Q4 '21: 5.40 Q1 '22: 6.83 Q2 '22: 6.63 Q3 '22: 4.59 Q4 '23: 0.75 Q1 '24: 0.72 Q2 '24: 0.05 Q3 '24: -0.99 Q4 '24: -1.58 Q1 '25: -2.45 Q2 '25: -3.43 Q3 '25: -3.42 Q4 '25: -2.92 Q1 '26: -2.33 Q2 '26: -1.60 Q4 '20 Q3 '21 Q2 '22 Q1 '24 Q4 '24 Q3 '25 Q2 '26

The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.