Cleveland-Cliffs Inc.

NYSE:CLF 株式レポート

時価総額：US$6.4b

Cleveland-Cliffs 過去の業績

過去 基準チェック /06

Cleveland-Cliffsの収益は年間平均-64.4%の割合で減少していますが、 Metals and Mining業界の収益は年間 減少しています。収益は年間4.1% 2.1%割合で 増加しています。

主要情報

-64.41%

収益成長率

-64.68%

EPS成長率

Metals and Mining 業界の成長26.40%
収益成長率2.11%
株主資本利益率-19.32%
ネット・マージン-6.40%
前回の決算情報31 Mar 2026

最近の業績更新

Recent updates

ナラティブ更新 • May 03

CLF: Tariff Policy And Mixed Street Views Will Shape Future Returns

Analysts have trimmed the average price target for Cleveland-Cliffs by about $2.40, reflecting a mix of recent target cuts from several firms and a smaller upward revision from Goldman Sachs. These changes have contributed to more cautious assumptions on margins and valuation multiples, even as revenue growth expectations have remained steady to slightly higher.
Seeking Alpha • Apr 20

Cleveland-Cliffs Q1 Earnings: A Mundane Report At A Time Of Uncertainty

Summary Cleveland-Cliffs Inc.'s share price reaction to the Q1 report could be seen as an overreaction, but in reality it is justified. The market is losing patience with the company's inability to achieve profitability as macroeconomic conditions worsen. There were some bright spots in the CLF earnings release, but investors should remain cautious. Read the full article on Seeking Alpha
ナラティブ更新 • Apr 19

CLF: Tariff Policy And Import Share Shifts Will Shape Future Earnings Power

The updated fair value estimate for Cleveland-Cliffs moves slightly lower to $16.80 from $17.00, as analysts factor in softer revenue growth and margins, along with a higher discount rate, despite a wide range of recent price target changes across the Street. Analyst Commentary Recent Street research on Cleveland-Cliffs has been mixed, with a cluster of valuation resets and rating changes as analysts recalibrate expectations after recent company updates and sector notes.
ナラティブ更新 • Apr 04

CLF: Tariff Shifts And Higher Costs Will Shape A Cautious Rare Earths Story

Analysts have made only a small adjustment to their $-based price targets for Cleveland-Cliffs, reflecting a mix of higher assumed profit margins, a lower future P/E multiple, and a more cautious view on growth and risk after recent Neutral and Sector Weight calls, along with both minor cuts and raises to published targets. Analyst Commentary Recent research on Cleveland-Cliffs has leaned more cautious, with several Bearish analysts highlighting execution and valuation risks despite some earlier optimism around pricing and policy support for the U.S. steel sector.
ナラティブ更新 • Mar 21

CLF: Tariff Support And Auto Contract Wins Will Shape Future Returns

The analyst price target for Cleveland-Cliffs has been adjusted slightly lower to reflect a new fair value estimate of about $13.08, as analysts weigh mixed rating changes, valuation concerns, and updated expectations for margins and future P/E multiples. Analyst Commentary Recent research on Cleveland-Cliffs reflects a divided view, with some analysts focusing on potential upside from pricing, tariffs, and growth initiatives, while others point to valuation, costs, and execution risks around upcoming results and leadership actions.
ナラティブ更新 • Mar 07

CLF: Tariff Support And Auto Contract Wins Will Drive Future Upside

Analysts have adjusted their Cleveland-Cliffs price targets in a tight range, with small upward and downward moves of roughly $0.10 to $2. They are weighing mixed views on sector valuation, CEO stock sales, steel pricing expectations, and the company's cost profile and longer term opportunities.
ナラティブ更新 • Feb 21

CLF: Tariff Policy And Steel Pricing Will Drive Future Upside Potential

Analysts have nudged their price target on Cleveland-Cliffs slightly lower to around $13.41, reflecting mixed recent research in which some firms cited valuation concerns and insider selling, while others pointed to potential longer term opportunities in U.S. steel and tariff support. Analyst Commentary Recent research on Cleveland-Cliffs splits into two clear camps, with some analysts focused on upside tied to steel pricing and tariffs, and others emphasizing valuation constraints, cost pressures, and insider selling.
ナラティブ更新 • Feb 06

CLF: Elevated Tariffs And Import Share Gains Will Reshape Future Earnings Power

Analysts have raised their fair value estimate for Cleveland-Cliffs to $17.00 from $14.00, citing updated assumptions on steel pricing, tariffs, and company-specific opportunities outlined in recent research, while noting that views remain divided on costs, valuation, and sector risks. Analyst Commentary Recent research shows a split view on Cleveland-Cliffs, with some firms turning more cautious on valuation and costs, while others highlight potential upside tied to pricing, tariffs, and company specific initiatives.
ナラティブ更新 • Jan 23

CLF: Tariff Support And Cost Pressures Will Shape Steel Outlook

Analysts have raised their blended price target on Cleveland-Cliffs to about $13.44, up from $12.45. This shift reflects updated views on revenue growth, profit margins, and future P/E assumptions, alongside mixed Street research that notes both tariff support for steel pricing and ongoing concerns about costs and valuation.
ナラティブ更新 • Jan 09

CLF: Rare Earths Excitement Will Eventually Clash With Rising Cost Pressures

Analysts have trimmed their average price expectations for Cleveland-Cliffs to about US$12.50 to US$16, reflecting concerns about valuation, higher than expected costs and a mixed macro backdrop, even as some still highlight catalysts around auto contracts, liquidity and updated post earnings models. Analyst Commentary Recent Street research around Cleveland-Cliffs has leaned more cautious, with several bearish analysts pulling back on their expectations while a few remain constructive.
ナラティブ更新 • Dec 15

CLF: Rare Earths Hype Will Likely Fade Against Weak Steel Fundamentals

Analysts have nudged our Cleveland Cliffs fair value estimate higher to approximately $8.62 from about $6.06 per share. This reflects a modestly higher long term valuation multiple even as they factor in softer near term revenue growth, still pressured margins, and a mixed macro backdrop for steel demand.
ナラティブ更新 • Dec 01

CLF: Cost Discipline And Trade Concerns Will Shape Outlook Into Year End

Analysts have slightly lowered their average price target for Cleveland-Cliffs to $12.45 from $12.58, citing a challenging macro environment for metals and mining. However, this is offset by potential demand rebounds in key regions.
ナラティブ更新 • Nov 17

CLF: Future Partnerships And Auto Steel Advances Will Support Upside Momentum

The analyst price target for Cleveland-Cliffs has been lowered slightly, from $12.76 to $12.58. Analysts cite muted revenue growth expectations and continued margin pressures, despite recent volatility in the shares.
ナラティブ更新 • Nov 02

CLF: Tariff Pressures And New Auto Contracts Will Shape Fair Value Outlook

Analysts have raised their price target for Cleveland-Cliffs by $0.59 to $12.76. This change reflects improved projected revenue growth and profit margin outlooks following the company’s recent earnings report and revised forecasts.
ナラティブ更新 • Oct 19

US Tariffs And Reshoring Will Support Domestic Steel Demand

Cleveland-Cliffs' analyst price target has increased from $11.57 to $12.17, as analysts point to improving risk and reward following stronger operating efficiency and potential benefits from ongoing industry tariffs and trade policy shifts. Analyst Commentary Analyst reactions to Cleveland-Cliffs’ recent performance and industry trends have been mixed, reflecting both optimism about the company’s trajectory and some caution about underlying challenges.
分析記事 • Oct 09

Cleveland-Cliffs Inc. (NYSE:CLF) Surges 26% Yet Its Low P/S Is No Reason For Excitement

Cleveland-Cliffs Inc. ( NYSE:CLF ) shares have continued their recent momentum with a 26% gain in the last month alone...
ナラティブ更新 • Oct 05

US Tariffs And Reshoring Will Support Domestic Steel Demand

Analysts have raised their fair value estimate for Cleveland-Cliffs from $11.31 to $11.57 per share. This update is based on improved cost performance, anticipated tariff benefits, and a more favorable risk/reward outlook for the company.
ナラティブ更新 • Sep 16

US Tariffs And Reshoring Will Support Domestic Steel Demand

Cleveland-Cliffs’ consensus price target has increased to $11.31 as improved cost and efficiency post-Q2, potential share gains in auto steel from tariffs and onshoring, and supportive trade policies offset soft underlying demand and future supply concerns. Analyst Commentary Bullish analysts note improved risk/reward for Cleveland-Cliffs post-Q2 earnings, citing better cost and efficiency performance.
分析記事 • Jun 29

There's No Escaping Cleveland-Cliffs Inc.'s (NYSE:CLF) Muted Revenues Despite A 27% Share Price Rise

Cleveland-Cliffs Inc. ( NYSE:CLF ) shareholders are no doubt pleased to see that the share price has bounced 27% in the...
Seeking Alpha • Apr 16

Cleveland-Cliffs: Even Tariffs Don't Seem To Help

Summary Tariffs are intended to raise domestic prices and boost U.S. steel producers' profits, but this hasn't significantly impacted Cleveland-Cliffs' stock price. The real issue isn't trade but technological change; integrated steel producers face declining demand due to increased recycling and electric arc furnace use. Cleveland-Cliffs' expansion and debt burden exacerbate its vulnerability in a market shifting away from virgin steel production. Tariffs alone won't solve Cleveland-Cliffs' structural problems; the industry's future lies in adapting to technological advancements, not trade protectionism. Read the full article on Seeking Alpha
Seeking Alpha • Mar 14

Cleveland-Cliffs: No Panic, A Rebound May Be Near

Summary Cleveland-Cliffs has underperformed, dropping 26% since my initial "Buy" rating, but I maintain my stance due to recent positive trends. Q4 2024 saw the lowest steel demand since 2010, but financial improvements and a strong order book signal a potential turnaround. The inclusion of Stelco and rising HRC prices could significantly boost CLF's revenues, potentially exceeding market expectations. On a net-net basis, the steel imports tariffs recently imposed; should a) increase CLF's volumes; and b) increase pricing. CLF's fair value today is close to $13.25/share. Despite macro risks, tariffs should enhance CLF's volumes and pricing, justifying my continued "Buy" rating and plans to add to my position. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

Cleveland-Cliffs Could Be At The Beginning Of A Major Pricing Upcycle

Summary Cleveland-Cliffs Inc. has multiple catalysts coming forth in 2025, driven by an improved macroeconomic environment and US manufacturing outlook. Section 232 tariffs have the ability to benefit Cleveland-Cliffs on multiple fronts, including price support and higher volume sales if imports decline. Cleveland-Cliffs may also benefit from nearshoring manufacturing, potentially driving more domestic construction projects. Higher steel prices from tariffs should benefit CLF, but potential risks include constrained demand from high interest rates and supply chain adjustments in the automotive industry. Read the full article on Seeking Alpha
Seeking Alpha • Feb 11

Cleveland-Cliffs: Trump Tariffs Likely To Boost Results

Summary Cleveland-Cliffs remains a Buy despite the failed U.S. Steel acquisition and falling steel prices, as fundamentals remain strong. The company's vertical model and Trump's 25% steel tariffs enhance competitiveness, particularly against foreign producers, offering long-term advantages. Financial results show a tough 2024 with a significant drop in steel prices, leading to negative cash flow and increased debt, but management remains optimistic. Updated valuation reflects a more conservative outlook due to cyclicality and higher interest rates, but the intrinsic value still supports a Buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Feb 01

Cleveland-Cliffs: Don't Bite Off More Than You Can Chew

Summary The investment thesis highlights strong revenue growth, robust market position, and innovative product pipeline as key drivers for future performance. Rating justification is based on consistent earnings growth, favorable industry trends, and strategic acquisitions enhancing competitive advantage. The opening paragraphs emphasize the company's impressive financial performance and strategic initiatives that position it for long-term success. Closing paragraphs underscore potential risks but affirm confidence in the company's ability to navigate challenges and deliver shareholder value. Read the full article on Seeking Alpha
Seeking Alpha • Dec 10

Trump, Tariffs, And Turnarounds: Why Cleveland-Cliffs Is A Top Pick For 2025

Summary Cleveland-Cliffs faces 2024 headwinds from a challenging manufacturing environment, pricing pressures, and weaker automotive demand, but strategic moves position it well for future growth. The Stelco acquisition enhances CLF's supply chain, cuts costs, and boosts its product portfolio, making it a stronger player in North American steel production. Potential tariff and domestic manufacturing support from the Trump administration could provide significant tailwinds, with a 2025 manufacturing rebound expected to drive earnings growth. Despite its volatility and cyclical risks, CLF's attractive valuation and long-term potential make it a compelling opportunity for investors with higher risk tolerance. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers

Summary Cleveland-Cliffs Inc. remains a "Buy" despite recent declines, driven by long-term growth potential, strategic focus, and attractive valuation. The company's Q3 2024 performance was weak due to automotive industry struggles, but the Stelco acquisition is expected to enhance EBITDA margins and operational flexibility. Management's conservative capital spending and cost-saving initiatives position CLF well for future growth, with a focus on debt reduction and strategic investments. Potential Republican policies could boost domestic manufacturing, benefiting CLF, while cyclical risks in the steel industry remain a concern. I believe that Cleveland-Cliffs hasn't lost its long-term growth potential. The company's asset base continues to expand, and with CLF stock now significantly cheaper than before, it looks quite attractive. Read the full article on Seeking Alpha
Seeking Alpha • Oct 26

Cleveland-Cliffs: The American Steel Industry Is In An Economic Depression

Summary Cleveland-Cliffs faces significant economic pressures and is expected to lose money in Q3 and Q4. Due to falling steel prices, its stock has declined 22% since I last covered it. Rising production costs and a slow-moving economic slowdown in US manufacturing have severely impacted CLF's profitability, with gross margins dropping from 25% in 2021 to 3.2%. The American steel industry is struggling, with CLF and U.S. Steel particularly vulnerable due to overleveraging and inefficient operations compared to competitors like Nucor and Steel Dynamics. Despite potential government support, I remain bearish on CLF amid continued durable goods headwinds and overproduction in the US steel industry. Bipartisan protectionist attitudes regarding steel may give CLF minor risk protection, but I do not expect it to turn around until U.S. Steel is forced to dramatically lower production. Read the full article on Seeking Alpha
Seeking Alpha • Oct 08

Cleveland-Cliffs: There's No Sign Of A Turnaround

Summary Cleveland-Cliffs faces challenges due to overproduction and falling commodity prices, leading to a 'sell' recommendation. CLF’s liquidity and gross profit margins are declining, underperforming compared to competitors like United States Steel Corp. and Nucor Corp. Despite positive management expectations, there is no clear sign of a market turnaround, making it risky to hold the stock. The steel industry’s high production and low prices, coupled with declining earnings expectations, suggest better investment opportunities elsewhere. Read the full article on Seeking Alpha

収支内訳

Cleveland-Cliffs の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NYSE:CLF 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Mar 2618,903-1,2093050
31 Dec 2518,610-1,4733200
30 Sep 2518,622-1,6733180
30 Jun 2518,457-1,6692950
31 Mar 2518,615-1,1912430
31 Dec 2419,185-7602390
30 Sep 2419,972-4672710
30 Jun 2421,008403100
31 Mar 2421,9003893680
31 Dec 2321,9963843730
30 Sep 2321,9283373130
30 Jun 2321,9762262990
31 Mar 2322,3294742570
31 Dec 2222,9891,3322530
30 Sep 2223,2912,4242270
30 Jun 2223,6423,5032220
31 Mar 2222,3503,5612240
31 Dec 2120,4442,7982120
30 Sep 2117,3541,9842610
30 Jun 2112,9967432410
31 Mar 219,044-332290
31 Dec 205,354-1231900
30 Sep 203,632-1221500
30 Jun 202,542-201260
31 Mar 202,1922641090
31 Dec 191,9902951140
30 Sep 192,1528551140
30 Jun 192,3389631120
31 Mar 192,3091,0311050
31 Dec 182,3321,040990
30 Sep 182,148749940
30 Jun 182,003572920
31 Mar 181,760428940
31 Dec 171,8663651030
30 Sep 172,1081301060
30 Jun 172,065841150
31 Mar 172,090121130
31 Dec 161,555971090
30 Sep 161,831511100
30 Jun 161,8711031010
31 Mar 161,873461090
31 Dec 152,013971100
30 Sep 152,568-7311090
30 Jun 152,954-401530

質の高い収益: CLFは現在利益が出ていません。

利益率の向上: CLFは現在利益が出ていません。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: CLFは利益が出ておらず、過去 5 年間で損失は年間64.4%の割合で増加しています。

成長の加速: CLFの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。

収益対業界: CLFは利益が出ていないため、過去 1 年間の収益成長をMetals and Mining業界 ( 86.6% ) と比較することは困難です。

株主資本利益率

高いROE: CLFは現在利益が出ていないため、自己資本利益率 ( -19.32% ) はマイナスです。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/07 10:01
終値2026/05/07 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Cleveland-Cliffs Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。33

アナリスト機関
Ignace ProotBernstein
Tony RobsonBMO Capital Markets Equity Research
Tristan GresserBNP Paribas