Flagship explainer
How CLEVELAND-CLIFFS INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $18.6B | 100% |
| |
| Cost of revenue | $19.5B | 105% |
|
| −$860M | −5% |
| |
| −$1.6B | −8% |
| |
| Income before tax | −$2.0B | −11% |
|
| Income tax | −$581M | −3% |
|
| −$1.5B | −8% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0000764065-26-000025