PerpEquities

Equity

Cleveland-Cliffs Inc. (CLF) perpetual futures

Cleveland-Cliffs Inc. is a North American flat-rolled steel manufacturer producing carbon, stainless and electrical steels, tubular components and tin mill products, and it owns iron ore mines in Minnesota and Michigan.

+16.3%NYSE closed
Open in terminal

Price chart

Interactive TradingView chart

TradingView symbol NYSE:CLF

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Trading data

Perpetual market activity

0/1 live markets
Venues
1
Live markets
0/1
24h volume
-
Open interest
-
Best liquidity
-
Tightest spread
-
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+16.34%
5D+14.17%
1M+12.80%
6M+44.91%
YTD+6.17%
1Y-12.86%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BingXTradeCLF-USDTPlanned------USDT-
Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

-
No live data-

Company data

Company fundamentals

Updated 1h ago
Market cap
$8B
Updated 1h ago
Revenue
$20.1B
Trailing 12 months
Revenue growth
+16%
Next fiscal year
Profit margin
-2.4%
P/E
-15.8
Peer P/E -12.3
Free cash flow
-$485M
Trailing 12 months
More metrics
Net income
-$473M
Trailing 12 months
P/S
0.4
Peer P/E
-12.3
Similar listed perps
Revenue estimate
$21.5B
Next fiscal year
Earnings
2027-02-08
Revenue est. $5.6B · Updated 1h ago
Dividend
$0.06
2020-04-02

Fundamental detail

Annual + quarterly
Latest revenue$18.6B
Net margin-7.9%
Free cash flow-$1B
Net debt$8.1B
2020$5.4B
2021$20.4B
2022$23B
2023$22B
2024$19.2B
2025$18.6B
PeriodRevenueGrowthNet incomeFCF
2020$5.4B+169%-$122M-$786M
2021$20.4B+282%$3B$2.1B
2022$23B+12%$1.3B$1.5B
2023$22B-4%$399M$1.6B
2024$19.2B-13%-$754M-$590M
2025$18.6B-3%-$1.5B-$1B
PeriodGross marginOperating marginNet marginROEROA
2020+4.7%-2.7%-2.3%-4.4%-0.7%
2021+22.2%+19.6%+14.6%+54.4%+15.7%
2022+11.0%+8.4%+5.8%+17.1%+7.1%
2023+6.3%+3.1%+1.8%+5.1%+2.3%
2024+0.4%-3.9%-3.9%-11.3%-3.6%
2025-4.1%-7.3%-7.9%-24.2%-7.4%
PeriodCashDebtNet debtCurrent ratio
2020$112M$6B$5.9B1.81
2021$48M$5.8B$5.8B2.15
2022$26M$4.7B$4.7B2.09
2023$198M$3.6B$3.4B1.89
2024$54M$7.8B$7.7B2.08
2025$57M$8.2B$8.1B1.95
PeriodMarket capEnterprise valueP/SP/E
2020$5.5B$11.4B1.0-45.5
2021$12.1B$17.9B0.64.1
2022$8.4B$13B0.46.3
2023$10.4B$13.8B0.526.2
2024$4.5B$12.2B0.2-6.0
2025$6.5B$14.6B0.4-4.4
Q4 2024$4.3B
Q1 2025$4.6B
Q2 2025$4.9B
Q3 2025$4.7B
Q4 2025$4.3B
Q1 2026$4.9B
Q2 2026$5.2B
Q3 2026$5.6B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$4.3B-15%-$447M-$677M
Q1 2025$4.6B-11%-$495M-$503M
Q2 2025$4.9B-3%-$483M-$67M
Q3 2025$4.7B+4%-$251M-$300M
Q4 2025$4.3B0%-$243M-$153M
Q1 2026$4.9B+6%-$237M-$477M
Q2 2026$5.2B+6%-$145M$73M
Q3 2026$5.6B+19%$152M$72M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024-6.3%-10.8%-10.3%-6.7%-2.1%
Q1 2025-8.4%-11.6%-10.7%-7.9%-2.4%
Q2 2025-4.2%-10.1%-9.8%-8.3%-2.4%
Q3 2025-1.0%-3.7%-5.3%-4.6%-1.2%
Q4 2025-4.4%-7.5%-5.6%-4.0%-1.2%
Q1 2026-1.7%-4.2%-4.8%-4.1%-1.2%
Q2 2026+3.7%+0.3%-2.8%-2.6%-0.7%
Q3 2026+8.3%+5.6%+2.7%+2.5%+0.7%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$54M$7.8B$7.7B2.08
Q1 2025$57M$7.6B$7.5B2.13
Q2 2025$61M$7.7B$7.7B2.04
Q3 2025$66M$8B$8B2.04
Q4 2025$57M$8.2B$8.1B1.95
Q1 2026$45M$7.8B$7.7B2.02
Q2 2026$70M$7.7B$7.6B1.89
Q3 2026$77M$7.6B$7.6B1.87
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$4.6B$12.3B1.1-2.6
Q1 2025$4.1B$11.6B0.9-2.1
Q2 2025$3.8B$11.5B0.8-2.0
Q3 2025$6B$14B1.3-6.0
Q4 2025$6.5B$14.6B1.5-6.8
Q1 2026$4.8B$12.5B1.0-5.0
Q2 2026$5.4B$13B1.0-9.4
Q3 2026$6.2B$13.8B1.110.2

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$5.6BQ3 2026
$1.4B$2.8B$4.2B$5.6BQ4 2023: $5.1BQ1 2024: $5.2BQ2 2024: $5.1BQ3 2024: $4.6BQ4 2024: $4.3BQ1 2025: $4.6BQ2 2025: $4.9BQ3 2025: $4.7BQ4 2025: $4.3BQ1 2026: $4.9BQ2 2026: $5.2BQ3 2026: $5.6BQ4 2023Q3 2026
Net income$152MQ3 2026
-$333.3M-$171.5M-$9.8M$152MQ4 2023: -$155MQ1 2024: -$67MQ2 2024: $2MQ3 2024: -$242MQ4 2024: -$447MQ1 2025: -$495MQ2 2025: -$483MQ3 2025: -$251MQ4 2025: -$243MQ1 2026: -$237MQ2 2026: -$145MQ3 2026: $152MQ4 2023Q3 2026
EBITDA$571MQ3 2026
-$13.3M$181.5M$376.3M$571MQ4 2023: $190MQ1 2024: $233MQ2 2024: $291MQ3 2024: $31MQ4 2024: -$177MQ1 2025: -$208MQ2 2025: -$76MQ3 2025: $132MQ4 2025: -$15MQ1 2026: $100MQ2 2026: $329MQ3 2026: $571MQ4 2023Q3 2026
Free cash flow$72MQ3 2026
-$394.5M-$112M$170.5M$453MQ4 2023: $453MQ1 2024: -$40MQ2 2024: $362MQ3 2024: -$235MQ4 2024: -$677MQ1 2025: -$503MQ2 2025: -$67MQ3 2025: -$300MQ4 2025: -$153MQ1 2026: -$477MQ2 2026: $73MQ3 2026: $72MQ4 2023Q3 2026
EPS$0.26Q3 2026
-$0.69-$0.37-$0.05$0.26Q4 2023: -$0.31Q1 2024: -$0.14Q2 2024: $0Q3 2024: -$0.52Q4 2024: -$0.92Q1 2025: -$1Q2 2025: -$0.97Q3 2025: -$0.51Q4 2025: -$0.49Q1 2026: -$0.42Q2 2026: -$0.25Q3 2026: $0.26Q4 2023Q3 2026
Cash / Debt$77MQ3 2026
$2B$4.1B$6.1B$8.2BQ4 2023 · Cash: $198MQ4 2023 · Debt: $3.6BQ1 2024 · Cash: $30MQ1 2024 · Debt: $3.7BQ2 2024 · Cash: $110MQ2 2024 · Debt: $3.5BQ3 2024 · Cash: $39MQ3 2024 · Debt: $3.8BQ4 2024 · Cash: $54MQ4 2024 · Debt: $7.8BQ1 2025 · Cash: $57MQ1 2025 · Debt: $7.6BQ2 2025 · Cash: $61MQ2 2025 · Debt: $7.7BQ3 2025 · Cash: $66MQ3 2025 · Debt: $8BQ4 2025 · Cash: $57MQ4 2025 · Debt: $8.2BQ1 2026 · Cash: $45MQ1 2026 · Debt: $7.8BQ2 2026 · Cash: $70MQ2 2026 · Debt: $7.7BQ3 2026 · Cash: $77MQ3 2026 · Debt: $7.6BQ4 2023Q3 2026
CashDebt
Profitability+8.3%Q3 2026
-6.6%-1.7%+3.3%+8.3%Q4 2023 · Gross margin: +3.3%Q1 2024 · Gross margin: +5.5%Q2 2024 · Gross margin: +3.2%Q3 2024 · Gross margin: -2.3%Q4 2024 · Gross margin: -6.3%Q1 2025 · Gross margin: -8.4%Q2 2025 · Gross margin: -4.2%Q3 2025 · Gross margin: -1.0%Q4 2025 · Gross margin: -4.4%Q1 2026 · Gross margin: -1.7%Q2 2026 · Gross margin: +3.7%Q3 2026 · Gross margin: +8.3%Q4 2023 · Operating margin: -2.0%Q1 2024 · Operating margin: -0.7%Q2 2024 · Operating margin: +0.1%Q3 2024 · Operating margin: -5.7%Q4 2024 · Operating margin: -10.8%Q1 2025 · Operating margin: -11.6%Q2 2025 · Operating margin: -10.1%Q3 2025 · Operating margin: -3.7%Q4 2025 · Operating margin: -7.5%Q1 2026 · Operating margin: -4.2%Q2 2026 · Operating margin: +0.3%Q3 2026 · Operating margin: +5.6%Q4 2023 · Net margin: -3.0%Q1 2024 · Net margin: -1.3%Q2 2024 · Net margin: 0.0%Q3 2024 · Net margin: -5.3%Q4 2024 · Net margin: -10.3%Q1 2025 · Net margin: -10.7%Q2 2025 · Net margin: -9.8%Q3 2025 · Net margin: -5.3%Q4 2025 · Net margin: -5.6%Q1 2026 · Net margin: -4.8%Q2 2026 · Net margin: -2.8%Q3 2026 · Net margin: +2.7%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth+18.5%Q3 2026
-6.9%+1.6%+10.1%+18.5%Q4 2024: -15.4%Q1 2025: -11.0%Q2 2025: -3.1%Q3 2025: +3.6%Q4 2025: -0.3%Q1 2026: +6.3%Q2 2026: +5.9%Q3 2026: +18.5%Q4 2023Q3 2026
Shares outstanding584.6MQ3 2026
146.2M292.3M438.5M584.6MQ4 2023: 504.9MQ1 2024: 492MQ2 2024: 474MQ3 2024: 468MQ4 2024: 485.9MQ1 2025: 495MQ2 2025: 497.9MQ3 2025: 492.2MQ4 2025: 492.2MQ1 2026: 564.3MQ2 2026: 571MQ3 2026: 584.6MQ4 2023Q3 2026
Valuation10.2Q3 2026
198.6437.8676.9916.1Q4 2023 · P/E: -16.5Q1 2024 · P/E: -40.5Q2 2024 · P/E: 916.1Q3 2024 · P/E: -6.1Q4 2024 · P/E: -2.6Q1 2025 · P/E: -2.1Q2 2025 · P/E: -2.0Q3 2025 · P/E: -6.0Q4 2025 · P/E: -6.8Q1 2026 · P/E: -5.0Q2 2026 · P/E: -9.4Q3 2026 · P/E: 10.2Q4 2023 · P/S: 2.0Q1 2024 · P/S: 2.1Q2 2024 · P/S: 1.4Q3 2024 · P/S: 1.3Q4 2024 · P/S: 1.1Q1 2025 · P/S: 0.9Q2 2025 · P/S: 0.8Q3 2025 · P/S: 1.3Q4 2025 · P/S: 1.5Q1 2026 · P/S: 1.0Q2 2026 · P/S: 1.0Q3 2026 · P/S: 1.1Q4 2023Q3 2026
P/EP/S
Revenue$18.6B2025
$5.7B$11.5B$17.2B$23B2018: $2.3B2019: $2B2020: $5.4B2021: $20.4B2022: $23B2023: $22B2024: $19.2B2025: $18.6B20182025
Net income-$1.5B2025
-$361.5M$755M$1.9B$3B2018: $1.1B2019: $292.8M2020: -$122M2021: $3B2022: $1.3B2023: $399M2024: -$754M2025: -$1.5B20182025
EBITDA-$175M2025
$1.1B$2.4B$3.7B$5B2018: $776M2019: $498.4M2020: $353M2021: $5B2022: $3.1B2023: $1.9B2024: $378M2025: -$175M20182025
Free cash flow-$1B2025
-$247.3M$528.5M$1.3B$2.1B2018: $182.4M2019: -$93.5M2020: -$786M2021: $2.1B2022: $1.5B2023: $1.6B2024: -$590M2025: -$1B20182025
EPS-$32025
-$0.91$1.17$3.26$5.352018: $3.712019: $1.032020: -$0.322021: $5.352022: $2.552023: $0.782024: -$1.572025: -$320182025
Cash / Debt$57M2025
$2B$4.1B$6.1B$8.2B2018 · Cash: $823.2M2018 · Debt: $2.1B2019 · Cash: $352.6M2019 · Debt: $2.1B2020 · Cash: $112M2020 · Debt: $6B2021 · Cash: $48M2021 · Debt: $5.8B2022 · Cash: $26M2022 · Debt: $4.7B2023 · Cash: $198M2023 · Debt: $3.6B2024 · Cash: $54M2024 · Debt: $7.8B2025 · Cash: $57M2025 · Debt: $8.2B20182025
CashDebt
Profitability-4.1%2025
+6.1%+20.2%+34.3%+48.4%2018 · Gross margin: +34.7%2019 · Gross margin: +28.9%2020 · Gross margin: +4.7%2021 · Gross margin: +22.2%2022 · Gross margin: +11.0%2023 · Gross margin: +6.3%2024 · Gross margin: +0.4%2025 · Gross margin: -4.1%2018 · Operating margin: +28.9%2019 · Operating margin: +21.6%2020 · Operating margin: -2.7%2021 · Operating margin: +19.6%2022 · Operating margin: +8.4%2023 · Operating margin: +3.1%2024 · Operating margin: -3.9%2025 · Operating margin: -7.3%2018 · Net margin: +48.4%2019 · Net margin: +14.7%2020 · Net margin: -2.3%2021 · Net margin: +14.6%2022 · Net margin: +5.8%2023 · Net margin: +1.8%2024 · Net margin: -3.9%2025 · Net margin: -7.9%20182025
Gross marginOperating marginNet margin
Revenue growth-3.0%2025
+59.4%+133.6%+207.7%+281.8%2019: -14.7%2020: +169.1%2021: +281.8%2022: +12.4%2023: -4.3%2024: -12.8%2025: -3.0%20182025
Shares outstanding492.2M2025
139.5M279M418.5M558M2018: 304.1M2019: 284.5M2020: 379M2021: 558M2022: 524M2023: 511M2024: 480M2025: 492.2M20182025
Valuation-4.42025
-27.6-9.78.326.22018 · P/E: 2.02019 · P/E: 7.92020 · P/E: -45.52021 · P/E: 4.12022 · P/E: 6.32023 · P/E: 26.22024 · P/E: -6.02025 · P/E: -4.42018 · P/S: 1.02019 · P/S: 1.22020 · P/S: 1.02021 · P/S: 0.62022 · P/S: 0.42023 · P/S: 0.52024 · P/S: 0.22025 · P/S: 0.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2027-02-08
Revenue est. $5.6B · Updated 1h ago
Dividend
$0.06
2020-04-02

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.08$21.5B+16%4
FY 20270.97$22.8B+23%6
FY 20280.66$22.5B+21%5
FY 20291.60$22.8B+23%1
Q1 20280.17$5.6B+14%2
Q2 20280.29$6B+14%2

Company events

6
2027-02-08EarningsActual - / Estimate 0.33-
2026-10-19EarningsActual 0.28 / Estimate 0.21Beat
2026-07-23EarningsActual -0.2 / Estimate -0.21Beat
2026-04-20EarningsActual -0.4 / Estimate -0.44Beat
2026-02-09EarningsActual -0.43 / Estimate -0.62Beat
2025-10-20EarningsActual -0.45 / Estimate -0.48Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
ZETA$8.1B5.2-3,693.2-0.1%1NIO$8.2B0.5-11.8-4.0%4WYNN$7.8B1.117.4+6.1%1EAT$8.3B1.417.7+8.4%1AAL$7.7B0.1-23.8-0.6%7ABVX$7.7B--16.8+17,488.9%1HUT$8.4B26.4-12.9-188.5%16OSCR$8.4B0.619.0+3.6%3

Analyst track record

How the analysts covering CLF have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings87192
Analysts2025
Buy / hold / sell11 / 64 / 1239 / 134 / 19
Upgrades / downgrades / initiations7 / 4 / 512 / 14 / 11
Price targets hit / missed70 / 9 (89%)122 / 49 (71%)
Avg. return after a rating (TipRanks)+22.6%+16.5%
Best / worst call+145.2% / -19.3%+260.6% / -48.2%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Oct 20, 2026Timna TannersWells FargoBuyReiterated$17.00article ↗
Oct 19, 2026Timna TannersWells FargoBuyMaintained$17.00
Oct 19, 2026Richard GarchitorenaBarclaysSellMaintained$11.00article ↗
Oct 9, 2026Bill PetersonJ.P. MorganHoldMaintained$12.00article ↗
Oct 6, 2026Gordon JohnsonGLJ ResearchBuyUpgraded$14.00article ↗

TipRanks data via FMP · computed Oct 20, 2026 · 87 ratings

Embed this asset

CLF perpetuals · perpequities.comCLF perpetuals · perpequities.com
<a href="https://perpequities.com/stocks/clf-perp"><img src="https://perpequities.com/badge/clf-perp.svg" width="240" height="64" alt="CLF perpetuals · perpequities.com" loading="lazy"></a>

Raw data: JSON · CSV · API

Next step

Stay on top of CLF perps

Signals with a track record

Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

Join on Telegram

Weekly digest by email

The listings, funding and moves that matter for CLF — one email every Sunday.

Watchlist and alerts

Price and funding alerts for CLF, via push or Telegram.

Set an alert

Follow the live feed

Daily movers, new listings and funding extremes as they happen.

Follow on X