Cleveland-Cliffs Inc. (CLF)财务
NYSE · Basic Materials · Steel · 员工25,000人 · CEO C. Lourenco Goncalves
- 股价
- $14.25 -0.07%
- 市值
- $81.3亿
- 企业价值
- $157亿
- 最近财报
- Q3 '26 2026-10-20提交
- 下次财报
- 2027-02-08 EPS预期 $0.42
营收(TTM)$201亿+7.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-1.0%+8.0 百分点 对比去年同期营业利润 -$2.03亿
净利润(TTM)-$4.73亿+71.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$4.85亿+68.6% 对比去年同期资本支出 $6.01亿
稀释EPS(TTM)-$0.90+73.5% 对比去年同期最近4个季度之和
净现金-$75.7亿+5.1% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $81.3亿 EV $157亿
- 营收
- $201亿 过去12个月
- 营收增速
- +15% FY2026年一致预期
- 净利润率
- -2.4% 净利润 / 营收,TTM
- P/E
- -16.0× 预期 354.3×(FY2026)
- P/S
- 0.4× 股价 / 营收,TTM
- EV / EBITDA
- 15.9× TTM
- 自由现金流
- -$4.85亿 过去12个月
- 净利润
- -$4.73亿 过去12个月
- 营收预期
- $214亿 FY2026年一致预期
- 盈利
- 2027-02-08 营收预期 $56.2亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-19):营收低于预期1.5%,EPS 超预期30.8%营收$56.1亿,预期$56.9亿(-1.5%);EPS $0.28,预期$0.21(+30.8%)。
- 营收增长加速:同比18.5%Q3 '26营收$56.1亿,此前四个季度的平均值为3.9%。
- 营业利润率-1.0%(TTM),较去年同期+8.0 百分点营收增长7.8%,营业利润增长87.9%。
- 资本支出占营收的3.0%(去年为3.4%)最近4个季度投入$6.01亿(同比-4.0%)。自由现金流-$4.85亿。
- 稀释股数一年内增加18.8%Q3 '26稀释股数5.85亿,一年前为4.92亿。
- 净债务 $75.7亿现金 + 短期投资 $7700万,含租赁债务 $76.5亿;一年前净债务 $79.7亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $56.1亿 | $47.3亿 | +18.5% |
| 毛利率 | 8.3% | -1.0% | +9.3 百分点 |
| 营业利润 | $3.12亿 | -$1.76亿 | +277.3% |
| 营业利润率 | 5.6% | -3.7% | +9.3 百分点 |
| 净利润 | $1.52亿 | -$2.51亿 | +160.6% |
| 稀释EPS | $0.26 | -$0.51 | +151.0% |
| 经营现金流 | $2.24亿 | -$1.43亿 | +256.6% |
| 资本支出 | $1.52亿 | $1.57亿 | -3.2% |
| 自由现金流 | $7200万 | -$3亿 | +124.0% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-19| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $56.1亿 | $56.9亿 | -1.5% |
| EPS(一致预期口径) | $0.28 | $0.21 | +30.8% |
来自2026-10-19发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Steelmaking | $54.5亿 | +19.4% | 91.5% | $194亿 | -34.0% | |
| Other Businesses | $5.04亿 | +191.3% | 8.5% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $1.16亿
- 资本支出
- -$6.01亿
- 股票回购
- $0
- 股息
- $0
- 收购
- $5300万
- 债务净发行
- $2500万
- 股权激励费用
- $0
- 自由现金流
- -$4.85亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -16.0× | 12.2× 5年中的3年 | 4.1× – 26.2× |
| EV / EBITDA | 15.9× | 11.9× 5年中的4年 | 3.5× – 32.4× |
| EV / 营收 | 0.8× | 0.7× | 0.6× – 0.9× |
| 股价 / FCF | -16.8× | 6.0× 5年中的3年 | 5.6× – 6.6× |
| 股价 / 净资产 | 1.4× | 1.3× | 0.7× – 2.2× |
| FCF收益率 | -6.0% | 4.3% | -15.7% – 17.7% |
| 投入资本回报率 | -0.8% | 5.0% | -5.7% – 20.5% |
| 净资产收益率 | -8.1% | 8.2% | -24.2% – 54.4% |
分析师
一致目标价 $14.00 (-1.8%)
区间 $11.50 – $17.48 · 评级 Hold
强烈买入0
买入11
持有22
卖出11
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $214亿 | +15.1% | $0.04 | +101.3% | 354.3× | 4 |
| FY2027 | $232亿 | +8.3% | $1.42 | +3,420.6% | 10.1× | 6 |
| FY2028 | $228亿 | -1.8% | $0.76 | -46.6% | 18.8× | 5 |
| FY2029 | $228亿 | +0.1% | $1.60 | +111.7% | 8.9× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Cleveland-Cliffs Inc.在近期10-Q / 10-K文件中标记的全部316项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $23.3亿 | $19.1亿 | +21.6% | $18.9亿 | $20.1亿 | -5.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $21.6亿 | $18亿 | +20.1% | $14.4亿 | $15.8亿 | -8.5% |
| Accrual for Environmental Loss Contingencies | $1.14亿 | $1.12亿 | +1.8% | $1.12亿 | $1.14亿 | -1.8% |
| Accrued Environmental Loss Contingencies, Current | $1400万 | $1500万 | -6.7% | $1100万 | $1400万 | -21.4% |
| Accrued Environmental Loss Contingencies, Noncurrent | $1亿 | $9700万 | +3.1% | $1.01亿 | $1亿 | +1.0% |
| Accrued Liabilities, Current | $3.1亿 | $3.39亿 | -8.6% | $3.96亿 | $3.75亿 | +5.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $64.4亿 | $56.2亿 | +14.5% | $58.3亿 | $48.1亿 | +21.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $12.5亿 | $15.6亿 | -20.0% | $14.9亿 | $15.4亿 | -2.9% |
| Additional Paid in Capital | $57.6亿 | $47.8亿 | +20.4% | $57.4亿 | $47.6亿 | +20.6% |
| Amortization of Intangible Assets | $2000万 | $2100万 | -4.8% | $8100万 | $2400万 | +237.5% |
| Asset Impairment Charges | $0 | $0 | – | $2900万2022-12-31 | $100万 | +2,800.0% |
| Asset Retirement Obligation | $6.16亿 | $5.35亿 | +15.1% | $5.99亿 | $5.26亿 | +13.9% |
| Asset Retirement Obligation, Accretion Expense | $800万 | $600万 | +33.3% | $3000万 | $2200万 | +36.4% |
| Asset Retirement Obligation, Current | $1800万 | $1800万 | 0.0% | $1800万 | $2500万 | -28.0% |
| Asset Retirement Obligation, Liabilities Settled | $300万 | $400万 | -25.0% | $1900万 | $3300万 | -42.4% |
| Asset Retirement Obligation, Revision of Estimate | $0 | -$100万 | +100.0% | -$4400万 | -$5800万 | +24.1% |
| Asset Retirement Obligations, Noncurrent | $5.98亿 | $5.17亿 | +15.7% | $5.81亿 | $5.01亿 | +16.0% |
| Assets | $203亿 | $203亿 | +0.3% | $200亿 | $209亿 | -4.5% |
| Assets for Plan Benefits, Defined Benefit Plan | $5.89亿 | $4.69亿 | +25.6% | $4.69亿 | $4.27亿 | +9.8% |
| Assets, Current | $71亿 | $66.9亿 | +6.2% | $64.4亿 | $69.1亿 | -6.8% |
| Business Acquisition, Transaction Costs | $100万2025-12-31 | $4200万 | -97.6% | $100万 | $4200万 | -97.6% |
| Business Combination, Acquisition Related Costs | $02025-12-31 | $3000万 | -100.0% | $100万 | $4400万 | -97.7% |
| Capital Expenditures Incurred but Not yet Paid | $100万2026-06-30 | -$1500万 | +106.7% | -$1530万2019-12-31 | -$9360万 | +83.7% |
| Cash | $7700万 | $6600万 | +16.7% | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $7700万 | $6600万 | +16.7% | $5700万 | $5400万 | +5.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $7700万 | $7300万 | +5.5% | $6300万 | $6000万 | +5.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $100万 | $500万 | -80.0% | $100万 | -$1.37亿 | +100.7% |
| Common Stock, Par or Stated Value Per Share | $0.13 | $0.13 | 0.0% | $0.13 | $0.13 | 0.0% |
| Common Stock, Shares Authorized | 12亿 | 12亿 | 0.0% | 12亿 | 12亿 | 0.0% |
| Common Stock, Shares, Issued | 6.06亿 | 5.31亿 | +14.1% | 6.06亿 | 5.31亿 | +14.1% |
| Common Stock, Shares, Outstanding | 5.71亿 | 4.95亿 | +15.3% | 5.7亿 | 4.94亿 | +15.3% |
| Common Stock, Value, Outstanding | $7600万 | $6600万 | +15.2% | $7600万 | $6600万 | +15.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $1300万 | $1700万 | -23.5% | $5000万 | $4600万 | +8.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $6700万 | -$3.32亿 | +120.2% | -$15.2亿 | -$8.8亿 | -73.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8000万 | -$3.15亿 | +125.4% | -$14.7亿 | -$8.34亿 | -76.6% |
| Cost of Goods and Services Sold | $51.5亿 | $47.8亿 | +7.7% | $195亿 | $191亿 | +1.8% |
| Costs and Expenses | $53亿 | $49.4亿 | +7.4% | $202亿 | $199亿 | +1.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$7000万 | -$3800万 | -84.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | $300万 | -100.0% |
| Current Income Tax Expense (Benefit) | – | – | – | -$7500万 | -$4100万 | -82.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$500万 | -$600万 | +16.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $6700万 | $9600万 | -30.2% | $7700万 | $8300万 | -7.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$3.24亿 | -$1.53亿 | -111.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1.24亿 | -$900万 | -1,277.8% |
| Deferred Income Tax Expense (Benefit) | $4500万 | -$7800万 | +157.7% | -$5.06亿 | -$1.96亿 | -158.2% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$5800万 | -$3300万 | -75.8% |
| Deferred Tax and Other Liabilities, Noncurrent | $3亿 | $5.06亿 | -40.7% | $3.75亿 | $8.49亿 | -55.8% |
| Deferred Tax Assets, Gross | $17亿2025-12-31 | $11.2亿 | +51.2% | $17亿 | $11.2亿 | +51.2% |
| Deferred Tax Assets, Inventory | $6200万2025-12-31 | $5300万 | +17.0% | $6200万 | $5300万 | +17.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $13亿2025-12-31 | $7.34亿 | +77.5% | $13亿 | $7.34亿 | +77.5% |
| Deferred Tax Assets, Operating Loss Carryforwards | $7.78亿2025-12-31 | $5.89亿 | +32.1% | $7.78亿 | $5.89亿 | +32.1% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $48.3亿2025-12-31 | $35.5亿 | +36.0% | $48.3亿 | $35.5亿 | +36.0% |
| Deferred Tax Assets, Operating Loss Carryforwards, Foreign | $16.7亿2025-12-31 | $15.1亿 | +11.0% | $16.7亿 | $15.1亿 | +11.0% |
| Deferred Tax Assets, State Taxes | $9300万2025-12-31 | $3600万 | +158.3% | $9300万 | $3600万 | +158.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $7100万2025-12-31 | $7100万 | 0.0% | $7100万 | $7100万 | 0.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits | $1.54亿2025-12-31 | $1.29亿 | +19.4% | $1.54亿 | $1.29亿 | +19.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Asset Retirement Obligations | $7700万2025-12-31 | $6900万 | +11.6% | $7700万 | $6900万 | +11.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other | $1.07亿2025-12-31 | $6900万 | +55.1% | $1.07亿 | $6900万 | +55.1% |
| Deferred Tax Assets, Valuation Allowance | $3.94亿2025-12-31 | $3.88亿 | +1.5% | $3.94亿 | $3.88亿 | +1.5% |
| Deferred Tax Liabilities, Gross | $16.2亿2025-12-31 | $15.8亿 | +2.2% | $16.2亿 | $15.8亿 | +2.2% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02