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Cliffs's revenue is $19.2 billion.

What is Cliffs's revenue?

Cliffs's annual revenue is $19.2B. Zippia's data science team found the following key financial metrics about Cliffs after extensive research and analysis.
  • Cliffs's revenue growth from 2008 to 2024 is 431.57%.
  • Cliffs has 25,000 employees, and the revenue per employee ratio is $767,400.
  • Cliffs's peak quarterly revenue was $6.3B in 2022(q2).
  • Cliffs peak revenue was $23.0B in 2022.
  • Cliffs annual revenue for 2023 was 22.0B, -4.32% growth from 2022.
  • Cliffs annual revenue for 2024 was 19.2B, -12.78% growth from 2023.

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Most recent quarter revenue
$4.3B (Q4'2024)
Company most recent quarter revenue
Peak revenue
$23.0B (2022)
Company peak revenue
Revenue / employee
$767,400
Company revenue / employee

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Most recent quarter revenue
$4.3B (Q4'2024)
Company most recent quarter revenue
Peak revenue
$23.0B (2022)
Company peak revenue
Revenue / employee
$767,400
Company revenue / employee

Cliffs historical revenue

Cliffs's peak revenue was $23.0B in 2022. The peak quarterly revenue was $6.3B in 2022(q2).

Cliffs's revenue increased from $3.6b in 2008 to $19.2B currently. That's a 431.57% change in annual revenue.

Cliffs annual revenue

$23B
$18B
$14B
$9B
$5B
$0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

Cliffs annual revenue over time

Fiscal year / yearCliffs revenue
2009$2.3B
2010$4.5B
2011$6.6B
2012$5.9B
2013$3.9B
2014$3.4B
2015$2.0B
2016$1.6B
2017$1.9B
2018$2.3B
2019$2.0B
2020$5.4B
2021$20.4B
2022$23.0B
2023$22.0B
2024$19.2B

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Cliffs annual growth

Cliffs saw the greatest revenue growth in 2021, when revenue increased by 281.85%.

Cliffs had the lowest revenue growth in 2015, when revenue changed by -40.31%.

Cliffs annual growth rate over time

YearCliffs growth
2009
-35%
2010
91%
2011
46%
2012
-11%
2013
-34%
2014
-13%
2015
-40%
2016
-23%
2017
20%
2018
25%
2019
-15%
2020
169%
2021
282%
2022
12%
2023
-4%
2024
-13%

Cliffs quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$6B
$5B
$4B
$3B
$1B
$0
2020
2021
2022
2023
2024

Cliffs quarterly growth rate over time

YearQ1Q2Q3Q4
2010-$1.2B$1.3B$1.2B
2011$1.2B$1.8B$2.1B$1.6B
2012$1.2B$1.6B$1.5B$1.5B
2013$1.1B$1.5B$1.5B($284.8M)
2014$615.5M$747.7M$979.7M$1.0B
2015$446.0M$498.1M$593.2M$476.0M
2016$305.5M$496.2M$553.3M$199.5M
2017$461.6M$471.3M$596.7M$511.8M
2018$180.0M$714.3M$741.8M$695.9M
2019$157.0M$743.2M$555.6M$534.2M
2020$359.0M$1.1B$1.6B$2.3B
2021$4.0B$5.0B$6.0B$5.3B
2022$6.0B$6.3B$5.7B$5.0B
2023$5.3B$6.0B$5.6B$5.1B
2024$5.2B$5.1B$4.6B$4.3B

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Cliffs financial information

CEOC. Lourenço Gonçalves
IndustryMaterials
Company TypePublic
Employees Number25,000
Date Founded1847
HeadquartersCleveland, Ohio
Number of Locations42
Revenue$19.2B
Net Income$1,335,000,000
Gross Proft$70.0M (2024)
PE Ratio-3.67
Tax Rate0.2%
Market Capitalization$2.8B
Total Assets$18,755,000,000
TickerCLF

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Cliffs financing

Cliffs received early financing of $120.0M on 2020-06-17.

SeriesRound sizeDate
Post Ipo Debt$120M06/2020

Cliffs competitors

Cliffs's top competitor, Alpha Metallurgical Resources, earned an annual revenue of $3.0B.

Cliffs's smallest competitor is Aries with revenue of $284.9K last year.

Company nameAverage salaryRevenueEmployee sizeJob openings
Murray Energy-$1.0B3,000-
American Energy Products-$10.0M50-
GMS Mine Repair-$28.2M100-
Patriot Coal-$24.0M3,500-
Aries-$284.9K5-
Alpha Metallurgical Resources-$3.0B3,000-
Val-Co-$13.8M50-
AAA Signs-$10.1M50-
Enviro-Tech-$2.9M10-
Gibson-$990.0M2,800-

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Zippia gives an in-depth look into the details of Cliffs, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cliffs. The employee data is based on information from people who have self-reported their past or current employments at Cliffs. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cliffs. The data presented on this page does not represent the view of Cliffs and its employees or that of Zippia.

Cliffs may also be known as or be related to Cleveland Cliffs, Cleveland-Cliffs, Cleveland-Cliffs Inc, Cleveland-Cliffs Inc. and Cliffs.