Cleveland-Cliffs Inc (CLF)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -754,000 | -462,000 | 44,000 | 389,000 | 399,000 | 340,000 | 228,000 | 477,000 | 1,335,000 | 2,442,000 | 3,564,000 | 3,748,000 | 2,988,000 | 2,159,000 | 875,000 | -29,000 | -122,000 | -122,600 | -21,700 | 263,100 |
| Total stockholders’ equity | US$ in thousands | 6,664,000 | 6,854,000 | 7,110,000 | 7,201,000 | 7,887,000 | 8,020,000 | 7,802,000 | 7,546,000 | 7,791,000 | 7,008,000 | 6,729,000 | 6,339,000 | 5,490,000 | 3,996,000 | 3,233,000 | 2,389,000 | 2,018,000 | 810,600 | 792,900 | 903,200 |
| ROE | -11.31% | -6.74% | 0.62% | 5.40% | 5.06% | 4.24% | 2.92% | 6.32% | 17.14% | 34.85% | 52.96% | 59.13% | 54.43% | 54.03% | 27.06% | -1.21% | -6.05% | -15.12% | -2.74% | 29.13% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-754,000K ÷ $6,664,000K
= -11.31%
The return on equity (ROE) of Cleveland-Cliffs Inc has shown significant fluctuations over the periods provided. Starting from March 31, 2020, with an ROE of 29.13%, the company's ROE turned negative in the following quarters until June 30, 2020, recording a -2.74% ROE. This negative trend continued until March 31, 2021, hitting a low of -1.21%.
However, there was a notable turnaround in the company's ROE from June 30, 2021, which surged to 27.06% and continued to increase substantially to reach 54.43% by December 31, 2021. The positive momentum was maintained in the following periods with ROE reaching the highest point at 59.13% on March 31, 2022.
From there, the ROE witnessed a slight decline but remained relatively high compared to previous years, with values ranging from 17.14% to 6.32% until June 30, 2023. However, a downtrend began in the second half of 2023, with ROE figures dropping further into negative territory by December 31, 2024, recording -11.31%.
Overall, the analysis shows a volatile ROE performance for Cleveland-Cliffs Inc, characterized by periods of both strong profitability and negative returns on equity. The company experienced a notable recovery and profitability surge in 2021 and early 2022, followed by a gradual decline in profitability in the later periods covered in the data.
Peer comparison
Dec 31, 2024