Cleveland-cliffs vs Reliance
Cleveland-cliffs is the larger business, with $18.61bn of revenue in fiscal 2025 against $14.29bn for Reliance (1.3 times as much). Reliance grew faster (3.3% against -3.0%). Reliance kept more of each dollar of sales as profit: a net margin of 5.2% against -7.9%.
| Latest fiscal year | Cleveland-cliffsCLF, 2025 | RelianceRS, 2025 |
|---|---|---|
| Revenue | $18.61bn | $14.29bn |
| Revenue growth | -3.0% | 3.3% |
| Net income | −$1.48bn | $739m |
| Operating margin | — | 7.1% |
| Net margin | -7.9% | 5.2% |
| Return on equity | -23.2% | 10.3% |
| Free cash flow | −$1.02bn | $503m |
| Cash | $57.0m | $217m |
| Total debt | $7.33bn | $1.43bn |
| Debt to equity | — | 19.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $594m |
| Employees | 25,000 | 15,700 |
| Market value | $8.09bn | $22.73bn |
| Price vs our value range | — | Within our value range |
| Moat score | 32 (Weak) | 68 (Moderate) |
| Insider trades, 12 months | 2 buys, 3 sales | 0 buys, 17 sales |