Cleveland-cliffs vs Steel Dynamics
Cleveland-cliffs and Steel Dynamics are similar in size: $18.61bn and $18.18bn of revenue in their latest fiscal years. Steel Dynamics grew faster (3.6% against -3.0%). Steel Dynamics kept more of each dollar of sales as profit: a net margin of 6.5% against -7.9%.
| Latest fiscal year | Cleveland-cliffsCLF, 2025 | Steel DynamicsSTLD, 2025 |
|---|---|---|
| Revenue | $18.61bn | $18.18bn |
| Revenue growth | -3.0% | 3.6% |
| Net income | −$1.48bn | $1.19bn |
| Operating margin | — | 8.1% |
| Net margin | -7.9% | 6.5% |
| Return on equity | -23.2% | 13.3% |
| Free cash flow | −$1.02bn | $502m |
| Cash | $57.0m | $770m |
| Total debt | $7.33bn | $4.29bn |
| Debt to equity | — | 47.9% |
| Dividend per share | — | $2.00 |
| Dividend yield | — | 0.8% |
| Share buybacks | $0 | $901m |
| Employees | 25,000 | 14,400 |
| Market value | $8.09bn | $35.40bn |
| Price vs our value range | — | Above our value range |
| Moat score | 32 (Weak) | 66 (Moderate) |
| Insider trades, 12 months | 2 buys, 3 sales | 0 buys, 13 sales |