Cleveland-Cliffs [CLF] vs Steel Dynamics [STLD] Detailed Stock Comparison

Cleveland-Cliffs Inc.

NYSE
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Steel Dynamics Inc.

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Cleveland-Cliffs Inc. wins in 3 metrics, Steel Dynamics Inc. wins in 16 metrics, with 0 ties. Steel Dynamics Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Cleveland-Cliffs Inc. Steel Dynamics Inc. Better
P/E Ratio (TTM) 147.44 23.58 Steel Dynamics Inc.
Price-to-Book Ratio 0.89 3.56 Cleveland-Cliffs Inc.
Debt-to-Equity Ratio 129.32 45.99 Steel Dynamics Inc.
PEG Ratio -2.54 0.68 Steel Dynamics Inc.
EV/EBITDA 71.70 15.33 Steel Dynamics Inc.
Profit Margin (TTM) -6.44% 7.22% Steel Dynamics Inc.
Operating Margin (TTM) -2.89% 10.34% Steel Dynamics Inc.
EBITDA Margin (TTM) N/A 10.34% N/A
Return on Equity -18.60% 15.25% Steel Dynamics Inc.
Return on Assets (TTM) -2.74% 6.66% Steel Dynamics Inc.
Free Cash Flow (TTM) $-1.02B $501.51M Steel Dynamics Inc.
Dividend Yield N/A 1.32% N/A
1-Year Return 92.19% 111.84% Steel Dynamics Inc.
Price-to-Sales Ratio (TTM) 0.27 1.68 Cleveland-Cliffs Inc.
Enterprise Value $13.12B $35.50B Steel Dynamics Inc.
EV/Revenue Ratio 0.69 1.87 Cleveland-Cliffs Inc.
Gross Profit Margin (TTM) -1.67% 11.99% Steel Dynamics Inc.
Revenue per Share (TTM) $36 $130 Steel Dynamics Inc.
Earnings per Share (Diluted) $-2.31 $9.34 Steel Dynamics Inc.
Beta (Stock Volatility) 1.92 1.40 Steel Dynamics Inc.
Short % of Float 14.87% 3.53% Steel Dynamics Inc.

Cleveland-Cliffs Inc. vs Steel Dynamics Inc. Stock Performance Analysis

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CLF
STLD

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Cleveland-Cliffs Inc.-1.09%7.49%32.20%58.30%6.90%0.22%
Steel Dynamics Inc.-3.74%1.87%18.68%56.18%61.11%54.60%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Cleveland-Cliffs Inc.92.19%-16.33%-32.02%180.65%-83.09%-17.29%
Steel Dynamics Inc.111.84%175.78%388.95%1,008.86%1,776.31%1,951.96%

Performance & Financial Health Analysis: Cleveland-Cliffs Inc. vs Steel Dynamics Inc.

MetricCLFSTLD
Market Information
Market Cap i$5.57B$32.61B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i16,804,1361,218,578
90 Day Avg. Volume i17,724,6491,203,743
Last Close$13.63$272.19
52 Week Range$6.72 - $16.70$119.89 - $288.74
% from 52W High-18.38%-5.73%
All-Time High$121.95 (Jun 30, 2008)$288.74 (Jun 15, 2026)
% from All-Time High-88.82%-5.73%
Growth Metrics
Quarterly Revenue Growth0.06%0.19%
Quarterly Earnings Growth0.06%0.86%
Financial Health
Profit Margin (TTM) i-0.06%0.07%
Operating Margin (TTM) i-0.03%0.10%
Return on Equity (TTM) i-0.19%0.15%
Debt to Equity (MRQ) i129.3245.99
Cash & Liquidity
Book Value per Share (MRQ)$10.21$61.80
Cash per Share (MRQ)$0.08$3.84
Operating Cash Flow (TTM) i$-436,000,000$1.45B
Levered Free Cash Flow (TTM) i$-60,500,000$-31,788,876
Dividends
Last 12-Month Dividend Yield iN/A1.32%
Last 12-Month Dividend i$0.00$2.53

Valuation & Enterprise Metrics Analysis: Cleveland-Cliffs Inc. vs Steel Dynamics Inc.

MetricCLF (Apr 26, 2026)STLD (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i147.4423.58
Forward P/E i18.9413.77
PEG Ratio i-2.540.68
Price to Sales (TTM) i0.271.68
Price to Book (MRQ) i0.893.56
Market Capitalization
Market Capitalization i$5.57B$32.61B
Enterprise Value i$13.12B$35.50B
Enterprise Value Metrics
Enterprise to Revenue i0.691.87
Enterprise to EBITDA i71.7015.33
Risk & Other Metrics
Beta i1.921.40
Book Value per Share (MRQ) i$10.21$61.80

Financial Statements Comparison: Cleveland-Cliffs Inc. vs Steel Dynamics Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricCLF (2025)STLD (2025)
Revenue/Sales i18.61B18.18B
Cost of Goods Sold i19.47B15.78B
COGS % of Revenue i104.6%86.8%
Gross Profit i-860.00M2.39B
Gross Margin i-4.6%13.2%
Research & Development iN/AN/A
Operating Income (EBIT) i-1.45B1.60B
Operating Margin i-7.8%8.8%
EBITDA i6.00M2.11B
EBITDA Margin i0.0%11.6%
Pre-Tax Income i-2.00B1.49B
Pre-Tax Income % of Revenue i-10.8%8.2%
Income Tax i-581.00M305.66M
Income Tax % of Revenue i-3.1%1.7%
Net Income (Profit) i-1.43B1.19B
Profit Margin i-7.7%6.5%

Balance Sheet & Liquidity Metrics

MetricCLF (2025)STLD (2025)
Cash & Equivalents i57.00M769.88M
Total Current Assets i6.44B6.48B
Total Current Assets % of Revenue i34.6%35.7%
Total Current Liabilities i3.30B2.12B
Total Current Liabilities % of Revenue i17.7%11.7%
Long-Term Debt i7.25B4.18B
Long-Term Debt % of Revenue i39.0%23.0%
Total Shareholders Equity i6.32B8.93B
Retained Earnings i-529.00M15.69B
Retained Earnings % of Revenue i-2.8%86.3%
Property, Plant & Equipment i11.99BN/A

Cash Flow Statement Comparison

MetricCLF (2025)STLD (2025)
Operating Cash Flow i-327.00M1.49B
Operating Cash Flow % of Revenue i-1.8%8.2%
Capital Expenditures i-561.00M-948.03M
Free Cash Flow i-1.02B501.51M
FCF Margin i-5.5%2.8%
Debt Repayment i-1.79B-2.57B
Common Stock Repurchase i0-900.87M

Short Interest & Institutional Ownership Analysis

MetricCLFSTLD
Shares Short i84.01M4.07M
Short Ratio i4.433.44
Short % of Float i14.87%3.53%
Shares Outstanding i570.40M144.94M
Float Shares i564.27M134.93M
% Held by Insiders i0.89%6.57%
% Held by Institutions i82.01%86.22%
% Held by Public i17.10%7.21%

Dividend Analysis & Yield Comparison: Cleveland-Cliffs Inc. vs Steel Dynamics Inc.

MetricCLFSTLD
Last 12-Month Dividend i$0.00$2.53
Last 12-Month Dividend Yield iN/A1.32%
3-Year Avg Annual Dividend i$0.00$2.02
3-Year Avg Dividend Yield iN/A0.36%
3-Year Total Dividends i$0.00$6.05
Ex-Dividend DateN/AMar 31, 2026