Cleveland-Cliffs vs Nucor
Nucor reported revenue of $32.5 billion in fiscal 2025, 1.7 times Cleveland-Cliffs' $18.6 billion in fiscal 2025. Cleveland-Cliffs' revenue fell 3.0% in its latest year, and Nucor's grew 5.7%. Free cash flow was −$1.0 billion at Cleveland-Cliffs and −$188 million at Nucor.
Side by side
| Cleveland-Cliffs | Nucor | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $18.6B | $32.5B |
| Revenue growth | −3.0% | 5.7% |
| Revenue growth a year, last 5 years | 28.3% | 10.0% |
| Gross margin | −4.6% | 11.9% |
| Operating margin | −8.5% | — |
| Net margin | −7.9% | 5.4% |
| Free cash flow | −$1.0B | −$188M |
| Free cash flow margin | −5.5% | −0.6% |
| Return on capital | −8.8% | 8.6% |
| Net debt to EBITDA | — | 1.0x |
| Dividends and buybacks | $0M | $1.2B |
| Change in diluted share count | 5.8% | −3.1% |
| Last close | $13.38 | $257.35 |
| P/E at the last close | — | 20.5× |
| Insider trades, last 12 months | bought $299,387, sold $42.2 million | sold $57.0 million |
| Piotroski F-score | 2 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cleveland-CliffsNucor
Operating margin
Percent of revenue
Cleveland-CliffsNucor
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cleveland-CliffsNucor
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cleveland-Cliffs and Nucor pages.