Companies: 10,795·Total market cap: $144.5T
Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc.

CLFNYSEBasic Materials● Active
$12.88
$-0.66(-4.84%)
Market Cap$7.3B
P/E Ratio
52W High$16.7
52W Low$6.72
Overview

Cleveland-Cliffs Inc. (CLF) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

CLF · shares outstanding · updated Jun 8, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
492.2M +2.53% YoY Change
FY · as of Dec 31, 2025 · Reported in USD
vs 480.0M in FY 2024
Diluted Shares Outstanding
492.2M
incl. options, RSUs, convertibles
Dilution Spread
+0.00%
Diluted vs Basic
YoY Change
+2.53%
year-over-year
Float (Free Float)
564.5M
publicly tradable shares
99.0% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-08

Shares Outstanding Growth Rate

3-Year CAGRdeclining
-1.8%
2022 → 2025
5-Year CAGRincreasing
+5.4%
2020 → 2025
10-Year CAGRincreasing
+12.4%
2015 → 2025

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 492.2M
492.2M
+2.53%
FY 2024
Diluted Shares: 480.0M
480.0M
-5.88%
FY 2023
Diluted Shares: 511.0M
510.0M
-1.73%
FY 2022
Diluted Shares: 524.0M
519.0M
-7.08%
FY 2021
Diluted Shares: 558.0M
558.6M
+47.38%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Basic Materials sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Basic Materials sector.

#SymbolCompanyShares (Basic)vs CLF
#1
BHP Group LimitedBHP
BHP Group Limited
2.537B+415.4%
#2
Rio Tinto GroupRIO
Rio Tinto Group
1.624B+230.0%
#3
Freeport-McMoRan Inc.FCX
Freeport-McMoRan Inc.
1.443B+193.2%
#4
Newmont CorporationNEM
Newmont Corporation
1.106B+124.7%
#5
Southern Copper CorporationSCCO
Southern Copper Corporation
838.2M+70.3%
#6
Cleveland-Cliffs Inc.CLF
Cleveland-Cliffs Inc.YOU
492.2M
#7
Linde plcLIN
Linde plc
466.2M-5.3%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

Cleveland-Cliffs Inc. (CLF) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, Cleveland-Cliffs Inc. reports 492.2M basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

Cleveland-Cliffs Inc.'s basic shares outstanding (492.2M) represents currently issued shares. Diluted shares outstanding (492.2M) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +0.00%.

Shares Outstanding vs. Float (Free Float)

Cleveland-Cliffs Inc.'s float is 564.5M (99.0% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float564.5M(99.0%)
Outstanding570.4M

Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · USD

About shares outstanding & methodology

Cleveland-Cliffs Inc. (CLF) shares outstanding history from 2006 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

Cleveland-Cliffs Inc. shares outstanding for the fiscal year ending December 31, 2025 were 492.2M, a 2.53% increase year-over-year. Cleveland-Cliffs Inc. FY 2025 shares outstanding were 492.2M, a +2.53% increase from FY 2024.

Cleveland-Cliffs Inc. is a leading company operating in the Basic Materials sector. The company's share count trajectory — with a 10-year CAGR of +12.4% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.

Frequently asked questions

CLF shares outstanding · 4 questions

As of December 31, 2025, Cleveland-Cliffs Inc. (CLF) has approximately 492.2M basic shares outstanding and 492.2M diluted shares outstanding. This represents a +2.53% year-over-year increase from FY 2024 (480.0M). The increase may reflect equity compensation issuances or secondary offerings.

CLF shares outstandinghow many shares does CLF haveCLF basic shares 2025CLF diluted shares

Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · Cleveland-Cliffs Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-08