Cleveland-Cliffs (CLF) Shares Outstanding (2009 - 2026)
Cleveland-Cliffs' Shares Outstanding came in at 571 million for Q2 2026, up 15.4% from 495 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Cleveland-Cliffs' Shares Outstanding was 508 million, up 5.8% from FY2024.
- Shares Outstanding carries a five-year compound annual growth rate of 6.0% (FY2020 to FY2025).
- Going back by year, Shares Outstanding was 480 million in FY2024 (-5.9%), 510 million in FY2023 (-1.7%), 519 million in FY2022 (+4.2%) and 498 million in FY2021 (+31.4%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding in data going back to Q2 2009.
- Year-over-year, Shares Outstanding has increased for six consecutive quarters, with growth averaging 4.2% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding over five years came in Q4 2021 (growth of 31.4%), and the weakest in Q3 2024 (a decline of 7.9%).
- Business Quant data shows CLF's Shares Outstanding at 570 million (Q1 2026), 508 million (Q4 2025) and 495 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | 1.62 Bn |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 829.10 Mn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 1.07 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 1.96 Bn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 1.44 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 501.99 Mn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 1.71 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 228.20 Mn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 763.00 Mn |
| 10 | Cleveland-Cliffs | 6.28 Bn | 6.26 Bn | 132.00 Mn | 571.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 571.00 Mn |
| Mar 31, 2026 | 570.00 Mn |
| Dec 31, 2025 | 508.00 Mn |
| Sep 30, 2025 | 495.00 Mn |
| Jun 30, 2025 | 495.00 Mn |
| Mar 31, 2025 | 495.00 Mn |
| Dec 31, 2024 | 480.00 Mn |
| Sep 30, 2024 | 468.00 Mn |
| Jun 30, 2024 | 473.00 Mn |
| Mar 31, 2024 | 492.00 Mn |
| Dec 31, 2023 | 510.00 Mn |
| Sep 30, 2023 | 508.00 Mn |
| Jun 30, 2023 | 513.00 Mn |
| Mar 31, 2023 | 515.00 Mn |
| Dec 31, 2022 | 519.00 Mn |
| Sep 30, 2022 | 516.00 Mn |
| Jun 30, 2022 | 523.00 Mn |
| Mar 31, 2022 | 521.00 Mn |
| Dec 31, 2021 | 498.00 Mn |
| Sep 30, 2021 | 500.00 Mn |
API Access
Cleveland-Cliffs Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();