Cleveland-Cliffs CLF
NYSE CLF
$12.09 -0.20 (-1.67%)
As of: Sep 9, 2026 · 3:59 PM EDT

Cleveland-Cliffs (CLF) EBITDA (2009 - 2026)

Cleveland-Cliffs' (CLF) quarterly EBITDA came in at -$49.0 million in Q2 2026, up 90.22% year-over-year from -$25.8 million in Q2 2025, and up 77.0% quarter-over-quarter from -$213.0 million in Q1 2026.

Analysis

Cleveland-Cliffs (CLF) EBITDA (2009 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has reported EBITDA for 18 consecutive years, with -$49.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBITDA rose 90.22% year-over-year to -$49.0 million in Q2 2026; TTM through Jun 2026 was -$797.0 million, a 54.97% increase from a year earlier, with the FY2025 full-year figure at -$1.6 billion, down 106.95% from the prior year.
  • EBITDA was -$49.0 million for Q2 2026 at Cleveland-Cliffs, up from -$213.0 million in the prior quarter.
  • Over five years, EBITDA peaked at $1.1 billion in Q1 2022 and troughed at -$543.0 million in Q1 2025.
  • A 5-year average of -$55555.6 and a median of -$83.5 million in 2023 frame the typical range for EBITDA.
  • Across the five-year window, EBITDA soared 518.08% in 2022 and tumbled 8450.0% in 2025, its largest moves.
  • Over 5 years, EBITDA stood at -$182.0 million in 2022, then jumped by 35.16% to -$118.0 million in 2023, then slumped by 294.07% to -$465.0 million in 2024, then increased by 28.82% to -$331.0 million in 2025, then soared by 85.2% to -$49.0 million in 2026.
  • The last three EBITDA figures came in at -$49.0 million (Q2 2026), -$213.0 million (Q1 2026), and -$331.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Ternium 114.02 Bn 104.12 Bn 941.02 Mn 717.00 Mn
2 Nucor 58.75 Bn 56.06 Bn 2.03 Bn 1.63 Bn
3 Steel Dynamics 34.64 Bn 34.06 Bn 958.97 Mn 700.48 Mn
4 Gerdau 10.07 Bn 9.00 Bn 558.98 Mn 623.80 Mn
5 Commercial Metals 7.63 Bn 7.07 Bn 455.14 Mn -1.84 Bn
6 Cleveland-Cliffs 6.92 Bn 6.85 Bn 132.00 Mn -49.00 Mn
7 Posco Holdings 4.73 Bn -4.95 Bn 1.11 Bn 545.94 Mn
8 GRUPO SIMEC, S.A.B. de C.V 4.41 Bn 2.86 Bn - -
9 National Steel 1.76 Bn -1.07 Bn 579.08 Mn -298.81 Mn
10 SunCoke Energy 874.57 Mn 831.87 Mn 100.40 Mn 29.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -49.00 Mn
Mar 31, 2026 -213.00 Mn
Dec 31, 2025 -331.00 Mn
Sep 30, 2025 -204.00 Mn
Jun 30, 2025 -501.00 Mn
Mar 31, 2025 -543.00 Mn
Dec 31, 2024 -465.00 Mn
Sep 30, 2024 -261.00 Mn
Jun 30, 2024 6.00 Mn
Mar 31, 2024 -38.00 Mn
Dec 31, 2023 -118.00 Mn
Sep 30, 2023 325.00 Mn
Jun 30, 2023 483.00 Mn
Mar 31, 2023 -31.00 Mn
Dec 31, 2022 -182.00 Mn
Sep 30, 2022 187.00 Mn
Jun 30, 2022 840.00 Mn
Mar 31, 2022 1.09 Bn
Dec 31, 2021 1.12 Bn
Sep 30, 2021 1.65 Bn