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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |