Cleveland-Cliffs (CLF) EBITDA (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly EBITDA of -$49.0 million for 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.
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.
- In Q2 2026, EBITDA rose 90.22% year-over-year to -$49.0 million; the TTM figure through Jun 2026 stood at -$797.0 million (up 54.97% YoY), while the FY2025 annual figure was -$1.6 billion, down 106.95% from the prior year.
- EBITDA rose to -$49.0 million in Q2 2026 per CLF's latest filing, from -$213.0 million in the prior quarter.
- Across five years, EBITDA topped out at $1.1 billion in Q1 2022 and bottomed at -$543.0 million in Q1 2025.
- Historically, EBITDA has averaged -$55555.6 across 5 years, with a median of -$83.5 million in 2023.
- Annual changes were most pronounced in 2022 — EBITDA jumped 518.08% — and 2025, when it slumped 8450.0%.
- Cleveland-Cliffs' EBITDA stood at -$182.0 million in 2022, then soared by 35.16% to -$118.0 million in 2023, then slumped by 294.07% to -$465.0 million in 2024, then gained by 28.82% to -$331.0 million in 2025, then surged by 85.2% to -$49.0 million in 2026.
- Business Quant data shows CLF's EBITDA at -$49.0 million in Q2 2026, -$213.0 million in Q1 2026, and -$331.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 717.00 Mn |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 1.63 Bn |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 82.00 Mn |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 700.48 Mn |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 441.60 Mn |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -49.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 623.80 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 143.68 Mn |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -74.50 Mn |
Historic Data
Download 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 |