Cleveland-Cliffs (CLF) EBT (2009 - 2026)
Cleveland-Cliffs (CLF) reported EBT of -$307.0 million for Q1 2026, up 51.65% year-over-year from -$202.4 million in Q1 2025, and up 30.07% quarter-over-quarter from -$439.0 million in Q4 2025.
Cleveland-Cliffs (CLF) EBT (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of EBT data on file, last reported at -$307.0 million in Q1 2026.
- EBT for Q1 2026 came in at -$307.0 million, up 51.65% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.7 billion (down 10.14% YoY), and the FY2025 annual result was -$2.0 billion, down 110.95% from the prior year.
- EBT grew to -$307.0 million in Q1 2026 per CLF's latest filing, from -$439.0 million in the prior quarter.
- Over five years, EBT peaked at $1.0 billion in Q1 2022 and troughed at -$635.0 million in Q1 2025.
- A 5-year average of -$51.6 million and a median of -$126.0 million in 2023 frame the typical range for EBT.
- The sharpest annual moves came in 2022 and 2025: EBT surged 1490.91% in 2022, then tumbled 10200.0% in 2025.
- A 5-year view of EBT shows it stood at -$186.0 million in 2022, then jumped by 32.26% to -$126.0 million in 2023, then slumped by 352.38% to -$570.0 million in 2024, then increased by 22.98% to -$439.0 million in 2025, then surged by 30.07% to -$307.0 million in 2026.
- Business Quant data shows CLF's EBT at -$307.0 million in Q1 2026, -$439.0 million in Q4 2025, and -$309.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 279.44 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 1.10 Bn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 753.00 Mn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 513.21 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 349.50 Mn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -307.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 116.24 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -218.97 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 14.30 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 12.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -307.00 Mn |
| Dec 31, 2025 | -439.00 Mn |
| Sep 30, 2025 | -309.00 Mn |
| Jun 30, 2025 | -618.00 Mn |
| Mar 31, 2025 | -635.00 Mn |
| Dec 31, 2024 | -570.00 Mn |
| Sep 30, 2024 | -308.00 Mn |
| Jun 30, 2024 | -6.00 Mn |
| Mar 31, 2024 | -61.00 Mn |
| Dec 31, 2023 | -126.00 Mn |
| Sep 30, 2023 | 303.00 Mn |
| Jun 30, 2023 | 458.00 Mn |
| Mar 31, 2023 | -56.00 Mn |
| Dec 31, 2022 | -186.00 Mn |
| Sep 30, 2022 | 175.00 Mn |
| Jun 30, 2022 | 757.00 Mn |
| Mar 31, 2022 | 1.05 Bn |
| Dec 31, 2021 | 1.11 Bn |
| Sep 30, 2021 | 1.62 Bn |
| Jun 30, 2021 | 1.01 Bn |