Cleveland-Cliffs (CLF) Enterprise Value (2009 - 2026)
Cleveland-Cliffs (CLF) recorded Enterprise Value of $5.5 billion in Q2 2026, up 40.3% from $3.92 billion a year earlier and up 10.6% from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) Enterprise Value (2009 - 2026) Analysis & Trends
On a TTM basis, Cleveland-Cliffs' Enterprise Value came in at $5.33 billion as of Jun 30, 2026, up 41.4% year-over-year; for FY2025, it came in at $7.72 billion, up 60.0% from FY2024.
- Annual Enterprise Value has a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- Across earlier years, Enterprise Value came in at $4.82 billion in FY2024 (-53.4%), $10.35 billion in FY2023 (+21.8%), $8.49 billion in FY2022 (-23.6%) and $11.12 billion in FY2021 (+94.2%).
- Quarterly Enterprise Value has ranged from $3.92 billion in Q2 2025 to $17.14 billion in Q1 2022 over the past five years.
- On a year-over-year basis, Enterprise Value has increased for four consecutive quarters, with an average decline of 8.4% over the last eight quarters.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 260.2% in Q3 2021, against a decline of 61.6% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.97 billion (Q1 2026), $7.72 billion (Q4 2025) and $6.21 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - |
| 10 | Cleveland-Cliffs | 6.40 Bn | 6.38 Bn | 132.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.50 Bn |
| Mar 31, 2026 | 4.97 Bn |
| Dec 31, 2025 | 7.72 Bn |
| Sep 30, 2025 | 6.21 Bn |
| Jun 30, 2025 | 3.92 Bn |
| Mar 31, 2025 | 4.24 Bn |
| Dec 31, 2024 | 4.82 Bn |
| Sep 30, 2024 | 6.18 Bn |
| Jun 30, 2024 | 7.36 Bn |
| Mar 31, 2024 | 11.02 Bn |
| Dec 31, 2023 | 10.35 Bn |
| Sep 30, 2023 | 8.10 Bn |
| Jun 30, 2023 | 8.73 Bn |
| Mar 31, 2023 | 9.63 Bn |
| Dec 31, 2022 | 8.49 Bn |
| Sep 30, 2022 | 7.15 Bn |
| Jun 30, 2022 | 8.17 Bn |
| Mar 31, 2022 | 17.14 Bn |
| Dec 31, 2021 | 11.12 Bn |
| Sep 30, 2021 | 10.16 Bn |
API Access
Cleveland-Cliffs Enterprise Value 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=enterprise-value&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();