Cleveland-Cliffs (CLF) Equity Ratio (2009 - 2026)

Cleveland-Cliffs (CLF) reported Equity Ratio of 0.29 for Q1 2026, down 6.52% year-over-year from 0.31 in Q1 2025, and down 5.29% quarter-over-quarter from 0.31 in Q4 2025.

Cleveland-Cliffs (CLF) Equity Ratio (2009 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has 18 years of Equity Ratio data on file, last reported at 0.29 in Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.29, down 6.52% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.29 (down 6.52% YoY), and the FY2025 annual result was 0.31, down 6.78% from the prior year.
  • Equity Ratio slipped to 0.29 in Q1 2026 per CLF's latest filing, from 0.31 in the prior quarter.
  • Over five years, Equity Ratio peaked at 0.46 in Q4 2023 and troughed at 0.28 in Q3 2025.
  • A 5-year average of 0.37 and a median of 0.37 in 2022 frame the typical range for Equity Ratio.
  • The sharpest annual moves came in 2022 and 2025: Equity Ratio jumped 111.64% in 2022, then slumped 33.13% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.43 in 2022, then rose by 7.82% to 0.46 in 2023, then fell by 29.01% to 0.33 in 2024, then retreated by 6.78% to 0.31 in 2025, then declined by 5.29% to 0.29 in 2026.
  • Business Quant data shows CLF's Equity Ratio at 0.29 in Q1 2026, 0.31 in Q4 2025, and 0.28 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Ternium 94.27 Bn 84.31 Bn 686.87 Mn -
2 Nucor 58.23 Bn 56.84 Bn 1.50 Bn 0.60
3 ArcelorMittal 51.15 Bn 48.81 Bn - -
4 Steel Dynamics 38.88 Bn 38.02 Bn 763.22 Mn 0.55
5 Reliance 20.36 Bn 20.12 Bn 1.17 Bn 0.66
6 Cleveland-Cliffs 7.71 Bn 7.86 Bn -82.00 Mn 0.29
7 Algoma Steel 2.77 Bn 2.77 Bn -92.32 0.17
8 National Steel 2.24 Bn -552.84 Mn 479.33 Mn -
9 Worthington Steel 2.07 Bn 2.07 Bn 76.10 Mn 0.49
10 NWPX Infrastructure 1.13 Bn 1.11 Bn 26.67 Mn 0.64

Historic Data

Download Data
DateValue
Mar 31, 2026 0.29
Dec 31, 2025 0.31
Sep 30, 2025 0.28
Jun 30, 2025 0.29
Mar 31, 2025 0.31
Dec 31, 2024 0.33
Sep 30, 2024 0.42
Jun 30, 2024 0.43
Mar 31, 2024 0.43
Dec 31, 2023 0.46
Sep 30, 2023 0.46
Jun 30, 2023 0.44
Mar 31, 2023 0.42
Dec 31, 2022 0.43
Sep 30, 2022 0.37
Jun 30, 2022 0.35
Mar 31, 2022 0.33
Dec 31, 2021 0.30
Sep 30, 2021 0.24
Jun 30, 2021 0.20