Cleveland-Cliffs (CLF) EV to CFO (2009 - 2026)
Cleveland-Cliffs' (CLF) quarterly EV to CFO came in at 23.92 in Q2 2026, down 72.55% year-over-year from 87.15 in Q2 2025, and up 256.35% quarter-over-quarter from 15.3 in Q1 2026.
Analysis
Cleveland-Cliffs (CLF) EV to CFO (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported EV to CFO for 18 consecutive years, with 23.92 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to CFO fell 72.55% year-over-year to 23.92 in Q2 2026; TTM through Jun 2026 was 21.92, a 381.77% decrease from a year earlier, with the FY2025 full-year figure at 16.7, down 136.37% from the prior year.
- EV to CFO was 23.92 for Q2 2026 at Cleveland-Cliffs, up from 15.3 in the prior quarter.
- Over five years, EV to CFO peaked at 87.15 in Q2 2025 and troughed at 593.57 in Q4 2025.
- A 5-year average of 37.98 and a median of 10.21 in 2023 frame the typical range for EV to CFO.
- The widest YoY moves for EV to CFO: up 514.93% in 2025, down 5709.99% in 2025.
- Over 5 years, EV to CFO stood at 17.37 in 2022, then retreated by 8.65% to 15.87 in 2023, then tumbled by 164.38% to 10.22 in 2024, then sank by 5709.99% to 593.57 in 2025, then soared by 104.03% to 23.92 in 2026.
- The last three EV to CFO figures came in at 23.92 (Q2 2026), 15.3 (Q1 2026), and 593.57 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ternium | 116.34 Bn | 110.88 Bn | 941.02 Mn |
| 2 | Nucor | 59.22 Bn | 57.68 Bn | 2.03 Bn |
| 3 | Steel Dynamics | 34.76 Bn | 33.98 Bn | 958.97 Mn |
| 4 | Gerdau | 9.98 Bn | 8.94 Bn | 558.98 Mn |
| 5 | Commercial Metals | 7.78 Bn | 7.22 Bn | 455.14 Mn |
| 6 | Cleveland-Cliffs | 7.13 Bn | 7.27 Bn | 132.00 Mn |
| 7 | Posco Holdings | 4.74 Bn | -4.93 Bn | 1.11 Bn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - |
| 9 | National Steel | 1.62 Bn | -1.21 Bn | 579.08 Mn |
| 10 | SunCoke Energy | 876.76 Mn | 861.96 Mn | 100.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.92 |
| Mar 31, 2026 | -15.30 |
| Dec 31, 2025 | -593.57 |
| Sep 30, 2025 | -43.43 |
| Jun 30, 2025 | 87.15 |
| Mar 31, 2025 | -12.07 |
| Dec 31, 2024 | -10.22 |
| Sep 30, 2024 | -73.56 |
| Jun 30, 2024 | 14.17 |
| Mar 31, 2024 | 77.63 |
| Dec 31, 2023 | 15.87 |
| Sep 30, 2023 | 10.57 |
| Jun 30, 2023 | 9.85 |
| Mar 31, 2023 | -246.90 |
| Dec 31, 2022 | 17.37 |
| Sep 30, 2022 | 13.33 |
| Jun 30, 2022 | 9.44 |
| Mar 31, 2022 | 32.15 |
| Dec 31, 2021 | 9.78 |
| Sep 30, 2021 | 6.70 |