Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026)
Cleveland-Cliffs' (CLF) quarterly EV to EBITDA came in at 112.27 in Q2 2026, down 1334.31% year-over-year from 9.1 in Q2 2025, and down 380.98% quarter-over-quarter from 23.34 in Q1 2026.
Analysis
Cleveland-Cliffs (CLF) EV to EBITDA (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported EV to EBITDA for 18 consecutive years, with 112.27 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 1334.31% year-over-year to 112.27 in Q2 2026; TTM through Jun 2026 was 6.9, a 211.54% decrease from a year earlier, with the FY2025 full-year figure at 4.89, up 22.68% from the prior year.
- EV to EBITDA was 112.27 for Q2 2026 at Cleveland-Cliffs, down from 23.34 in the prior quarter.
- Over five years, EV to EBITDA peaked at 1225.85 in Q2 2024 and troughed at 310.61 in Q1 2023.
- A 5-year average of 19.91 and a median of 16.84 in 2024 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA sank 2083.11% in 2023 and jumped 6679.52% in 2024, its largest moves.
- Over 5 years, EV to EBITDA stood at 46.68 in 2022, then sank by 87.86% to 87.68 in 2023, then jumped by 88.17% to 10.37 in 2024, then plunged by 124.8% to 23.31 in 2025, then plunged by 381.59% to 112.27 in 2026.
- The last three EV to EBITDA figures came in at 112.27 (Q2 2026), 23.34 (Q1 2026), and 23.31 (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 | -112.27 |
| Mar 31, 2026 | -23.34 |
| Dec 31, 2025 | -23.31 |
| Sep 30, 2025 | -30.44 |
| Jun 30, 2025 | -7.83 |
| Mar 31, 2025 | -7.80 |
| Dec 31, 2024 | -10.37 |
| Sep 30, 2024 | -23.68 |
| Jun 30, 2024 | 1,225.85 |
| Mar 31, 2024 | -290.09 |
| Dec 31, 2023 | -87.68 |
| Sep 30, 2023 | 24.93 |
| Jun 30, 2023 | 18.08 |
| Mar 31, 2023 | -310.61 |
| Dec 31, 2022 | -46.68 |
| Sep 30, 2022 | 38.21 |
| Jun 30, 2022 | 9.72 |
| Mar 31, 2022 | 15.66 |
| Dec 31, 2021 | 9.94 |
| Sep 30, 2021 | 6.16 |