Cleveland-Cliffs CLF
NYSE CLF
$12.09 -0.20 (-1.67%)
As of: Sep 9, 2026 · 3:59 PM EDT

Cleveland-Cliffs (CLF) EV to FCF (2009 - 2026)

Cleveland-Cliffs' (CLF) quarterly EV to FCF came in at 24.34 in Q2 2026, down 72.07% year-over-year from 87.15 in Q2 2025, and up 333.54% quarter-over-quarter from 10.42 in Q1 2026.

Analysis

Cleveland-Cliffs (CLF) EV to FCF (2009 - 2026) Analysis & Trends

Cleveland-Cliffs (CLF) has reported EV to FCF for 18 consecutive years, with 24.34 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to FCF fell 72.07% year-over-year to 24.34 in Q2 2026; TTM through Jun 2026 was 7.81, a 172.99% decrease from a year earlier, with the FY2025 full-year figure at 7.54, up 7.71% from the prior year.
  • EV to FCF was 24.34 for Q2 2026 at Cleveland-Cliffs, up from 10.42 in the prior quarter.
  • Over five years, EV to FCF peaked at 87.15 in Q2 2025 and troughed at 275.58 in Q1 2024.
  • A 5-year average of 7.95 and a median of 11.41 in 2022 frame the typical range for EV to FCF.
  • The widest YoY moves for EV to FCF: up 505.45% in 2025, down 608.07% in 2025.
  • Over 5 years, EV to FCF stood at 32.42 in 2022, then slumped by 34.47% to 21.25 in 2023, then tumbled by 133.53% to 7.12 in 2024, then plunged by 608.07% to 50.43 in 2025, then surged by 148.26% to 24.34 in 2026.
  • The last three EV to FCF figures came in at 24.34 (Q2 2026), 10.42 (Q1 2026), and 50.43 (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

Historic Data

Download Data
DateValue
Jun 30, 2026 24.34
Mar 31, 2026 -10.42
Dec 31, 2025 -50.43
Sep 30, 2025 -20.70
Jun 30, 2025 87.15
Mar 31, 2025 -8.42
Dec 31, 2024 -7.12
Sep 30, 2024 -26.29
Jun 30, 2024 14.39
Mar 31, 2024 -275.58
Dec 31, 2023 21.25
Sep 30, 2023 13.39
Jun 30, 2023 9.92
Mar 31, 2023 -42.42
Dec 31, 2022 32.42
Sep 30, 2022 24.81
Jun 30, 2022 12.90
Mar 31, 2022 57.69
Dec 31, 2021 12.29
Sep 30, 2021 7.58