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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |