Cleveland-Cliffs CLF
NYSE CLF
$11.82 -0.27 (-2.23%)
As of: Sep 10, 2026 · 3:59 PM EDT

Cleveland-Cliffs (CLF) FCF Margin (2009 - 2026)

Cleveland-Cliffs' (CLF) quarterly FCF Margin came in at 4.32% in Q2 2026, up 341.0% year-over-year from 0.98% in Q2 2025, and up 144.62% quarter-over-quarter from 9.69% in Q1 2026.

Analysis

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

Cleveland-Cliffs (CLF) has reported FCF Margin for 18 consecutive years, with 4.32% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, FCF Margin rose 341.0% year-over-year to 4.32% in Q2 2026; TTM through Jun 2026 was 3.67%, a 376.0% increase from a year earlier, with the FY2025 full-year figure at 5.5%, down 242.0% from the prior year.
  • FCF Margin was 4.32% for Q2 2026 at Cleveland-Cliffs, up from 9.69% in the prior quarter.
  • Over five years, FCF Margin peaked at 14.71% in Q2 2023 and troughed at 15.65% in Q4 2024.
  • A 5-year average of 1.07% and a median of 2.62% in 2025 frame the typical range for FCF Margin.
  • The widest YoY moves for FCF Margin: up 1771 bps in 2022, down 58631 bps in 2022.
  • Over 5 years, FCF Margin stood at 5.19% in 2022, then soared by 83 bps to 9.53% in 2023, then plunged by 264 bps to 15.65% in 2024, then surged by 77 bps to 3.55% in 2025, then surged by 222 bps to 4.32% in 2026.
  • The last three FCF Margin figures came in at 4.32% (Q2 2026), 9.69% (Q1 2026), and 3.55% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Ternium 112.84 Bn 102.94 Bn 941.02 Mn 15.83%
2 Nucor 58.24 Bn 55.55 Bn 2.03 Bn 7.97%
3 Steel Dynamics 34.14 Bn 33.55 Bn 958.97 Mn 4.99%
4 Gerdau 10.23 Bn 9.16 Bn 558.98 Mn 14.54%
5 Commercial Metals 7.39 Bn 6.83 Bn 455.14 Mn 3.08%
6 Cleveland-Cliffs 6.75 Bn 6.68 Bn 132.00 Mn 4.32%
7 Posco Holdings 4.67 Bn -5.01 Bn 1.11 Bn 10.97%
8 GRUPO SIMEC, S.A.B. de C.V 4.41 Bn 2.86 Bn - -
9 National Steel 1.82 Bn -1.00 Bn 579.08 Mn -3.15%
10 SunCoke Energy 866.00 Mn 823.30 Mn 100.40 Mn -9.07%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.32%
Mar 31, 2026 -9.69%
Dec 31, 2025 -3.55%
Sep 30, 2025 -6.34%
Jun 30, 2025 0.91%
Mar 31, 2025 -10.87%
Dec 31, 2024 -15.65%
Sep 30, 2024 -5.14%
Jun 30, 2024 10.04%
Mar 31, 2024 -0.77%
Dec 31, 2023 9.53%
Sep 30, 2023 10.79%
Jun 30, 2023 14.71%
Mar 31, 2023 -4.29%
Dec 31, 2022 5.19%
Sep 30, 2022 5.09%
Jun 30, 2022 9.99%
Mar 31, 2022 4.99%
Dec 31, 2021 591.50%
Sep 30, 2021 22.34%