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