Cleveland-Cliffs (CLF) Free Cash Flow (2009 - 2026)
Cleveland-Cliffs (CLF) reported Free Cash Flow of -$477.0 million for Q1 2026, up 5.17% year-over-year from -$453.6 million in Q1 2025, and down 211.76% quarter-over-quarter from -$153.0 million in Q4 2025.
Cleveland-Cliffs (CLF) Free Cash Flow (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Free Cash Flow data on file, last reported at -$477.0 million in Q1 2026.
- Free Cash Flow for Q1 2026 came in at -$477.0 million, up 5.17% year-over-year; the trailing twelve-month figure through Mar 2026 was -$997.0 million (down 10.29% YoY), and the FY2025 annual result was -$1.0 billion, down 73.39% from the prior year.
- Free Cash Flow eased to -$477.0 million in Q1 2026 per CLF's latest filing, from -$153.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $880.0 million in Q2 2023 and troughed at -$677.0 million in Q4 2024.
- A 5-year average of $75.5 million and a median of -$40.0 million in 2024 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow jumped 157.67% in 2022, then slumped 1157.5% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $262.0 million in 2022, then surged by 85.88% to $487.0 million in 2023, then tumbled by 239.01% to -$677.0 million in 2024, then jumped by 77.4% to -$153.0 million in 2025, then plunged by 211.76% to -$477.0 million in 2026.
- Business Quant data shows CLF's Free Cash Flow at -$477.0 million in Q1 2026, -$153.0 million in Q4 2025, and -$300.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 623.22 Mn |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 225.00 Mn |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | -9.00 Mn |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 10.34 Mn |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 87.20 Mn |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -477.00 Mn |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | -14.88 |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -147.54 Mn |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 33.30 Mn |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 27.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -477.00 Mn |
| Mar 31, 2026 | -477.00 Mn |
| Dec 31, 2025 | -153.00 Mn |
| Dec 31, 2025 | -153.00 Mn |
| Sep 30, 2025 | -300.00 Mn |
| Sep 30, 2025 | -300.00 Mn |
| Jun 30, 2025 | -67.00 Mn |
| Jun 30, 2025 | -67.00 Mn |
| Mar 31, 2025 | -503.00 Mn |
| Mar 31, 2025 | -503.00 Mn |
| Dec 31, 2024 | -677.00 Mn |
| Dec 31, 2024 | -677.00 Mn |
| Sep 30, 2024 | -235.00 Mn |
| Sep 30, 2024 | -235.00 Mn |
| Jun 30, 2024 | 511.00 Mn |
| Jun 30, 2024 | 511.00 Mn |
| Mar 31, 2024 | -40.00 Mn |
| Mar 31, 2024 | -40.00 Mn |
| Dec 31, 2023 | 487.00 Mn |
| Dec 31, 2023 | 487.00 Mn |