Cleveland-Cliffs (CLF) Free Cash Flow (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Free Cash Flow of $226.0 million for Q2 2026, up 402.22% year-over-year from $45.0 million in Q2 2025, and up 147.38% quarter-over-quarter from -$477.0 million in Q1 2026.
Cleveland-Cliffs (CLF) Free Cash Flow (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Free Cash Flow for 18 consecutive years, with $226.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 402.22% year-over-year to $226.0 million; the TTM figure through Jun 2026 stood at -$704.0 million (up 48.61% YoY), while the FY2025 annual figure was -$1.0 billion, down 73.39% from the prior year.
- Free Cash Flow advanced to $226.0 million in Q2 2026 per CLF's latest filing, from -$477.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $880.0 million in Q2 2023 and bottomed at -$677.0 million in Q4 2024.
- Historically, Free Cash Flow has averaged $90.1 million across 5 years, with a median of $135.5 million in 2025.
- Annual changes were most pronounced in 2025 — Free Cash Flow slumped 1157.5% — and 2026, when it jumped 402.22%.
- Cleveland-Cliffs' Free Cash Flow stood at $262.0 million in 2022, then soared by 85.88% to $487.0 million in 2023, then plunged by 239.01% to -$677.0 million in 2024, then surged by 77.4% to -$153.0 million in 2025, then surged by 247.71% to $226.0 million in 2026.
- Business Quant data shows CLF's Free Cash Flow at $226.0 million in Q2 2026, -$477.0 million in Q1 2026, and -$153.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 108.84 Bn | 98.95 Bn | 941.02 Mn | 687.28 Mn |
| 2 | Nucor | 55.75 Bn | 53.05 Bn | 2.03 Bn | 829.00 Mn |
| 3 | ArcelorMittal | 54.97 Bn | 50.12 Bn | - | 2.06 Bn |
| 4 | Steel Dynamics | 32.99 Bn | 32.40 Bn | 958.97 Mn | 304.09 Mn |
| 5 | Reliance | 19.82 Bn | 19.59 Bn | 1.30 Bn | 68.80 Mn |
| 6 | Cleveland-Cliffs | 6.46 Bn | 6.39 Bn | 132.00 Mn | 226.00 Mn |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 513.56 Mn |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.53 Bn | 2.97 Bn | - | - |
| 9 | Posco Holdings | 4.32 Bn | 1.83 Bn | 1.04 Bn | 15.96 Mn |
| 10 | Worthington Steel | 1.74 Bn | 1.66 Bn | 118.80 Mn | 7.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 226.00 Mn |
| Jun 30, 2026 | 226.00 Mn |
| 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 | 45.00 Mn |
| Jun 30, 2025 | 45.00 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 |