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Friday 6 November 2026 Export CLF’s income statement to Excel — free account

Cleveland-Cliffs Inc.

CLF Basic Materials Steel

Cleveland-Cliffs Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.6 billion, down 3.00% from fiscal 2024.

Revenue
+18.6%
EPS
+152.9%
Free cash flow
+124.0%
Total debt
−4.90%

Quarter to September 2026, against a year earlier

11.35 1.49 −11.60%
Market cap
$6.4B
P/E
0.0×
Fwd P/E
216×
Dividend yield
—
F-score
2/9
Altman Z
1.12
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Cleveland-Cliffs Inc. (CLF) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Cleveland-Cliffs Inc. (CLF) trades at a EV/EBITDA of 18.6×. Over the past ten years it has ranged from 0.0× (June 2026) to 91.6× (December 2020); the current reading is higher than 87% of that period. That is above the Steel industry median of 8.2× and above the Basic Materials sector median of 9.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 0.0× —
FY2024 62.5× 728.92%
FY2023 7.5× 70.30%
FY2022 4.4× 38.09%
FY2021 3.2× (92.38%)
FY2020 42.1× 400.66%
FY2019 8.4× 69.15%
FY2018 5.0× (38.11%)
FY2017 8.0× (47.81%)
FY2016 15.4× 92.69%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.3× (60.69%)
Jun 2026 46.6× —
Mar 2026 0.0× —
Dec 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 91.6×
Ten-year median 7.4×
Current reading's percentile 87

EV/EBITDA against peers

Company EV/EBITDA
PKX POSCO Holdings Inc. compare 4.2×
TX Ternium S.A. compare 4.9×
GGB Gerdau S.A. compare 6.2×
SIM Grupo Simec, S.A. de C.V. compare 7.6×
MT ArcelorMittal compare 9.6×
STLD Steel Dynamics, Inc. compare 11.0×
RS Reliance, Inc. compare 12.5×
CLF Cleveland-Cliffs Inc. 18.6×
WS Worthington Steel, Inc. compare 38.6×
Steel industry median 8.2×
Basic Materials sector median 9.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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