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

Cleveland-Cliffs Inc.

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

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11.35 1.49 −11.60%

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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 Segments Valuation Filings

Cleveland-Cliffs Inc. (CLF) P/E ratio

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Cleveland-Cliffs Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (November 2026) to 232× (July 2024) — the current reading is the lowest in ten years.

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<iframe src="https://stockrow.com/embed/CLF/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Cleveland-Cliffs Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/CLF/metrics/pe-ratio">Cleveland-Cliffs Inc. (CLF) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	0.0×	—
FY2024	0.0×	—
FY2023	25.3×	287.97%
FY2022	6.5×	71.66%
FY2021	3.8×	—
FY2020	0.0×	—
FY2019	7.8×	283.33%
FY2018	2.0×	(68.15%)
FY2017	6.4×	(32.66%)
FY2016	9.5×	—

Period	P/E ratio	Change
Sep 2026	0.0×	—
Jun 2026	0.0×	—
Mar 2026	0.0×	—
Dec 2025	0.0×	—
43 more quarters	Free account

Against its own ten years

Low 0.0× High 232×

Ten-year median 3.4×

Current reading's percentile 35

Company	P/E ratio
WS Worthington Steel, Inc. compare	n/m
CLF Cleveland-Cliffs Inc.	n/m
TX Ternium S.A. compare	9.1×
PKX POSCO Holdings Inc. compare	15.8×
STLD Steel Dynamics, Inc. compare	16.4×
GGB Gerdau S.A. compare	19.2×
RS Reliance, Inc. compare	19.2×
SIM Grupo Simec, S.A. de C.V. compare	20.7×
MT ArcelorMittal compare	25.3×
Steel industry median	16.4×
Basic Materials sector median	19.0×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Cleveland-Cliffs Inc. (CLF) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CLF

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on CLF

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