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. In the quarter to June 2026, revenue grew 5.92%, EPS grew 74.2%, free cash flow grew 209.0% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Cleveland-Cliffs Inc. (CLF) P/E ratio
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× (October 2026) to 232× (July 2024) — the current reading is the lowest in ten years.
P/E ratio, daily
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Annual newest first
| 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× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| WS Worthington Steel, Inc. compare | n/m |
| CLF Cleveland-Cliffs Inc. | n/m |
| SID National Steel Company compare | n/m |
| TX Ternium S.A. compare | 16.0× |
| PKX POSCO Holdings Inc. compare | 20.8× |
| STLD Steel Dynamics, Inc. compare | 21.7× |
| GGB Gerdau S.A. compare | 21.8× |
| SIM Grupo Simec, S.A. de C.V. compare | 23.3× |
| RS Reliance, Inc. compare | 23.8× |
| Steel industry median | 20.8× |
| Basic Materials sector median | 19.5× |
| Market median | 18.1× |
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)