Skip to content
Screener

Cleveland-Cliffs CLF Steelmaking — Adjusted EBITDA

Similar metrics at other companies

Jones Lang LaSalle logo
JLLAdjusted EBITDA
$273.6M+21.7%
Adient logo
ADNTAdjusted EBITDA
$246M0.0%
Churchill Downs logo
CHDNAdjusted EBITDA
$477M+5.8%
Playtika Holding Corp. logo
PLTKAdjusted EBITDA
$188.3M-0.6%
Playtika Holding Corp. logo
PLTKAdjusted EBITDA
$188.3M-0.6%
PSK
PSKYStudios — Adjusted EBITDA
$164M—

Other financials

Income statement

See full
Revenue$5.2B+5.9%
Gross profit$132.0M+162%
Operating income-$49.0M+90.2%
Net income-$134.0M+71.7%
EPS (diluted)-$0.25+74.5%

Balance sheet

See full
Cash & equivalents$70.0M+14.8%
Total debt$7.7B-0.3%
Total equity$5.6B-3.7%
Total assets$20.1B-1.7%

Cash flow

See full
Operating cash flow-$325.0M+7.4%
CapEx$157.0M+40.2%
Free cash flow-$477.0M+5.2%

Valuation

See full
Market cap$7.22B+55.7%
Enterprise value$14.85B+20.7%
P/S0.4×+0.1×

Profitability

See full
Gross margin-1.1%—
Operating margin-4.2%-1.5pp
Net margin-4.3%-1.5pp
FCF margin-5.3%-0.3pp

Returns & leverage

See full
Return on equity-14.6%-4.3pp
Debt / equity1.4×0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept clf:AdjustedEBITDAEarningsLoss.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000764065-26-000100
(In millions)SteelmakingOther BusinessesEliminationsTotal
Net periodic benefit credits other than service cost component64——64
Excluding depreciation, depletion and amortization2548—262
Other segment items1(16)(2)—(18)
Total Adjusted EBITDA$268$18—$286
Interest expense, net(156)
Income tax benefit20
Depreciation, depletion and amortization(262)
EBITDA from noncontrolling interests216

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's steelmaking — adjusted EBITDA?
Cleveland-Cliffs (CLF) reported steelmaking — adjusted EBITDA of $268M in Q2 2026.
How has Cleveland-Cliffs's steelmaking — adjusted EBITDA changed year-over-year?
Cleveland-Cliffs's steelmaking — adjusted EBITDA increased by 235.0% year-over-year, from $80M to $268M.
What is the long-term trend for Cleveland-Cliffs's steelmaking — adjusted EBITDA?
Over 3 years (2021 to 2025), Cleveland-Cliffs's steelmaking — adjusted EBITDA has grown at a -85.5% compound annual growth rate (CAGR), from $5.28B to -$16M.
What does steelmaking — adjusted EBITDA mean?
Measures the operational profitability of the steelmaking segment by excluding interest, taxes, depreciation, amortization, and other non-recurring items. It is a primary indicator of the segment's ability to generate cash flow from its core manufacturing activities.

Ask your AI about Cleveland-Cliffs's steelmaking — adjusted ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude