Cleveland-Cliffs CLF Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -2.9%— | -4.6%— | —— | —— | —— | |
| Operating margin | -6.6%+0.2pp | -8.5%-4.5pp | -9.2%— | -9.6%— | -6.8%— | |
| Net margin | -6.2%0.0pp | -7.7%-4.0pp | -8.7%— | -8.8%— | -6.1%— | |
| EBITDA margin | -0.2%+1.2pp | -1.8%-2.8pp | -2.6%— | -3.2%— | -1.4%— | |
| Free cash flow margin | -5.3%+0.4pp | -5.5%-2.4pp | -8.3%-11.2pp | -8%-14.8pp | -5.7%-13.9pp | |
| Returns | ||||||
| Return on equity | -19.3%-2.4pp | -22.4%-12.6pp | -26.4%— | -25.1%— | -17%— | |
| Return on assets | -5.7%+0.3pp | -7%-3.3pp | -8.8%— | -8.7%— | -6%— | |
| Return on invested capital | -9.1%+1.1pp | -11.1%-5.2pp | -14.2%— | -14.7%— | -10.3%— | |
| Efficiency | ||||||
| Asset turnover | 0.9×-0.1× | 0.9×-0.1× | 1×-0.1× | 1×-0.2× | 1×-0.2× | |
| Inventory turnover | 4.1×0.0× | 3.9×-0.1× | 4.4×0.0× | 4.4×-0.1× | 4.1×-0.2× | |
| Liquidity | ||||||
| Current ratio | 2×-0.1× | 1.9×-0.1× | 2×+0.2× | 2×+0.2× | 2.1×+0.2× | |
| Quick ratio | 0.6×0.0× | 0.5×0.0× | 0.6×+0.1× | 0.6×0.0× | 0.6×0.0× | |
| Cash ratio | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×+0.1× | 1.3×+0.1× | 1.5×+0.9× | 1.3×+0.8× | 1.2×+0.7× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×+0.2× | 0.4×+0.2× | 0.4×+0.2× | |
| Valuation | ||||||
| Market capitalization | $4.82B+18.6% | $7.57B+62.9% | $6.04B+1.0% | $3.55B-51.5% | $4.06B-64.1% | |
| Enterprise value | $12.54B+8.0% | $15.45B+25.0% | $14.01B+44.2% | $11.21B+4.6% | $11.61B-22.4% | |
| Price / sales | 0.3×0.0× | 0.4×+0.2× | 0.3×0.0× | 0.2×-0.2× | 0.2×-0.3× | |
| Price / book | 0.8×+0.2× | 1.2×+0.5× | 1.1×+0.2× | 0.6×-0.4× | 0.6×-0.9× | |
| EV / sales | 0.7×0.0× | 0.8×+0.2× | 0.8×+0.3× | 0.6×+0.1× | 0.6×-0.1× | |
| Free cash flow yield | -20.7%+5.2pp | -13.5%-0.8pp | -25.6%-35.2pp | -41.8%-61.1pp | -25.9%-41.9pp | |
| Earnings yield | -24.2%+3.9pp | -18.8%-3.5pp | -26.9%— | -45.7%— | -28.1%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Cleveland-Cliffs's profit margins?
- Cleveland-Cliffs (CLF) runs a -2.9% gross margin and a -6.6% operating margin, with a -6.2% net margin.
- Where do Cleveland-Cliffs's ratios come from?
- Every ratio is computed from Cleveland-Cliffs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
