Cleveland-Cliffs Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	5,624	7,566	4,643	10,310	8,269	10,889
Market Cap Growth	55.54%	62.96%	-54.96%	24.68%	-24.05%	56.61%
Enterprise Value	13,363	14,969	11,887	13,484	12,743	16,363
Last Close Price	9.86	13.28	9.40	20.42	16.11	21.77
PE Ratio	-	-	-	27.23	6.32	4.06
Forward PE	57.06	-	-	13.58	17.11	2.75
PS Ratio	0.30	0.41	0.24	0.47	0.36	0.53
PB Ratio	0.97	1.24	0.70	1.31	1.06	1.98
P/TBV Ratio	1.78	2.13	1.22	1.56	1.27	2.78
P/FCF Ratio	-	-	-	6.36	5.59	5.23
P/OCF Ratio	-	-	44.22	4.55	3.41	3.91
EV/Sales Ratio	0.71	0.80	0.62	0.61	0.55	0.80
EV/EBITDA Ratio	73.02	-	63.23	8.26	4.29	3.33
EV/EBIT Ratio	-	-	-	20.46	6.57	4.08
EV/FCF Ratio	-	-	-	8.32	8.61	7.87
Debt / Equity Ratio	1.29	1.15	1.03	0.39	0.53	0.91
Debt / EBITDA Ratio	-	-	37.58	1.92	1.43	1.07
Debt / FCF Ratio	-	-	-	1.94	2.87	2.52
Net Debt / Equity Ratio	1.33	1.18	1.06	0.37	0.54	0.95
Net Debt / EBITDA Ratio	-227.00	-20.92	37.29	1.80	1.42	1.06
Net Debt / FCF Ratio	-7.74	-7.03	-11.88	1.81	2.85	2.50
Asset Turnover	0.94	0.91	1.00	1.21	1.22	1.14
Inventory Turnover	4.15	3.95	4.00	4.30	3.97	3.53
Quick Ratio	0.58	0.45	0.48	0.58	0.56	0.62
Current Ratio	2.02	1.95	2.06	1.89	2.09	2.15
Return on Equity (ROE)	-18.80%	-21.58%	-9.53%	5.38%	19.88%	74.68%
Return on Assets (ROA)	-4.31%	-5.47%	-2.98%	2.73%	7.86%	17.88%
Return on Invested Capital (ROIC)	-6.34%	-8.19%	-4.60%	4.25%	12.76%	34.40%
Return on Capital Employed (ROCE)	-7.44%	-9.21%	-4.83%	4.51%	12.66%	27.43%
Earnings Yield	-	-	-	3.67%	15.83%	24.62%
FCF Yield	-	-	-	15.72%	17.90%	19.10%
Buyback Yield / Dilution	-9.57%	-5.83%	6.07%	2.48%	6.09%	-47.23%
Total Shareholder Return	-9.57%	-5.83%	6.07%	2.48%	6.09%	-47.23%

SEC Filings: 10-K · 10-Q