Cleveland-Cliffs (MEX:CLF) FCF Margin %: -9.69% (As of Mar. 2026)


MEX:CLF Cleveland-Cliffs Inc MEX:CLF
63 GF Score
Price MXN188.88
GF Value MXN208.19
Valuation Fairly Valued
! 7 Warning Signs
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What is Cleveland-Cliffs FCF Margin %?

Cleveland-Cliffs MEX:CLF +2.10% 63 FCF Margin % is -9.69% as of Mar. 2026. GuruFocus rates MEX:CLF with a GF Score™ of 63/100 and a GF Value™ of MXN208.19 (Fairly Valued). The stock has 7 warning signs investors should review. Among 616 Steel companies, Cleveland-Cliffs ranks worse than 75.32% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Cleveland-Cliffs's Free Cash Flow for the three months ended in Mar. 2026 was MXN-8,602 Mil. Cleveland-Cliffs's Revenue for the three months ended in Mar. 2026 was MXN88,757 Mil. Therefore, Cleveland-Cliffs's FCF Margin % for the quarter that ended in Mar. 2026 was -9.69%.

As of today, Cleveland-Cliffs's current FCF Yield % is -16.24%.

The historical rank and industry rank for Cleveland-Cliffs's FCF Margin % or its related term are showing as below:

MEX:CLF' s FCF Margin % Range Over the Past 10 Years
Min: -14.62   Med: 6.91   Max: 15.05
Current: -5.21


During the past 13 years, the highest FCF Margin % of Cleveland-Cliffs was 15.05%. The lowest was -14.62%. And the median was 6.91%.

MEX:CLF's FCF Margin % is ranked worse than
75.32% of 616 companies
in the Steel industry
Industry Median: 1.08 vs MEX:CLF: -5.21


Cleveland-Cliffs FCF Margin % Related Terms


Cleveland-Cliffs FCF Margin % Historical Data

* Premium members only.

The historical data trend for Cleveland-Cliffs's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cleveland-Cliffs FCF Margin % Chart

Cleveland-Cliffs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.17 6.44 7.37 -3.08 -5.50

Cleveland-Cliffs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.87 -1.36 -6.34 -3.55 -9.69

MEX:CLF vs TX, WS, NWPX: FCF Margin % Comparison

For the Steel subindustry, Cleveland-Cliffs's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cleveland-Cliffs FCF Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Cleveland-Cliffs's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Cleveland-Cliffs's FCF Margin % falls into.


MEX:CLF
63GF Score
Cleveland-Cliffs Inc MEX:CLF
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cleveland-Cliffs FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Cleveland-Cliffs's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-18419.831/335086.077
=-5.50 %

Cleveland-Cliffs's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-8601.598/88756.949
=-9.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -9.69% mean?
Cleveland-Cliffs (MEX:CLF) has a FCF Margin % of -9.69% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Cleveland-Cliffs and its competitors. According to the industry distribution chart, Cleveland-Cliffs ranks #464 out of 616 companies in the Steel industry, placing it in the top 75.3%.
Is Cleveland-Cliffs' FCF Margin % too high?
Cleveland-Cliffs' current FCF Margin % is -9.69%. Based on the distribution chart, Cleveland-Cliffs ranks #464 out of 616 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Cleveland-Cliffs has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cleveland-Cliffs' FCF Margin % compare to TX and WS?
According to the Steel industry distribution chart, Cleveland-Cliffs ranks #464 out of 616 companies for FCF Margin %. This places Cleveland-Cliffs in the lower half of its industry. The industry median FCF Margin % is 1.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Steel company?
The median FCF Margin % among Steel companies is 1.08, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Cleveland-Cliffs and its competitors. For the Steel industry, the median FCF Margin % is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleveland-Cliffs's current FCF Margin % is -9.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleveland-Cliffs stock overvalued right now?
Based on GuruFocus' analysis, Cleveland-Cliffs (MEX:CLF) is currently considered Fairly Valued. The stock's GF Value™ is MXN208.19, compared to a current price of MXN188.88 — trading 9.3% below its estimated fair value. The current FCF Margin % is -9.69%. Cleveland-Cliffs' overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Cleveland-Cliffs (MEX:CLF), the current FCF Margin % is -9.69% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cleveland-Cliffs (MEX:CLF) Overvalued in 2026?

Based on GuruFocus' analysis, Cleveland-Cliffs stock appears to be undervalued. The current stock price of MXN188.88 is trading 9.3% below its estimated GF Value™ of MXN208.19. GuruFocus considers Cleveland-Cliffs to be Fairly Valued.

Key valuation signals for MEX:CLF:

  • FCF Margin %: -9.69%
  • GF Value™: MXN208.19 vs. price of MXN188.88 (9.3% below fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the MEX:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cleveland-Cliffs Business Description

Address 200 Public Square, Suite 3300, Cleveland, OH, USA, 44114-2315
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
63GF Score

Get the complete analysis for MEX:CLF

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN188.88
Price
MXN208.19
GF Value