Cleveland-Cliffs Inc. (CLF) stock
CLFNYSEMetal MiningFiscal year ends December 31
$13.07−0.07 (-0.53%)
Close on Nov 12, 2026Market cap $7.46BP/E –Yield –
Cleveland-Cliffs gross margin
Gross margin is gross profit as a percentage of revenue.
Cleveland-Cliffs's gross margin for the twelve months ending Sep 30, 2026 was 1.5%. For fiscal 2025 it was -4.6%, against 0.3% the year before. The highest annual figure on record is 39.8% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -4.6% | −4.9 |
| FY2024 | Dec 31, 2024 | 0.3% | −5.9 |
| FY2023 | Dec 31, 2023 | 6.2% | −4.7 |
| FY2022 | Dec 31, 2022 | 11.0% | −11.2 |
| FY2021 | Dec 31, 2021 | 22.2% | +17.5 |
| FY2020 | Dec 31, 2020 | 4.7% | −24.2 |
| FY2019 | Dec 31, 2019 | 28.9% | −5.8 |
| FY2018 | Dec 31, 2018 | 34.7% | +9.7 |
| FY2017 | Dec 31, 2017 | 25.1% | +7.0 |
| FY2016 | Dec 31, 2016 | 18.0% | +6.3 |
| FY2015 | Dec 31, 2015 | 11.7% | −14.5 |
| FY2014 | Dec 31, 2014 | 26.3% | −11.9 |
| FY2013 | Dec 31, 2013 | 38.2% | +18.2 |
| FY2012 | Dec 31, 2012 | 20.0% | −19.8 |
| FY2011 | Dec 31, 2011 | 39.8% | +7.2 |
| FY2010 | Dec 31, 2010 | 32.5% | +19.2 |
| FY2009 | Dec 31, 2009 | 13.3% | −18.8 |
| FY2008 | Dec 31, 2008 | 32.1% | +11.8 |
| FY2007 | Dec 31, 2007 | 20.3% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 8.3% | +9.3 |
| Q2 FY2026 | Jun 30, 2026 | 2.5% | +6.8 |
| Q1 FY2026 | Mar 31, 2026 | -1.7% | +6.9 |
| Q4 FY2025 | Dec 31, 2025 | -4.8% | +1.5 |
| Q3 FY2025 | Sep 30, 2025 | -1.0% | +1.3 |
| Q2 FY2025 | Jun 30, 2025 | -4.3% | −7.5 |
| Q1 FY2025 | Mar 31, 2025 | -8.6% | −14.0 |
| Q4 FY2024 | Dec 31, 2024 | -6.3% | −9.2 |
| Q3 FY2024 | Sep 30, 2024 | -2.3% | −10.9 |
| Q2 FY2024 | Jun 30, 2024 | 3.2% | −7.6 |
| Q1 FY2024 | Mar 31, 2024 | 5.5% | +3.6 |
| Q4 FY2023 | Dec 31, 2023 | 2.9% | +4.1 |
| Q3 FY2023 | Sep 30, 2023 | 8.6% | +2.4 |
| Q2 FY2023 | Jun 30, 2023 | 10.8% | −4.7 |
| Q1 FY2023 | Mar 31, 2023 | 1.9% | −19.1 |
| Q4 FY2022 | Dec 31, 2022 | -1.2% | −25.0 |
| Q3 FY2022 | Sep 30, 2022 | 6.2% | −23.4 |
| Q2 FY2022 | Jun 30, 2022 | 15.5% | −8.2 |
| Q1 FY2022 | Mar 31, 2022 | 21.0% | +13.9 |
| Q4 FY2021 | Dec 31, 2021 | 23.8% | +13.1 |
| Q3 FY2021 | Sep 30, 2021 | 29.6% | +22.2 |
| Q2 FY2021 | Jun 30, 2021 | 23.7% | +34.2 |
| Q1 FY2021 | Mar 31, 2021 | 7.1% | +6.3 |
| Q4 FY2020 | Dec 31, 2020 | 10.8% | −13.0 |
| Q3 FY2020 | Sep 30, 2020 | 7.4% | −20.5 |
| Q2 FY2020 | Jun 30, 2020 | -10.5% | −45.9 |
| Q1 FY2020 | Mar 31, 2020 | 0.8% | −18.8 |
| Q4 FY2019 | Dec 31, 2019 | 23.8% | −5.3 |
| Q3 FY2019 | Sep 30, 2019 | 27.9% | −7.4 |
| Q2 FY2019 | Jun 30, 2019 | 35.4% | −4.4 |
| Q1 FY2019 | Mar 31, 2019 | 19.7% | −14.5 |
| Q4 FY2018 | Dec 31, 2018 | 29.0% | +6.3 |
| Q3 FY2018 | Sep 30, 2018 | 35.3% | +8.8 |
| Q2 FY2018 | Jun 30, 2018 | 39.8% | +9.1 |
| Q1 FY2018 | Mar 31, 2018 | 34.2% | +17.0 |
| Q4 FY2017 | Dec 31, 2017 | 22.7% | −1.4 |
| Q3 FY2017 | Sep 30, 2017 | 26.4% | – |
| Q2 FY2017 | Jun 30, 2017 | 30.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 17.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 24.1% | – |
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