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 profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Cleveland-Cliffs's profit margin for the twelve months ending Sep 30, 2026 was -2.4%. For fiscal 2025 it was -7.9%, against -4.0% the year before. The highest annual figure on record is 48.4% in fiscal 2018.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -7.9% | −4.0 |
| FY2024 | Dec 31, 2024 | -4.0% | −5.7 |
| FY2023 | Dec 31, 2023 | 1.8% | −4.1 |
| FY2022 | Dec 31, 2022 | 5.8% | −8.8 |
| FY2021 | Dec 31, 2021 | 14.6% | +16.9 |
| FY2020 | Dec 31, 2020 | -2.3% | −17.0 |
| FY2019 | Dec 31, 2019 | 14.7% | −33.6 |
| FY2018 | Dec 31, 2018 | 48.4% | +28.7 |
| FY2017 | Dec 31, 2017 | 19.7% | +8.5 |
| FY2016 | Dec 31, 2016 | 11.2% | +48.4 |
| FY2015 | Dec 31, 2015 | -37.2% | +176.9 |
| FY2014 | Dec 31, 2014 | -214.2% | −224.8 |
| FY2013 | Dec 31, 2013 | 10.6% | +25.9 |
| FY2012 | Dec 31, 2012 | -15.3% | −40.0 |
| FY2011 | Dec 31, 2011 | 24.7% | +1.9 |
| FY2010 | Dec 31, 2010 | 22.7% | +14.0 |
| FY2009 | Dec 31, 2009 | 8.8% | −5.5 |
| FY2008 | Dec 31, 2008 | 14.3% | +2.4 |
| FY2007 | Dec 31, 2007 | 11.9% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 2.7% | +8.0 |
| Q2 FY2026 | Jun 30, 2026 | -2.8% | +7.1 |
| Q1 FY2026 | Mar 31, 2026 | -4.8% | +5.9 |
| Q4 FY2025 | Dec 31, 2025 | -5.6% | +4.7 |
| Q3 FY2025 | Sep 30, 2025 | -5.3% | +0.0 |
| Q2 FY2025 | Jun 30, 2025 | -9.9% | −9.9 |
| Q1 FY2025 | Mar 31, 2025 | -10.8% | −9.5 |
| Q4 FY2024 | Dec 31, 2024 | -10.3% | −7.0 |
| Q3 FY2024 | Sep 30, 2024 | -5.3% | −10.1 |
| Q2 FY2024 | Jun 30, 2024 | 0.0% | −5.8 |
| Q1 FY2024 | Mar 31, 2024 | -1.3% | −0.2 |
| Q4 FY2023 | Dec 31, 2023 | -3.3% | +0.9 |
| Q3 FY2023 | Sep 30, 2023 | 4.7% | +2.0 |
| Q2 FY2023 | Jun 30, 2023 | 5.8% | −3.6 |
| Q1 FY2023 | Mar 31, 2023 | -1.1% | −14.5 |
| Q4 FY2022 | Dec 31, 2022 | -4.2% | −20.9 |
| Q3 FY2022 | Sep 30, 2022 | 2.7% | −18.5 |
| Q2 FY2022 | Jun 30, 2022 | 9.4% | −6.1 |
| Q1 FY2022 | Mar 31, 2022 | 13.5% | +12.4 |
| Q4 FY2021 | Dec 31, 2021 | 16.7% | +13.9 |
| Q3 FY2021 | Sep 30, 2021 | 21.2% | +21.8 |
| Q2 FY2021 | Jun 30, 2021 | 15.5% | +26.8 |
| Q1 FY2021 | Mar 31, 2021 | 1.0% | +15.5 |
| Q4 FY2020 | Dec 31, 2020 | 2.8% | −9.0 |
| Q3 FY2020 | Sep 30, 2020 | -0.6% | −17.0 |
| Q2 FY2020 | Jun 30, 2020 | -11.3% | −33.0 |
| Q1 FY2020 | Mar 31, 2020 | -14.5% | −0.4 |
| Q4 FY2019 | Dec 31, 2019 | 11.9% | −75.7 |
| Q3 FY2019 | Sep 30, 2019 | 16.4% | −42.7 |
| Q2 FY2019 | Jun 30, 2019 | 21.6% | −1.5 |
| Q1 FY2019 | Mar 31, 2019 | -14.1% | +32.8 |
| Q4 FY2018 | Dec 31, 2018 | 87.5% | +27.0 |
| Q3 FY2018 | Sep 30, 2018 | 59.0% | +50.1 |
| Q2 FY2018 | Jun 30, 2018 | 23.1% | +16.4 |
| Q1 FY2018 | Mar 31, 2018 | -46.8% | −37.0 |
| Q4 FY2017 | Dec 31, 2017 | 60.6% | +50.1 |
| Q3 FY2017 | Sep 30, 2017 | 8.9% | – |
| Q2 FY2017 | Jun 30, 2017 | 6.7% | – |
| Q1 FY2017 | Mar 31, 2017 | -9.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.5% | – |
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