SuperworthCleveland-Cliffs profit margin CLF
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- −4.6%
- Operating margin, 12 months
- −4.2%
- Net margin on a year earlier
- +4.5 pts
- Peer median
- 7.8%
Over the twelve months to Jun 30, 2026, Cleveland-Cliffs kept −4.6% of its revenue as net profit, with an operating margin of −4.2% and a gross margin of −1.1%.
Five years earlier its net margin was 6.7%.
The median for 10 materials stocks of a similar size is 7.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −7.9% | −8.5% | −4.6% |
| FY2024 | −3.9% | −4.0% | 0.4% |
| FY2023 | 1.8% | 3.1% | 6.3% |
| FY2022 | 5.8% | 8.4% | 11.0% |
| FY2021 | 14.6% | 19.6% | 22.2% |
| FY2020 | −2.3% | −2.7% | 4.7% |
| FY2019 | 14.7% | 21.6% | 28.9% |
| FY2018 | 48.4% | 28.9% | 34.7% |
| FY2017 | 19.7% | 22.6% | 25.1% |
| FY2016 | 8.3% | 11.4% | 18.5% |
| FY2015 | −37.2% | 7.5% | 11.7% |
| FY2014 | n/a | 3.9% | 26.3% |
| FY2013 | 7.3% | 11.8% | 20.2% |
| FY2012 | −15.3% | −5.3% | 20.0% |
| FY2011 | 24.7% | 35.7% | 39.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −4.6% | +4.5 pts | −4.2% | |
| Q1 FY26 | −6.4% | −0.1 pts | −6.6% | |
| Q4 FY25 | −7.9% | −4.0 pts | −8.5% | |
| Q3 FY25 | −9.0% | −6.7 pts | −9.2% | |
| Q2 FY25 | −9.1% | −9.3 pts | −9.6% | |
| Q1 FY25 | −6.4% | −8.2 pts | −6.8% | |
| Q4 FY24 | −3.9% | −5.8 pts | −4.0% | |
| Q3 FY24 | −2.3% | −3.9 pts | −2.0% | |
| Q2 FY24 | 0.2% | −0.8 pts | 0.9% | |
| Q1 FY24 | 1.8% | −0.4 pts | 3.1% | |
| Q4 FY23 | 1.8% | −4.0 pts | 3.1% | |
| Q3 FY23 | 1.6% | −8.9 pts | 2.7% |
Against its peers
Companies in Basic Materials nearest Cleveland-Cliffs' size, closest first, today.
| Company | Profit margin |
|---|---|
| CLFCleveland-Cliffs | −4.6% |
| NEUNewmarket | 15.8% |
| ESIElement Solutions | 5.7% |
| CTVACorteva | 5.7% |
| EMNEastman Chemical | 5.0% |
| AXTAAxalta Coating Systems | 6.8% |
| HLHecla Mining | 20.8% |
| AAAlcoa | n/m |
| HXLHexcel | 7.8% |
| CLXClorox | 8.7% |
| SSRMSSR Mining | 12.3% |
| Peer median | 7.8% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Cleveland-Cliffs
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.