stockrowCleveland-Cliffs Inc.
CLF Basic Materials Steel
Cleveland-Cliffs Inc.’s revenue for fiscal 2025 (year ended December 2025) was $18.6 billion, down 3.00% from fiscal 2024.
- Revenue
- +18.6%
- EPS
- +152.9%
- Free cash flow
- +124.0%
- Total debt
- −4.90%
Quarter to September 2026, against a year earlier
Follow CLF
Alert me
Cleveland-Cliffs Inc. (CLF) Gross margin
Cleveland-Cliffs Inc.'s gross margin over the twelve months to 30 September 2026 was 1.54%, up 6.2 percentage points from fiscal 2025 (−4.62%). Over the past ten years it has ranged from −4.62% (fiscal 2025) to 34.7% (fiscal 2018) — the current reading is the lowest in ten years. That is below the Steel industry median of 14.0% and below the Basic Materials sector median of 25.0%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | −4.62% | (4.95) |
| FY2024 | 0.33% | (5.91) |
| FY2023 | 6.24% | (4.71) |
| FY2022 | 11.0% | (11.23) |
| FY2021 | 22.2% | 17.47 |
| FY2020 | 4.71% | (24.23) |
| FY2019 | 28.9% | (5.75) |
| FY2018 | 34.7% | 9.63 |
| FY2017 | 25.1% | 7.04 |
| FY2016 | 18.0% | 6.27 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 8.29% | 5.76 |
| Jun 2026 | 2.53% | 4.20 |
| Mar 2026 | −1.67% | 3.11 |
| Dec 2025 | −4.78% | (3.81) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| RS Reliance, Inc. compare | 28.1% |
| SIM Grupo Simec, S.A. de C.V. compare | 25.7% |
| TX Ternium S.A. compare | 19.6% |
| STLD Steel Dynamics, Inc. compare | 15.9% |
| GGB Gerdau S.A. compare | 13.2% |
| WS Worthington Steel, Inc. compare | 10.4% |
| PKX POSCO Holdings Inc. compare | 7.86% |
| MT ArcelorMittal compare | 7.27% |
| CLF Cleveland-Cliffs Inc. | 1.54% |
| Steel industry median | 14.0% |
| Basic Materials sector median | 25.0% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on CLF
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement