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
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Cleveland-Cliffs Inc. (CLF) Net margin
Cleveland-Cliffs Inc.'s net margin over the twelve months to 30 September 2026 was −2.36%, up 5.6 percentage points from fiscal 2025 (−7.94%). Over the past ten years it has ranged from −39.1% (fiscal 2015) to 48.4% (fiscal 2018); the current reading is higher than 18% of that period. That is below the Steel industry median of 3.14% and below the Basic Materials sector median of 1.42%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | −7.94% | (3.98) |
| FY2024 | −3.96% | (5.71) |
| FY2023 | 1.75% | (4.06) |
| FY2022 | 5.81% | (8.81) |
| FY2021 | 14.6% | 16.90 |
| FY2020 | −2.28% | (17.00) |
| FY2019 | 14.7% | (33.65) |
| FY2018 | 48.4% | 28.70 |
| FY2017 | 19.7% | 8.47 |
| FY2016 | 11.2% | 50.32 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 2.71% | 5.48 |
| Jun 2026 | −2.77% | 2.05 |
| Mar 2026 | −4.82% | 0.81 |
| Dec 2025 | −5.63% | (0.33) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| SIM Grupo Simec, S.A. de C.V. compare | 11.4% |
| STLD Steel Dynamics, Inc. compare | 8.82% |
| RS Reliance, Inc. compare | 6.38% |
| TX Ternium S.A. compare | 5.74% |
| GGB Gerdau S.A. compare | 3.40% |
| MT ArcelorMittal compare | 2.88% |
| PKX POSCO Holdings Inc. compare | 1.94% |
| WS Worthington Steel, Inc. compare | −0.72% |
| CLF Cleveland-Cliffs Inc. | −2.36% |
| Steel industry median | 3.14% |
| Basic Materials sector median | 1.42% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on CLF
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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