Cleveland-Cliffs (CLF) EBIT Margin (2009 - 2026)
Cleveland-Cliffs (CLF) reported EBIT Margin of -0.94% for Q2 2026, up 9.22 percentage points from -10.15% a year earlier and up 3.39 percentage points from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) EBIT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cleveland-Cliffs' EBIT Margin came in at -4.15%, up 5.44 percentage points year-over-year; for FY2025, it came in at -8.48%, down 4.51 percentage points from FY2024.
- EBIT Margin has declined for four consecutive years, with a five-year change of -5.83 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at -3.98% in FY2024 (-6.97 pp), 3.00% in FY2023 (-5.44 pp), 8.43% in FY2022 (-11.19 pp) and 19.62% in FY2021 (+22.28 pp).
- The Q2 2026 figure ranks as the highest quarterly EBIT Margin since Q2 2024.
- Year over year, EBIT Margin has now increased in each of the last four quarters, with an average year-over-year change of -2.52 percentage points over the last eight quarters.
- The high point for year-over-year EBIT Margin in five years was Q3 2021 (a gain of 25.16 percentage points); the low point was Q4 2022 (a drop of 24.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -4.33% (Q1 2026), -7.67% (Q4 2025) and -4.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 162.50 Bn | 141.29 Bn | 2.90 Bn | 61.16% |
| 3 | Rio Tinto | 141.39 Bn | 101.89 Bn | - | - |
| 4 | Newmont | 124.29 Bn | 92.29 Bn | 4.03 Bn | 16.48% |
| 5 | Freeport-Mcmoran | 98.73 Bn | 82.77 Bn | 2.19 Bn | 28.50% |
| 6 | Agnico Eagle Mines | 93.67 Bn | 83.30 Bn | 2.43 Bn | 60.65% |
| 7 | Barrick Mining | 69.41 Bn | 44.61 Bn | 2.90 Bn | 51.63% |
| 8 | Nucor | 60.50 Bn | 49.89 Bn | 2.03 Bn | 15.67% |
| 9 | ArcelorMittal | 48.50 Bn | 27.52 Bn | - | 6.29% |
| 10 | Cleveland-Cliffs | 8.06 Bn | 7.81 Bn | 465.00 Mn | 5.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.54% |
| Jun 30, 2026 | -0.94% |
| Mar 31, 2026 | -4.33% |
| Dec 31, 2025 | -7.67% |
| Sep 30, 2025 | -4.31% |
| Jun 30, 2025 | -10.15% |
| Mar 31, 2025 | -11.73% |
| Dec 31, 2024 | -10.75% |
| Sep 30, 2024 | -5.71% |
| Jun 30, 2024 | 0.12% |
| Mar 31, 2024 | -0.73% |
| Dec 31, 2023 | -2.31% |
| Sep 30, 2023 | 5.80% |
| Jun 30, 2023 | 8.07% |
| Mar 31, 2023 | -0.59% |
| Dec 31, 2022 | -3.61% |
| Sep 30, 2022 | 3.31% |
| Jun 30, 2022 | 13.26% |
| Mar 31, 2022 | 18.37% |
| Dec 31, 2021 | 20.93% |
API Access
Cleveland-Cliffs EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "CLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();