Cleveland-Cliffs (CLF) EBT Margin (2009 - 2026)
Cleveland-Cliffs' EBT Margin came in at 3.80% for Q3 2026, up 10.32 percentage points from -6.53% a year earlier and up 6.70 percentage points from the prior quarter.
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Analysis
Cleveland-Cliffs (CLF) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Cleveland-Cliffs reported EBT Margin of -3.41%, up 8.05 percentage points year-over-year; for FY2025, it came in at -10.77%, down 5.82 percentage points from FY2024.
- EBT Margin has declined in each of the last four years, with a five-year change of -7.16 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was -4.95% in FY2024 (-7.58 pp), 2.63% in FY2023 (-5.18 pp), 7.81% in FY2022 (-10.79 pp) and 18.60% in FY2021 (+22.21 pp).
- The Q3 2026 figure represents the highest quarterly EBT Margin since Q3 2023.
- Year-over-year, EBT Margin has increased for five consecutive quarters, with an average year-over-year change of -0.63 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q4 2021 (a gain of 18.14 percentage points), and the weakest in Q4 2022 (a drop of 24.49 percentage points).
- Business Quant data shows CLF's EBT Margin at -2.91% (Q2 2026), -6.24% (Q1 2026) and -10.18% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | 59.19% |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 50.45% |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | 27.46% |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 49.58% |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 15.63% |
| 10 | Cleveland-Cliffs | 7.45 Bn | 7.20 Bn | 465.00 Mn | 3.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.80% |
| Jun 30, 2026 | -2.91% |
| Mar 31, 2026 | -6.24% |
| Dec 31, 2025 | -10.18% |
| Sep 30, 2025 | -6.53% |
| Jun 30, 2025 | -12.59% |
| Mar 31, 2025 | -13.72% |
| Dec 31, 2024 | -13.18% |
| Sep 30, 2024 | -6.74% |
| Jun 30, 2024 | -0.12% |
| Mar 31, 2024 | -1.17% |
| Dec 31, 2023 | -2.46% |
| Sep 30, 2023 | 5.41% |
| Jun 30, 2023 | 7.65% |
| Mar 31, 2023 | -1.06% |
| Dec 31, 2022 | -3.69% |
| Sep 30, 2022 | 3.10% |
| Jun 30, 2022 | 11.95% |
| Mar 31, 2022 | 17.63% |
| Dec 31, 2021 | 20.80% |
API Access
Cleveland-Cliffs EBT 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=ebt-margin&ticker=CLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();