Cleveland-Cliffs (CLF) Net Margin (2009 - 2026)
Cleveland-Cliffs' (CLF) quarterly Net Margin came in at 2.77% in Q2 2026, up 708.0% year-over-year from 0.34% in Q2 2025, and up 42.38% quarter-over-quarter from 4.82% in Q1 2026.
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Cleveland-Cliffs (CLF) Net Margin (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has reported Net Margin for 18 consecutive years, with 2.77% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 708.0% year-over-year to 2.77% in Q2 2026; TTM through Jun 2026 was 4.56%, a 451.0% increase from a year earlier, with the FY2025 full-year figure at 7.94%, down 398.0% from the prior year.
- Net Margin was 2.77% for Q2 2026 at Cleveland-Cliffs, up from 4.82% in the prior quarter.
- Over five years, Net Margin peaked at 13.45% in Q1 2022 and troughed at 10.76% in Q1 2025.
- A 5-year average of 1.59% and a median of 3.04% in 2023 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 1244 bps in 2022, down 1853 bps in 2022.
- Over 5 years, Net Margin stood at 4.24% in 2022, then advanced by 22 bps to 3.31% in 2023, then sank by 213 bps to 10.34% in 2024, then jumped by 45 bps to 5.63% in 2025, then jumped by 51 bps to 2.77% in 2026.
- The last three Net Margin figures came in at 2.77% (Q2 2026), 4.82% (Q1 2026), and 5.63% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 116.34 Bn | 110.88 Bn | 941.02 Mn | 7.92% |
| 2 | Nucor | 59.22 Bn | 57.68 Bn | 2.03 Bn | 12.31% |
| 3 | Steel Dynamics | 34.76 Bn | 33.98 Bn | 958.97 Mn | 8.71% |
| 4 | Gerdau | 9.98 Bn | 8.94 Bn | 558.98 Mn | 8.14% |
| 5 | Commercial Metals | 7.78 Bn | 7.22 Bn | 455.14 Mn | 6.97% |
| 6 | Cleveland-Cliffs | 7.13 Bn | 7.27 Bn | 132.00 Mn | -2.77% |
| 7 | Posco Holdings | 4.74 Bn | -4.93 Bn | 1.11 Bn | 3.95% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.41 Bn | 2.86 Bn | - | - |
| 9 | National Steel | 1.62 Bn | -1.21 Bn | 579.08 Mn | -5.99% |
| 10 | SunCoke Energy | 876.76 Mn | 861.96 Mn | 100.40 Mn | 3.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.77% |
| Mar 31, 2026 | -4.82% |
| Dec 31, 2025 | -5.63% |
| Sep 30, 2025 | -5.30% |
| Jun 30, 2025 | -9.85% |
| Mar 31, 2025 | -10.76% |
| Dec 31, 2024 | -10.34% |
| Sep 30, 2024 | -5.34% |
| Jun 30, 2024 | 0.04% |
| Mar 31, 2024 | -1.29% |
| Dec 31, 2023 | -3.31% |
| Sep 30, 2023 | 4.71% |
| Jun 30, 2023 | 5.80% |
| Mar 31, 2023 | -1.08% |
| Dec 31, 2022 | -4.24% |
| Sep 30, 2022 | 2.69% |
| Jun 30, 2022 | 9.41% |
| Mar 31, 2022 | 13.45% |
| Dec 31, 2021 | 11.76% |
| Sep 30, 2021 | 21.22% |