Cleveland-Cliffs (CLF) Net Margin (2009 - 2026)
Cleveland-Cliffs (CLF) posted quarterly Net Margin of 2.77% for 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.
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.
- In Q2 2026, Net Margin rose 708.0% year-over-year to 2.77%; the TTM figure through Jun 2026 stood at 4.56% (up 451.0% YoY), while the FY2025 annual figure was 7.94%, down 398.0% from the prior year.
- Net Margin improved to 2.77% in Q2 2026 per CLF's latest filing, from 4.82% in the prior quarter.
- Across five years, Net Margin topped out at 13.45% in Q1 2022 and bottomed at 10.76% in Q1 2025.
- Historically, Net Margin has averaged 1.59% across 5 years, with a median of 3.04% in 2023.
- On a YoY basis, Net Margin climbed as much as 1244 bps in 2022 and fell as far as 1853 bps in 2022.
- Cleveland-Cliffs' Net Margin stood at 4.24% in 2022, then grew by 22 bps to 3.31% in 2023, then sank by 213 bps to 10.34% in 2024, then soared by 45 bps to 5.63% in 2025, then soared by 51 bps to 2.77% in 2026.
- Business Quant data shows CLF's Net Margin at 2.77% in Q2 2026, 4.82% in Q1 2026, and 5.63% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 106.22 Bn | 96.33 Bn | 941.02 Mn | 7.92% |
| 2 | Nucor | 55.03 Bn | 52.34 Bn | 2.03 Bn | 12.31% |
| 3 | ArcelorMittal | 54.04 Bn | 49.19 Bn | - | 4.07% |
| 4 | Steel Dynamics | 31.61 Bn | 31.03 Bn | 958.97 Mn | 8.71% |
| 5 | Reliance | 19.53 Bn | 19.29 Bn | 1.30 Bn | 6.97% |
| 6 | Cleveland-Cliffs | 6.15 Bn | 6.08 Bn | 132.00 Mn | -2.77% |
| 7 | Gerdau | 5.42 Bn | 4.28 Bn | 558.98 Mn | 8.14% |
| 8 | GRUPO SIMEC, S.A.B. de C.V | 4.56 Bn | 3.00 Bn | - | - |
| 9 | Posco Holdings | 4.34 Bn | 1.84 Bn | 1.04 Bn | 15.70% |
| 10 | Worthington Steel | 1.70 Bn | 1.61 Bn | 118.80 Mn | -5.81% |
Historic Data
Download 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% |