Cleveland-Cliffs (CLF) Net Margin (2009 - 2026)
Cleveland-Cliffs (CLF) reported Net Margin of 4.82% for Q1 2026, up 594.0% year-over-year from 0.69% in Q1 2025, and up 14.54% quarter-over-quarter from 5.63% in Q4 2025.
Cleveland-Cliffs (CLF) Net Margin (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Net Margin data on file, last reported at 4.82% in Q1 2026.
- Net Margin for Q1 2026 came in at 4.82%, up 594.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.42% (down 5.0% YoY), and the FY2025 annual result was 7.94%, down 398.0% from the prior year.
- Net Margin improved to 4.82% in Q1 2026 per CLF's latest filing, from 5.63% 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 1.52% and a median of 3.31% in 2023 frame the typical range for Net Margin.
- On a YoY basis, Net Margin climbed as much as 1244 bps in 2022 and fell as far as 1853 bps in 2022.
- A 5-year view of Net Margin shows it stood at 4.24% in 2022, then climbed by 22 bps to 3.31% in 2023, then plunged by 213 bps to 10.34% in 2024, then surged by 45 bps to 5.63% in 2025, then increased by 15 bps to 4.82% in 2026.
- Business Quant data shows CLF's Net Margin at 4.82% in Q1 2026, 5.63% in Q4 2025, and 5.3% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | 5.41% |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 9.16% |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | 3.72% |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 7.69% |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 6.58% |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | -4.82% |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | 53.69% |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | -10.87% |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 1.40% |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 7.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.82% |
| Dec 31, 2025 | -5.63% |
| Sep 30, 2025 | -5.30% |
| Jun 30, 2025 | -9.79% |
| 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% |
| Jun 30, 2021 | 15.46% |