Cleveland-Cliffs (CLF) Operating Margin (2009 - 2026)

Cleveland-Cliffs (CLF) has 18 years of Operating Margin data on file, last reported at 4.33% in Q1 2026.

• Operating Margin for Q1 2026 came in at 4.33%, up 740.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.59% (up 19.0% YoY), and the FY2025 annual result was 8.48%, down 451.0% from the prior year.
• Operating Margin rose to 4.33% in Q1 2026 per CLF's latest filing, from 7.67% in the prior quarter.
• Over five years, Operating Margin peaked at 18.37% in Q1 2022 and troughed at 11.73% in Q1 2025.
• A 5-year average of 0.76% and a median of 2.31% in 2023 frame the typical range for Operating Margin.
• On a YoY basis, Operating Margin climbed as much as 1400 bps in 2022 and fell as far as 73498 bps in 2022.
• A 5-year view of Operating Margin shows it stood at 3.61% in 2022, then soared by 36 bps to 2.31% in 2023, then tumbled by 366 bps to 10.75% in 2024, then rose by 29 bps to 7.67% in 2025, then soared by 44 bps to 4.33% in 2026.
• Business Quant data shows CLF's Operating Margin at 4.33% in Q1 2026, 7.67% in Q4 2025, and 4.31% in Q3 2025.