What are Cleveland-Cliffs's profit margins?

Cleveland-Cliffs (CLF) runs a -2.9% gross margin and a -6.6% operating margin, with a -6.2% net margin.

Where do Cleveland-Cliffs's ratios come from?

Every ratio is computed from Cleveland-Cliffs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Cleveland-Cliffs CLF Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	-2.9%+1.7pp	-4.6%—	——	——	——
Operating margin	-6.6%+1.9pp	-8.5%+0.7pp	-9.2%+0.4pp	-9.6%-2.8pp	-6.8%-2.8pp
Net margin	-6.2%+1.5pp	-7.7%+1.1pp	-8.7%+0.1pp	-8.8%-2.6pp	-6.1%-2.4pp
EBITDA margin	-0.2%+1.7pp	-1.8%+0.8pp	-2.6%+0.6pp	-3.2%-1.8pp	-1.4%-2.4pp
Free cash flow margin	-5.3%+0.2pp	-5.5%+2.8pp	-8.3%-0.3pp	-8%-2.4pp	-5.7%-2.6pp
Returns
Return on equity	-19.3%+3.0pp	-22.4%+4.0pp	-26.4%-1.3pp	-25.1%-8.1pp	-17%-7.2pp
Return on assets	-5.7%+1.3pp	-7%+1.8pp	-8.8%-0.1pp	-8.7%-2.7pp	-6%-2.3pp
Return on invested capital	-9.1%+2.0pp	-11.1%+3.1pp	-14.2%+0.5pp	-14.7%-4.5pp	-10.3%-4.3pp
Efficiency
Asset turnover	0.9×0.0×	0.9×-0.1×	1×0.0×	1×0.0×	1×0.0×
Inventory turnover	4.1×+0.2×	3.9×-0.4×	4.4×0.0×	4.4×+0.3×	4.1×+0.1×
Liquidity
Current ratio	2×+0.1×	1.9×-0.1×	2×0.0×	2×-0.1×	2.1×+0.1×
Quick ratio	0.6×+0.1×	0.5×-0.1×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Cash ratio	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	1.3×0.0×	1.3×-0.2×	1.5×+0.1×	1.3×+0.1×	1.2×0.0×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Valuation
Market capitalization	$4.82B-36.3%	$7.57B+25.4%	$6.04B+70.2%	$3.55B-12.7%	$4.06B-12.5%
Enterprise value	$12.54B-18.8%	$15.45B+10.3%	$14.01B+24.9%	$11.21B-3.4%	$11.61B-6.1%
Price / sales	0.3×-0.2×	0.4×+0.1×	0.3×+0.1×	0.2×0.0×	0.2×0.0×
Price / book	0.8×-0.4×	1.2×+0.1×	1.1×+0.5×	0.6×0.0×	0.6×0.0×
EV / sales	0.7×-0.2×	0.8×+0.1×	0.8×+0.1×	0.6×0.0×	0.6×0.0×
Free cash flow yield	-20.7%-7.2pp	-13.5%+12.1pp	-25.6%+16.2pp	-41.8%-15.9pp	-25.9%-13.2pp
Earnings yield	-24.2%-5.4pp	-18.8%+8.1pp	-26.9%+18.8pp	-45.7%-17.6pp	-28.1%-12.8pp

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Questions, answered.

What are Cleveland-Cliffs's profit margins?: Cleveland-Cliffs (CLF) runs a -2.9% gross margin and a -6.6% operating margin, with a -6.2% net margin.
Where do Cleveland-Cliffs's ratios come from?: Every ratio is computed from Cleveland-Cliffs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.