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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	-6.6%+1.9pp	-8.5%+0.7pp	-9.2%—	——	——
Net margin	-6.2%+1.5pp	-7.7%+1.1pp	-8.7%—	——	——
EBITDA margin	-0.2%+1.7pp	-1.8%+0.8pp	-2.6%—	——	——
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%—	——	——
Return on assets	-5.7%+1.3pp	-7%+1.8pp	-8.8%—	——	——
Return on invested capital	-9.1%+2.0pp	-11.1%+3.1pp	-14.2%—	——	——
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%—	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Cleveland-Cliffs.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.