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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	-4.6%—	——	6.2%-5.0pp	11.2%-11.0pp
Operating margin	-8.5%-4.5pp	-4%—	——	9.2%-10.4pp
Net margin	-7.7%-4.0pp	-3.7%—	——	——
EBITDA margin	-1.8%-2.8pp	1%—	——	13.7%-10.3pp
Free cash flow margin	-5.5%-2.4pp	-3.1%-10.4pp	7.4%+0.9pp	6.4%-3.7pp
Returns
Return on equity	-22.4%-12.6pp	-9.8%—	——	——
Return on assets	-7%-3.3pp	-3.7%—	——	——
Return on invested capital	-11.1%-5.2pp	-5.9%—	——	17.9%-15.5pp
Efficiency
Asset turnover	0.9×-0.1×	1×-0.2×	1.2×0.0×	1.2×+0.1×
Inventory turnover	3.9×-0.1×	4×-0.3×	4.3×+0.3×	4×+0.4×
Liquidity
Current ratio	1.9×-0.1×	2.1×+0.2×	1.9×-0.2×	2.1×-0.1×
Quick ratio	0.5×0.0×	0.5×-0.1×	0.6×0.0×	0.6×0.0×
Cash ratio	0×0.0×	0×0.0×	0.1×0.0×	0×0.0×
Leverage
Debt-to-equity	1.3×+0.1×	1.2×+0.7×	0.5×-0.1×	0.6×-0.5×
Debt-to-assets	0.4×0.0×	0.4×+0.2×	0.2×0.0×	0.3×-0.1×
Valuation
Market capitalization	$7.57B+62.9%	$4.64B-55.0%	$10.31B+24.2%	$8.3B-23.7%
Enterprise value	$15.45B+25.0%	$12.36B-9.8%	$13.7B+5.6%	$12.98B-22.0%
Price / sales	0.4×+0.2×	0.2×-0.2×	0.5×+0.1×	0.4×-0.2×
Price / book	1.2×+0.5×	0.7×-0.6×	1.3×+0.2×	1.1×-0.9×
EV / sales	0.8×+0.2×	0.6×0.0×	0.6×+0.1×	0.6×-0.2×
Free cash flow yield	-13.5%-0.8pp	-12.7%-28.4pp	15.7%-2.1pp	17.8%-1.3pp
Earnings yield	-18.8%-3.5pp	-15.3%—	——	——

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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.