CLEVELAND-CLIFFS INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2011 | 39.8% | 35.0% | 24.7% |
| FY2012 | 20.0% | -5.3% | -15.3% |
| FY2013 | 38.2% | 35.5% | 10.6% |
| FY2014 | 26.3% | 3.9% | -214.2% |
| FY2015 | 11.7% | 7.5% | -37.2% |
| FY2016 | 18.0% | 8.4% | 11.2% |
| FY2017 | 25.1% | 20.9% | 19.7% |
| FY2018 | 34.7% | 28.9% | 48.4% |
| FY2019 | 28.9% | 21.6% | 14.7% |
| FY2020 | 4.7% | -2.7% | -2.3% |
| FY2021 | 22.2% | 19.6% | 14.6% |
| FY2022 | 11.0% | 8.4% | 5.8% |
| FY2023 | 6.2% | 3.0% | 1.8% |
| FY2024 | 0.3% | -4.0% | -4.0% |
| FY2025 | -4.6% | -8.5% | -7.9% |