CLEVELAND-CLIFFS INC.
Profit Margins
| Period | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| Jun 2008 | 42.3% | 40.6% | 26.8% |
| Sep 2008 | 30.7% | 28.5% | 14.7% |
| Mar 2009 | 9.1% | — | -1.6% |
| Jun 2009 | -3.0% | -4.4% | 11.7% |
| Sep 2009 | 15.5% | 12.1% | 8.8% |
| Dec 2009 | 21.3% | — | 13.2% |
| Mar 2010 | 20.7% | 15.6% | 10.6% |
| Jun 2010 | 35.1% | 30.9% | 22.0% |
| Sep 2010 | 35.5% | 29.0% | 22.1% |
| Dec 2010 | 34.0% | 25.5% | 27.0% |
| Mar 2011 | 51.3% | 47.2% | 36.9% |
| Jun 2011 | 40.6% | 35.9% | 23.7% |
| Sep 2011 | 40.4% | 39.1% | 28.8% |
| Dec 2011 | 29.9% | 19.9% | 11.6% |
| Mar 2012 | 24.1% | 18.4% | 31.0% |
| Jun 2012 | 28.1% | 22.9% | 16.3% |
| Sep 2012 | 12.8% | 4.9% | 5.5% |
| Dec 2012 | 15.5% | -63.1% | -105.4% |
| Mar 2013 | 20.9% | 14.8% | 9.4% |
| Jun 2013 | 18.0% | 17.6% | 9.8% |
| Sep 2013 | 22.5% | 14.5% | 7.6% |
| Dec 2013 | 19.4% | 47.9% | 2.9% |
| Mar 2014 | 30.9% | 22.6% | -11.4% |
| Jun 2014 | 24.5% | 18.6% | 1.5% |
| Sep 2014 | 26.2% | -14.6% | -6.2% |
| Dec 2014 | 24.8% | -0.5% | -124.7% |
| Mar 2015 | 18.1% | 16.1% | -170.4% |
| Jun 2015 | 11.5% | 5.2% | 12.1% |
| Sep 2015 | 9.3% | 4.9% | 13.3% |
| Dec 2015 | 9.1% | 5.1% | -12.7% |
| Mar 2016 | 10.1% | -0.1% | 35.4% |
| Jun 2016 | 18.4% | 15.1% | 2.6% |
| Sep 2016 | 15.4% | 6.3% | -4.7% |
| Dec 2016 | 24.1% | 2.9% | 10.5% |
| Mar 2017 | 17.1% | 28.0% | -9.8% |
| Jun 2017 | 30.7% | 24.4% | 6.7% |
| Sep 2017 | 26.4% | 21.6% | 8.9% |
| Dec 2017 | 22.7% | 12.9% | 60.6% |
| Mar 2018 | 34.2% | 16.8% | -46.8% |
| Jun 2018 | 39.8% | 35.6% | 23.1% |
| Sep 2018 | 35.3% | 30.4% | 59.0% |
| Dec 2018 | 29.0% | 23.4% | 87.5% |
| Mar 2019 | 19.7% | -0.5% | -14.1% |
| Jun 2019 | 35.4% | 30.5% | 21.6% |
| Sep 2019 | 27.9% | 21.9% | 16.4% |
| Dec 2019 | 23.8% | 15.2% | 11.8% |
| Mar 2020 | 0.8% | -22.0% | -14.5% |
| Jun 2020 | -10.5% | -19.0% | -11.3% |
| Sep 2020 | 7.4% | 2.3% | -0.6% |
| Dec 2020 | 10.8% | 4.7% | 2.8% |
| Mar 2021 | 7.1% | 4.4% | 1.0% |
| Jun 2021 | 23.7% | 21.1% | 15.5% |
| Sep 2021 | 29.6% | 27.5% | 21.2% |
| Dec 2021 | 23.8% | 20.9% | 16.7% |
| Mar 2022 | 21.0% | 18.4% | 13.5% |
| Jun 2022 | 15.5% | 13.3% | 9.4% |
| Sep 2022 | 6.2% | 3.3% | 2.7% |
| Dec 2022 | -1.2% | -3.6% | -4.2% |
| Mar 2023 | 1.9% | -0.6% | -1.1% |
| Jun 2023 | 10.8% | 8.1% | 5.8% |
| Sep 2023 | 8.6% | 5.8% | 4.7% |
| Dec 2023 | 2.9% | -2.3% | -3.3% |
| Mar 2024 | 5.5% | -0.7% | -1.3% |
| Jun 2024 | 3.2% | 0.1% | 0.0% |
| Sep 2024 | -2.3% | -5.7% | -5.3% |
| Dec 2024 | -6.4% | -10.9% | -10.4% |
| Mar 2025 | -8.6% | -11.7% | -10.8% |
| Jun 2025 | -4.3% | -10.2% | -9.9% |
| Sep 2025 | -1.0% | -4.3% | -5.3% |
| Dec 2025 | -4.8% | -7.7% | -5.6% |
| Mar 2026 | -1.7% | -4.3% | -4.8% |
| Jun 2026 | 2.5% | -0.9% | -2.8% |