Cleveland-Cliffs annual gross margin
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Cleveland-Cliffs Gross Margin Growth & History (CLF)
Cleveland-Cliffs's gross margin was −4.62% for fiscal 2025.
View full Cleveland-Cliffs company overviewCleveland-Cliffs annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −4.62% | −4.95 pp |
| 2024 | 2024-12-31 | 0.33% | −5.91 pp |
| 2023 | 2023-12-31 | 6.24% | −4.71 pp |
| 2022 | 2022-12-31 | 10.95% | −11.22 pp |
| 2021 | 2021-12-31 | 22.18% | +17.47 pp |
| 2020 | 2020-12-31 | 4.71% | −24.22 pp |
| 2019 | 2019-12-31 | 28.93% | −8.34 pp |
| 2018 | 2018-12-31 | 37.27% | +8.84 pp |
| 2017 | 2017-12-31 | 28.43% | +8.13 pp |
| 2016 | 2016-12-31 | 20.30% | +8.55 pp |
| 2015 | 2015-12-31 | 11.75% | −14.51 pp |
| 2014 | 2014-12-31 | 26.26% | −11.89 pp |
| 2013 | 2013-12-31 | 38.15% | +18.19 pp |
| 2012 | 2012-12-31 | 19.96% | −19.82 pp |
| 2011 | 2011-12-31 | 39.78% | +7.24 pp |
| 2010 | 2010-12-31 | 32.53% | +19.22 pp |
| 2009 | 2009-12-31 | 13.31% | −18.82 pp |
| 2008 | 2008-12-31 | 32.13% | +11.83 pp |
| 2007 | 2007-12-31 | 20.31% | — |
Cleveland-Cliffs quarterly gross margin
Q2.08
Q3.08
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
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Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
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Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.53% | +6.82 pp |
| Q1 2026 | 2026-03-31 | −1.67% | +6.89 pp |
| Q4 2025 | 2025-12-31 | −4.78% | +1.65 pp |
| Q3 2025 | 2025-09-30 | −0.97% | +1.35 pp |
| Q2 2025 | 2025-06-30 | −4.30% | −7.48 pp |
| Q1 2025 | 2025-03-31 | −8.55% | −14.04 pp |
| Q4 2024 | 2024-12-31 | −6.43% | −9.36 pp |
| Q3 2024 | 2024-09-30 | −2.32% | −10.88 pp |
| Q2 2024 | 2024-06-30 | 3.18% | −7.58 pp |
| Q1 2024 | 2024-03-31 | 5.48% | +3.61 pp |
| Q4 2023 | 2023-12-31 | 2.93% | +4.12 pp |
| Q3 2023 | 2023-09-30 | 8.56% | +2.41 pp |
| Q2 2023 | 2023-06-30 | 10.76% | −4.72 pp |
| Q1 2023 | 2023-03-31 | 1.87% | −19.10 pp |
| Q4 2022 | 2022-12-31 | −1.19% | −25.02 pp |
| Q3 2022 | 2022-09-30 | 6.16% | −23.41 pp |
| Q2 2022 | 2022-06-30 | 15.48% | −8.25 pp |
| Q1 2022 | 2022-03-31 | 20.97% | +13.86 pp |
| Q4 2021 | 2021-12-31 | 23.83% | +13.06 pp |
| Q3 2021 | 2021-09-30 | 29.56% | +22.21 pp |
| Q2 2021 | 2021-06-30 | 23.73% | +34.25 pp |
| Q1 2021 | 2021-03-31 | 7.11% | +6.28 pp |
| Q4 2020 | 2020-12-31 | 10.77% | −12.99 pp |
| Q3 2020 | 2020-09-30 | 7.35% | −20.53 pp |
| Q2 2020 | 2020-06-30 | −10.52% | −48.23 pp |
| Q1 2020 | 2020-03-31 | 0.84% | −20.42 pp |
| Q4 2019 | 2019-12-31 | 23.76% | −5.25 pp |
| Q3 2019 | 2019-09-30 | 27.88% | −10.33 pp |
| Q2 2019 | 2019-06-30 | 37.71% | −4.62 pp |
| Q1 2019 | 2019-03-31 | 21.25% | −15.10 pp |
| Q4 2018 | 2018-12-31 | 29.01% | +6.33 pp |
| Q3 2018 | 2018-09-30 | 38.21% | +8.47 pp |
| Q2 2018 | 2018-06-30 | 42.34% | +11.63 pp |
| Q1 2018 | 2018-03-31 | 36.35% | +19.23 pp |
| Q4 2017 | 2017-12-31 | 22.68% | −1.39 pp |
| Q3 2017 | 2017-09-30 | 29.73% | +14.30 pp |
| Q2 2017 | 2017-06-30 | 30.70% | +12.26 pp |
| Q1 2017 | 2017-03-31 | 17.12% | +7.01 pp |
| Q4 2016 | 2016-12-31 | 24.07% | +14.97 pp |
| Q3 2016 | 2016-09-30 | 15.43% | +6.15 pp |
| Q2 2016 | 2016-06-30 | 18.44% | +6.94 pp |
| Q1 2016 | 2016-03-31 | 10.11% | −8.00 pp |
| Q4 2015 | 2015-12-31 | 9.10% | −15.75 pp |
| Q3 2015 | 2015-09-30 | 9.29% | −16.86 pp |
| Q2 2015 | 2015-06-30 | 11.50% | −13.04 pp |
| Q1 2015 | 2015-03-31 | 18.12% | −12.75 pp |
| Q4 2014 | 2014-12-31 | 24.85% | +5.42 pp |
| Q3 2014 | 2014-09-30 | 26.15% | +3.60 pp |
| Q2 2014 | 2014-06-30 | 24.54% | +6.52 pp |
| Q1 2014 | 2014-03-31 | 30.87% | +10.01 pp |
| Q4 2013 | 2013-12-31 | 19.43% | +3.90 pp |
| Q3 2013 | 2013-09-30 | 22.55% | +9.71 pp |
| Q2 2013 | 2013-06-30 | 18.02% | −10.06 pp |
| Q1 2013 | 2013-03-31 | 20.86% | −3.21 pp |
| Q4 2012 | 2012-12-31 | 15.53% | −14.41 pp |
| Q3 2012 | 2012-09-30 | 12.84% | −27.52 pp |
| Q2 2012 | 2012-06-30 | 28.07% | −12.44 pp |
| Q1 2012 | 2012-03-31 | 24.07% | −26.60 pp |
| Q4 2011 | 2011-12-31 | 29.94% | −4.01 pp |
| Q3 2011 | 2011-09-30 | 40.36% | +4.90 pp |
| Q2 2011 | 2011-06-30 | 40.51% | +5.46 pp |
| Q1 2011 | 2011-03-31 | 50.67% | +29.99 pp |
| Q4 2010 | 2010-12-31 | 33.95% | +12.62 pp |
| Q3 2010 | 2010-09-30 | 35.46% | +19.97 pp |
| Q2 2010 | 2010-06-30 | 35.06% | +38.06 pp |
| Q1 2010 | 2010-03-31 | 20.68% | +11.56 pp |
| Q4 2009 | 2009-12-31 | 21.33% | — |
| Q3 2009 | 2009-09-30 | 15.49% | −15.19 pp |
| Q2 2009 | 2009-06-30 | −3.00% | −45.26 pp |
| Q1 2009 | 2009-03-31 | 9.12% | — |
| Q3 2008 | 2008-09-30 | 30.68% | — |
| Q2 2008 | 2008-06-30 | 42.27% | — |
Cleveland-Cliffs gross margin trends
Over the last five fiscal years, Cleveland-Cliffs's gross margin decreased from 4.71% to −4.62%, a change of −9.33 percentage points. The latest reported quarter, Q2 2026, shows 2.53%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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