Cleveland-Cliffs Inc. (CLF) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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CLF EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CLF Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | -4.6% | -7.5% | -7.9% |
| 2024 | 0.4% | -3.9% | -3.9% |
| 2023 | 6.3% | 3.1% | 1.8% |
| 2022 | 11.0% | 8.4% | 5.8% |
| 2021 | 22.2% | 19.6% | 14.6% |
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Cleveland-Cliffs Inc. (CLF) Earnings Overview
As of May 7, 2026, Cleveland-Cliffs Inc. (CLF) reported trailing twelve-month net income of -$1.48B, reflecting -91.1% year-over-year growth. The company earned $-3.00 per diluted share over the past four quarters, with a net profit margin of -7.9%.
Looking at the long-term picture, CLF's historical earnings data spans multiple years. The company achieved its highest annual net income of $2.99B in fiscal 2021.
Cleveland-Cliffs Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including NUE ($2.33B net income, 5.4% margin), STLD ($1.37B net income, 6.5% margin), CMC ($438M net income, 1.1% margin), CLF has room to improve margins relative to the peer group. Compare CLF vs NUE →
CLF Earnings vs Peers
Earnings metrics vs comparable public companies
CLF Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$1.48B | -96.0% | -$1.40B | $-3.00 | -7.9% | -7.5% |
| 2024 | -$754M | -289.0% | -$756M | $-1.57 | -3.9% | -3.9% |
| 2023 | $399M | -70.1% | $677M | $0.78 | 1.8% | 3.1% |
| 2022 | $1.33B | -55.3% | $1.94B | $2.55 | 5.8% | 8.4% |
| 2021 | $2.99B | +2549.2% | $4.01B | $5.35 | 14.6% | 19.6% |
| 2020 | -$122M | -141.7% | -$142M | $-0.32 | -2.3% | -2.7% |
| 2019 | $293M | -74.0% | $429M | $1.03 | 14.7% | 21.6% |
| 2018 | $1.13B | +200.9% | $673M | $3.71 | 48.4% | 28.9% |
| 2017 | $375M | +115.3% | $432M | $1.28 | 16.1% | 18.5% |
| 2016 | $174M | +123.2% | $241M | $0.87 | 8.3% | 11.4% |
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Start ComparisonCLF — Frequently Asked Questions
Quick answers to the most common questions about buying CLF stock.
Is CLF growing earnings?
CLF EPS fell to $-3.00, with earnings declining -91.1%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-1.5B.
What are CLF's profit margins?
Cleveland-Cliffs Inc. net margin is -7.9%, with operating margin at -7.5%. Below-average margins reflect competitive or cost pressures.
How consistent are CLF's earnings?
CLF earnings data spans 1989-2025. The declining earnings trend is -91.1% YoY. Historical data enables comparison across business cycles.