Cleveland-Cliffs Inc (CLF)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -754,000 | 399,000 | 1,335,000 | 2,988,000 | -122,000 |
| Revenue | US$ in thousands | 19,185,000 | 21,996,000 | 22,989,000 | 20,444,000 | 5,354,000 |
| Net profit margin | -3.93% | 1.81% | 5.81% | 14.62% | -2.28% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-754,000K ÷ $19,185,000K
= -3.93%
Cleveland-Cliffs Inc's net profit margin has demonstrated volatility over the past five years. In December 2020, the company reported a negative net profit margin of -2.28%, indicating that its expenses exceeded its revenues during that period. However, the company significantly improved its performance in December 2021, achieving a strong net profit margin of 14.62%, suggesting that Cleveland-Cliffs effectively managed its costs and increased its profitability.
Subsequently, the net profit margin declined to 5.81% in December 2022, indicating a moderate decrease in profitability compared to the previous year. In December 2023, the net profit margin further decreased to 1.81%, signaling a continued but more significant reduction in profitability. The trend reversed negatively in December 2024 when Cleveland-Cliffs reported a net profit margin of -3.93%, indicating a loss-making period for the company.
Overall, Cleveland-Cliffs Inc's net profit margin fluctuated notably over the five-year period, highlighting the company's varying ability to generate profit relative to its revenue. The company experienced both periods of strong profitability and losses, indicating potential challenges in maintaining consistent financial performance.
Peer comparison
Dec 31, 2024