Cleveland-Cliffs Inc (CLF)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -754,000 | -462,000 | 44,000 | 389,000 | 399,000 | 340,000 | 228,000 | 477,000 | 1,335,000 | 2,442,000 | 3,564,000 | 3,748,000 | 2,988,000 | 2,159,000 | 875,000 | -29,000 | -122,000 | -122,600 | -21,700 | 263,100 |
| Revenue (ttm) | US$ in thousands | 19,185,000 | 19,972,000 | 21,008,000 | 21,900,000 | 21,996,000 | 21,928,000 | 21,976,000 | 22,329,000 | 22,989,000 | 23,291,000 | 23,642,000 | 22,350,000 | 20,444,000 | 17,354,000 | 12,996,000 | 9,044,000 | 5,354,000 | 3,632,100 | 2,541,700 | 2,191,900 |
| Net profit margin | -3.93% | -2.31% | 0.21% | 1.78% | 1.81% | 1.55% | 1.04% | 2.14% | 5.81% | 10.48% | 15.07% | 16.77% | 14.62% | 12.44% | 6.73% | -0.32% | -2.28% | -3.38% | -0.85% | 12.00% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-754,000K ÷ $19,185,000K
= -3.93%
The net profit margin of Cleveland-Cliffs Inc has fluctuated over the years as indicated by the provided data. From March 31, 2020, to June 30, 2022, the company experienced negative net profit margins, indicating that its expenses exceeded its revenues during those periods. However, the trend started to improve in the following quarters, with the net profit margin turning positive and reaching its highest point at 16.77% on March 31, 2022.
Subsequently, the net profit margin experienced some fluctuations but remained positive until June 30, 2024. From September 30, 2024, to December 31, 2024, the net profit margin turned negative again, indicating a decrease in profitability or even potential losses during that period.
Overall, the net profit margin of Cleveland-Cliffs Inc has shown variability, with periods of profitability and some quarters with negative margins. This highlights the importance of closely monitoring the company's financial performance and identifying factors that may impact its profitability moving forward.
Peer comparison
Dec 31, 2024