Cleveland-Cliffs Inc (CLF)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 293,000 | 839,100 | 1,186,000 | 1,190,300 |
| Revenue (ttm) | US$ in thousands | 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 | 1,989,900 | 2,152,100 | 2,338,300 | 2,309,400 |
| Net profit margin | 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% | 14.72% | 38.99% | 50.72% | 51.54% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $399,000K ÷ $21,996,000K
= 1.81%
The net profit margin of Cleveland-Cliffs Inc has shown a declining trend over the past eight quarters. In Q4 2022, the company reported a net profit margin of 16.77%, which was the highest during this period. However, since then, the net profit margin has steadily decreased to 1.81% in Q4 2023.
This decline in the net profit margin indicates that the company's profitability has been weakening over time. Factors such as increasing expenses relative to revenue, pricing pressures, or operational inefficiencies could be contributing to this trend.
It is imperative for Cleveland-Cliffs Inc to closely monitor and address the factors impacting its net profit margin to ensure sustained profitability and financial health in the future.
Peer comparison
Dec 31, 2023