Cleveland-Cliffs Inc (CLF)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -756,000 | -391,000 | 193,000 | 670,000 | 677,000 | 595,000 | 457,000 | 814,000 | 1,939,000 | 3,240,000 | 4,702,000 | 4,929,000 | 4,012,000 | 3,000,000 | 1,389,000 | 114,000 | -142,000 | -167,600 | -84,000 | 350,800 |
| 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 |
| Operating profit margin | -3.94% | -1.96% | 0.92% | 3.06% | 3.08% | 2.71% | 2.08% | 3.65% | 8.43% | 13.91% | 19.89% | 22.05% | 19.62% | 17.29% | 10.69% | 1.26% | -2.65% | -4.61% | -3.30% | 16.00% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-756,000K ÷ $19,185,000K
= -3.94%
Cleveland-Cliffs Inc's operating profit margin has displayed fluctuations over the observed period from March 31, 2020, to December 31, 2024. The company experienced a decline in operating profit margin from June 2020 to December 2020, indicating challenges in generating profits from its core operations during that period.
However, starting from March 31, 2021, the operating profit margin began to improve steadily, reaching its peak at 22.05% on March 31, 2022. This significant increase suggests that the company successfully enhanced its operational efficiency and profitability.
After reaching the peak in March 2022, the operating profit margin showed a declining trend but remained positive until June 30, 2024. From September 30, 2024, to December 31, 2024, there was a notable decrease where the operating profit margin turned negative. This reversal implies that Cleveland-Cliffs Inc faced challenges in maintaining profitability from its operations in the last quarter of 2024.
Overall, the historical analysis of Cleveland-Cliffs Inc's operating profit margin signifies a mix of performance fluctuations, improvements, and challenges in the company's operational profitability over the observed period.
Peer comparison
Dec 31, 2024