Cleveland-Cliffs Inc (CLF)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -3.57% | -2.12% | 0.57% | 2.66% | 2.53% | 2.28% | 1.76% | 3.43% | 8.23% | 13.95% | 19.80% | 21.90% | 19.47% | 18.00% | 11.34% | 1.55% | -2.85% | -2.51% | 0.50% | 21.60% |
| 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% |
| Pretax margin | -5.16% | -2.66% | 0.38% | 2.47% | 2.49% | 2.18% | 1.57% | 2.91% | 7.65% | 13.14% | 19.06% | 21.25% | 18.40% | 15.59% | 8.19% | -0.88% | -4.35% | -6.21% | -3.86% | 10.67% |
| 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% |
Cleveland-Cliffs Inc's profitability ratios have shown fluctuations over the period analyzed. The gross profit margin started at a low of 0.50% in June 2020, gradually improved to 21.90% by March 2022, decreased afterward, and ended at 2.53% by December 2023.
The operating profit margin followed a similar trend, starting in negative territory but significantly improving to 22.05% by March 2022 before declining to -3.94% by December 2024.
The pretax margin also exhibited variability, with a low of -6.21% in September 2020, reaching a peak of 21.25% by March 2022, and then dropping to -5.16% by December 2024.
Similarly, the net profit margin started in negative figures in June 2020, showing improvement to 16.77% by March 2022 before declining to -3.93% by December 2024.
Overall, the profitability ratios of Cleveland-Cliffs Inc have experienced fluctuations, indicating the company's changing financial performance and efficiency in generating profits over the period under review.
Return on investment
| 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 return on assets (Operating ROA) | -3.61% | -2.33% | 1.14% | 3.89% | 3.86% | 3.29% | 2.50% | 4.36% | 10.34% | 16.46% | 23.46% | 24.93% | 21.14% | 16.61% | 7.83% | 0.66% | -0.85% | -1.98% | -0.99% | 3.94% |
| Return on assets (ROA) | -3.60% | -2.75% | 0.26% | 2.26% | 2.28% | 1.88% | 1.25% | 2.56% | 7.12% | 12.40% | 17.79% | 18.96% | 15.75% | 11.95% | 4.93% | -0.17% | -0.73% | -1.45% | -0.26% | 2.95% |
| Return on total capital | -5.51% | -3.68% | 1.82% | 6.17% | 6.14% | 5.18% | 3.88% | 6.72% | 16.10% | 28.22% | 41.26% | 43.36% | 37.40% | 32.10% | 16.15% | 1.40% | -1.92% | -3.27% | -1.60% | 6.67% |
| Return on equity (ROE) | -11.31% | -6.74% | 0.62% | 5.40% | 5.06% | 4.24% | 2.92% | 6.32% | 17.14% | 34.85% | 52.96% | 59.13% | 54.43% | 54.03% | 27.06% | -1.21% | -6.05% | -15.12% | -2.74% | 29.13% |
Cleveland-Cliffs Inc's profitability ratios exhibit fluctuating performance over the quarters.
- Operating return on assets (Operating ROA) saw a gradual increase from 3.94% as of March 31, 2020, peaking at 24.93% by March 31, 2022, but then declining to 3.86% by December 31, 2023.
- Return on assets (ROA) showed a similar pattern, starting at 2.95% on March 31, 2020, reaching a peak of 18.96% on March 31, 2022, and dropping to -3.60% by December 31, 2024.
- Return on total capital also followed a fluctuating trend, with a peak of 43.36% on March 31, 2022, before decreasing to -5.51% by December 31, 2024.
- Return on equity (ROE) displayed a similar fluctuating pattern, starting at 29.13% on March 31, 2020, peaking at 59.13% on March 31, 2022, and then declining to -11.31% by December 31, 2024.
Overall, Cleveland-Cliffs Inc experienced varying levels of profitability over the quarters, with some periods of strong performance followed by declines. Investors and stakeholders should closely monitor these ratios to assess the company's financial health and sustainability.