What is the current annual gross margin of CLF?

As of today, CLF annual gross margin is 1.38%

What is 1-year change in CLF annual gross margin?

CLF annual gross margin is down -80.23% year-over-year

What is 3-year change in CLF annual gross margin?

CLF annual gross margin is down -93.69% over the past 3 years

How far is CLF annual gross margin from its all-time high?

CLF annual gross margin is currently -95.63% below its historical high of 31.55% set on December 31, 1989

How does CLF annual gross margin rank versus sector peers?

CLF annual gross margin is higher than 12.55% of companies in Basic Materials sector

When is CLF next annual earnings release?

The next annual earnings release for CLF is on January 28, 2026

What is the current quarterly gross margin of CLF?

As of today, CLF quarterly gross margin is -0.63%

What is CLF quarterly gross margin most recent change?

CLF quarterly gross margin was up +82.25% on September 30, 2025

What is 1-year change in CLF quarterly gross margin?

CLF quarterly gross margin is up +56.25% year-over-year

How far is CLF quarterly gross margin from its all-time high?

CLF quarterly gross margin is currently -101.25% below its historical high of 50.54% set on June 30, 2018

How does CLF quarterly gross margin rank versus sector peers?

CLF quarterly gross margin is higher than 11.06% of companies in Basic Materials sector

When is CLF next earnings release?

The next earnings release for CLF is on January 28, 2026

CLF Gross Margin History & Chart Since 1980

Annual Gross Margin

1.38%5.60%-80.23%

December 31, 2024

Summary

Current Value: As of today, CLF annual gross margin is 1.38%, down -80.23% on December 31, 2024
Historical Performance: CLF annual gross margin is down -93.69% over the past 3 years, and down -95.21% over the past 5 years
All-Time High Comparison: CLF annual gross margin is currently -95.63% below its historical high of 31.55% set on December 31, 1989
3-Year Low Comparison: CLF annual gross margin is at its 3-year low
Sector Comparison: CLF annual gross margin is higher than 12.55% of companies in Basic Materials sector

Gross Margin Chart

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Performance

CLF Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	1.38%	-80.2%	-93.7%	-95.2%	-83.7%
Quarterly Gross Margin	Sep 30, 25	-0.63%	+56.3%	-113.0%	-111.2%	-103.1%
Price	Jan 12, 26	$12.91	+30.4%	-38.2%	-30.4%	-85.4%
PE Ratio	Jan 12, 26	-	–	–	–	–
Annual Revenue	Dec 31, 24	$19.19B	-12.8%	-6.2%	+867.8%	+763.8%
Annual Gross Profit	Dec 31, 24	$265.00M	-82.7%	-94.1%	-53.6%	+41.0%
Annual Operating Margin	Dec 31, 24	-100.23%	-12.7%	-73.5%	-101.2%	-13.2%
Annual Net Margin	Dec 31, 24	-3.69%	-280.9%	-124.9%	-124.8%	-140.1%

Gross Margin Highs

CLF Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	9.84%	N/A	-86.0%
5Y	21.88%	Dec 31, 21	-93.7%
All	31.55%	Dec 31, 89	-95.6%

Gross Margin Lows

CLF Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	1.38%	Dec 31, 24	at low
5Y	1.38%	Dec 31, 24	at low
All	-12.78%	Dec 31, 86	+110.8%

Gross Margin History

Year	Value	Change
2024	1.38%	-80.2%
2023	6.98%	-29.1%
2022	9.84%	-55.0%
2021	21.88%	+213.5%
2020	6.98%	-75.8%
2019	28.79%	+41.5%
2018	20.35%	+2.0%
2017	19.96%	+35.8%
2016	14.70%	+17.1%
2015	12.55%	+70.3%
2014	7.37%	-57.8%
2013	17.46%	+17.3%
2012	14.89%	-46.6%
2011	27.86%	+133.3%
2010	11.94%	+41.1%
2009	8.46%	-65.6%
2008	24.60%	+21.0%
2007	20.33%	-5.6%
2006	21.54%	-3.7%
2005	22.36%	+79.9%
2004	12.43%	+8,186.7%
2003	0.15%	-96.9%
2002	4.83%	+227.1%

Year	Value	Change
2001	-3.80%	-153.4%
2000	7.11%	-28.5%
1999	9.94%	-48.8%
1998	19.40%	+0.9%
1997	19.23%	-12.3%
1996	21.92%	-3.2%
1995	22.64%	+7.9%
1994	20.98%	+17.4%
1993	17.87%	-20.2%
1992	22.40%	+14.5%
1991	19.57%	+33.6%
1990	14.65%	-53.6%
1989	31.55%	+32.0%
1988	23.90%	+177.3%
1987	8.62%	+167.4%
1986	-12.78%	-218.1%
1985	10.82%	-22.2%
1984	13.91%	+5,051.9%
1983	0.27%	+115.0%
1982	-1.80%	-107.7%
1981	23.47%	+18.1%
1980	19.88%	-

FAQ

What is the current annual gross margin of CLF?
As of today, CLF annual gross margin is 1.38%
What is 1-year change in CLF annual gross margin?
CLF annual gross margin is down -80.23% year-over-year
What is 3-year change in CLF annual gross margin?
CLF annual gross margin is down -93.69% over the past 3 years
How far is CLF annual gross margin from its all-time high?
CLF annual gross margin is currently -95.63% below its historical high of 31.55% set on December 31, 1989
How does CLF annual gross margin rank versus sector peers?
CLF annual gross margin is higher than 12.55% of companies in Basic Materials sector
When is CLF next annual earnings release?
The next annual earnings release for CLF is on January 28, 2026

Quarterly Gross Margin

-0.63%2.92%+82.25%

September 30, 2025

Summary

Current Value: As of today, CLF quarterly gross margin is -0.63%, up +82.25% on September 30, 2025
Historical Performance: CLF quarterly gross margin is up +56.25% year-over-year, and down -112.99% over the past 3 years
All-Time High Comparison: CLF quarterly gross margin is currently -101.25% below its historical high of 50.54% set on June 30, 2018
3-Year Low Comparison: CLF quarterly gross margin is +91.88% above its 3-year low of -7.76% reached on March 31, 2025
Sector Comparison: CLF quarterly gross margin is higher than 11.06% of companies in Basic Materials sector

Performance

CLF Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	-0.63%	+82.3%	+56.3%	-113.0%	-111.2%
Annual Gross Margin	Dec 31, 24	1.38%	–	-80.2%	-93.7%	-95.2%
Price	Jan 12, 26	$12.91	-2.0%	+30.4%	-38.2%	-30.4%
PE Ratio	Jan 12, 26	-	–	–	–	–
Quarterly Revenue	Sep 30, 25	$4.73B	-4.0%	+3.6%	-16.3%	+192.8%
Quarterly Gross Profit	Sep 30, 25	-$30.00M	+82.9%	+54.5%	-111.0%	-132.8%
Quarterly Operating Margin	Sep 30, 25	-3.91%	+43.1%	+12.9%	-292.6%	-300.5%
Quarterly Net Margin	Sep 30, 25	-4.88%	+48.8%	+3.0%	-267.1%	-3585.7%

Quarterly Gross Margin Highs

CLF Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	-0.63%	Sep 30, 25	at high
3Y	11.68%	Jun 30, 23	-105.4%
5Y	29.30%	Sep 30, 21	-102.2%
All	50.54%	Jun 30, 18	-101.3%

Quarterly Gross Margin Lows

CLF Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	-7.76%	Mar 31, 25	+91.9%
3Y	-7.76%	Mar 31, 25	+91.9%
5Y	-7.76%	Mar 31, 25	+91.9%
All	-25.04%	Mar 31, 02	+97.5%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	-0.63%	+82.3%
Jun 2025	-3.55%	+54.3%
Mar 2025	-7.76%	-42.1%
Dec 2024	-5.46%	-279.2%
Sep 2024	-1.44%	-132.9%
Jun 2024	4.38%	-33.8%
Mar 2024	6.62%	+54.7%
Dec 2023	4.28%	-55.8%
Sep 2023	9.69%	-17.0%
Jun 2023	11.68%	+734.3%
Mar 2023	1.40%	+144.7%
Dec 2022	-3.13%	-164.5%
Sep 2022	4.85%	-67.3%
Jun 2022	14.82%	-26.9%
Mar 2022	20.27%	-11.9%
Dec 2021	23.01%	-21.5%
Sep 2021	29.30%	+24.4%
Jun 2021	23.55%	+268.5%
Mar 2021	6.39%	-13.9%
Dec 2020	7.42%	+31.3%
Sep 2020	5.65%	+138.6%
Jun 2020	-14.62%	-250.4%
Mar 2020	9.72%	-66.1%
Dec 2019	28.70%	-13.1%
Sep 2019	33.03%	+17.2%
Jun 2019	28.19%	+66.2%
Mar 2019	16.96%	-9.4%
Dec 2018	18.71%	-9.9%
Sep 2018	20.76%	-58.9%
Jun 2018	50.54%	+291.2%
Mar 2018	12.92%	-35.1%
Dec 2017	19.92%	-6.7%
Sep 2017	21.36%	-38.9%
Jun 2017	34.95%	+135.7%
Mar 2017	14.83%	+10.7%
Dec 2016	13.40%	-1.6%
Sep 2016	13.62%	-7.8%
Jun 2016	14.78%	+39.7%
Mar 2016	10.58%	-36.5%
Dec 2015	16.65%	+128.1%
Sep 2015	7.30%	-43.8%
Jun 2015	12.98%	-33.6%
Mar 2015	19.55%	+60.4%
Dec 2014	12.19%	+138.1%
Sep 2014	5.12%	-30.9%
Jun 2014	7.41%	+21.5%
Mar 2014	6.10%	-70.6%
Dec 2013	20.72%	+27.7%
Sep 2013	16.23%	-4.2%
Jun 2013	16.94%	-3.5%
Mar 2013	17.55%	+86.3%
Dec 2012	9.42%	+17.5%
Sep 2012	8.02%	-57.4%
Jun 2012	18.84%	-4.2%
Mar 2012	19.67%	+21.9%
Dec 2011	16.14%	-48.0%
Sep 2011	31.06%	+22.1%
Jun 2011	25.43%	-46.7%
Mar 2011	47.70%	+47.5%
Dec 2010	32.33%	+60.8%
Sep 2010	20.11%	+657.1%
Jun 2010	-3.61%	-154.9%
Mar 2010	6.58%	-60.6%
Dec 2009	16.71%	+107.3%
Sep 2009	8.06%	+361.7%
Jun 2009	-3.08%	-161.1%
Mar 2009	5.04%	-84.6%
Dec 2008	32.71%	+29.1%
Sep 2008	25.34%	+6.7%
Jun 2008	23.75%	+507.4%
Mar 2008	3.91%	-81.1%
Dec 2007	20.73%	+19.3%

Month	Value	Change
Sep 2007	17.37%	-26.8%
Jun 2007	23.72%	+22.8%
Mar 2007	19.31%	+0.8%
Dec 2006	19.15%	-16.2%
Sep 2006	22.84%	-13.7%
Jun 2006	26.47%	+46.4%
Mar 2006	18.08%	+8.7%
Dec 2005	16.63%	-34.4%
Sep 2005	25.36%	-10.1%
Jun 2005	28.21%	+78.2%
Mar 2005	15.83%	+8.2%
Dec 2004	14.63%	-13.7%
Sep 2004	16.95%	+35.6%
Jun 2004	12.50%	+316.7%
Mar 2004	3.00%	-6.8%
Dec 2003	3.22%	-40.8%
Sep 2003	5.44%	+172.9%
Jun 2003	-7.46%	-578.2%
Mar 2003	1.56%	-85.7%
Dec 2002	10.88%	+212.2%
Sep 2002	-9.70%	-1.6%
Jun 2002	-9.55%	+61.9%
Mar 2002	-25.04%	-215.8%
Dec 2001	-7.93%	+22.4%
Sep 2001	-10.22%	+54.1%
Jun 2001	-22.29%	-5.1%
Mar 2001	-21.21%	-356.5%
Dec 2000	8.27%	+15.8%
Sep 2000	7.14%	-29.7%
Jun 2000	10.15%	+208.1%
Mar 2000	-9.39%	-141.4%
Dec 1999	22.70%	+235.1%
Sep 1999	-16.80%	-222.7%
Jun 1999	13.69%	-29.1%
Mar 1999	19.30%	-12.7%
Dec 1998	22.10%	+16.3%
Sep 1998	19.01%	+2.7%
Jun 1998	18.51%	+19.8%
Mar 1998	15.45%	+33.8%
Dec 1997	11.55%	+3.9%
Sep 1997	11.12%	+72.9%
Jun 1997	6.43%	+363.5%
Mar 1997	-2.44%	-117.2%
Dec 1996	14.22%	-4.3%
Sep 1996	14.86%	+9.3%
Jun 1996	13.59%	+441.4%
Mar 1996	2.51%	-84.4%
Dec 1995	16.06%	+7.4%
Sep 1995	14.95%	+14.4%
Jun 1995	13.07%	+347.6%
Mar 1995	2.92%	-89.5%
Dec 1994	27.80%	+11.0%
Sep 1994	25.05%	-8.8%
Jun 1994	27.46%	+3.0%
Mar 1994	26.67%	+0.2%
Dec 1993	26.62%	-0.3%
Sep 1993	26.71%	+0.3%
Jun 1993	26.63%	+57.1%
Mar 1993	16.95%	-32.9%
Dec 1992	25.25%	+3.9%
Sep 1992	24.31%	-21.7%
Jun 1992	31.04%	+14.1%
Mar 1992	27.20%	-5.6%
Dec 1991	28.82%	+16.4%
Sep 1991	24.77%	-5.2%
Jun 1991	26.12%	+61.8%
Mar 1991	16.14%	+349.1%
Dec 1990	-6.48%	-141.3%
Sep 1990	15.68%	-53.5%
Jun 1990	33.71%	+6.1%
Mar 1990	31.76%	-

FAQ

What is the current quarterly gross margin of CLF?
As of today, CLF quarterly gross margin is -0.63%
What is CLF quarterly gross margin most recent change?
CLF quarterly gross margin was up +82.25% on September 30, 2025
What is 1-year change in CLF quarterly gross margin?
CLF quarterly gross margin is up +56.25% year-over-year
How far is CLF quarterly gross margin from its all-time high?
CLF quarterly gross margin is currently -101.25% below its historical high of 50.54% set on June 30, 2018
How does CLF quarterly gross margin rank versus sector peers?
CLF quarterly gross margin is higher than 11.06% of companies in Basic Materials sector
When is CLF next earnings release?
The next earnings release for CLF is on January 28, 2026

Gross Margin Formula

Gross Margin =

× 100%

Data Sources & References

CLF Official Website www.clevelandcliffs.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/764065/000076406525000149/0000764065-25-000149-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/764065/000076406525000058/0000764065-25-000058-index.htm
CLF Profile on Yahoo Finance finance.yahoo.com/quote/CLF
CLF Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/clf