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$ 11.18 -1.93%

Annual report 2025
added 02-09-2026

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Cleveland-Cliffs Gross Profit 2011-2026 | CLF

Gross profit is a key indicator of how efficiently a company produces or sells its products. This metric helps assess a business’s ability to generate revenue at the initial stage, before accounting for all other expenses. Regular analysis of gross profit allows companies to respond in a timely manner to changes in cost of goods, pricing strategy, and market conditions.

Calculation formula:
Gross Profit = Revenue – Cost of Goods Sold (COGS)

Revenue — all cash inflows from the sale of goods or services.
Cost of Goods Sold — direct costs related to the production or acquisition of goods:
  • Raw materials and supplies
  • Wages of production personnel
  • Depreciation of equipment
  • Transportation and warehousing costs (if directly related to production)
Importance for business:
  • Assessing core business profitability
    If gross profit is declining, it may indicate rising production costs or falling sales.
  • Financial planning
    Gross profit is the basis for calculating other key metrics, such as operating and net profit.
  • Benchmarking against competitors
    Gross profit analysis helps compare the efficiency of different companies within the same industry.
  • Insights into pricing effectiveness
    If gross profit is low, the company may be pricing too low or failing to control costs effectively.
Reasons for a decline in gross profit:
  • Increase in raw material and supply costs
  • Rising production expenses
  • Price reductions due to competition
  • Decrease in sales volume
  • Currency exchange rate fluctuations (for imports/exports)

Gross profit is an important metric, but it does not provide a complete picture of a company’s financial health, as it does not account for administrative and selling expenses, taxes, debt burden, or depreciation.

Annual Gross Profit Cleveland-Cliffs

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
- - - - - - 576 M 810 M 502 M 389 M 236 M 451 M 1.15 B 1.17 B 2.69 B

All numbers in USD currency

Indicator range from annual reports

Maximum Minimum Average
2.69 B 236 M 886 M

Quarterly Gross Profit Cleveland-Cliffs

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1
- - - - - - - - - - - - - - - - - - - - - - - 127 M 155 M 263 M 30.9 M 202 M 262 M 284 M 61.5 M 116 M 158 M 145 M 96.3 M 182 M 85.4 M 91.5 M 30.9 M 43.3 M 55.1 M 57.3 M 80.8 M 256 M 256 M 184 M 190 M 294 M 349 M 268 M 238 M 238 M 198 M 443 M 292 M 480 M 843 M 732 M 600 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum Minimum Average
843 M 30.9 M 233 M

Gross Profit of other stocks in the Steel industry

Issuer Gross Profit Price % 24h Market Cap Country
Friedman Industries, Incorporated Friedman Industries, Incorporated
FRD
2.61 M $ 18.39 -1.66 % $ 130 M usaUSA
Mechel PAO Mechel PAO
MTL
178 B - - - russiaRussia
Commercial Metals Company Commercial Metals Company
CMC
803 M $ 71.93 -2.23 % $ 8.13 B usaUSA
Ossen Innovation Co., Ltd. Ossen Innovation Co., Ltd.
OSN
23.7 M - - $ 33.3 M chinaChina
Nucor Corporation Nucor Corporation
NUE
2.1 B $ 178.12 -1.33 % $ 41.1 B usaUSA
Reliance Steel & Aluminum Co. Reliance Steel & Aluminum Co.
RS
3.11 B $ 313.97 -2.75 % $ 16.5 B usaUSA
Gerdau S.A. Gerdau S.A.
GGB
20.8 B $ 3.71 -6.68 % $ 7.1 B brasilBrasil
ArcelorMittal ArcelorMittal
MT
5.79 B $ 59.87 -7.18 % $ 28.5 B luxembourgLuxembourg
POSCO POSCO
PKX
5.49 T $ 63.68 -7.6 % $ 7.8 B south-koreaSouth-korea
Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional
SID
11.7 B $ 1.51 -8.51 % $ 3.34 T brasilBrasil
Grupo Simec, S.A.B. de C.V. Grupo Simec, S.A.B. de C.V.
SIM
7.62 B $ 30.8 - $ 16.4 M mexicoMexico
Schnitzer Steel Industries Schnitzer Steel Industries
SCHN
274 M - -0.57 % $ 932 M usaUSA
ZK International Group Co., Ltd. ZK International Group Co., Ltd.
ZKIN
4.04 M $ 1.12 0.01 % $ 6.36 M chinaChina
Ternium S.A. Ternium S.A.
TX
2.89 B $ 41.53 -4.2 % $ 76.9 B luxembourgLuxembourg
Steel Dynamics Steel Dynamics
STLD
2.8 B $ 196.86 -2.31 % $ 30.6 B usaUSA
Synalloy Corporation Synalloy Corporation
SYNL
17.2 M - 1.1 % $ 142 M usaUSA
TimkenSteel Corporation TimkenSteel Corporation
TMST
95.1 M - 1.14 % $ 935 M usaUSA
Universal Stainless & Alloy Products Universal Stainless & Alloy Products
USAP
41.5 M - - $ 409 M usaUSA
Worthington Industries Worthington Industries
WOR
319 M $ 53.87 -4.16 % $ 2.66 B usaUSA
United States Steel Corporation United States Steel Corporation
X
855 M - - $ 12.4 B usaUSA
Olympic Steel Olympic Steel
ZEUS
299 M - - $ 559 M usaUSA