CLEVELAND-CLIFFS INC. (CLF) Operating Margin
- Operating margin · 12 months: Value -4.15%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | -4.15% | Operating income / revenue. Period ending 2026-06-30. $-797.00M ÷ $19.20B × 100 ≈ -4.15% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | -797.00M USD | Operating Income (Loss) |
| Revenue | 19.20B USD | |
| Cost of products and services | 19.40B USD | Cost of Goods and Services Sold |
| Research and development | (m) | |
| Selling, general and administration | 552.00M USD | Selling, General and Administrative Expense |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $-797.00M | $19.20B | $19.40B | (m) | $552.00M | -4.15% |
| 2026-03-31 | $-1.25B | $18.90B | $19.45B | (m) | $535.00M | -6.61% |
| 2025-12-31 | $-1.58B | $18.61B | $19.47B | (m) | $543.00M | -8.48% |
| 2025-09-30 | $-1.71B | $18.62B | $19.54B | (m) | $538.00M | -9.16% |
| 2025-06-30 | $-1.76B | $18.46B | $19.43B | (m) | $521.00M | -9.54% |
| 2025-03-31 | $-1.26B | $18.61B | $19.22B | (m) | $487.00M | -6.75% |
| 2024-12-31 | $-756.00M | $19.18B | $19.11B | (m) | $486.00M | -3.94% |
| 2024-09-30 | $-391.00M | $19.97B | $19.46B | (m) | $509.00M | -1.96% |
| 2024-06-30 | $193.00M | $21.01B | $19.91B | (m) | $536.00M | 0.92% |
| 2024-03-31 | $670.00M | $21.90B | $20.32B | (m) | $582.00M | 3.06% |
| 2023-12-31 | $677.00M | $22.00B | $20.61B | (m) | $577.00M | 3.08% |
| 2023-09-30 | $595.00M | $21.93B | $20.77B | (m) | $532.00M | 2.71% |
| 2023-06-30 | $457.00M | $21.98B | $20.95B | (m) | $512.00M | 2.08% |
| 2023-03-31 | $814.00M | $22.33B | $20.96B | (m) | $470.00M | 3.65% |
| 2022-12-31 | $1.94B | $22.99B | $20.47B | (m) | $465.00M | 8.43% |
| 2022-09-30 | $3.24B | $23.29B | $19.44B | (m) | $446.00M | 13.91% |
| 2022-06-30 | $4.70B | $23.64B | $18.36B | (m) | $438.00M | 19.89% |
| 2022-03-31 | $4.93B | $22.35B | $16.86B | (m) | $436.00M | 22.05% |
| 2021-12-31 | $4.01B | $20.44B | $15.91B | (m) | $422.00M | 19.62% |
| 2021-09-30 | $3.00B | $17.35B | $13.85B | (m) | $406.00M | 17.29% |
| 2021-06-30 | $1.39B | $13.00B | $11.15B | (m) | $353.00M | 10.69% |
| 2021-03-31 | $114.00M | $9.04B | $8.51B | (m) | $311.00M | 1.26% |
| 2020-12-31 | $-142.00M | $5.35B | $5.10B | (m) | $244.00M | -2.65% |
| 2020-09-30 | $-167.50M | $3.63B | $3.50B | (m) | $186.40M | -4.61% |
| 2020-06-30 | $-83.90M | $2.54B | $2.37B | (m) | $152.30M | -3.30% |
| 2020-03-31 | $351.30M | $2.19B | $1.64B | (m) | $118.20M | 16.03% |
| 2019-12-31 | $429.30M | $1.99B | $1.41B | (m) | $119.40M | 21.57% |
| 2019-09-30 | $510.80M | $2.15B | $1.50B | (m) | $120.10M | 23.73% |
| 2019-06-30 | $614.70M | $2.34B | $1.58B | (m) | $124.20M | 26.29% |
| 2019-03-31 | $642.10M | $2.31B | $1.53B | (m) | $119.80M | 27.80% |
| 2018-12-31 | $673.20M | $2.33B | $1.52B | (m) | $116.80M | 28.86% |
| 2018-09-30 | $656.30M | $2.61B | $1.85B | (m) | $111.70M | 25.13% |
| 2018-06-30 | $559.50M | $2.47B | $1.81B | (m) | $105.40M | 22.68% |
| 2018-03-31 | $303.50M | $2.11B | $1.71B | (m) | $105.80M | 14.40% |
| 2017-12-31 | $423.60M | $2.33B | $1.83B | (m) | $105.80M | 18.18% |
| 2017-09-30 | $457.90M | $2.48B | $1.90B | (m) | $113.80M | 18.44% |
| 2017-06-30 | $362.90M | $2.34B | $1.83B | (m) | $120.30M | 15.52% |
| 2017-03-31 | $323.00M | $2.27B | $1.81B | (m) | $115.30M | 14.26% |
| 2016-12-31 | $240.80M | $2.11B | $1.72B | (m) | $117.80M | 11.42% |
| 2016-09-30 | $133.60M | $1.83B | $1.58B | (m) | $109.60M | 7.30% |
| 2016-06-30 | $128.10M | $1.87B | $1.65B | (m) | $100.90M | 6.85% |
| 2016-03-31 | $79.10M | $1.87B | $1.69B | (m) | $109.10M | 4.22% |
| 2015-12-31 | $151.30M | $2.01B | $1.78B | (m) | $110.00M | 7.52% |
| 2015-09-30 | $-9.45B | $3.82B | $3.80B | (m) | $159.80M | -247.62% |
| 2015-06-30 | $-9.63B | $4.20B | $3.99B | (m) | $187.10M | -228.94% |
| 2015-03-31 | $-9.51B | $4.45B | $4.11B | (m) | $200.30M | -213.56% |
| 2014-12-31 | $-9.45B | $4.62B | $4.17B | (m) | $208.70M | -204.28% |
| 2014-09-30 | $-7.80B | $4.85B | $4.28B | (m) | $230.00M | -160.76% |
| 2014-06-30 | $178.30M | $5.10B | $4.30B | (m) | $237.90M | 3.49% |
| 2014-03-31 | $452.00M | $5.49B | $4.52B | (m) | $234.30M | 8.23% |
| 2013-12-31 | $671.00M | $5.69B | $4.54B | (m) | $231.60M | 11.79% |
| 2013-09-30 | $-315.80M | $5.71B | $4.62B | (m) | $247.80M | -5.53% |
| 2013-06-30 | $-463.40M | $5.71B | $4.77B | (m) | $239.40M | -8.12% |
| 2013-03-31 | $-363.40M | $5.80B | $4.68B | (m) | $271.40M | -6.26% |
| 2012-12-31 | $-308.80M | $5.87B | $4.70B | (m) | $282.50M | -5.26% |
| 2012-09-30 | $1.06B | $6.17B | $4.68B | (m) | $312.60M | 17.25% |
| 2012-06-30 | $1.79B | $6.70B | $4.59B | (m) | $305.80M | 26.66% |
| 2012-03-31 | $2.04B | $6.88B | $4.48B | (m) | $286.80M | 29.63% |
| 2011-12-31 | $2.35B | $6.79B | $4.11B | (m) | $274.40M | 34.57% |
| 2011-09-30 | $2.37B | $6.56B | $3.88B | (m) | $288.40M | 36.21% |
| 2011-06-30 | $1.94B | $5.76B | $3.47B | (m) | $266.40M | 33.75% |
| 2011-03-31 | $1.69B | $5.14B | $3.17B | (m) | $244.30M | 32.95% |
| 2010-12-31 | $1.26B | $4.68B | $3.16B | (m) | $238.00M | 27.02% |
| 2010-09-30 | $1.02B | $4.08B | $2.86B | (m) | $201.40M | 25.11% |
| 2010-06-30 | $715.30M | $3.40B | $2.56B | (m) | $161.70M | 21.05% |
| 2010-03-31 | (m) | $2.60B | (m) | (m) | (m) | (m) |
| 2009-12-31 | $230.20M | $2.34B | $2.03B | (m) | $120.70M | 9.83% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $938.90M | $3.61B | $2.45B | (m) | $188.60M | 26.01% |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | $381.60M | $2.28B | $1.81B | (m) | $114.20M | 16.77% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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