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Cleveland-Cliffs Inc.

CLF

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
19,185
Cost of Revenue
19,115
Gross Profit
70
Gross Margin
0.4%
Operating Income
-756
Operating Margin
-3.9%
Net Income
-754
Net Margin
-3.9%
EPS (Basic)
$-1.57
EPS (Diluted)
$-1.57
EBITDA
378
EBITDA Margin
2.0%

2023

12/31/2023

Revenue
21,996
Cost of Revenue
20,605
Gross Profit
1,391
Gross Margin
6.3%
Operating Income
677
Operating Margin
3.1%
Net Income
399
Net Margin
1.8%
EPS (Basic)
$0.78
EPS (Diluted)
$0.78
EBITDA
1,859
EBITDA Margin
8.5%

2022

12/31/2022

Revenue
22,989
Cost of Revenue
20,471
Gross Profit
2,518
Gross Margin
11.0%
Operating Income
1,939
Operating Margin
8.4%
Net Income
1,335
Net Margin
5.8%
EPS (Basic)
$2.57
EPS (Diluted)
$2.55
EBITDA
3,106
EBITDA Margin
13.5%

2021

12/31/2021

Revenue
20,444
Cost of Revenue
15,910
Gross Profit
4,534
Gross Margin
22.2%
Operating Income
4,012
Operating Margin
19.6%
Net Income
2,988
Net Margin
14.6%
EPS (Basic)
$5.62
EPS (Diluted)
$5.35
EBITDA
5,044
EBITDA Margin
24.7%

2020

12/31/2020

Revenue
5,354
Cost of Revenue
5,102
Gross Profit
252
Gross Margin
4.7%
Operating Income
-142
Operating Margin
-2.7%
Net Income
-122
Net Margin
-2.3%
EPS (Basic)
$-0.32
EPS (Diluted)
$-0.32
EBITDA
353
EBITDA Margin
6.6%