Cleveland-Cliffs Gross Margin 2010-2024 | CLF
- Cleveland-Cliffs average gross margin for 2023 was 5.61%, a 69.84% decline from 2022.
- Cleveland-Cliffs average gross margin for 2022 was 18.6%, a 18.93% decline from 2021.
- Cleveland-Cliffs average gross margin for 2021 was 15.64%, a 55.78% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.