• Cleveland-Cliffs average net profit margin for 2023 was 1.64%, a 86.37% decline from 2022.
• Cleveland-Cliffs average net profit margin for 2022 was 12.03%, a 43.73% decline from 2021.
• Cleveland-Cliffs average net profit margin for 2021 was 8.37%, a 510.95% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.