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Agnico Eagle Mines vs Cleveland-Cliffs: revenue, profit, margins and growth compared

Agnico Eagle Mines brought in $11.9B of revenue in fiscal 2025, Cleveland-Cliffs $18.6B in fiscal 2025. Revenue changed by +43.7% at Agnico Eagle Mines and -3.0% at Cleveland-Cliffs on the year before, so Agnico Eagle Mines grew faster. Agnico Eagle Mines kept 37.5% of its revenue as net profit, Cleveland-Cliffs -7.9%. Free cash flow was $4.4B at Agnico Eagle Mines and -$1B at Cleveland-Cliffs.

Side by side, latest fiscal year

AEMCLF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.9B$18.6B
Revenue growth+43.7%-3.0%
Net income$4.5B-$1.5B
Net margin37.5%-7.9%
Free cash flow$4.4B-$1B
Free cash flow margin36.9%-5.5%
Earnings per share (diluted)$8.86-$2.91
Cash$2.9B$57M
Debtn/a$7.3B
Price to earningsn/an/a
Market value$98.7B$6.9B
Dividend yieldn/an/a
Rank by revenue in sector#8 of 71 · Basic materials#4 of 71 · Basic materials

Over the years

Revenue
AEM FY2018: $2.2BAEM FY2019: $2.5BAEM FY2020: $3.1BAEM FY2021: $3.9BAEM FY2022: $5.7BAEM FY2023: $6.6BAEM FY2024: $8.3BAEM FY2025: $11.9BCLF FY2018: $2.3BCLF FY2019: $2BCLF FY2020: $5.4BCLF FY2021: $20.4BCLF FY2022: $23BCLF FY2023: $22BCLF FY2024: $19.2BCLF FY2025: $18.6BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $11.9BCLF $18.6B
Net income
AEM FY2018: -$326.7MAEM FY2019: $473.2MAEM FY2020: $511.6MAEM FY2021: $561.9MAEM FY2022: $670.2MAEM FY2023: $1.9BAEM FY2024: $1.9BAEM FY2025: $4.5BCLF FY2018: $1.1BCLF FY2019: $293MCLF FY2020: -$122MCLF FY2021: $3BCLF FY2022: $1.3BCLF FY2023: $385MCLF FY2024: -$760MCLF FY2025: -$1.5BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.5BCLF -$1.5B
Net margin
AEM FY2018: -14.9%AEM FY2019: 19.0%AEM FY2020: 16.3%AEM FY2021: 14.5%AEM FY2022: 11.7%AEM FY2023: 29.3%AEM FY2024: 22.9%AEM FY2025: 37.5%CLF FY2018: 48.4%CLF FY2019: 14.7%CLF FY2020: -2.3%CLF FY2021: 14.6%CLF FY2022: 5.8%CLF FY2023: 1.8%CLF FY2024: -4.0%CLF FY2025: -7.9%FY18FY19FY20FY21FY22FY23FY24FY25
AEM 37.5%CLF -7.9%
Revenue growth
AEM FY2019: +13.9%AEM FY2020: +25.7%AEM FY2021: +23.3%AEM FY2022: +48.4%AEM FY2023: +15.4%AEM FY2024: +25.0%AEM FY2025: +43.7%CLF FY2019: -14.7%CLF FY2020: +169.0%CLF FY2021: +281.8%CLF FY2022: +12.4%CLF FY2023: -4.3%CLF FY2024: -12.8%CLF FY2025: -3.0%FY19FY20FY21FY22FY23FY24FY25
AEM +43.7%CLF -3.0%
Free cash flow
AEM FY2018: -$483.5MAEM FY2019: -$972KAEM FY2020: $432.7MAEM FY2021: $448.3MAEM FY2022: $558.4MAEM FY2023: $947.4MAEM FY2024: $2.1BAEM FY2025: $4.4BCLF FY2018: $183MCLF FY2019: -$88MCLF FY2020: -$783MCLF FY2021: $2.1BCLF FY2022: $1.5BCLF FY2023: $1.6BCLF FY2024: -$590MCLF FY2025: -$1BFY18FY19FY20FY21FY22FY23FY24FY25
AEM $4.4BCLF -$1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Agnico Eagle Mines and Cleveland-Cliffs

Which is bigger by revenue, Agnico Eagle Mines or Cleveland-Cliffs?

Cleveland-Cliffs is bigger by revenue: $18.6B in fiscal 2025, against $11.9B for Agnico Eagle Mines in fiscal 2025.

Which keeps more of its revenue as profit, Agnico Eagle Mines or Cleveland-Cliffs?

Agnico Eagle Mines had a net margin of 37.5% in fiscal 2025; Cleveland-Cliffs had -7.9% in fiscal 2025.

Which grew revenue faster, Agnico Eagle Mines or Cleveland-Cliffs?

In their latest fiscal years revenue changed by +43.7% at Agnico Eagle Mines and -3.0% at Cleveland-Cliffs.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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