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Cleveland-Cliffs vs Southern Copper Corp/: revenue, profit, margins and growth compared

Cleveland-Cliffs brought in $18.6B of revenue in fiscal 2025, Southern Copper Corp/ $13.4B in fiscal 2025. Revenue changed by -3.0% at Cleveland-Cliffs and +17.4% at Southern Copper Corp/ on the year before, so Southern Copper Corp/ grew faster. Cleveland-Cliffs kept -7.9% of its revenue as net profit, Southern Copper Corp/ 32.3%. Free cash flow was -$1B at Cleveland-Cliffs and $3.4B at Southern Copper Corp/.

Side by side, latest fiscal year

CLFSCCO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.6B$13.4B
Revenue growth-3.0%+17.4%
Net income-$1.5B$4.3B
Net margin-7.9%32.3%
Free cash flow-$1B$3.4B
Free cash flow margin-5.5%25.5%
Earnings per share (diluted)-$2.91$5.24
Cash$57M$4.3B
Debt$7.3B$6.8B
Price to earningsn/a38.9
Market value$6.9B$170.1B
Dividend yieldn/a1.52%
Rank by revenue in sector#4 of 71 · Basic materials#6 of 71 · Basic materials

Over the years

Revenue
CLF FY2018: $2.3BCLF FY2019: $2BCLF FY2020: $5.4BCLF FY2021: $20.4BCLF FY2022: $23BCLF FY2023: $22BCLF FY2024: $19.2BCLF FY2025: $18.6BSCCO FY2018: $7.1BSCCO FY2019: $7.3BSCCO FY2020: $8BSCCO FY2021: $10.9BSCCO FY2022: $10BSCCO FY2023: $9.9BSCCO FY2024: $11.4BSCCO FY2025: $13.4BFY18FY19FY20FY21FY22FY23FY24FY25
CLF $18.6BSCCO $13.4B
Net income
CLF FY2018: $1.1BCLF FY2019: $293MCLF FY2020: -$122MCLF FY2021: $3BCLF FY2022: $1.3BCLF FY2023: $385MCLF FY2024: -$760MCLF FY2025: -$1.5BSCCO FY2018: $1.5BSCCO FY2019: $1.5BSCCO FY2020: $1.6BSCCO FY2021: $3.4BSCCO FY2022: $2.6BSCCO FY2023: $2.4BSCCO FY2024: $3.4BSCCO FY2025: $4.3BFY18FY19FY20FY21FY22FY23FY24FY25
CLF -$1.5BSCCO $4.3B
Net margin
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%SCCO FY2018: 21.7%SCCO FY2019: 20.4%SCCO FY2020: 19.7%SCCO FY2021: 31.1%SCCO FY2022: 26.3%SCCO FY2023: 24.5%SCCO FY2024: 29.5%SCCO FY2025: 32.3%FY18FY19FY20FY21FY22FY23FY24FY25
CLF -7.9%SCCO 32.3%
Revenue growth
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%SCCO FY2019: +2.7%SCCO FY2020: +9.6%SCCO FY2021: +36.9%SCCO FY2022: -8.1%SCCO FY2023: -1.5%SCCO FY2024: +15.5%SCCO FY2025: +17.4%FY19FY20FY21FY22FY23FY24FY25
CLF -3.0%SCCO +17.4%
Free cash flow
CLF FY2018: $183MCLF FY2019: -$88MCLF FY2020: -$783MCLF FY2021: $2.1BCLF FY2022: $1.5BCLF FY2023: $1.6BCLF FY2024: -$590MCLF FY2025: -$1BSCCO FY2018: $1.1BSCCO FY2019: $1.2BSCCO FY2020: $2.2BSCCO FY2021: $3.4BSCCO FY2022: $1.9BSCCO FY2023: $2.6BSCCO FY2024: $3.4BSCCO FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
CLF -$1BSCCO $3.4B

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

Questions about Cleveland-Cliffs and Southern Copper Corp/

Which is bigger by revenue, Cleveland-Cliffs or Southern Copper Corp/?

Cleveland-Cliffs is bigger by revenue: $18.6B in fiscal 2025, against $13.4B for Southern Copper Corp/ in fiscal 2025.

Which keeps more of its revenue as profit, Cleveland-Cliffs or Southern Copper Corp/?

Cleveland-Cliffs had a net margin of -7.9% in fiscal 2025; Southern Copper Corp/ had 32.3% in fiscal 2025.

Which grew revenue faster, Cleveland-Cliffs or Southern Copper Corp/?

In their latest fiscal years revenue changed by -3.0% at Cleveland-Cliffs and +17.4% at Southern Copper Corp/.

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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