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Cleveland-Cliffs vs Southern Copper: CLF and SCCO compared
Cleveland-Cliffs is the larger company: $5.6B of revenue in its latest quarter (Q3 2026) against $4.7B for Southern Copper (Q3 2026). Southern Copper is growing faster (+39% against +18% a year earlier). Southern Copper is more profitable, with an operating margin of 59.9% against 5.5%.
Where the money goes: CLF and SCCO
Cleveland-Cliffs (CLF) · Q3 2026
Cleveland-Cliffs, Q3 2026: revenue $5.6B (+18% year over year), operating margin 5.5%, net earnings $152M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
Southern Copper (SCCO) · Q3 2026
Southern Copper, Q3 2026: revenue $4.7B (+39% year over year), operating margin 59.9%, net earnings $1.8B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Cleveland-Cliffs (CLF) | Southern Copper (SCCO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.6B | $4.7B |
| Revenue growth, Y/Y | +18% | +39% |
| Operating margin | 5.5% | 59.9% |
| Net earnings | $152M | $1.8B |
| Net margin | 2.7% | 38.4% |
| Operating cash flow | $224M | $2.2B |
| Free cash flow | $72.0M | $1.7B |
| Market value | $6.5B | $138.6B |
| P/E | — | 21.6× |
| Analysts’ mean target | $14.35 | $175.80 |
Where the revenue comes from
Southern Copper
- Copper: $3.5B (74%)
- Molybdenum: $570M (12%)
- Silver: $341M (7%)
- Zinc: $170M (4%)
Questions
Which is bigger, Cleveland-Cliffs or Southern Copper?
Cleveland-Cliffs is the larger company: $5.6B of revenue in its latest quarter (Q3 2026) against $4.7B for Southern Copper (Q3 2026).
Is Cleveland-Cliffs or Southern Copper growing faster?
Southern Copper is growing faster (+39% against +18% a year earlier).
Which is more profitable, Cleveland-Cliffs or Southern Copper?
Southern Copper is more profitable, with an operating margin of 59.9% against 5.5%.
More: Cleveland-Cliffs earnings · how Cleveland-Cliffs makes money · Southern Copper earnings · how Southern Copper makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 20, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.