Calumet Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,048	4,189	4,181	4,686	3,148	2,268
Revenue Growth (YoY)	-3.99%	0.20%	-10.78%	48.87%	38.79%	-34.30%
Cost of Revenue	3,657	3,900	3,646	4,302	3,050	2,145
Gross Profit	390.6	289.1	535.5	384.1	98.2	123.1
Selling, General & Admin	176.5	201.2	187.9	197.3	203.9	138.9
Other Operating Expenses	18.4	10.2	-16.8	103.5	43.8	-27.1
Operating Expenses	194.9	211.4	171.1	300.8	247.7	116.9
Operating Income	195.7	77.7	364.4	83.3	-149.5	6.2
Interest Expense	-226.4	-236.7	-221.7	-175.9	-149.5	-125.9
Other Non Operating Income (Expenses)	3.9	-1.5	0.2	-2.8	0.3	-2.5
EBT Excluding Unusual Items	-26.8	-160.5	142.9	-95.4	-298.7	-122.2
Gain (Loss) on Sale of Assets	55.8	-	-	-	-	-
Asset Writedown	-9	-9	-36.7	-20.1	40.6	-25.7
Other Unusual Items	-98.6	-51.7	-56.5	-54.4	-0.5	-
Pretax Income	-78.6	-221.2	49.7	-169.9	-258.6	-147.9
Income Tax Expense	-41.4	0.8	1.6	3.4	1.5	1.1
Earnings From Continuing Operations	-37.2	-222	48.1	-173.3	-260.1	-149
Net Income to Company	-37.2	-222	48.1	-173.3	-260.1	-149
Minority Interest in Earnings	-	-	-1	3.5	5.2	3
Net Income	-37.2	-222	47.1	-169.8	-254.9	-146
Net Income to Common	-37.2	-222	47.1	-169.8	-254.9	-146
Shares Outstanding (Basic)	87	83	80	79	79	78
Shares Outstanding (Diluted)	87	83	80	79	79	78
Shares Change (YoY)	6.00%	3.84%	0.93%	0.45%	0.78%	0.20%
EPS (Basic)	-0.43	-2.67	0.59	-2.14	-3.23	-1.86
EPS (Diluted)	-0.43	-2.67	0.59	-2.14	-3.23	-1.86
Free Cash Flow	-75.6	-123.1	-286.7	-435.6	-126.9	18.8
Free Cash Flow Per Share	-0.87	-1.48	-3.58	-5.49	-1.61	0.24
Gross Margin	9.65%	6.90%	12.81%	8.20%	3.12%	5.43%
Operating Margin	4.83%	1.85%	8.72%	1.78%	-4.75%	0.27%
Profit Margin	-0.92%	-5.30%	1.13%	-3.62%	-8.10%	-6.44%
Free Cash Flow Margin	-1.87%	-2.94%	-6.86%	-9.29%	-4.03%	0.83%
EBITDA	349.4	226.1	510.5	176.2	-49.6	103.9
EBITDA Margin	8.63%	5.40%	12.21%	3.76%	-1.58%	4.58%
D&A For EBITDA	153.7	148.4	146.1	92.9	99.9	97.7
EBIT	195.7	77.7	364.4	83.3	-149.5	6.2
EBIT Margin	4.83%	1.85%	8.72%	1.78%	-4.75%	0.27%
Effective Tax Rate	-	-	3.22%	-	-	-
Advertising Expenses	-	10.7	10.6	9.1	7.4	4.3

Updated Nov 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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