Calumet, Inc. (CLMT)

Calumet Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	4,592	4,137	4,189	4,181	4,686	3,148
Revenue Growth	12.80%	-1.25%	0.20%	-10.78%	48.87%	38.79%
Gross Profit Gross Profit Growth	317.8	261.9	289.1	535.5	384.1	98.2
Operating Income Operating Income Growth	-58.8	79.1	77.7	364.4	83.3	-149.5
Net Income Net Income Growth	-136.8	-33.8	-222	47.1	-169.8	-254.9
Earnings Per Share EPS Growth	-1.57	-0.39	-2.67	0.59	-2.14	-3.23
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Specialty Products and Solutions Specialty Products and Solutions Growth	3,095	2,652	2,813	2,894	3,533	2,128
Performance Brands Performance Brands Growth	341.2	311.5	335.6	310.6	303.4	252.9
Montana/Renewables Montana/Renewables Growth	1,178	1,193	1,065	993.8	874.9	783.7
Inter-Segment Sales Eliminations Inter-Segment Sales Eliminations Growth	-22.9	-19.9	-23.7	-17.5	-24.7	-16.1
Total Total Growth	4,592	4,137	4,189	4,181	4,686	3,148

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	109.8	125.1	38.1	7.9	35.2	38.1
Total Debt Total Debt Growth	2,368	2,459	2,373	2,190	1,889	1,757
Net Cash (Debt) Net Cash Growth	-2,258	-2,334	-2,335	-2,183	-1,854	-1,719
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-25.93	-26.90	-28.08	-27.26	-23.37	-21.77

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	146.1	108.9	-46.4	-14.9	100.6	-44
Capital Expenditures CapEx Growth	-72.6	-52.3	-76.7	-271.8	-536.2	-82.9
Free Cash Flow Free Cash Flow Growth	73.5	56.6	-123.1	-286.7	-435.6	-126.9
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	6.92%	6.33%	6.90%	12.81%	8.20%	3.12%
Operating Margin	-1.28%	1.91%	1.85%	8.72%	1.78%	-4.75%
Pretax Margin	-5.93%	-3.06%	-5.28%	1.19%	-3.63%	-8.21%
Profit Margin	-2.98%	-0.82%	-5.30%	1.13%	-3.62%	-8.10%
FCF Margin	1.60%	1.37%	-2.94%	-6.86%	-9.29%	-4.03%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	-	-	30.34	-	-
Forward PE	9.56	39.87	78.64	19.64	7.76	111.20
P/FCF Ratio	52.14	30.46	-	-	-	-
PS Ratio	0.83	0.42	0.45	0.34	0.28	0.33

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

Data Sources Report a data error