Calumet, Inc. (CLMT)

NASDAQ: CLMT · Real-Time Price · USD

58.24

+0.71 (1.23%)

At close: Oct 15, 2026, 4:00 PM EDT

58.76

+0.52 (0.90%)

After-hours: Oct 15, 2026, 7:52 PM EDT

Calumet Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	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	317.8	261.9	289.1	535.5	384.1	98.2
Operating Income	-58.8	79.1	77.7	364.4	83.3	-149.5
Net Income	-136.8	-33.8	-222	47.1	-169.8	-254.9
Earnings Per Share	-1.57	-0.39	-2.67	0.59	-2.14	-3.23
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Specialty Products and Solutions	3,095	2,652	2,813	2,894	3,533	2,128
Performance Brands	341.2	311.5	335.6	310.6	303.4	252.9
Montana/Renewables	1,178	1,193	1,065	993.8	874.9	783.7
Inter-Segment Sales Eliminations	-22.9	-19.9	-23.7	-17.5	-24.7	-16.1
Total	4,592	4,137	4,189	4,181	4,686	3,148

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	109.8	125.1	38.1	7.9	35.2	38.1
Total Debt	2,368	2,459	2,373	2,190	1,889	1,757
Net Cash (Debt)	-2,258	-2,334	-2,335	-2,183	-1,854	-1,719
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-25.93	-26.90	-28.08	-27.26	-23.37	-21.77

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	146.1	108.9	-46.4	-14.9	100.6	-44
Capital Expenditures	-72.6	-52.3	-76.7	-271.8	-536.2	-82.9
Free Cash Flow	73.5	56.6	-123.1	-286.7	-435.6	-126.9
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	30.34	-	-
Forward PE	18.26	39.87	78.64	19.64	7.76	111.20
P/FCF Ratio	69.65	30.46	-	-	-	-
PS Ratio	1.11	0.42	0.45	0.34	0.28	0.33