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Calumet, Inc.(CLMT)Earnings, Financials & Key Ratios
CLMT•NASDAQ
$37.17
Price updated Jul 7, 2026
AboutCalumet, Inc. manufactures, formulates, and markets slate of specialty branded products to various consumer-facing and industrial markets in North America and internationally. Its Specialty Products and Solutions segment offers various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products. The company's Montana/Renewables segment focuses on processing renewable feedstocks into renewable hydrogen, renewable natural gas, renewable propane, renewable naphtha, renewable kerosene/aviation fuel, and renewable diesel. This segment also processes Canadian crude oil into conventional gasoline, diesel, jet fuel, and specialty grades of asphalt. Its Performance Brands segment blends, packages, and markets high performance products through Royal Purple, Bel-Ray, and TruFuel brands. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.Show more
- Revenue$4.14B-1.2%
- EBITDA$203M+29.2%
- Net Income-$34M+84.8%
- EPS (Diluted)-0.39+85.4%
- Gross Margin5.94%+7.8%
- EBITDA Margin4.91%+30.9%
- Operating Margin1.31%+577.8%
- Net Margin-0.82%+84.6%
CLMT Price & Volume
Calumet, Inc. (CLMT) stock price & volume — 10-year historical chart
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Extreme Margin Volatility Masks Structural Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to maintain positive free cash flow
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Extreme margin volatility
Key Thesis Takeaways
- Calumet faces significant fundamental headwinds characterized by extreme margin instability and a persistent erosion of its equity base, which reached negative $1.0 billion in 2026Q1.
- While the company has recently reduced its total debt from $2.3 billion in 2025Q3 to $32.6 million in 2026Q1, the lack of consistent organic revenue growth and recurring operating losses suggest a precarious long-term outlook.
- Investors should monitor the company's ability to stabilize cash flows, as the current reliance on volatile inventory valuations and narrow refining spreads continues to threaten liquidity.
Verdict Logic
which swung from a $103.8 million inflow in 2025Q4 to a $99.4 million outflow in 2026Q1, presents an unacceptable risk profile for most investors.
CLMT Growth Metrics
Calumet, Inc. (CLMT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-0.18%
5 Years12.77%
3 Years-4.07%
TTM-0.11%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM44.73%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM46%
Return on Capital
10 Years3.71%
5 Years4.84%
3 Years7%
Last Year2.9%
CLMT Recent Earnings
Calumet, Inc. (CLMT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$0.64-12.3%
$0.57
Rev
$1.0B+2.9%
$1.0B
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$0.43+35.8%
$0.67
Rev
$1.0B-1.8%
$1.1B
Q4 2025
Nov 7, 2025Metric
Actual
Est
EPS
$0.21+30.0%
$0.30
Rev
$1.1B+3.2%
$1.0B
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$1.70-286.4%
$0.44
Rev
$1.0B-11.1%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.64vs $0.57-12.3% | $1.0Bvs $1.0B+2.9% |
| Q1 2026 | Feb 27, 2026 | $0.43vs $0.67+35.8% | $1.0Bvs $1.1B-1.8% |
| Q4 2025 | Nov 7, 2025 | $0.21vs $0.30+30.0% | $1.1Bvs $1.0B+3.2% |
| Q3 2025 | Aug 8, 2025 | $1.70vs $0.44-286.4% | $1.0Bvs $1.2B-11.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Calumet, Inc. (CLMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $37.17 | $3.24B | -95.31 | -1.25% | -0.82% | — | — | |
| $61.46 | $3.04B | 8.58 | -6.39% | 6.02% | 32.17% | — | |
| $53.55 | $2.85B | 16.23 | 7.73% | 16% | 1917.1% | — | |
| $22.57 | $860.71M | 20.71 | -10.63% | 2.03% | — | — | |
| $2.34 | $91.39M | -6.32 | 1.2% | -2.84% | — | — | |
| $48.47 | $1.65B | 22.97 | 8.14% | 0.67% | 18.82% | — |
Compare CLMT vs Peers
Calumet, Inc. (CLMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLMT SEC Filings & Documents
Calumet, Inc. (CLMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CLMT Frequently Asked Questions
Calumet, Inc. (CLMT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Calumet, Inc.'s revenue?
Calumet, Inc. (CLMT) reported $4.17B in revenue for fiscal year 2025. This represents a 870% increase from $430.4M in 2003.
How fast is Calumet, Inc. growing?
Calumet, Inc. (CLMT) saw revenue decline by 1.2% over the past year.
Is CLMT profitable?
Calumet, Inc. (CLMT) reported a net loss of $188.8M for fiscal year 2025.
Dividend & Returns
What is Calumet, Inc.'s free cash flow?
Calumet, Inc. (CLMT) generated $85.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.