Saturday 17 October 2026 Export CLMT’s income statement to Excel — free account

Calumet, Inc.

CLMT Basic Materials Specialty Chemicals

Calumet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, down 1.25% from fiscal 2024. In the quarter to June 2026, revenue grew 40.8%, EPS grew 35.9%, free cash flow grew 450.7% and total debt fell 1.98%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

57.75 0.49 −0.84%

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Market cap: $5.1B
P/E: 0.0×
Fwd P/E: −9.0×
Dividend yield: —
F-score: 5/9
Altman Z: 1.16
Beneish M: −2.96
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	3	6	5	6	3	3	6	4	2	5
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.08	0.00	0.00
Altman Z-Score Full definition →	—	—	—	—	—	—	—	—	1.02	1.16
P/S ratio Full definition →	0.09	0.15	0.05	0.08	0.11	0.33	0.28	0.34	0.44	0.42
P/FCF ratio Full definition →	0.00	0.00	6.68	2.03	12.98	0.00	0.00	0.00	0.00	30.46
Altman Z″-Score (non-manufacturers) Full definition →	—	—	—	—	—	—	—	—	(2.25)	(1.82)
Beneish M-Score Full definition →	(3.05)	(2.10)	(3.04)	(3.03)	(2.06)	(2.42)	(3.01)	(2.48)	(2.22)	(2.96)
P/Operating CF Full definition →	13.46	(24.58)	1.65	7.51	(116.81)	(73.94)	(25.89)	(187.38)	(538.50)	14.80
P/B ratio Full definition →	1.52	5.38	3.26	29.74	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.66	0.54	0.46	0.43	0.70	0.86	0.70	0.85	0.99	0.95
EV/EBITDA Full definition →	12.45	6.08	6.39	7.18	0.00	0.00	25.00	13.32	509.96	19.30
EV/Operating CF Full definition →	561.26	(77.30)	21.56	7.70	25.28	(61.58)	32.78	(238.93)	(89.02)	36.01
EV/FCF Full definition →	(17.25)	(21.29)	62.83	10.50	84.00	(61.72)	(7.57)	(12.42)	(33.55)	69.29
Quick Ratio Full definition →	0.42	0.94	0.85	0.37	0.50	0.32	0.22	0.26	0.38	0.52
Current Ratio Full definition →	1.29	1.29	1.61	0.91	0.98	0.70	0.61	0.71	0.89	1.02
Net Debt/EBITDA Full definition →	10.78	4.38	5.71	5.80	28.08	42.63	7.90	4.79	11.79	7.36
Debt/Assets Full definition →	73.29%	74.10%	76.86%	65.20%	80.28%	80.13%	74.28%	78.61%	85.04%	89.36%
Debt/Equity Full definition →	9.13	16.62	24.42	56.08	(11.29)	(4.43)	(3.82)	(4.41)	(3.29)	(3.28)
Asset Turnover Full definition →	1.23	1.39	1.46	1.75	1.24	1.60	1.93	1.52	1.52	1.52
Operating CF/Net income Full definition →	(0.01)	0.26	(1.39)	(4.49)	(0.43)	0.17	(0.59)	(0.32)	0.21	(3.22)
Capex/Depreciation Full definition →	(0.74)	(0.39)	(0.38)	(0.40)	(0.37)	0.00	(4.42)	(1.49)	(0.41)	(0.28)
Interest Coverage Full definition →	0.00	0.86	0.79	0.57	(0.57)	(0.57)	0.75	1.21	0.03	0.50
ROE Full definition →	(82.64%)	(65.83%)	(67.92%)	(136.64%)	228.13%	96.83%	36.81%	(9.19%)	36.89%	4.68%
ROA Full definition →	(11.36%)	(3.76%)	(2.26%)	(2.16%)	(7.96%)	(12.95%)	(6.97%)	1.72%	(8.06%)	(1.24%)
ROIC Full definition →	(0.01%)	6.18%	5.07%	3.93%	(3.70%)	(4.17%)	5.62%	10.03%	0.32%	4.64%
Return on Tangible Assets Full definition →	(18.14%)	(7.14%)	(3.99%)	(4.64%)	(16.04%)	(37.35%)	(17.86%)	3.96%	(16.55%)	(2.47%)
Average Days of Receivables Full definition →	21.53	34.34	20.66	19.93	25.81	29.33	20.80	24.99	24.23	20.51
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	5.05%	5.43%	5.17%	5.50%	6.12%	6.48%	4.21%	4.49%	4.80%	4.15%
Intangible Assets out of Total Assets Full definition →	0.11	0.10	0.12	0.13	0.13	0.10	0.08	0.07	0.07	0.06
Share Based Compensation of Revenue Full definition →	0.16%	0.31%	(0.03%)	0.17%	0.24%	1.61%	0.37%	0.35%	0.35%	(0.11%)
Graham Net Nets Full definition →	(6.05)	(2.41)	(7.85)	(4.64)	(5.72)	(1.80)	(1.89)	(1.74)	(1.48)	(1.49)
Graham Number Full definition →	0.00	0.00	0.00	0.00	8.57	18.92	17.57	0.00	22.55	8.61
Earnings Yield Full definition →	(104.75%)	(14.69%)	(31.22%)	(15.07%)	(59.42%)	(24.47%)	(12.48%)	3.83%	(11.99%)	(1.96%)
Free Cash Flow Yield Full definition →	(43.29%)	(16.87%)	14.98%	49.29%	7.70%	(4.21%)	(33.57%)	(20.40%)	(6.72%)	3.28%
Revenue per Share Full definition →	45.10	48.50	44.87	44.14	28.94	39.86	59.07	52.21	50.39	47.68
Operating CF per Share Full definition →	0.05	(0.34)	0.96	2.45	0.80	(0.56)	1.27	(0.19)	(0.56)	1.26
Capex per Share Full definition →	(1.78)	(0.90)	(0.63)	(0.65)	(0.56)	0.00	(6.76)	(3.39)	(0.92)	(0.60)
Free Cash Flow per Share Full definition →	(1.73)	(1.24)	0.33	1.80	0.24	(0.56)	(5.49)	(3.58)	(1.48)	0.65
Cash per Share Full definition →	0.05	6.63	2.00	0.24	1.40	0.48	0.44	0.10	0.55	2.36
Shareholders Equity per Share Full definition →	2.84	1.55	0.84	0.28	(1.64)	(4.88)	(6.72)	(6.12)	(8.56)	(8.44)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	2.84	1.55	0.84	0.28	(1.64)	(4.88)	(6.72)	(6.12)	(8.56)	(8.44)
Free Cash Flow Full definition →	(133.40)	(96.20)	25.80	140.70	18.90	(43.90)	(435.40)	(286.70)	(123.10)	56.60
Working Capital Full definition →	142.70	265.80	254.90	(52.90)	(9.60)	(267.20)	(531.30)	(318.00)	(97.60)	17.10
Capital Expenditures Full definition →	(137.50)	(69.70)	(49.40)	(51.20)	(43.90)	0.10	(536.00)	(271.80)	(76.70)	(52.30)
Net Current Asset Value Full definition →	(1,865.60)	(1,377.40)	(1,351.80)	(1,324.10)	(1,402.00)	(1,880.40)	(2,454.70)	(2,446.90)	(2,704.10)	(2,563.80)
EV/EBIT Full definition →	0.00	12.96	13.19	19.37	0.00	0.00	25.00	13.32	509.97	36.08
Capex to Sales Full definition →	0.04	0.02	0.01	0.01	0.02	0.00	0.11	0.07	0.02	0.01
Price to Operating Income Full definition →	0.00	3.61	1.40	3.74	0.00	0.00	9.83	5.26	226.04	15.86
Other line items
Depreciation/Fixed assets Full definition →	0.11	0.15	0.12	0.13	0.13	0.13	0.08	0.12	0.13	0.14
Cash ROIC Full definition →	(6.01%)	(3.66%)	1.41%	11.24%	1.32%	(3.23%)	(28.31%)	(17.06%)	(7.33%)	3.02%
Accounts Receivable Turnover Full definition →	16.72	13.47	12.67	17.87	13.00	15.23	18.02	15.11	14.85	16.20
Accounts Payable Turnover Full definition →	10.42	11.70	12.68	13.93	10.59	12.51	11.67	9.76	12.32	12.92
Inventory Turnover Full definition →	8.32	9.72	10.23	10.41	7.92	10.34	10.52	7.96	9.25	9.71
Average Days of Payables Full definition →	32.61	31.55	23.92	28.00	30.17	36.56	37.22	31.52	29.58	26.40
Days of Inventory on Hand Full definition →	42.29	35.14	33.88	35.59	42.89	39.67	41.91	43.01	38.38	36.13
Average Receivables Full definition →	207.80	279.50	276.05	193.25	174.45	206.70	260.05	276.65	282.15	255.30
Average Payables Full definition →	296.25	279.10	241.45	215.40	204.75	240.15	371.50	382.00	321.40	301.15
Average Inventory Full definition →	371.10	336.10	299.25	288.35	273.75	290.75	412.15	468.55	427.85	400.75
Average Assets Full definition →	2,834.95	2,707.00	2,388.15	1,972.65	1,833.05	1,968.10	2,434.45	2,746.15	2,754.75	2,723.55
Average Common Equity Full definition →	389.65	154.50	79.50	31.25	(64.00)	(263.25)	(461.25)	(512.60)	(601.75)	(722.30)

Fold the line items

Columns are period end dates

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