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Calumet, Inc. /DE

CLMT

$39.47 ▼ -2.40 (-5.73%) at close

5 Visible periods

30 Metrics

Peer-ranked Benchmarks

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Health

Weak

Bullish

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Analytical Summary

Calumet, Inc. /DE shows strong fundamentals with top-quartile Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $3.4B

Dividend Yield —

Revenue Growth -1.2% ↘

Op. Margin 2.6% ↗

ROIC 1.9% ↗

FCF / Share $0.65 ↗

Trailing P/E —

Price / Book —

FCF Yield 1.7%

Debt / Equity -3.05

info Valuation on last close. End-of-day price, Aug 7, 2026.

5-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$4.14B

↓ -1.2% —

Net Income Profit after all expenses

$-33.80M

↑ +84.8% —

Operating Margin Operating profit as % of sales

2.6%

↑ +1258.9% 36th

FCF / Share Free cash flow per share

$0.65

↑ +144.1% —

Long-Term Debt Long-term obligations

$2.23B

↑ +5.4% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Financial Health →

Cash Quality

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue Growth YoY (%)	-1.2% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-125%)	0.2% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-96%)	-10.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-316%)	—	—
EPS Growth YoY (%)	85.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	84.8% Excellent Excellent Year-over-year change in net income	N/M	N/M	—	—
FCF Growth YoY (%)	N/M	58.6% Excellent Excellent Year-over-year change in free cash flow	34.8% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-4.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Operating Margin (%) (%)	2.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	0.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	6.4% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	2.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	—
Effective Tax Rate (%) (%)	73.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-0.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	-5.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-166%)	1.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-3.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	—
FCF Margin (%) (%)	1.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-9.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-1.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.55x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-5.96x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	2.51x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Return on Invested Capital (%)	1.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	19.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	-25.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	4.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	9.7% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	31.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+160%)	-9.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-182%)	32.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+171%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Debt to Equity (x)	-3.05x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-710%)	-2.98x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-695%)	-3.73x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-846%)	—	—
Interest Coverage (x)	0.63x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.03x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.32x Weak Weak Operating income divided by interest expense Optimal: > 5x	0.87x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.11B	$2.08B	$1.82B	$-35.20M	—
Debt / EBITDA (x)	8.67x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	13.48x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.42x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue per Share (USD)	$47.68	$50.39	$52.21	$59.07	—
Basic EPS, GAAP (USD)	$-0.39	$-2.67	—	—	—
Free Cash Flow per Share (USD)	$0.65	$-1.48	$-3.58	$-5.49	—
Book Value per Share (USD)	$-8.44	$-8.28	$-6.12	$-6.72	—
Tangible Book Value per Share (USD)	$-10.16	$-10.55	$-8.64	$-8.90	—
Basic Weighted Avg Shares (shares)	86.76M	83.15M	80.08M	79.34M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Working Capital (USD)	$17.10M	$-97.60M	$-318.00M	—	—
LT Debt (USD)	$2.23B	$2.12B	$1.83B	—	—
Total Equity (USD)	$-732.70M	$-711.90M	$-490.30M	$-533.30M	$-385.10M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Sales/Revenue/Turnover (USD)	$4.14B	$4.19B	$4.18B	$4.69B	—
Depreciation Expense (USD)	$148.80M	$149.00M	$146.80M	$98.30M	—
Net Income, GAAP (USD)	$-33.80M	$-222.00M	$48.10M	$-173.30M	—
Operating Cash Flow (USD)	$108.90M	$-46.40M	$-14.90M	$100.60M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 5 years · 14 quarters

Calumet, Inc. /DE

Analytical Summary

5-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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