InsiderClue
Stocks · Energy · Petroleum Refining

Calumet, Inc. /DE

CLMT Clue Score27
United States Fiscal year ends December CIK 0002013745
$56.42 -2.30% Close, 9 Oct 2026
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Price $56.42 +210.34% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Jul 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue4,686.3Operating income131.9Net income−173.3Fiscal year 2023Revenue4,181.0 −10.8%Operating income267.2Net income48.1Fiscal year 2024Revenue4,189.4 +0.2%Operating income8.1Net income−222.0 −561.5%EPS, diluted−2.67Fiscal year 2025Revenue4,137.1 −1.2%Operating income108.7Net income−33.8EPS, diluted−0.39
FY2022FY2023FY2024FY2025
Revenue 4,686.3 4,181.0 4,189.4 4,137.1
Growth −10.8% +0.2% −1.2%
Operating income 131.9 267.2 8.1 108.7
Net income −173.3 48.1 −222.0 −33.8
Growth −561.5%
EPS, diluted n/a n/a −2.67 −0.39
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin7.5%Operating margin2.8%Net margin−3.7%Free cash flow margin−9.3%Fiscal year 2023Gross margin10.8%Operating margin6.4%Net margin1.2%Free cash flow margin−6.9%Fiscal year 2024Gross margin5.5%Operating margin0.2%Net margin−5.3%Free cash flow margin−2.9%Fiscal year 2025Gross margin5.9%Operating margin2.6%Net margin−0.8%Free cash flow margin1.4%
FY2022FY2023FY2024FY2025
Gross margin 7.5% 10.8% 5.5% 5.9%
Operating margin 2.8% 6.4% 0.2% 2.6%
Net margin −3.7% 1.2% −5.3% −0.8%
Free cash flow margin −9.3% −6.9% −2.9% 1.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow100.6Capital expenditure−536.2Free cash flow−435.6Fiscal year 2023Operating cash flow−14.9Capital expenditure−271.8Free cash flow−286.7Fiscal year 2024Operating cash flow−46.4Capital expenditure−76.7Free cash flow−123.1Fiscal year 2025Operating cash flow108.9Capital expenditure−52.3Free cash flow56.6
FY2022FY2023FY2024FY2025
Operating cash flow 100.6 −14.9 −46.4 108.9
Capital expenditure −536.2 −271.8 −76.7 −52.3
Free cash flow −435.6 −286.7 −123.1 56.6
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash35.2Shareholders’ equity−533.3Fiscal year 2023Cash7.9Total debt1,829.7Net cash (debt)−1,821.8Shareholders’ equity−490.3Fiscal year 2024Cash38.1Total debt2,064.7Net cash (debt)−2,026.6Shareholders’ equity−711.9Fiscal year 2025Cash125.1Total debt2,077.3Net cash (debt)−1,952.2Shareholders’ equity−732.7
FY2022FY2023FY2024FY2025
Cash 35.2 7.9 38.1 125.1
Total debt n/a 1,829.7 2,064.7 2,077.3
Net cash (debt) n/a −1,821.8 −2,026.6 −1,952.2
Shareholders’ equity −533.3 −490.3 −711.9 −732.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
7.5% 10.8% 5.5% 5.9%
2.8% 6.4% 0.2% 2.6%
−3.6% 1.2% −5.3% −3.1%
−3.7% 1.2% −5.3% −0.8%
−9.3% −6.9% −2.9% 1.4%
Spending
3.1% 3.2% 3.5% 3.0%
11.4% 6.5% 1.8% 1.3%
n/a 3.2% n/a n/a
Returns
n/a 1.7% −8.0% −1.3%
Balance and payout
n/a 108.9% 116.9% 118.1%