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Calumet, Inc.

CLMT

Calumet is a diversified manufacturer and marketer of specialty branded products and renewable fuels, serving a wide array of consumer-facing and industrial markets.

Market cap
$3.6B+157%
Revenue$4.2B-0.1%
Net income-$188.8M+44.9%
Free cash flow$4.1M+102%
EPS (diluted)-$2.16+45.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 7, 2026 (In 1 week)
Revenue estimate$1.1B
EPS estimate$0.16

Financials

Q1 2026

Income statement

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Revenue$1.0B+3.6%
Gross profit-$87.5M-7.5%
Operating income-$171.3M-252%
Net income-$317.0M-95.7%
EPS (diluted)-$3.64-94.7%

Balance sheet

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Cash & equivalents$138.6M+12.3%
Total debt$2.3B-9.0%
Total equity-$1.0B-21.0%
Total assets$2.8B-2.4%

Cash flow

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Operating cash flow-$86.2M-194%
CapEx$13.2M-25.0%
Free cash flow-$99.4M-112%

Valuation & ratios

Valuation

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Market cap$3.6B+157%
Enterprise value$5.79B+47.9%
P/S0.9×+0.5×

Profitability

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Gross margin5.8%+4.1pp
Net margin-4.5%-1.4pp
FCF margin0.1%

Returns & leverage

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Current ratio-0.1×

Segments

By product

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Other Specialty Products$365.5M+19.8%
Lubricating Oils$191.8M-5.1%
Renewable Fuels$142.2M-14.1%
Solvents$107.9M+3.1%
Waxes$39.8M+4.2%

By segment

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Specialty Products And Solutions$708.9M+8.2%
Montana Renewables$235.8M-9.9%
Performance Brands$89.0M+8.4%

Competitors

Profile

Calumet is a diversified manufacturer and marketer of specialty branded products and renewable fuels, serving a wide array of consumer-facing and industrial markets. The company operates a network of twelve facilities across North America, focusing on the formulation of high-value specialty lubricants, solvents, and waxes alongside a growing portfolio of sustainable energy solutions. Its core value proposition lies in its ability to process both traditional crude and renewable feedstocks into niche, high-performance products for global distribution.

Competitive position

Calumet is a leading independent producer of specialty hydrocarbon products and a first-mover in the North American sustainable aviation fuel market through its Montana Renewables facility.

GeographiesUnited States, Canada, North America
Customer segmentsIndustrial, Consumer, Commercial Aviation, Infrastructure
Business modelManufacturing, B2B, B2C, Brand Licensing
SuppliersCrude oil producers, Renewable feedstock suppliers (fats, oils, greases), Renewable natural gas providers, Railcar leasing companies
CustomersIndustrial manufacturers, Retail automotive stores, Airlines, Paving and construction companies, Wholesale fuel distributors
Listed2006
Employees1.6K
CEOLouis Todd Borgmann
SectorEnergy
FilingsSEC EDGAR

Questions, answered.

What is Calumet, Inc.'s market cap?
Calumet, Inc. (CLMT) has a market capitalization of $3.6B and trades on NASDAQ.
What is Calumet, Inc.'s revenue and profitability?
Calumet, Inc. generated $4.2B in trailing twelve-month revenue with a net loss of $188.8M, representing a net margin of -4.5%. Gross margin stands at 5.8%, with free cash flow of $4.1M. These figures are based on the Q1 2026 filing.
Who are Calumet, Inc.'s competitors?
Calumet, Inc.'s key competitors include HollyFrontier, Valero Energy Corporation, Chevron Corporation, and others. These companies compete in similar markets and product categories.
Who does Calumet, Inc. partner with?
Calumet, Inc.'s notable partners include The Heritage Group, U.S. Environmental Protection Agency.
What subsidiaries does Calumet, Inc. have?
Calumet, Inc.'s subsidiaries include Montana Renewables, LLC, Calumet Specialty Products Partners, L.P., Royal Purple, and others.
Where is Calumet, Inc. headquartered?
Calumet, Inc. is headquartered in United States of America and employs approximately 1,580 people. It has been publicly traded since 2006.