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Calumet, Inc. CLMT Montana Renewables — Goodwill

Other segment segments

Performance Brands
$91.2M-26.3%
Specialty Products And Solutions
$49.3M0.0%
Corporate
$0

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Other financials

Income statement

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Revenue$1.4B+40.8%
Gross profit$18.3M+142%
Operating income-$40.0M+60.4%
Net income-$95.9M+35.2%
EPS (diluted)-$1.09+35.9%

Balance sheet

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Cash & equivalents$149.8M-21.4%
Total debt$2.3B-10.8%
Total equity-$1.1B-12.6%
Total assets$2.8B+1.0%

Cash flow

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Operating cash flow$92.3M+5,228%
CapEx$38.3M+182%
Free cash flow-$99.4M-112%

Valuation

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Market cap$3.65B+177%
Enterprise value$5.79B+56.7%
P/S0.8×+0.5×

Profitability

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Gross margin6.6%+5.9pp
Operating margin4.8%
Net margin-3%-1.3pp
FCF margin0.1%

Returns & leverage

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Return on equity12.7%
Debt / equity-2×
Current ratio0.8×+0.1×

Where this comes from

Reported directly by Calumet, Inc. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Calumet, Inc.’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 4:02 PM EST
Fiscal year
FY2025
Accession
0002013745-26-000007

For the years ended December 31, 2025 and 2024, the Company performed its annual goodwill assessment for each of the years then ended, and determined that the fair value of each of its reporting units with goodwill exceeded its carrying value. Thus, no impairment charge for goodwill related to the Specialty Products and Solutions segment or Performance Brands segment was recorded in the consolidated statements of operations for the years ended December 31, 2025 and 2024, respectively. There is no goodwill within the reporting units for the Montana/Renewables segment or the Corporate segment.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Calumet, Inc.'s montana renewables — goodwill?
Calumet, Inc. (CLMT) reported montana renewables — goodwill of $0 in Q4 2025.
What does montana renewables — goodwill mean?
The intangible asset value recorded when the segment was acquired for a price exceeding the fair market value of its identifiable net assets. It represents the premium paid for brand reputation, customer relationships, and expected future synergies. Changes in this balance often reflect impairment charges, indicating a decline in the segment's long-term economic outlook.

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