What is Calumet, Inc.'s net debt?

Calumet, Inc. (CLMT) reported net debt of $2.19B in Q1 2026.

How has Calumet, Inc.'s net debt changed year-over-year?

Calumet, Inc.'s net debt decreased by 10.1% year-over-year, from $2.44B to $2.19B.

What is the long-term trend for Calumet, Inc.'s net debt?

Over 2 years (2023 to 2025), Calumet, Inc.'s net debt has grown at a 8.2% compound annual growth rate (CAGR), from $2B to $2.34B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Calumet, Inc. CLMT Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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Other financials

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

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Market cap$2.86B+185%

Enterprise value$5.06B+50.3%

P/S0.7×+0.4×

Profitability

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Gross margin5.8%+4.1pp

Operating margin4.8%—

Net margin-4.5%-1.4pp

FCF margin0.1%—

Returns & leverage

See full

Return on equity19.8%—

Debt / equity-2.2×—

Current ratio1×-0.1×

Where this comes from

Calculated from Calumet, Inc.’s reported figures.

$2.3Btotal debt−$138.6Mcash and equivalents=$2.19B

The official record: Calumet, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Calumet, Inc.'s net debt?: Calumet, Inc. (CLMT) reported net debt of $2.19B in Q1 2026.
How has Calumet, Inc.'s net debt changed year-over-year?: Calumet, Inc.'s net debt decreased by 10.1% year-over-year, from $2.44B to $2.19B.
What is the long-term trend for Calumet, Inc.'s net debt?: Over 2 years (2023 to 2025), Calumet, Inc.'s net debt has grown at a 8.2% compound annual growth rate (CAGR), from $2B to $2.34B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.