What is Calumet, Inc.'s return on invested capital?

Calumet, Inc. (CLMT) reported return on invested capital of 0.9% in Q1 2026.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

Calumet, Inc. CLMT Return on invested capital

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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

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Return on equity19.8%—

Debt / equity-2.2×—

Current ratio1×-0.1×

Where this comes from

Calculated from Calumet, Inc.’s reported figures.

nopat/invested capital=0.9%

Based on trailing twelve months.

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 return on invested capital?: Calumet, Inc. (CLMT) reported return on invested capital of 0.9% in Q1 2026.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.