Calumet Inc.
CLMT · Price history
Price at last available close
$50.48
−$2.13 (-4.04%) 1M
2026-10-28
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Company & revenue
About Calumet Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Calumet, Inc. engages in the manufacturing, formulation, and sale of specialty branded products and renewable fuel. It operates through the following segments: Specialty Products and Solutions, Montana/Renewables, Performance Brands, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulation businesses.
How they make money
Calumet manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels. The company generates revenue by selling these products to customers in various consumer-facing and industrial markets, leveraging an integrated specialties strategy and commercial excellence programs.
Products & services
Specialty products including solvents, lubricants, and chemical intermediates, as well as renewable fuels and high-performance branded products like Royal Purple, Bel-Ray, and TruFuel.
Brands & revenue mix
High performance product brand.
Separate brand revenue is not available in this research.Source
High performance product brand.
Separate brand revenue is not available in this research.Source
High performance product brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company reports that its Specialty Products and Solutions segment is characterized by stable customer relationships, but does not disclose specific customer concentration percentages for the 2025 fiscal year.
Suppliers, materials & equipment
- Raw material suppliers — The company relies on various suppliers for raw materials used in its refining and blending processes; specific supplier names are not disclosed.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
20
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
38
Poor
Financial Strength
39
Business Quality / Moat
44
Management
38
Growth Quality
44
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
22
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
28/100
Building Historical Record
Model Score 28/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for CLMT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CLMT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CLMT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is CLMT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for CLMT to reach sustainable profitability?
- •What future growth or profitability would be needed to justify CLMT's current valuation?
Essential Investment Snapshot
Wall Street Score
20
Opportunity Score
22
Market Cap
$4.43B
P/E Ratio
-33.8
EPS
$-1.55
52-Week High
$59.87
52-Week Low
$17.42
Beta
0.72
Analyst Target
$47.00
Shares Outstanding
86.8M
Total Revenue
$4.59B
Total Debt
$2.26B
Dividend
No current dividend
Liquidation Value / Share
$-10.22
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CLMT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Elevated debt risk
Negative shareholder equity • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on CLMT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Fully integrated specialties strategy.
- +Stable customer relationships in specialty products.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Negative shareholder equity.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Operational risks associated with asset portfolio optimization and divestitures.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
20
Sep 14, 2026
Change
+0.1
points
Current Score
20
Oct 1, 2026
Category Changes
CLMT increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
19
Projected Change
-1.2 points
Preliminary comparable-period financial changes suggest decline of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$50.38
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.59B | $4.14B | $4.19B | $4.18B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $4.29B | $3.89B | $3.96B | $3.73B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $301.5M | $245.7M | $230.8M | $451.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $211.7M | $171.7M | $201.2M | $187.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $253.1M | $191.5M | $222.7M | $184.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $24.9M | $238.4M | $164.5M | $418.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $48.4M | $54.2M | $8.1M | $267.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $105.3M | $216.0M | $236.7M | $221.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$272.0M | -$126.4M | -$221.2M | $49.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$135.2M | -$92.6M | $800K | $1.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$136.8M | -$33.8M | -$222.0M | $48.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.55 | $-0.39 | $-2.67 | $0.59 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 87.59M | 86.76M | 83.15M | 80.08M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 87.59M | 86.76M | 83.15M | 80.08M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.45B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$1.09
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-12.0%
Cash Change
-0.7%
Margin Change
+7.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 40.8%. EPS declined 35.9%. Cash declined 0.7%. Total debt declined 12.0%. Net income margin improved by 7.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · CLMT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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