# Calumet, Inc. (CLMT)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Market cap:** $3.03B  
**Price:** $34.92 (+0.78%)

> Calumet, Inc. is a leading manufacturer, formulator, and marketer of a diversified portfolio of specialty branded products serving consumer-facing and industrial markets across North America. The company operates through key divisions including Specialty Products and Solutions, Performance Brands, and Montana Renewables. Specialty Products and Solutions produces high-quality specialty oils such as DRAKEOL, HYPERTECH, PAROL, and PENPURE; base oils like CALICE, CALPAR, and CALVIS; solvents including CALSIA, CALTANE, and DRAKESOL; waxes under CALUMET WAX and TitanWax; and esters. The Performance Brands division focuses on premium finished lubricants, chemicals, and engineered fuels, featuring renowned brands like BEL-RAY, ROYAL PURPLE, and TRUFUEL. Montana Renewables specializes in producing sustainable aviation fuel, contributing to the renewable energy sector with clean and reliable solutions. Calumet, Inc. plays a vital role in the oil and gas refining and marketing industry, particularly in petroleum refining, by delivering innovative products tailored to customer needs in energy, transportation, and manufacturing sectors. Incorporated in 1919 and headquartered in Indianapolis, Indiana, the company emphasizes partnerships to provide customized solutions for complex industrial challenges.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.14B | $246M | $109M | -$34M | — |
| 2024 | $4.19B | $231M | $8M | -$222M | — |
| 2023 | $4.18B | $452M | $267M | $48M | — |
| 2022 | $4.69B | $352M | $132M | -$173M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.69B | $3.18B | -$733M | $125M | $2.23B |
| 2024 | $2.76B | $3.22B | -$712M | $38M | $2.12B |
| 2023 | $2.75B | $3.00B | -$490M | $8M | $1.83B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $109M | $52M | $57M |
| 2024 | -$46M | $77M | -$123M |
| 2023 | -$15M | $272M | -$287M |
| 2022 | $101M | $536M | -$436M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CLMT)