Calumet, Inc. /DE
Company Stats
- Market Cap
- $4.6B
- as of Sep 30, 2026
- Enterprise Value
- $6.7B
- Shares Outstanding
- 87.9M
- Free Float
- 80.4%
Income Statement
- Revenue
- $4.1B
- Operating Income
- $108.7M
- Net Income
- -$33.8M
- EBITDA
- $257.5M
- Revenue Growth, 3Y
- -4.1%
- FCF Margin, 3Y Avg
- -2.8%
- FCF Margin, Worst Year
- -6.9%
Cash Flow
- Free Cash Flow
- $56.6M
- FCF Yield
- 1.2%
- Owner FCF Yield
- 1.1%
Balance Sheet
- Cash & Equivalents
- $125.1M
- Total Debt
- $2.3B
- Net Debt
- $2.1B
- Net Debt / EBITDA
- 8.32x
- EV / EBITDA
- 26.20x
- Net Debt / EBIT
- 19.71x
Returns & Capital
- SBC, 3Y Avg
- $11.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $4.1B | $56.6M | 1.4% |
| FY2024 | $4.2B | -$123.1M | -2.9% |
| FY2023 | $4.2B | -$286.7M | -6.9% |
| FY2022 | $4.7B | -$435.6M | -9.3% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Energy Earnings: Demand Runs Hot, Capex Stays Disciplined