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Companies / Energy / Calumet, Inc.
CLMT

Calumet, Inc.

EnergyPetroleum Refining
Ticker CLMTINDIANAPOLIS, INFiscal year ends DecemberBook value per share $-9.95Diluted shares 87.5M

Calumet, Inc. (Nasdaq: CLMT) manufactures, formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets. Its products include lubricating oils, solvents, waxes, white oils, petrolatums, asphalt, conventional fuels and renewable diesel, sustainable aviation fuel and… From the company’s description.

Over the twelve months to Sep 30, 2026, Calumet, Inc. reported revenue of $5.20B, up 28.4% from a year earlier, and a net loss of $176.90M. Its operating margin was 3.4%, and operations generated $341.10M in cash. In fiscal 2025, it reported revenue of $4.14B, down 1.2% from fiscal 2024, and a net loss of $33.80M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.14BFY2025
−1.2% year over year
Last 12 mo $5.20B
2.63%FY2025
+2.4 percentage points
Last 12 mo 3.43%
$-33.80MFY2025
+84.8% year over year
Last 12 mo $-176.90M
4.61%FY2025
−26.6 percentage points
Last 12 mo 22.26%
Cash & financing
$108.90MFY2025
+334.7% year over year
Last 12 mo $341.10M
$56.60MFY2025
+146.0% year over year
Last 12 mo $265.10M
-3.05FY2025
Was -2.95× a year earlier
Last 12 mo -2.49
86.8MFY2025
+4.3% year over year
Last 12 mo 87.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Calumet, Inc. does

In the company’s own words

Calumet, Inc. (Nasdaq: CLMT) manufactures, formulates and markets specialty branded products and renewable fuels for consumer-facing and industrial markets. Its products include lubricating oils, solvents, waxes, white oils, petrolatums, asphalt, conventional fuels and renewable diesel, sustainable aviation fuel and renewable naphtha. Calumet serves domestic and international customers, including manufacturers that use its specialty products as raw materials, as well as retail, commercial and industrial buyers of packaged products. Its reportable segments are Specialty Products and Solutions, Performance Brands, Montana/Renewables and Corporate. In 2025, these segments generated 63.7%, 7.5%, 28.8% and no separately stated product sales, respectively, of consolidated sales; Corporate primarily comprises unallocated general and administrative expenses. Performance Brands includes Royal Purple, Bel-Ray and TruFuel. The company operates 12 facilities across North America and sold more than 1,900 specialty and fuel products to approximately 2,400 customers in 2025. Consolidated sales were $4.1 billion for fiscal 2025. In 2024, Calumet converted from a publicly traded partnership to a corporation, and its Montana operations include separate conventional asphalt and renewable fuels facilities.

Company details
Sector
Energy
Industry (SIC)
Petroleum Refining
Headquarters
INDIANAPOLIS, IN
Fiscal year end
December
CIK
2013745
SIC
2911

Financial performance, year by year

Fiscal 2024–2025 · USD
$-763.83M$861.66M$2.49B$4.11B$5.74B20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Calumet, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

156
funds hold it
0 of 35
superinvestors hold it
$473.25M
held by funds, at market
15.2%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Calumet, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
2.24%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.03%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Calumet, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Calumet, Inc.’s debt, $10.13M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 9.40%, maturing 2028 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Calumet, Inc. and its peers compare on margins and cash generation over ten years?”
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