Calumet, Inc. /De - Understand $clmt stock

$CLMT Market Cap: $1.935 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.217B

TTM

Gross Margin

4.03%

TTM

Net Earnings

-$243.4M

TTM

Current Assets

$789.8M

Q3 2024

Current Liabilities

$1.254B

Q3 2024

Current Ratio

62.96%

Q3 2024

Total Assets

$2.640B

Q3 2024

Total Liabilities

$3.067B

Q3 2024

Book Value

-$426.6M

Q3 2024

Cash

$34.60M

Q3 2024

P/E

-7.948

Nov 29, 2024 EST

Free Cash Flow

-$133.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$4.181B	$4.687B	$3.148B	$2.268B	$3.453B	$3.498B	$3.764B	$3.474B	$3.930B	$5.791B	$5.421B	$4.657B	$3.135B	$2.191B	$1.847B	$2.489B	$1.638B	$1.641B	$1.289B	$539.6M	$430.4M
YoY Change	-10.79%	48.88%	38.79%	-34.3%	-1.28%	-7.08%	8.33%	-11.6%	-32.13%	6.82%	16.41%	48.56%	43.09%	18.64%	-25.81%	51.97%	-0.2%	27.3%	138.9%	25.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$4.181B	$4.687B	$3.148B	$2.268B	$3.453B	$3.498B	$3.764B	$3.474B	$3.930B	$5.791B	$5.421B	$4.657B	$3.135B	$2.191B	$1.847B	$2.489B	$1.638B	$1.641B	$1.289B	$539.6M	$430.4M
Cost Of Revenue	$3.729B	$4.336B	$3.005B	$2.058B	$3.001B	$3.061B	$3.266B	$3.088B	$3.394B	$5.261B	$5.011B	$4.144B	$2.861B	$1.992B	$1.674B	$2.235B	$1.457B	$1.436B	$1.147B	$501.3M	$385.9M
Gross Profit	$451.7M	$350.8M	$142.9M	$210.1M	$451.7M	$436.7M	$498.2M	$386.3M	$536.4M	$529.7M	$410.0M	$513.2M	$274.1M	$198.7M	$173.1M	$253.9M	$181.4M	$204.9M	$142.0M	$38.30M	$44.50M
Gross Profit Margin	10.8%	7.49%	4.54%	9.26%	13.08%	12.49%	13.24%	11.12%	13.65%	9.15%	7.56%	11.02%	8.74%	9.07%	9.37%	10.2%	11.08%	12.49%	11.02%	7.1%	10.34%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$209.4M	$208.6M	$216.4M	$259.7M	$333.2M	$336.0M	$365.6M	$349.2M	$368.4M	$432.7M	$301.6M	$219.4M	$142.0M	$125.3M	$104.4M	$123.6M	$77.30M	$80.90M	$71.50M	$49.40M	$40.00M
YoY Change	0.38%	-3.6%	-16.67%	-22.06%	-0.83%	-8.1%	4.7%	-5.21%	-14.86%	43.47%	37.47%	54.51%	13.33%	20.02%	-15.53%	59.9%	-4.45%	13.15%	44.74%	23.5%
% of Gross Profit	46.36%	59.46%	151.43%	123.61%	73.77%	76.94%	73.38%	90.4%	68.68%	81.69%	73.56%	42.75%	51.81%	63.06%	60.31%	48.68%	42.61%	39.48%	50.35%	128.98%	89.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$146.8M	$98.30M	$107.7M	$105.1M	$110.1M	$118.1M	$154.8M	$152.0M	$122.6M	$138.6M	$117.8M	$91.70M	$63.00M	$60.30M	$61.70M	$59.30M	$14.60M	$11.80M	$10.40M	$6.900M	$6.800M
YoY Change	49.34%	-8.73%	2.47%	-4.54%	-6.77%	-23.71%	1.84%	23.98%	-11.54%	17.66%	28.46%	45.56%	4.48%	-2.27%	4.05%	306.16%	23.73%	13.46%	50.72%	1.47%
% of Gross Profit	32.5%	28.02%	75.37%	50.02%	24.37%	27.04%	31.07%	39.35%	22.86%	26.17%	28.73%	17.87%	22.98%	30.35%	35.64%	23.36%	8.05%	5.76%	7.32%	18.02%	15.28%
Operating Expenses	$181.0M	$216.7M	$224.6M	$276.2M	$329.7M	$318.6M	$368.9M	$350.9M	$379.2M	$446.9M	$318.4M	$227.3M	$148.8M	$127.3M	$105.7M	$125.2M	$80.10M	$81.80M	$72.40M	$50.20M	$40.90M
YoY Change	-16.47%	-3.52%	-18.68%	-16.23%	3.48%	-13.64%	5.13%	-7.46%	-15.15%	40.36%	40.08%	52.76%	16.89%	20.44%	-15.58%	56.3%	-2.08%	12.98%	44.22%	22.74%
Operating Profit	$270.7M	$134.1M	-$81.70M	-$66.10M	$122.0M	$118.1M	$129.3M	$35.40M	$157.2M	$82.80M	$91.60M	$285.9M	$125.3M	$71.40M	$67.40M	$128.7M	$101.3M	$123.1M	$69.60M	-$11.90M	$3.600M
YoY Change	101.86%	-264.14%	23.6%	-154.18%	3.3%	-8.66%	265.25%	-77.48%	89.86%	-9.61%	-67.96%	128.17%	75.49%	5.93%	-47.63%	27.05%	-17.71%	76.87%	-684.87%	-430.56%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$211.8M	-$257.6M	-$172.8M	-$73.50M	-$125.6M	-$121.7M	-$192.7M	-$165.8M	-$136.3M	-$67.60M	-$75.80M	-$79.90M	-$67.00M	-$54.00M	-$1.300M	-$88.90M	-$16.60M	-$24.10M	-$47.50M	$21.10M	-$9.600M
YoY Change	-17.78%	49.07%	135.1%	-41.48%	3.2%	-36.84%	16.22%	21.64%	101.63%	-10.82%	-5.13%	19.25%	24.07%	4053.85%	-98.54%	435.54%	-31.12%	-49.26%	-325.12%	-319.79%
% of Operating Profit	-78.24%	-192.1%			-102.95%	-103.05%	-149.03%	-468.36%	-86.7%	-81.64%	-82.75%	-27.95%	-53.47%	-75.63%	-1.93%	-69.08%	-16.39%	-19.58%	-68.25%		-266.67%
Other Income/Expense, Net	$200.0K	-$2.800M	-$200.0K	-$2.500M	$3.400M	$10.80M	$3.300M	$1.200M	$1.600M	-$2.300M	$2.700M	$500.0K	$800.0K	-$200.0K	-$4.100M	$0.00	-$900.0K	-$300.0K	$0.00	$100.0K	$0.00
YoY Change	-107.14%	1300.0%	-92.0%	-173.53%	-68.52%	227.27%	175.0%	-25.0%	-169.57%	-185.19%	440.0%	-37.5%	-500.0%	-95.12%		-100.0%	200.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$49.70M	-$168.4M	-$258.6M	-$147.9M	-$43.10M	-$50.30M	-$31.40M	-$296.6M	-$85.20M	-$113.0M	$3.900M	$206.5M	$44.00M	$17.30M	$61.90M	$44.70M	$83.40M	$95.80M	$12.90M	$9.000M	-$5.400M
YoY Change	-129.51%	-34.88%	74.85%	243.16%	-14.31%	60.19%	-89.41%	248.12%	-24.6%	-2997.44%	-98.11%	369.32%	154.34%	-72.05%	38.48%	-46.4%	-12.94%	642.64%	43.33%	-266.67%
Income Tax	$1.600M	$3.400M	$1.500M	$1.100M	$500.0K	$700.0K	-$100.0K	$200.0K	$200.0K	-$800.0K	$400.0K	$800.0K	$1.000M	$600.0K	$200.0K	$300.0K	$500.0K	$200.0K	$0.00	$0.00	$0.00
% Of Pretax Income	3.22%										10.26%	0.39%	2.27%	3.47%	0.32%	0.67%	0.6%	0.21%	0.0%	0.0%
Net Earnings	$47.10M	-$161.8M	-$254.9M	-$146.0M	-$42.70M	-$54.00M	-$101.7M	-$322.0M	-$153.4M	-$125.4M	-$11.50M	$195.0M	$41.90M	$16.40M	$60.50M	$43.50M	$77.80M	$75.80M	$12.90M	$8.100M	-$4.900M
YoY Change	-129.11%	-36.52%	74.59%	241.92%	-20.93%	-46.9%	-68.42%	109.91%	22.33%	990.43%	-105.9%	365.39%	155.49%	-72.89%	39.08%	-44.09%	2.64%	487.6%	59.26%	-265.31%
Net Earnings / Revenue	1.13%	-3.45%	-8.1%	-6.44%	-1.24%	-1.54%	-2.7%	-9.27%	-3.9%	-2.17%	-0.21%	4.19%	1.34%	0.75%	3.28%	1.75%	4.75%	4.62%	1.0%	1.5%	-1.14%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.59	-$2.04	-$3.23	-$1.86	-$0.55	-$0.69	-$1.31	-$4.18	-$2.04	-$1.80	-$0.17	$3.50	$0.98	$0.46	$1.87	$1.35	$2.61	$2.74	$0.47	$0.29	-$0.18

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$7.900M	$35.20M	$38.10M	$109.4M	$19.10M	$155.7M	$164.3M	$4.200M	$5.600M	$8.500M	$121.1M	$32.20M	$100.0K	$0.00	$0.00	$0.00	$0.00	$81.00M	$12.20M	$18.10M
YoY Change	-77.56%	-7.61%	-65.17%	472.77%	-87.73%	-5.23%	3811.9%	-25.0%	-34.12%	-92.98%	276.09%	32100.0%					-100.0%	563.93%	-32.6%
Cash & Equivalents	$7.900M	$35.20M	$38.10M	$109.4M	$19.10M	$155.7M	$164.3M	$4.200M	$5.600M	$8.500M	$121.1M	$32.20M	$100.0K	$0.00	$0.00	$0.00	$0.00	$81.00M	$12.20M	$18.10M
Short-Term Investments
Other Short-Term Assets	$61.20M	$19.20M	$14.90M	$10.20M	$11.90M	$32.20M	$358.7M	$74.00M	$8.300M	$32.40M	$22.60M	$21.30M	$68.80M	$4.000M	$39.60M	$77.00M	$7.600M	$44.30M	$23.00M	$24.50M
YoY Change	218.75%	28.86%	46.08%	-14.29%	-63.04%	-91.02%	384.73%	791.57%	-74.38%	43.36%	6.1%	-69.04%	1620.0%	-89.9%	-48.57%	913.16%	-82.84%	92.61%	-6.12%
Inventory	$439.4M	$498.0M	$326.6M	$254.9M	$292.6M	$284.1M	$314.4M	$357.8M	$384.4M	$513.5M	$567.4M	$553.6M	$497.7M	$147.1M	$137.3M	$118.5M	$107.7M	$111.0M	$108.4M	$83.00M
Prepaid Expenses
Receivables	$252.4M	$245.7M	$216.8M	$152.4M	$175.0M	$177.7M	$265.4M	$182.7M	$195.3M	$326.0M	$250.3M	$219.3M	$208.9M	$157.2M	$116.9M	$104.0M	$109.5M	$97.70M	$109.8M	$53.80M
Other Receivables	$33.80M	$22.30M	$36.20M	$8.000M	$13.50M	$20.30M	$88.70M	$22.20M	$15.40M	$23.80M	$13.00M	$7.500M	$3.200M	$800.0K	$5.900M	$5.600M	$4.500M	$1.300M	$5.500M	$4.900M
Total Short-Term Assets	$794.7M	$820.4M	$632.6M	$534.9M	$512.1M	$670.0M	$1.192B	$640.9M	$609.0M	$904.2M	$974.4M	$833.9M	$778.6M	$309.1M	$299.6M	$305.2M	$229.3M	$335.2M	$258.9M	$184.2M
YoY Change	-3.13%	29.69%	18.27%	4.45%	-23.57%	-43.77%	85.91%	5.24%	-32.65%	-7.2%	16.85%	7.1%	151.89%	3.17%	-1.83%	33.1%	-31.59%	29.47%	40.55%
Property, Plant & Equipment	$1.621B	$1.590B	$1.107B	$1.006B	$1.067B	$1.098B	$1.159B	$1.632B	$1.719B	$1.464B	$1.160B	$986.9M	$842.1M	$612.4M	$629.3M	$659.7M	$442.9M	$191.7M	$127.8M	$126.6M
YoY Change	1.96%	43.53%	10.12%	-5.72%	-2.87%	-5.27%	-28.99%	-5.05%	17.4%	26.2%	17.58%	17.2%	37.51%	-2.69%	-4.61%	48.95%	131.04%	50.0%	0.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments					$0.00	$25.40M	$35.00M	$9.600M	$126.0M	$137.3M	$33.40M	$1.900M
YoY Change					-100.0%	-27.43%	264.58%	-92.38%	-8.23%	311.08%	1657.89%
Other Assets	$134.4M	$122.6M	$169.1M	$37.20M	$36.50M	$34.60M	$23.80M	$131.6M	$64.40M	$75.90M	$100.0M	$46.20M	$40.30M	$17.10M	$16.50M	$18.40M	$4.200M	$3.700M	$13.00M	$7.400M
YoY Change	9.62%	-27.5%	354.57%	1.92%	5.49%	45.38%	-81.91%	104.35%	-15.15%	-24.1%	116.45%	14.64%	135.67%	3.64%	-10.33%	338.1%	13.51%	-71.54%	75.68%
Total Long-Term Assets	$1.957B	$1.921B	$1.495B	$1.273B	$1.346B	$1.418B	$1.497B	$2.084B	$2.336B	$2.181B	$1.714B	$1.419B	$953.5M	$707.6M	$732.3M	$775.9M	$449.6M	$196.5M	$140.8M	$134.0M
YoY Change	1.83%	28.5%	17.43%	-5.37%	-5.07%	-5.33%	-28.16%	-10.76%	7.1%	27.26%	20.76%	48.83%	34.75%	-3.37%	-5.62%	72.58%	128.8%	39.56%	5.07%
Total Assets	$2.751B	$2.742B	$2.128B	$1.808B	$1.858B	$2.088B	$2.689B	$2.725B	$2.945B	$3.085B	$2.688B	$2.253B	$1.732B	$1.017B	$1.032B	$1.081B	$678.9M	$531.7M	$399.7M	$318.2M
YoY Change
Accounts Payable	$322.0M	$442.4M	$301.0M	$179.3M	$230.2M	$200.6M	$282.3M	$275.9M	$316.6M	$419.9M	$355.8M	$332.6M	$302.8M	$174.7M	$110.0M	$93.90M	$168.0M	$78.80M	$44.80M	$58.00M
YoY Change	-27.22%	46.98%	67.88%	-22.11%	14.76%	-28.94%	2.32%	-12.86%	-24.6%	18.02%	6.98%	9.84%	73.33%	58.82%	17.15%	-44.11%	113.2%	75.89%	-22.76%
Accrued Expenses	$224.9M	$198.3M	$186.5M	$100.7M	$128.3M	$56.40M	$88.40M	$63.60M	$64.00M	$59.50M	$36.50M	$43.60M	$24.00M	$7.600M	$6.500M	$6.900M	$2.700M	$5.700M	$13.30M	$6.800M
YoY Change	13.41%	6.33%	85.2%	-21.51%	127.48%	-36.2%	38.99%	-0.63%	7.56%	63.01%	-16.28%	81.67%	215.79%	16.92%	-5.8%	155.56%	-52.63%	-57.14%	95.59%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$73.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change								-100.0%
Long-Term Debt Due	$333.0M	$419.3M	$7.400M	$2.900M	$1.800M	$3.800M	$354.1M	$3.500M	$1.700M	$600.0K	$400.0K	$800.0K	$600.0K	$4.800M	$5.000M	$4.800M	$900.0K	$500.0K	$500.0K	$19.80M
YoY Change	-20.58%	5566.22%	155.17%	61.11%	-52.63%	-98.93%	10017.14%	105.88%	183.33%	50.0%	-50.0%	33.33%	-87.5%	-4.0%	4.17%	433.33%	80.0%	0.0%	-97.47%
Total Short-Term Liabilities	$1.113B	$1.352B	$899.8M	$544.5M	$565.0M	$415.1M	$925.7M	$498.2M	$626.6M	$543.5M	$500.4M	$475.4M	$388.6M	$243.7M	$139.9M	$137.9M	$240.3M	$97.40M	$93.20M	$89.40M
YoY Change	-17.71%	50.27%	65.25%	-3.63%	36.11%	-55.16%	85.81%	-20.49%	15.29%	8.61%	5.26%	22.34%	59.46%	74.2%	1.45%	-42.61%	146.71%	4.51%	4.25%
Long-Term Debt	$1.830B	$1.617B	$1.498B	$1.319B	$1.210B	$1.601B	$1.638B	$1.994B	$1.698B	$1.678B	$1.110B	$862.7M	$586.5M	$364.4M	$396.0M	$460.3M	$38.90M	$49.00M	$267.5M	$194.3M
YoY Change	13.14%	7.99%	13.51%	9.09%	-24.44%	-2.29%	-17.83%	17.4%	1.19%	51.13%	28.71%	47.09%	60.95%	-7.98%	-13.97%	1083.29%	-20.61%	-81.68%	37.67%
Other Long-Term Liabilities	$53.60M	$60.20M	$115.6M	$73.00M	$61.70M	$6.000M	$5.000M	$14.60M	$13.90M	$20.90M	$12.80M	$25.10M	$28.00M	$10.30M	$10.50M	$9.700M	$0.00
YoY Change	-10.96%	-47.92%	58.36%	18.31%	928.33%	20.0%	-65.75%	5.04%	-33.49%	63.28%	-49.0%	-10.36%	171.84%	-1.9%	8.25%
Total Long-Term Liabilities	$1.883B	$1.677B	$1.613B	$1.392B	$1.271B	$1.607B	$1.643B	$2.008B	$1.712B	$1.699B	$1.123B	$887.8M	$614.5M	$374.7M	$406.5M	$470.0M	$38.90M	$49.00M	$267.5M	$194.3M
YoY Change	12.27%	3.98%	15.86%	9.53%	-20.88%	-2.22%	-18.18%	17.3%	0.77%	51.27%	26.51%	44.48%	64.0%	-7.82%	-13.51%	1108.23%	-20.61%	-81.68%	37.67%
Total Liabilities	$3.242B	$3.280B	$2.513B	$1.937B	$1.836B	$2.022B	$2.569B	$2.507B	$2.341B	$2.275B	$1.625B	$1.363B	$1.003B	$618.4M	$546.5M	$607.9M	$279.2M	$146.4M	$360.7M	$283.7M
YoY Change	-1.16%	30.5%	29.74%	5.48%	-9.18%	-21.3%	2.49%	7.08%	2.9%	39.97%	19.23%	35.89%	62.23%	13.16%	-10.1%	117.73%	90.71%	-59.41%	27.14%

Ownership

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Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.9346 Billion

About Calumet, Inc. /DE

Calumet Inc is a US-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Indianapolis, Indiana and currently employs 1,580 full-time employees. The company went IPO on 2006-01-26. Calumet, Inc. is engaged in manufacturing, formulating, and marketing a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. The Company’s division includes Specialty Products and Solutions, Performance Brands and Montana Renewables. The Specialty Products and Solutions division manufactures specialty oils, base oils, solvents, waxes, and esters. Its specialty oils brands include DRAKEOL, HYPERTECH, PAROL, PENPURE, Penreco, and petrolatums. Its base oils brands include CALICE, CALPAR, CALPRO, CALSOL, CALTAC, CALTRAN, CALVIS, and DFO. Its solvents include CALSIA, CALTANE, CALPRINT, CONOSOL, DRAKESOL, and MAGIESOL. Its waxe brands include CALUMET WAX and TitanWax. Its Performance Brands division formulates, blends and packages premium finished lubricants, chemicals, and engineered fuel products. Its performance brands include BEL-RAY, ROYAL PURPLE, and TRUFUEL. Montana Renewables manufactures sustainable aviation fuel (SAF).

Industry: Petroleum Refining Peers: OPAL Fuels Inc. Clean Energy Fuels Corp. CVR ENERGY INC Delek US Holdings, Inc. PAR PACIFIC HOLDINGS, INC. Green Plains Inc. WORLD KINECT CORP Marathon Petroleum Corp REX AMERICAN RESOURCES Corp