Calumet, Inc.
calumet.comHow Do They Make Money?
Sources
-
10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment ↗
Revenue, FY2025
$4.1B
Sources
-
10-K for FY2025, filed Feb 27, 2026
$4.1B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Specialty Products and Solutions
|
64%
FY2022: 75%
|
Specialty Products and Solutions, FY2025
$2.7B Sources
|
|
Montana/Renewables
|
29%
FY2022: 19%
|
Montana/Renewables, FY2025
$1.2B Sources
|
|
Performance Brands
|
7.5%
FY2022: 6.5%
|
Performance Brands, FY2025
$311.5M Sources
|
Do Revenues Turn Into Profits?
Not on paper. It lost $33.8M in FY2025, but brought in more cash than it spent: $56.6M of free cash flow.
Operating income, FY2025
Sources
10-K for FY2025, filed Feb 27, 2026
$108.7MView ↗
▲ +1242%
vs FY2024 ($8.1M, 0%)
Net income, FY2025
Sources
10-K for FY2025, filed Feb 27, 2026
−$33.8MView ↗
▼ −85% (Loss)
vs FY2024 (−$222M, −5%)
Free cash flow, FY2025
Sources
10-K for FY2025, filed Feb 27, 2026
$56.6MView ↗
▲ Now profitable
vs FY2024 (−$123.1M, −3%)
How Are They Changing?
Since the FY2025 annual report
Revenue over time
Specialty Products and Solutions
Montana/Renewables
Performance Brands
Corporate
$5B$2.5B$0
$3.5B
$874.9M
$2.9B
$993.8M
$2.8B
$1.1B
$2.7B
$1.2B
100%50%0%
75%
19%
69%
24%
67%
25%
64%
29%
Loading...
Comments
