📊 CLMT Key Takeaways
Is Calumet, Inc. /DE (CLMT) a Good Investment?
Calumet faces existential financial distress with negative stockholders' equity of -$1.0B, indicating technical insolvency and balance sheet deterioration. The company exhibits severely negative profitability across all metrics, negative operating cash flow of -$86.2M, and critical liquidity ratios (current ratio 0.96x), signaling high risk of restructuring or bankruptcy.
Calumet's fundamentals show a fragile improvement story: operating income and free cash flow are positive, and diluted EPS improved materially year over year, but profitability remains thin and net income is still negative. The balance sheet is the main concern, with negative stockholders' equity, heavy long-term debt, and only modest liquidity, which limits resilience if refining margins weaken or capital needs rise.
Calumet, Inc. /DE Key Strengths (CLMT)
- Maintains $138.6M cash reserve providing near-term runway
- Net income loss improved 84.8% YoY from prior period
- Operates in essential petroleum refining sector with structural demand
- Positive operating cash flow and free cash flow indicate the business is currently generating cash
- Operating income remained positive despite a slight year-over-year revenue decline
- EPS improved significantly year over year, suggesting some earnings recovery
CLMT Stock Risks: Calumet, Inc. /DE Investment Risks
- Negative stockholders' equity of -$1.0B indicates balance sheet insolvency
- Severely negative profitability: -8.5% gross margin, -16.6% operating margin, -30.8% net margin
- Negative operating cash flow of -$86.2M with $2.3B debt burden indicates inability to service obligations
- Critical liquidity ratios: current ratio 0.96x and quick ratio 0.58x signal inability to cover liabilities
- Negative free cash flow of -$99.4M indicates unsustainable cash burn
- Negative stockholders' equity and high long-term debt point to a stressed capital structure
- Very thin gross and operating margins leave little buffer against margin compression or volume weakness
- Quick ratio below 1.0 and near-break-even current ratio indicate tight liquidity
Key Metrics to Watch
- Stockholders' equity trend (path to positive from -$1.0B)
- Operating cash flow (must turn positive)
- Current and quick ratios (liquidity sustainability)
- Gross margin improvement (indicates operational turnaround)
- Debt refinancing access and covenant compliance
- Free cash flow consistency relative to debt obligations
- Operating margin and net income trend across future filings
Calumet, Inc. /DE (CLMT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CLMT Profit Margin, ROE & Profitability Analysis
CLMT vs Energy Sector: How Calumet, Inc. /DE Compares
How Calumet, Inc. /DE compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Calumet, Inc. /DE Stock Overvalued? CLMT Valuation Analysis 2026
Based on fundamental analysis, Calumet, Inc. /DE has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Calumet, Inc. /DE Balance Sheet: CLMT Debt, Cash & Liquidity
CLMT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Calumet, Inc. /DE's revenue has declined by 11% over the 5-year period, indicating business contraction. The most recent EPS of $-2.67 indicates the company is currently unprofitable.
CLMT Revenue Growth, EPS Growth & YoY Performance
CLMT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $993.9M | -$162.0M | $-1.87 |
| Q3 2025 | $1.1B | $3.5M | $0.04 |
| Q2 2025 | $1.0B | -$39.1M | $-0.48 |
| Q1 2025 | $993.9M | -$41.6M | $-0.51 |
| Q3 2024 | $1.1B | $96.1M | $-1.18 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Calumet, Inc. /DE Dividends, Buybacks & Capital Allocation
CLMT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Calumet, Inc. /DE (CIK: 0002013745)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Jun 5, 2026 | 4 | xslF345X06/ownership.xml | View → |
| Jun 4, 2026 | 4 | xslF345X06/form4-06042026_100623.xml | View → |
| Jun 4, 2026 | 4 | xslF345X06/form4-06042026_080603.xml | View → |
| Jun 4, 2026 | 4 | xslF345X06/form4-06042026_080629.xml | View → |
| Jun 4, 2026 | 4 | xslF345X06/form4-06042026_080624.xml | View → |
❓ Frequently Asked Questions about CLMT
What is the AI rating for CLMT?
Calumet, Inc. /DE (CLMT) has a Combined AI Grade of C from Claude (D) and ChatGPT (C) with 88% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CLMT's key strengths?
Claude: Maintains $138.6M cash reserve providing near-term runway. Net income loss improved 84.8% YoY from prior period. ChatGPT: Positive operating cash flow and free cash flow indicate the business is currently generating cash. Operating income remained positive despite a slight year-over-year revenue decline.
What are the risks of investing in CLMT?
Claude: Negative stockholders' equity of -$1.0B indicates balance sheet insolvency. Severely negative profitability: -8.5% gross margin, -16.6% operating margin, -30.8% net margin. ChatGPT: Negative stockholders' equity and high long-term debt point to a stressed capital structure. Very thin gross and operating margins leave little buffer against margin compression or volume weakness.
What is CLMT's revenue and growth?
Calumet, Inc. /DE reported revenue of $1.0B.
Does CLMT pay dividends?
Calumet, Inc. /DE does not currently pay dividends.
Where can I find CLMT SEC filings?
Official SEC filings for Calumet, Inc. /DE (CIK: 0002013745) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CLMT's EPS?
Calumet, Inc. /DE has a diluted EPS of $-3.64.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is CLMT's fundamental grade?
Based on our AI fundamental analysis in June 2026, Calumet, Inc. /DE has a C grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is CLMT stock overvalued or undervalued?
Valuation metrics for CLMT: ROE of N/A (sector avg: 14%), net margin of -30.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is CLMT's AI grade for 2026?
Our dual AI analysis gives Calumet, Inc. /DE a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CLMT's free cash flow?
Calumet, Inc. /DE's operating cash flow is $-86.2M, with capital expenditures of $13.2M. FCF margin is -9.7%.
How does CLMT compare to other Energy stocks?
Vs Energy sector averages: Net margin -30.8% (avg: 12%), ROE N/A (avg: 14%), current ratio 0.96 (avg: 1.3).