Calumet Specialty Products Partners (CLMT) financial statements
Calumet Specialty Products Partners reported revenue of $4.1B in fiscal 2025, down 4.1% a year over 3 years.
Net income was -$34M and the operating margin 2.6%, against 2.8% in 2022.
Free cash flow was $57M.
The diluted share count rose 9% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Calumet Specialty Products Partners's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $4.7B | $4.2B | $4.2B | $4.1B |
| Cost of revenue | $4.3B | $3.7B | $4.0B | $3.9B |
| Gross profit | $352M | $452M | $231M | $246M |
| Selling, general and admin | $197M | $188M | $201M | $172M |
| Operating income | $132M | $267M | $8M | $109M |
| Interest expense | $176M | $222M | $237M | $216M |
| Pre-tax income | -$170M | $50M | -$221M | -$126M |
| Income tax | $3M | $2M | $800,000 | -$93M |
| Net income | -$173M | $48M | -$222M | -$34M |
| EPS (diluted) | — | — | -$2.67 | -$0.39 |
| Diluted shares | 79M | 80M | 83M | 87M |
| Gross margin | 7.5% | 10.8% | 5.5% | 5.9% |
| Operating margin | 2.8% | 6.4% | 0.2% | 2.6% |
| Net margin | -3.7% | 1.2% | -5.3% | -0.8% |
Balance sheet
Fiscal years, from Calumet Specialty Products Partners's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $35M | $8M | $38M | $125M |
| Receivables | — | $286M | $278M | $232M |
| Inventory | — | $439M | $416M | $385M |
| Total current assets | — | $795M | $766M | $858M |
| Property, plant and equipment | $1.5B | $1.5B | $1.4B | $1.4B |
| Goodwill | $173M | $173M | $173M | $140M |
| Total assets | — | $2.8B | $2.8B | $2.7B |
| Total current liabilities | — | $1.1B | $864M | $841M |
| Long-term debt | — | $1.8B | $2.1B | $2.1B |
| Total liabilities | — | $3.0B | $3.2B | $3.2B |
| Shareholders' equity | -$533M | -$490M | -$712M | -$733M |
| Net debt | -$35M | $1.8B | $2.0B | $2.0B |
Cash flow
Fiscal years, from Calumet Specialty Products Partners's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $101M | -$15M | -$46M | $109M |
| Capital spending | $536M | $272M | $77M | $52M |
| Free cash flow | -$436M | -$287M | -$123M | $57M |
| Stock-based compensation | $17M | $15M | $15M | -$4M |
| Free cash flow margin | -9.3% | -6.9% | -2.9% | 1.4% |
Questions
What was Calumet Specialty Products Partners's revenue in 2025?
$4.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Calumet Specialty Products Partners generate?
$57M in fiscal 2025 (operating cash flow minus capital spending).
From Calumet Specialty Products Partners's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.