Calumet Specialty Products Partners, L.P. (CLMT) Income Statement
CLMT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCLMT revenue and net income
Where CLMT's revenue goes
2025Each bar shows an amount and its share of revenue. CLMT kept −0.8% of revenue as net income.
CLMT profit margins
CLMT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.2% | −4.1% | +12.8% | −0.2% |
| Gross profit | +6.5% | −11.3% | +19.9% | −8.5% |
| Operating income | +569.1% | −25.7% | — | −3.2% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CLMT quarterly EPS vs estimates
Calumet beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 6, 2026 (estimate $1.10).
CLMT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.14B | $4.19B | $4.18B | $4.69B | $3.15B | $2.27B | $3.45B | $3.50B | $3.76B | $3.60B |
| Cost of revenue | $3.89B | $3.96B | $3.73B | $4.33B | $3.01B | $2.17B | $3.00B | $3.06B | $3.27B | $3.19B |
| Gross profit | $245.7M | $230.8M | $451.7M | $351.7M | $142.9M | $99.1M | $451.7M | $436.7M | $498.2M | $408.3M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $171.7M | $201.2M | $187.9M | $197.3M | $203.9M | $138.9M | $312.7M | $317.9M | $341.5M | $390.5M |
| Total operating expenses | $191.5M | $222.7M | $184.5M | $219.8M | $228.5M | $171.0M | $375.4M | $318.6M | $368.9M | $412.3M |
| Operating income | $54.2M | $8.1M | $267.2M | $131.9M | −$85.6M | −$71.9M | $76.3M | $122.9M | $158.0M | −$39.7M |
| Interest income | — | — | — | — | — | — | $125.6M | $121.7M | $192.7M | $165.8M |
| Interest expense | $216.0M | $236.7M | $221.7M | $175.9M | $149.5M | $125.9M | $134.6M | $155.5M | $183.1M | $161.7M |
| Income before taxes | −$126.4M | −$221.2M | $49.7M | −$169.9M | −$258.6M | −$147.9M | −$43.1M | −$50.3M | −$31.4M | −$336.3M |
| Income taxes | −$92.6M | $800,000 | $1.6M | $3.4M | $1.5M | $1.1M | $500,000 | $700,000 | −$100,000 | −$7.7M |
| Net income | −$33.8M | −$222.0M | $48.1M | −$169.8M | −$254.9M | −$149.0M | −$43.6M | −$55.1M | −$103.8M | −$328.6M |
| EBITDA | $238.4M | $164.5M | $418.2M | $104.3M | −$1.4M | $83.1M | $201.6M | $236.1M | $306.5M | $50.3M |
| EPS (diluted) | −$1.05 | −$1.94 | −$1.14 | −$2.14 | −$1.81 | −$1.35 | $0.07 | $0.21 | −$0.61 | −$2.57 |
| Gross margin | 5.9% | 5.5% | 10.8% | 7.5% | 4.5% | 4.4% | 13.1% | 12.5% | 13.2% | 11.3% |
| Operating margin | 1.3% | 0.2% | 6.4% | 2.8% | −2.7% | −3.2% | 2.2% | 3.5% | 4.2% | −1.1% |
| Net margin | −0.8% | −5.3% | 1.2% | −3.6% | −8.1% | −6.6% | −1.3% | −1.6% | −2.8% | −9.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.03B | $1.04B | $1.08B | $1.03B | $993.9M | $949.5M | $1.10B | $1.13B | $1.13B | $976.9M | $1.15B |
| Cost of revenue | $1.43B | $1.12B | $1.04B | $704.3M | $1.07B | $1.08B | $865.9M | $1.10B | $1.07B | $1.07B | $954.9M | $887.9M |
| Gross profit | $18.3M | −$87.5M | −$3.0M | $373.7M | −$43.6M | −$81.4M | $83.6M | $4.9M | $63.8M | $63.8M | $22.0M | $261.5M |
| Sales, general & admin | $52.9M | $78.3M | $51.7M | $42.3M | $53.3M | $12.1M | $56.5M | $55.1M | $52.6M | $52.6M | $28.5M | $40.2M |
| Total operating expenses | $58.3M | $83.8M | $60.2M | $50.8M | $57.4M | −$32.7M | $60.9M | $62.0M | $57.6M | $57.6M | $34.5M | $48.5M |
| Operating income | −$40.0M | −$171.3M | −$63.2M | $322.9M | −$101.0M | −$48.7M | $22.7M | −$57.1M | $6.2M | $6.2M | −$12.5M | $213.0M |
| Interest expense | $52.0M | $51.1M | $50.8M | $53.6M | $52.9M | $58.5M | $61.4M | $57.7M | $56.8M | $56.8M | $58.0M | $58.7M |
| Income before taxes | −$117.1M | −$337.8M | −$89.1M | $272.0M | −$147.7M | −$161.6M | −$41.3M | −$99.9M | −$38.6M | −$38.6M | −$46.4M | $100.3M |
| Income taxes | −$21.2M | −$20.8M | −$51.8M | −$41.4M | $200,000 | $400,000 | −$600,000 | $700,000 | $500,000 | $500,000 | $200,000 | $500,000 |
| Net income | −$95.9M | −$317.0M | −$37.3M | $313.4M | −$147.9M | −$162.0M | −$40.7M | −$100.6M | −$38.3M | −$38.3M | −$65.2M | $99.8M |
| EBITDA | −$30.5M | −$347.5M | $6.3M | $344.4M | −$58.1M | −$56.4M | $61.0M | $3.1M | $64.1M | $64.1M | $11.6M | $202.7M |
| EPS (diluted) | −$0.05 | −$0.64 | −$0.18 | $0.20 | −$0.40 | −$0.67 | −$0.17 | −$0.52 | −$0.32 | −$0.93 | −$0.84 | −$0.18 |
| Gross margin | 1.3% | −8.5% | −0.3% | 34.7% | −4.2% | −8.2% | 8.8% | 0.4% | 5.6% | 5.6% | 2.3% | 22.8% |
| Operating margin | −2.8% | −16.6% | −6.1% | 30.0% | −9.8% | −4.9% | 2.4% | −5.2% | 0.5% | 0.5% | −1.3% | 18.5% |
| Net margin | −6.6% | −30.8% | −3.6% | 29.1% | −14.4% | −16.3% | −4.3% | −9.1% | −3.4% | −3.4% | −6.7% | 8.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CLMT's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CLMT financial results
In fiscal year 2025 (ended December 31, 2025), Calumet reported revenue of $4.1 billion, down 1.2% from the year before. It had a net loss of $33.8 million, a net profit margin of −0.8%. Diluted earnings per share came to −$1.05. Over five years revenue grew at an average rate of 12.8% a year.
See the CLMT stock overview for the latest quote and news, or the CLMT chart for price history and technical indicators.
CLMT income statement FAQ
What is Calumet's annual revenue?
Calumet reported total revenue of $4.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.2% from $4.2 billion the previous year.
Is Calumet profitable?
No. Calumet reported a net loss of $33.8 million in fiscal 2025, a net profit margin of −0.8%; its operating margin was 1.3%.
What is Calumet's gross margin?
Calumet's gross margin was 5.9% in fiscal 2025: for every $100 of revenue, Calumet kept $6 after the direct cost of its products and services.
How fast is Calumet growing?
Revenue grew 12.8% a year on average over the last five fiscal years, from $2.3 billion to $4.1 billion.
What are Calumet's earnings per share?
Calumet earned $-1.05 per diluted share in fiscal 2025, compared with $-1.94 a year earlier.
When will Calumet report its next earnings?
Calumet is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Calumet's fiscal year end?
Calumet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.