Calumet, Inc. /DE
CLMTNasdaqEnergy · Petroleum Refining · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $4.14B | $4.19B | $4.18B | $4.69B |
| Operating income | $108.7M | $8.1M | $267.2M | $131.9M |
| Net income | −$33.8M | −$222.0M | $48.1M | −$173.3M |
| Total assets | $2.69B | $2.76B | $2.75B | — |
| Total liabilities | $3.18B | $3.22B | $3.00B | — |
| Equity | −$732.7M | −$711.9M | −$490.3M | −$533.3M |
| EPS (diluted) | $-0.39 | $-2.67 | — | — |
| Shares out. | 86.2M | 86.0M | 80.1M | 79.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2.6%
- Net margin
- −0.8%
- Return on equity
- 4.6%
- Return on assets
- −1.3%
- Return on capital (ROCE)
- 5.9%
- Liabilities / assets
- 118.1%
- Debt / equity
- —
- Book value / share
- $-8.50
- Revenue growth (YoY)
- −1.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -1.84distress
- Accruals / assets
- −5.3%clean
- Beneish M-Score
- -2.95normal
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Adams Asset Advisors, LlcPassive (13G)Apr 2, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Two Seas Capital LpPassive (13G)Feb 17, 2026
- Blackrock, Inc.Passive (13G)Jul 17, 2025
- Wasserstein Debt Opportunities Management, L.P.Activist (13D)Mar 19, 2025
- Wasserstein Debt Opportunities Fund, LpPassive (13G)Feb 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Heritage Group10% owner | May 15, 2026 | Option exercise | 1.0M | $20.00 |
| Sajkowski Daniel JDirector | Apr 1, 2026 | Sell | 3,310 | $34.46 |
| Obermeier ScottOfficer — EVP - SPECIALTIES | Mar 9, 2026 | Option exercise | 24,090 | $0.00 |
| Morical Gregory JOfficer — SVP, GENERAL COUNSEL | Mar 9, 2026 | Option exercise | 15,348 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 5.1M | 4.5 | -0.2% |
| Apr 30, 2026 | 5.1M | 5.7 | -10.9% |
| Apr 15, 2026 | 5.7M | 4.9 | +1.8% |
| Mar 31, 2026 | 5.6M | 3.4 | +3.3% |
| Mar 13, 2026 | 5.4M | 3.8 | -0.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 8, 2026
- Director / officer change · Regulation FD disclosureMar 25, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureMar 17, 2026
- Entered a material agreement · Other material eventMar 13, 2026
- Regulation FD disclosure · Other material eventMar 12, 2026
- Results of operationsFeb 27, 2026
- Entered a material agreement · New financial obligationJan 29, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureJan 12, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.