CLMTCalumet, Inc. /DE
Petroleum Refining
- Revenue
- $4.1B
- 1.2% YoY
- Operating margin
- 2.6%
- 1259% YoY
- EBITDA
- $258M
- 64% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 8.2×
- $2.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear-0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear5% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.2B | $4.2B | $4.1B | 1.2% |
| Operating income | $132M | $267M | $8M | $109M | 1242% |
| Net income | −$173M | $48M | −$222M | −$34M | 85% |
| Operating cash flow | $101M | −$15M | −$46M | $109M | 335% |
| Capex | $536M | $272M | $77M | $52M | 32% |
| Stock-based comp | $17M | $15M | $15M | −$5M | 131% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $0 · 1
- Net
- $0
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 151 | 79 |
| FY2024 | — | — | 167 | 91 |
| FY2023 | — | — | 135 | 99 |
| FY2022 | — | — | 128 | 86 |