CLMT vs GLP

For growth investors, Global Partners LP (GLP) is the stronger pick with 8.

1% revenue growth year-over-year, versus -1. 2% for Calumet, Inc. (CLMT). Global Partners LP (GLP) offers the better valuation at 23. 1x trailing P/E (15. 3x forward), making it the more compelling value choice. Analysts rate Calumet, Inc. (CLMT) a "Hold" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Global Partners LP is actually cheaper at 15.

3x.

Over the past 5 years, Calumet, Inc.

(CLMT) delivered a total return of +473. 9%, compared to +168. 6% for Global Partners LP (GLP). Over 10 years, the gap is even starker: CLMT returned +762. 4% versus GLP's +463. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Global Partners LP (GLP) is the lower-risk stock at 0.

26β versus Calumet, Inc. 's 0. 28β — meaning CLMT is approximately 8% more volatile than GLP relative to the S&P 500.

By revenue growth (latest reported year), Global Partners LP (GLP) is pulling ahead at 8.

1% versus -1. 2% for Calumet, Inc. (CLMT). On earnings-per-share growth, the picture is similar: Calumet, Inc. grew EPS 85. 4% year-over-year, compared to -12. 4% for Global Partners LP. Over a 3-year CAGR, GLP leads at -0. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Global Partners LP (GLP) is the more profitable company, earning 0.

4% net margin versus -0. 8% for Calumet, Inc. — meaning it keeps 0. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CLMT leads at 1. 3% versus 1. 0% for GLP. At the gross margin level — before operating expenses — CLMT leads at 5. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Global Partners LP (GLP) trades at 15.

3x forward P/E versus 419. 3x for Calumet, Inc. — 404. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CLMT: -3. 4% to $31. 00.

In this comparison, GLP (7.

6% yield) pays a dividend. CLMT does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Global Partners LP (GLP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

26), 7. 6% yield, +463. 7% 10Y return). Both have compounded well over 10 years (GLP: +463. 7%, CLMT: +762. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: CLMT is a small-cap quality compounder stock; GLP is a small-cap income-oriented stock. GLP pays a dividend while CLMT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.