Calumet, Inc. (CLMT) Financial Ratios
22 years of historical data (2003–2024) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↓
33.91
+0% vs avg
5yr avg: 33.85
30Y Low3.9·High70.6
P/FCF
N/A
—
5yr avg: 13.05
30Y Low2.1·High60.1
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low0.6·High42.0
ROE
N/A
—
5yr avg: N/A
30Y Low-339%·High45%
Debt/EBITDA
↓
15.11
↓-37% vs avg
5yr avg: 23.79
30Y Low0.3·High45.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CLMT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Calumet, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $1.8B | $1.4B | $1.3B | $1.0B | $245M | $285M | $172M | $598M | $308M | $1.5B |
| Enterprise Value | $5.3B | $4.2B | $3.6B | $3.2B | $2.8B | $1.6B | $1.7B | $1.6B | $2.4B | $2.3B | $3.3B |
| P/E Ratio → | -12.92 | — | 30.29 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.71 | 0.44 | 0.34 | 0.29 | 0.33 | 0.11 | 0.08 | 0.05 | 0.16 | 0.09 | 0.35 |
| P/B Ratio | — | — | — | — | — | — | 13.22 | 42.01 | 4.47 | 1.31 | 2.36 |
| P/FCF | — | — | — | — | — | 13.05 | 2.08 | 6.78 | — | — | 40.19 |
| P/OCF | — | — | — | 13.31 | — | 3.91 | 1.49 | 2.29 | — | 75.16 | 3.96 |
P/E links to full P/E history page with 30-year chart
CLMT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Calumet, Inc.'s enterprise value stands at 33.9x EBITDA, roughly in line with its 5-year average of 33.8x. The Energy sector median is 8.1x, placing the stock at a 316% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.99 | 0.86 | 0.68 | 0.88 | 0.72 | 0.49 | 0.46 | 0.64 | 0.64 | 0.77 |
| EV / EBITDA | 33.91 | 26.52 | 8.73 | 13.87 | 70.64 | 49.49 | 9.15 | 6.39 | 7.20 | 15.82 | 14.79 |
| EV / EBIT | 657.78 | 268.77 | 13.31 | 532.22 | — | — | 18.64 | 15.41 | 15.99 | — | 165.43 |
| EV / FCF | — | — | — | — | — | 87.40 | 12.45 | 63.82 | — | — | 87.84 |
CLMT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Calumet, Inc. earns an operating margin of 0.2%, below the Energy sector average of 14.5%. Operating margins have compressed from 2.8% to 0.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 0.3% represents below-average returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.5% | 5.5% | 10.8% | 7.5% | 4.5% | 4.4% | 13.1% | 12.5% | 13.2% | 11.3% | 14.1% |
| Operating Margin | 0.2% | 0.2% | 6.4% | 2.8% | -2.7% | -3.2% | 2.2% | 3.5% | 4.2% | -1.1% | 1.8% |
| Net Profit Margin | -5.3% | -5.3% | 1.2% | -3.6% | -8.1% | -6.6% | -1.3% | -1.6% | -2.8% | -9.1% | -3.3% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | -339.3% | -80.0% | -56.4% | -75.9% | -18.9% |
| ROA | -8.1% | -8.1% | 1.8% | -7.0% | -13.0% | -8.1% | -2.2% | -2.3% | -3.8% | -11.6% | -4.6% |
| ROIC | 0.3% | 0.3% | 11.4% | 6.8% | -4.9% | -4.0% | 4.0% | 5.4% | 5.7% | -1.3% | 2.3% |
| ROCE | 0.5% | 0.5% | 17.6% | 10.1% | -6.9% | -5.6% | 5.1% | 7.2% | 7.9% | -1.7% | 3.1% |
CLMT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Calumet, Inc. carries a Debt/EBITDA ratio of 15.1x, which is highly leveraged (528% above the sector average of 2.4x). Net debt stands at $2.3B ($2.4B total debt minus $38M cash). Interest coverage of just 0.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | 66.63 | 391.34 | 14.90 | 8.52 | 2.81 |
| Debt / EBITDA | 15.11 | 15.11 | 5.29 | 8.21 | 44.95 | 45.40 | 7.72 | 6.32 | 5.91 | 13.73 | 8.05 |
| Net Debt / Equity | — | — | — | — | — | — | 65.75 | 353.37 | 13.67 | 8.50 | 2.80 |
| Net Debt / EBITDA | 14.86 | 14.86 | 5.27 | 8.05 | 43.97 | 42.11 | 7.62 | 5.71 | 5.42 | 13.70 | 8.02 |
| Debt / FCF | — | — | — | — | — | 74.36 | 10.37 | 57.04 | — | — | 47.65 |
| Interest Coverage | 0.03 | 0.03 | 1.21 | 0.75 | -0.57 | -0.57 | 0.57 | 0.79 | 0.86 | -0.25 | 0.71 |
CLMT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.89x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.40x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.61x to 0.89x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.89 | 0.89 | 0.71 | 0.61 | 0.70 | 0.98 | 0.91 | 1.61 | 1.29 | 1.29 | 0.97 |
| Quick Ratio | 0.40 | 0.40 | 0.32 | 0.24 | 0.34 | 0.51 | 0.39 | 0.93 | 0.95 | 0.51 | 0.36 |
| Cash Ratio | 0.04 | 0.04 | 0.01 | 0.03 | 0.04 | 0.20 | 0.03 | 0.38 | 0.18 | 0.01 | 0.01 |
| Asset Turnover | — | 1.52 | 1.52 | 1.71 | 1.48 | 1.25 | 1.86 | 1.68 | 1.40 | 1.32 | 1.43 |
| Inventory Turnover | 9.51 | 9.51 | 8.49 | 8.71 | 9.20 | 8.51 | 10.26 | 10.77 | 10.39 | 8.26 | 9.41 |
| Days Sales Outstanding | — | 24.23 | 24.99 | 20.80 | 29.33 | 24.52 | 18.50 | 20.66 | 34.34 | 20.78 | 18.26 |
CLMT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Calumet, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 16.9% | 15.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.3% | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 7.7% | 48.0% | 14.7% | — | — | 2.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.2% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 17.5% | 15.3% |
| Shares Outstanding | — | $83M | $80M | $79M | $79M | $78M | $78M | $78M | $78M | $77M | $75M |
Peer Comparison
Compare CLMT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CLMTYou | $3B | -12.9 | 33.9 | — | 5.5% | 0.2% | — | 0.3% | 15.1 |
 PARR | $3B | 8.7 | 6.3 | 10.4 | 18.1% | 7.2% | 26.9% | 15.1% | 2.0 |
 DKL | $3B | 15.5 | 8.8 | — | 20.9% | 18.0% | 847.5% | 14.1% | 0.1 |
 CAPL | $790M | 19.0 | 5.7 | 14.2 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 MMLP | $94M | -6.5 | 6.4 | 6.7 | 12.4% | 6.5% | — | 8.0% | 5.4 |
 GLP | $2B | 22.7 | 13.7 | 5.7 | 5.7% | 1.3% | 10.4% | 7.0% | 6.9 |
 DK | $3B | -118.4 | 6.9 | 125.4 | 5.3% | 3.7% | -4.1% | 9.9% | 4.2 |
 CVI | $3B | 121.4 | 8.1 | — | 4.4% | 2.3% | 3.0% | 6.2% | 3.2 |
 PBF | $5B | -29.9 | 11.9 | — | -1.9% | -0.2% | -2.8% | -0.5% | 4.8 |
 VLO | $71B | 31.3 | 10.4 | 14.1 | 4.4% | 3.5% | 8.7% | 9.5% | 1.6 |
 MPC | $72B | 18.5 | 11.4 | 15.2 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonCLMT — Frequently Asked Questions
Quick answers to the most common questions about buying CLMT stock.
What is Calumet, Inc.'s P/E ratio?
Calumet, Inc.'s current P/E ratio is -12.9x. The historical average is 18.4x.
What is Calumet, Inc.'s EV/EBITDA?
Calumet, Inc.'s current EV/EBITDA is 33.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.0x.
Is CLMT stock overvalued?
Based on historical data, Calumet, Inc. is trading at a P/E of -12.9x. Compare with industry peers and growth rates for a complete picture.
What are Calumet, Inc.'s profit margins?
Calumet, Inc. has 5.5% gross margin and 0.2% operating margin.
How much debt does Calumet, Inc. have?
Calumet, Inc.'s Debt/EBITDA ratio is 15.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.