Calumet vs PAR Pacific Holdings
PAR Pacific Holdings is the larger business, with $7.46bn of revenue in fiscal 2025 against $4.14bn for Calumet (1.8 times as much). Calumet grew faster (-1.2% against -6.4%). PAR Pacific Holdings kept more of each dollar of sales as profit: a net margin of 4.9% against -0.8%.
| Latest fiscal year | CalumetCLMT, 2025 | PAR Pacific HoldingsPARR, 2025 |
|---|---|---|
| Revenue | $4.14bn | $7.46bn |
| Revenue growth | -1.2% | -6.4% |
| Net income | −$33.8m | $369m |
| Operating margin | 2.6% | — |
| Net margin | -0.8% | 4.9% |
| Return on equity | — | 27.3% |
| Free cash flow | $56.6m | $296m |
| Cash | $125m | $164m |
| Total debt | $2.27bn | $815m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $125m |
| Employees | 1,540 | 1,758 |
| Market value | $4.16bn | $3.57bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | — | 38 (Weak) |
| Insider trades, 12 months | 0 buys, 7 sales | 0 buys, 27 sales |