Calumet, Inc. income statement

In fiscal 2025, Calumet, Inc. reported revenue of $4.14bn, down 1.2% on the year before, operating income of $109m (a 2.6% margin) and net income of −$33.8m, or −$0.39 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Calumet, Inc.: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	4,686	4,181	4,189	4,137	4,591
Cost of revenue	4,335	3,729	3,959	3,891	4,290
Gross profit	352	452	231	246	302
General and administrative	143	133	146	124	176
Operating income	132	267	8	109	47
Interest expense	176	222	237	216	208
Income before tax	−170	50	−221	−126	−272
Income tax	3	2	1	−93	−135
Net income	−173	48	−222	−34	−137
Diluted EPS	—	—	−$2.67	−$0.39	−$1.57
Diluted shares (average)	79m	80m	83m	87m	87m
EBITDA	230	414	157	258	180

US$ millions unless shown otherwise. Fiscal quarters.

Calumet, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	1,100	950	994	1,027	1,078	1,039	1,030	1,445
Cost of revenue	1,096	866	1,075	1,070	704	1,042	1,117	1,427
Gross profit	5	84	−81	−44	374	−3	−88	18
General and administrative	40	45	12	41	31	39	66	39
Operating income	−57	23	−49	−101	323	−65	−171	−40
Interest expense	58	61	59	53	54	51	51	52
Income before tax	−100	−41	−162	−148	272	−89	−338	−117
Income tax	1	−1	0	0	−41	−52	−21	−21
Net income	−101	−41	−162	−148	313	−37	−317	−96
Diluted EPS	−$1.18	−$0.46	−$1.87	−$1.70	$3.61	−$0.43	−$3.64	−$1.09
EBITDA	−12	35	−12	−53	374	−61	−138	6

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Calumet, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Calumet, Inc.