Calumet, Inc.

CLMTNASDAQEnergy● Active

$35.50

+$0.33(+0.94%)

Market Cap$3.1B

P/E Ratio—

52W High$38.75

52W Low$12.94

Avg Volume1.2M

Open$36.03

Beta0.72

Free Cash Flow Financials Revenue

Calumet, Inc. (CLMT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CLMT · free cash flow · updated Jun 8, 2026

Core FCF metrics

CLMT · FCF · TTM · margin & CAGR

Free cash flow was $56.6M for FY2025 (fiscal year ending 2025-12-31), up 146.0% year-over-year The FCF margin was 1.4%. Five-year CAGR stands at +24.7%.

FY2025 Free Cash Flow$56.6M▲ +146.0% YoY

Trailing 12M (TTM)$85.4Mtrailing 4 quarters sum

FCF Margin1.4%$56.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR+24.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CLMT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$108.9M(52M)$56.6M▲ +146.0%1.4%

FY2024−$46.4M(77M)−$123.1M▲ +57.1%-2.9%

FY2023−$14.9M(272M)−$286.7M▲ +34.2%-6.9%

FY2022$100.6M(536M)−$435.6M▼ 243.3%-9.3%

FY2021−$44.0M(83M)−$126.9M▼ 775.0%-4.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CLMT · P/FCF · FCF yield · FCF per share

Calumet, Inc. (CLMT) trades at a FCF yield of 2.74% and a price-to-free-cash-flow ratio of 36.2x. FCF per share stands at $0.98, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.74%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.98

TTM FCF ÷ Shares Outstanding

Price / FCF

x36.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x35.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CLMT · cash flow statement · operating / investing / financing

For FY2025, Calumet, Inc. generated $108.9M in operating cash flow and spent 52M in capital expenditures, yielding $56.6M in free cash flow.

Operating Activities

+$108.9M

Cash from core business operations

2025-12-31

Investing Activities

+$44.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$6.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($108.9M) − |CapEx| (52M) = FCF ($56.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

CLMT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Calumet, Inc.YOU

CLMT

$56.6M+146.0%1.4%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Calumet, Inc. (CLMT) reported free cash flow of $56.6M for FY2025 (fiscal year ending 2025-12-31), up 146.0% year-over-year. The FCF margin was 1.4%.

Based on available data, Calumet, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $323.1M in FY2012. The 5-year CAGR stands at +24.7%.

Calumet, Inc.'s FCF yield is 2.74% and price-to-FCF ratio is 36.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CLMT free cash flow · 8 questions

Calumet, Inc. free cash flow was $56.6M for FY2025, up 146.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $85.4M.

CLMT free cash flowCLMT FCFCLMT FCF 2025CLMT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Calumet, Inc. · Calumet, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026