OakChart

Calumet Inc

CLMTBasic Materials·Specialty Chemicals·USA·Mid·NASD·Nov 11 • 3:59 PM ET

35.89+0.98 (2.81%)
2026-11-11 23:33 CET
Market cap
3,075.31 USD m
Revenue, TTM
5,196.30 USD m
Net income, TTM
-193.80 USD m
Free cash flow, TTM
265.10 USD m
EPS diluted, TTM
-2.26
P/E
-
Compare

Price

CLMT against its 20, 50 and 200-day averages
2050200beatmiss
30.0040.0050.0060.001.5M3.1MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CLMTclose 35.8920-day 47.8250-day 52.58200-day 39.3335.8952w high

40.0% under the 52-week high of 59.87 on 21 Sep 2026. 52-week low 17.85 on 21 Nov 2025. Last 15 sessions, 58.8% high to low

Volume 0.95× normal · the line is the 50-bar volume average

Profile

CLMT
52-week range, 43% of the way up
17.8559.87

Calumet, Inc. engages in the manufacturing, formulation, and sale of specialty branded products and renewable fuel. It operates through the following segments: Specialty Products and Solutions, Montana/Renewables, Performance Brands, and Corporate. The Specialty Products & Solutions segment consists of customer-focused solutions and formulation businesses. The Montana/Renewables segment is composed of a Great Falls specialty asphalt facility and Montana Renewables facility. The Performance Brands segment includes Royal Purple, Bel-Ray, and TruFuel. The Corporate segment focuses on the general and administrative expenses not allocated to other segments. The company was founded in 1919 and is headquartered in Indianapolis, IN.

IndexRUT
Employees1540
IPOJan 26, 2006
Beta0.74
ATR, 14d2.97
Rel volume0.95
Short float6.38%
Insider own21.44%
Inst own51.51%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap3.16B
Enterprise Value5.34B
Income-193.80M
Sales5.20B
Book/sh-9.89
Cash/sh2.95
Dividend Est.-
Dividend TTM-
Dividend Ex-DateJan 29, 2016
Dividend Gr. 3/5Y- -
Payout-
Employees1540
IPOJan 26, 2006

Ratios

P/E-
Forward P/E11.98
PEG-
P/S0.61
P/B-
P/C12.17
P/FCF11.93
EV/EBITDA15.01
EV/Sales1.03
Quick Ratio0.66
Current Ratio1.06
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)-2.26
EPS next Y3.00
EPS next Q0.92
EPS this Y-212.06%
EPS next Y346.21%
EPS next 5Y-
EPS past 3/5Y43.33% 26.87%
Sales past 3/5Y-4.07% 12.77%
EPS Y/Y TTM-407.11%
Sales Y/Y TTM28.37%
EPS Q/Q-19.23%
Sales Q/Q56.11%
EarningsNov 06 BMO
EPS/Sales Surpr.78.24% 25.25%

Ownership

Insider Own21.44%
Insider Trans-3.23%
Inst Own51.51%
Inst Trans1.03%
ROA-6.77%
ROE-
ROIC-15.12%
Gross Margin9.06%
Oper. Margin3.45%
Profit Margin-3.73%
SMA20-24.95%
SMA50-31.74%
SMA200-8.75%
Trades-

Technical

Shs Outstand88.08M
Shs Float69.20M
Short Float6.38%
Short Ratio3.02
Short Interest4.41M
52W High59.87 -40.05%
52W Low17.85 101.06%
Volatility9.69% 6.48%
ATR (14)2.97
RSI (14)23.32
Beta0.74
Rel Volume0.95
Avg Volume1.46M
Volume1,387,439

Performance

Perf Week-17.68%
Perf Month-38.74%
Perf Quarter-26.44%
Perf Half Y14.19%
Perf YTD80.62%
Perf Year86.15%
Perf 3Y139.43%
Perf 5Y146.67%
Perf 10Y797.25%
Recom2.33
Target Price55.80
Prev Close34.91
Price35.89
Change %2.81%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Aug 12, 2026ReiteratedTTD CowenHold$34 → $40+11.5%
Apr 24, 2026DowngradeGGoldmanBuy → Neutral$36+0.3%
Mar 05, 2026ReiteratedTTD CowenHold$19 → $25-30.3%
Nov 11, 2025ReiteratedTTD CowenHold$15 → $18-49.8%
May 13, 2025InitiatedBBofA SecuritiesBuy$15-58.2%
Mar 17, 2025UpgradeUUBSSell → Neutral$15 → $12-66.6%
Mar 04, 2025DowngradeTTD CowenBuy → Hold$26 → $16-55.4%
Feb 04, 2025DowngradeUUBSNeutral → Sell$20.50 → $15-58.2%
Nov 11, 2024ReiteratedTTD CowenBuy$27 → $26-27.6%
Oct 17, 2024ReiteratedTTD CowenBuy$22 → $27-24.8%

Peers

Mkt cap
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NEUNewMarket Corp6.42B
DINOHF Sinclair Corp17.43B
WDFCWD-40 Co2.94B
GEVOGevo Inc449.97M
DARDarling Ingredients Inc8.55B
CVICVR Energy Inc4.08B
PARRPar Pacific Holdings Inc3.56B
VLOValero Energy Corp101.43B
PBFPBF Energy Inc8.46B
DKDelek US Holdings Inc4.07B

Insider trading

latest 14 of 29
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Lunin DavidEVP - CFOOct 19 '26Option Exercise0.0020,000022,500Oct 21 05:27 PM
Borgmann Louis ToddCHIEF EXECUTIVE OFFICERSep 25 '26Option Exercise0.00107,4280371,170Sep 28 04:39 PM
Fleming Bruce AEVP - MONTANA RENEWABLESSep 25 '26Option Exercise0.00107,4280657,391Sep 28 04:37 PM
Morical Gregory JSVP, GENERAL COUNSELSep 25 '26Option Exercise0.0030,694078,505Sep 28 04:36 PM
Mawer Stephen PDirectorSep 25 '26Option Exercise0.0061,3870372,965Sep 28 04:35 PM
Boss John G.DirectorJul 09 '26Option Exercise0.007,067035,860Jul 13 04:09 PM
Mawer Stephen PDirectorJul 09 '26Option Exercise0.0013,7800317,090Jul 13 04:08 PM
Raymond Paul CDirectorJul 09 '26Option Exercise0.007,067031,800Jul 13 04:07 PM
Sajkowski Daniel JDirectorJul 09 '26Option Exercise0.007,067084,785Jul 13 04:06 PM
Schumacher Amy MDirectorJul 09 '26Option Exercise0.007,0670258,160Jul 13 04:05 PM
Quintana Julio MDirectorJul 09 '26Option Exercise0.007,06707,067Jul 13 04:02 PM
NARWOLD KAREN GDirectorJul 09 '26Option Exercise0.007,06707,067Jul 13 03:59 PM
Twitchell Karen A.DirectorJul 09 '26Option Exercise0.007,067013,389Jul 13 03:56 PM
Sajkowski Daniel JDirectorJul 01 '26Sale36.164,240153,31877,718Jul 02 05:27 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
IWMiShares Russell 2000 Index FundAUM: 77.38B
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETFAUM: 3.96B
VXFVanguard Extended Market Index ETFAUM: 30.47B
VDEVanguard Energy ETFAUM: 10.46B
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
IWNiShares Russell 2000 Value ETFAUM: 14.10B
FYCFirst Trust Small Cap Growth AlphaDEX FundAUM: 1.35B

News

latest 14 of 200
  • Calumet Crushes Estimates With Record Quarter, But Management Itself Warns The Specialty Windfall Is Not The New Norm (Earnings Whispers) -8.56%
  • Calumet Reports Third Quarter 2026 Results (PR Newswire)
  • Calumet Announces CMR Asset Lease Details and Revised Agreement with Warburg Pincus (PR Newswire)
  • Royal Purple Unveils New Three-Tier Performance Motor Oil Lineup at AAPEX 2026 (PR Newswire) -5.88%
  • Calumet's First Clean Quarter Must Prove Q2 Rebound Was No Turnaround Mirage (Earnings Whispers)
  • Calumet Issues Redemption Notice for $150 Million of 9.75% Senior Notes due 2028 (PR Newswire)
  • Calumet, Inc. to Release Third Quarter 2026 Earnings on November 6, 2026 (PR Newswire)
  • These Energy Stocks Just Delivered Massive September Gains (GuruFocus.com)
  • What an AI Slowdown Would Mean for Energy Stocks (Barrons.com)
  • Calumet to Attend T.D. Cowen Energy Conference (PR Newswire)
  • Calumet Upsizes Senior Secured Revolving Credit Facility and Receives Final $34 Million Draw under the DOE Loan (PR Newswire)
  • Calumet to Attend H.C. Wainwright Conference (PR Newswire)
  • Calumet Provides Update After Latest U.S. EPA Small Refinery Exemption Decision (PR Newswire)
  • Montana Renewables Announces Innovative, Capital-Efficient Expansion to 200 Million Gallons of Sustainable Aviation Fuel (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-062.9101.6332.9101,6831,3445
2026Q22026-08-07-1.0900.067-1.0951,4451,1184
2026Q12026-05-08-3.640-0.333-3.6441,0301,0015
2025Q42026-02-27-0.430-0.397-0.4291,0391,0585
2025Q32025-11-073.610-0.3503.6061,0781,0525
2025Q22025-08-08-1.700-0.340-1.7041,027925.24
2025Q12025-05-09-1.870-0.514-1.874993.9891.445
2024Q42025-02-28-0.470-0.727-0.473949.5866.165
2024Q32024-11-08-1.180-0.603-1.1761,100888.365
2024Q22024-08-09-0.480-0.550-0.4751,134889.175
2024Q12024-05-10-0.510-0.817-0.5081,006825.935
2023Q42024-02-23-0.590-0.192-0.586976.5856.715
2023Q32023-11-091.2600.0711.2561,149896.256
2023Q22023-08-04-0.230-0.018-0.2261,018916.366
2023Q12023-05-050.3500.0220.3521,037854.936
2022Q42023-03-15-0.8600.000-0.863999.8847.266

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY-0.550-0.410-0.5463,4533,368
2020FY-1.860-1.750-1.8632,2682,203
2021FY-3.230-2.532-3.2273,1483,024
2022FY-2.040-1.178-2.1404,6874,591
2023FY0.7901.2130.5884,1814,130
2024FY-2.670-2.908-2.6704,1894,106
2025FY-0.390-0.355-0.3904,1374,156
2026FY--1.217--5,237
2027FY-2.996--4,954
2028FY-3.122--5,476
2029FY-2.480--5,664
2030FY-3.570--5,941

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-076131,214910.51,506
2026Q4S2026-11-066141,214910.51,506
2026Q4S2026-10-256231,270979.51,506
2026Q4S2026-10-206241,270979.51,506
2026Q4S2026-10-166241,209979.51,367
2026Q4S2026-10-086241,197979.51,367
2026Q4S2026-09-016331,200979.51,367
2026Q4S2026-08-246321,206979.51,367
2026Q4S2026-08-146311,214979.51,416
2026Q4S2026-08-116211,197979.51,416
2026Q4S2026-08-076301,2261,0331,416
2026Q4S2026-08-025101,182939.81,416
2026Q4S2026-07-285111,182939.81,416
2026Q4S2026-07-265111,183939.81,416

Estimate history

EPS, annual-0.504-0.64-0.546-1.863-3.227-2.140.588-2.67-0.39-2.2551
Period201720182019202020212022202320242025TTM
EPS, quarterly-1.176-0.473-1.874-1.7043.606-0.429-3.644-1.0952.913
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual3763.83497.53452.62268.231484686.341814189.44137.15196.3
Period201720182019202020212022202320242025TTM
Sales, quarterly1100.4949.5993.91026.610781038.61029.71445.11682.9
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual76.78977.17777.5678.06278.67679.1979.96785.9586.77788.079
Period201720182019202020212022202320242025MRQ
Shares, quarterly85.90485.9586.62186.65986.75286.77787.04187.84388.079
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue5,196.304,137.104,189.404,181.004,686.303,148.002,268.203,452.603,497.50
Cost of Goods Sold Incl. D&A4,725.303,891.403,939.003,678.704,321.603,005.102,054.403,000.903,060.80
Gross Profit471.00245.70250.40502.30364.70142.90213.80451.70436.70
Selling, General and Administrative Excl. Other266.30171.70201.20187.90197.30203.90249.00312.70317.90
Other Operating Expense25.5019.8019.50-6.9021.8020.7026.3020.500.70
Operating Income179.2054.2029.70321.30145.60-81.70-61.50118.50118.10
Interest Expense204.70215.80236.70221.70175.90149.50125.90134.60155.50
Unusual Expense179.2024.7030.8037.30103.6028.508.6028.3028.60
Net Income Before Taxes-298.70-126.40-221.2049.70-169.90-258.60-147.90-43.10-50.30
Income Taxes-121.80-92.600.801.603.401.501.100.500.70
Consolidated Net Income-176.90-33.80-222.0048.10-173.30-260.10-149.00-43.60-51.00
Net Income From Continuing Operations-193.80-33.80-222.0047.10-169.80-254.90-146.00-42.70-49.90
Net Income-193.80-33.80-222.0047.10-169.80-254.90-146.00-42.70-49.90
EPS (Recurring)-0.78-0.19-2.410.91-1.23-2.97-1.79-0.29-0.38
EPS (Basic, Before Extraordinaries)-2.26-0.39-2.670.59-2.14-3.23-1.86-0.55-0.64
EPS (Diluted)-2.26-0.39-2.670.59-2.14-3.23-1.86-0.55-0.64
EBITDA355.90244.00216.70504.20267.0043.0058.50247.00249.00
Non-Operating Income (Expense)-94.0059.9016.60-12.60-36.001.1048.101.3015.70
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-11.3815.5615.9627.1850.704.014.31-0.95
Price To Earnings Ratio---34.46-----
Price To Sales Ratio0.890.420.440.340.290.330.110.080.05
Gross Margin9.065.945.9812.017.784.549.4313.0812.49
Operating Margin3.451.310.717.683.11-2.60-2.713.433.38
Net Margin-3.73-0.82-5.301.13-3.62-8.10-6.44-1.24-1.43
Shares Outstanding88.0886.7885.9579.9779.1978.6878.0677.5677.18
Market Capitalization3,075.313,075.311,891.611,429.021,336.721,038.53244.34283.09170.49

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1,682.901,445.101,029.701,038.601,078.001,026.60993.90949.50
Cost of Goods Sold Incl. D&A1,139.701,426.801,117.201,041.60704.301,070.201,075.30855.80
Gross Profit543.2018.30-87.50-3.00373.70-43.60-81.4093.70
Selling, General and Administrative Excl. Other83.4052.9078.3051.7042.3053.3024.4056.50
Other Operating Expense6.105.405.508.502.104.105.102.40
Operating Income453.70-40.00-171.30-63.20329.30-101.00-110.9034.80
Interest Expense50.8052.0051.1050.8053.6052.9058.5061.40
Unusual Expense119.80-9.00104.40-36.003.00-6.9047.50-87.70
Net Income Before Taxes245.30-117.10-337.80-89.10272.00-147.70-161.60-41.30
Income Taxes-28.00-21.20-20.80-51.80-41.400.200.40-0.60
Consolidated Net Income273.30-95.90-317.00-37.30313.40-147.90-162.00-40.70
Net Income From Continuing Operations256.40-95.90-317.00-37.30313.40-147.90-162.00-40.70
Net Income256.40-95.90-317.00-37.30313.40-147.90-162.00-40.70
EPS (Recurring)3.87-1.17-2.80-0.723.63-1.76-1.49-1.19
EPS (Basic, Before Extraordinaries)2.91-1.09-3.64-0.433.61-1.70-1.87-0.47
EPS (Diluted)2.91-1.09-3.64-0.433.61-1.70-1.87-0.47
EBITDA498.905.50-129.90-18.60380.00-53.10-64.2075.70
Non-Operating Income (Expense)-37.80-34.10-11.00-11.10-0.70-0.7055.30-102.40
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense---6.56----
Price To Sales Ratio0.890.690.750.420.390.340.260.45
Gross Margin32.281.27-8.50-0.2934.67-4.25-8.199.87
Operating Margin26.96-2.77-16.64-6.0930.55-9.84-11.163.67
Net Margin15.24-6.64-30.79-3.5929.07-14.41-16.30-4.29
Shares Outstanding88.0887.8487.0486.7886.7586.6686.6285.95
Market Capitalization3,075.313,139.043,115.281,723.811,583.231,364.721,093.111,891.61

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments205.1045.9014.7035.2038.10109.4019.10155.70514.30
Short Term Receivables232.50278.10286.20267.10253.00160.40188.50198.00354.10
Inventories385.20416.30439.40497.70326.60254.90292.60284.10314.40
Other Current Assets35.0025.7054.4019.6014.9010.2011.9032.208.70
Total Current Assets857.80766.00794.70819.60632.60534.90512.10670.001,191.50
Net Property, Plant & Equipment1,577.201,679.001,620.701,589.501,107.401,005.601,066.601,098.101,172.60
Total Investments and Advances0.000.000.000.0083.800.000.0025.4035.00
Intangible Assets149.20195.00201.50209.30218.80230.60242.60259.40279.30
Other Assets104.70118.20134.40122.6085.3037.2036.5034.6010.40
Total Assets2,688.902,758.202,751.302,741.002,127.901,808.301,857.802,087.502,688.80
Short Term Debt Incl. Current Port. of LT Debt220.40126.30321.70312.10245.50143.10196.70109.10457.20
Accounts Payable281.50320.80322.00442.00301.00179.30230.20200.60282.30
Other Current Liabilities338.80416.50469.00596.80353.30222.10138.10105.40186.20
Total Current Liabilities840.70863.601,112.701,350.90899.80544.50565.00415.10925.70
Long Term Debt2,238.702,246.901,868.701,577.201,590.701,364.201,242.501,600.701,638.20
Provision for Risks Charges3.804.004.2082.306.709.307.904.503.10
Other Liabilities92.80110.0010.4018.3015.8018.9020.801.501.90
Total Liabilities3,176.003,224.502,996.003,028.702,513.001,936.901,836.202,021.802,568.90
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity-732.70-711.90-491.60-533.60-388.90-137.609.6052.90106.10
Total Shareholders Equity-732.70-711.90-491.60-533.60-388.90-137.609.6052.90106.10
Accumulated Minority Interest245.60245.60246.90245.903.809.0012.0012.8013.80
Total Equity-487.10-466.30-244.70-287.70-385.10-128.6021.6065.70119.90
Total Liabilities & Stockholders Equity2,688.902,758.202,751.302,741.002,127.901,808.301,857.802,087.502,688.80
Book Value Per Share-8.44-8.28-6.15-6.74-4.94-1.760.120.691.38
Tangible Book Value Per Share-10.16-10.55-8.67-9.38-7.72-4.72-3.00-2.68-2.26
Full-Time Employees1,5401,6201,5801,5301,4501,4001,5001,7001,600
Price to Book Ratio-3.53-2.81-3.17-2.86-2.67-1.7829.493.223.17
Return on Assets-1.24-8.061.71-6.97-12.95-7.96-2.16-2.09-1.08
Return on Equity-------136.64-62.77-18.90
Return on Invested Capital-2.24-14.463.42-16.27-21.21-11.90-3.41-3.02-2.24
Quick Ratio0.560.400.320.240.340.510.390.930.95
Current Ratio1.020.890.710.610.700.980.911.611.29

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-176.90-33.80-222.0048.10-173.30-260.10-149.00-43.60-55.10
Depreciation-189.80187.00182.90121.40124.70119.70129.40130.90
Other Funds (Non Cash)379.00-44.00-1.00-172.90342.0048.0037.4045.0074.80
Funds from Operations496.10112.00-36.0058.10290.10-87.408.10130.80150.60
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-155.00-3.10-10.40-73.00-189.5043.4054.7061.10-75.40
Cash from Operating Activities341.10108.90-46.40-14.90100.60-44.0062.80191.9075.20
Capital Expenditures-76.00-52.30-76.70-271.80-536.20-82.90-44.00-54.90-49.80
Net Assets From Acquisitions0.000.000.000.000.000.00-3.300.00-
Sale of Fixed Assets and Businesses1.5096.900.000.00250.200.100.1058.9045.30
Purchase or Sale of Investments-0.50-0.500.000.000.000.000.005.006.10
Purchase of Investments-0.50-0.500.000.000.000.000.000.00-3.80
Sale Or Maturity of Investments0.000.000.000.000.000.000.005.009.90
Other Uses-1.500.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.905.606.80
Cash from Investing Activities-76.5044.10-76.70-271.80-286.00-82.80-46.3014.608.40
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.00-4.400.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.00-4.400.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-153.10-86.8051.10194.30-254.2076.9075.80-341.20730.50
Change in Long Term Debt-172.80-51.6088.30236.20-287.6029.40105.70-360.40-404.80
Issuance of Long Term Debt2,351.603,191.702,833.302,590.702,014.801,410.101,128.901,047.50171.50
Reduction of Long Term Debt-2,524.40-3,243.30-2,745.00-2,354.50-2,302.40-1,380.70-1,023.20-1,407.90-576.30
Net Financing Active Other Cash Flow-26.3093.00103.2071.90357.3062.40-2.00-1.90-1,172.70
Other Financing Activities Uses-26.30-67.00-41.50-30.10-15.60-7.60-33.40-1.90-1,177.40
Cash from Financing Activities-179.406.20154.30266.2098.70139.3073.80-343.10-442.20
Net Change in Cash85.20159.2031.20-20.50-86.7012.5090.30-136.60-358.60
Free Cash Flow265.1056.60-123.10-286.70-435.60-126.9018.80137.0025.40
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow17.3930.46----13.052.086.78
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments259.80149.80178.60205.10174.60190.60
Short Term Receivables466.00417.00358.40232.50278.70305.90
Inventories472.70421.00369.50385.20400.10370.50
Other Current Assets42.0035.0021.4035.0026.7028.80
Total Current Assets1,240.501,022.80927.90857.80880.10895.80
Net Property, Plant & Equipment1,297.501,321.201,336.401,577.201,362.001,616.70
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets---149.20--
Other Assets456.20458.80490.70104.70491.80263.90
Total Assets2,994.202,802.802,755.002,688.902,733.902,776.40
Short Term Debt Incl. Current Port. of LT Debt19.3033.5032.60220.40155.20292.10
Accounts Payable425.30372.10353.30281.50298.70279.30
Other Current Liabilities722.00811.20577.20338.80322.40604.60
Total Current Liabilities1,166.601,216.80963.10840.70776.301,176.00
Long Term Debt2,152.702,225.202,299.402,238.702,147.402,275.80
Provision for Risks Charges0.000.000.003.800.000.00
Other Liabilities278.10247.30285.1092.80259.9088.70
Total Liabilities3,597.403,689.303,547.603,176.003,183.603,540.50
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-870.70-1,137.10-1,043.20-732.70-695.30-1,009.70
Total Shareholders Equity-870.70-1,137.10-1,043.20-732.70-695.30-1,009.70
Accumulated Minority Interest267.50250.60250.60245.60245.60245.60
Total Equity-603.20-886.50-792.60-487.10-449.70-764.10
Total Liabilities & Stockholders Equity2,994.202,802.802,755.002,688.902,733.902,776.40
Book Value Per Share-9.89-12.94-11.99-8.44-8.01-11.65
Tangible Book Value Per Share-9.89-12.94-11.99-10.16-8.01-11.65
Full-Time Employees---1,540--
Price to Book Ratio-3.53-3.01-4.25-2.48-1.57-1.58
Return on Assets-6.77-4.90-6.77-1.24-1.38-16.57
Return on Invested Capital20.00-8.81-25.23-2.4821.58-11.68
Quick Ratio0.660.490.580.560.620.45
Current Ratio1.060.840.961.021.130.76

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income273.30-95.90-317.00-37.30313.40-147.90
Depreciation36.6034.6033.00---
Other Funds (Non Cash)-6.30188.10284.20-87.00-244.00154.60
Funds from Operations303.60126.800.2065.5069.406.70
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-85.10-34.50-86.4051.00-45.90-8.50
Cash from Operating Activities218.5092.30-86.20116.5023.50-1.80
Capital Expenditures-11.80-38.30-13.20-12.70-8.40-13.60
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.001.500.000.00
Purchase or Sale of Investments0.000.000.00-0.500.000.00
Purchase of Investments0.000.000.00-0.500.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.00-1.00-0.500.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-11.80-39.30-13.70-11.70-8.40-13.60
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-70.80-72.8086.40-95.90-105.507.00
Change in Long Term Debt-89.70-77.0096.10-102.20-120.804.80
Issuance of Long Term Debt573.10308.501,083.10386.90538.70519.50
Reduction of Long Term Debt-662.80-385.50-987.00-489.10-659.50-514.70
Net Financing Active Other Cash Flow-25.90-9.00-13.0021.6074.40-4.40
Other Financing Activities Uses-25.90-9.00-13.0021.60-45.60-4.40
Cash from Financing Activities-96.70-81.8073.40-74.30-31.102.60
Net Change in Cash110.00-28.80-26.5030.50-16.00-12.80
Free Cash Flow206.7054.00-99.40103.8015.10-15.40
Price to Free Cash Flow17.3942.92761.7430.51--

Revenue breakdown

United States2024: 4.19B 2025: 4.14B
Consolidation, Policy2024: -23.70M 2025: -19.90M
Montana/Renewables2024: 1.06B 2025: 1.19B
Performance Brands2024: 335.60M 2025: 311.50M
Specialty Products and Solutions2024: 2.81B 2025: 2.65B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-306.39%4.4M69.1M1.40M
2026-10-156.29%4.3M69.1M1.35M
2026-09-305.19%3.6M69.0M1.28M
2026-09-156.48%4.5M69.2M1.16M
2026-08-315.32%3.7M69.1M1.08M
2026-08-145.15%3.6M69.1M1.04M
2026-07-314.90%3.3M68.1M993.58K
2026-07-155.37%3.7M68.1M938.70K
2026-06-306.29%4.3M68.2M995.86K
2026-06-155.90%4.0M68.1M1.11M
2026-05-296.16%4.2M68.4M1.20M
2026-05-157.40%5.1M68.4M1.31M
2026-04-307.52%5.1M67.5M1.38M
2026-04-158.44%5.7M67.5M1.48M
2026-03-318.29%5.6M67.5M1.48M
2026-03-138.03%5.4M67.5M1.27M
2026-02-278.06%5.4M67.5M1.10M
2026-02-1310.33%7.0M67.5M981.72K
2026-01-308.53%5.8M67.5M891.04K
2026-01-159.63%6.5M67.5M769.58K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call15.0019.9022.000.004.9570.000.000.991-0.0220.001
call16.0019.3021.000.004.6440.000.000.984-0.0360.002
call17.0018.3020.000.004.3510.000.000.983-0.0360.002
call18.0016.9019.000.004.0770.000.000.975-0.0480.003
call19.0016.3018.000.003.8180.000.000.963-0.0680.005
call20.0014.9017.000.003.5720.000.000.960-0.0670.005
call21.0013.9016.0011.003.3391.000.000.957-0.0670.005
call22.0013.3015.0035.603.11663.000.000.954-0.0660.005
call23.0011.9014.000.002.9020.000.000.950-0.0650.006
call24.0010.9013.000.002.6960.000.000.946-0.0630.006
call25.0010.3012.000.002.4970.000.000.942-0.0620.007
call26.009.4011.0032.202.38470.000.000.936-0.0610.007
call27.008.5010.000.002.1920.000.000.930-0.0590.007
call28.007.509.0025.801.93421.000.000.923-0.0570.008
call29.006.807.9013.201.6855.000.000.915-0.0560.009
call30.005.606.905.691.57838.002.000.904-0.0530.009
call31.004.705.7023.701.21378.000.000.860-0.0690.012
call32.004.004.903.501.17044.000.000.822-0.0750.015
call33.003.004.103.801.10513.005.000.769-0.0810.017
call34.002.253.102.290.92016.000.000.682-0.1010.020
call35.001.702.351.900.84337219.000.607-0.1000.021
call36.001.351.651.520.75713014.000.518-0.1020.022
call37.000.951.501.200.88167.009.000.435-0.1050.022
call38.000.601.150.820.90634.0017.000.374-0.1110.021
call39.000.250.850.650.8731104.000.296-0.0960.019
call40.000.300.600.420.8571,5551490.230-0.0830.017
call41.000.050.500.250.90231443.000.192-0.0790.015
call42.000.050.350.290.8922692.000.145-0.0650.013
call43.000.000.350.200.98041314.000.135-0.0680.012
call44.000.000.300.101.02029011.000.115-0.0630.011
call45.000.050.200.060.9933,47351.000.084-0.0490.009
call50.000.000.050.010.9547,11247.000.025-0.0180.003
call55.000.000.100.051.2764,7770.000.020-0.0200.003
call60.000.000.050.031.4846,07235.000.018-0.0210.002
call65.000.000.150.051.6791,7710.000.016-0.0220.002
call70.000.000.500.051.8511,0050.000.015-0.0220.002
call75.000.000.500.032.0091,8330.000.014-0.0230.002
call80.000.000.500.052.1553260.000.013-0.0230.002
call85.000.000.500.152.2891310.000.013-0.0240.002
put15.000.000.050.162.9241210.00-0.014-0.0340.002
put16.000.000.500.002.6900.000.00-0.016-0.0340.002
put17.000.000.100.292.5077210.00-0.017-0.0340.002
put18.000.000.150.102.5082260.00-0.025-0.0460.003
put19.000.000.500.452.58653.000.00-0.037-0.0660.005
put20.000.000.500.262.4066.000.00-0.040-0.0650.005
put21.000.000.500.702.2353090.00-0.043-0.0640.005
put22.000.000.500.052.0711110.00-0.046-0.0630.005
put23.000.000.500.731.91433.000.00-0.050-0.0620.006
put24.000.000.500.041.7633.000.00-0.054-0.0610.006
put25.000.000.501.551.6164.000.00-0.058-0.0590.007
put26.000.000.500.111.47437.000.00-0.064-0.0580.007
put27.000.000.550.851.3362940.00-0.070-0.0560.007
put28.000.000.500.051.2011150.00-0.077-0.0540.008
put29.000.000.400.201.0692410.00-0.085-0.0520.009
put30.000.000.250.350.9392520.00-0.096-0.0500.009
put31.000.050.400.350.9414340.00-0.140-0.0660.012
put32.000.050.500.250.8713089.00-0.178-0.0710.015
put33.000.200.601.000.78358.000.00-0.231-0.0770.017
put34.000.451.050.700.85714520.00-0.318-0.0970.020
put35.001.001.301.100.78418228.00-0.393-0.0960.021
put36.001.251.901.670.8361490.00-0.482-0.0980.022
put37.001.752.252.050.7341,15466.00-0.565-0.1010.022
put38.002.403.402.510.9663341.00-0.626-0.1070.021
put39.003.103.901.250.8621700.00-0.704-0.0920.019
put40.003.805.105.101.0934720.00-0.770-0.0790.017
put41.004.705.804.601.0441255.00-0.808-0.0740.015
put42.006.006.703.701.08894.000.00-0.855-0.0600.013
put43.006.707.407.200.9651,5070.00-0.865-0.0630.012
put44.007.308.509.001.1331830.00-0.885-0.0580.011
put45.008.609.409.051.13081318.00-0.916-0.0440.009
put50.0013.0014.6013.401.6806011.00-0.976-0.0130.003
put55.0018.0019.4020.501.79949.000.00-0.980-0.0140.003
put60.0023.0024.6023.202.29017.001.00-0.982-0.0140.002
put65.0028.0029.4014.602.3100.000.00-0.984-0.0140.002
put70.0033.0034.600.002.7720.000.00-0.985-0.0140.002
put75.0038.0039.400.002.7280.000.00-0.986-0.0140.002
put80.0043.0044.600.003.1710.000.00-0.987-0.0140.002
put85.0048.0049.600.003.3480.000.00-0.987-0.0140.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-068-KCurrent report2026-11-06SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-158-KCurrent report2026-09-11SEC
2026-09-018-KCurrent report2026-08-28SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-0710-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-078-KCurrent report2026-08-07SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-134Statement of changes in beneficial ownership of securities2026-07-09SEC
2026-07-024Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-07-01144Filing for proposed sale of securities under Rule 144.SEC
2026-06-05SCHEDULE 13D/ASEC
2026-06-054Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-06-044Statement of changes in beneficial ownership of securities2026-06-02SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-0700153.32K1
2026-060000
2026-050020.40M1
2026-0400114.06K1
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Two Seas Capital LP6.01%
BlackRock, Inc.6.01%
Wasserstein Management, L.P.4.55%
STATE STREET CORP3.98%
VANGUARD CAPITAL MANAGEMENT LLC3.96%
GEODE CAPITAL MANAGEMENT, LLC2.28%
Adams Asset Advisors, LLC2.17%
BARCLAYS PLC1.67%
VANGUARD PORTFOLIO MANAGEMENT LLC1.18%
BANK OF AMERICA CORP /DE/1.13%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.02%
Empower High Yield Bond Fund2.17%
State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF2.08%
iShares Russell 2000 ETF2.07%
Fidelity Small Cap Index Fund0.87%
VANGUARD EXTENDED MARKET INDEX FUND0.85%
High Yield Fund0.76%
iShares Russell 2000 Growth ETF0.55%
VANGUARD ENERGY INDEX FUND0.54%
VANGUARD RUSSELL 2000 INDEX FUND0.45%

OakChart. CLMT. Cached 15 minutes.