Filing Flows › Calumet (CLMT) › How it makes money
How Calumet (CLMT) makes money
Calumet (CLMT) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +56% from a year earlier. Of every dollar of revenue, 32¢ was left as gross profit, 27¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100.0% |
| Cost of revenue | $1.1B | 67.7% |
| Gross profit | $543M | 32.3% |
| Operating expenses | $89.5M | 5.3% |
| Operating profit | $454M | 27.0% |
| Net earnings | $256M | 15.2% |
| Operating cash flow | $218M | 13.0% |
| Free cash flow | $207M | 12.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.7B | +56% |
| Q2 2026 | $1.4B | +41% |
| Q1 2026 | $1.0B | +4% |
| Q4 2025 | $1.0B | +9% |
| Q3 2025 | $1.1B | -2% |
| Q2 2025 | $1.0B | -9% |
| Q1 2025 | $994M | -1% |
From Calumet's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Calumet make money?
Calumet (CLMT) made $1.7B of revenue in the third quarter 2026 (Q3 2026), +56% from a year earlier. Of every dollar of revenue, 32¢ was left as gross profit, 27¢ was left as operating profit, 15¢ was left as net earnings.
What is Calumet's profit margin?
Net earnings were $256M, 15.2% of revenue, in the third quarter 2026; the operating margin was 27.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.