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How Calumet, Inc. /DE makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$4.1B · 100%Cost of revenue$3.9B · 94%Gross profit$246M · 6%Operating income$109M · 3%Income before tax−$126M · −3%Income tax−$92.6M · −2%Net income−$33.8M · −1%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$4.1B100%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
Cost of revenue$3.9B94%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
$246M6%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
$109M3%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
Income before tax−$126M−3%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
Income tax−$92.6M−2%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
−$33.8M−1%
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0002013745-26-000007 · filed Feb 27, 2026
· event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
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