All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2024; the latest 2025-11-07.
From the record
Calumet, Inc.'s filings since 2024 show 1 warning event: a warning not to rely on past financial statements (8-K item 4.02, the latest 2025-11-07) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
-4.1% a year over 4 filed years; profitable in 1 of 4.
From the record
Calumet, Inc.'s 4 filed years say what it did: revenue went from $4.7 billion in fiscal 2022 to $4.1 billion in fiscal 2025, down 4.1% a year; it rose in 1 of 3 years; the deepest fall was 12% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 4 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 3.0% a year. 0% of cash flow returned. Insiders: 6 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Calumet, Inc.'s diluted share count grew about 3.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 6 sales and 0 purchases of their own stock on the open market in the year to 2026-10-21 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 127%: owes 127¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Calumet, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 9 cents per dollar of everything the company owns. Leverage: it owed about 127 cents per dollar of assets, and net share issuance: its share count grew 4.3% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 32% of 17 in its family; net margin -0.8%.
From the record
Calumet, Inc.'s standing among 17 graded names in its industry family: revenue of $4.1 billion in fiscal 2025 ranks in the bottom 3% by size; a net margin of -0.8% ranks in the bottom 15%; revenue growth of -4.1% a year over the last 3 filed years ranks in the top 21% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
SI estimate 8.8/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: Calumet, Inc.'s leadership is put at 8.8 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 12% of 12 in its family; the record of its people begins on 2025-02-27 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they set up to do next?
How much room does it have to grow?
bottom 22% of 16 in its family for room to expand.
From the record
Calumet, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $205 million against debt of $2.1 billion leaves -69.6% of its assets as net cash, bottom 3% of its family; cash from operations less capital spending is 1.4% of revenue (bottom 28%); a gross margin of 5.9% (bottom 35%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 45% of 17 in its family for growth drivers.
From the record
Calumet, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -4.1% a year over the last three filed years against -4.1% over all 4, speeding up (top 6% of its family); the newest year grew -1.2% (top 32%); capital spending grew -54% a year (bottom 4%) (its annual reports). Calumet, Inc. reported 3 lines of business in fiscal 2025: Specialty Products and Solutions at $2.7 billion, Montana Renewables at $1.2 billion, Performance Brands at $312 million. 1 of 3 grew in the latest filed year, and the largest line is 64% of revenue (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 26% of 16 in its family for expectations against reality.
From the record
Calumet, Inc.'s newest year against its own record: revenue of $4.1 billion in fiscal 2025 came in 4.4% above the $4.0 billion its prior three years' pace pointed to (bottom 34% of its family); net income of $34 million against a prior three-year average of $116 million (top 9%); a net margin of -0.8% against -2.6% before (top 3%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made