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Side-by-side financial comparison of ADVANCE AUTO PARTS INC (AAP) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
ADVANCE AUTO PARTS INC is the larger business by last-quarter revenue ($2.0B vs $1.0B, roughly 1.9× Calumet, Inc.). ADVANCE AUTO PARTS INC runs the higher net margin — 0.3% vs -3.6%, a 3.9% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $-21.0M).
Advance Auto Parts, Inc. is an American automotive aftermarket parts provider. Headquartered in Raleigh, North Carolina, it serves professional installer and do it yourself (DIY) customers.
Calumet, Inc. is a U.S.-headquartered specialty products firm that manufactures and distributes high-value hydrocarbon and specialty chemical products. Its offerings include specialty oils, lubricants, waxes, and renewable fuel solutions, serving industrial, consumer, and transportation segments across North America.
AAP vs CLMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.0B |
| Net Profit | $6.0M | $-37.3M |
| Gross Margin | 44.1% | -0.3% |
| Operating Margin | 2.2% | -6.2% |
| Net Margin | 0.3% | -3.6% |
| Revenue YoY | 130.1% | — |
| Net Profit YoY | 101.4% | — |
| EPS (diluted) | $0.10 | $-0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.0B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | — | $993.9M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.8B | $1.1B |
| Q1 26 | $6.0M | — | ||
| Q4 25 | $-1.0M | $-37.3M | ||
| Q3 25 | $15.0M | $313.4M | ||
| Q2 25 | $24.0M | $-147.9M | ||
| Q1 25 | — | $-162.0M | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $45.0M | $-100.6M | ||
| Q2 24 | $40.0M | $-39.1M |
| Q1 26 | 44.1% | — | ||
| Q4 25 | 43.3% | -0.3% | ||
| Q3 25 | 43.5% | 34.7% | ||
| Q2 25 | 42.9% | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | 42.3% | — | ||
| Q3 24 | 43.6% | 0.4% | ||
| Q2 24 | 43.4% | 5.6% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.1% | -6.2% | ||
| Q3 25 | 1.1% | 30.0% | ||
| Q2 25 | -5.1% | -9.8% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.5% | -5.2% | ||
| Q2 24 | 1.9% | 0.5% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | -0.0% | -3.6% | ||
| Q3 25 | 0.7% | 29.1% | ||
| Q2 25 | 0.9% | -14.4% | ||
| Q1 25 | — | -16.3% | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 2.1% | -9.1% | ||
| Q2 24 | 1.4% | -3.4% |
| Q1 26 | $0.10 | — | ||
| Q4 25 | $-0.02 | $-0.43 | ||
| Q3 25 | $0.25 | $3.61 | ||
| Q2 25 | $0.40 | $-1.70 | ||
| Q1 25 | — | $-1.87 | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $0.75 | $-1.18 | ||
| Q2 24 | $0.67 | $-0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1B | $125.1M |
| Total DebtLower is stronger | $3.4B | $2.1B |
| Stockholders' EquityBook value | $2.2B | $-732.7M |
| Total Assets | $11.8B | $2.7B |
| Debt / EquityLower = less leverage | 1.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.2B | $125.1M | ||
| Q3 25 | $1.7B | $94.6M | ||
| Q2 25 | $1.7B | $110.6M | ||
| Q1 25 | — | $123.4M | ||
| Q4 24 | $464.5M | — | ||
| Q3 24 | $479.4M | $34.6M | ||
| Q2 24 | $451.0M | $7.0M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $2.1B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.8B | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $-732.7M | ||
| Q3 25 | $2.2B | $-695.3M | ||
| Q2 25 | $2.2B | $-1.0B | ||
| Q1 25 | — | $-862.3M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | $-672.2M | ||
| Q2 24 | $2.6B | $-566.4M |
| Q1 26 | $11.8B | — | ||
| Q4 25 | $12.1B | $2.7B | ||
| Q3 25 | $10.5B | $2.7B | ||
| Q2 25 | $10.6B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $12.5B | — | ||
| Q3 24 | $12.3B | $2.6B | ||
| Q2 24 | $12.2B | $100 |
| Q1 26 | 1.55× | — | ||
| Q4 25 | 1.55× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | 0.70× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $72.0M | $116.5M |
| Free Cash FlowOCF − Capex | $-21.0M | $103.8M |
| FCF MarginFCF / Revenue | -1.1% | 10.0% |
| Capex IntensityCapex / Revenue | 4.7% | 1.2% |
| Cash ConversionOCF / Net Profit | 12.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-298.0M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.0M | — | ||
| Q4 25 | $-12.0M | $116.5M | ||
| Q3 25 | $50.0M | $23.5M | ||
| Q2 25 | $-156.0M | $-1.8M | ||
| Q1 25 | — | $-29.3M | ||
| Q4 24 | $70.0M | — | ||
| Q3 24 | $85.0M | $-15.5M | ||
| Q2 24 | $3.0M | — |
| Q1 26 | $-21.0M | — | ||
| Q4 25 | $-76.0M | $103.8M | ||
| Q3 25 | $-3.0M | $15.1M | ||
| Q2 25 | $-198.0M | $-15.4M | ||
| Q1 25 | — | $-46.9M | ||
| Q4 24 | $27.0M | — | ||
| Q3 24 | $44.0M | $-32.2M | ||
| Q2 24 | $-43.0M | — |
| Q1 26 | -1.1% | — | ||
| Q4 25 | -3.7% | 10.0% | ||
| Q3 25 | -0.1% | 1.4% | ||
| Q2 25 | -7.7% | -1.5% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.0% | -2.9% | ||
| Q2 24 | -1.6% | — |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.1% | 1.2% | ||
| Q3 25 | 2.6% | 0.8% | ||
| Q2 25 | 1.6% | 1.3% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 1.7% | 2.2% |
| Q1 26 | 12.00× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.33× | 0.07× | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAP
Segment breakdown not available.
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
