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Side-by-side financial comparison of Arcosa, Inc. (ACA) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $716.7M, roughly 1.4× Arcosa, Inc.). Arcosa, Inc. runs the higher net margin — 7.3% vs -3.6%, a 10.9% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $55.8M).
Arcosa, Inc. is a provider of infrastructure-related products and solutions operating across three core segments: construction, energy, and transportation. It offers products including utility structures, construction aggregates, and transportation components, primarily serving customers across the North American market to support critical infrastructure development projects.
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.
ACA vs CLMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $716.7M | $1.0B |
| Net Profit | $52.1M | $-37.3M |
| Gross Margin | 22.9% | -0.3% |
| Operating Margin | 11.0% | -6.2% |
| Net Margin | 7.3% | -3.6% |
| Revenue YoY | 7.6% | — |
| Net Profit YoY | 776.6% | — |
| EPS (diluted) | $1.06 | $-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.
| Q4 25 | $716.7M | $1.0B | ||
| Q3 25 | $797.8M | $1.1B | ||
| Q2 25 | $736.9M | $1.0B | ||
| Q1 25 | $632.0M | $993.9M | ||
| Q4 24 | $666.2M | — | ||
| Q3 24 | $640.4M | $1.1B | ||
| Q2 24 | $664.7M | $1.1B | ||
| Q1 24 | $598.6M | — |
| Q4 25 | $52.1M | $-37.3M | ||
| Q3 25 | $73.0M | $313.4M | ||
| Q2 25 | $59.7M | $-147.9M | ||
| Q1 25 | $23.6M | $-162.0M | ||
| Q4 24 | $-7.7M | — | ||
| Q3 24 | $16.6M | $-100.6M | ||
| Q2 24 | $45.6M | $-39.1M | ||
| Q1 24 | $39.2M | — |
| Q4 25 | 22.9% | -0.3% | ||
| Q3 25 | 24.1% | 34.7% | ||
| Q2 25 | 22.5% | -4.2% | ||
| Q1 25 | 19.8% | -8.2% | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.3% | 0.4% | ||
| Q2 24 | 20.8% | 5.6% | ||
| Q1 24 | 18.6% | — |
| Q4 25 | 11.0% | -6.2% | ||
| Q3 25 | 14.1% | 30.0% | ||
| Q2 25 | 12.9% | -9.8% | ||
| Q1 25 | 8.8% | -4.9% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 5.3% | -5.2% | ||
| Q2 24 | 10.1% | 0.5% | ||
| Q1 24 | 8.9% | — |
| Q4 25 | 7.3% | -3.6% | ||
| Q3 25 | 9.2% | 29.1% | ||
| Q2 25 | 8.1% | -14.4% | ||
| Q1 25 | 3.7% | -16.3% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 2.6% | -9.1% | ||
| Q2 24 | 6.9% | -3.4% | ||
| Q1 24 | 6.5% | — |
| Q4 25 | $1.06 | $-0.43 | ||
| Q3 25 | $1.48 | $3.61 | ||
| Q2 25 | $1.22 | $-1.70 | ||
| Q1 25 | $0.48 | $-1.87 | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $0.34 | $-1.18 | ||
| Q2 24 | $0.93 | $-0.48 | ||
| Q1 24 | $0.80 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $214.6M | $125.1M |
| Total DebtLower is stronger | $1.5B | $2.1B |
| Stockholders' EquityBook value | $2.6B | $-732.7M |
| Total Assets | $5.0B | $2.7B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $214.6M | $125.1M | ||
| Q3 25 | $220.0M | $94.6M | ||
| Q2 25 | $189.7M | $110.6M | ||
| Q1 25 | $167.9M | $123.4M | ||
| Q4 24 | $187.3M | — | ||
| Q3 24 | $756.8M | $34.6M | ||
| Q2 24 | $103.7M | $7.0M | ||
| Q1 24 | $176.5M | — |
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
| Q4 25 | $2.6B | $-732.7M | ||
| Q3 25 | $2.6B | $-695.3M | ||
| Q2 25 | $2.5B | $-1.0B | ||
| Q1 25 | $2.5B | $-862.3M | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $-672.2M | ||
| Q2 24 | $2.4B | $-566.4M | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $5.0B | $2.7B | ||
| Q3 25 | $5.1B | $2.7B | ||
| Q2 25 | $5.0B | $2.8B | ||
| Q1 25 | $4.9B | $2.8B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.4B | $2.6B | ||
| Q2 24 | $3.8B | $100 | ||
| Q1 24 | $3.7B | — |
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $116.5M |
| Free Cash FlowOCF − Capex | $55.8M | $103.8M |
| FCF MarginFCF / Revenue | 7.8% | 10.0% |
| Capex IntensityCapex / Revenue | 9.0% | 1.2% |
| Cash ConversionOCF / Net Profit | 2.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $175.5M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.0M | $116.5M | ||
| Q3 25 | $160.6M | $23.5M | ||
| Q2 25 | $61.2M | $-1.8M | ||
| Q1 25 | $-700.0K | $-29.3M | ||
| Q4 24 | $248.2M | — | ||
| Q3 24 | $135.0M | $-15.5M | ||
| Q2 24 | $38.3M | — | ||
| Q1 24 | $80.5M | — |
| Q4 25 | $55.8M | $103.8M | ||
| Q3 25 | $121.0M | $15.1M | ||
| Q2 25 | $33.4M | $-15.4M | ||
| Q1 25 | $-34.7M | $-46.9M | ||
| Q4 24 | $194.9M | — | ||
| Q3 24 | $100.6M | $-32.2M | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $26.1M | — |
| Q4 25 | 7.8% | 10.0% | ||
| Q3 25 | 15.2% | 1.4% | ||
| Q2 25 | 4.5% | -1.5% | ||
| Q1 25 | -5.5% | -4.7% | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 15.7% | -2.9% | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 4.4% | — |
| Q4 25 | 9.0% | 1.2% | ||
| Q3 25 | 5.0% | 0.8% | ||
| Q2 25 | 3.8% | 1.3% | ||
| Q1 25 | 5.4% | 1.8% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 5.4% | 1.5% | ||
| Q2 24 | 7.2% | 2.2% | ||
| Q1 24 | 9.1% | — |
| Q4 25 | 2.30× | — | ||
| Q3 25 | 2.20× | 0.07× | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.13× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 2.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
