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Side-by-side financial comparison of Albemarle Corporation (ALB) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
Albemarle Corporation is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Calumet, Inc.). Calumet, Inc. runs the higher net margin — -3.6% vs -29.0%, a 25.4% gap on every dollar of revenue. Albemarle Corporation produced more free cash flow last quarter ($233.1M vs $103.8M).
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers...
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.
ALB vs CLMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $-414.2M | $-37.3M |
| Gross Margin | 13.9% | -0.3% |
| Operating Margin | -15.2% | -6.2% |
| Net Margin | -29.0% | -3.6% |
| Revenue YoY | 15.9% | — |
| Net Profit YoY | -650.1% | — |
| EPS (diluted) | $-3.88 | $-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 | $1.4B | $1.0B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.1B | $993.9M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $-414.2M | $-37.3M | ||
| Q3 25 | $-160.7M | $313.4M | ||
| Q2 25 | $22.9M | $-147.9M | ||
| Q1 25 | $41.3M | $-162.0M | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $-1.1B | $-100.6M | ||
| Q2 24 | $-188.2M | $-39.1M | ||
| Q1 24 | $2.4M | — |
| Q4 25 | 13.9% | -0.3% | ||
| Q3 25 | 9.0% | 34.7% | ||
| Q2 25 | 14.8% | -4.2% | ||
| Q1 25 | 14.5% | -8.2% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | 0.4% | ||
| Q2 24 | -0.7% | 5.6% | ||
| Q1 24 | 2.9% | — |
| Q4 25 | -15.2% | -6.2% | ||
| Q3 25 | -16.6% | 30.0% | ||
| Q2 25 | 3.6% | -9.8% | ||
| Q1 25 | 1.8% | -4.9% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | -81.9% | -5.2% | ||
| Q2 24 | -34.4% | 0.5% | ||
| Q1 24 | -13.2% | — |
| Q4 25 | -29.0% | -3.6% | ||
| Q3 25 | -12.3% | 29.1% | ||
| Q2 25 | 1.7% | -14.4% | ||
| Q1 25 | 3.8% | -16.3% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | -78.9% | -9.1% | ||
| Q2 24 | -13.2% | -3.4% | ||
| Q1 24 | 0.2% | — |
| Q4 25 | $-3.88 | $-0.43 | ||
| Q3 25 | $-1.72 | $3.61 | ||
| Q2 25 | $-0.16 | $-1.70 | ||
| Q1 25 | $0.00 | $-1.87 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-9.45 | $-1.18 | ||
| Q2 24 | $-1.96 | $-0.48 | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $125.1M |
| Total DebtLower is stronger | $3.2B | $2.1B |
| Stockholders' EquityBook value | $9.5B | $-732.7M |
| Total Assets | $16.4B | $2.7B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $125.1M | ||
| Q3 25 | $1.9B | $94.6M | ||
| Q2 25 | $1.8B | $110.6M | ||
| Q1 25 | $1.5B | $123.4M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.7B | $34.6M | ||
| Q2 24 | $1.8B | $7.0M | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.6B | $2.1B | ||
| Q1 25 | $3.5B | $2.3B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | $1.7B | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $9.5B | $-732.7M | ||
| Q3 25 | $10.0B | $-695.3M | ||
| Q2 25 | $10.2B | $-1.0B | ||
| Q1 25 | $10.0B | $-862.3M | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $10.2B | $-672.2M | ||
| Q2 24 | $11.2B | $-566.4M | ||
| Q1 24 | $11.5B | — |
| Q4 25 | $16.4B | $2.7B | ||
| Q3 25 | $17.1B | $2.7B | ||
| Q2 25 | $17.3B | $2.8B | ||
| Q1 25 | $17.0B | $2.8B | ||
| Q4 24 | $16.6B | — | ||
| Q3 24 | $17.5B | $2.6B | ||
| Q2 24 | $18.4B | $100 | ||
| Q1 24 | $19.0B | — |
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $116.5M |
| Free Cash FlowOCF − Capex | $233.1M | $103.8M |
| FCF MarginFCF / Revenue | 16.3% | 10.0% |
| Capex IntensityCapex / Revenue | 10.9% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $692.5M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $388.5M | $116.5M | ||
| Q3 25 | $355.6M | $23.5M | ||
| Q2 25 | $-7.2M | $-1.8M | ||
| Q1 25 | $545.4M | $-29.3M | ||
| Q4 24 | $674.0K | — | ||
| Q3 24 | $240.5M | $-15.5M | ||
| Q2 24 | $362.9M | — | ||
| Q1 24 | $98.0M | — |
| Q4 25 | $233.1M | $103.8M | ||
| Q3 25 | $223.4M | $15.1M | ||
| Q2 25 | $-126.8M | $-15.4M | ||
| Q1 25 | $362.8M | $-46.9M | ||
| Q4 24 | $-355.1M | — | ||
| Q3 24 | $-62.6M | $-32.2M | ||
| Q2 24 | $-84.7M | — | ||
| Q1 24 | $-481.4M | — |
| Q4 25 | 16.3% | 10.0% | ||
| Q3 25 | 17.1% | 1.4% | ||
| Q2 25 | -9.5% | -1.5% | ||
| Q1 25 | 33.7% | -4.7% | ||
| Q4 24 | -28.8% | — | ||
| Q3 24 | -4.6% | -2.9% | ||
| Q2 24 | -5.9% | — | ||
| Q1 24 | -35.4% | — |
| Q4 25 | 10.9% | 1.2% | ||
| Q3 25 | 10.1% | 0.8% | ||
| Q2 25 | 9.0% | 1.3% | ||
| Q1 25 | 17.0% | 1.8% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 22.4% | 1.5% | ||
| Q2 24 | 31.3% | 2.2% | ||
| Q1 24 | 42.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | 13.19× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 40.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
