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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) 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 $789.6M, roughly 1.3× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -3.6%, a 21.2% gap on every dollar of revenue. Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $103.8M).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
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.
ATAT vs CLMT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $1.0B |
| Net Profit | $139.1M | $-37.3M |
| Gross Margin | — | -0.3% |
| Operating Margin | 22.5% | -6.2% |
| Net Margin | 17.6% | -3.6% |
| Revenue YoY | 252.5% | — |
| Net Profit YoY | 322.2% | — |
| EPS (diluted) | $0.33 | $-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 | — | $1.0B | ||
| Q3 25 | $789.6M | $1.1B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $993.9M | ||
| Q3 24 | $224.0M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $203.4M | — | ||
| Q1 23 | $106.8M | — |
| Q4 25 | — | $-37.3M | ||
| Q3 25 | $139.1M | $313.4M | ||
| Q2 25 | — | $-147.9M | ||
| Q1 25 | — | $-162.0M | ||
| Q3 24 | $33.0M | $-100.6M | ||
| Q2 24 | — | $-39.1M | ||
| Q1 24 | $35.6M | — | ||
| Q1 23 | $2.5M | — |
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | — | ||
| Q1 23 | — | — |
| Q4 25 | — | -6.2% | ||
| Q3 25 | 22.5% | 30.0% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -4.9% | ||
| Q3 24 | 14.7% | -5.2% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | 22.1% | — | ||
| Q1 23 | 8.0% | — |
| Q4 25 | — | -3.6% | ||
| Q3 25 | 17.6% | 29.1% | ||
| Q2 25 | — | -14.4% | ||
| Q1 25 | — | -16.3% | ||
| Q3 24 | 14.7% | -9.1% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | 17.5% | — | ||
| Q1 23 | 2.3% | — |
| Q4 25 | — | $-0.43 | ||
| Q3 25 | $0.33 | $3.61 | ||
| Q2 25 | — | $-1.70 | ||
| Q1 25 | — | $-1.87 | ||
| Q3 24 | $0.08 | $-1.18 | ||
| Q2 24 | — | $-0.48 | ||
| Q1 24 | $0.09 | — | ||
| Q1 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $669.2M | $125.1M |
| Total DebtLower is stronger | — | $2.1B |
| Stockholders' EquityBook value | $405.0M | $-732.7M |
| Total Assets | $1.1B | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $125.1M | ||
| Q3 25 | $669.2M | $94.6M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $123.4M | ||
| Q3 24 | $506.0M | $34.6M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | $520.7M | — | ||
| Q1 23 | $272.5M | — |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — | ||
| Q1 23 | — | — |
| Q4 25 | — | $-732.7M | ||
| Q3 25 | $405.0M | $-695.3M | ||
| Q2 25 | — | $-1.0B | ||
| Q1 25 | — | $-862.3M | ||
| Q3 24 | $291.3M | $-672.2M | ||
| Q2 24 | — | $-566.4M | ||
| Q1 24 | $323.5M | — | ||
| Q1 23 | $185.5M | — |
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q3 24 | $927.8M | $2.6B | ||
| Q2 24 | — | $100 | ||
| Q1 24 | $936.3M | — | ||
| Q1 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — | ||
| Q1 23 | — | — |
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 | $216.6M | $116.5M |
| Free Cash FlowOCF − Capex | $210.7M | $103.8M |
| FCF MarginFCF / Revenue | 26.7% | 10.0% |
| Capex IntensityCapex / Revenue | 0.8% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $116.5M | ||
| Q3 25 | $216.6M | $23.5M | ||
| Q2 25 | — | $-1.8M | ||
| Q1 25 | — | $-29.3M | ||
| Q3 24 | $84.8M | $-15.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | $19.8M | — | ||
| Q1 23 | $49.9M | — |
| Q4 25 | — | $103.8M | ||
| Q3 25 | $210.7M | $15.1M | ||
| Q2 25 | — | $-15.4M | ||
| Q1 25 | — | $-46.9M | ||
| Q3 24 | $83.3M | $-32.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | $18.1M | — | ||
| Q1 23 | $47.5M | — |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 26.7% | 1.4% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | — | -4.7% | ||
| Q3 24 | 37.2% | -2.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.9% | — | ||
| Q1 23 | 44.5% | — |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 0.8% | 0.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.8% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 0.9% | — | ||
| Q1 23 | 2.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 2.57× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.56× | — | ||
| Q1 23 | 20.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
