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Side-by-side financial comparison of BRUNSWICK CORP (BC) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
BRUNSWICK CORP is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.3× Calumet, Inc.). BRUNSWICK CORP runs the higher net margin — 1.5% vs -3.6%, a 5.1% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $-116.8M).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
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.
BC vs CLMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.0B |
| Net Profit | $21.0M | $-37.3M |
| Gross Margin | 24.9% | -0.3% |
| Operating Margin | 3.6% | -6.2% |
| Net Margin | 1.5% | -3.6% |
| Revenue YoY | 17.3% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.32 | $-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 | $1.4B | — | ||
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.2B | $993.9M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $21.0M | — | ||
| Q4 25 | $18.7M | $-37.3M | ||
| Q3 25 | $-235.5M | $313.4M | ||
| Q2 25 | $59.3M | $-147.9M | ||
| Q1 25 | $20.2M | $-162.0M | ||
| Q4 24 | $-82.5M | — | ||
| Q3 24 | $44.6M | $-100.6M | ||
| Q2 24 | $100.0M | $-39.1M |
| Q1 26 | 24.9% | — | ||
| Q4 25 | 23.1% | -0.3% | ||
| Q3 25 | 25.8% | 34.7% | ||
| Q2 25 | 25.5% | -4.2% | ||
| Q1 25 | 24.9% | -8.2% | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | 0.4% | ||
| Q2 24 | 27.1% | 5.6% |
| Q1 26 | 3.6% | — | ||
| Q4 25 | 3.1% | -6.2% | ||
| Q3 25 | -17.8% | 30.0% | ||
| Q2 25 | 7.1% | -9.8% | ||
| Q1 25 | 4.6% | -4.9% | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 7.7% | -5.2% | ||
| Q2 24 | 11.0% | 0.5% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | -3.6% | ||
| Q3 25 | -17.3% | 29.1% | ||
| Q2 25 | 4.1% | -14.4% | ||
| Q1 25 | 1.7% | -16.3% | ||
| Q4 24 | -7.1% | — | ||
| Q3 24 | 3.5% | -9.1% | ||
| Q2 24 | 6.9% | -3.4% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.32 | $-0.43 | ||
| Q3 25 | $-3.59 | $3.61 | ||
| Q2 25 | $0.89 | $-1.70 | ||
| Q1 25 | $0.30 | $-1.87 | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $0.67 | $-1.18 | ||
| Q2 24 | $1.48 | $-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 | $277.8M | $125.1M |
| Total DebtLower is stronger | $490.2M | $2.1B |
| Stockholders' EquityBook value | $1.6B | $-732.7M |
| Total Assets | $5.5B | $2.7B |
| Debt / EquityLower = less leverage | 0.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $277.8M | — | ||
| Q4 25 | $256.8M | $125.1M | ||
| Q3 25 | $297.7M | $94.6M | ||
| Q2 25 | $315.7M | $110.6M | ||
| Q1 25 | $286.7M | $123.4M | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | $34.6M | ||
| Q2 24 | $494.5M | $7.0M |
| Q1 26 | $490.2M | — | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $-732.7M | ||
| Q3 25 | $1.6B | $-695.3M | ||
| Q2 25 | $1.9B | $-1.0B | ||
| Q1 25 | $1.9B | $-862.3M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | $-672.2M | ||
| Q2 24 | $2.0B | $-566.4M |
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.3B | $2.7B | ||
| Q3 25 | $5.4B | $2.7B | ||
| Q2 25 | $5.8B | $2.8B | ||
| Q1 25 | $5.9B | $2.8B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.0B | $2.6B | ||
| Q2 24 | $6.4B | $100 |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $116.5M |
| Free Cash FlowOCF − Capex | $-116.8M | $103.8M |
| FCF MarginFCF / Revenue | -8.5% | 10.0% |
| Capex IntensityCapex / Revenue | 4.2% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $344.6M | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | $116.5M | ||
| Q3 25 | $140.4M | $23.5M | ||
| Q2 25 | $316.2M | $-1.8M | ||
| Q1 25 | $-27.4M | $-29.3M | ||
| Q4 24 | $306.4M | — | ||
| Q3 24 | $67.4M | $-15.5M | ||
| Q2 24 | $211.0M | — |
| Q1 26 | $-116.8M | — | ||
| Q4 25 | $83.6M | $103.8M | ||
| Q3 25 | $106.5M | $15.1M | ||
| Q2 25 | $271.3M | $-15.4M | ||
| Q1 25 | $-65.1M | $-46.9M | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $31.4M | $-32.2M | ||
| Q2 24 | $163.9M | — |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 6.3% | 10.0% | ||
| Q3 25 | 7.8% | 1.4% | ||
| Q2 25 | 18.7% | -1.5% | ||
| Q1 25 | -5.3% | -4.7% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 2.5% | -2.9% | ||
| Q2 24 | 11.4% | — |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.7% | 1.2% | ||
| Q3 25 | 2.5% | 0.8% | ||
| Q2 25 | 3.1% | 1.3% | ||
| Q1 25 | 3.1% | 1.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | 1.5% | ||
| Q2 24 | 3.3% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | — | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | 5.33× | — | ||
| Q1 25 | -1.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 2.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BC
Segment breakdown not available.
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
