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Side-by-side financial comparison of Calumet, Inc. (CLMT) and CARTERS INC (CRI). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $757.8M, roughly 1.4× CARTERS INC). CARTERS INC 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 $-144.1M).
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.
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
CLMT vs CRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $757.8M |
| Net Profit | $-37.3M | $11.6M |
| Gross Margin | -0.3% | 45.1% |
| Operating Margin | -6.2% | 3.8% |
| Net Margin | -3.6% | 1.5% |
| Revenue YoY | — | -0.1% |
| Net Profit YoY | — | -80.1% |
| EPS (diluted) | $-0.43 | $0.32 |
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 | $1.1B | $757.8M | ||
| Q2 25 | $1.0B | $585.3M | ||
| Q1 25 | $993.9M | $629.8M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q4 25 | $-37.3M | — | ||
| Q3 25 | $313.4M | $11.6M | ||
| Q2 25 | $-147.9M | $446.0K | ||
| Q1 25 | $-162.0M | $15.5M | ||
| Q3 24 | $-100.6M | — | ||
| Q2 24 | $-39.1M | — |
| Q4 25 | -0.3% | — | ||
| Q3 25 | 34.7% | 45.1% | ||
| Q2 25 | -4.2% | 48.1% | ||
| Q1 25 | -8.2% | 46.2% | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 5.6% | — |
| Q4 25 | -6.2% | — | ||
| Q3 25 | 30.0% | 3.8% | ||
| Q2 25 | -9.8% | 0.7% | ||
| Q1 25 | -4.9% | 4.1% | ||
| Q3 24 | -5.2% | — | ||
| Q2 24 | 0.5% | — |
| Q4 25 | -3.6% | — | ||
| Q3 25 | 29.1% | 1.5% | ||
| Q2 25 | -14.4% | 0.1% | ||
| Q1 25 | -16.3% | 2.5% | ||
| Q3 24 | -9.1% | — | ||
| Q2 24 | -3.4% | — |
| Q4 25 | $-0.43 | — | ||
| Q3 25 | $3.61 | $0.32 | ||
| Q2 25 | $-1.70 | $0.01 | ||
| Q1 25 | $-1.87 | $0.43 | ||
| Q3 24 | $-1.18 | — | ||
| Q2 24 | $-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 | $125.1M | $184.2M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $-732.7M | $864.6M |
| Total Assets | $2.7B | $2.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | — | ||
| Q3 25 | $94.6M | $184.2M | ||
| Q2 25 | $110.6M | $338.2M | ||
| Q1 25 | $123.4M | $320.8M | ||
| Q3 24 | $34.6M | — | ||
| Q2 24 | $7.0M | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.3B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | — | — |
| Q4 25 | $-732.7M | — | ||
| Q3 25 | $-695.3M | $864.6M | ||
| Q2 25 | $-1.0B | $853.9M | ||
| Q1 25 | $-862.3M | $847.2M | ||
| Q3 24 | $-672.2M | — | ||
| Q2 24 | $-566.4M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $100 | — |
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 | $-128.0M |
| Free Cash FlowOCF − Capex | $103.8M | $-144.1M |
| FCF MarginFCF / Revenue | 10.0% | -19.0% |
| Capex IntensityCapex / Revenue | 1.2% | 2.1% |
| Cash ConversionOCF / Net Profit | — | -11.04× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | — | ||
| Q3 25 | $23.5M | $-128.0M | ||
| Q2 25 | $-1.8M | $40.3M | ||
| Q1 25 | $-29.3M | $-48.6M | ||
| Q3 24 | $-15.5M | — | ||
| Q2 24 | — | — |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $15.1M | $-144.1M | ||
| Q2 25 | $-15.4M | $24.1M | ||
| Q1 25 | $-46.9M | $-59.0M | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | — | — |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 1.4% | -19.0% | ||
| Q2 25 | -1.5% | 4.1% | ||
| Q1 25 | -4.7% | -9.4% | ||
| Q3 24 | -2.9% | — | ||
| Q2 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.8% | 2.1% | ||
| Q2 25 | 1.3% | 2.8% | ||
| Q1 25 | 1.8% | 1.6% | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.07× | -11.04× | ||
| Q2 25 | — | 90.37× | ||
| Q1 25 | — | -3.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
