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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $853.7M, roughly 1.2× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs -3.6%, a 26.7% gap on every dollar of revenue.
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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
CLMT vs PRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $853.7M |
| Net Profit | $-37.3M | $197.0M |
| Gross Margin | -0.3% | — |
| Operating Margin | -6.2% | 28.9% |
| Net Margin | -3.6% | 23.1% |
| Revenue YoY | — | 11.0% |
| Net Profit YoY | — | 17.9% |
| EPS (diluted) | $-0.43 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $1.1B | $839.9M | ||
| Q2 25 | $1.0B | $793.3M | ||
| Q1 25 | $993.9M | $804.8M | ||
| Q4 24 | — | $768.8M | ||
| Q3 24 | $1.1B | $774.1M | ||
| Q2 24 | $1.1B | $803.4M | ||
| Q1 24 | — | $742.8M |
| Q4 25 | $-37.3M | $197.0M | ||
| Q3 25 | $313.4M | $206.8M | ||
| Q2 25 | $-147.9M | $178.3M | ||
| Q1 25 | $-162.0M | $169.1M | ||
| Q4 24 | — | $167.1M | ||
| Q3 24 | $-100.6M | $164.4M | ||
| Q2 24 | $-39.1M | $1.2M | ||
| Q1 24 | — | $137.9M |
| Q4 25 | -0.3% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 5.6% | 98.0% | ||
| Q1 24 | — | 98.2% |
| Q4 25 | -6.2% | 28.9% | ||
| Q3 25 | 30.0% | 32.3% | ||
| Q2 25 | -9.8% | 29.6% | ||
| Q1 25 | -4.9% | 27.5% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | -5.2% | 32.9% | ||
| Q2 24 | 0.5% | 1.0% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | -3.6% | 23.1% | ||
| Q3 25 | 29.1% | 24.6% | ||
| Q2 25 | -14.4% | 22.5% | ||
| Q1 25 | -16.3% | 21.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | -9.1% | 21.2% | ||
| Q2 24 | -3.4% | 0.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | $-0.43 | $6.11 | ||
| Q3 25 | $3.61 | $6.35 | ||
| Q2 25 | $-1.70 | $5.40 | ||
| Q1 25 | $-1.87 | $5.05 | ||
| Q4 24 | — | $4.92 | ||
| Q3 24 | $-1.18 | $4.83 | ||
| Q2 24 | $-0.48 | $0.03 | ||
| Q1 24 | — | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $-732.7M | $2.4B |
| Total Assets | $2.7B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $756.2M | ||
| Q3 25 | $94.6M | $644.9M | ||
| Q2 25 | $110.6M | $621.2M | ||
| Q1 25 | $123.4M | $625.1M | ||
| Q4 24 | — | $687.8M | ||
| Q3 24 | $34.6M | $550.1M | ||
| Q2 24 | $7.0M | $627.3M | ||
| Q1 24 | — | $593.4M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-732.7M | $2.4B | ||
| Q3 25 | $-695.3M | $2.3B | ||
| Q2 25 | $-1.0B | $2.3B | ||
| Q1 25 | $-862.3M | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $-672.2M | $1.9B | ||
| Q2 24 | $-566.4M | $2.1B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $2.7B | $15.0B | ||
| Q3 25 | $2.7B | $14.8B | ||
| Q2 25 | $2.8B | $14.8B | ||
| Q1 25 | $2.8B | $14.6B | ||
| Q4 24 | — | $14.6B | ||
| Q3 24 | $2.6B | $14.8B | ||
| Q2 24 | $100 | $14.6B | ||
| Q1 24 | — | $14.9B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $338.2M | ||
| Q3 25 | $23.5M | $202.9M | ||
| Q2 25 | $-1.8M | $162.6M | ||
| Q1 25 | $-29.3M | $197.5M | ||
| Q4 24 | — | $270.6M | ||
| Q3 24 | $-15.5M | $207.3M | ||
| Q2 24 | — | $173.3M | ||
| Q1 24 | — | $210.9M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $15.1M | — | ||
| Q2 25 | $-15.4M | — | ||
| Q1 25 | $-46.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | -4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | 0.07× | 0.98× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | — | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
