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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $809.5M, roughly 1.3× Construction Partners, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs -3.6%, a 5.7% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $47.1M).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
CLMT vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $809.5M |
| Net Profit | $-37.3M | $17.2M |
| Gross Margin | -0.3% | 15.0% |
| Operating Margin | -6.2% | 6.2% |
| Net Margin | -3.6% | 2.1% |
| Revenue YoY | — | 44.1% |
| Net Profit YoY | — | 663.9% |
| EPS (diluted) | $-0.43 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $1.1B | $899.8M | ||
| Q2 25 | $1.0B | $779.3M | ||
| Q1 25 | $993.9M | $571.6M | ||
| Q4 24 | — | $561.6M | ||
| Q3 24 | $1.1B | $538.2M | ||
| Q2 24 | $1.1B | $517.8M | ||
| Q1 24 | — | $371.4M |
| Q4 25 | $-37.3M | $17.2M | ||
| Q3 25 | $313.4M | $56.6M | ||
| Q2 25 | $-147.9M | $44.0M | ||
| Q1 25 | $-162.0M | $4.2M | ||
| Q4 24 | — | $-3.1M | ||
| Q3 24 | $-100.6M | $29.3M | ||
| Q2 24 | $-39.1M | $30.9M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | -0.3% | 15.0% | ||
| Q3 25 | 34.7% | 17.7% | ||
| Q2 25 | -4.2% | 16.9% | ||
| Q1 25 | -8.2% | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 0.4% | 15.6% | ||
| Q2 24 | 5.6% | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | -6.2% | 6.2% | ||
| Q3 25 | 30.0% | 11.2% | ||
| Q2 25 | -9.8% | 10.6% | ||
| Q1 25 | -4.9% | 4.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | -5.2% | 8.5% | ||
| Q2 24 | 0.5% | 8.8% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | -3.6% | 2.1% | ||
| Q3 25 | 29.1% | 6.3% | ||
| Q2 25 | -14.4% | 5.7% | ||
| Q1 25 | -16.3% | 0.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | -9.1% | 5.4% | ||
| Q2 24 | -3.4% | 6.0% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | $-0.43 | $0.31 | ||
| Q3 25 | $3.61 | $1.03 | ||
| Q2 25 | $-1.70 | $0.79 | ||
| Q1 25 | $-1.87 | $0.08 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $-1.18 | $0.55 | ||
| Q2 24 | $-0.48 | $0.59 | ||
| Q1 24 | — | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $-732.7M | $969.1M |
| Total Assets | $2.7B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $104.1M | ||
| Q3 25 | $94.6M | $156.1M | ||
| Q2 25 | $110.6M | $114.3M | ||
| Q1 25 | $123.4M | $101.9M | ||
| Q4 24 | — | $132.5M | ||
| Q3 24 | $34.6M | $74.7M | ||
| Q2 24 | $7.0M | $56.3M | ||
| Q1 24 | — | $48.0M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.7B | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-732.7M | $969.1M | ||
| Q3 25 | $-695.3M | $912.0M | ||
| Q2 25 | $-1.0B | $853.3M | ||
| Q1 25 | $-862.3M | $807.9M | ||
| Q4 24 | — | $811.1M | ||
| Q3 24 | $-672.2M | $573.7M | ||
| Q2 24 | $-566.4M | $552.9M | ||
| Q1 24 | — | $525.0M |
| Q4 25 | $2.7B | $3.4B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.8B | $2.9B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $100 | $1.4B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 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 | $82.6M |
| Free Cash FlowOCF − Capex | $103.8M | $47.1M |
| FCF MarginFCF / Revenue | 10.0% | 5.8% |
| Capex IntensityCapex / Revenue | 1.2% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $82.6M | ||
| Q3 25 | $23.5M | $112.0M | ||
| Q2 25 | $-1.8M | $83.0M | ||
| Q1 25 | $-29.3M | $55.6M | ||
| Q4 24 | — | $40.7M | ||
| Q3 24 | $-15.5M | $95.9M | ||
| Q2 24 | — | $34.6M | ||
| Q1 24 | — | $18.2M |
| Q4 25 | $103.8M | $47.1M | ||
| Q3 25 | $15.1M | $78.9M | ||
| Q2 25 | $-15.4M | $46.4M | ||
| Q1 25 | $-46.9M | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | $-32.2M | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | 10.0% | 5.8% | ||
| Q3 25 | 1.4% | 8.8% | ||
| Q2 25 | -1.5% | 5.9% | ||
| Q1 25 | -4.7% | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | -2.9% | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | 1.2% | 4.4% | ||
| Q3 25 | 0.8% | 3.7% | ||
| Q2 25 | 1.3% | 4.7% | ||
| Q1 25 | 1.8% | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 1.5% | 3.3% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | 0.07× | 1.98× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 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% |
ROAD
Segment breakdown not available.
