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Side-by-side financial comparison of Calumet, Inc. (CLMT) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $766.5M, roughly 1.4× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -3.6%, a 5.7% gap on every dollar of revenue. Calumet, Inc. produced more free cash flow last quarter ($103.8M vs $28.9M).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CLMT vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $766.5M |
| Net Profit | $-37.3M | $16.5M |
| Gross Margin | -0.3% | 13.4% |
| Operating Margin | -6.2% | 2.3% |
| Net Margin | -3.6% | 2.2% |
| Revenue YoY | — | 2.5% |
| Net Profit YoY | — | -3.3% |
| EPS (diluted) | $-0.43 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.1B | $739.6M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $993.9M | $704.8M | ||
| Q4 24 | — | $747.5M | ||
| Q3 24 | $1.1B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | — | $752.6M |
| Q4 25 | $-37.3M | $16.5M | ||
| Q3 25 | $313.4M | $19.9M | ||
| Q2 25 | $-147.9M | $20.1M | ||
| Q1 25 | $-162.0M | $17.4M | ||
| Q4 24 | — | $17.1M | ||
| Q3 24 | $-100.6M | $17.0M | ||
| Q2 24 | $-39.1M | $16.1M | ||
| Q1 24 | — | $12.8M |
| Q4 25 | -0.3% | 13.4% | ||
| Q3 25 | 34.7% | 14.5% | ||
| Q2 25 | -4.2% | 12.9% | ||
| Q1 25 | -8.2% | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 0.4% | 13.1% | ||
| Q2 24 | 5.6% | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | -6.2% | 2.3% | ||
| Q3 25 | 30.0% | 3.5% | ||
| Q2 25 | -9.8% | 3.3% | ||
| Q1 25 | -4.9% | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | -5.2% | 2.3% | ||
| Q2 24 | 0.5% | 2.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | -3.6% | 2.2% | ||
| Q3 25 | 29.1% | 2.7% | ||
| Q2 25 | -14.4% | 2.5% | ||
| Q1 25 | -16.3% | 2.5% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | -9.1% | 2.2% | ||
| Q2 24 | -3.4% | 2.2% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | $-0.43 | $0.75 | ||
| Q3 25 | $3.61 | $0.89 | ||
| Q2 25 | $-1.70 | $0.87 | ||
| Q1 25 | $-1.87 | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | $-1.18 | $0.69 | ||
| Q2 24 | $-0.48 | $0.66 | ||
| Q1 24 | — | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $-732.7M | $910.9M |
| Total Assets | $2.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $83.5M | ||
| Q3 25 | $94.6M | $124.9M | ||
| Q2 25 | $110.6M | $126.2M | ||
| Q1 25 | $123.4M | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | $34.6M | $145.0M | ||
| Q2 24 | $7.0M | $185.5M | ||
| Q1 24 | — | $159.1M |
| 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 | $910.9M | ||
| Q3 25 | $-695.3M | $914.0M | ||
| Q2 25 | $-1.0B | $906.4M | ||
| Q1 25 | $-862.3M | $901.7M | ||
| Q4 24 | — | $900.7M | ||
| Q3 24 | $-672.2M | $920.9M | ||
| Q2 24 | $-566.4M | $924.3M | ||
| Q1 24 | — | $944.1M |
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.8B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $100 | $1.8B | ||
| Q1 24 | — | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $103.8M | $28.9M |
| FCF MarginFCF / Revenue | 10.0% | 3.8% |
| Capex IntensityCapex / Revenue | 1.2% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $30.8M | ||
| Q3 25 | $23.5M | $23.2M | ||
| Q2 25 | $-1.8M | — | ||
| Q1 25 | $-29.3M | $66.1M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | $-15.5M | $44.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $160.2M |
| Q4 25 | $103.8M | $28.9M | ||
| Q3 25 | $15.1M | $20.8M | ||
| Q2 25 | $-15.4M | — | ||
| Q1 25 | $-46.9M | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | $-32.2M | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
| Q4 25 | 10.0% | 3.8% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | -4.7% | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | -2.9% | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 0.8% | 0.3% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | 0.07× | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
