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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $539.3M, roughly 1.9× Simpson Manufacturing Co., Inc.). Simpson Manufacturing Co., Inc. runs the higher net margin — 10.4% vs -3.6%, a 14.0% gap on every dollar of revenue. Simpson Manufacturing Co., Inc. produced more free cash flow last quarter ($119.0M vs $103.8M).
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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
CLMT vs SSD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $539.3M |
| Net Profit | $-37.3M | $56.2M |
| Gross Margin | -0.3% | 43.4% |
| Operating Margin | -6.2% | 13.9% |
| Net Margin | -3.6% | 10.4% |
| Revenue YoY | — | 4.2% |
| Net Profit YoY | — | 1.4% |
| EPS (diluted) | $-0.43 | $1.34 |
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 | $539.3M | ||
| Q3 25 | $1.1B | $623.5M | ||
| Q2 25 | $1.0B | $631.1M | ||
| Q1 25 | $993.9M | $538.9M | ||
| Q4 24 | — | $517.4M | ||
| Q3 24 | $1.1B | $587.2M | ||
| Q2 24 | $1.1B | $597.0M | ||
| Q1 24 | — | $530.6M |
| Q4 25 | $-37.3M | $56.2M | ||
| Q3 25 | $313.4M | $107.4M | ||
| Q2 25 | $-147.9M | $103.5M | ||
| Q1 25 | $-162.0M | $77.9M | ||
| Q4 24 | — | $55.4M | ||
| Q3 24 | $-100.6M | $93.5M | ||
| Q2 24 | $-39.1M | $97.8M | ||
| Q1 24 | — | $75.4M |
| Q4 25 | -0.3% | 43.4% | ||
| Q3 25 | 34.7% | 46.4% | ||
| Q2 25 | -4.2% | 46.7% | ||
| Q1 25 | -8.2% | 46.8% | ||
| Q4 24 | — | 44.0% | ||
| Q3 24 | 0.4% | 46.8% | ||
| Q2 24 | 5.6% | 46.7% | ||
| Q1 24 | — | 46.1% |
| Q4 25 | -6.2% | 13.9% | ||
| Q3 25 | 30.0% | 22.6% | ||
| Q2 25 | -9.8% | 22.2% | ||
| Q1 25 | -4.9% | 19.0% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | -5.2% | 21.3% | ||
| Q2 24 | 0.5% | 22.1% | ||
| Q1 24 | — | 18.1% |
| Q4 25 | -3.6% | 10.4% | ||
| Q3 25 | 29.1% | 17.2% | ||
| Q2 25 | -14.4% | 16.4% | ||
| Q1 25 | -16.3% | 14.5% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | -9.1% | 15.9% | ||
| Q2 24 | -3.4% | 16.4% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | $-0.43 | $1.34 | ||
| Q3 25 | $3.61 | $2.58 | ||
| Q2 25 | $-1.70 | $2.47 | ||
| Q1 25 | $-1.87 | $1.85 | ||
| Q4 24 | — | $1.31 | ||
| Q3 24 | $-1.18 | $2.21 | ||
| Q2 24 | $-0.48 | $2.31 | ||
| Q1 24 | — | $1.77 |
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 | $384.1M |
| Total DebtLower is stronger | $2.1B | $300.0M |
| Stockholders' EquityBook value | $-732.7M | $2.0B |
| Total Assets | $2.7B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $384.1M | ||
| Q3 25 | $94.6M | $297.3M | ||
| Q2 25 | $110.6M | $190.4M | ||
| Q1 25 | $123.4M | $150.3M | ||
| Q4 24 | — | $239.4M | ||
| Q3 24 | $34.6M | $339.4M | ||
| Q2 24 | $7.0M | $354.9M | ||
| Q1 24 | — | $369.1M |
| Q4 25 | $2.1B | $300.0M | ||
| Q3 25 | $2.1B | $371.3M | ||
| Q2 25 | $2.1B | $376.9M | ||
| Q1 25 | $2.3B | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | $1.7B | $393.8M | ||
| Q2 24 | — | $399.4M | ||
| Q1 24 | — | $405.0M |
| Q4 25 | $-732.7M | $2.0B | ||
| Q3 25 | $-695.3M | $2.0B | ||
| Q2 25 | $-1.0B | $1.9B | ||
| Q1 25 | $-862.3M | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $-672.2M | $1.9B | ||
| Q2 24 | $-566.4M | $1.8B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $2.7B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $2.8B | $3.0B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $100 | $2.8B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.23× |
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 | $155.7M |
| Free Cash FlowOCF − Capex | $103.8M | $119.0M |
| FCF MarginFCF / Revenue | 10.0% | 22.1% |
| Capex IntensityCapex / Revenue | 1.2% | 6.8% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | $297.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $155.7M | ||
| Q3 25 | $23.5M | $170.2M | ||
| Q2 25 | $-1.8M | $125.2M | ||
| Q1 25 | $-29.3M | $7.6M | ||
| Q4 24 | — | $115.8M | ||
| Q3 24 | $-15.5M | $103.3M | ||
| Q2 24 | — | $111.1M | ||
| Q1 24 | — | $7.9M |
| Q4 25 | $103.8M | $119.0M | ||
| Q3 25 | $15.1M | $133.9M | ||
| Q2 25 | $-15.4M | $87.3M | ||
| Q1 25 | $-46.9M | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | $-32.2M | $58.1M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $-31.5M |
| Q4 25 | 10.0% | 22.1% | ||
| Q3 25 | 1.4% | 21.5% | ||
| Q2 25 | -1.5% | 13.8% | ||
| Q1 25 | -4.7% | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -2.9% | 9.9% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | -5.9% |
| Q4 25 | 1.2% | 6.8% | ||
| Q3 25 | 0.8% | 5.8% | ||
| Q2 25 | 1.3% | 6.0% | ||
| Q1 25 | 1.8% | 9.3% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 1.5% | 7.7% | ||
| Q2 24 | 2.2% | 6.7% | ||
| Q1 24 | — | 7.4% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | 0.07× | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 2.09× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 0.11× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
