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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.8× Calumet, Inc.). Tapestry, Inc. runs the higher net margin — 17.9% vs -3.6%, a 21.5% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
CLMT vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.9B |
| Net Profit | $-37.3M | $343.8M |
| Gross Margin | -0.3% | 76.9% |
| Operating Margin | -6.2% | 22.3% |
| Net Margin | -3.6% | 17.9% |
| Revenue YoY | — | 21.0% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.43 | $1.65 |
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.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.0B | $2.5B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $993.9M | $1.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B |
| Q1 26 | — | $343.8M | ||
| Q4 25 | $-37.3M | $561.3M | ||
| Q3 25 | $313.4M | $274.8M | ||
| Q2 25 | $-147.9M | $-517.1M | ||
| Q1 25 | $-162.0M | $203.3M | ||
| Q4 24 | — | $310.4M | ||
| Q3 24 | $-100.6M | $186.6M | ||
| Q2 24 | $-39.1M | $159.3M |
| Q1 26 | — | 76.9% | ||
| Q4 25 | -0.3% | 75.5% | ||
| Q3 25 | 34.7% | 76.3% | ||
| Q2 25 | -4.2% | 76.3% | ||
| Q1 25 | -8.2% | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | 0.4% | 75.3% | ||
| Q2 24 | 5.6% | 74.9% |
| Q1 26 | — | 22.3% | ||
| Q4 25 | -6.2% | 28.6% | ||
| Q3 25 | 30.0% | 19.3% | ||
| Q2 25 | -9.8% | -33.9% | ||
| Q1 25 | -4.9% | 16.0% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | -5.2% | 16.7% | ||
| Q2 24 | 0.5% | 14.8% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | -3.6% | 22.4% | ||
| Q3 25 | 29.1% | 16.1% | ||
| Q2 25 | -14.4% | -30.0% | ||
| Q1 25 | -16.3% | 12.8% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | -9.1% | 12.4% | ||
| Q2 24 | -3.4% | 10.0% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | $-0.43 | $2.68 | ||
| Q3 25 | $3.61 | $1.28 | ||
| Q2 25 | $-1.70 | $-2.30 | ||
| Q1 25 | $-1.87 | $0.95 | ||
| Q4 24 | — | $1.38 | ||
| Q3 24 | $-1.18 | $0.79 | ||
| Q2 24 | $-0.48 | $0.67 |
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 | $1.1B |
| Total DebtLower is stronger | $2.1B | $2.4B |
| Stockholders' EquityBook value | $-732.7M | $682.4M |
| Total Assets | $2.7B | $6.5B |
| Debt / EquityLower = less leverage | — | 3.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $125.1M | $1.1B | ||
| Q3 25 | $94.6M | $743.2M | ||
| Q2 25 | $110.6M | $1.1B | ||
| Q1 25 | $123.4M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $34.6M | $7.3B | ||
| Q2 24 | $7.0M | $7.2B |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.3B | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $1.7B | $7.0B | ||
| Q2 24 | — | $6.9B |
| Q1 26 | — | $682.4M | ||
| Q4 25 | $-732.7M | $551.2M | ||
| Q3 25 | $-695.3M | $399.5M | ||
| Q2 25 | $-1.0B | $857.8M | ||
| Q1 25 | $-862.3M | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $-672.2M | $3.0B | ||
| Q2 24 | $-566.4M | $2.9B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.7B | $6.5B | ||
| Q3 25 | $2.7B | $6.4B | ||
| Q2 25 | $2.8B | $6.6B | ||
| Q1 25 | $2.8B | $7.3B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | $2.6B | $13.7B | ||
| Q2 24 | $100 | $13.4B |
| Q1 26 | — | 3.48× | ||
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× |
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 | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.5M | $1.1B | ||
| Q3 25 | $23.5M | $112.6M | ||
| Q2 25 | $-1.8M | $446.8M | ||
| Q1 25 | $-29.3M | $144.3M | ||
| Q4 24 | — | $506.0M | ||
| Q3 24 | $-15.5M | $119.5M | ||
| Q2 24 | — | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $1.0B | ||
| Q3 25 | $15.1M | $80.2M | ||
| Q2 25 | $-15.4M | $411.5M | ||
| Q1 25 | $-46.9M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $-32.2M | $93.9M | ||
| Q2 24 | — | $209.8M |
| Q1 26 | — | — | ||
| Q4 25 | 10.0% | 41.5% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | -1.5% | 23.9% | ||
| Q1 25 | -4.7% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | -2.9% | 6.2% | ||
| Q2 24 | — | 13.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.7% | ||
| Q3 25 | 0.8% | 1.9% | ||
| Q2 25 | 1.3% | 2.0% | ||
| Q1 25 | 1.8% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 1.5% | 1.7% | ||
| Q2 24 | 2.2% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | 0.07× | 0.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 1.61× |
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% |
TPR
Segment breakdown not available.
