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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Take-Two Interactive (TTWO). Click either name above to swap in a different company.
Take-Two Interactive is the larger business by last-quarter revenue ($1.7B vs $1.0B, roughly 1.6× Calumet, Inc.). Calumet, Inc. runs the higher net margin — -3.6% vs -5.5%, a 1.9% gap on every dollar of revenue. Take-Two Interactive produced more free cash flow last quarter ($236.2M 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.
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993.
CLMT vs TTWO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.7B |
| Net Profit | $-37.3M | $-92.9M |
| Gross Margin | -0.3% | 55.7% |
| Operating Margin | -6.2% | -2.3% |
| Net Margin | -3.6% | -5.5% |
| Revenue YoY | — | 24.9% |
| Net Profit YoY | — | 25.8% |
| EPS (diluted) | $-0.43 | $-0.50 |
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 | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $993.9M | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $-37.3M | $-92.9M | ||
| Q3 25 | $313.4M | $-133.9M | ||
| Q2 25 | $-147.9M | $-11.9M | ||
| Q1 25 | $-162.0M | $-3.7B | ||
| Q4 24 | — | $-125.2M | ||
| Q3 24 | $-100.6M | $-365.5M | ||
| Q2 24 | $-39.1M | $-262.0M | ||
| Q1 24 | — | $-2.9B |
| Q4 25 | -0.3% | 55.7% | ||
| Q3 25 | 34.7% | 55.3% | ||
| Q2 25 | -4.2% | 62.8% | ||
| Q1 25 | -8.2% | 50.8% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | 0.4% | 53.8% | ||
| Q2 24 | 5.6% | 57.6% | ||
| Q1 24 | — | 33.5% |
| Q4 25 | -6.2% | -2.3% | ||
| Q3 25 | 30.0% | -5.5% | ||
| Q2 25 | -9.8% | 1.4% | ||
| Q1 25 | -4.9% | -238.7% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | -5.2% | -22.0% | ||
| Q2 24 | 0.5% | -13.8% | ||
| Q1 24 | — | -193.9% |
| Q4 25 | -3.6% | -5.5% | ||
| Q3 25 | 29.1% | -7.5% | ||
| Q2 25 | -14.4% | -0.8% | ||
| Q1 25 | -16.3% | -235.5% | ||
| Q4 24 | — | -9.2% | ||
| Q3 24 | -9.1% | -27.0% | ||
| Q2 24 | -3.4% | -19.6% | ||
| Q1 24 | — | -207.4% |
| Q4 25 | $-0.43 | $-0.50 | ||
| Q3 25 | $3.61 | $-0.73 | ||
| Q2 25 | $-1.70 | $-0.07 | ||
| Q1 25 | $-1.87 | $-21.27 | ||
| Q4 24 | — | $-0.71 | ||
| Q3 24 | $-1.18 | $-2.08 | ||
| Q2 24 | $-0.48 | $-1.52 | ||
| Q1 24 | — | $-17.05 |
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 | $2.4B |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $-732.7M | $3.5B |
| Total Assets | $2.7B | $10.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $2.4B | ||
| Q3 25 | $94.6M | $2.1B | ||
| Q2 25 | $110.6M | $2.0B | ||
| Q1 25 | $123.4M | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $34.6M | $879.6M | ||
| Q2 24 | $7.0M | $1.1B | ||
| Q1 24 | — | $776.0M |
| 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 | $3.5B | ||
| Q3 25 | $-695.3M | $3.4B | ||
| Q2 25 | $-1.0B | $3.5B | ||
| Q1 25 | $-862.3M | $2.1B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | $-672.2M | $5.8B | ||
| Q2 24 | $-566.4M | $6.0B | ||
| Q1 24 | — | $5.7B |
| Q4 25 | $2.7B | $10.0B | ||
| Q3 25 | $2.7B | $10.1B | ||
| Q2 25 | $2.8B | $9.7B | ||
| Q1 25 | $2.8B | $9.2B | ||
| Q4 24 | — | $12.7B | ||
| Q3 24 | $2.6B | $13.1B | ||
| Q2 24 | $100 | $12.9B | ||
| Q1 24 | — | $12.2B |
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 | $305.2M |
| Free Cash FlowOCF − Capex | $103.8M | $236.2M |
| FCF MarginFCF / Revenue | 10.0% | 13.9% |
| Capex IntensityCapex / Revenue | 1.2% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | $487.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $305.2M | ||
| Q3 25 | $23.5M | $128.4M | ||
| Q2 25 | $-1.8M | $-44.7M | ||
| Q1 25 | $-29.3M | $279.0M | ||
| Q4 24 | — | $-4.8M | ||
| Q3 24 | $-15.5M | $-128.4M | ||
| Q2 24 | — | $-191.0M | ||
| Q1 24 | — | $-8.9M |
| Q4 25 | $103.8M | $236.2M | ||
| Q3 25 | $15.1M | $96.5M | ||
| Q2 25 | $-15.4M | $-69.8M | ||
| Q1 25 | $-46.9M | $224.9M | ||
| Q4 24 | — | $-48.2M | ||
| Q3 24 | $-32.2M | $-165.2M | ||
| Q2 24 | — | $-226.1M | ||
| Q1 24 | — | $-55.1M |
| Q4 25 | 10.0% | 13.9% | ||
| Q3 25 | 1.4% | 5.4% | ||
| Q2 25 | -1.5% | -4.6% | ||
| Q1 25 | -4.7% | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | -2.9% | -12.2% | ||
| Q2 24 | — | -16.9% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | 1.2% | 4.1% | ||
| Q3 25 | 0.8% | 1.8% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 1.8% | 3.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 1.5% | 2.7% | ||
| Q2 24 | 2.2% | 2.6% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
TTWO
Segment breakdown not available.
