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Calumet, Inc.（CLMT）与ICAHN ENTERPRISES L.P.（IEP）财务数据对比。点击上方公司名可切换其他公司
ICAHN ENTERPRISES L.P.的季度营收约是Calumet, Inc.的2.6倍（$2.7B vs $1.0B）。ICAHN ENTERPRISES L.P.净利率更高（0.0% vs -3.6%，领先3.6%）。Calumet, Inc.自由现金流更多（$103.8M vs $-496.0M）
Calumet是总部位于美国的特种产品企业，专注于生产和分销高价值碳氢化合物与特种化学品，产品覆盖特种油、润滑剂、蜡制品及可再生燃料解决方案，服务北美及全球的工业、消费、交通等下游领域。
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
CLMT vs IEP — 直观对比
营收规模更大
IEP
是对方的2.6倍
$1.0B
净利率更高
IEP
高出3.6%
-3.6%
自由现金流更多
CLMT
多$599.8M
$-496.0M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $2.7B |
| 净利润 | $-37.3M | $1.0M |
| 毛利率 | -0.3% | — |
| 营业利润率 | -6.2% | 0.6% |
| 净利率 | -3.6% | 0.0% |
| 营收同比 | — | 5.4% |
| 净利润同比 | — | 101.0% |
| 每股收益（稀释后） | $-0.43 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CLMTIEP
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $993.9M | $1.9B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | — | $2.5B |
净利润CLMTIEP
| Q4 25 | $-37.3M | $1.0M | ||
| Q3 25 | $313.4M | $287.0M | ||
| Q2 25 | $-147.9M | $-165.0M | ||
| Q1 25 | $-162.0M | $-422.0M | ||
| Q4 24 | — | $-98.0M | ||
| Q3 24 | $-100.6M | $22.0M | ||
| Q2 24 | $-39.1M | $-331.0M | ||
| Q1 24 | — | $-38.0M |
毛利率CLMTIEP
| Q4 25 | -0.3% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | — | — |
营业利润率CLMTIEP
| Q4 25 | -6.2% | 0.6% | ||
| Q3 25 | 30.0% | 19.7% | ||
| Q2 25 | -9.8% | -10.4% | ||
| Q1 25 | -4.9% | -35.0% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | -5.2% | 2.4% | ||
| Q2 24 | 0.5% | -21.9% | ||
| Q1 24 | — | -0.8% |
净利率CLMTIEP
| Q4 25 | -3.6% | 0.0% | ||
| Q3 25 | 29.1% | 10.5% | ||
| Q2 25 | -14.4% | -7.0% | ||
| Q1 25 | -16.3% | -22.6% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | -9.1% | 0.8% | ||
| Q2 24 | -3.4% | -15.0% | ||
| Q1 24 | — | -1.5% |
每股收益（稀释后）CLMTIEP
| Q4 25 | $-0.43 | — | ||
| Q3 25 | $3.61 | — | ||
| Q2 25 | $-1.70 | — | ||
| Q1 25 | $-1.87 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.18 | — | ||
| Q2 24 | $-0.48 | — | ||
| Q1 24 | — | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $125.1M | $1.4B |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-732.7M | — |
| 总资产 | $2.7B | $14.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CLMTIEP
| Q4 25 | $125.1M | $1.4B | ||
| Q3 25 | $94.6M | $1.8B | ||
| Q2 25 | $110.6M | $1.8B | ||
| Q1 25 | $123.4M | $2.2B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $34.6M | $2.3B | ||
| Q2 24 | $7.0M | $2.2B | ||
| Q1 24 | — | $2.5B |
总债务CLMTIEP
| 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 | — | — |
股东权益CLMTIEP
| Q4 25 | $-732.7M | — | ||
| Q3 25 | $-695.3M | — | ||
| Q2 25 | $-1.0B | — | ||
| Q1 25 | $-862.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-672.2M | — | ||
| Q2 24 | $-566.4M | — | ||
| Q1 24 | — | — |
总资产CLMTIEP
| Q4 25 | $2.7B | $14.2B | ||
| Q3 25 | $2.7B | $14.8B | ||
| Q2 25 | $2.8B | $14.8B | ||
| Q1 25 | $2.8B | $15.5B | ||
| Q4 24 | — | $16.3B | ||
| Q3 24 | $2.6B | $17.4B | ||
| Q2 24 | $100 | $18.0B | ||
| Q1 24 | — | $20.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $116.5M | $-421.0M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $-496.0M |
| 自由现金流率自由现金流/营收 | 10.0% | -18.4% |
| 资本支出强度资本支出/营收 | 1.2% | 2.8% |
| 现金转化率经营现金流/净利润 | — | -421.00× |
| 过去12个月自由现金流最近4个季度 | $56.6M | $-654.0M |
8季度趋势，按日历期对齐
经营现金流CLMTIEP
| Q4 25 | $116.5M | $-421.0M | ||
| Q3 25 | $23.5M | $15.0M | ||
| Q2 25 | $-1.8M | $275.0M | ||
| Q1 25 | $-29.3M | $-182.0M | ||
| Q4 24 | — | $244.0M | ||
| Q3 24 | $-15.5M | $-54.0M | ||
| Q2 24 | — | $893.0M | ||
| Q1 24 | — | $-251.0M |
自由现金流CLMTIEP
| Q4 25 | $103.8M | $-496.0M | ||
| Q3 25 | $15.1M | $-67.0M | ||
| Q2 25 | $-15.4M | $179.0M | ||
| Q1 25 | $-46.9M | $-270.0M | ||
| Q4 24 | — | $156.0M | ||
| Q3 24 | $-32.2M | $-112.0M | ||
| Q2 24 | — | $827.0M | ||
| Q1 24 | — | $-319.0M |
自由现金流率CLMTIEP
| Q4 25 | 10.0% | -18.4% | ||
| Q3 25 | 1.4% | -2.5% | ||
| Q2 25 | -1.5% | 7.6% | ||
| Q1 25 | -4.7% | -14.5% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | -2.9% | -4.0% | ||
| Q2 24 | — | 37.6% | ||
| Q1 24 | — | -12.9% |
资本支出强度CLMTIEP
| Q4 25 | 1.2% | 2.8% | ||
| Q3 25 | 0.8% | 3.0% | ||
| Q2 25 | 1.3% | 4.1% | ||
| Q1 25 | 1.8% | 4.7% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 1.5% | 2.1% | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | — | 2.8% |
现金转化率CLMTIEP
| Q4 25 | — | -421.00× | ||
| Q3 25 | 0.07× | 0.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.45× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
