vs
Calumet, Inc.（CLMT）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是Calumet, Inc.的6.9倍（$7.1B vs $1.0B）。PBF Energy Inc.净利率更高（1.1% vs -3.6%，领先4.7%）。Calumet, Inc.自由现金流更多（$103.8M vs $77.0M）
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。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
CLMT vs PBF — 直观对比
营收规模更大
PBF
是对方的6.9倍
$1.0B
净利率更高
PBF
高出4.7%
-3.6%
自由现金流更多
CLMT
多$26.8M
$77.0M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $7.1B |
| 净利润 | $-37.3M | $78.4M |
| 毛利率 | -0.3% | -1.8% |
| 营业利润率 | -6.2% | 1.8% |
| 净利率 | -3.6% | 1.1% |
| 营收同比 | — | -2.9% |
| 净利润同比 | — | 127.1% |
| 每股收益（稀释后） | $-0.43 | $0.74 |
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CLMTPBF
| Q4 25 | $1.0B | $7.1B | ||
| Q3 25 | $1.1B | $7.7B | ||
| Q2 25 | $1.0B | $7.5B | ||
| Q1 25 | $993.9M | $7.1B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | $1.1B | $8.4B | ||
| Q2 24 | $1.1B | $8.7B | ||
| Q1 24 | — | $8.6B |
净利润CLMTPBF
| Q4 25 | $-37.3M | $78.4M | ||
| Q3 25 | $313.4M | $170.1M | ||
| Q2 25 | $-147.9M | $-5.2M | ||
| Q1 25 | $-162.0M | $-401.8M | ||
| Q4 24 | — | $-289.3M | ||
| Q3 24 | $-100.6M | $-285.9M | ||
| Q2 24 | $-39.1M | $-65.2M | ||
| Q1 24 | — | $106.6M |
毛利率CLMTPBF
| Q4 25 | -0.3% | -1.8% | ||
| Q3 25 | 34.7% | 0.5% | ||
| Q2 25 | -4.2% | -0.8% | ||
| Q1 25 | -8.2% | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | 0.4% | -3.4% | ||
| Q2 24 | 5.6% | 0.1% | ||
| Q1 24 | — | 2.5% |
营业利润率CLMTPBF
| Q4 25 | -6.2% | 1.8% | ||
| Q3 25 | 30.0% | 3.7% | ||
| Q2 25 | -9.8% | 0.6% | ||
| Q1 25 | -4.9% | -7.2% | ||
| Q4 24 | — | -5.2% | ||
| Q3 24 | -5.2% | -4.6% | ||
| Q2 24 | 0.5% | -0.9% | ||
| Q1 24 | — | 1.7% |
净利率CLMTPBF
| Q4 25 | -3.6% | 1.1% | ||
| Q3 25 | 29.1% | 2.2% | ||
| Q2 25 | -14.4% | -0.1% | ||
| Q1 25 | -16.3% | -5.7% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | -9.1% | -3.4% | ||
| Q2 24 | -3.4% | -0.7% | ||
| Q1 24 | — | 1.2% |
每股收益（稀释后）CLMTPBF
| Q4 25 | $-0.43 | $0.74 | ||
| Q3 25 | $3.61 | $1.45 | ||
| Q2 25 | $-1.70 | $-0.05 | ||
| Q1 25 | $-1.87 | $-3.53 | ||
| Q4 24 | — | $-2.41 | ||
| Q3 24 | $-1.18 | $-2.49 | ||
| Q2 24 | $-0.48 | $-0.56 | ||
| Q1 24 | — | $0.86 |
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 | $527.9M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-732.7M | $5.3B |
| 总资产 | $2.7B | $13.0B |
| 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CLMTPBF
| Q4 25 | $125.1M | $527.9M | ||
| Q3 25 | $94.6M | $482.0M | ||
| Q2 25 | $110.6M | $590.7M | ||
| Q1 25 | $123.4M | $468.6M | ||
| Q4 24 | — | $536.1M | ||
| Q3 24 | $34.6M | $976.7M | ||
| Q2 24 | $7.0M | $1.4B | ||
| Q1 24 | — | $1.4B |
总债务CLMTPBF
| 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CLMTPBF
| Q4 25 | $-732.7M | $5.3B | ||
| Q3 25 | $-695.3M | $5.2B | ||
| Q2 25 | $-1.0B | $5.1B | ||
| Q1 25 | $-862.3M | $5.1B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $-672.2M | $5.9B | ||
| Q2 24 | $-566.4M | $6.3B | ||
| Q1 24 | — | $6.5B |
总资产CLMTPBF
| Q4 25 | $2.7B | $13.0B | ||
| Q3 25 | $2.7B | $13.0B | ||
| Q2 25 | $2.8B | $13.0B | ||
| Q1 25 | $2.8B | $13.0B | ||
| Q4 24 | — | $12.7B | ||
| Q3 24 | $2.6B | $13.1B | ||
| Q2 24 | $100 | $14.1B | ||
| Q1 24 | — | $13.8B |
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 | $366.6M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $77.0M |
| 自由现金流率自由现金流/营收 | 10.0% | 1.1% |
| 资本支出强度资本支出/营收 | 1.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 4.68× |
| 过去12个月自由现金流最近4个季度 | $56.6M | $-783.2M |
8季度趋势，按日历期对齐
经营现金流CLMTPBF
| Q4 25 | $116.5M | $366.6M | ||
| Q3 25 | $23.5M | $25.7M | ||
| Q2 25 | $-1.8M | $191.1M | ||
| Q1 25 | $-29.3M | $-661.4M | ||
| Q4 24 | — | $-329.7M | ||
| Q3 24 | $-15.5M | $-68.0M | ||
| Q2 24 | — | $425.3M | ||
| Q1 24 | — | $15.8M |
自由现金流CLMTPBF
| Q4 25 | $103.8M | $77.0M | ||
| Q3 25 | $15.1M | $-122.8M | ||
| Q2 25 | $-15.4M | $35.0M | ||
| Q1 25 | $-46.9M | $-772.4M | ||
| Q4 24 | — | $-425.7M | ||
| Q3 24 | $-32.2M | $-169.8M | ||
| Q2 24 | — | $371.8M | ||
| Q1 24 | — | $-123.8M |
自由现金流率CLMTPBF
| Q4 25 | 10.0% | 1.1% | ||
| Q3 25 | 1.4% | -1.6% | ||
| Q2 25 | -1.5% | 0.5% | ||
| Q1 25 | -4.7% | -10.9% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | -2.9% | -2.0% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | -1.4% |
资本支出强度CLMTPBF
| Q4 25 | 1.2% | 4.1% | ||
| Q3 25 | 0.8% | 1.9% | ||
| Q2 25 | 1.3% | 2.1% | ||
| Q1 25 | 1.8% | 1.6% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | 1.5% | 1.2% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | — | 1.6% |
现金转化率CLMTPBF
| Q4 25 | — | 4.68× | ||
| Q3 25 | 0.07× | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
