vs
Calumet, Inc.（CLMT）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Calumet, Inc.的季度营收约是Reddit, Inc.的1.4倍（$1.0B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs -3.6%，领先38.3%），Reddit, Inc.自由现金流更多（$263.6M vs $103.8M）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CLMT vs RDDT — 直观对比
营收规模更大
CLMT
是对方的1.4倍
$725.6M
净利率更高
RDDT
高出38.3%
-3.6%
自由现金流更多
RDDT
多$159.8M
$103.8M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $725.6M |
| 净利润 | $-37.3M | $251.6M |
| 毛利率 | -0.3% | 91.9% |
| 营业利润率 | -6.2% | 31.9% |
| 净利率 | -3.6% | 34.7% |
| 营收同比 | — | 69.7% |
| 净利润同比 | — | 254.2% |
| 每股收益（稀释后） | $-0.43 | $1.24 |
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CLMTRDDT
| Q4 25 | $1.0B | $725.6M | ||
| Q3 25 | $1.1B | $584.9M | ||
| Q2 25 | $1.0B | $499.6M | ||
| Q1 25 | $993.9M | $392.4M | ||
| Q4 24 | — | $427.7M | ||
| Q3 24 | $1.1B | $348.4M | ||
| Q2 24 | $1.1B | $281.2M | ||
| Q1 24 | — | $243.0M |
净利润CLMTRDDT
| Q4 25 | $-37.3M | $251.6M | ||
| Q3 25 | $313.4M | $162.7M | ||
| Q2 25 | $-147.9M | $89.3M | ||
| Q1 25 | $-162.0M | $26.2M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | $-100.6M | $29.9M | ||
| Q2 24 | $-39.1M | $-10.1M | ||
| Q1 24 | — | $-575.1M |
毛利率CLMTRDDT
| Q4 25 | -0.3% | 91.9% | ||
| Q3 25 | 34.7% | 91.0% | ||
| Q2 25 | -4.2% | 90.8% | ||
| Q1 25 | -8.2% | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | 0.4% | 90.1% | ||
| Q2 24 | 5.6% | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率CLMTRDDT
| Q4 25 | -6.2% | 31.9% | ||
| Q3 25 | 30.0% | 23.7% | ||
| Q2 25 | -9.8% | 13.6% | ||
| Q1 25 | -4.9% | 1.0% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | -5.2% | 2.0% | ||
| Q2 24 | 0.5% | -11.0% | ||
| Q1 24 | — | -242.5% |
净利率CLMTRDDT
| Q4 25 | -3.6% | 34.7% | ||
| Q3 25 | 29.1% | 27.8% | ||
| Q2 25 | -14.4% | 17.9% | ||
| Q1 25 | -16.3% | 6.7% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | -9.1% | 8.6% | ||
| Q2 24 | -3.4% | -3.6% | ||
| Q1 24 | — | -236.7% |
每股收益（稀释后）CLMTRDDT
| Q4 25 | $-0.43 | $1.24 | ||
| Q3 25 | $3.61 | $0.80 | ||
| Q2 25 | $-1.70 | $0.45 | ||
| Q1 25 | $-1.87 | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | $-1.18 | $0.16 | ||
| Q2 24 | $-0.48 | $-0.06 | ||
| Q1 24 | — | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-732.7M | $2.9B |
| 总资产 | $2.7B | $3.2B |
| 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CLMTRDDT
| Q4 25 | $125.1M | $953.6M | ||
| Q3 25 | $94.6M | $911.7M | ||
| Q2 25 | $110.6M | $734.1M | ||
| Q1 25 | $123.4M | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | $34.6M | $515.9M | ||
| Q2 24 | $7.0M | $468.0M | ||
| Q1 24 | — | $968.5M |
总债务CLMTRDDT
| 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CLMTRDDT
| Q4 25 | $-732.7M | $2.9B | ||
| Q3 25 | $-695.3M | $2.6B | ||
| Q2 25 | $-1.0B | $2.4B | ||
| Q1 25 | $-862.3M | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $-672.2M | $2.0B | ||
| Q2 24 | $-566.4M | $1.9B | ||
| Q1 24 | — | $1.8B |
总资产CLMTRDDT
| Q4 25 | $2.7B | $3.2B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $2.8B | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $100 | $2.1B | ||
| Q1 24 | — | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $263.6M |
| 自由现金流率自由现金流/营收 | 10.0% | 36.3% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $56.6M | $684.2M |
8季度趋势，按日历期对齐
经营现金流CLMTRDDT
| Q4 25 | $116.5M | $266.8M | ||
| Q3 25 | $23.5M | $185.2M | ||
| Q2 25 | $-1.8M | $111.3M | ||
| Q1 25 | $-29.3M | $127.6M | ||
| Q4 24 | — | $90.0M | ||
| Q3 24 | $-15.5M | $71.6M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | — | $32.1M |
自由现金流CLMTRDDT
| Q4 25 | $103.8M | $263.6M | ||
| Q3 25 | $15.1M | $183.1M | ||
| Q2 25 | $-15.4M | $110.8M | ||
| Q1 25 | $-46.9M | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $-32.2M | $70.3M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | — | $29.2M |
自由现金流率CLMTRDDT
| Q4 25 | 10.0% | 36.3% | ||
| Q3 25 | 1.4% | 31.3% | ||
| Q2 25 | -1.5% | 22.2% | ||
| Q1 25 | -4.7% | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -2.9% | 20.2% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 12.0% |
资本支出强度CLMTRDDT
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 0.8% | 0.4% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | — | 1.2% |
现金转化率CLMTRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 0.07× | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
