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Calumet Valuation Multiples
Discover revenue and EBITDA valuation multiples for Calumet and similar public comparables like Civitas Resources, TerraVest Industries, Par Pacific Holdings, Zeon and more.
Calumet Overview
About Calumet
Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets. Its segments include: Specialty Products and Solutions; Montana/Renewables; Performance Brands; and Corporate. The company generates maximum revenue from Fuels, asphalt and other by-products.
Founded
2005
HQ

Employees
1.6K
Website
Financials (LTM)
EV
$5B
Calumet Financials
Calumet reported last 12-month revenue of $4B and EBITDA of $311M.
In the same LTM period, Calumet generated $296M in gross profit, $311M in EBITDA, and had net loss of ($32M).
Revenue (LTM)
Calumet P&L
In the most recent fiscal year, Calumet reported revenue of $4B and EBITDA of $291M.
Calumet expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $296M | XXX | $246M | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA | $311M | XXX | $291M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | ($32M) | XXX | ($34M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Calumet Stock Performance
Calumet has current market cap of $2B, and enterprise value of $5B.
Market Cap Evolution
Calumet's stock price is $26.95.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $2B | 0.0% | XXX | XXX | XXX | $-0.39 |
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Start Free TrialCalumet Valuation Multiples
Calumet trades at 1.1x EV/Revenue multiple, and 14.6x EV/EBITDA.
EV / Revenue (LTM)
Calumet Financial Valuation Multiples
As of March 18, 2026, Calumet has market cap of $2B and EV of $5B.
Equity research analysts estimate Calumet's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Calumet has a P/E ratio of (73.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 14.6x | XXX | 15.6x | XXX | XXX | XXX |
| EV/EBIT | 38.0x | XXX | 41.8x | XXX | XXX | XXX |
| EV/Gross Profit | 15.4x | XXX | 18.5x | XXX | XXX | XXX |
| P/E | (73.8x) | XXX | (69.2x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 80.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Calumet Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Calumet Margins & Growth Rates
Calumet's revenue in the last 12 month grew by 5%.
Calumet's revenue per employee in the last FY averaged $2.6M.
Calumet's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Calumet's rule of X is 20% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Calumet Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 32% | XXX | 32% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 20% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Calumet Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Civitas Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| TerraVest Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Par Pacific Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Zeon | XXX | XXX | XXX | XXX | XXX | XXX |
| Auren Energia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Calumet M&A Activity
Calumet acquired XXX companies to date.
Last acquisition by Calumet was on XXXXXXXX, XXXXX. Calumet acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Calumet
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCalumet Investment Activity
Calumet invested in XXX companies to date.
Calumet made its latest investment on XXXXXXXX, XXXXX. Calumet invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Calumet
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Calumet
| When was Calumet founded? | Calumet was founded in 2005. |
| Where is Calumet headquartered? | Calumet is headquartered in United States. |
| How many employees does Calumet have? | As of today, Calumet has over 1K employees. |
| Who is the CEO of Calumet? | Calumet's CEO is Louis Todd Borgmann. |
| Is Calumet publicly listed? | Yes, Calumet is a public company listed on Nasdaq. |
| What is the stock symbol of Calumet? | Calumet trades under CLMT ticker. |
| When did Calumet go public? | Calumet went public in 2006. |
| Who are competitors of Calumet? | Calumet main competitors are Civitas Resources, TerraVest Industries, Par Pacific Holdings, Zeon. |
| What is the current market cap of Calumet? | Calumet's current market cap is $2B. |
| What is the current revenue of Calumet? | Calumet's last 12 months revenue is $4B. |
| What is the current revenue growth of Calumet? | Calumet revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Calumet? | Current revenue multiple of Calumet is 1.1x. |
| Is Calumet profitable? | Yes, Calumet is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Calumet? | Calumet's last 12 months EBITDA is $311M. |
| What is Calumet's EBITDA margin? | Calumet's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Calumet? | Current EBITDA multiple of Calumet is 14.6x. |
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