Calumet, Inc. is classed by the SEC under Petroleum Refining (industry code 2911), based in Indianapolis, IN. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $4.1 billion and a loss of $34 million (its filed statements).
Commodity producerPetroleum RefiningIndianapolis, INfilings since 20248 of 9 filed, 1 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a commodity producer: prior from its industry code (SEC 2911, Petroleum Refining); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 3.3 out of ten, 8 of 9 metrics filed and 1 estimated: past 1.7 out of ten, present 3.6 out of ten, future 5.6 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 1.1 out of ten. 1 warning event since 2024; the latest 2025-11-07. 11th percentile among 18 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.0 out of ten. -4.1% a year over 4 filed years; profitable in 1 of 4. 30th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 0.8 out of ten. Share count grew 3.0% a year. 0% of cash flow returned. Insiders: 6 sales, 0 purchases. 8th percentile among 13 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Financial health (present): 1.3 out of ten. Leverage 127%: owes 127¢ per asset dollar. 13th percentile among 14 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 3.3 out of ten. bottom 32% of 17 in its family; net margin -0.8%. 32nd percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 8.8 out of ten. CrossAssetData estimate 8.8/10, confidence 35 of 100 (one part). 88th percentile among 12 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Room to expand (future): 2.2 out of ten. bottom 22% of 16 in its family for room to expand. 22nd percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 5.5 out of ten. top 45% of 17 in its family for growth drivers. 55th percentile among 17 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 7.4 out of ten. top 26% of 16 in its family for expectations against reality. 74th percentile among 16 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-02-27 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-07 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-07 (on EDGAR). Newest filing: Form 4, 2026-09-28. Filings on record since 2024. Read from EDGAR 2026-10-12.
Who runs it
Borgmann, Louis Todd (CHIEF EXECUTIVE OFFICER); Lunin, David (EVP - CFO); Krutz, John Robert (Chief Accounting Officer); Fleming, Bruce A (EVP - MONTANA RENEWABLES); Morical, Gregory J (SVP, GENERAL COUNSEL); Obermeier, Scott (EVP - SPECIALTIES); Mawer, Stephen P (director); Boss, John G. (director); Raymond, Paul C (director); Schumacher, Amy M (director); and 6 more. 16 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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