Calumet (X3Q) Stock Overview

Manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally. More details

X3Q fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings are forecast to grow 51.88% per year

Earnings have grown 10.5% per year over the past 5 years

Risk Analysis

Negative shareholders equity

Shares are highly illiquid

X3Q Community Fair Values

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Calumet, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Calumet
Historical stock prices
Current Share Price	US$25.63
52 Week High	US$26.14
52 Week Low	US$23.91
Beta	1.04
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	6.70%

Recent updates

Shareholder Returns

	X3Q	DE Oil and Gas	DE Market
7D	n/a	9.0%	-1.5%
1Y	n/a	78.1%	-3.2%

Return vs Industry: Insufficient data to determine how X3Q performed against the German Oil and Gas industry.

Return vs Market: Insufficient data to determine how X3Q performed against the German Market.

Price Volatility

Is X3Q's price volatile compared to industry and market?
X3Q volatility
X3Q Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	10.9%
Market Average Movement	6.0%
10% most volatile stocks in DE Market	14.1%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: X3Q's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine X3Q's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1919	1,540	Louis Borgmann	www.calumet.com

Calumet, Inc. manufactures, formulates, and markets a slate of specialty branded products and renewable fuels in North America and internationally. It operates through Specialty Products and Solutions; Performance Brands; and Montana/Renewables segments. The Specialty Products and Solutions segment manufactures and markets various solvents, waxes, customized lubricating oils, white oils, petrolatums, gels, esters, and other products.

Calumet, Inc. Fundamentals Summary

How do Calumet's earnings and revenue compare to its market cap?
X3Q fundamental statistics
Market cap	€2.26b
Earnings (TTM)	-€29.33m
Revenue (TTM)	€3.59b

0.6x

P/S Ratio

-79.1x

P/E Ratio

Is X3Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
X3Q income statement (TTM)
Revenue	US$4.14b
Cost of Revenue	US$3.88b
Gross Profit	US$261.90m
Other Expenses	US$295.70m
Earnings	-US$33.80m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.39
Gross Margin	6.33%
Net Profit Margin	-0.82%
Debt/Equity Ratio	-458.1%

How did X3Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/26 09:33
End of Day Share Price	2026/03/26 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Calumet, Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Richard Gross	Barclays
Jennifer Fitzpatrick	BofA Global Research
Conor Fitzpatrick	BofA Global Research

Calumet, Inc.DB:X3Q Stock Report