CLMT vs Q vs SOLS Stock Comparison

Calumet, Qnity Electronics and Solstice Advanced Materials Prices as of Oct 23, 2026 Peers: Industry group
CLMT Calumet, Inc. /DE
$49.31 -9.3% 1M +146.7% 1Y
Market cap
$4.57B
P/E
–
Revenue (TTM)
$4.59B
Div. yield
–
Specialty Chemicals Basic Materials
3 wins
Q Qnity Electronics, Inc.
$109.85 -11.8% 1M
Market cap
$23.93B
P/E
40.8x
Revenue (TTM)
$5.21B
Div. yield
0.00%
Specialty Chemicals Basic Materials
5 wins

Head to Head

10 decided of 12

Qnity Electronics leads on 5 of the 12 questions below (Qnity Electronics 5, Calumet 3, Solstice Advanced Materials 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLMTQSOLSLeader
Larger companyMarket capitalisation $4.57B $23.93B $9.59B Q
Cheaper on earningsLower P/E, profitable companies only -33.4x 40.8x 45.7x Q
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 25.3x 22.0x SOLS
Faster revenue growthRevenue growth, trailing twelve months +12.8% +14.8% +9.2% Q
More profitableNet margin, trailing twelve months -3.0% 11.2% 5.1% Q
Better return on capitalReturn on invested capital 2.0% 8.3% 9.8% SOLS
Less leveragedLower net debt / EBITDA -12.3x 1.8x 1.3x CLMT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +146.7% — +29.2% CLMT
Better 5-year returnAnnualised price return, 5 years +34.9%/yr — — –
Less volatileAnnualised volatility, 1 year 43.3% 55.2% 54.8% CLMT
Higher overall scoreMean of the five percentile scores vs peers 43/100 61/100 38/100 Q

Percentile Scorecard

CLMTQSOLS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLMTQSOLS
Valuation 33 #63 of 94 39 #58 of 94 38 #59 of 94
Growth 97 #4 of 92 52 #45 of 92 21 #73 of 92
Profitability 36 #57 of 89 88 #12 of 89 78 #20 of 89
Financial Health 6 #91 of 97 68 #32 of 97 42 #57 of 97
Shareholder Returns – 58 #30 of 70 13 #61 of 70
Overall 43 61 38
  • CLMT ranked among 99 companies in Chemicals
  • Q ranked among 99 companies in Chemicals
  • SOLS ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLMTQSOLSSPY
1 month -9.3%-11.8%+2.5% -1.0%
3 months +18.3%-18.7%-1.9% +2.9%
6 months +61.2%-24.0%-26.9% +6.4%
Year to date +148.2%+34.5%+22.3% +11.4%
1 year +146.7%—+29.2% +13.1%
3 years +216.3%—— +79.4%
3 years, per year +46.8%—— +21.5%
5 years +345.8%—— +67.7%
5 years, per year +34.9%—— +10.9%
10 years +1,102.7%—— +255.2%
10 years, per year +28.2%—— +13.5%

Risk

MeasureCLMTQSOLSSPY
Volatility, 1Y 43.3%55.2%54.8% 12.7%
Downside volatility, 1Y 43.8%58.5%54.0% 12.7%
Beta vs S&P 500, 1Y -0.092.641.53 1.00
Return / volatility, 1Y 3.39—0.53 1.03
Max drawdown, 5Y -61.9%-38.1%-37.5% -25.4%
From 52-week high -16.5%-37.5%-32.9% -2.5%
52-week high $59.05$175.64$88.60 $779.14
52-week low $18.22$73.54$41.43 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLMTQSOLS
P/E now vs peer median -31.6xmedian 21.5x 39.3xmedian 21.5x 44.9xmedian 21.5x
P/S now vs peer median 0.9xmedian 1.4x 4.4xmedian 1.4x 2.3xmedian 1.4x
EV/EBITDA now vs peer median -37.0xmedian 12.4x 15.1xmedian 12.4x 11.7xmedian 12.4x
P/FCF now vs peer median 58.9xmedian 15.5x 27.9xmedian 15.5x 48.4xmedian 15.5x
P/B now vs peer median -3.8xmedian 1.6x 3.0xmedian 1.6x 5.9xmedian 1.6x
PEG now vs peer median —median 1.70 —median 1.70 —median 1.70

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLMTQSOLS
Revenue $4.59B $5.21B $4.10B
Gross profit $301.50M $2.41B $1.25B
Operating income $47.10M $1.34B $692.00M
Net income -$136.80M $630.00M $258.00M
Free cash flow $73.50M $825.00M $195.00M
R&D – $374.00M $106.00M
EPS (diluted) $-1.56 $2.79 $1.32
Cash & equivalents $109.80M $961.00M $750.00M
Total debt $2.26B $9.77B $4.25B
Shares (diluted) 87.59M 210.20M 159.40M
Enterprise value $4.10B $21.07B $7.25B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLMTQSOLS
P/E -31.6x 39.3x 44.9x
P/FCF 58.9x 27.9x 48.4x
P/Operating cash flow 29.6x 19.7x 15.6x
P/S 0.9x 4.4x 2.3x
P/B -3.8x 3.0x 5.9x
P/Tangible book -3.8x 3.5x 6.1x
EV/EBITDA -37.0x 15.1x 11.7x
EV/EBIT 137.6x 19.5x 15.4x
EV/Revenue 1.4x 5.0x 2.6x
EV/FCF 88.2x 31.6x 54.7x
EV/Operating cash flow 44.4x 22.3x 17.6x
PEG (3Y EPS CAGR) – – –

Growth

14 metrics
MetricCLMTQSOLS
Revenue growth (1Y) 12.8% 14.8% 9.2%
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) 926.0% 13.3% -4.9%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 125.6% 11.6% -17.4%
Operating income CAGR (3Y) – – –
Net income growth (1Y) 69.7% -23.6% -50.9%
Net income CAGR (3Y) – – –
EPS growth (1Y) 70.0% -26.4% -59.5%
EPS CAGR (3Y) – – –
Operating cash flow growth (1Y) 392.2% – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) 159.8% – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricCLMTQSOLS
Gross margin 6.6% 46.2% 30.6%
EBITDA margin -3.8% 33.0% 22.3%
Operating margin 1.0% 25.6% 16.9%
Pretax margin -5.9% 16.9% 13.9%
Net margin -3.0% 11.2% 5.1%
FCF margin 1.6% 15.8% 4.8%
Operating cash flow margin 3.2% 22.4% 14.8%
Return on equity – 8.4% 18.6%
Return on assets -4.9% 4.4% 4.9%
Return on invested capital 2.0% 8.3% 9.8%
Return on capital employed 3.0% 10.5% 17.0%
Asset turnover 1.7x 0.4x 0.7x
Cash conversion (OCF / net income) -1.1x 1.9x 2.3x
Stock comp / revenue 0.6% 0.7% 0.6%

Financial Health

11 metrics
MetricCLMTQSOLS
Debt / assets 80.6% 28.1% 33.3%
Debt / equity -2.0x 0.5x 1.2x
Net debt / EBITDA -12.3x 1.8x 1.3x
Debt / FCF 30.7x 4.9x 10.1x
Liabilities / assets 140.6% 47.3% 73.2%
Equity / assets -40.6% 52.7% 26.8%
Interest coverage 0.2x 7.1x 9.0x
Current ratio 0.8x 2.0x 1.5x
Quick ratio 0.4x 1.5x 0.8x
Cash ratio 0.1x 0.7x 0.4x
Altman Z-score 1.28 2.85 2.60

Shareholder Returns

7 metrics
MetricCLMTQSOLS
Dividend yield – 0.3% 0.4%
Net buyback yield – 0.2% –
Shareholder yield 0.0% 0.5% 0.4%
Payout ratio (earnings) – 5.4% –
Payout ratio (FCF) – 4.1% –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLMTQSOLS
Forward P/E – 25.3xFY2026 22.0xFY2026
EPS, next fiscal year $-2.13FY2026 $4.34FY2026 $2.70FY2026
EPS growth, next FY – +29.6%FY2026 +81.2%FY2026
EPS growth, the year after – +21.7% +33.3%
Revenue, next fiscal year $4.66BFY2026 $5.34BFY2026 $4.44BFY2026
Revenue growth, next FY +12.5%FY2026 +12.5%FY2026 +14.2%FY2026
Revenue growth, the year after +5.4% +23.3% -4.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLMTQSOLS
Held by institutions 52.3% – –
Institutions holding 188 – –
Change in shares held, QoQ +1.2% – –
Institutions buying 110 – –
Institutions selling 54 – –
Buyers to sellers 2.04 – –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLMTQSOLS
CLMT 1.00 0.01 0.01
Q 0.01 1.00 0.45
SOLS 0.01 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLMT, Q and SOLS?

Qnity Electronics (Q) is the largest by market capitalisation: Calumet (CLMT) $4.57B, Qnity Electronics (Q) $23.93B, Solstice Advanced Materials (SOLS) $9.59B.

Which stock is cheaper, CLMT, Q and SOLS?

Qnity Electronics (Q) trades on the lowest price-to-earnings ratio (Calumet (CLMT) -33.4x, Qnity Electronics (Q) 40.8x, Solstice Advanced Materials (SOLS) 45.7x). On next year's consensus earnings, Solstice Advanced Materials (SOLS) is cheapest (Qnity Electronics (Q) 25.3x, Solstice Advanced Materials (SOLS) 22.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Qnity Electronics (Q) grew revenue fastest over the trailing twelve months: Calumet (CLMT) +12.8%, Qnity Electronics (Q) +14.8%, Solstice Advanced Materials (SOLS) +9.2%.

Which company is more profitable?

Qnity Electronics (Q) has the highest net margin (Calumet (CLMT) -3.0%, Qnity Electronics (Q) 11.2%, Solstice Advanced Materials (SOLS) 5.1%). On return on invested capital, Solstice Advanced Materials (SOLS) leads (Calumet (CLMT) 2.0%, Qnity Electronics (Q) 8.3%, Solstice Advanced Materials (SOLS) 9.8%).

Which stock has performed better?

Over the past year Calumet (CLMT) returned the most: Calumet (CLMT) +146.7%, Solstice Advanced Materials (SOLS) +29.2%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Calumet (CLMT) 0.00%, Qnity Electronics (Q) 0.00%, Solstice Advanced Materials (SOLS) 0.00%. Calumet (CLMT) and Solstice Advanced Materials (SOLS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Calumet (CLMT) has been the steadiest (Calumet (CLMT) 43.3%, Qnity Electronics (Q) 55.2%, Solstice Advanced Materials (SOLS) 54.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLMT, Q and SOLS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Qnity Electronics (Q) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.