# Calumet, Inc. /DE (CLMT) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Calumet, Inc. /DE's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/CLMT/mda/fy2025/): filed 2026-02-27; accession 0002013745-26-000007 (https://www.sec.gov/Archives/edgar/data/2013745/000201374526000007/clmt-20251231x10k.htm); latest 10-K
- [FY 2024 MD&A](/company/CLMT/mda/fy2024/): filed 2025-03-03; accession 0001558370-25-001961 (https://www.sec.gov/Archives/edgar/data/2013745/000155837025001961/clmt-20241231x10k.htm)

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