Hi @Doug Rosencrans
Does this issue exist in all Excel workbooks?
Do you run macro, UDF in the workbook?
I suggest you switch the workbook calculation option for a check.
Then disable all the COM Add-ins for a check.
Please click File > Options > Add-ins > Manage COM Add-ins
in Excel, click Go, clear the check boxes for any enabled COM add-ins, select OK, and then check this issue.
But I want to say Excel runs with a single thread most of the time, Excel offers multi-threaded calculations for certain functions, such as matrix operations and statistical functions. The most important factor that influences Excel calculation speed is still the way your worksheet is designed and built.
The reference:
Multithreaded recalculation in Excel
Excel performance: Improving calculation performance
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