Cal-Maine Foods Inc (CALM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.11	-$0.77	-800.0%	—	$552.6M	—
Q3 26	$0.78	$1.06	+35.9%	—	$667M	—
Q2 26	$2.01	$2.14	+6.5%	—	$769.5M	—
Q1 26	$5.35	$4	-25.2%	—	$922.6M	—
Q4 25	$6.28	$7.05	+12.3%	—	$1.1B	—
Q3 25	$10.8	$10.4	-3.3%	—	$1.4B	—
Q2 25	$4.25	$4.48	+5.4%	—	$954.7M	—
Q1 25	$3.45	$3.06	-11.3%	—	$785.9M	—
Q4 24	$2.46	$2.32	-5.7%	—	$640.8M	—
Q3 24	$2.88	$2.99	+3.8%	—	$703.1M	—
Q2 24	$0.91	$0.35	-61.5%	—	$523.2M	—
Q1 24	$0.33	$0.02	-93.9%	—	$459.3M	—
Q4 23	$2.15	$2.27	+5.6%	—	$688.7M	—
Q3 23	$5.47	$6.62	+21.0%	—	$997.5M	—
Q2 23	$4.24	$4.07	-4.0%	—	$801.7M	—
Q1 23	$2.56	$2.57	+0.4%	—	$658.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$6.65	—	—	$2.9B	—
FY25	—	$25	—	—	$4.3B	—
FY24	—	$5.7	—	—	$2.3B	—
FY23	—	$15.6	—	—	$3.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.1B	$1.5B	$1.4B	$1.4B	$1.3B	$1.8B	$3.1B	$2.3B	$4.3B	$2.9B
YoY change	-43.7%	+39.9%	-9.43%	-0.7%	-0.19%	+31.7%	+77%	-26.1%	+83.2%	-31.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.1B	1.5B	1.4B	1.4B	1.3B	1.8B	3.1B	2.3B	4.3B	2.9B
Cost of revenue	1B	1.1B	1.1B	1.2B	1.2B	1.4B	1.9B	1.8B	2.4B	2.2B
Gross profit	45.5M	361M	222.9M	179.6M	160.7M	337.1M	1.2B	541.6M	1.9B	672M
Gross margin	4.24%	24%	16.4%	13.3%	11.9%	19%	38%	23.3%	43.4%	23.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	176M	179.3M	177M	178.2M	183.9M	198.6M	232.2M	233M	314.4M	329.3M
Operating expenses	176M	179.3M	177M	178.2M	183.9M	198.6M	232.2M	233M	314.4M	329.3M
Operating income	-130.5M	181.7M	45.8M	1.4M	-23.3M	138.4M	964.3M	308.6M	1.5B	342.8M
Operating margin	-12.1%	12.1%	3.37%	0.1%	-1.73%	7.79%	30.6%	13.3%	36.1%	11.8%
Non-operating income, net	13.4M	-67.8M	17.7M	14.2M	10.7M	27M	16.3M	19.7M	18.6M	22.1M
Pretax income	-114.3M	117.3M	70.8M	20.1M	-9.9M	166M	998.5M	360M	1.6B	411M
Income tax	-39.9M	-8.9M	15.7M	1.7M	-12M	33.6M	241.8M	83.7M	384.9M	92.9M
Net income	-74.4M	126.2M	55.1M	18.3M	2.1M	132.4M	756.7M	276.3M	1.2B	318.1M
Net margin	-6.93%	8.4%	4.05%	1.36%	0.15%	7.45%	24.1%	11.9%	28.6%	10.9%
EBITDA	-68.9M	244.6M	115.7M	68.6M	43.7M	219.6M	1.1B	425.6M	1.7B	448M
EPS	-1.54	2.6	1.12	0.38	0.04	2.73	15.6	5.7	25	6.65
Diluted EPS	-1.54	2.6	1.12	0.38	0.04	2.72	15.5	5.69	24.9	6.63

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	459.3M	523.2M	703.1M	640.8M	785.9M	954.7M	1.4B	1.1B	922.6M	769.5M	667M	552.6M
Cost of revenue	413.9M	432.1M	484.5M	454.4M	538.7M	598.6M	701.6M	572.1M	611.3M	562.1M	547.7M	518.5M
Gross profit	45.4M	91.1M	218.6M	186.4M	247.2M	356M	716.1M	531.5M	311.3M	207.4M	119.3M	34.1M
Gross margin	9.89%	17.4%	31.1%	29.1%	31.5%	37.3%	50.5%	48.2%	33.7%	27%	17.9%	6.16%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	52.2M	56.9M	66M	57.8M	61.9M	77.6M	80M	94.9M	69.5M	82.9M	83.3M	93.6M
Operating expenses	52.2M	56.9M	66M	57.8M	62.1M	77.6M	80M	94.9M	62M	82.9M	83.3M	93.6M
Operating income	-6.8M	34.2M	152.6M	128.7M	185.1M	278.4M	636.1M	436.6M	249.3M	124.5M	36M	-59.5M
Operating margin	-1.48%	6.54%	21.7%	20.1%	23.6%	29.2%	44.9%	39.6%	27%	16.2%	5.39%	-10.8%
Non-operating income, net	200K	-19.1M	25.1M	13.5M	3M	792K	14.3M	730K	1.1M	-686K	10.9M	3.2M
Pretax income	733K	22.1M	185.2M	152M	198M	289M	663M	453.2M	263.3M	136.1M	58.2M	-46.5M
Income tax	322K	5.5M	38.8M	39M	48.4M	70.6M	154.9M	111.1M	64.2M	33.2M	7.1M	-11.5M
Net income	411K	16.6M	146.4M	112.9M	149.6M	218.4M	508.2M	342.1M	199.1M	102.9M	51.1M	-35M
Net margin	0.09%	3.17%	20.8%	17.6%	19%	22.9%	35.8%	31%	21.6%	13.4%	7.66%	-6.34%
EBITDA	12.5M	74.2M	150.8M	188.1M	205.4M	302.5M	649M	529.2M	279.1M	155.2M	54.9M	-26.2M
EPS	0.02	0.35	3.01	—	3.08	4.49	10.4	7.05	4.13	2.14	1.07	-0.76
Diluted EPS	0.02	0.35	3	—	3.06	4.47	10.4	7.04	4.12	2.14	1.06	-0.76

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.8B	2.3B	1.8B	2.2B	1.7B	2.3B	2.3B	3B	4.7B	3.6B	3.1B
Enterprise value	1.7B	2B	1.5B	1.9B	1.5B	2.1B	1.7B	2.2B	3.3B	2.6B	2.2B
Shares outstanding	48.4M	48.4M	48.5M	48.5M	48.5M	48.6M	48.6M	48.7M	48.7M	47.6M	47.6M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	18.4	32.6	117.8	822.3	17.5	3.06	10.9	3.84	11.2	10.2
P/S	1.67	1.55	1.32	1.6	1.26	1.3	0.74	1.29	1.1	1.22	1.08
P/B	2.13	2.43	1.81	2.14	1.67	2.1	1.44	1.67	1.82	1.35	1.2
EV/EBITDA	-24	8.17	12.8	28.1	34.9	9.77	1.57	5.15	1.95	5.88	4.8
EV/Sales	1.54	1.33	1.09	1.43	1.13	1.21	0.53	0.94	0.77	0.91	0.77
Earnings yield	—	5.43%	3.07%	0.85%	0.12%	5.71%	32.7%	9.2%	26.1%	8.93%	9.83%
FCF yield	-6.26%	7.78%	2.62%	-2.34%	-4.07%	2.32%	31.4%	10.1%	22.8%	9.23%	0.28%
PEG	—	—	—	—	—	—	—	—	—	—	-0.09

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	4.24%	24%	16.4%	13.3%	11.9%	19%	38%	23.3%	43.4%	23.1%	6.16%
Operating margin	-12.1%	12.1%	3.37%	0.1%	-1.73%	7.79%	30.6%	13.3%	36.1%	11.8%	-11%
Net margin	-6.93%	8.4%	4.05%	1.36%	0.15%	7.45%	24.1%	11.9%	28.6%	10.9%	10.9%
ROE	-8.81%	13.2%	5.56%	1.82%	0.2%	12%	47%	15.4%	47.5%	12%	12.2%
ROA	-7.2%	11%	4.76%	1.52%	0.17%	9.28%	38.7%	12.6%	39.5%	10.2%	6.93%
ROIC	-18.7%	28.8%	5.29%	0.16%	-2.75%	11.9%	76%	24.1%	99.5%	15.5%	15.8%
Return on tangible assets	-8.24%	12.3%	5.31%	1.68%	0.18%	10.2%	41.2%	13.4%	41.1%	11.5%	11.5%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	6.74	5.45	7.58	5.6	5.77	3.58	6.16	5.45	6.38	7.7	7.7
Quick ratio	4.26	3.88	5.28	3.6	3.35	2.16	4.6	4.3	5.42	5.87	5.87
Debt / equity	0.01	0.01	0	0	0	0	—	—	—	—	0
Debt / assets	0.01	0.01	0	0	0	0	—	—	—	—	—
Net debt / EBITDA	2.11	-1.33	-2.74	-3.33	-3.82	-0.79	—	—	—	—	-2.06
Interest coverage	-358.4	443.8	110.9	41.3	-45.7	412.9	1.7K	656.7	2.6K	—	—
Effective tax rate	0%	0%	22.2%	8.63%	0%	20.2%	24.2%	23.2%	24%	22.6%	22.6%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	22.2	31.1	28.1	27.9	27.8	36.6	64.7	47.8	87.5	61.1	61.1
EPS (basic)	-1.54	2.6	1.12	0.38	0.04	2.73	15.6	5.7	25	6.65	6.65
EPS (diluted)	-1.54	2.6	1.12	0.38	0.04	2.72	15.5	5.69	24.9	6.63	6.63
Book value per share	17.5	19.8	20.4	20.8	20.9	22.7	33.1	36.9	52.7	55.4	56
FCF per share	-2.33	3.74	0.97	-1.04	-1.42	1.11	14.9	6.25	21.8	6.89	6.99
Cash per share	3.23	6.85	6.59	4.79	3.49	3.59	13.3	16.7	28.6	19.4	19.7
Capex per share	1.38	0.39	1.37	2.49	1.89	1.48	2.8	3.01	3.23	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	6.2%	1.24%	4.88%	8.94%	6.8%	4.04%	4.32%	6.31%	3.69%	—	—
Capex / operating cash flow	-129%	9.27%	55.9%	171%	434.5%	47.5%	16.1%	33.2%	13.6%	—	—
Payout ratio	0%	0%	75.8%	0%	80.2%	4.62%	33.3%	33.2%	27.1%	72.8%	72.4%
Dividend yield	0%	0%	2.32%	0%	0.1%	0.26%	10.9%	3.06%	7.07%	6.51%	2.12%

Yield

2.12%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.355

ex-dividend Apr 29, 2026

Payout ratio

72%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 29, 2026	$0.355
Jan 28, 2026	$0.719
Oct 29, 2025	$1.371
Aug 4, 2025	$2.354

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$459.3M	$523.2M	$703.1M	$640.8M	$785.9M	$954.7M	$1.4B	$1.1B	$922.6M	$769.5M	$667M	$552.6M
YoY change	-30.2%	-34.7%	-29.5%	-6.95%	+71.1%	+82.5%	+101.6%	+72.2%	+17.4%	-19.4%	-53%	-49.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	156M	331M	319.4M	232.3M	169.5M	174.5M	647.9M	812.4M	1.4B	924.1M
Receivables	61.3M	80.7M	57.1M	85M	79.1M	169.1M	111M	138.6M	244.1M	136.2M
Inventory	160.7M	168.6M	172.2M	187.2M	218.4M	263.3M	284.4M	261.8M	295.7M	375.3M
Total current assets	436.2M	587.5M	567.8M	522.3M	519.9M	661.5M	1.1B	1.2B	2B	1.6B
Property, plant & equipment	115.3M	65.4M	85.8M	167.4M	137.3M	161.3M	191.9M	230.1M	304.1M	482.7M
Goodwill & intangibles	129.3M	123.7M	118.6M	116.7M	111.7M	124.3M	119.8M	123.5M	123.9M	340.4M
Total assets	1B	1.2B	1.2B	1.2B	1.2B	1.4B	2B	2.2B	3.1B	3.1B
Accounts payable	30.6M	37.8M	39.2M	55.9M	52.8M	82M	82.6M	75.9M	101M	96.1M
Short-term debt	4.8M	3.5M	1.7M	1M	906K	696K	—	—	—	—
Total current liabilities	64.7M	107.8M	74.9M	93.2M	90.1M	184.7M	182.7M	227.7M	308.4M	205.5M
Long-term debt	6.1M	2.6M	858K	2.4M	1.5M	747K	—	—	—	—
Total liabilities	188.6M	194.8M	166.5M	197M	216.4M	323.1M	344.9M	387.7M	518.6M	467M
Shareholders' equity	844.5M	955.7M	989.8M	1B	1B	1.1B	1.6B	1.8B	2.6B	2.6B
Total debt	10.9M	6.1M	2.6M	3.4M	2.4M	1.4M	—	—	—	—
Net debt	-6.6M	-42.3M	-66.7M	-74.7M	-55M	-57.6M	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	610M	567.8M	694.8M	812.4M	753.6M	797.2M	1.2B	1.4B	1.3B	1.1B	1.2B	924.1M
Receivables	125.4M	165.4M	212.9M	138.6M	272.1M	307.3M	417.9M	244.1M	242.8M	235.4M	185.2M	136.2M
Inventory	280.8M	287.3M	269.2M	261.8M	293.2M	299.4M	307.3M	295.7M	328.4M	340.6M	348.9M	375.3M
Total current assets	1.1B	1.1B	1.2B	1.2B	1.3B	1.4B	2B	2B	1.8B	1.8B	1.7B	1.6B
Property, plant & equipment	—	—	—	230.1M	—	—	—	304.1M	1.2B	—	1.2B	482.7M
Goodwill & intangibles	118.7M	125.7M	124.6M	123.5M	123.9M	124M	124.8M	123.9M	252.5M	284.3M	280.8M	340.4M
Total assets	1.9B	2B	2.1B	2.2B	2.4B	2.5B	3.1B	3.1B	3.2B	3.1B	3.1B	3.1B
Accounts payable	117.8M	98.1M	95.6M	75.9M	128.6M	116.8M	170.4M	101M	108.8M	123.5M	106.5M	96.1M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	126.4M	153.8M	215.7M	227.7M	325.4M	260.8M	513.7M	308.4M	270M	218.8M	213M	205.5M
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	289M	342.8M	412.6M	387.7M	490.9M	438.6M	694.1M	518.6M	494.5M	446.3M	432.1M	467M
Shareholders' equity	1.6B	1.6B	1.7B	1.8B	1.9B	2.1B	2.4B	2.6B	2.7B	2.7B	2.7B	2.6B
Total debt	—	—	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—	—	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	-74.4M	126.2M	55.1M	18.3M	2.1M	132.4M	756.7M	276.3M	1.2B	318.1M
Depreciation & amortization	49.1M	54M	54.6M	58.1M	59.5M	68.4M	72.2M	80.2M	94M	124.3M
Stock-based compensation	3.4M	3.5M	3.6M	3.6M	3.8M	4.1M	4.2M	4.4M	4.5M	5.8M
Change in working capital	-44.3M	51.8M	-711K	-20.3M	-66.1M	-50.5M	-10.9M	92.2M	-168.5M	-23.1M
Operating cash flow	-51.6M	201.8M	118.9M	70.7M	21.1M	151M	845.2M	442M	1.2B	479.8M
Capital expenditure	-66.6M	-18.7M	-66.4M	-120.9M	-91.7M	-71.7M	-136M	-146.8M	-157.4M	—
Investing cash flow	52.7M	-163.8M	-55.7M	-68.6M	-50.9M	-117.4M	-376.6M	-415.6M	-579.5M	-356.2M
Dividends paid	0	0	-41.7M	0	-1.7M	-6.1M	-252.3M	-91.9M	-330.3M	-231.6M
Share repurchases	-1.7M	-1.1M	-985K	-910K	-871K	-1.1M	-1.6M	-1.7M	-54M	-131.1M
Financing cash flow	-18.3M	-5.7M	-46.5M	-3.4M	-2.7M	-7.5M	-254.2M	-93.8M	-386.7M	-362.7M
Net change in cash	-17.2M	32.2M	16.7M	-1.2M	-32.5M	26.1M	214.4M	-67.3M	193.2M	-239.2M
Free cash flow	-112.6M	180.7M	47.1M	-50.6M	-68.9M	53.8M	726.4M	304.3M	1.1B	328.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	411K	16.6M	146.4M	112.9M	149.6M	218.4M	508.2M	342.1M	199.1M	102.9M	51.1M	-35M
Depreciation & amortization	19.3M	20.1M	19.8M	21.1M	22M	23.8M	23.6M	24.6M	29.7M	30.1M	30.5M	34M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	23.7M	50M	164M	107.8M	117.5M	122.7M	571.6M	511.7M	278.6M	94.8M	103.6M	2.8M
Capital expenditure	-26.6M	-39M	-30.1M	-51.1M	-31.8M	-29.8M	-50.2M	-45.6M	—	—	—	—
Investing cash flow	80.9M	-48.1M	-152.2M	-296.1M	-135.9M	-111.6M	-139.3M	-192.8M	-364.5M	210.5M	11M	-213.3M
Dividends paid	-37M	-293K	-5.7M	-48.9M	-37.8M	-50M	-73M	-169.5M	-114.2M	-66.4M	-34.3M	-16.8M
Share repurchases	-5K	0	-1.7M	0	-34K	-26K	-3.9M	-50M	-18K	-74.8M	-26.1M	-30.1M
Financing cash flow	-37M	-449K	-7.4M	-48.9M	-37.8M	-52.5M	-76.9M	-219.5M	-114.2M	-141.2M	-60.4M	-47M
Net change in cash	67.5M	1.4M	4.3M	-237.2M	-56.2M	-41.4M	355.4M	99.3M	-200M	164M	54.2M	-257.4M
Free cash flow	-3M	10.9M	133.8M	162.6M	81.7M	92.9M	521.8M	367.1M	233.3M	47.9M	72M	-24.7M

Date	Ratio
Nov 3, 2014	2:1
Apr 26, 2004	2:1

Cal-Maine Foods Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history