Cal Maine Foods Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cal Maine Foods Inc has an operating margin of 36.0%, meaning the company retains $36 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 13.4% the prior year.
Cal Maine Foods Inc's revenue surged 83.2% year-over-year to $4.3B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Cal Maine Foods Inc carries a low D/E ratio of 0.20, meaning only $0.20 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 6.38, Cal Maine Foods Inc holds $6.38 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Cal Maine Foods Inc converts 24.9% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 100/100.
Cal Maine Foods Inc earns a strong 47.6% return on equity (ROE), meaning it generates $48 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 15.4% the prior year.
Cal Maine Foods Inc scores 9.44, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cal Maine Foods Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cal Maine Foods Inc generates $1.00 in operating cash flow ($1.2B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cal Maine Foods Inc earns $2510.7 in operating income for every $1 of interest expense ($1.5B vs $612K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Cal Maine Foods Inc (CALM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Cal Maine Foods Inc generated $4.3B in revenue in fiscal year 2025. This represents an increase of 83.2% from the prior year.
Cal Maine Foods Inc's EBITDA was $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 315.2% from the prior year.
Cal Maine Foods Inc generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 249.5% from the prior year.
Cal Maine Foods Inc reported $1.2B in net income in fiscal year 2025. This represents an increase of 339.0% from the prior year.
Cal Maine Foods Inc earned $24.95 per diluted share (EPS) in fiscal year 2025. This represents an increase of 338.5% from the prior year.
Cal Maine Foods Inc held $499.4M in cash against $0 in long-term debt as of fiscal year 2025.
Cal Maine Foods Inc paid $8.32 per share in dividends in fiscal year 2025. This represents an increase of 340.4% from the prior year.
Cal Maine Foods Inc had 48M shares outstanding in fiscal year 2025.
Cal Maine Foods Inc's gross margin was 43.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 20.2 percentage points from the prior year.
Cal Maine Foods Inc's operating margin was 36.0% in fiscal year 2025, reflecting core business profitability. This is up 22.6 percentage points from the prior year.
Cal Maine Foods Inc's net profit margin was 28.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.7 percentage points from the prior year.
Cal Maine Foods Inc's ROE was 47.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 32.2 percentage points from the prior year.
Cal Maine Foods Inc invested $161.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.6% from the prior year.
CALM Income Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $769.5M-16.6% | $922.6M-34.9% | $1.4B+48.5% | $954.7M+21.5% | $785.9M+11.8% | $703.1M+34.4% | $523.2M+13.9% | $459.3M |
| Cost of Revenue | $562.1M-8.0% | $611.3M-12.9% | $701.6M+17.2% | $598.6M+11.1% | $538.7M+11.2% | $484.5M+12.1% | $432.1M+4.4% | $413.9M |
| Gross Profit | $207.4M-33.4% | $311.3M-56.5% | $716.1M+101.1% | $356.0M+44.0% | $247.2M+13.1% | $218.6M+139.8% | $91.1M+100.6% | $45.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $82.9M+19.2% | $69.5M-13.1% | $80.0M+3.0% | $77.6M+25.4% | $61.9M-6.2% | $66.0M-13.8% | $76.6M+46.6% | $52.2M |
| Operating Income | $123.9M-50.3% | $249.2M-60.8% | $635.7M+128.6% | $278.1M+48.7% | $187.0M+14.8% | $162.8M+1043.6% | $14.2M+310.7% | -$6.8M |
| Interest Expense | $12.3M-4.5% | $12.8M+1.8% | $12.6M+29.3% | $9.8M-0.2% | $9.8M+29.5% | $7.6M+8.1% | $7.0M-4.9% | $7.3M |
| Income Tax | $33.2M-48.3% | $64.2M-58.6% | $154.9M+119.4% | $70.6M+46.0% | $48.4M+24.7% | $38.8M+600.3% | $5.5M+1620.5% | $322K |
| Net Income | $102.8M-48.5% | $199.3M-60.8% | $508.5M+132.1% | $219.1M+46.1% | $150.0M+2.2% | $146.7M+762.6% | $17.0M+1736.8% | $926K |
| EPS (Diluted) | $2.13-48.3% | $4.12-60.3% | $10.38+132.2% | $4.47+46.1% | $3.06+2.0% | $3.00+757.1% | $0.35+1650.0% | $0.02 |
CALM Balance Sheet
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B-1.6% | $3.2B+3.7% | $3.1B+23.8% | $2.5B+4.2% | $2.4B+12.0% | $2.1B+8.5% | $2.0B+3.5% | $1.9B |
| Current Assets | $1.8B-5.0% | $1.8B-6.9% | $2.0B+39.2% | $1.4B+6.0% | $1.3B+10.3% | $1.2B+14.4% | $1.1B0.0% | $1.1B |
| Cash & Equivalents | $369.4M+46.7% | $251.9M-49.3% | $497.2M+254.4% | $140.3M-22.8% | $181.7M-50.5% | $367.1M+1.5% | $361.8M+0.4% | $360.3M |
| Inventory | $340.6M+3.7% | $328.4M+6.9% | $307.3M+2.6% | $299.4M+2.1% | $293.2M+8.9% | $269.2M-6.3% | $287.3M+2.3% | $280.8M |
| Accounts Receivable | $235.4M-3.1% | $242.8M-41.9% | $417.9M+36.0% | $307.3M+12.9% | $272.1M+27.8% | $212.9M+28.7% | $165.4M+31.9% | $125.4M |
| Goodwill | $87.1M+14.8% | $75.8M+62.1% | $46.8M+2.2% | $45.8M0.0% | $45.8M0.0% | $45.8M0.0% | $45.8M+4.0% | $44.0M |
| Total Liabilities | $446.3M-9.7% | $494.5M-28.8% | $694.1M+58.2% | $438.6M-10.7% | $490.9M+19.0% | $412.6M+20.3% | $342.8M+18.6% | $289.0M |
| Current Liabilities | $218.8M-18.9% | $270.0M-47.4% | $513.7M+97.0% | $260.8M-19.9% | $325.4M+50.9% | $215.7M+40.3% | $153.8M+21.7% | $126.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.7B-0.2% | $2.7B+13.2% | $2.4B+16.4% | $2.0B+7.5% | $1.9B+10.4% | $1.7B+6.0% | $1.6B+0.8% | $1.6B |
| Retained Earnings | $2.8B+2.5% | $2.7B+15.5% | $2.3B+17.0% | $2.0B+7.7% | $1.9B+10.4% | $1.7B+6.2% | $1.6B+0.7% | $1.6B |
CALM Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $94.8M-66.0% | $278.6M-51.3% | $571.6M+365.8% | $122.7M+4.5% | $117.5M-28.4% | $164.0M+228.1% | $50.0M+111.0% | $23.7M |
| Capital Expenditures | $46.8M+3.4% | $45.3M-9.0% | $49.8M+67.1% | $29.8M-16.7% | $35.8M+18.5% | $30.2M-22.8% | $39.1M+46.7% | $26.7M |
| Free Cash Flow | $47.9M-79.5% | $233.3M-55.3% | $521.8M+461.7% | $92.9M+13.7% | $81.7M-38.9% | $133.8M+1131.8% | $10.9M+464.3% | -$3.0M |
| Investing Cash Flow | $163.7M+140.0% | -$409.7M-197.5% | -$137.7M-23.4% | -$111.6M+17.9% | -$135.9M+10.2% | -$151.2M-214.6% | -$48.1M-159.4% | $80.9M |
| Financing Cash Flow | -$141.2M-23.7% | -$114.2M-48.4% | -$76.9M-46.5% | -$52.5M-39.0% | -$37.8M-412.6% | -$7.4M-1541.9% | -$449K+98.8% | -$37.0M |
| Dividends Paid | $34.2M-70.0% | $114.2M+56.3% | $73.0M+46.0% | $50.0M+32.5% | $37.8M+563.7% | $5.7M+1841.6% | $293K-99.2% | $37.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CALM Financial Ratios
| Metric | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.0%-6.8pp | 33.7%-16.8pp | 50.5%+13.2pp | 37.3%+5.8pp | 31.5%+0.4pp | 31.1%+13.7pp | 17.4%+7.5pp | 9.9% |
| Operating Margin | 16.1%-10.9pp | 27.0%-17.8pp | 44.8%+15.7pp | 29.1%+5.3pp | 23.8%+0.6pp | 23.2%+20.4pp | 2.7%+4.2pp | -1.5% |
| Net Margin | 13.4%-8.3pp | 21.6%-14.3pp | 35.9%+12.9pp | 22.9%+3.9pp | 19.1%-1.8pp | 20.9%+17.6pp | 3.3%+3.0pp | 0.2% |
| Return on Equity | 3.8%-3.6pp | 7.4%-14.0pp | 21.3%+10.6pp | 10.7%+2.8pp | 7.9%-0.6pp | 8.5%+7.5pp | 1.1%+1.0pp | 0.1% |
| Return on Assets | 3.3%-3.0pp | 6.2%-10.3pp | 16.5%+7.7pp | 8.8%+2.5pp | 6.3%-0.6pp | 6.9%+6.0pp | 0.9%+0.8pp | 0.1% |
| Current Ratio | 8.02+1.2 | 6.84+3.0 | 3.86-1.6 | 5.46+1.3 | 4.13-1.5 | 5.65-1.3 | 6.92-1.5 | 8.42 |
| Debt-to-Equity | 0.17-0.0 | 0.18-0.1 | 0.29+0.1 | 0.21-0.0 | 0.26+0.0 | 0.24+0.0 | 0.21+0.0 | 0.18 |
| FCF Margin | 6.2%-19.1pp | 25.3%-11.5pp | 36.8%+27.1pp | 9.7%-0.7pp | 10.4%-8.6pp | 19.0%+16.9pp | 2.1%+2.7pp | -0.7% |
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Frequently Asked Questions
What is Cal Maine Foods Inc's annual revenue?
Cal Maine Foods Inc (CALM) reported $4.3B in total revenue for fiscal year 2025. This represents a 83.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cal Maine Foods Inc's revenue growing?
Cal Maine Foods Inc (CALM) revenue grew by 83.2% year-over-year, from $2.3B to $4.3B in fiscal year 2025.
Is Cal Maine Foods Inc profitable?
Yes, Cal Maine Foods Inc (CALM) reported a net income of $1.2B in fiscal year 2025, with a net profit margin of 28.6%.
What is Cal Maine Foods Inc's earnings per share (EPS)?
Cal Maine Foods Inc (CALM) reported diluted earnings per share of $24.95 for fiscal year 2025. This represents a 338.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cal Maine Foods Inc's EBITDA?
Cal Maine Foods Inc (CALM) had EBITDA of $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cal Maine Foods Inc's gross margin?
Cal Maine Foods Inc (CALM) had a gross margin of 43.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cal Maine Foods Inc's operating margin?
Cal Maine Foods Inc (CALM) had an operating margin of 36.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cal Maine Foods Inc's net profit margin?
Cal Maine Foods Inc (CALM) had a net profit margin of 28.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Cal Maine Foods Inc pay dividends?
Yes, Cal Maine Foods Inc (CALM) paid $8.32 per share in dividends during fiscal year 2025.
What is Cal Maine Foods Inc's return on equity (ROE)?
Cal Maine Foods Inc (CALM) has a return on equity of 47.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cal Maine Foods Inc's free cash flow?
Cal Maine Foods Inc (CALM) generated $1.1B in free cash flow during fiscal year 2025. This represents a 249.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cal Maine Foods Inc's operating cash flow?
Cal Maine Foods Inc (CALM) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cal Maine Foods Inc's total assets?
Cal Maine Foods Inc (CALM) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cal Maine Foods Inc's capital expenditures?
Cal Maine Foods Inc (CALM) invested $161.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Cal Maine Foods Inc have outstanding?
Cal Maine Foods Inc (CALM) had 48M shares outstanding as of fiscal year 2025.
What is Cal Maine Foods Inc's current ratio?
Cal Maine Foods Inc (CALM) had a current ratio of 6.38 as of fiscal year 2025, which is generally considered healthy.
What is Cal Maine Foods Inc's debt-to-equity ratio?
Cal Maine Foods Inc (CALM) had a debt-to-equity ratio of 0.20 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cal Maine Foods Inc's return on assets (ROA)?
Cal Maine Foods Inc (CALM) had a return on assets of 39.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cal Maine Foods Inc's Altman Z-Score?
Cal Maine Foods Inc (CALM) has an Altman Z-Score of 9.44, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cal Maine Foods Inc's Piotroski F-Score?
Cal Maine Foods Inc (CALM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cal Maine Foods Inc's earnings high quality?
Cal Maine Foods Inc (CALM) has an earnings quality ratio of 1.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cal Maine Foods Inc cover its interest payments?
Cal Maine Foods Inc (CALM) has an interest coverage ratio of 2510.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cal Maine Foods Inc?
Cal Maine Foods Inc (CALM) scores 100 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.