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Cal Maine Foods Inc Financials

CALM
Source SEC Filings (10-K/10-Q) Updated Apr 1, 2026 Currency USD FYE May

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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 98 / 100
Financial Profile 98/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

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.

Growth
100

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.

Leverage
98

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 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

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.

Cash Flow
87

Cal Maine Foods Inc converts 24.9% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 87/100.

Returns
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.

Altman Z-Score Safe
9.14

Cal Maine Foods Inc scores 9.14, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
7/9

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.

Earnings Quality Cash-Backed
1.00x

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.

Interest Coverage Safe
2510.7x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.3B
YoY+83.2%
5Y CAGR+25.8%
10Y CAGR+10.5%

Cal Maine Foods Inc generated $4.3B in revenue in fiscal year 2025. This represents an increase of 83.2% from the prior year.

EBITDA
$1.6B
YoY+315.2%
5Y CAGR+94.0%
10Y CAGR+19.5%

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.

Net Income
$1.2B
YoY+339.0%
5Y CAGR+131.4%
10Y CAGR+22.4%

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.

EPS (Diluted)
$24.95
YoY+338.5%
5Y CAGR+130.9%
10Y CAGR+22.3%

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.

Cash & Balance Sheet

Free Cash Flow
$1.1B
YoY+249.5%
10Y CAGR+25.1%

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.

Cash & Debt
$499.4M
YoY+109.9%
5Y CAGR+44.9%
10Y CAGR+50.0%

Cal Maine Foods Inc held $499.4M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$8.32
YoY+340.4%

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.

Shares Outstanding
48M
5Y CAGR-0.1%

Cal Maine Foods Inc had 48M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
43.4%
YoY+20.2pp
5Y CAGR+30.1pp
10Y CAGR+18.3pp

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.

Operating Margin
36.0%
YoY+22.6pp
5Y CAGR+36.0pp
10Y CAGR+21.1pp

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.

Net Margin
28.6%
YoY+16.7pp
5Y CAGR+27.3pp
10Y CAGR+18.4pp

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.

Return on Equity
47.6%
YoY+32.2pp
5Y CAGR+45.8pp
10Y CAGR+24.7pp

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.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$161.3M
YoY+9.6%
5Y CAGR+5.4%
10Y CAGR+7.0%

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 Q4'26 Q2'26 Q1'26 Q4'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $667.0M-13.3% $769.5M-16.6% $922.6M-34.9% $1.4B+48.5% $954.7M+49.0% $640.8M-8.9% $703.1M+34.4% $523.2M
Cost of Revenue $547.7M-2.6% $562.1M-8.0% $611.3M-12.9% $701.6M+17.2% $598.6M N/A $484.5M+12.1% $432.1M
Gross Profit $119.3M-42.5% $207.4M-33.4% $311.3M-56.5% $716.1M+101.1% $356.0M N/A $218.6M+139.8% $91.1M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $83.3M+0.5% $82.9M+19.2% $69.5M-13.1% $80.0M+3.0% $77.6M N/A $66.0M-13.8% $76.6M
Operating Income $35.9M-71.0% $123.9M-50.3% $249.2M-60.8% $635.7M+128.6% $278.1M N/A $162.8M+1043.6% $14.2M
Interest Expense $11.3M-8.1% $12.3M-4.5% $12.8M+1.8% $12.6M+29.3% $9.8M N/A $7.6M+8.1% $7.0M
Income Tax $7.1M-78.7% $33.2M-48.3% $64.2M-58.6% $154.9M+119.4% $70.6M N/A $38.8M+600.3% $5.5M
Net Income $50.5M-50.9% $102.8M-48.5% $199.3M-60.8% $508.5M+132.1% $219.1M N/A $146.7M+762.6% $17.0M
EPS (Diluted) $1.06-50.2% $2.13-48.3% $4.12-60.3% $10.38+132.2% $4.47 N/A $3.00+757.1% $0.35

CALM Balance Sheet

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets N/A $3.1B-1.6% $3.2B+3.7% $3.1B+23.8% $2.5B+14.0% $2.2B+2.4% $2.1B+8.5% $2.0B
Current Assets N/A $1.8B-5.0% $1.8B-6.9% $2.0B+39.2% $1.4B+14.7% $1.2B+2.0% $1.2B+14.4% $1.1B
Cash & Equivalents N/A $369.4M+46.7% $251.9M-49.3% $497.2M+254.4% $140.3M-41.0% $237.9M-35.2% $367.1M+1.5% $361.8M
Inventory N/A $340.6M+3.7% $328.4M+6.9% $307.3M+2.6% $299.4M+14.4% $261.8M-2.8% $269.2M-6.3% $287.3M
Accounts Receivable N/A $235.4M-3.1% $242.8M-41.9% $417.9M+36.0% $307.3M+121.8% $138.6M-34.9% $212.9M+28.7% $165.4M
Goodwill N/A $87.1M+14.8% $75.8M+62.1% $46.8M+2.2% $45.8M0.0% $45.8M0.0% $45.8M0.0% $45.8M
Total Liabilities N/A $446.3M-9.7% $494.5M-28.8% $694.1M+58.2% $438.6M+13.1% $387.7M-6.0% $412.6M+20.3% $342.8M
Current Liabilities N/A $218.8M-18.9% $270.0M-47.4% $513.7M+97.0% $260.8M+14.5% $227.7M+5.6% $215.7M+40.3% $153.8M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity N/A $2.7B-0.2% $2.7B+13.2% $2.4B+16.4% $2.0B+13.6% $1.8B+4.4% $1.7B+6.0% $1.6B
Retained Earnings N/A $2.8B+2.5% $2.7B+15.5% $2.3B+17.0% $2.0B+13.8% $1.8B+4.5% $1.7B+6.2% $1.6B

CALM Cash Flow Statement

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $103.6M+9.3% $94.8M-66.0% $278.6M-51.3% $571.6M+365.8% $122.7M-42.6% $213.8M+30.4% $164.0M+228.1% $50.0M
Capital Expenditures $31.6M-32.6% $46.8M+3.4% $45.3M-9.0% $49.8M+67.1% $29.8M-41.7% $51.1M+69.4% $30.2M-22.8% $39.1M
Free Cash Flow $72.0M+50.2% $47.9M-79.5% $233.3M-55.3% $521.8M+461.7% $92.9M-42.9% $162.6M+21.6% $133.8M+1131.8% $10.9M
Investing Cash Flow -$20.5M-112.5% $163.7M+140.0% -$409.7M-197.5% -$137.7M-23.4% -$111.6M+62.1% -$294.1M-94.5% -$151.2M-214.6% -$48.1M
Financing Cash Flow -$60.4M+57.2% -$141.2M-23.7% -$114.2M-48.4% -$76.9M-46.5% -$52.5M-7.4% -$48.9M-563.2% -$7.4M-1541.9% -$449K
Dividends Paid $66.4M+94.1% $34.2M-70.0% $114.2M+56.3% $73.0M+46.0% $50.0M+2.3% $48.9M+759.4% $5.7M+1841.6% $293K
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

CALM Financial Ratios

Metric Q4'26 Q2'26 Q1'26 Q4'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 17.9%-9.1pp 27.0%-6.8pp 33.7%-16.8pp 50.5%+13.2pp 37.3% N/A 31.1%+13.7pp 17.4%
Operating Margin 5.4%-10.7pp 16.1%-10.9pp 27.0%-17.8pp 44.8%+15.7pp 29.1% N/A 23.2%+20.4pp 2.7%
Net Margin 7.6%-5.8pp 13.4%-8.3pp 21.6%-14.3pp 35.9%+12.9pp 22.9% N/A 20.9%+17.6pp 3.3%
Return on Equity N/A 3.8%-3.6pp 7.4%-14.0pp 21.3%+10.6pp 10.7% N/A 8.5%+7.5pp 1.1%
Return on Assets N/A 3.3%-3.0pp 6.2%-10.3pp 16.5%+7.7pp 8.8% N/A 6.9%+6.0pp 0.9%
Current Ratio N/A 8.02+1.2 6.84+3.0 3.86-1.6 5.46+0.0 5.45-0.2 5.65-1.3 6.92
Debt-to-Equity N/A 0.17-0.0 0.18-0.1 0.29+0.1 0.210.0 0.22-0.0 0.24+0.0 0.21
FCF Margin 10.8%+4.6pp 6.2%-19.1pp 25.3%-11.5pp 36.8%+27.1pp 9.7%-15.7pp 25.4%+6.4pp 19.0%+16.9pp 2.1%

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Frequently Asked Questions

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.

Cal Maine Foods Inc (CALM) revenue grew by 83.2% year-over-year, from $2.3B to $4.3B in fiscal year 2025.

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%.

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.

Cal Maine Foods Inc (CALM) had EBITDA of $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

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.

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.

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.

Yes, Cal Maine Foods Inc (CALM) paid $8.32 per share in dividends during fiscal year 2025.

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.

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.

Cal Maine Foods Inc (CALM) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Cal Maine Foods Inc (CALM) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Cal Maine Foods Inc (CALM) invested $161.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Cal Maine Foods Inc (CALM) had 48M shares outstanding as of fiscal year 2025.

Cal Maine Foods Inc (CALM) had a current ratio of 6.38 as of fiscal year 2025, which is generally considered healthy.

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.

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.

Cal Maine Foods Inc (CALM) has an Altman Z-Score of 9.14, 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.

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.

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.

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.

Cal Maine Foods Inc (CALM) scores 98 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.

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