NASDAQ : CALM
Cal-Maine Foods, Inc. — Financial statements
Consumer Staples · Farm Products · United States
Last price 63.62 USD (Oct 30, 2026, 2:48 PM EDT) · Market cap 2.97B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Cal-Maine Foods, Inc. (CALM) reported revenue of 2.53B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 2.53B | 2.91B | 4.26B | 2.33B | 3.15B | 1.78B |
| Cost of Revenue | 2.17B | 2.24B | 2.41B | 1.78B | 1.95B | 1.44B |
| Gross Profit | 361.14M | 672.05M | 1.85B | 541.57M | 1.20B | 337.06M |
| Selling, General & Admin | 340.83M | 328.70M | 292.85M | 247.12M | 232.21M | 198.63M |
| Operating Expenses | 340.83M | 328.70M | 292.85M | 247.12M | 232.21M | 198.63M |
| Operating Income | 20.30M | 343.35M | 1.56B | 294.45M | 964.25M | 138.43M |
| Interest Expense | -653.00K | -556.00K | -612.00K | -549.00K | -583.00K | -403.00K |
| Interest & Investment Income | 53.69M | 58.40M | 59.87M | 43.61M | 28.79M | 11.12M |
| Earnings From Equity Investments | -1.30M | -1.30M | 6.20M | 1.40M | 746.00K | 1.94M |
| Other Non Operating Income (Expenses) | 4.30M | 13.09M | 991.00K | 26.59M | 5.25M | 9.71M |
| EBT Excluding Unusual Items | 76.34M | 412.99M | 1.62B | 365.50M | 998.46M | 160.80M |
| Merger & Restructuring Charges | -594.00K | -594.00K | -6.60M | |||
| Gain (Loss) on Sale of Investments | -36.00K | 105.00K | ||||
| Gain (Loss) on Sale of Assets | -2.20M | -1.39M | 259.00K | -26.00K | 131.00K | -383.00K |
| Other Unusual Items | -15.00M | -5.50M | ||||
| Pretax Income | 73.54M | 411.00M | 1.60B | 359.97M | 998.55M | 166.01M |
| Income Tax Expense | 10.74M | 92.89M | 384.91M | 83.69M | 241.82M | 33.57M |
| Earnings From Continuing Operations | 62.80M | 318.11M | 1.22B | 276.28M | 756.73M | 132.44M |
| Minority Interest in Earnings | -4.07M | -1.43M | 1.82M | 1.61M | 1.29M | 209.00K |
| Net Income | 58.73M | 316.68M | 1.22B | 277.89M | 758.02M | 132.65M |
| Net Income to Common | 58.73M | 316.68M | 1.22B | 277.89M | 758.02M | 132.65M |
| Shares Outstanding (Basic) | 47.26M | 47.65M | 48.72M | 48.72M | 48.65M | 48.58M |
| Shares Outstanding (Diluted) | 47.35M | 47.78M | 48.89M | 48.87M | 48.83M | 48.73M |
| EPS (Basic) | 1.24 | 6.65 | 25.04 | 5.70 | 15.58 | 2.73 |
| EPS (Diluted) | 1.23 | 6.63 | 24.95 | 5.69 | 15.52 | 2.72 |
| Free Cash Flow | -32.77M | 328.53M | 1.06B | 304.28M | 726.44M | 53.81M |
| Free Cash Flow Per Share | -0.69 | 6.88 | 21.75 | 6.23 | 14.88 | 1.10 |
| Dividend Per Share | 1.08 | 2.46 | 8.36 | 1.89 | 5.17 | 0.87 |
| Gross Margin | 14.28% | 23.08% | 43.43% | 23.28% | 38.03% | 18.97% |
| Operating Margin | 0.80% | 11.79% | 36.56% | 12.66% | 30.65% | 7.79% |
| Profit Margin | 2.32% | 10.88% | 28.63% | 11.95% | 24.09% | 7.46% |
| Free Cash Flow Margin | -1.30% | 11.28% | 24.95% | 13.08% | 23.09% | 3.03% |
| EBITDA | 148.51M | 467.69M | 1.65B | 374.69M | 1.04B | 206.82M |
| EBITDA Margin | 5.87% | 16.06% | 38.76% | 16.11% | 32.94% | 11.64% |
| D&A For EBITDA | 128.21M | 124.34M | 94.02M | 80.24M | 72.23M | 68.39M |
| EBIT | 20.30M | 343.35M | 1.56B | 294.45M | 964.25M | 138.43M |
| EBIT Margin | 0.80% | 11.79% | 36.56% | 12.66% | 30.65% | 7.79% |
| Effective Tax Rate | 14.61% | 22.60% | 24.01% | 23.25% | 24.22% | 20.22% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 113.54M | 107.22M | 499.39M | 237.88M | 292.82M | 59.08M |
| Short-Term Investments | 654.05M | 816.84M | 892.71M | 574.50M | 355.09M | 115.43M |
| Cash & Short-Term Investments | 767.59M | 924.06M | 1.39B | 812.38M | 647.91M | 174.51M |
| Accounts Receivable | 176.00M | 136.25M | 244.08M | 138.55M | 110.98M | 169.11M |
| Other Receivables | 109.23M | 128.18M | 28.28M | 23.89M | 76.23M | 50.30M |
| Receivables | 285.23M | 264.43M | 272.36M | 162.44M | 187.21M | 219.40M |
| Inventory | 394.69M | 375.26M | 295.67M | 261.78M | 284.42M | 263.32M |
| Prepaid Expenses | 24.38M | 11.49M | 6.98M | 5.24M | 5.38M | 4.29M |
| Restricted Cash | 6.30M | 1.00M | ||||
| Total Current Assets | 1.47B | 1.58B | 1.97B | 1.24B | 1.12B | 661.52M |
| Property, Plant & Equipment | 1.31B | 1.32B | 1.03B | 857.23M | 744.54M | 677.80M |
| Long-Term Investments | 11.20M | 14.45M | 19.28M | |||
| Goodwill | 97.06M | 97.06M | 46.78M | 45.78M | 44.01M | 44.01M |
| Other Intangible Assets | 96.60M | 73.13M | 15.16M | 16.00M | 15.90M | 18.13M |
| Other Long-Term Assets | 35.55M | 37.50M | 27.89M | 12.72M | 10.71M | 6.75M |
| Total Assets | 3.01B | 3.11B | 3.08B | 2.18B | 1.95B | 1.43B |
| Accounts Payable | 102.40M | 96.11M | 101.03M | 75.86M | 82.59M | 82.05M |
| Accrued Expenses | 69.73M | 109.41M | 93.17M | 70.77M | 54.72M | 40.28M |
| Current Income Taxes Payable | 43.35M | 8.29M | 25.69M | |||
| Other Current Liabilities | 19.00M | 114.16M | 37.76M | 37.13M | 36.66M | |
| Total Current Liabilities | 191.13M | 205.52M | 308.37M | 227.74M | 182.73M | 184.67M |
| Long-Term Deferred Tax Liabilities | 203.57M | 221.87M | 154.65M | 142.87M | 152.21M | 128.20M |
| Other Long-Term Liabilities | 38.73M | 39.65M | 55.58M | 17.11M | 10.00M | 10.27M |
| Total Liabilities | 433.43M | 467.04M | 518.60M | 387.72M | 344.94M | 323.14M |
| Common Stock | 751.00K | 751.00K | 751.00K | 751.00K | 751.00K | 751.00K |
| Additional Paid-In Capital | 87.78M | 86.11M | 80.84M | 76.37M | 72.11M | 67.99M |
| Retained Earnings | 2.71B | 2.77B | 2.57B | 1.76B | 1.57B | 1.07B |
| Treasury Stock | -222.85M | -217.77M | -85.89M | -31.60M | -30.01M | -28.45M |
| Comprehensive Income & Other | -2.43M | -1.47M | -1.01M | -1.77M | -2.89M | -1.60M |
| Total Common Equity | 2.57B | 2.63B | 2.56B | 1.80B | 1.61B | 1.10B |
| Minority Interest | 10.21M | 7.80M | 5.39M | -3.10M | -1.50M | -206.00K |
| Shareholders' Equity | 2.58B | 2.64B | 2.57B | 1.80B | 1.61B | 1.10B |
| Total Liabilities & Equity | 3.01B | 3.11B | 3.08B | 2.18B | 1.95B | 1.43B |
| Net Cash (Debt) | 767.59M | 924.06M | 1.39B | 812.38M | 647.91M | 174.51M |
| Net Cash Per Share | 16.21 | 19.34 | 28.47 | 16.62 | 13.27 | 3.58 |
| Filing Date Shares Outstanding | 46.71M | 46.92M | 48.50M | 49.04M | 48.98M | 48.94M |
| Total Common Shares Outstanding | 46.92M | 46.98M | 48.49M | 49.04M | 48.98M | 48.94M |
| Working Capital | 1.28B | 1.38B | 1.66B | 1.01B | 942.19M | 476.85M |
| Book Value Per Share | 54.77 | 56.04 | 52.80 | 36.71 | 32.89 | 22.57 |
| Tangible Book Value | 2.38B | 2.46B | 2.50B | 1.74B | 1.55B | 1.04B |
| Tangible Book Value Per Share | 50.65 | 52.42 | 51.53 | 35.45 | 31.67 | 21.30 |
| Land | 176.24M | 158.63M | 131.05M | 117.28M | 109.83M | |
| Buildings | 835.67M | 722.55M | 627.12M | 552.67M | 517.86M | |
| Machinery | 1.09B | 876.02M | 782.74M | 715.21M | 655.92M | |
| Construction In Progress | 207.01M | 148.62M | 121.27M | 98.61M | 71.97M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 58.73M | 316.68M | 1.22B | 277.89M | 758.02M | 132.65M |
| Depreciation & Amortization | 128.21M | 124.34M | 94.02M | 80.24M | 72.23M | 68.39M |
| Stock-Based Compensation | 5.76M | 5.76M | 4.53M | 4.36M | 4.21M | 4.06M |
| Other Operating Activities | -61.54M | 64.37M | 9.33M | -12.69M | 21.68M | -3.63M |
| Change in Accounts Receivable | 139.75M | 139.75M | -105.00M | -27.57M | 58.13M | -88.06M |
| Change in Inventory | -34.98M | -34.98M | -12.22M | 28.80M | -21.10M | -36.15M |
| Change in Accounts Payable | -8.34M | -8.34M | 65.31M | 9.35M | 14.94M | 29.99M |
| Change in Income Taxes | -94.81M | -94.81M | -45.95M | 91.57M | -42.22M | 26.06M |
| Change in Other Net Operating Assets | -33.02M | -33.02M | -5.33M | -553.00K | -2.89M | -7.10M |
| Operating Cash Flow | 99.76M | 479.75M | 1.22B | 451.40M | 863.01M | 126.21M |
| Capital Expenditures | -132.53M | -151.22M | -161.25M | -147.12M | -136.57M | -72.40M |
| Sale of Property, Plant & Equipment | 308.00K | 328.00K | 3.88M | 272.00K | 580.00K | 686.00K |
| Cash Acquisitions | -202.28M | -452.57M | -116.19M | -53.75M | -44.82M | |
| Investment in Securities | 351.00M | 99.58M | -301.90M | -212.00M | -239.12M | -8.14M |
| Other Investing Activities | 7.66M | |||||
| Investing Cash Flow | 16.50M | -503.88M | -575.47M | -412.59M | -375.11M | -117.02M |
| Long-Term Debt Repaid | -2.48M | -214.00K | -224.00K | -215.00K | ||
| Net Debt Issued (Repaid) | -2.48M | -214.00K | -224.00K | -215.00K | ||
| Issuance of Common Stock | 3.00K | |||||
| Repurchase of Common Stock | -136.16M | -131.12M | -53.95M | -1.69M | -1.64M | -1.13M |
| Common Dividends Paid | -117.46M | -231.62M | -330.29M | -91.86M | -252.29M | -6.12M |
| Financing Cash Flow | -253.62M | -362.75M | -386.72M | -93.76M | -254.16M | -7.46M |
| Net Cash Flow | -137.36M | -386.88M | 262.54M | -54.95M | 233.74M | 1.73M |
| Free Cash Flow | -32.77M | 328.53M | 1.06B | 304.28M | 726.44M | 53.81M |
| Free Cash Flow Margin | -1.30% | 11.28% | 24.95% | 13.08% | 23.09% | 3.03% |
| Free Cash Flow Per Share | -0.69 | 6.88 | 21.75 | 6.23 | 14.88 | 1.10 |
| Levered Free Cash Flow | -175.79M | 8.80M | 844.76M | 213.73M | 550.21M | 45.22M |
| Unlevered Free Cash Flow | -175.38M | 9.14M | 845.15M | 214.07M | 550.58M | 45.47M |
| Cash Income Tax Paid | 119.93M | 119.93M | 426.20M | 35.10M | 258.25M | 1.75M |
| Change in Working Capital | -31.40M | -31.40M | -103.19M | 101.60M | 6.86M | -75.27M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.07B | 3.54B | 4.70B | 3.02B | 2.33B | 2.36B |
| Enterprise Value | 2.30B | 2.40B | 3.47B | 2.33B | 1.68B | 2.26B |
| Last Close Price | 63.56 | 74.72 | 91.15 | 54.50 | 40.54 | 37.33 |
| PE Ratio | 53.29 | 11.18 | 3.86 | 10.88 | 3.07 | 17.77 |
| Forward PE | 20.96 | 7.88 | 15.79 | 7.56 | 10.09 | |
| PS Ratio | 1.19 | 1.22 | 1.10 | 1.30 | 0.74 | 1.33 |
| PB Ratio | 1.16 | 1.34 | 1.83 | 1.68 | 1.45 | 2.13 |
| P/TBV Ratio | 1.26 | 1.44 | 1.88 | 1.74 | 1.50 | 2.26 |
| P/FCF Ratio | 10.78 | 4.42 | 9.94 | 3.21 | 43.80 | |
| P/OCF Ratio | 30.05 | 7.38 | 3.84 | 6.70 | 2.70 | 18.68 |
| PEG Ratio | 0.46 | 0.46 | 0.46 | 0.46 | 0.04 | |
| EV/Sales Ratio | 0.88 | 0.82 | 0.81 | 1.00 | 0.54 | 1.27 |
| EV/EBITDA Ratio | 15.02 | 5.12 | 2.10 | 6.21 | 1.62 | 10.94 |
| EV/EBIT Ratio | 109.85 | 6.97 | 2.23 | 7.90 | 1.75 | 16.34 |
| EV/FCF Ratio | 7.29 | 3.26 | 7.65 | 2.32 | 42.03 | |
| Net Debt / Equity Ratio | -0.30 | -0.35 | -0.54 | -0.45 | -0.40 | -0.16 |
| Net Debt / EBITDA Ratio | -5.17 | -1.98 | -0.84 | -2.17 | -0.62 | -0.84 |
| Net Debt / FCF Ratio | 23.42 | -2.81 | -1.31 | -2.67 | -0.89 | -3.24 |
| Asset Turnover | 0.81 | 0.94 | 1.62 | 1.12 | 1.86 | 1.34 |
| Inventory Turnover | 6.00 | 6.68 | 8.65 | 6.54 | 7.12 | 5.98 |
| Quick Ratio | 5.51 | 5.78 | 5.40 | 4.28 | 4.57 | 2.13 |
| Current Ratio | 7.70 | 7.70 | 6.38 | 5.45 | 6.16 | 3.58 |
| Return on Equity (ROE) | 2.38% | 12.22% | 55.84% | 16.22% | 55.77% | 12.51% |
| Return on Assets (ROA) | 0.41% | 6.93% | 36.96% | 8.89% | 35.64% | 6.51% |
| Return on Invested Capital (ROIC) | 0.98% | 18.39% | 109.70% | 23.22% | 77.27% | 12.44% |
| Return on Capital Employed (ROCE) | 0.70% | 11.80% | 56.10% | 15.00% | 54.40% | 11.10% |
| Earnings Yield | 1.88% | 8.95% | 25.93% | 9.19% | 32.54% | 5.63% |
| FCF Yield | -1.09% | 9.28% | 22.60% | 10.06% | 31.18% | 2.28% |
| Dividend Yield | 1.64% | 3.26% | 8.61% | 3.06% | 10.86% | 1.81% |
| Payout Ratio | 87.51% | 73.14% | 27.07% | 33.05% | 33.28% | 4.61% |
| Buyback Yield / Dilution | 2.90% | 2.27% | -0.04% | -0.08% | -0.21% | -0.16% |
| Total Shareholder Return | 4.58% | 5.53% | 8.58% | 2.98% | 10.66% | 1.65% |