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Friday 6 November 2026 Export CALM’s income statement to Excel — free account

Cal-Maine Foods, Inc.

CALM Consumer Defensive Farm Products

Cal-Maine Foods, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $2.9 billion, down 31.7% from fiscal 2025.

Revenue
−41.5%
EPS
−130.5%
Free cash flow
−154.8%

Quarter to August 2026, against a year earlier

65.67 2.40 −3.53%
Market cap
$3.1B
P/E
55.2×
Fwd P/E
−22.1×
Dividend yield
1.64%
F-score
6/9
Altman Z
7.66
Beneish M
−1.61
Dividend safety
42/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 9.58%

Capital & Financial Ratios $m

Size
Market Cap 3,070.00
Revenue ttm 2,528.64
Net income ttm 62.80
Free cash flow ttm (32.46)
Net debt Q (767.59)
Valuation
P/E 55.18 (above 35: high)
Forward P/E (22.10) (negative: loss-making)
Price / sales 1.21
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.19
Financial health
Current ratio Q 7.70 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 27.86
Growth
Revenue growth Q −41.51% (below 0%: shrinking)
Operating income growth Q −132.97% (below 0%: shrinking)
EPS, this year −148.69% (below 0%: weak)
EPS, next year A +124.10% (at or above 15%: strong)
Revenue, next year A −20.18% (below 0%: weak)
EPS, past 5 yrs +177.90% (at or above 15%: strong)
EPS, next 5 yrs A −22.13% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2023 to 1.9× in 2017.
P/E against its own 10 years 81.77%
10-year low 10-year high
P/S against its own 10 years 28.57%
10-year low 10-year high
P/B against its own 10 years 0.77%
10-year low 10-year high
EV/Sales against its own 10 years 24.13%
10-year low 10-year high

Dividends

Yield
1.64%
Annual rate
1.08
Payout ratio
92.3%
Growth, 2016–25
+24.7%/yr
  1. 1.19 ’16
  2. 0.59 ’18 −51
  3. 0.42 ’19 −28
  4. 0.00 ’20 −100
  5. 0.03 ’21
  6. 1.73 ’22 +4979
  7. 4.31 ’23 +150
  8. 2.90 ’24 −33
  9. 8.72 ’25 +200
  10. 3.26 ’26e −63
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 812 1,392 924 768
Receivables 162 272 264 285
Inventory 262 296 375 395
Other — — — —
1,242 1,968 1,582 1,472
2024 2025 2026 Q'26
Payables 76 101 96 102
ST’ Debt — — — —
Other — — — —
228 308 206 191

Compound Annual Growth %

10y 5y 3y
Sales 4.31% 16.63% (2.55%)
Cash Flow 2.13% 78.96% (17.78%)
Earnings 0.02% 173.75% (25.24%)
Book Value 11.15% 21.13% 17.94%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY24 Estimate −0.01 Actual 0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY23 4.30 4.07 Miss by 0.23
Q3 FY23 5.09 6.62 Beat by 1.53
Q4 FY23 1.38 2.27 Beat by 0.89
Q1 FY24 −0.01 0.02 Beat by 0.03

EPS $

Aug Nov Feb May Year
’26 (1.26) — — — —
’26 4.12 2.13 1.06 (0.76) 6.63
’25 3.06 4.47 10.38 7.04 24.95
’24 0.02 0.35 3.00 2.32 5.69
’23 2.57 4.07 6.62 2.27 15.52
’22 (0.37) 0.02 0.81 2.25 2.72
’21 (0.40) 0.25 0.28 (0.09) 0.04
Fiscal quarters ending in the months shown.

Revenue $m

Aug Nov Feb May Year
’26 540 — — — —
’26 923 769 667 553 2,912
’25 786 955 1,418 1,104 4,262
’24 459 523 703 641 2,326
’23 658 802 997 689 3,146
’22 325 382 477 593 1,777
’21 293 347 359 350 1,349
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 (101) — — — —
’26 279 95 104 3 480
’25 117 123 572 413 1,225
’24 24 50 164 214 451
’23 173 172 362 157 863
’22 (24) 9 36 105 126
’21 (15) 4 25 11 26
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 (128) — — — —
’26 233 48 72 (25) 329
’25 86 93 521 367 1,067
’24 (3) 11 134 163 305
’23 145 140 335 107 727
’22 (34) (5) 11 82 54
’21 (40) (23) 7 (10) (66)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Aug ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 1,075 1,503 1,361 1,352 1,349 1,777 3,146 2,326 4,262 2,912 2,529 +11.7% 2,324 2,611 2,914 0.0%
Gross margin, % 4.24 24.02 16.37 13.29 11.91 18.97 38.03 23.28 43.43 23.08 14.28 +18.8 pt
EBT (114) 117 71 20 (10) 166 999 360 1,603 411 74 n/m
EBT margin, % (10.64) 7.81 5.20 1.48 (0.74) 9.34 31.74 15.47 37.62 14.12 2.91 +24.8 pt
Net income (74) 126 55 18 2 132 757 276 1,218 318 63 n/m
Per share, $
Per share, $ Revenue 22.22 31.08 28.08 27.89 27.80 36.58 64.67 47.75 87.48 61.10 54.14 +11.9%
Earnings (1.54) 2.60 1.12 0.38 0.04 2.73 15.58 5.70 25.04 6.65 1.19 n/m
Cash flow (0.95) 4.14 2.37 1.52 0.54 2.60 17.74 9.27 25.14 10.07 2.14 n/m
Capex (1.38) (0.39) (1.37) (2.49) (1.89) (1.48) (2.80) (3.01) (3.23) (3.17) (2.83) +9.7%
Free cash flow (2.33) 3.76 1.00 (0.98) (1.35) 1.12 14.94 6.25 21.91 6.90 (0.70) n/m
Book value 17.46 19.76 20.42 20.83 20.87 22.73 33.09 36.89 52.67 55.42 55.24 +13.7%
Shares, m 48 48 48 48 49 49 49 49 49 48 47 (0.2%)
Valuation, ×
Valuation, × P/E 0.00 18.48 33.05 116.45 900.50 17.55 3.05 10.82 3.87 11.42 55.18 111.5
P/S 1.67 1.55 1.32 1.59 1.30 1.30 0.74 1.29 1.11 1.23 1.21 1.3
P/B 2.13 2.43 1.81 2.12 1.73 2.10 1.44 1.67 1.84 1.36 1.19 1.9
EV/Sales 1.54 1.33 1.09 1.42 1.17 1.21 0.53 0.94 0.78 0.91 0.91 1.1
EV/FCF (14.70) 11.00 30.35 (40.49) (24.10) 39.37 2.29 7.20 3.12 8.08 (70.86) 2.2
Cash, $m
Cash, $m Operating cash flow (46) 200 115 74 26 126 863 451 1,225 480 100 n/m
Capex (67) (19) (66) (121) (92) (72) (136) (147) (157) (151) (132) +9.5%
Free cash flow (112) 182 49 (47) (66) 54 727 305 1,067 329 (32) n/m
Balance, $m
Balance, $m Working capital 372 480 493 429 430 477 942 1,014 1,660 1,376 1,281 +15.7%
Net debt (145) (325) (317) (232) (169) (175) (648) (812) (1,392) (924) (768) +22.8%
Shareholders’ equity 844 956 990 1,010 1,013 1,104 1,610 1,797 2,566 2,641 2,580 +13.5%
Returns, %
Returns, % ROA (6.93) 11.53 4.70 1.56 0.17 9.99 44.83 13.43 46.31 10.23 1.89 +17.2 pt
ROIC (11.99) 9.96 4.25 0.10 (1.95) 9.65 62.89 19.83 81.81 12.75 0.65 +24.7 pt
ROE (8.43) 13.99 5.57 1.84 0.20 12.53 55.86 16.31 55.93 12.16 2.22 +20.6 pt
People
People Employees 3,578 3,573 3,490 3,636 3,286 2,985 2,976 3,067 3,828 4,909 — +3.6%
Revenue/emp, $m 0.30 0.42 0.39 0.37 0.41 0.60 1.06 0.76 1.11 0.59 — +7.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Cal-Maine Foods, Inc. vs peers in Farm Products (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TSN Tyson Foods, Inc. $20.7B 36.1× 26.6× −0.12% (below 0%: shrinking) +194.44% (above 0%: growing) −34.29% (below 0%: shrinking) 6.64% 2.61% Compare
BG Bunge Global SA $18.9B 16.5× 10.5× +7.44% (above 0%: growing) +95.24% (above 0%: growing) −280.79% (below 0%: shrinking) 5.60% 2.79% Compare
CALM Cal-Maine Foods, Inc. $3.1B 55.2× — (loss-making) −41.51% (below 0%: shrinking) n/m −154.84% (below 0%: shrinking) 0.07% (15.23%)
AGRO Adecoagro S.A. $1.3B 27.7× 2.6× +38.98% (above 0%: growing) n/m −5.56% (below 0%: shrinking) 32.92% 17.32% Compare
DOLE Dole PLC $1.3B 22.2× 10.9× +2.92% (above 0%: growing) +170.00% (above 0%: growing) −218.11% (below 0%: shrinking) 7.81% 1.90% Compare
DMC Del Monte Corporation $1.3B 16.0× 17.5× +7.18% (above 0%: growing) n/m −194.80% (below 0%: shrinking) 9.37% 2.66% Compare
VITL Vital Farms, Inc. $408.8M — (loss-making) — (loss-making) −8.43% (below 0%: shrinking) n/m −123.64% (below 0%: shrinking) 23.13% (4.22%) Compare
VFF Village Farms International, Inc. $341.2M 14.7× 13.4× +6.81% (above 0%: growing) −75.00% (below 0%: shrinking) −87.98% (below 0%: shrinking) 46.85% 17.45% Compare
AFRI Forafric Global PLC $333.0M — (loss-making) — — n/m −1,812.63% (below 0%: shrinking) 9.61% 0.00% Compare
Median of peers $1.3B 19.4× 12.2× +6.81% +132.62% −159.22% 9.49% 2.64%

All 22 Farm Products stocks →

Pay and ownership Proxy statement filed 18 August 2026

Ownership

Directors and executive officers, together 3.60%
BlackRock, Inc. 13.30%
The Vanguard Group 10.20%
Dimensional Fund Advisors LP 5.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cal-Maine Foods, Inc. (CALM) Latest News

31 Oct

Impact 3 · · Insider Monkey

12 Oct

Impact 3 · · ACCESS Newswire

6 Oct

Impact 4 · · supplychaindive.com

4 Oct

Impact 3 · · Insider Monkey

2 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

1 Oct

Impact 4 · · InvestorsHub
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Simply Wall St.
Impact 3 · · Investing.com

30 Sep

Impact 4 · · StockStory
Impact 4 · · The Motley Fool
Impact 4 · · qz.com
Impact 4 · · MT Newswires
Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 · · StockStory

29 Sep

Impact 4 · · Business Wire

28 Sep

Impact 3 ·

25 Sep

Impact 3 · · StockStory

22 Sep

Impact 3 · · StockStory

21 Sep

Impact 3 ·

14 Sep

Impact 3 ·

9 Sep

Impact 3 ·

12 Aug

Impact 3 ·

1 Aug

Impact 4 · · Trefis

23 Jul

Impact 3 · · Moby transcript
Impact 3 ·

CALM metrics, ten years each

stockrow.com/CALM · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com