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. In the quarter to August 2026, revenue fell 41.5%, EPS fell 129.1% and free cash flow fell 154.8%, each against the same quarter a year earlier.

63.65 0.06 +0.09%
Market cap
$3.0B
P/E
51.1×
Fwd P/E
19.7×
Dividend yield
3.86%
F-score
6/9
Altman Z
7.66
Beneish M
−1.61
Dividend safety
42/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 9.58%

Capital & Financial Ratios $m

Market Cap 2,970.00
Revenue 2,528.64
Net Income 62.80
Free Cash Flow (32.46)
Net Debt (767.59)
Current Ratio 7.70 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 51.06 (above 35: high)
Fwd P/E 19.70
P/S ratio 1.18
P/B ratio 1.15
Past 5Y EPS Growth 177.90% (at or above 15%: strong)
This Y EPS Growth (140.00%) (below 0%: weak)
Next Y EPS Growth 137.14% (at or above 15%: strong)
Next Y revenue growth (20.18%) (below 0%: weak)
Next 5Y EPS Growth (22.13%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 81.65%
10-year low 10-year high
P/S against its own 10 years 23.85%
10-year low 10-year high
P/B against its own 10 years 0.26%
10-year low 10-year high
EV/Sales against its own 10 years 20.13%
10-year low 10-year high

Dividends

Payout Ratio 2.00
Annual Dividend Rate 2.46
Annual Dividend Yield 3.86%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 3.26
0.72
0.36
2025 8.72
1.49
3.50
2.35
1.38
2024 2.90
0.12
1.00
0.77
1.02
2023 4.31
1.35
2.20
0.76
0.01
2022 1.73
0.13
0.75
0.85
2021 0.03
0.03
2020 Powerpack
2019 0.42
0.15
0.27
2018 0.59
0.15
0.35
0.09
2016 1.19
0.75
0.44
predictions special payouts not included in total or ratios

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 96 191
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%

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.

EPS $

Aug Nov Feb May Year
’26 (1.20) — — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

3.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 33.40 39.50 36.65 30.74 33.85 36.32 42.25 53.02 79.24 61.88

Analyst estimates 2027–2029

Powerpack
High 50.40 52.30 47.00 46.66 43.24 65.32 61.91 114.06 126.40 95.25
People
People Employees 3,578 3,573 3,490 3,636 3,286 2,985 2,976 3,067 3,828 4,909
Revenue/emp, $m 0.30 0.42 0.39 0.37 0.41 0.60 1.06 0.76 1.11 0.59
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
Gross margin, % 4.24 24.02 16.37 13.29 11.91 18.97 38.03 23.28 43.43 23.08
EBT (114) 117 71 20 (10) 166 999 360 1,603 411
EBT margin, % (10.64) 7.81 5.20 1.48 (0.74) 9.34 31.74 15.47 37.62 14.12
Net income (74) 126 55 18 2 132 757 276 1,218 318
Depreciation 53 56 56 58 60 68 72 80 94 124
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
Earnings (1.54) 2.60 1.12 0.38 0.04 2.73 15.58 5.70 25.04 6.65
Cash flow (0.95) 4.14 2.37 1.52 0.54 2.60 17.74 9.27 25.14 10.07
Capex (1.38) (0.39) (1.37) (2.49) (1.89) (1.48) (2.80) (3.01) (3.23) (3.17)
Free cash flow (2.33) 3.76 1.00 (0.98) (1.35) 1.12 14.94 6.25 21.91 6.90
Book value 17.46 19.76 20.42 20.83 20.87 22.73 33.09 36.89 52.67 55.42
Shares, m 48 48 48 48 49 49 49 49 49 48
Valuation, ×
Valuation, × P/E 0.00 18.48 33.05 116.45 900.50 17.55 3.05 10.82 3.87 11.42
P/S 1.67 1.55 1.32 1.59 1.30 1.30 0.74 1.29 1.11 1.23
P/B 2.13 2.43 1.81 2.12 1.73 2.10 1.44 1.67 1.84 1.36
EV/Sales 1.54 1.33 1.09 1.42 1.17 1.21 0.53 0.94 0.78 0.91
EV/FCF (14.70) 11.00 30.35 (40.49) (24.10) 39.37 2.29 7.20 3.12 8.08
Cash, $m
Cash, $m Operating cash flow (46) 200 115 74 26 126 863 451 1,225 480
Capex (67) (19) (66) (121) (92) (72) (136) (147) (157) (151)
Free cash flow (112) 182 49 (47) (66) 54 727 305 1,067 329
Balance, $m
Balance, $m Working capital 372 480 493 429 430 477 942 1,014 1,660 1,376
Total debt 11 6 2 1 0 2 — — — —
Net debt (145) (325) (317) (232) (169) (175) (648) (812) (1,392) (924)
Shareholders’ equity 844 956 990 1,010 1,013 1,104 1,610 1,797 2,566 2,641
Returns, %
Returns, % ROA (6.93) 11.53 4.70 1.56 0.17 9.99 44.83 13.43 46.31 10.23
ROIC (11.99) 9.96 4.25 0.10 (1.95) 9.65 62.89 19.83 81.81 12.75
ROE (8.43) 13.99 5.57 1.84 0.20 12.53 55.86 16.31 55.93 12.16
Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 6 Oct 2026

Charts ten years each

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
BG Bunge Global SA $20.6B 20.6× 14.5× +88.28% (above 0%: growing) +32.95% (above 0%: growing) −0.80% (below 0%: shrinking) 6.99% 4.51% Compare
TSN Tyson Foods, Inc. $18.6B 32.9× 18.3× −0.12% (below 0%: shrinking) +194.44% (above 0%: growing) −34.29% (below 0%: shrinking) 6.64% 2.61% Compare
CALM Cal-Maine Foods, Inc. $3.0B 51.1× 19.7× −41.51% (below 0%: shrinking) n/m −154.84% (below 0%: shrinking) 0.07% (15.23%)
IBA Industrias Bachoco, S.A. de C.V. $2.5B 11.9× 8.8× +6.31% (above 0%: growing) −53.24% (below 0%: shrinking) +146.11% (above 0%: growing) 18.30% 9.63% Compare
AGRO Adecoagro S.A. $1.5B 30.4× 2.6× +38.98% (above 0%: growing) n/m −5.56% (below 0%: shrinking) 32.92% 17.32% Compare
DMC Del Monte Corporation $1.4B 41.1× 17.0× +3.10% (above 0%: growing) −62.18% (below 0%: shrinking) −70.03% (below 0%: shrinking) 9.95% 2.75% Compare
DOLE Dole PLC $1.3B 21.5× 10.2× +2.92% (above 0%: growing) +170.00% (above 0%: growing) −218.11% (below 0%: shrinking) 7.81% 1.90% Compare
VITL Vital Farms, Inc. $367.1M — (loss-making) — (loss-making) −10.14% (below 0%: shrinking) n/m −521.68% (below 0%: shrinking) 6.58% (24.18%) Compare
LND Brasilagro Cia Brasileira De Propriedades Agricolas $356.6M 1,385× 7.5× −17.41% (below 0%: shrinking) n/m +30.61% (above 0%: growing) 16.11% 13.32% Compare
Median of peers $1.4B 30.4× 10.2× +3.01% +32.95% −19.92% 8.88% 3.63%

All 25 Farm Products stocks →

Cal-Maine Foods, Inc. (CALM) key facts

  • Concern: Cal-Maine Foods, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $2.9 billion, down 31.7% from fiscal 2025.
  • Cal-Maine Foods, Inc. (CALM) is a Farm Products company in the Consumer Defensive sector, listed on Nasdaq.
  • As of October 16, 2026, CALM traded at $63.65, a market capitalization of $3.0 billion.
  • Cal-Maine Foods, Inc. pays an annual dividend of $2.46 per share, a yield of 3.86%.
  • Return on equity was 12.2% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 7.66 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 6, 2026.

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

28 Sep

22 Sep

stockrow.com/CALM · Data as of Oct 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com