Cal-Maine Foods Inc (CALM)

Cal-Maine Foods, Inc., together with its subsidiaries, engages in the production, grading, packaging, marketing, and distribution of shell eggs, egg products, and prepared foods in the United Sates. It operates through Conventional Shell Eggs, Specialty Shell Eggs, and Prepared Foods segments. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional and co-pack shell eggs. It also provides prepared food products, such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. The company offers its products under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, 4Grain, Van's, MeadowCreek Foods, and Crepini brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.

Ticker: CALM
Exchange: Nasdaq
Sector: Consumer Defensive
Industry: Farm Products
Market cap: $3.02B
52-week range: $60.13 - $95.25

Valuation

Share price: $64.60 (close of Nov 6, 2026)
P/E (TTM): 51.27x
Price to book: 1.17x
Price to free cash flow: -92.06x
Enterprise value: $2.90B
Book value per share: $55.24

Price performance

Period	Change
1 day	-1.63%
5 days	+1.64%
1 month	+1.89%
3 months	-23.87%
6 months	-15.06%
Year to date	-18.81%
1 year	-26.55%
3 years	+30.43%
5 years	+75.31%
10 years	+76.99%
All time	+3,693.03%

Short interest

As of: Oct 15, 2026
Short % of float: 15.76%
Shares short: 6.08M
Days to cover: 3.87
Change since prior report: +11.08%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 11.99%
Return on invested capital: 9.74%
Return on assets: 10.19%
Return on capital employed: 12.07%
Gross margin: 23.08%
Net margin: 10.88%
EBITDA margin: 16.30%
Revenue growth: -31.68%
Net income growth: -74.04%
Free cash flow growth: -69.11%

Cash flow and balance sheet

Free cash flow yield (TTM): -1.09%
Current ratio: 7.70x
Net debt to EBITDA: -0.77x

Latest reported year

Period end: May 30, 2026
Fiscal year: 2026
Revenue: $2.91B
Cost of revenue: $2.24B
Gross profit: $672.05M
EBITDA: $474.53M
Net income: $316.68M
Earnings per share: $6.65
Shares outstanding: 47.65M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-05-30	$2.91B	$672.05M	$316.68M	$6.65
2025-05-31	$4.26B	$1.85B	$1.22B	$25.04
2024-06-01	$2.33B	$541.57M	$277.89M	$5.70
2023-06-03	$3.15B	$1.20B	$758.02M	$15.58
2022-05-28	$1.78B	$337.06M	$132.65M	$2.73
2021-05-29	$1.35B	$160.66M	$2.06M	$0.04
2020-05-30	$1.35B	$179.59M	$18.39M	$0.38
2019-06-01	$1.36B	$222.86M	$54.23M	$1.12
2018-06-02	$1.50B	$361.05M	$125.93M	$2.60
2017-06-03	$1.07B	$45.55M	-$74.28M	-$1.54

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-05-30	23.08%	10.88%	11.99%	9.74%
2025-05-31	43.43%	28.63%	47.55%	44.88%
2024-06-01	23.28%	11.94%	15.46%	12.73%
2023-06-03	38.03%	24.09%	47.09%	45.10%
2022-05-28	18.97%	7.46%	12.01%	9.94%
2021-05-29	11.91%	0.15%	0.20%	-1.40%
2020-05-30	13.29%	1.36%	1.82%	0.06%
2019-06-01	16.37%	3.98%	5.48%	3.02%
2018-06-02	24.02%	8.38%	13.18%	10.45%
2017-06-03	4.24%	-6.91%	-8.80%	-11.02%

Cash and debt by year

Period end	Cash	Debt
2026-05-30	$107.22M	-
2025-05-31	$499.39M	-
2024-06-01	$237.88M	-
2023-06-03	$292.82M	-
2022-05-28	$59.08M	-
2021-05-29	$57.35M	-
2020-05-30	$232.29M	-
2019-06-01	$319.43M	$641.00K
2018-06-02	$331.02M	$2.55M
2017-06-03	$156.03M	$6.11M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-05-30	$328.53M	$5.76M
2025-05-31	$1.06B	$4.53M
2024-06-01	$304.28M	$4.36M
2023-06-03	$726.44M	$4.21M
2022-05-28	$53.81M	$4.06M
2021-05-29	-$68.93M	$3.78M
2020-05-30	-$50.57M	$3.62M
2019-06-01	$47.10M	$3.62M
2018-06-02	$180.74M	$3.50M
2017-06-03	-$112.58M	$3.40M

Dividend history

Most recent payment: Apr 29, 2026

Payment date	Dividend per share
2026-04-29	$0.35
2026-01-28	$0.72
2025-10-29	$1.37
2025-08-04	$2.35
2025-04-30	$3.46
2025-01-29	$1.49
2024-10-30	$1.02
2024-08-05	$0.77

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-30	Aug 2026	-
2026-07-22	May 2026	-
2026-04-01	Feb 2026	-
2026-01-07	Nov 2025	-
2025-10-01	Aug 2025	-
2025-07-22	May 2025	-
2025-04-08	Feb 2025	-
2025-01-07	Nov 2024	-

Filings and sources

Company website: calmainefoods.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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