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CALM

Cal-Maine Foods, Inc.

CALM

Cal-Maine Foods, Inc. • NASDAQ
$83.32 ▲ 0.40% (+0.33)
Market Cap $4.04 B
52w High $126.40
52w Low $79.55
Dividend Yield 8.68%
P/E 3.2
Volume 460.82K
Outstanding Shares 48.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $922.602M ▼ $62.13M ▼ $199.34M ▼ 21.606% ▼ $4.13 ▼ $286.92M ▼
Q4-2025 $1.104B ▼ $95.659M ▲ $342.475M ▼ 31.031% ▼ $7.05 ▼ $528.502M ▼
Q3-2025 $1.418B ▲ $80.445M ▲ $508.533M ▲ 35.871% ▲ $10.42 ▲ $659.76M ▲
Q2-2025 $954.671M ▲ $77.981M ▲ $219.064M ▲ 22.947% ▲ $4.49 ▲ $302.169M ▲
Q1-2025 $785.871M $60.261M $149.976M 19.084% $3.08 $207.188M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $1.253B ▼ $3.196B ▲ $494.475M ▼ $2.697B ▲
Q4-2025 $1.393B ▲ $3.102B ▲ $536.473M ▼ $2.561B ▲
Q3-2025 $1.24B ▲ $3.082B ▲ $694.061M ▲ $2.382B ▲
Q2-2025 $797.183M ▲ $2.49B ▲ $438.616M ▼ $2.045B ▲
Q1-2025 $753.59M $2.39B $490.945M $1.903B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $199.34M ▼ $278.604M ▼ $-409.714M ▼ $-114.181M ▲ $-248.472M ▼ $233.302M ▼
Q4-2025 $342.475M ▼ $415.508M ▼ $-192.843M ▼ $-219.485M ▼ $3.153M ▼ $369.648M ▼
Q3-2025 $508.153M ▲ $571.575M ▲ $-137.704M ▼ $-76.928M ▼ $356.943M ▲ $521.768M ▲
Q2-2025 $218.359M ▲ $122.699M ▲ $-111.551M ▲ $-52.519M ▼ $-41.371M ▲ $92.884M ▲
Q1-2025 $149.59M $117.452M $-135.871M $-37.792M $-56.211M $81.679M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Egg Products
Egg Products
 $30.00M ▲$40.00M ▲$40.00M ▲$60.00M ▲
NonSpecialty Shell Egg Sales
NonSpecialty Shell Egg Sales
 $370.00M ▲$480.00M ▲$620.00M ▲$1.02Bn ▲
Other
Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Specialty Shell Egg Sales
Specialty Shell Egg Sales
 $240.00M ▲$260.00M ▲$290.00M ▲$330.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have grown sharply over the past few years, with the most recent year standing out as exceptionally strong. Margins have widened, meaning the company is keeping more profit from each dollar of sales than it used to. Earlier years show how sensitive results are to egg prices and input costs, with profitability swinging from nearly flat to very strong. Overall, the trend is toward much higher earnings than in the past, but with an underlying pattern of volatility that is typical for a commodity-focused business.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. Assets and shareholders’ equity have steadily increased, reflecting reinvestment of profits and a stronger underlying business. The company carries no financial debt, which reduces financial risk and gives it flexibility in downturns or during volatile egg markets. Cash levels have risen meaningfully, providing a comfortable liquidity cushion for operations, investment, or potential acquisitions.

Cash Flow

Cash Flow Cash generation from the core business has improved significantly, especially in the most recent years. After covering capital spending, the company has consistently produced solid free cash flow, a change from earlier years when investment needs occasionally outweighed cash coming in. Capital spending has been steady but manageable, suggesting the company is investing in its facilities and growth without stretching its finances. Overall, the cash flow profile looks healthy, with good capacity to fund operations and strategic projects internally.

Competitive Edge

Competitive Edge Cal-Maine holds a leading position as the largest shell egg producer in the United States, which gives it important cost and scale advantages in a low-margin, price-sensitive market. Its vertical integration—from feed and flocks through processing and distribution—helps control quality and costs across the entire chain. Strong relationships with major retailers and a broad distribution network make it hard for smaller competitors to match its reach. At the same time, the shift toward specialty and branded eggs, along with prepared products, helps reduce reliance on pure commodity pricing, potentially smoothing out some of the industry’s ups and downs.

Innovation and R&D

Innovation and R&D The company has leaned heavily into operational technology and process innovation rather than traditional lab-style R&D. Highly automated farms and processing lines, centralized data systems, and specialized compliance software all support efficiency, quality, and regulatory adherence at scale. Beyond operations, Cal-Maine is innovating in its product mix by expanding into cage-free, organic, and other specialty eggs, as well as egg-based prepared foods through acquisitions and joint ventures. These steps signal a deliberate move toward higher-value, more differentiated offerings that align with changing consumer preferences and new animal welfare rules.

Summary

Cal-Maine’s recent financial performance has been very strong, with much higher revenue and profits than in prior years, supported by solid cash generation and a debt-free balance sheet. Its size, integration, and relationships with major customers give it a durable edge in a tough, commodity-driven market, while ongoing investments in automation and data systems reinforce efficiency and quality. Strategic moves into specialty eggs and prepared foods create additional growth avenues and may help temper the impact of egg price swings over time. Key risks to keep in mind include exposure to volatile egg prices, shifting regulations on animal welfare and food safety, and biological risks such as disease outbreaks, all of which can cause results to fluctuate from year to year.

NEWS

November 12, 2025 · 4:15 PM UTC

Cal-Maine Foods to Participate in Stephens Annual Investment Conference

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October 1, 2025 · 6:00 AM UTC

Cal-Maine Foods Reports Strongest First Quarter in Company History

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September 17, 2025 · 4:00 PM UTC

Cal-Maine Foods Debuts Quarterly Earnings Call and Webcast Marking Expanded Investor Communications as Company Grows and Diversifies

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