Cal-Maine Foods Past Earnings Performance
Past criteria checks 2/6
Cal-Maine Foods has been growing earnings at an average annual rate of 36.2%, while the Food industry saw earnings growing at 2.2% annually. Revenues have been growing at an average rate of 18.8% per year. Cal-Maine Foods's return on equity is 12%, and it has net margins of 10.9%.
Key information
36.23%
Earnings growth rate
36.30%
EPS growth rate
| Food Industry Growth | 15.98% |
| Revenue growth rate | 18.78% |
| Return on equity | 12.05% |
| Net Margin | 10.88% |
| Last Earnings Update | 30 May 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Jul 13
Cal-Main Foods: Remains A Healthy Buy
Summary Cal-Maine Foods, Inc. (CALM) earns a reiterated 'buy' rating as its transition to specialty eggs and prepared foods drives operational resilience despite cyclical egg price lows. Specialty eggs now comprise over 50% of shell egg sales, buffering volatility; prepared foods surged 441.2% YoY to 10% of sales, enhancing margin stability. Cal-Maine maintains a fortress balance sheet with $1.1 billion net cash versus $4.1 billion market cap, supporting organic growth and opportunistic M&A. Egg price downside appears limited; DOJ probe settlement removes a key overhang, reinforcing the bullish risk/reward for patient investors. Read the full article on Seeking Alpha
Narrative Update • Jun 26
CALM: Board Expansion And Egg Platform Acquisitions Will Shape Future Returns
Analysts have adjusted their view on Cal-Maine Foods, lowering the fair value estimate from $98.00 to $86.75 as they factor in updated assumptions around revenue trends, profit margins, and a slightly higher discount rate, while still using a similar forward P/E framework. What's in the News for Cal-Maine Foods Cal-Maine Foods expanded its Board of Directors from eight to ten members by appointing Haley R.Analysis Article • Sep 16
Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Share Price Is Matching Sentiment Around Its Earnings
With a price-to-earnings (or "P/E") ratio of 4.3x Cal-Maine Foods, Inc. ( NASDAQ:CALM ) may be sending very bullish...Analysis Article • Jul 26
Earnings Update: Cal-Maine Foods, Inc. (NASDAQ:CALM) Just Reported And Analysts Are Boosting Their Estimates
Cal-Maine Foods, Inc. ( NASDAQ:CALM ) just released its latest annual results and things are looking bullish. The...Analysis Article • Jun 27
Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Intrinsic Value Is Potentially 92% Above Its Share Price
Key Insights The projected fair value for Cal-Maine Foods is US$190 based on 2 Stage Free Cash Flow to Equity Cal-Maine...Analysis Article • May 16
Little Excitement Around Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Earnings
With a price-to-earnings (or "P/E") ratio of 4.8x Cal-Maine Foods, Inc. ( NASDAQ:CALM ) may be sending very bullish...Analysis Article • Apr 26
Cal-Maine Foods (NASDAQ:CALM) Is Increasing Its Dividend To $3.46
Cal-Maine Foods, Inc. ( NASDAQ:CALM ) has announced that it will be increasing its dividend from last year's comparable...Seeking Alpha • Apr 16
Margins Surge For Cal-Maine Foods, But Little Clarity On The Future Of The Egg Industry
Summary Cal-Maine Foods (CALM) has seen record profits due to high egg prices and lower feed costs, despite a recent Q3 earnings miss. The avian flu has significantly impacted egg supply, driving prices up, but this situation is temporary and will eventually normalize. The company faces potential risks from a Justice Department investigation and possible stock dilution, despite having substantial cash reserves and no debt. Cal-Maine remains a buy for now, but investors should monitor market conditions and margins closely as the egg market stabilizes. Read the full article on Seeking AlphaAnalysis Article • Apr 12
Cal-Maine Foods (NASDAQ:CALM) Will Pay A Larger Dividend Than Last Year At $3.46
The board of Cal-Maine Foods, Inc. ( NASDAQ:CALM ) has announced that it will be paying its dividend of $3.46 on the...Analysis Article • Mar 21
Is Now The Time To Put Cal-Maine Foods (NASDAQ:CALM) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Seeking Alpha • Mar 13
Cal-Maine Foods: Taking The Right Steps To Adapt To Cage-Free Eggs Demand
Summary Cal-Maine is the leading U.S. egg producer with a vertically integrated approach. The egg market is seeing a shift towards cage-free production. Cal-Maine is taking steps to adapt to this new demand. After falling 22% in the last month, the company is trading at a dividend yield of 7%. I think it is cheap for a market leader. Read the full article on Seeking AlphaAnalysis Article • Feb 06
Why Investors Shouldn't Be Surprised By Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Low P/E
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Analysis Article • Jan 16
Cal-Maine Foods (NASDAQ:CALM) Is Increasing Its Dividend To $1.49
Cal-Maine Foods, Inc.'s ( NASDAQ:CALM ) dividend will be increasing from last year's payment of the same period to...Seeking Alpha • Jan 09
Cal-Maine Foods: Risk Of Cyclical Peak From Avian Flu
Summary Cal-Maine's Q2 FY 2025 results show strong revenue and profit growth from higher egg prices due to avian flu, but these gains are likely short-lived. With $800M in liquidity and no debt, Cal-Maine remains financially healthy and positioned to make acquisitions when flushed with cash. Their operating model can not only point to a large flock sizes but flexibility toward the shift from conventional eggs to specialty. CALM's current valuation reflects temporary high earnings; DCF suggests an ideal entry price closer to $29 per share for better long-term returns. Read the full article on Seeking AlphaSeeking Alpha • Dec 19
Cal-Maine Foods: Leading Egg Producer Keeps Hatching As Share Price Flies Through Barn Door
Summary My initial rating of leading egg producer Cal-Maine Foods is a hold, as the upside factors are overshadowed by the share price at 10-year highs. The company can benefit from expected future consumer resilience and demand for eggs, as well as higher prices due to supply and avian flu headwinds lately. This firm has no long-term debt, making it a more conservative choice to keep in a portfolio, along with a strong profit margin beating key peers. With a P/B overvalued to peers, and forward P/E only slightly undervalued, along with an inconsistent dividend growth history, there may be a better time to click buy. Read the full article on Seeking AlphaAnalysis Article • Dec 11
The Trend Of High Returns At Cal-Maine Foods (NASDAQ:CALM) Has Us Very Interested
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Oct 30
Are Investors Undervaluing Cal-Maine Foods, Inc. (NASDAQ:CALM) By 31%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Cal-Maine Foods fair value estimate is US$130 Current share...Analysis Article • Oct 08
Cal-Maine Foods, Inc. (NASDAQ:CALM) Held Back By Insufficient Growth Even After Shares Climb 25%
Cal-Maine Foods, Inc. ( NASDAQ:CALM ) shares have continued their recent momentum with a 25% gain in the last month...Analysis Article • Oct 06
Cal-Maine Foods' (NASDAQ:CALM) Shareholders Will Receive A Bigger Dividend Than Last Year
Cal-Maine Foods, Inc. ( NASDAQ:CALM ) will increase its dividend on the 14th of November to $1.02, which is 16,883...Seeking Alpha • Oct 06
Cal-Maine Foods: Better Than Expected Results, Cheap, And Growing
Summary Cal-Maine Foods delivered better-than-expected quarterly results, driven by higher egg prices and strategic acquisitions, despite HPAI outbreaks impacting production. The company saw a significant increase in demand for specialty eggs, boosting net sales from $459.3 million to $785.9 million year-over-year. I upgraded my price target to $154 per share, seeing the company undervalued at 5x-6x EBITDA, compared to sector medians. Despite risks from HPAI outbreaks and Hurricane Helene, Cal-Maine's strong management and strategic acquisitions position it well for future growth. Read the full article on Seeking AlphaAnalysis Article • Oct 03
Earnings Miss: Cal-Maine Foods, Inc. Missed EPS By 11% And Analysts Are Revising Their Forecasts
Investors in Cal-Maine Foods, Inc. ( NASDAQ:CALM ) had a good week, as its shares rose 3.1% to close at US$75.41...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Cal-Maine Foods makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 May 26 | 2,912 | 317 | 329 | 0 |
| 28 Feb 26 | 3,463 | 695 | 314 | 0 |
| 29 Nov 25 | 4,213 | 1,153 | 310 | 0 |
| 30 Aug 25 | 4,399 | 1,269 | 307 | 0 |
| 31 May 25 | 4,262 | 1,220 | 293 | 0 |
| 01 Mar 25 | 3,799 | 991 | 272 | 0 |
| 30 Nov 24 | 3,084 | 629 | 258 | 0 |
| 31 Aug 24 | 2,653 | 427 | 237 | 0 |
| 01 Jun 24 | 2,326 | 278 | 247 | 0 |
| 02 Mar 24 | 2,374 | 276 | 237 | 0 |
| 02 Dec 23 | 2,669 | 452 | 230 | 0 |
| 02 Sep 23 | 2,947 | 634 | 231 | 0 |
| 03 Jun 23 | 3,146 | 758 | 232 | 0 |
| 25 Feb 23 | 3,051 | 757 | 222 | 0 |
| 26 Nov 22 | 2,530 | 473 | 216 | 0 |
| 27 Aug 22 | 2,111 | 276 | 206 | 0 |
| 28 May 22 | 1,777 | 133 | 199 | 0 |
| 26 Feb 22 | 1,534 | 18 | 195 | 0 |
| 27 Nov 21 | 1,416 | -8 | 190 | 0 |
| 28 Aug 21 | 1,381 | 3 | 187 | 0 |
| 29 May 21 | 1,349 | 2 | 184 | 0 |
| 27 Feb 21 | 1,453 | 67 | 181 | 0 |
| 28 Nov 20 | 1,439 | 67 | 178 | 0 |
| 29 Aug 20 | 1,403 | 45 | 180 | 0 |
| 30 May 20 | 1,352 | 18 | 178 | 0 |
| 29 Feb 20 | 1,179 | -62 | 172 | 0 |
| 30 Nov 19 | 1,217 | -36 | 173 | 0 |
| 31 Aug 19 | 1,262 | -4 | 173 | 0 |
| 01 Jun 19 | 1,361 | 54 | 177 | 0 |
| 02 Mar 19 | 1,524 | 146 | 186 | 0 |
| 01 Dec 18 | 1,576 | 202 | 185 | 0 |
| 01 Sep 18 | 1,581 | 154 | 182 | 0 |
| 02 Jun 18 | 1,503 | 126 | 179 | 0 |
| 03 Mar 18 | 1,334 | 30 | 176 | 0 |
| 02 Dec 17 | 1,205 | -62 | 176 | 0 |
| 02 Sep 17 | 1,098 | -59 | 175 | 0 |
| 03 Jun 17 | 1,075 | -74 | 176 | 0 |
| 25 Feb 17 | 1,103 | -50 | 168 | 0 |
| 26 Nov 16 | 1,246 | 10 | 172 | 0 |
| 27 Aug 16 | 1,539 | 142 | 175 | 0 |
| 28 May 16 | 1,909 | 316 | 178 | 0 |
| 27 Feb 16 | 2,009 | 363 | 178 | 0 |
| 28 Nov 15 | 1,996 | 349 | 171 | 0 |
| 29 Aug 15 | 1,829 | 277 | 163 | 0 |
Quality Earnings: CALM has high quality earnings.
Growing Profit Margin: CALM's current net profit margins (10.9%) are lower than last year (28.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CALM's earnings have grown significantly by 36.2% per year over the past 5 years.
Accelerating Growth: CALM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CALM had negative earnings growth (-74%) over the past year, making it difficult to compare to the Food industry average (-15.1%).
Return on Equity
High ROE: CALM's Return on Equity (12%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/12 03:59 |
| End of Day Share Price | 2026/08/12 00:00 |
| Earnings | 2026/05/30 |
| Annual Earnings | 2026/05/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cal-Maine Foods, Inc. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Klieve | Benchmark Company |
| Benjamin Mayhew | BMO Capital Markets Equity Research |
| Andrew Strelzik | BMO Capital Markets Equity Research |