Cal-Maine Foods (CALM) financial statements
Cal-Maine Foods reported revenue of $2.9B in fiscal 2026, up 11.7% a year over 9 years.
Net income was $317M and the operating margin 12.0%, against -12.5% in 2017.
Free cash flow was $329M, and the company returned $232M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Cal-Maine Foods's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.5B | $1.4B | $1.4B | $1.3B | $1.8B | $3.1B | $2.3B | $4.3B | $2.9B |
| Cost of revenue | $1.0B | $1.1B | $1.1B | $1.2B | $1.2B | $1.4B | $1.9B | $1.8B | $2.4B | $2.2B |
| Gross profit | $46M | $361M | $223M | $180M | $161M | $337M | $1.2B | $542M | $1.9B | $672M |
| Selling, general and admin | $176M | $179M | $177M | $178M | $184M | $199M | $232M | $253M | $314M | $329M |
| Operating income | -$134M | $101M | $46M | $1M | -$26M | $144M | $968M | $312M | $1.5B | $350M |
| Interest expense | $318,000 | $265,000 | $644,000 | $498,000 | $213,000 | $403,000 | $583,000 | $549,000 | $612,000 | — |
| Pre-tax income | -$114M | $117M | $71M | $20M | -$10M | $166M | $999M | $360M | $1.6B | $411M |
| Income tax | -$40M | -$9M | $16M | $2M | -$12M | $34M | $242M | $84M | $385M | $93M |
| Net income | -$74M | $126M | $54M | $18M | $2M | $133M | $758M | $278M | $1.2B | $317M |
| EPS (diluted) | -$1.54 | $2.60 | $1.12 | $0.38 | $0.04 | $2.72 | $15.52 | $5.69 | $24.95 | $6.63 |
| Diluted shares | 48M | 48M | 49M | 49M | 49M | 49M | 49M | 49M | 49M | 48M |
| Gross margin | 4.2% | 24.0% | 16.4% | 13.3% | 11.9% | 19.0% | 38.0% | 23.3% | 43.4% | 23.1% |
| Operating margin | -12.5% | 6.7% | 3.4% | 0.1% | -1.9% | 8.1% | 30.8% | 13.4% | 36.1% | 12.0% |
| Net margin | -6.9% | 8.4% | 4.0% | 1.4% | 0.2% | 7.5% | 24.1% | 11.9% | 28.6% | 10.9% |
Balance sheet
Fiscal years, from Cal-Maine Foods's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $156M | $331M | $319M | $232M | $170M | $175M | $648M | $812M | $1.4B | $924M |
| Receivables | $61M | $81M | $57M | $85M | $79M | $169M | $111M | $139M | $244M | $157M |
| Inventory | $161M | $169M | $172M | $187M | $218M | $263M | $284M | $262M | $296M | $375M |
| Total current assets | $436M | $588M | $568M | $522M | $520M | $662M | $1.1B | $1.2B | $2.0B | $1.6B |
| Property, plant and equipment | $458M | $425M | $455M | $557M | $589M | $678M | $745M | $857M | $1.0B | $1.3B |
| Goodwill | $36M | $36M | $36M | $36M | $36M | $44M | $44M | $46M | $47M | $97M |
| Total assets | $1.0B | $1.2B | $1.2B | $1.2B | $1.2B | $1.4B | $2.0B | $2.2B | $3.1B | $3.1B |
| Total current liabilities | $65M | $108M | $75M | $93M | $90M | $185M | $183M | $228M | $308M | $206M |
| Long-term debt | $6M | $3M | $641,000 | — | — | — | — | — | — | — |
| Total liabilities | $189M | $195M | $166M | $197M | $216M | $323M | $345M | $388M | $519M | $467M |
| Shareholders' equity | $843M | $953M | $987M | $1.0B | $1.0B | $1.1B | $1.6B | $1.8B | $2.6B | $2.6B |
| Net debt | -$7M | -$42M | -$67M | -$78M | -$57M | -$59M | -$293M | -$238M | -$499M | -$107M |
Cash flow
Fiscal years, from Cal-Maine Foods's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$46M | $200M | $115M | $74M | $26M | $126M | $863M | $451M | $1.2B | $480M |
| Capital spending | $67M | $20M | $68M | $124M | $95M | $72M | $137M | $147M | $161M | $151M |
| Free cash flow | -$113M | $181M | $47M | -$51M | -$69M | $54M | $726M | $304M | $1.1B | $329M |
| Stock-based compensation | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $6M |
| Dividends paid | $0 | $0 | $42M | $0 | $2M | $6M | $252M | $92M | $330M | $232M |
| Net borrowing | -$17M | -$5M | -$4M | -$2M | $0 | $0 | $0 | $0 | -$2M | $0 |
| Free cash flow margin | -10.5% | 12.0% | 3.5% | -3.7% | -5.1% | 3.0% | 23.1% | 13.1% | 25.0% | 11.3% |
| Dividends per share | — | — | $0.86 | — | $0.03 | $0.13 | $5.17 | $1.88 | $6.76 | $4.85 |
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Open CALM in InvestinglyQuestions
What was Cal-Maine Foods's revenue in 2026?
$2.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Cal-Maine Foods generate?
$329M in fiscal 2026 (operating cash flow minus capital spending).
From Cal-Maine Foods's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.