Cal-Maine Foods, Inc. (CALM) Income Statement
CALM FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsCALM revenue and net income
Where CALM's revenue goes
FY2026Each bar shows an amount and its share of revenue. CALM kept 10.9% of revenue as net income.
CALM profit margins
CALM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −31.7% | −2.5% | +16.6% | +4.3% |
| Gross profit | −63.7% | −17.5% | +33.1% | +0.4% |
| Operating income | −77.2% | −28.7% | — | −2.9% |
| Net income | −74.0% | −25.2% | +173.7% | +0.0% |
| EPS (diluted) | −74.2% | −25.4% | +147.0% | −0.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CALM quarterly EPS vs estimates
Cal-Maine Foods beat the analyst EPS estimate in 5 of the last 8 quarters.
CALM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.91B | $4.26B | $2.33B | $3.15B | $1.78B | $1.35B | $1.35B | $1.36B | $1.50B | $1.07B |
| Cost of revenue | $2.24B | $2.41B | $1.78B | $1.95B | $1.44B | $1.19B | $1.17B | $1.14B | $1.14B | $1.03B |
| Gross profit | $672.0M | $1.85B | $541.6M | $1.20B | $337.1M | $160.7M | $179.6M | $222.9M | $361.0M | $45.5M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $329.3M | $314.4M | $233.0M | $232.2M | $136.0M | $183.9M | $178.2M | $174.8M | $177.1M | $174.0M |
| Total operating expenses | $321.9M | $314.3M | $229.1M | $228.7M | $193.5M | $186.9M | $178.3M | $177.1M | $177.1M | $174.0M |
| Operating income | $350.2M | $1.54B | $312.5M | $967.7M | $143.5M | −$26.3M | $1.3M | $45.8M | $102.7M | −$132.1M |
| Interest income | $46.2M | $48.7M | $32.3M | $18.6M | $988,000 | $2.8M | $5.0M | $8.0M | $3.7M | $3.1M |
| Interest expense | $556,000 | $612,000 | $549,000 | $583,000 | $403,000 | $213,000 | $498,000 | $644,000 | $265,000 | $318,000 |
| Income before taxes | $411.0M | $1.60B | $360.0M | $998.5M | $166.0M | −$9.9M | $20.1M | $70.8M | $117.3M | −$114.3M |
| Income taxes | $92.9M | $384.9M | $83.7M | $241.8M | $33.6M | −$12.0M | $1.7M | $15.7M | −$8.9M | −$39.9M |
| Net income | $316.7M | $1.22B | $277.9M | $758.0M | $132.7M | $2.1M | $18.4M | $54.2M | $125.9M | −$74.3M |
| EBITDA | $474.5M | $1.70B | $440.8M | $1.07B | $234.8M | $49.7M | $78.7M | $126.1M | $156.7M | −$83.0M |
| EPS (diluted) | $6.44 | $24.98 | $5.68 | $15.53 | $2.66 | $0.07 | $0.39 | $1.16 | $2.97 | −$1.62 |
| Gross margin | 23.1% | 43.4% | 23.3% | 38.0% | 19.0% | 11.9% | 13.3% | 16.4% | 24.0% | 4.2% |
| Operating margin | 12.0% | 36.1% | 13.4% | 30.8% | 8.1% | −1.9% | 0.1% | 3.4% | 6.8% | −12.3% |
| Net margin | 10.9% | 28.6% | 11.9% | 24.1% | 7.5% | 0.2% | 1.4% | 4.0% | 8.4% | −6.9% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $539.6M | $552.6M | $667.0M | $769.5M | $922.6M | $1.10B | $1.42B | $954.7M | $785.9M | $640.8M | $703.1M | $523.2M |
| Cost of revenue | $539.2M | $518.5M | $547.7M | $562.1M | $611.3M | $572.1M | $701.6M | $598.6M | $538.7M | $454.4M | $484.5M | $432.1M |
| Gross profit | $402,999 | $34.1M | $119.3M | $207.4M | $311.3M | $531.5M | $716.1M | $356.0M | $247.2M | $186.4M | $218.6M | $91.1M |
| Sales, general & admin | — | $93.6M | $83.3M | $82.9M | $69.5M | $149.9M | $80.0M | $77.6M | $26.5M | $13.0M | $33.0M | $56.9M |
| Total operating expenses | $84.2M | $92.9M | $83.3M | $83.5M | $62.1M | $95.7M | $80.4M | $78.0M | $60.3M | $44.2M | $55.8M | $76.9M |
| Operating income | −$83.7M | −$58.8M | $35.9M | $123.9M | $249.2M | $435.9M | $635.7M | $278.1M | $187.0M | $142.2M | $162.8M | $14.2M |
| Interest income | — | $9.8M | $11.3M | $12.3M | $12.8M | $16.5M | $12.6M | $9.8M | $9.8M | $10.4M | $7.6M | $7.0M |
| Interest expense | $247,000 | $49,000 | — | $201,000 | $150,000 | $612,000 | — | — | — | $549,000 | — | $134,000 |
| Income before taxes | −$74.2M | −$46.5M | $58.2M | $136.1M | $263.3M | $453.2M | $663.0M | $289.0M | $198.0M | $152.0M | $185.2M | $22.1M |
| Income taxes | −$18.0M | −$11.5M | $7.1M | $33.2M | $64.2M | $111.1M | $154.9M | $70.6M | $48.4M | $39.0M | $38.8M | $5.5M |
| Net income | −$58.6M | −$35.9M | $50.5M | $102.8M | $199.3M | $342.5M | $508.5M | $219.1M | $150.0M | $113.2M | $146.7M | $17.0M |
| EBITDA | −$50.2M | −$24.8M | $66.5M | $154.0M | $278.8M | $528.5M | $659.8M | $302.2M | $207.2M | $201.7M | $172.3M | $54.3M |
| EPS (diluted) | −$1.26 | −$0.76 | $1.06 | $2.14 | $4.00 | $7.05 | $10.39 | $4.48 | $3.06 | $2.32 | $2.99 | $0.35 |
| Gross margin | 0.1% | 6.2% | 17.9% | 27.0% | 33.7% | 48.2% | 50.5% | 37.3% | 31.5% | 29.1% | 31.1% | 17.4% |
| Operating margin | −15.5% | −10.6% | 5.4% | 16.1% | 27.0% | 39.5% | 44.8% | 29.1% | 23.8% | 22.2% | 23.2% | 2.7% |
| Net margin | −10.9% | −6.5% | 7.6% | 13.4% | 21.6% | 31.0% | 35.9% | 22.9% | 19.1% | 17.7% | 20.9% | 3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CALM's financial statements (latest annual report filed July 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CALM financial results
In fiscal year 2026 (ended May 31, 2026), Cal-Maine Foods reported revenue of $2.9 billion, down 31.7% from the year before. It had net income of $316.7 million (down 74.0%), a net profit margin of 10.9%. Diluted earnings per share came to $6.44. Over five years revenue grew at an average rate of 16.6% a year.
See the CALM stock overview for the latest quote and news, or the CALM chart for price history and technical indicators.
CALM income statement FAQ
What is Cal-Maine Foods's annual revenue?
Cal-Maine Foods reported total revenue of $2.9 billion for fiscal year 2026, which ended on May 31, 2026. That was down 31.7% from $4.3 billion the previous year.
Is Cal-Maine Foods profitable?
Yes. Cal-Maine Foods reported net income of $316.7 million in fiscal 2026, a net profit margin of 10.9%; its operating margin was 12.0%.
What is Cal-Maine Foods's gross margin?
Cal-Maine Foods's gross margin was 23.1% in fiscal 2026: for every $100 of revenue, Cal-Maine Foods kept $23 after the direct cost of its products and services.
How fast is Cal-Maine Foods growing?
Revenue grew 16.6% a year on average over the last five fiscal years, from $1.3 billion to $2.9 billion.
What are Cal-Maine Foods's earnings per share?
Cal-Maine Foods earned $6.44 per diluted share in fiscal 2026, compared with $24.98 a year earlier.
When does Cal-Maine Foods's fiscal year end?
Cal-Maine Foods's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on July 22, 2026.