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. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain brand names. It also provides ready-to-eat products, such as hard-cooked eggs, egg wraps, protein pancakes, crepes and wrap-ups; and sells feed, miscellaneous byproducts, and resale products. The company sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, northeastern, and mid-Atlantic regions of the United States, as well as Puerto Rico. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.3B | $1.7B | $1.2B | $1.1B | 47.6% | 83.2% | 339.0% |
| 2024 | $2.3B | $441M | $278M | $304M | 15.4% | -26.1% | -63.3% |
| 2023 | $3.1B | $1.1B | $758M | $726M | 47.1% | 77.0% | 471.4% |
| 2022 | $1.8B | $235M | $133M | $54M | 12.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,777.16 | 3,146.22 | 2,326.44 | 4,261.88 |
| Cost Of Revenue | - | 1,440.10 | 1,949.76 | 1,784.87 | 2,411 |
| Gross Profit | - | 337.06 | 1,196.46 | 541.57 | 1,850.88 |
| Operating Expense | - | 198.63 | 232.21 | 232.98 | 314.45 |
| Operating Income | - | 138.43 | 964.25 | 308.59 | 1,536.44 |
| EBITDA | - | 234.81 | 1,071.37 | 440.76 | 1,697.78 |
| EBIT | - | 166.42 | 999.13 | 360.52 | 1,603.75 |
| Pretax Income | - | 166.02 | 998.55 | 359.97 | 1,603.14 |
| Tax Provision | - | 33.57 | 241.82 | 83.69 | 384.91 |
| Net Income | - | 132.65 | 758.02 | 277.89 | 1,220.05 |
| Net Income Common Stockholders | - | 132.65 | 758.02 | 277.89 | 1,220.05 |
| Total Expenses | - | 1,638.73 | 2,181.97 | 2,017.85 | 2,725.45 |
| Interest Expense | - | 0.40 | 0.58 | 0.55 | 0.61 |
| Interest Income | - | 0.99 | 18.55 | 32.28 | 48.67 |
| Selling General And Administration | - | 198.63 | 232.21 | 232.98 | 314.45 |
| Normalized EBITDA | - | 219.57 | 1,057.65 | 425.57 | 1,686.48 |
| Normalized Income | - | 120.49 | 747.63 | 266.22 | 1,211.46 |
| Market Cap | 3,611.99 | 3,611.99 | 3,611.99 | 3,611.99 | 3,611.99 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cal-Maine Foods, Inc.this co. | CALM | $3.7B | 2.96β discount | 1.41 | 47.6% | - |
| Laureate Education, Inc. | LAUR | $4.6B | 15.71 | 3.72 | 23.7% | 9.17 |
| Stride, Inc. | LRN | $4.2B | 14.51 | 2.82 | 19.5% | 7.76 |
| Covista Inc. | CVSA | $4.0B | 15.67 | 2.59 | 16.5% | 10.04 |
| Freshpet, Inc. | FRPT | $3.2B | 23.32 |
| - |
| - |
| - |
| - |
| - |
| 2.68 |
| 11.5% |
| 19.83 |
| National Beverage Corp. | FIZZ | $3.2B | 17.14 | 7.21 | 42.1% | 12.02 |
| Interparfums, Inc. | IPAR | $2.9B | 17.37 | 3.32 | 19.1% | 9.79 |
| The Vita Coco Company, Inc. | COCO | $2.9B | 40.33 | 8.68 | 21.5% | 32.23 |
| The Andersons, Inc. | ANDE | $2.6B | 27.01 | 2.08 | 7.7% | 10.66 |
| Peer Median | - | 17.25 | 3.07 | 19.3% | 10.35 | |