Cal-maine Foods Inc key statistics and ratios

In fiscal 2026, Cal-maine Foods Inc had return on equity of 12.2%, an operating margin of 12.0%, debt equal to 0.0% of equity and a current ratio of 7.70. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cal-maine Foods Inc: financial ratios, annual
Fiscal year	2010May 2010	2011May 2011	2012Jun 2012	2013Jun 2013	2014May 2014	2015May 2015	2016May 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020May 2020	2021May 2021	2022May 2022	2023Jun 2023	2024Jun 2024	2025May 2025	2026May 2026	LTMAug 2026
Gross margin	21.4%	19.6%	18.1%	16.7%	21.0%	25.1%	34.0%	4.2%	24.0%	16.4%	13.3%	11.9%	19.0%	38.0%	23.3%	43.4%	23.1%	14.3%
Operating margin	11.3%	8.9%	8.0%	4.6%	10.1%	14.9%	24.7%	−12.5%	6.7%	3.4%	0.1%	−1.9%	8.1%	30.8%	13.4%	36.1%	12.0%	0.7%
Net margin	7.5%	6.5%	8.1%	3.9%	7.6%	10.2%	16.6%	−6.9%	8.4%	4.0%	1.4%	0.2%	7.5%	24.1%	11.9%	28.6%	10.9%	2.3%
Free-cash-flow margin	10.5%	4.4%	6.4%	2.4%	4.5%	7.2%	16.4%	−10.5%	12.0%	3.5%	−3.7%	−5.1%	3.0%	23.1%	13.1%	25.0%	11.3%	−1.3%
Return on equity	18.0%	15.3%	20.0%	10.1%	19.6%	24.9%	39.0%	−8.5%	14.0%	5.6%	1.8%	0.2%	12.5%	55.8%	16.3%	56.0%	12.2%	2.3%
Return on assets	—	9.5%	13.1%	6.9%	14.0%	18.5%	31.0%	−6.9%	11.5%	4.7%	1.6%	0.2%	10.0%	44.8%	13.4%	46.3%	10.2%	1.9%
Asset turnover	—	1.47	1.63	1.75	1.85	1.81	1.87	1.00	1.38	1.18	1.14	1.11	1.34	1.86	1.12	1.62	0.94	0.83
Current ratio	—	3.30	3.14	3.19	3.68	5.01	7.50	6.74	5.45	7.58	5.60	5.77	3.58	6.16	5.45	6.38	7.70	7.70
Debt to equity	0.0%	21.0%	15.9%	12.6%	10.3%	7.2%	2.8%	1.3%	0.6%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	13.5x	12.2x	17.6x	13.3x	38.9x	101.5x	—	n/m	—	71.1x	2.5x	n/m	—	—	—	—	—	—
Effective tax rate	36.7%	36.4%	35.3%	32.8%	32.2%	34.2%	34.7%	—	−7.5%	22.2%	8.6%	—	20.2%	24.2%	23.2%	24.0%	22.6%	14.6%
SG&A as % of revenue	10.1%	10.8%	10.2%	9.9%	10.9%	10.2%	9.3%	16.4%	11.9%	13.0%	13.2%	13.6%	11.2%	7.4%	10.9%	7.4%	11.3%	13.5%
Capital spending as % of revenue	2.3%	2.2%	2.4%	2.0%	4.1%	5.2%	4.0%	6.2%	1.3%	5.0%	9.2%	7.0%	4.1%	4.3%	6.3%	3.8%	5.2%	5.2%
Free cash flow ÷ net income	141.4%	68.3%	79.4%	62.0%	59.3%	70.1%	98.8%	—	143.5%	86.8%	−275.0%	<−999%	40.6%	95.8%	109.5%	87.2%	103.7%	−55.8%
Dividends ÷ net income	28.1%	40.9%	22.2%	60.5%	22.5%	30.3%	38.3%	—	0.0%	76.9%	0.0%	80.2%	4.6%	33.3%	33.1%	27.1%	73.1%	200.0%
Dividends and buybacks ÷ free cash flow	19.9%	59.9%	28.0%	97.7%	37.9%	43.3%	38.7%	—	0.0%	88.6%	—	—	11.4%	34.7%	30.2%	31.1%	70.5%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Cal-maine Foods Inc: financial ratios, quarterly
Quarter	2025 Q2Nov 2024	2025 Q3Mar 2025	2025 Q4May 2025	2026 Q1Aug 2025	2026 Q2Nov 2025	2026 Q3Feb 2026	2026 Q4May 2026	2027 Q1Aug 2026
Gross margin	37.3%	50.5%	48.2%	33.7%	27.0%	17.9%	6.2%	0.1%
Operating margin	29.1%	44.8%	39.5%	27.0%	16.1%	5.4%	−10.6%	−15.2%
Net margin	22.9%	35.9%	31.0%	21.6%	13.4%	7.6%	−6.5%	−10.9%
Free-cash-flow margin	9.7%	36.8%	33.3%	25.3%	6.2%	10.8%	−4.5%	−23.7%
Current ratio	5.46	3.86	6.38	6.84	8.02	8.21	7.70	7.70
SG&A as % of revenue	8.1%	5.6%	8.6%	7.5%	10.8%	12.5%	16.9%	15.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · August 29, 2026

What it owns · $3.0bn

Short-term assets $1.5bnLonger-term assets $1.5bn

What it owes, and who funded it · $3.0bn

Short-term liabilities $191mLonger-term liabilities $242mShareholders' equity $2.6bn

Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $191m of liabilities due within a year.
Short-term assets cover long-term liabilities $1.5bn short-term assets against $242m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Cal-maine Foods Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

28 /100

Weak moat

How hard Cal-maine Foods's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 2 / 20

Cash operating profit has been a median 3.6% of total assets over 10 years.
Pricing power 0 / 20

Gross margin has been a median 19.8%, moving by 11.5 percentage points (standard deviation) across 10 years.
Durability 0 / 20

Operating margin has been a median 5.7%; its worst year was -9.9%.
Cash conversion 8 / 20

Free cash flow was positive in 5 of 10 years, at a median 5.3% of revenue.
Discipline 18 / 20

The diluted share count fell 2.9% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CALM vs MZTI CALM vs NOMD BGS vs CALM

More: Packaged Foods & Meats stocks compared, Consumer Staples sector, rankings of US companies

Figures from Cal-maine Foods Inc's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cal-maine Foods Inc.