Stocks · Consumer Defensive · Agricultural Farm Products
Cal-Maine Foods, Inc. CALM
$66.67 +1.26% Close, Oct 2, 2026 · NASDAQ · Market cap $3.13B
Expensive vs sector
Next earnings report: Jan 6, 2027
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.17, down 95.5% year over year.
- Operating margin narrowed to 0.7% from 36.3% a year earlier.
- Revenue over the last four quarters was $2.53B, down 42.5% from a year earlier, slowing from -31.7% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Consumer Defensive sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth2Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 2%
- EPS growth (TTM, YoY)Bottom 14%
- FCF growth (TTM, YoY)Bottom 6%
- Revenue growth, 3-year CAGRBottom 18%
- Revenue growth accelerationBottom 4%
Quality36Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 19%
- Gross marginBottom 16%
- Operating marginBottom 22%
- Cash conversion (OCF / net income)Bottom 49%
- Accruals (lower is better)Bottom 14%
- Net debt / EBITDA (lower is better)Top 9%
- Interest coverTop 9%
Value13Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 34%
- Free-cash-flow yieldBottom 12%
- EBITDA / enterprise valueBottom 26%
- Sales / enterprise valueTop 46%
- P/E vs own 5-year history (lower is better)Bottom 14%
Momentum32Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 36%
- 6-month returnBottom 36%
- 1-year return vs S&P 500Bottom 31%
- Distance from 52-week highBottom 43%
- Trend checklist (0–4)Bottom 22%
Revisions5Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 4%
- Consecutive EPS beatsBottom 15%
- Share of analysts rating BuyBottom 4%
- Upside to consensus price targetBottom 44%
Stability77Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 46%
- Maximum drawdown, 3 yearsTop 40%
- Beta vs S&P 500 (lower is better)Top 39%
- Net debt / EBITDA (lower is better)Top 9%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -31.7% | -42.5% | ↓ |
| EPS growth (YoY) | -73.7% | -95.5% | ↓ |
| Gross margin | 43.5% | 14.3% | ↓ |
| Operating margin | 36.3% | 0.7% | ↓ |
| FCF margin | 27.7% | -1.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -42.5% | -31.7% | ↓ | Bottom 2% |
| EPS growth (TTM, YoY) | -95.5% | -73.7% | ↓ | Bottom 14% |
| Gross margin | 14.3% | 43.5% | ↓ | Bottom 16% |
| Operating margin | 0.7% | 36.3% | ↓ | Bottom 22% |
| Net margin | 2.3% | 28.9% | ↓ | — |
| Free-cash-flow margin | -1.2% | 27.7% | ↓ | — |
| Return on invested capital | 0.5% | — | Bottom 19% | |
| Revenue growth, 3-year CAGR | -2.5% | — | Bottom 18% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +58.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.78×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 69.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 3.76%
- Net buyback yield (TTM)
- 4.35%
- Shareholder yield
- 8.11%
- Share count change, 1 year
- -3.6%
- Share count change, 3-year CAGR
- -1.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 29, 2026 (filed Sep 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 4 of 7
Analysts
- Consensus price target
- $81.00
- Target vs current price
- +21.5%
- Analysts with a rating
- 9
- Share rating Buy or Strong Buy
- 11%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 30, 2026 | -63.2% | -0.7% | — | — | — |
| Jul 22, 2026 | -1021.2% | +0.7% | +6.8% | -6.9% | — |
| Apr 1, 2026 | +52.3% | +5.3% | -2.6% | -5.2% | +1.4% |
| Jan 7, 2026 | +9.2% | -1.6% | -8.4% | +9.6% | -1.2% |
| Oct 1, 2025 | -17.8% | -1.2% | -1.3% | -6.3% | -12.0% |
| Jul 22, 2025 | +90.3% | -1.4% | -1.7% | +2.6% | -12.2% |
| Apr 8, 2025 | -1.7% | -3.3% | +5.7% | +3.7% | +10.1% |
| Jan 7, 2025 | +21.5% | -1.0% | +5.0% | +1.9% | -11.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 30, 2026 | -$1.26 | -$0.77 | -63.2% | $539.6M |
| Jul 22, 2026 | -$0.76 | $0.08 | -1021.2% | $552.6M |
| Apr 1, 2026 | $1.06 | $0.70 | +52.3% | $667.0M |
| Jan 7, 2026 | $2.13 | $1.95 | +9.2% | $769.5M |
| Oct 1, 2025 | $4.12 | $5.01 | -17.8% | $922.6M |
| Jul 22, 2025 | $7.04 | $3.70 | +90.3% | $1.10B |
| Apr 8, 2025 | $10.38 | $10.56 | -1.7% | $1.42B |
| Jan 7, 2025 | $4.47 | $3.68 | +21.5% | $954.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 57.0× | 7.2× | 85th | Bottom 34% |
| EV / EBITDA | 20.7× | — | — | Bottom 26% |
| EV / Sales | 1.19× | — | — | Top 46% |
| Free-cash-flow yield | -0.94% | — | — | Bottom 12% |
| Earnings yield | 1.75% | — | — | Bottom 34% |
P/E over the past five years
Range 2.9× – 495.2× since Aug 28, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -28.3%
- Earnings per share growth (TTM)
- -95.5%
- Change in P/E multiple
- +1529.4%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -6.2%
- 200-day average slope (20 days)
- -1.7%
- Distance from 50-day average
- -15.4%
- Distance from 200-day average
- -16.8%
- RSI (14)
- 27.2
- Relative volume
- 1.36×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 34.2%
- Volatility vs own 5-year history
- 64th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.32
- Correlation with S&P 500
- 0.16
- Current drawdown from 1-year high
- -29.5%
- Maximum drawdown, 3 years
- -44.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 23, 2025 | Oct 1, 2026 | -44.8% | 300 days | Not yet recovered |
| Dec 23, 2022 | Jul 12, 2023 | -32.3% | 135 days | 255 days (Jul 17, 2024) |
| Jan 30, 2025 | Mar 13, 2025 | -30.2% | 29 days | 90 days (Jul 23, 2025) |
| Apr 4, 2022 | Jun 9, 2022 | -24.6% | 46 days | 71 days (Sep 21, 2022) |
| Mar 10, 2021 | Aug 4, 2021 | -20.7% | 102 days | 139 days (Feb 22, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.13B
- P/E (TTM)
- 57.0
- EPS, diluted (TTM)
- $1.17
- Revenue (TTM)
- $2.53B
- Dividend yield
- 3.69%
- 52-week range
- $63.50 – $95.57
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $1.78B | $3.15B | $2.33B | $4.26B | $2.91B |
| Gross profit | $337.1M | $1.20B | $541.6M | $1.85B | $672.0M |
| Operating income | $143.5M | $967.7M | $312.5M | $1.54B | $342.8M |
| Net income | $132.7M | $758.0M | $277.9M | $1.22B | $316.7M |
| EPS (diluted) | $2.72 | $15.52 | $5.69 | $24.95 | $6.63 |
| Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $954.7M | $1.42B | $1.10B | $922.6M | $769.5M | $667.0M | $552.6M | $539.6M |
| Net income | $219.1M | $508.5M | $342.5M | $199.3M | $102.8M | $50.5M | -$35.9M | -$58.6M |
| EPS (diluted) | $4.47 | $10.38 | $7.04 | $4.12 | $2.13 | $1.06 | -$0.76 | -$1.26 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $126.2M | $863.0M | $451.4M | $1.23B | $483.0M |
| Capital expenditure | -$72.4M | -$136.6M | -$147.1M | -$161.3M | -$151.2M |
| Free cash flow | $53.8M | $726.4M | $304.3M | $1.07B | $331.8M |
| Dividends paid | -$6.1M | -$252.3M | -$91.9M | -$330.3M | -$231.6M |
| Net share buybacks | -$1.1M | -$1.6M | -$1.7M | -$54.0M | -$131.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $767.6M
- Total assets
- $3.01B
- Total liabilities
- $433.4M
- Total debt
- $0
- Net debt
- -$113.5M
- Shareholders’ equity
- $2.57B
As of Aug 29, 2026 (filed Sep 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Apr 29, 2026 | $0.36 | May 14, 2026 |
| Jan 28, 2026 | $0.72 | Feb 12, 2026 |
| Oct 29, 2025 | $1.38 | Nov 13, 2025 |
| Aug 4, 2025 | $2.35 | Aug 19, 2025 |
| Apr 30, 2025 | $3.50 | May 15, 2025 |
| Jan 29, 2025 | $1.49 | Feb 13, 2025 |
| Oct 30, 2024 | $1.02 | Nov 14, 2024 |
| Aug 5, 2024 | $0.77 | Aug 20, 2024 |
Short interest
- Shares sold short
- 4,962,860
- Days to cover
- 5.99
- Change vs previous report
- +4.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Nov 3, 2014
- 2-for-1
- Apr 26, 2004
- 2-for-1