YouTube · Q3 FY2026 · 2026-08-03
CALM · NasdaqGS
Cal-Maine Foods, Inc.
Farm Products · United States
USD 66.56-2.9% daily changeQuote 2026-09-30 · USD
- Market cap (USD)
- US$3.11B
- Trailing P/E
- 10.04x
- Forward P/E
- 30.05x
- Quarterly revenue growth
- -49.9%
- Trailing net margin
- 10.9%
- Indicated dividend yield
- 7.2%
Snapshot 2026-09-30 · Latest financial period 2026-05-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
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 in the United Sates. It operates through Conventional Shell Eggs, Specialty Shell Eggs, and Prepared Foods segments. The company offers specialty shell eggs, including cage-free, organic, brown, free-range, and pasture-raised and nutritionally enhanced eggs, as well as conventional and co-pack shell eggs. It also provides prepared food products, such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps. The company offers its products under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, 4Grain, Van's, MeadowCreek Foods, and Crepini brand names. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers. Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Ridgeland, Mississippi.
Company websiteQ1 FY2027
Go beyond the headline.
CALM Stock: Better Egg Mix, Weaker Profits — Q1 FY2027
Published 2026-09-30
Q1 FY2027 REPORT HIGHLIGHTS
What’s changed for CALM
Cal-Maine’s specialty and prepared-food share rose to 54.1%, but every reportable segment earned less; cash, normalized profits and the dividend recovery hurdle decide the value.
Mix rose while profits fell.
Specialty and Prepared Foods reached 54.1% of external sales versus 37.1%; both segments produced lower revenue and lower income.
Conventional pricing drove the loss.
Average selling price fell 59.3%, while volume fell only 0.7%; Conventional lost $71.0 million.
Liquidity bought time, not a dividend.
Cash and available-for-sale securities were $767.6 million, down $156.5 million from year-end; the cumulative dividend recovery hurdle is $94.5 million.
Capacity is still ahead of contribution.
Prepared Foods volume fell 19.3% during expansion and optimization; the greater-than-60% capacity plan targets first-half FY2028, not a promised sales growth rate.
Price already assumes recovery.
The $68.55 reference is the September 29 close, before this print; our $58 base value depends on normalized profits rather than today’s losses.
Comparable businesses
CALM peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CALMCal-Maine Foods, Inc.Snapshot 2026-09-30Financial period: 2026-05-30 | TSNTyson Foods, Inc.Snapshot 2026-09-29Financial period: 2026-06-27 | BGBunge Global SASnapshot 2026-09-29Financial period: 2026-06-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$3.11B | US$17.91B | US$20.70B |
| Forward P/EProvider forward earnings estimate | 30.05x | 12.33x | 9.57x |
| EV / EBITDAEnterprise value / trailing EBITDA | 4.92x | 9.13x | 12.37x |
| Revenue growthLatest quarter vs prior-year quarter | -49.9% | -0.1% | 88.3% |
| Operating marginLatest reported quarter | -11.0% | 2.7% | 4.6% |
| Free cash flow yieldTrailing cash flow / market cap | 0.3% | 6.7% | -31.3% |
| Net debt / EBITDANet debt / trailing EBITDA | -1.98x | 2.62x | 5.21x |
| Debt / equityTotal debt / positive book equity | — | 0.44x | 0.98x |
| Trailing P/ETrailing twelve-month earnings | 10.04x | 31.43x | 23.22x |
| Price / bookPrice / positive book equity per share | 1.19x | 0.99x | 1.30x |
| EV / salesEnterprise value / trailing revenue | 0.79x | 0.45x | 0.42x |
| Earnings growthLatest quarter vs prior-year quarter | — | 204.1% | 33.0% |
| Gross marginTrailing twelve months | 23.1% | 6.6% | 4.9% |
| Net marginTrailing twelve months | 10.9% | 1.0% | 1.1% |
| Return on equityProvider trailing return; positive equity only | 12.2% | 3.3% | 7.2% |
| Free cash flow marginTrailing free cash flow / revenue | 0.3% | 2.1% | -7.1% |
| Dividend yieldIndicated annual dividend / price | 7.2% | 4.0% | 2.7% |
| Earnings payoutProvider trailing dividend payout | 72.4% | 125.3% | 60.8% |
| Current ratioCurrent assets / current liabilities | 7.70x | 1.43x | 1.57x |
| BetaProvider historical market sensitivity | 0.21 | 0.37 | 0.66 |
YouTube · Q3 FY2026 · 2026-08-03
YouTube · Q1 2026 · 2026-04-29
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-30. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CALM
Q1 FY20272026-09-30
FREE RESEARCH PACKET · Q1 FY2027
CALM: A Better Sales Mix Has Not Built an Earnings Floor
Cal-Maine’s specialty and prepared-food share rose to 54.1%, but every reportable segment earned less; cash, normalized profits and the dividend recovery hurdle decide the value.
Research published September 30, 2026 · Download original report
Read Research PacketCALM Stock: Better Egg Mix, Weaker Profits — Q1 FY2027
Presentation · 2026-09-30 · YouTube