| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 82 | 11.2x | 17.8x | Top tier | |
Growth | 6 | -31.7% | 7.1% | Bottom tier | |
Quality | 55 | 9.9% | 4.5% | Around median | |
Safety | 91 | — | 2.6x | Top tier | |
Capital Return | 84 | 6.46% | 2.12% | Top tier | |
Momentum | 17 | -24.0% | 2.9% | Bottom tier | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States, according to management's description, and operates through a vertically integrated model encompassing production, grading, packaging, marketing, and distribution. Since Q4 fiscal 2026, the company has reported its business in three segments: conventional shell eggs, specialty shell eggs, and prepared foods; its portfolio includes the Sunups, Sunny Meadow, Farmhouse Eggs, 4Grain, Eggland's Best, Land O'Lakes, Van's, and Crepini brands. The company generates prepared foods revenue from products such as egg patties, omelets, hard-boiled and scrambled eggs, pancakes, waffles, and specialty wraps.
In fiscal 2026, revenue was $2.912 billion, down 31.7%, and gross profit was $672 million, with a gross margin of 23.1%. The company recorded operating income of $350.2 million, with a 12% margin, net income of $316.7 million, and diluted EPS of $6.63. The conventional egg segment generated $1.348 billion in revenue and operating profit of $216.6 million, compared with $1.070 billion and $181.5 million for specialty eggs, and $244.8 million and $33.9 million for prepared foods.
In Q4 fiscal 2026, revenue fell 49.9% to $552.6 million, and gross profit contracted to $34.1 million, with a 6.2% margin. The operating loss was $58.8 million, with a negative 10.6% margin, while the net loss was $35.9 million and diluted loss per share was $0.76. Specialty eggs and prepared foods together represented 53% of sales, but conventional eggs recorded an operating loss of $40.6 million and a negative 19.3% margin due to excess supply and historically low prices after adjusting for inflation.
Automated analysis for informational purposes only — not investment advice.
Analyst consensus on CALM is "Neutral," and the average, highest, and lowest targets are all $100, indicating no reported dispersion among estimates. This target is approximately 14% below the 52-week range high of $116.58 and approximately 39% above its low of $71.92; the wide range reflects earnings volatility between the elevated egg price cycle and the Q4 fiscal 2026 loss. No P/E ratio is available in the data, so the valuation framework here relies on the neutral target, the 52-week range, and improving diversification versus the results' continued sensitivity to egg prices.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Conventional egg prices fell to levels management described as the lowest in history after adjusting for inflation because of abundant supply, not a collapse in demand. Quarterly revenue declined 49.9% to $552.6 million, while gross margin contracted to 6.2%. The conventional egg segment recorded an operating loss of $40.6 million, bringing the consolidated operating loss to $58.8 million and the net loss to $35.9 million.
Conventional eggs generated revenue of $1.348 billion in fiscal 2026, approximately 46% of total revenue of $2.912 billion. Specialty eggs generated $1.070 billion, while prepared foods recorded $244.8 million. In Q4 fiscal 2026, the combined contribution of specialty eggs and prepared foods rose to 53% of sales, indicating diversification progress while eggs remain central to the business.
The company announced a $54 million investment to add approximately 30% to Prepared Foods capacity beginning in the first half of fiscal 2028. Including a previous 30% organic expansion and 6% of capacity associated with the Van's acquisition, management expects capacity growth exceeding 60% between the end of fiscal 2026 and the first half of fiscal 2028. The announced additions include approximately 12 million pounds of pancake capacity, 17 million pounds of scrambled egg capacity, and 18 million pounds of Crepini product capacity, while management estimated the addressable market at between $9 billion and $10 billion.
Cal-Maine ended Q4 fiscal 2026 with $924.1 million in cash and temporary cash investments and virtually no debt. Capital expenditure in fiscal 2026 was approximately $151 million, while management estimated maintenance capital expenditure at between $50 million and $60 million. It also spent $30.1 million to repurchase 396,083 shares during the quarter, with $320.7 million remaining available under the repurchase program.
The company did not declare a cash dividend for Q4 fiscal 2026 because of its variable dividend policy tied to cumulative earnings. As of May 30, 2026, a cumulative loss of $35.9 million had to be offset before a new dividend could be paid. Under the policy described on the July 22, 2026 call, no dividend will be paid for any subsequent profitable quarter until the cumulative account since the last quarter for which a dividend was paid returns to profitability.
According to management's July 22, 2026 presentation, the American Egg Board and Urner Barry indicated slowing breeder activity, increased chick order cancellations, weak hatchery demand, and accelerated flock rotation. Conversely, the American Egg Board estimated the U.S. laying hen population at between 340 million and 347 million hens, which continued to indicate abundant supply. Management stated that market prices had risen by more than 90% within a few weeks after averaging $0.72 in the first five weeks of Q1 fiscal 2027, but it did not characterize those conditions as a full return to mid-cycle.
