Cal-Maine Foods, Inc. (CALM) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Agricultural Farm Products
EV/EBITDA
↓
1.96
↓-86% vs avg
5yr avg: 14.36
30Y Low2.0·High52.9
P/FCF
↓
3.47
↓-77% vs avg
5yr avg: 15.18
30Y Low3.2·High43.2
P/B Ratio
↑
1.48
↓-15% vs avg
5yr avg: 1.75
30Y Low0.7·High3.9
ROE
↑
55.9%
↓+99% vs avg
5yr avg: 28.2%
30Y Low-24%·High70%
Debt/EBITDA
↓
N/A
—
5yr avg: 0.04
30Y Low0.0·High20.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CALM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cal-Maine Foods, Inc. trades at 3.1x earnings, 98% below its 5-year average of 172.1x, sitting at the 4th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 83%. On a free-cash-flow basis, the stock trades at 3.5x P/FCF, 77% below the 5-year average of 15.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.7B | $3.0B | $2.3B | $2.3B | $1.7B | $2.2B | $1.8B | $2.3B | $1.8B | $2.2B |
| Enterprise Value | $3.2B | $4.2B | $2.8B | $2.0B | $2.3B | $1.6B | $2.1B | $1.7B | $2.3B | $1.8B | $2.1B |
| P/E Ratio → | 3.12 | 3.84 | 10.84 | 3.06 | 17.55 | 825.30 | 117.26 | 33.05 | 18.48 | — | 6.81 |
| P/S Ratio | 0.87 | 1.10 | 1.30 | 0.74 | 1.31 | 1.26 | 1.60 | 1.32 | 1.55 | 1.67 | 1.13 |
| P/B Ratio | 1.48 | 1.83 | 1.68 | 1.44 | 2.11 | 1.68 | 2.14 | 1.82 | 2.44 | 2.13 | 2.35 |
| P/FCF | 3.47 | 4.39 | 9.91 | 3.20 | 43.23 | — | — | 38.19 | 12.89 | — | 7.04 |
| P/OCF | 3.01 | 3.82 | 6.68 | 2.69 | 18.43 | 64.99 | 29.34 | 15.63 | 11.62 | — | 5.64 |
P/E links to full P/E history page with 30-year chart
CALM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cal-Maine Foods, Inc.'s enterprise value stands at 2.0x EBITDA, 86% below its 5-year average of 14.4x. The Consumer Defensive sector median is 11.0x, placing the stock at a 82% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.98 | 1.19 | 0.64 | 1.28 | 1.22 | 1.54 | 1.27 | 1.52 | 1.67 | 1.13 |
| EV / EBITDA | 1.96 | 2.57 | 7.07 | 1.95 | 10.70 | 49.49 | 35.12 | 17.24 | 14.80 | — | 4.16 |
| EV / EBIT | 2.08 | 2.61 | 7.70 | 2.03 | 13.63 | — | 101.42 | 24.24 | 19.44 | — | 4.40 |
| EV / FCF | — | 3.92 | 9.12 | 2.79 | 42.16 | — | — | 36.77 | 12.65 | — | 7.03 |
CALM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cal-Maine Foods, Inc. earns an operating margin of 36.1%, significantly above the Consumer Defensive sector average of 3.5%. Operating margins have expanded from 30.8% to 36.1% over the past 3 years, signaling improving operational efficiency. Return on equity of 55.9% is exceptionally high — well above the sector median of 6.5%. ROIC of 63.6% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.4% | 43.4% | 23.3% | 38.0% | 19.0% | 11.9% | 13.3% | 16.4% | 24.0% | 4.2% | 34.0% |
| Operating Margin | 36.1% | 36.1% | 13.4% | 30.8% | 8.1% | -1.9% | 0.1% | 3.4% | 6.7% | -12.5% | 24.7% |
| Net Profit Margin | 28.6% | 28.6% | 11.9% | 24.1% | 7.5% | 0.2% | 1.4% | 4.0% | 8.4% | -6.9% | 16.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 55.9% | 55.9% | 16.3% | 55.9% | 12.5% | 0.2% | 1.8% | 5.6% | 14.0% | -8.4% | 39.0% |
| ROA | 46.0% | 46.0% | 13.4% | 44.6% | 9.9% | 0.2% | 1.6% | 4.7% | 11.5% | -6.9% | 31.0% |
| ROIC | 63.6% | 63.6% | 16.3% | 61.4% | 10.7% | -2.1% | 0.1% | 3.7% | 8.6% | -11.5% | 42.6% |
| ROCE | 64.5% | 64.5% | 16.7% | 63.8% | 11.9% | -2.3% | 0.1% | 4.3% | 10.0% | -13.4% | 50.9% |
CALM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $500M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 2510.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.03 |
| Debt / EBITDA | — | — | — | — | 0.01 | 0.07 | 0.06 | 0.02 | 0.04 | — | 0.05 |
| Net Debt / Equity | — | -0.20 | -0.13 | -0.18 | -0.05 | -0.05 | -0.07 | -0.07 | -0.04 | -0.01 | -0.00 |
| Net Debt / EBITDA | -0.31 | -0.31 | -0.61 | -0.28 | -0.27 | -1.66 | -1.26 | -0.67 | -0.27 | — | -0.01 |
| Debt / FCF | — | -0.47 | -0.78 | -0.40 | -1.07 | — | — | -1.42 | -0.23 | — | -0.01 |
| Interest Coverage | 2510.68 | 2510.68 | 569.13 | 1659.91 | 356.17 | -123.31 | 2.55 | 71.09 | 379.27 | -421.84 | 408.20 |
Net cash position: cash ($500M) exceeds total debt ($0)
CALM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cal-Maine Foods, Inc.'s current ratio of 6.38x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 5.42x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 6.16x to 6.38x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.38 | 6.38 | 5.45 | 6.16 | 3.58 | 5.77 | 5.60 | 7.58 | 5.45 | 6.74 | 7.50 |
| Quick Ratio | 5.42 | 5.42 | 4.30 | 4.60 | 2.16 | 3.35 | 3.60 | 5.28 | 3.88 | 4.26 | 5.65 |
| Cash Ratio | 4.52 | 4.52 | 3.57 | 3.55 | 0.94 | 1.88 | 2.49 | 4.26 | 3.07 | 2.41 | 4.67 |
| Asset Turnover | — | 1.37 | 1.06 | 1.60 | 1.24 | 1.09 | 1.11 | 1.18 | 1.31 | 1.04 | 1.72 |
| Inventory Turnover | 8.15 | 8.15 | 6.82 | 6.86 | 5.47 | 5.44 | 6.26 | 6.61 | 6.77 | 6.40 | 8.14 |
| Days Sales Outstanding | — | 23.33 | 25.49 | 21.72 | 45.06 | 34.27 | 26.57 | 19.24 | 20.85 | 39.81 | 15.16 |
CALM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cal-Maine Foods, Inc. returns 10.1% to shareholders annually — split between a 8.7% dividend yield and 1.5% buyback yield. The payout ratio of 27.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 32.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.7% | 7.0% | 3.0% | 10.9% | 0.3% | 0.1% | — | 2.3% | — | — | 5.6% |
| Payout Ratio | 27.1% | 27.1% | 33.1% | 33.3% | 4.6% | 80.2% | — | 76.9% | — | — | 38.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 32.1% | 26.0% | 9.2% | 32.6% | 5.7% | 0.1% | 0.9% | 3.0% | 5.4% | — | 14.7% |
| FCF Yield | 28.8% | 22.8% | 10.1% | 31.3% | 2.3% | — | — | 2.6% | 7.8% | — | 14.2% |
| Buyback Yield | 1.5% | 1.2% | 0.1% | 0.1% | 0.0% | 0.1% | 0.0% | 0.1% | 0.0% | 0.1% | 0.1% |
| Total Shareholder Yield | 10.1% | 8.2% | 3.1% | 10.9% | 0.3% | 0.1% | 0.0% | 2.4% | 0.0% | 0.1% | 5.7% |
| Shares Outstanding | — | $49M | $49M | $49M | $49M | $49M | $48M | $49M | $48M | $48M | $48M |
Peer Comparison
Compare CALM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CALMYou | $4B | 3.1 | 2.0 | 3.5 | 43.4% | 36.1% | 55.9% | 63.6% | — |
 VITL | $446M | 7.2 | 4.4 | — | 37.6% | 11.6% | 21.4% | 26.9% | 0.5 |
 LMNR | $237M | -14.1 | — | — | -0.3% | -15.1% | -8.1% | -7.1% | — |
 TSN | $20B | 40.8 | 9.8 | 16.8 | 6.5% | 2.6% | 2.6% | 4.1% | 3.2 |
 HRL | $13B | 27.8 | 15.8 | 24.9 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 PPC | $7B | 6.0 | 4.5 | 9.8 | 12.7% | 8.7% | 27.2% | 20.0% | 1.6 |
 NOMD | $1B | 9.6 | 7.4 | 4.9 | 27.1% | 10.7% | 5.3% | 5.5% | 5.3 |
 INGR | $6B | 8.8 | 5.5 | 12.1 | 25.3% | 14.4% | 17.7% | 15.5% | 1.4 |
 BG | $22B | 22.9 | 21.4 | — | 4.5% | 1.5% | 5.8% | 3.3% | 9.6 |
 ADM | $36B | 33.7 | 16.7 | 8.6 | 6.3% | 1.8% | 4.7% | 3.3% | 3.2 |
 MOS | $7B | 13.5 | 5.5 | — | 15.1% | 8.7% | 4.5% | 4.8% | 2.4 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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CALM — Frequently Asked Questions
Quick answers to the most common questions about buying CALM stock.
What is Cal-Maine Foods, Inc.'s P/E ratio?
Cal-Maine Foods, Inc.'s current P/E ratio is 3.1x. The historical average is 17.3x. This places it at the 4th percentile of its historical range.
What is Cal-Maine Foods, Inc.'s EV/EBITDA?
Cal-Maine Foods, Inc.'s current EV/EBITDA is 2.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is Cal-Maine Foods, Inc.'s ROE?
Cal-Maine Foods, Inc.'s return on equity (ROE) is 55.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 17.6%.
Is CALM stock overvalued?
Based on historical data, Cal-Maine Foods, Inc. is trading at a P/E of 3.1x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cal-Maine Foods, Inc.'s dividend yield?
Cal-Maine Foods, Inc.'s current dividend yield is 8.69% with a payout ratio of 27.1%.
What are Cal-Maine Foods, Inc.'s profit margins?
Cal-Maine Foods, Inc. has 43.4% gross margin and 36.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.