CalMaine Foods delivered a standout QQ1 2025 performance with revenue of $785.9 million, up 71.1% year-over-year and 22.6% quarter-over-quarter. The quarter produced a gross profit of $247.2 million and a gross margin of approximately 31.46%, translating into an operating income of $186.96 million and net income of $149.98 million (EPS $3.08, diluted $3.06). The period showcased meaningful margin expansion and robust cash generation, supported by favorable pricing dynamics and a constructive product mix within CalMaine’s diversified egg portfolio.
Key Performance Indicators
Revenue
Increasing
785.87M
QoQ: 22.64% | YoY: 71.09%
Gross Profit
Increasing
247.22M
31.46% margin
QoQ: 32.60% | YoY: 444.14%
Operating Income
Increasing
186.96M
QoQ: 31.49% | YoY: 2 666.86%
Net Income
Increasing
149.98M
QoQ: 32.44% | YoY: 16 096.11%
EPS
Increasing
3.08
QoQ: 32.76% | YoY: 15 300.00%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $785.871 million; YoY revenue growth: 71.09%; QoQ revenue growth: 22.64%
Gross Profit: $247.218 million; Gross Margin: 31.46%
Operating Income: $186.957 million; Operating Margin: 23.79%
Net Income: $149.976 million; Net Margin: 19.08%
EPS: $3.08 (GAAP); Diluted EPS: $3.06
EBITDA: $207.188 million; EBITDA Margin: 26.36%
Cash Flow: Operating cash flow $117.452 million; Free cash flow $81.679 million
Liquidity: Cash and cash equivalents $181.667 million; Total cash and short-term investments $753.59 million; Net cash position of -$181.667 million (net debt)
Balance Sheet: Total assets $2.390 billion; Total liabilities $0.491 billion; Total stockholders’ equity $1.903 billion; Current ratio 4.13; Quick ratio 3.23
Capital Allocation: Acquisitions net cash outflow $111.521 million; Purchases of investments $202.196 million; Proceeds from investments $209.673 million; Dividends paid $37.758 million; Share repurchases $34 thousand
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
785.87M
71.09%
22.64%
Gross Profit
247.22M
444.14%
32.60%
Operating Income
186.96M
2 666.86%
31.49%
Net Income
149.98M
16 096.11%
32.44%
EPS
3.08
15 300.00%
32.76%
Key Financial Ratios
Gross Profit Margin
Fair
31.50%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Good
23.80%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
19.10%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
6.28%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
7.88%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
4.13
Current ratio indicates excellent liquidity and financial flexibility
P/E Ratio
Value
5.86x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Fair Value
1.85x
Price-to-book ratio reasonable for profitable companies
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CalMaine Foods Inc (CALM) QQ1 2026 Results: Revenue Up 43.98% YoY to $922.6M; Robust Profitability and Strong Balance Sheet in a Seasonally Choppy Egg...