Pulling SEC filings + quote and writing the call…

CAL-MAINE FOODS INC
Next earnings Jul 20, 2026 (after close) · consensus $0.59 EPS, $655M rev
Last earnings +5.3% on 2026-04-01
Cyclical peak earnings at 3.2x P/E look cheap, but FY25 was a HPAI-driven windfall that mean-reverts — own it, don't chase.
Sources: SEC EDGAR (CIK 0000016160, latest 10-Q filed 2026-04-01) · EODHD · analysis by claude-code · as of 6/25/2026, 1:19:11 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.
Middling fundamentals offset by an attractive price (~1112% below fair value) — worth a look on the value angle.
Cal-Maine just printed a generational year: FY2025 revenue of $4.26B (+83% YoY) and net income of $1.22B (+339% YoY) on a net average shell egg price of $3.134 vs $1.932 prior — a 62% price lift the MD&A explicitly attributes to HPAI outbreaks decreasing supply during peak seasonal demand. The Urner Barry SE large index was up 118.3% YoY. This is not durable earnings power; it is a supply-shock windfall. The 3.2x P/E and 0.9x P/S optically scream cheap, but that's the textbook cyclical-peak trap — the right multiple on normalized earnings (closer to FY22's $133M or FY24's $278M) implies a much higher real P/E.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
Unlock with Pro€15/mo · cancel anytime
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.35B | $1.78B | $3.15B | $2.33B | $4.26B |
| Gross profit | $161M | $337M | $1.20B | $542M | $1.85B |
| Operating income | -$26.3M | $144M | $968M | $312M | $1.54B |
| Net income | $2.06M | $133M | $758M | $278M | $1.22B |
| Diluted EPS | $0.04 | $2.72 | $15.52 | $5.69 | $24.95 |
| Net margin | 0.2% | 7.5% | 24.1% | 11.9% | 28.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Executive officer transition disclosed alongside Reg FD update
Q3 FY26 quarterly report; details Q3 operating performance
Q3 FY26 quarterly report; details Q3 operating performance
Q3 FY26 quarterly report; details Q3 operating performance
Other-events disclosure (likely dividend or buyback update)
Q2 FY26 10-Q; continues to benefit from elevated egg prices
Q2 FY26 10-Q; continues to benefit from elevated egg prices
Annual meeting vote results — routine governance
Q1 FY26 10-Q filed; first quarter post-record year
1047 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
| 2026-06-23 | Highfield Michael J OUTSIDE DIRECTOR | Award | 1.30K | |
| 2026-06-23 | FISACKERLY HALEY Director | Award | 1.30K | |
| 2026-04-17 | Wooley Dudley D OUTSIDE DIRECTOR | Award | 1.28K | |
| 2026-01-13 | Hull Scott Daniel Vice President - Sales | Tax | 463.00 @ $72.44 | $33.5K |
| 2026-01-12 | Poole James E Director | Award | 1.31K | |
| 2026-01-12 | Sanders Steve W Director | Award | 1.31K | |
| 2026-01-12 | Young Camille S Director | Award | 1.31K | |
| 2026-01-12 | Boulden Melanie Director | Award | 1.31K | |
| 2026-01-12 | Hull Scott Daniel Vice President - Sales | Award | 784.00 |