Cal-Maine Foods Inc (CALM) - Net Assets
Based on the latest financial reports, Cal-Maine Foods Inc (CALM) has net assets worth $2.64 Billion USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.11 Billion) and total liabilities ($467.04 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Cal-Maine Foods Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.64 Billion |
| % of Total Assets | 84.97% |
| Annual Growth Rate | 14.3% |
| 5-Year Change | 139.1% |
| 10-Year Change | 212.68% |
| Growth Volatility | 27.2 |
Cal-Maine Foods Inc - Net Assets Trend (1996–2026)
This chart illustrates how Cal-Maine Foods Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Cal-Maine Foods Inc.
Annual Net Assets for Cal-Maine Foods Inc (1996–2026)
The table below shows the annual net assets of Cal-Maine Foods Inc from 1996 to 2026. Also explore Cal-Maine Foods Inc equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $2.64 Billion | +2.90% |
| 2025-05-31 | $2.57 Billion | +42.79% |
| 2024-05-31 | $1.80 Billion | +11.65% |
| 2023-05-31 | $1.61 Billion | +45.75% |
| 2022-05-31 | $1.10 Billion | +9.04% |
| 2021-05-31 | $1.01 Billion | +0.31% |
| 2020-05-31 | $1.01 Billion | +2.01% |
| 2019-05-31 | $989.81 Million | +3.57% |
| 2018-05-31 | $955.68 Million | +13.17% |
| 2017-05-31 | $844.49 Million | -7.94% |
| 2016-05-31 | $917.36 Million | +30.20% |
| 2015-05-31 | $704.56 Million | +18.46% |
| 2014-05-31 | $594.75 Million | +14.81% |
| 2013-05-31 | $518.04 Million | +8.08% |
| 2012-05-31 | $479.33 Million | +14.43% |
| 2011-05-31 | $418.88 Million | +11.12% |
| 2010-05-31 | $376.96 Million | +13.20% |
| 2009-05-31 | $333.01 Million | +20.06% |
| 2008-05-31 | $277.37 Million | +75.96% |
| 2007-05-31 | $157.63 Million | +30.61% |
| 2006-05-31 | $120.69 Million | -0.95% |
| 2005-05-31 | $121.86 Million | -13.06% |
| 2004-05-31 | $140.16 Million | +112.10% |
| 2003-05-31 | $66.08 Million | +21.35% |
| 2002-05-31 | $54.46 Million | -17.73% |
| 2001-05-31 | $66.20 Million | +7.89% |
| 2000-05-31 | $61.35 Million | -23.88% |
| 1999-05-31 | $80.60 Million | +1.38% |
| 1998-05-31 | $79.50 Million | +6.57% |
| 1997-05-31 | $74.60 Million | +55.74% |
| 1996-05-31 | $47.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cal-Maine Foods Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5770.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.77 Billion | 105.03% |
| Common Stock | $751.00K | 0.03% |
| Other Comprehensive Income | $-1.47 Million | -0.06% |
| Total Equity | $2.63 Billion | 100.00% |
Cal-Maine Foods Inc Competitors by Market Cap
The table below lists competitors of Cal-Maine Foods Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABCELLERA BIOLOGICS
F:8QQ
|
$3.15 Billion |
|
HSBC Holdings PLC
LSE:HSBA
|
$3.15 Billion |
|
China Communications Construction Company Limited
F:CYY
|
$3.15 Billion |
|
Minmetals Capital Co Ltd
SHG:600390
|
$3.15 Billion |
|
Huaneng Power International Inc
F:HUP1
|
$3.15 Billion |
|
SF Diamond
SHE:300179
|
$3.15 Billion |
|
Nelnet Inc
NYSE:NNI
|
$3.15 Billion |
|
The New India Assurance Company Limited
NSE:NIACL
|
$3.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cal-Maine Foods Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 2,560,624,000 to 2,632,732,000, a change of 72,108,000 (2.8%).
- Net income of 316,682,000 contributed positively to equity growth.
- Dividend payments of 231,622,000 reduced retained earnings.
- Share repurchases of 131,124,000 reduced equity.
- Other comprehensive income decreased equity by 459,000.
- Other factors increased equity by 118,631,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $316.68 Million | +12.03% |
| Dividends Paid | $231.62 Million | -8.8% |
| Share Repurchases | $131.12 Million | -4.98% |
| Other Comprehensive Income | $-459.00K | -0.02% |
| Other Changes | $118.63 Million | +4.51% |
| Total Change | $- | 2.82% |
Book Value vs Market Value Analysis
This analysis compares Cal-Maine Foods Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 130.59x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-05-31 | $0.52 | $67.43 | x |
| 1997-05-31 | $0.85 | $67.43 | x |
| 1998-05-31 | $1.51 | $67.43 | x |
| 1999-05-31 | $1.61 | $67.43 | x |
| 2000-05-31 | $1.26 | $67.43 | x |
| 2001-05-31 | $1.37 | $67.43 | x |
| 2002-05-31 | $1.16 | $67.43 | x |
| 2003-05-31 | $1.39 | $67.43 | x |
| 2004-05-31 | $2.88 | $67.43 | x |
| 2005-05-31 | $2.56 | $67.43 | x |
| 2006-05-31 | $2.55 | $67.43 | x |
| 2007-05-31 | $3.30 | $67.43 | x |
| 2008-05-31 | $5.81 | $67.43 | x |
| 2009-05-31 | $6.97 | $67.43 | x |
| 2010-05-31 | $7.91 | $67.43 | x |
| 2011-05-31 | $8.75 | $67.43 | x |
| 2012-05-31 | $10.01 | $67.43 | x |
| 2013-05-31 | $10.77 | $67.43 | x |
| 2014-05-31 | $12.30 | $67.43 | x |
| 2015-05-31 | $14.53 | $67.43 | x |
| 2016-05-31 | $18.92 | $67.43 | x |
| 2017-05-31 | $17.42 | $67.43 | x |
| 2018-05-31 | $19.67 | $67.43 | x |
| 2019-05-31 | $20.37 | $67.43 | x |
| 2020-05-31 | $20.83 | $67.43 | x |
| 2021-05-31 | $20.82 | $67.43 | x |
| 2022-05-31 | $22.66 | $67.43 | x |
| 2023-05-31 | $32.99 | $67.43 | x |
| 2024-05-31 | $36.83 | $67.43 | x |
| 2025-05-31 | $52.37 | $67.43 | x |
| 2026-05-31 | $55.10 | $67.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cal-Maine Foods Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.88%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.18x
- Recent ROE (12.03%) is below the historical average (14.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 22.76% | 3.85% | 1.89x | 3.13x | $6.11 Million |
| 1997 | 19.84% | 5.06% | 1.60x | 2.44x | $7.34 Million |
| 1998 | 6.79% | 1.75% | 1.52x | 2.56x | $-2.55 Million |
| 1999 | 6.33% | 1.77% | 1.35x | 2.65x | $-2.96 Million |
| 2000 | -28.33% | -6.05% | 1.24x | 3.78x | $-23.51 Million |
| 2001 | 10.31% | 1.90% | 1.53x | 3.55x | $204.40K |
| 2002 | -19.42% | -3.24% | 1.42x | 4.22x | $-16.02 Million |
| 2003 | 18.48% | 3.15% | 1.65x | 3.56x | $5.60 Million |
| 2004 | 47.40% | 11.61% | 1.90x | 2.15x | $52.43 Million |
| 2005 | -8.50% | -2.76% | 1.39x | 2.21x | $-22.54 Million |
| 2006 | -0.85% | -0.21% | 1.51x | 2.65x | $-12.99 Million |
| 2007 | 23.54% | 6.13% | 1.64x | 2.34x | $21.08 Million |
| 2008 | 55.09% | 16.58% | 1.83x | 1.82x | $124.29 Million |
| 2009 | 23.94% | 8.56% | 1.59x | 1.76x | $46.29 Million |
| 2010 | 17.95% | 7.45% | 1.44x | 1.67x | $30.03 Million |
| 2011 | 14.52% | 6.46% | 1.47x | 1.53x | $18.95 Million |
| 2012 | 18.73% | 8.06% | 1.53x | 1.52x | $41.82 Million |
| 2013 | 9.74% | 3.91% | 1.73x | 1.44x | $-1.35 Million |
| 2014 | 18.39% | 7.58% | 1.78x | 1.37x | $49.82 Million |
| 2015 | 22.92% | 10.23% | 1.70x | 1.32x | $90.90 Million |
| 2016 | 34.53% | 16.56% | 1.72x | 1.21x | $224.51 Million |
| 2017 | -8.81% | -6.91% | 1.04x | 1.23x | $-158.55 Million |
| 2018 | 13.21% | 8.38% | 1.31x | 1.21x | $30.60 Million |
| 2019 | 5.48% | 3.98% | 1.18x | 1.17x | $-44.75 Million |
| 2020 | 1.82% | 1.36% | 1.11x | 1.20x | $-82.58 Million |
| 2021 | 0.20% | 0.15% | 1.09x | 1.23x | $-99.22 Million |
| 2022 | 12.01% | 7.46% | 1.24x | 1.30x | $22.19 Million |
| 2023 | 47.05% | 24.09% | 1.60x | 1.22x | $596.92 Million |
| 2024 | 15.44% | 11.94% | 1.06x | 1.22x | $97.87 Million |
| 2025 | 47.65% | 28.63% | 1.37x | 1.21x | $963.99 Million |
| 2026 | 12.03% | 10.88% | 0.94x | 1.18x | $53.41 Million |
Industry Comparison
This section compares Cal-Maine Foods Inc's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,729,418,899
- Average return on equity (ROE) among peers: -7.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cal-Maine Foods Inc (CALM) | $2.64 Billion | 22.76% | 0.18x | $3.15 Billion |
| African Agriculture Holdings Inc. (AAGR) | $-22.58 Million | 0.00% | 0.00x | $4.92 |
| Archer-Daniels-Midland Company (ADM) | $11.25 Billion | 19.21% | 1.23x | $33.40 Billion |
| Forafric Global PLC Ordinary Shares (AFRI) | $47.65 Million | -16.75% | 5.29x | $295.79 Million |
| Adecoagro SA (AGRO) | $616.87 Million | 4.73% | 0.53x | $1.36 Billion |
| Agroz Inc. Ordinary Shares (AGRZ) | $13.73 Million | 25.57% | 2.72x | $4.12 Million |
| Alico Inc (ALCO) | $57.00 Million | 8.60% | 0.50x | $299.15 Million |
| AquaBounty Technologies Inc (AQB) | $4.40 Million | -109.88% | 0.86x | $4.84 Million |
| Bunge Limited (BG) | $1.68 Billion | 0.71% | 2.48x | $21.09 Billion |
| Del Monte Corporation (DMC) | $1.91 Billion | -0.60% | 0.66x | $1.45 Billion |
About Cal-Maine Foods Inc
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-ra… Read more