Cal-Maine Foods Inc (CALM)
Operating profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,542,281 | 1,242,876 | 749,394 | 634,120 | 609,950 | 481,996 | 354,042 | 184,498 | 28,468 | 150,459 | 272,450 | 686,990 | 1,088,016 | 1,211,659 | 1,335,302 | 1,091,369 | 847,436 | 733,267 | 619,098 | 494,818 |
| Revenue (ttm) | US$ in thousands | 4,261,882 | 3,799,011 | 3,022,120 | 2,778,385 | 2,695,590 | 2,584,704 | 2,467,149 | 2,222,959 | 1,979,227 | 2,138,004 | 2,303,450 | 2,834,197 | 3,378,493 | 3,491,513 | 3,606,434 | 3,267,285 | 2,922,859 | 2,714,123 | 2,503,481 | 2,322,622 |
| Operating profit margin | 36.19% | 32.72% | 24.80% | 22.82% | 22.63% | 18.65% | 14.35% | 8.30% | 1.44% | 7.04% | 11.83% | 24.24% | 32.20% | 34.70% | 37.03% | 33.40% | 28.99% | 27.02% | 24.73% | 21.30% |
May 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,542,281K ÷ $4,261,882K
= 36.19%
The operating profit margin of Cal-Maine Foods Inc. exhibits significant fluctuations over the period analyzed, reflecting changes in operational efficiency and overall profitability. Starting from August 27, 2022, with a margin of 21.30%, the margin increased substantially, reaching a peak of 37.03% on February 28, 2023. This upward trajectory indicates an improvement in operational profitability, potentially driven by favorable market conditions, cost controls, or revenue enhancements during this period.
Following this peak, the margin experienced a decline, with notable reductions observed in the subsequent months, dropping to 11.83% by September 2, 2023, and further decreasing to 1.44% as of December 2, 2023. This sharp decline suggests a period of operational challenges, possibly due to increased input costs, market pressures, or reduced sales profitability.
However, the margin demonstrated signs of recovery afterward, increasing to 8.30% as of February 29, 2024, and continuing upward to 36.19% by May 31, 2025. Throughout the latest period, the margins generally trended upward, indicating a renewed improvement in operational performance and profitability, approaching levels observed before the significant declines.
Overall, the operating profit margin trend indicates periods of strong financial performance interspersed with significant downturns, reflecting the dynamic nature of the company's operational environment. The recent upward trend suggests an ongoing recovery phase that may be driven by strategic adjustments, market conditions, or operational efficiencies.