Cal-Maine Foods Inc (CALM)
Pretax margin
| May 31, 2025 | Jun 1, 2024 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,603,140 | 361,577 | 359,971 | 999,842 | 998,550 |
| Revenue | US$ in thousands | 4,261,880 | 2,325,870 | 2,326,440 | 3,145,760 | 3,146,220 |
| Pretax margin | 37.62% | 15.55% | 15.47% | 31.78% | 31.74% |
May 31, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $1,603,140K ÷ $4,261,880K
= 37.62%
The pretax margin of Cal-Maine Foods Inc. exhibits notable variability across the analyzed periods. As of May 31, 2023, the pretax margin was approximately 31.74%, which slightly increased to 31.78% by June 3, 2023. This indicates a stable and healthy profit relative to revenues during this timeframe. However, by May 31, 2024, the pretax margin experienced a significant decline to 15.47%, with a marginal increase to 15.55% on June 1, 2024. This decline suggests a substantial reduction in profitability before taxes, potentially attributable to increased costs, lower revenues, or changes in operational efficiency during that period. Interestingly, by May 31, 2025, the pretax margin markedly rebounded to 37.62%, surpassing even the earliest figures and implying a strong turnaround in earnings before taxes. Overall, the data indicates periods of substantial fluctuation in pretax profitability, with a notable dip followed by a significant recovery within the span of two years.