Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Cal-Maine Foods Inc.CALM · consumer nondurables | |
|---|---|
| Grade |  Bsecond fifth of 124 graded peers; percentile 32.5, sampling error 3.8 points; lower is stronger |
| Rank | 41 of 124 |
| Profitability | Dpercentile 67.6 |
| Solvency | Apercentile 1.0 |
| Growth and financing | Cpercentile 52.8 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.1B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Jul 22, 202679 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $64.812026-10-08; market equity $3.0B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Jul 22, 2026; the document on sec.gov.
or other liabilities, including liabilities arising from events eggs have led to pressure from customers to change longstanding breach or incident, there is a potential risk that our business, reputation, or availability of feed ingredients, or interfere with our operations changes in general conditions in the U.S. and global economy, t aware of any risks from cybersecurity threats, including as a result of prior cybersecurity
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 67.6 | |||||||
| Gross profitability | 21.6% | [1,5] | 29.8% | 57.9 | 146 | 2026-05-30 | |
| Return on invested capital | not computable | 5.6% | |||||
| latest aligned inputs end 2019-06-01; latest annual assets end 2026-05-30 | |||||||
| Accruals ratio | (5.3%) | [1,6-8] | (5.0%) | 47.4 | 153 | 2026-05-30 | |
| Gross margin stability, five years | 9.6 pts | [2,5,9-16] | 1.9 pts | 97.4 | 116 | 2026-05-30 | |
| Solvency, sleeve percentile 1.0 | |||||||
| Twelve-month failure probability | not computable | 0.03% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 12.48 | [1,17-22] | 3.11 | 0.0 | 122 | 2026-05-30 | |
| Net debt to EBITDA | not computable | 2.54x | |||||
| latest aligned inputs end 2019-06-01; latest annual assets end 2026-05-30 | |||||||
| Interest coverage | not computable | 2.51x | |||||
| latest aligned inputs end 2024-06-01; latest annual assets end 2026-05-30 | |||||||
| Current ratio | 7.70x | [17-18] | 1.81x | 1.9 | 157 | 2026-05-30 | |
| Growth and financing, sleeve percentile 52.8 | |||||||
| Revenue growth, three-year compound | (2.5%) | [2,10,12,14] | 0.2% | 66.7 | 133 | 2026-05-30 | |
| Free cash flow growth, three-year compound | (23.2%) | [7,23-29] | 14.9% | 90.8 | 66 | 2026-05-30 | |
| Reinvestment rate | (94.8%) | [17-18,20,23,30-34] | 10.7% | 87.0 | 70 | 2026-05-30 | |
| Asset growth, three years | 16.7% | [1,8,35-36] | 0.5% | 6.8 | 134 | 2026-05-30 | |
| Net share issuance, one year | (3.3%) | [37-38] | 0.05% | 12.6 | 104 | 2026-07-22 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.226; sampling error 3.8 percentile points on 124 peers.
Among 124 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 36 | Marzetti Co. (MZTI) Marzetti Co. (MZTI) Bsecond fifth; percentile 28.5 Nasdaq · Canned, Frozen & Preservd Fruit, Veg & Food Specialties market equity $2.8B; last close $102.18 No active warnings; 10 of 14 inputs | 28.5 | B | |
| 37 | DEL Monte Corp. (DMC) DEL Monte Corp. (DMC) Bsecond fifth; percentile 29.3 NYSE · Agricultural Production-Crops market equity $1.4B; last close $29.55 No active warnings; 13 of 14 inputs | 29.3 | B | |
| 38 | Pepsico Inc. (PEP) Pepsico Inc. (PEP) Bsecond fifth; percentile 30.1 Nasdaq · Beverages market equity $174.9B; last close $128.49 No active warnings; 14 of 14 inputs | 30.1 | B | |
| 39 | Acushnet Holdings Corp. (GOLF) Acushnet Holdings Corp. (GOLF) Bsecond fifth; percentile 30.9 NYSE · Sporting & Athletic Goods, NEC market equity $4.6B; last close $79.22 No active warnings; 9 of 14 inputs | 30.9 | B | |
| 40 | Freshpet, Inc. (FRPT) Freshpet, Inc. (FRPT) Bsecond fifth; percentile 31.7 Nasdaq · Grain Mill Products market equity $3.1B; last close $65.20 No active warnings; 8 of 14 inputs | 31.7 | B | |
| 41 | Cal-Maine Foods Inc. (CALM) Cal-Maine Foods Inc. (CALM) Bsecond fifth; percentile 32.5 Nasdaq · Agricultural Prod-Livestock & Animal Specialties market equity $3.0B; last close $64.81 Warnings: fortress balance sheet; 10 of 14 inputs | 32.5 | B | fortress balance sheet |
| 42 | Levi Strauss & Co. (LEVI) Levi Strauss & Co. (LEVI) Bsecond fifth; percentile 33.3 NYSE · Apparel & Other Finishd Prods of Fabrics & Similar Matl last close $19.04 No active warnings; 9 of 14 inputs | 33.3 | B | |
| 43 | Coffee Holding Co. Inc. (JVA) Coffee Holding Co. Inc. (JVA) Bsecond fifth; percentile 34.1 Nasdaq · Miscellaneous Food Preparations & Kindred Products market equity $25.5M; last close $4.45 Warnings: late filer; 9 of 14 inputs | 34.1 | B | late filer |
| 44 | Mohawk Industries Inc. (MHK) Mohawk Industries Inc. (MHK) Bsecond fifth; percentile 35.0 NYSE · Carpets & Rugs market equity $8.1B; last close $119.45 No active warnings; 12 of 14 inputs | 35.0 | B | |
| 45 | Carters Inc. (CRI) Carters Inc. (CRI) Bsecond fifth; percentile 35.8 NYSE · Apparel & Other Finishd Prods of Fabrics & Similar Matl market equity $1.2B; last close $32.50 No active warnings; 11 of 14 inputs | 35.8 | B | |
| 46 | Ingredion Inc. (INGR) Ingredion Inc. (INGR) B/Con the B/C boundary; percentile 36.6 NYSE · Grain Mill Products market equity $6.0B; last close $95.11 No active warnings; 9 of 14 inputs | 36.6 | B/C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 32.5 | 2204 |
| sector peers, equal sleeves (the grade) | B | 32.5 | 124 |
| same exchange, equal sleeves | B | 38.1 | 1219 |
| sector peers, equal inputs | C | 47.2 | 124 |
Each letter is one fifth of the 124 graded peers, about 24 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (13.7%) | (0.2%) | 28 | hotter than 28 of 100 peers |
| Distance from 52-week high | (31.4%) | (24.8%) | 35 | closer to its high than 35 of 100 peers |
| EBIT to enterprise value | 12.0% | 4.1% | 91 | pricier than 9 of 100 peers |
| Free cash flow yield | 10.8% | 4.8% | 78 | pricier than 22 of 100 peers |
| Book value to price | 0.85 | 0.57 | 65 | pricier than 35 of 100 peers |
| Sales to price | 0.96 | 1.20 | 41 | pricier than 59 of 100 peers |
| Composite equity issuance, five years | not computable | (16.3%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | (0.24) | (0.10) | 28 | ahead of 28 of 100 peers |
Inputs: market equity $3.0B; EBIT $350.2M; free cash flow $328.5M; book equity $2.6B; sales $2.9B; debt $2.3M; cash $113.5M[39].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2026-05-30 | ||
|---|---|---|
| Return on assets above zero | 10.3% | ✓ pass[6,8] |
| Operating cash flow above zero | $479.8M | ✓ pass[7] |
| Return on assets improved | (45.6 pts) | ✗ fail[6,8,35,40] |
| Operating cash flow exceeds net income | $163.1M | ✓ pass[6-7] |
| Long-term leverage fell | n/a[1,8,35] | |
| Current ratio improved | 131.3 pts | ✓ pass[17-18,33-34] |
| No new shares issued | (3.3%) | ✓ pass[37-38] |
| Gross margin improved | (20.3 pts) | ✗ fail[2,5,9-10] |
| Asset turnover improved | (100.7 pts) | ✗ fail[2,8,10,35] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $113.5M[41] |
| Operating cash flow, four quarters | $99.8M[7,41-45] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 9 |
| 10-Q received Sep 30, 2026 | |
| Median daily dollar volume | $75.3M |
| 63 sessions | |
| Days since newest grade input | 79 |
Downloads [top]
|
Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.1B | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.9B | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $69.2M | 2019-06-01 | 2020-07-20 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $2.3M | 2019-06-01 | 2019-07-22 | 10-K | filing · viewer · series |
| 5 | gross profit | us-gaap:GrossProfit | $672.0M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | $316.7M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $479.8M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $3.1B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $1.9B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $4.3B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $541.6M | 2024-06-01 | 2026-07-22 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2024-06-01 | 2026-07-22 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $1.2B | 2023-06-03 | 2025-07-22 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $3.1B | 2023-06-03 | 2025-07-22 | 10-K | filing · viewer · series |
| 15 | gross profit | us-gaap:GrossProfit | $337.1M | 2022-05-28 | 2024-07-23 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.8B | 2022-05-28 | 2024-07-23 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $1.6B | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $205.5M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $2.8B | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | $350.2M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $2.6B | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $467.0M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $151.2M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $1.2B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $161.3M | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 26 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $451.4M | 2024-06-01 | 2026-07-22 | 10-K | filing · viewer · series |
| 27 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $147.1M | 2024-06-01 | 2026-07-22 | 10-K | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $863.0M | 2023-06-03 | 2025-07-22 | 10-K | filing · viewer · series |
| 29 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $136.6M | 2023-06-03 | 2025-07-22 | 10-K | filing · viewer · series |
| 30 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $124.3M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 31 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $411.0M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 32 | income tax | us-gaap:IncomeTaxExpenseBenefit | $92.9M | 2026-05-30 | 2026-07-22 | 10-K | filing · viewer · series |
| 33 | current assets | us-gaap:AssetsCurrent | $2.0B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 34 | current liabilities | us-gaap:LiabilitiesCurrent | $308.4M | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 35 | assets | us-gaap:Assets | $2.2B | 2024-06-01 | 2025-07-22 | 10-K | filing · viewer · series |
| 36 | assets | us-gaap:Assets | $2.0B | 2023-06-03 | 2024-07-23 | 10-K | filing · viewer · series |
| 37 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 46,917,080 | 2026-07-22 | 2026-07-22 | 10-K | filing · viewer · series |
| 38 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 48,497,477 | 2025-07-22 | 2025-07-22 | 10-K | filing · viewer · series |
| 39 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 46,710,613 | 2026-09-30 | 2026-09-30 | 10-Q | filing · viewer · series |
| 40 | net income | us-gaap:NetIncomeLoss | $1.2B | 2025-05-31 | 2026-07-22 | 10-K | filing · viewer · series |
| 41 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $113.5M | 2026-08-29 | 2026-09-30 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$101.4M | 2026-08-29 | 2026-09-30 | 10-Q | filing · viewer · series |
| 43 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $476.9M | 2026-02-28 | 2026-04-01 | 10-Q | filing · viewer · series |
| 44 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $373.4M | 2025-11-29 | 2026-01-07 | 10-Q | filing · viewer · series |
| 45 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $278.6M | 2025-08-30 | 2026-09-30 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 32.5 is 7.5 points from the nearest band edge; sampling error is 3.8 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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