calm yoy revenue dollar and % chg and operating margin for last 20 years
Here is the 20-year financial history for Cal-Maine Foods (CALM), covering fiscal years 2006 through 2025.
Because Cal-Maine's fiscal year typically ends in late May or early June, the full-year data for 2026 is not yet finalized, so the table below covers the last 20 fully reported fiscal years.
CALM Revenue & Operating Margin (2006–2025)
| Fiscal Year | Total Revenue | YoY Change ($) | YoY Change (%) | Operating Margin |
|---|---|---|---|---|
| 2025 | $4.26 B | +$1.94 B | +83.2% | 36.1% |
| 2024 | $2.33 B | -$819.8 M | -26.1% | 13.4% |
| 2023 | $3.15 B | +$1.37 B | +77.0% | 30.8% |
| 2022 | $1.78 B | +$428.2 M | +31.7% | 8.1% |
| 2021 | $1.35 B | -$2.6 M | -0.2% | -1.9% |
| 2020 | $1.35 B | -$9.6 M | -0.7% | 0.1% |
| 2019 | $1.36 B | -$141.7 M | -9.4% | 3.4% |
| 2018 | $1.50 B | +$428.4 M | +39.9% | 6.7% |
| 2017 | $1.07 B | -$834.1 M | -43.7% | -12.5% |
| 2016 | $1.91 B | +$332.5 M | +21.1% | 24.7% |
| 2015 | $1.58 B | +$135.2 M | +9.4% | 14.9% |
| 2014 | $1.44 B | +$152.8 M | +11.9% | 10.1% |
| 2013 | $1.29 B | +$175.0 M | +15.7% | 4.7% |
| 2012 | $1.11 B | +$171.1 M | +18.2% | 8.0% |
| 2011 | $942.0 M | +$31.8 M | +3.5% | 8.8% |
| 2010 | $910.1 M | -$18.7 M | -2.0% | 11.3% |
| 2009 | $928.8 M | +$12.9 M | +1.4% | 13.0% |
| 2008 | $915.9 M | +$317.8 M | +53.1% | 24.5% |
| 2007 | $598.1 M | +$120.6 M | +25.3% | 9.7% |
| 2006 | $477.6 M | +$102.3 M | +27.3% | 1.0% |
To see just how aggressively the egg market's boom-and-bust cycle impacts Cal-Maine, this interactive chart maps both metrics together. You can clearly see the massive earnings spikes driven by the 2016 and 2023–2025 bird flu outbreaks, followed by the inevitable market overcorrections.
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Key insight: The table perfectly illustrates why Cal-Maine adopted the hybrid pricing model we discussed earlier. While years like 2016, 2023, and 2025 deliver windfall profits due to external supply shocks, the subsequent gluts rapidly compress margins—even pushing the company into the red during 2017 and 2021. The hybrid model is designed to smooth out this exact volatility curve.