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Side-by-side financial comparison of Amer Sports, Inc. (AS) and CAL-MAINE FOODS INC (CALM). Click either name above to swap in a different company.

Amer Sports, Inc. is the larger business by last-quarter revenue ($1.1B vs $769.5M, roughly 1.4× CAL-MAINE FOODS INC). CAL-MAINE FOODS INC runs the higher net margin — 13.4% vs 1.8%, a 11.5% gap on every dollar of revenue. Amer Sports, Inc. produced more free cash flow last quarter ($92.2M vs $47.9M).

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

Cal-Maine Foods, Inc. is an American fresh egg producer based in Ridgeland, Mississippi. As of 2024, it was the largest egg producer in the United States. Its eggs are sold under several different brand names, including Egg-Land's Best, Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain. The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on the NASDAQ stock exchange.

AS vs CALM — Head-to-Head

Bigger by revenue
AS
AS
1.4× larger
AS
$1.1B
$769.5M
CALM
Higher net margin
CALM
CALM
11.5% more per $
CALM
13.4%
1.8%
AS
More free cash flow
AS
AS
$44.3M more FCF
AS
$92.2M
$47.9M
CALM

Income Statement — Q1 FY2024 vs Q2 FY2026

Metric
AS
AS
CALM
CALM
Revenue
$1.1B
$769.5M
Net Profit
$19.0M
$102.8M
Gross Margin
52.8%
27.0%
Operating Margin
12.4%
16.1%
Net Margin
1.8%
13.4%
Revenue YoY
-19.4%
Net Profit YoY
-53.1%
EPS (diluted)
$0.05
$2.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AS
AS
CALM
CALM
Q4 25
$769.5M
Q3 25
$922.6M
Q1 25
$1.4B
Q4 24
$954.7M
Q3 24
$785.9M
Q1 24
$1.1B
$703.1M
Q4 23
$1.3B
$523.2M
Q3 23
$459.3M
Net Profit
AS
AS
CALM
CALM
Q4 25
$102.8M
Q3 25
$199.3M
Q1 25
$508.5M
Q4 24
$219.1M
Q3 24
$150.0M
Q1 24
$19.0M
$146.7M
Q4 23
$-95.0M
$17.0M
Q3 23
$926.0K
Gross Margin
AS
AS
CALM
CALM
Q4 25
27.0%
Q3 25
33.7%
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q1 24
52.8%
31.1%
Q4 23
51.9%
17.4%
Q3 23
9.9%
Operating Margin
AS
AS
CALM
CALM
Q4 25
16.1%
Q3 25
27.0%
Q1 25
44.8%
Q4 24
29.1%
Q3 24
23.8%
Q1 24
12.4%
23.2%
Q4 23
2.7%
Q3 23
-1.5%
Net Margin
AS
AS
CALM
CALM
Q4 25
13.4%
Q3 25
21.6%
Q1 25
35.9%
Q4 24
22.9%
Q3 24
19.1%
Q1 24
1.8%
20.9%
Q4 23
-7.2%
3.3%
Q3 23
0.2%
EPS (diluted)
AS
AS
CALM
CALM
Q4 25
$2.13
Q3 25
$4.12
Q1 25
$10.38
Q4 24
$4.47
Q3 24
$3.06
Q1 24
$0.05
$3.00
Q4 23
$-0.11
$0.35
Q3 23
$0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AS
AS
CALM
CALM
Cash + ST InvestmentsLiquidity on hand
$369.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
Total Assets
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
CALM
CALM
Q4 25
$369.4M
Q3 25
$251.9M
Q1 25
$497.2M
Q4 24
$140.3M
Q3 24
$181.7M
Q1 24
$367.1M
Q4 23
$483.4M
$361.8M
Q3 23
$360.3M
Total Debt
AS
AS
CALM
CALM
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q1 24
Q4 23
$6.3B
Q3 23
Stockholders' Equity
AS
AS
CALM
CALM
Q4 25
$2.7B
Q3 25
$2.7B
Q1 25
$2.4B
Q4 24
$2.0B
Q3 24
$1.9B
Q1 24
$1.7B
Q4 23
$-156.8M
$1.6B
Q3 23
$1.6B
Total Assets
AS
AS
CALM
CALM
Q4 25
$3.1B
Q3 25
$3.2B
Q1 25
$3.1B
Q4 24
$2.5B
Q3 24
$2.4B
Q1 24
$2.1B
Q4 23
$8.4B
$2.0B
Q3 23
$1.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
CALM
CALM
Operating Cash FlowLast quarter
$114.3M
$94.8M
Free Cash FlowOCF − Capex
$92.2M
$47.9M
FCF MarginFCF / Revenue
8.8%
6.2%
Capex IntensityCapex / Revenue
2.1%
6.1%
Cash ConversionOCF / Net Profit
6.02×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$895.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
CALM
CALM
Q4 25
$94.8M
Q3 25
$278.6M
Q1 25
$571.6M
Q4 24
$122.7M
Q3 24
$117.5M
Q1 24
$114.3M
$164.0M
Q4 23
$199.0M
$50.0M
Q3 23
$23.7M
Free Cash Flow
AS
AS
CALM
CALM
Q4 25
$47.9M
Q3 25
$233.3M
Q1 25
$521.8M
Q4 24
$92.9M
Q3 24
$81.7M
Q1 24
$92.2M
$133.8M
Q4 23
$75.4M
$10.9M
Q3 23
$-3.0M
FCF Margin
AS
AS
CALM
CALM
Q4 25
6.2%
Q3 25
25.3%
Q1 25
36.8%
Q4 24
9.7%
Q3 24
10.4%
Q1 24
8.8%
19.0%
Q4 23
5.7%
2.1%
Q3 23
-0.6%
Capex Intensity
AS
AS
CALM
CALM
Q4 25
6.1%
Q3 25
4.9%
Q1 25
3.5%
Q4 24
3.1%
Q3 24
4.6%
Q1 24
2.1%
4.3%
Q4 23
9.4%
7.5%
Q3 23
5.8%
Cash Conversion
AS
AS
CALM
CALM
Q4 25
0.92×
Q3 25
1.40×
Q1 25
1.12×
Q4 24
0.56×
Q3 24
0.78×
Q1 24
6.02×
1.12×
Q4 23
2.94×
Q3 23
25.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

CALM
CALM

Retail$625.4M81%
Prepared Foods$71.7M9%
Egg Products$34.5M4%
Service Other$19.2M2%
Other$13.8M2%

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