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Side-by-side financial comparison of CAL-MAINE FOODS INC (CALM) and Evolent Health, Inc. (EVH). Click either name above to swap in a different company.
CAL-MAINE FOODS INC is the larger business by last-quarter revenue ($769.5M vs $496.2M, roughly 1.6× Evolent Health, Inc.). CAL-MAINE FOODS INC runs the higher net margin — 13.4% vs -5.4%, a 18.7% gap on every dollar of revenue. On growth, Evolent Health, Inc. posted the faster year-over-year revenue change (2.6% vs -19.4%). Over the past eight quarters, CAL-MAINE FOODS INC's revenue compounded faster (29.4% CAGR vs -12.4%).
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.
Magellan Health Inc., is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.
CALM vs EVH — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $769.5M | $496.2M |
| Net Profit | $102.8M | $-26.6M |
| Gross Margin | 27.0% | 16.9% |
| Operating Margin | 16.1% | — |
| Net Margin | 13.4% | -5.4% |
| Revenue YoY | -19.4% | 2.6% |
| Net Profit YoY | -53.1% | — |
| EPS (diluted) | $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.
| Q1 26 | — | $496.2M | ||
| Q4 25 | $769.5M | $468.7M | ||
| Q3 25 | $922.6M | $479.5M | ||
| Q2 25 | — | $444.3M | ||
| Q1 25 | $1.4B | $483.6M | ||
| Q4 24 | $954.7M | $646.5M | ||
| Q3 24 | $785.9M | $621.4M | ||
| Q2 24 | — | $647.1M |
| Q1 26 | — | $-26.6M | ||
| Q4 25 | $102.8M | $-429.1M | ||
| Q3 25 | $199.3M | $-20.9M | ||
| Q2 25 | — | $-19.9M | ||
| Q1 25 | $508.5M | $-64.6M | ||
| Q4 24 | $219.1M | $-22.8M | ||
| Q3 24 | $150.0M | $-23.1M | ||
| Q2 24 | — | $1.6M |
| Q1 26 | — | 16.9% | ||
| Q4 25 | 27.0% | 20.7% | ||
| Q3 25 | 33.7% | 20.8% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | 50.5% | 21.2% | ||
| Q4 24 | 37.3% | 11.7% | ||
| Q3 24 | 31.5% | 13.0% | ||
| Q2 24 | — | 16.5% |
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | -87.1% | ||
| Q3 25 | 27.0% | 0.2% | ||
| Q2 25 | — | -0.3% | ||
| Q1 25 | 44.8% | -0.3% | ||
| Q4 24 | 29.1% | -2.9% | ||
| Q3 24 | 23.8% | -2.6% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | -5.4% | ||
| Q4 25 | 13.4% | -91.6% | ||
| Q3 25 | 21.6% | -4.4% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | 35.9% | -13.4% | ||
| Q4 24 | 22.9% | -3.5% | ||
| Q3 24 | 19.1% | -3.7% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | $2.13 | $-3.76 | ||
| Q3 25 | $4.12 | $-0.24 | ||
| Q2 25 | — | $-0.44 | ||
| Q1 25 | $10.38 | $-0.63 | ||
| Q4 24 | $4.47 | $-0.26 | ||
| Q3 24 | $3.06 | $-0.27 | ||
| Q2 24 | — | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $369.4M | $142.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $396.4M |
| Total Assets | $3.1B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $142.0M | ||
| Q4 25 | $369.4M | $151.9M | ||
| Q3 25 | $251.9M | $116.7M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | $497.2M | $246.5M | ||
| Q4 24 | $140.3M | $104.2M | ||
| Q3 24 | $181.7M | $96.6M | ||
| Q2 24 | — | $101.3M |
| Q1 26 | — | $396.4M | ||
| Q4 25 | $2.7B | $415.2M | ||
| Q3 25 | $2.7B | $842.2M | ||
| Q2 25 | — | $896.0M | ||
| Q1 25 | $2.4B | $935.5M | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.2B | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $2.5B | $2.5B | ||
| Q3 24 | $2.4B | $2.5B | ||
| Q2 24 | — | $2.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $94.8M | — |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 6.2% | — |
| Capex IntensityCapex / Revenue | 6.1% | — |
| Cash ConversionOCF / Net Profit | 0.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $895.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $94.8M | $48.8M | ||
| Q3 25 | $278.6M | $15.8M | ||
| Q2 25 | — | $-30.3M | ||
| Q1 25 | $571.6M | $4.6M | ||
| Q4 24 | $122.7M | $-26.2M | ||
| Q3 24 | $117.5M | $18.7M | ||
| Q2 24 | — | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | $47.9M | — | ||
| Q3 25 | $233.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $521.8M | — | ||
| Q4 24 | $92.9M | — | ||
| Q3 24 | $81.7M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 36.8% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | — | 13.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
EVH
| Performance Suite | $323.3M | 65% |
| Specialty Technology and Services Suite | $80.8M | 16% |
| Administrative Services | $49.6M | 10% |
| Cases | $42.6M | 9% |
