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Side-by-side financial comparison of CAL-MAINE FOODS INC (CALM) and VEON Ltd. (VEON). Click either name above to swap in a different company.

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $769.5M, roughly 1.4× CAL-MAINE FOODS INC). VEON Ltd. runs the higher net margin — 55.9% vs 13.4%, a 42.6% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs -19.4%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

CALM vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.4× larger
VEON
$1.1B
$769.5M
CALM
Growing faster (revenue YoY)
VEON
VEON
+25.2% gap
VEON
5.8%
-19.4%
CALM
Higher net margin
VEON
VEON
42.6% more per $
VEON
55.9%
13.4%
CALM

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
CALM
CALM
VEON
VEON
Revenue
$769.5M
$1.1B
Net Profit
$102.8M
$608.0M
Gross Margin
27.0%
Operating Margin
16.1%
75.4%
Net Margin
13.4%
55.9%
Revenue YoY
-19.4%
5.8%
Net Profit YoY
-53.1%
583.1%
EPS (diluted)
$2.13
$0.34

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
CALM
CALM
VEON
VEON
Q4 25
$769.5M
Q3 25
$922.6M
Q2 25
$1.1B
Q1 25
$1.4B
Q4 24
$954.7M
Q3 24
$785.9M
Q2 24
$1.0B
Q1 24
$703.1M
Net Profit
CALM
CALM
VEON
VEON
Q4 25
$102.8M
Q3 25
$199.3M
Q2 25
$608.0M
Q1 25
$508.5M
Q4 24
$219.1M
Q3 24
$150.0M
Q2 24
$89.0M
Q1 24
$146.7M
Gross Margin
CALM
CALM
VEON
VEON
Q4 25
27.0%
Q3 25
33.7%
Q2 25
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q2 24
Q1 24
31.1%
Operating Margin
CALM
CALM
VEON
VEON
Q4 25
16.1%
Q3 25
27.0%
Q2 25
75.4%
Q1 25
44.8%
Q4 24
29.1%
Q3 24
23.8%
Q2 24
27.1%
Q1 24
23.2%
Net Margin
CALM
CALM
VEON
VEON
Q4 25
13.4%
Q3 25
21.6%
Q2 25
55.9%
Q1 25
35.9%
Q4 24
22.9%
Q3 24
19.1%
Q2 24
8.7%
Q1 24
20.9%
EPS (diluted)
CALM
CALM
VEON
VEON
Q4 25
$2.13
Q3 25
$4.12
Q2 25
$0.34
Q1 25
$10.38
Q4 24
$4.47
Q3 24
$3.06
Q2 24
$0.04
Q1 24
$3.00

Balance Sheet & Financial Strength

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

Metric
CALM
CALM
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$369.4M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$1.5B
Total Assets
$3.1B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CALM
CALM
VEON
VEON
Q4 25
$369.4M
Q3 25
$251.9M
Q2 25
$1.3B
Q1 25
$497.2M
Q4 24
$140.3M
Q3 24
$181.7M
Q2 24
$862.0M
Q1 24
$367.1M
Stockholders' Equity
CALM
CALM
VEON
VEON
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$1.5B
Q1 25
$2.4B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.1B
Q1 24
$1.7B
Total Assets
CALM
CALM
VEON
VEON
Q4 25
$3.1B
Q3 25
$3.2B
Q2 25
$8.5B
Q1 25
$3.1B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$7.3B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
CALM
CALM
VEON
VEON
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.

Operating Cash Flow
CALM
CALM
VEON
VEON
Q4 25
$94.8M
Q3 25
$278.6M
Q2 25
Q1 25
$571.6M
Q4 24
$122.7M
Q3 24
$117.5M
Q2 24
Q1 24
$164.0M
Free Cash Flow
CALM
CALM
VEON
VEON
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 24
$133.8M
FCF Margin
CALM
CALM
VEON
VEON
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 24
19.0%
Capex Intensity
CALM
CALM
VEON
VEON
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 24
4.3%
Cash Conversion
CALM
CALM
VEON
VEON
Q4 25
0.92×
Q3 25
1.40×
Q2 25
Q1 25
1.12×
Q4 24
0.56×
Q3 24
0.78×
Q2 24
Q1 24
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CALM
CALM

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

VEON
VEON

Segment breakdown not available.

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