Bermudagrass (Cynodon dactylon L.) stockpiling and cool-season annual pastures can extend grazing seasons in cow-calf operations and reduce winter feeding costs, but less is known about how these practices interact and their effect on producer profitability. Data from a completely randomized-design experiment in South-Central Oklahoma were collected on three grazing systems for cows and calves: bermudagrass pasture (CONTROL), stockpiled bermudagrass and interseeded cool-season pasture (SPINT), and stockpiled bermudagrass plus cropland no-till seeded with a summer cover-crop followed by cool-season annuals (SPCROP). A mixed model was used to estimate the effects of grazing system on weaning weights, total hay, and total range cubes [crude protein (CP) = 30%] fed in each system. Enterprise budgeting was used to calculate the expected net return of each system. Weaning weight did not vary between systems (P = 0.6940), resulting in similar revenues. Relative to other treatments, the quantity of cubes fed in the CONTROL system were significantly higher (P <0.0001) while hay fed was significantly higher in the SPCROP system (P = 0.0036). Increased machinery costs, seed costs, and fertilization requirements in bermudagrass stockpiling, interseeding, and cropland production outweighed the cost savings associated with less feeding. Total cost were $446 ha-1 ($722 hd-1), $451 ha-1 ($732 hd-1), and $553 ha-1 ($895 ha-1) for the CONTROL, SPINT, and SPCROP systems, respectively. Overall, the CONTROL system was $3.13 ha-1 ($5.08 hd-1) and $98.91 ha-1 ($160.10 hd-1) more profitable than the SPINT and SPCROP systems.