Seaboard Corporation (SEB) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 23	—	-$13.8	—	—	$2.5B	—
Q4 22	—	$192.1	—	—	$2.7B	—
Q3 22	—	$125.8	—	—	$2.9B	—
Q2 22	—	$92.5	—	—	$3B	—
Q1 22	—	$89.3	—	—	$2.7B	—
Q4 21	—	$103.3	—	—	$2.5B	—
Q3 21	—	$81.5	—	—	$2.3B	—
Q2 21	—	$151.6	—	—	$2.4B	—
Q1 21	—	$154	—	—	$2.1B	—
Q4 20	—	$222.5	—	—	$2B	—
Q3 20	—	$126.2	—	—	$1.6B	—
Q2 20	—	-$22.4	—	—	$1.8B	—
Q1 20	—	-$88.4	—	—	$1.7B	—
Q4 19	—	$149.9	—	—	$1.8B	—
Q3 19	—	-$6	—	—	$1.7B	—
Q2 19	—	$50.1	—	—	$1.8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$514.5	—	—	$9.7B	—
FY24	—	$90.6	—	—	$9.1B	—
FY23	—	$202.2	—	—	$9.6B	—
FY22	—	$499.7	—	—	$11.2B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.4B	$5.8B	$6.6B	$6.8B	$7.1B	$9.2B	$11.2B	$9.6B	$9.1B	$9.7B
YoY change	-3.84%	+7.99%	+13.3%	+3.9%	+4.18%	+29.5%	+21.8%	-15%	-4.83%	+7.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.4B	5.8B	6.6B	6.8B	7.1B	9.2B	11.2B	9.6B	9.1B	9.7B
Cost of revenue	4.9B	5.3B	6B	6.4B	6.6B	8.4B	10.2B	9.2B	8.5B	9.1B
Gross profit	497M	549M	550M	446M	574M	818M	1B	316M	576M	693M
Gross margin	9.24%	9.45%	8.35%	6.52%	8.06%	8.86%	9.16%	3.3%	6.33%	7.11%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	267M	309M	314M	336M	329M	360M	373M	403M	420M	454M
Operating expenses	267M	309M	314M	336M	329M	360M	373M	403M	420M	454M
Operating income	230M	240M	236M	110M	245M	458M	657M	-87M	156M	239M
Operating margin	4.28%	4.13%	3.58%	1.61%	3.44%	4.96%	5.84%	-0.91%	1.71%	2.45%
Non-operating income, net	144M	179M	-195M	186M	38M	169M	-70M	190M	94M	241M
Pretax income	384M	427M	11M	290M	286M	636M	579M	107M	246M	410M
Income tax	70M	181M	8M	3M	3M	65M	-3M	-120M	156M	-91M
Net income	314M	246M	3M	287M	283M	571M	582M	227M	90M	501M
Net margin	5.84%	4.23%	0.05%	4.2%	3.97%	6.19%	5.18%	2.37%	0.99%	5.14%
EBITDA	444M	383M	337M	239M	424M	678M	1.1B	367M	619M	798M
EPS	266.5	211	2.26	246.6	244.2	490.4	499.7	202.2	90.6	514.5
Diluted EPS	266.5	211	2.26	246.6	244.2	490.4	499.7	202.2	90.6	514.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.4B	2.3B	2.2B	2.2B	2.2B	2.5B	2.3B	2.5B	2.5B	2.4B	2.4B	2.9B
Cost of revenue	2.2B	2.3B	2.1B	2.1B	2.1B	2.3B	2.2B	2.3B	2.3B	2.2B	2.2B	2.7B
Gross profit	165M	21M	87M	129M	137M	223M	142M	162M	198M	191M	217M	221M
Gross margin	6.91%	0.92%	3.97%	5.84%	6.18%	8.98%	6.13%	6.53%	7.8%	7.93%	9.04%	7.56%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	98M	108M	107M	99M	105M	109M	104M	110M	114M	126M	121M	121M
Operating expenses	98M	108M	107M	99M	105M	109M	104M	110M	114M	126M	121M	121M
Operating income	67M	-87M	-20M	30M	32M	114M	38M	52M	84M	65M	96M	100M
Operating margin	2.81%	-3.81%	-0.91%	1.36%	1.44%	4.59%	1.64%	2.1%	3.31%	2.7%	4%	3.42%
Non-operating income, net	17M	66M	36M	16M	14M	28M	-6M	64M	62M	89M	48M	126M
Pretax income	93M	-21M	23M	46M	41M	136M	40M	112M	125M	133M	143M	206M
Income tax	-33M	-86M	1M	-15M	190M	-20M	8M	8M	15M	-122M	23M	52M
Net income	126M	65M	22M	61M	-149M	156M	32M	104M	110M	255M	120M	154M
Net margin	5.28%	2.85%	1%	2.76%	-6.72%	6.29%	1.38%	4.19%	4.33%	10.6%	5%	5.27%
EBITDA	181M	30M	87M	142M	138M	252M	147M	174M	224M	236M	235M	309M
EPS	108.5	—	22.7	62.8	-153.4	—	33	105.2	113.7	—	124.2	159.7
Diluted EPS	108.5	—	22.7	62.8	-153.4	—	33	105.2	113.7	—	124.2	159.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.6B	5.2B	4.1B	5B	3.5B	4.6B	4.4B	4B	—	4.3B	3.9B
Enterprise value	3.9B	4.2B	3.5B	4.9B	3.4B	4.8B	4.7B	4.6B	—	4.9B	4.6B
Shares outstanding	1.2M	1.2M	1.2M	1.2M	1.2M	1.2M	1.2M	1.1M	971.1K	964.1K	964.1K

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	14.7	21	1.4K	17.3	12.4	8	7.53	17.6	—	8.55	6.23
P/S	0.86	0.89	0.63	0.72	0.49	0.49	0.39	0.42	—	0.44	0.38
P/B	1.46	1.51	1.24	1.38	0.92	1.03	0.87	0.86	—	0.82	0.72
EV/EBITDA	8.8	10.9	10.5	20.6	8	7.13	4.35	12.6	—	6.11	6.84
EV/Sales	0.73	0.72	0.54	0.72	0.48	0.52	0.42	0.48	—	0.5	0.45
Earnings yield	6.79%	4.77%	0.07%	5.79%	8.04%	12.5%	13.3%	5.69%	—	11.7%	16%
FCF yield	5.81%	1.39%	1.84%	-3.59%	0.91%	-8.06%	4.61%	5.11%	—	0.14%	-6.97%
PEG	—	—	—	—	—	—	—	—	—	—	0.12

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	9.24%	9.45%	8.35%	6.52%	8.06%	8.86%	9.16%	3.3%	6.33%	7.11%	7.56%
Operating margin	4.28%	4.13%	3.58%	1.61%	3.44%	4.96%	5.84%	-0.91%	1.71%	2.45%	3.42%
Net margin	5.84%	4.23%	0.05%	4.2%	3.97%	6.19%	5.18%	2.37%	0.99%	5.14%	6.17%
ROE	9.89%	7.22%	0.09%	7.97%	7.39%	12.9%	11.6%	4.9%	1.9%	9.57%	12.3%
ROA	6.6%	4.77%	0.06%	4.52%	4.42%	7.61%	7.37%	3%	1.17%	6.08%	2.61%
ROIC	7.65%	5.73%	2.36%	3.06%	6.55%	8.75%	12.3%	-1.65%	1.08%	4.1%	5.5%
Return on tangible assets	6.66%	4.81%	0.06%	4.86%	4.75%	8.06%	7.73%	3.16%	1.23%	6.33%	7.65%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.63	3.82	3.86	2.87	3.12	2.61	2.63	2.52	2.5	2.4	2.4
Quick ratio	2.66	2.87	2.82	1.96	2.02	1.54	1.53	1.42	1.5	1.4	1.33
Debt / equity	0.2	0.2	0.28	0.42	0.37	0.4	0.33	0.36	0.36	0.35	0.36
Debt / assets	0.13	0.14	0.17	0.24	0.22	0.23	0.21	0.22	0.22	0.22	0.23
Net debt / EBITDA	-1.61	-2.6	-1.79	-0.16	-0.3	0.39	0.32	1.75	0.87	0.74	0.76
Interest coverage	14.2	15.7	1.25	9.06	16.1	49.9	15.5	2.84	4.42	6.86	9.43
Effective tax rate	18.2%	42.4%	72.7%	1.03%	1.05%	10.2%	0%	0%	63.4%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.6K	5K	5.6K	5.9K	6.1K	8K	9.7K	8.6K	9.4K	10.1K	10.7K
EPS (basic)	266.5	211	2.26	246.6	244.2	490.4	499.7	202.2	90.6	514.5	514.5
EPS (diluted)	266.5	211	2.26	246.6	244.2	490.4	499.7	202.2	90.6	514.5	660.5
Book value per share	2.7K	2.9K	2.8K	3.1K	3.3K	3.8K	4.3K	4.1K	4.9K	5.4K	5.7K
FCF per share	229.8	61.5	64.9	-152.7	27.5	-317	174	182.5	8.24	6.22	-24
Cash per share	1.2K	1.4K	1.3K	1.3K	1.3K	1.3K	1.1K	920.7	1.2K	1.3K	1.3K
Capex per share	40.2	4.27	4.27	6.86	3.44	33.6	25	30.4	35	582.9	522

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.87%	0.09%	0.08%	0.12%	0.06%	0.42%	0.26%	0.36%	0.37%	5.77%	4.87%
Capex / operating cash flow	9.18%	1.11%	-83.3%	2.32%	1.19%	20.7%	5.28%	4.34%	6.08%	98.9%	104.8%
Payout ratio	0%	2.85%	233.3%	3.48%	3.53%	1.75%	1.72%	4.41%	10%	1.8%	1.36%
Dividend yield	0%	0.14%	0.17%	0.2%	0.28%	0.22%	0.23%	0.25%	—	0.21%	0.22%

Yield

0.22%

trailing twelve months

Frequency

Quarterly

Last dividend

$2.25

ex-dividend Aug 14, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$2.25
May 15, 2026	$2.25
Feb 23, 2026	$2.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.4B	$2.3B	$2.2B	$2.2B	$2.2B	$2.5B	$2.3B	$2.5B	$2.5B	$2.4B	$2.4B	$2.9B
YoY change	-17.5%	-14.4%	-12.3%	-7.69%	-7.12%	+8.76%	+5.71%	+12.3%	+14.5%	-2.9%	+3.63%	+17.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.4B	1.7B	1.5B	1.6B	1.5B	1.5B	1.3B	1B	1.2B	1.2B
Receivables	269M	299M	392M	370M	381M	553M	588M	500M	569M	589M
Inventory	762M	780M	815M	1.1B	1.2B	1.7B	1.7B	1.5B	1.4B	1.5B
Total current assets	2.8B	3.1B	3B	3.4B	3.4B	4B	4B	3.4B	3.5B	3.6B
Property, plant & equipment	520M	552M	569M	1.2B	1.3B	1.6B	1.9B	2B	2.1B	2.3B
Goodwill & intangibles	41M	48M	472M	444M	442M	416M	370M	372M	366M	336M
Total assets	4.8B	5.2B	5.3B	6.3B	6.4B	7.5B	7.9B	7.6B	7.7B	8.2B
Accounts payable	194M	256M	238M	368M	276M	404M	427M	399M	418M	397M
Short-term debt	138M	215M	187M	412M	388M	687M	613M	372M	448M	571M
Total current liabilities	785M	818M	784M	1.2B	1.1B	1.6B	1.5B	1.3B	1.4B	1.5B
Long-term debt	499M	482M	739M	1.1B	1B	1.1B	1B	1.3B	1.3B	1.3B
Total liabilities	1.6B	1.8B	2B	2.7B	2.6B	3.1B	2.9B	2.9B	2.9B	3B
Shareholders' equity	3.2B	3.4B	3.3B	3.6B	3.8B	4.4B	5B	4.6B	4.7B	5.2B
Total debt	637M	697M	926M	1.5B	1.4B	1.8B	1.6B	1.7B	1.7B	1.8B
Net debt	560M	581M	732M	1.4B	1.3B	1.7B	1.4B	1.6B	1.6B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.2B	1B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B
Receivables	507M	500M	535M	547M	585M	569M	599M	634M	641M	589M	707M	813M
Inventory	1.5B	1.5B	1.3B	1.4B	1.4B	1.4B	1.5B	1.5B	1.4B	1.5B	1.7B	1.8B
Total current assets	3.6B	3.4B	3.4B	3.5B	3.5B	3.5B	3.5B	3.6B	3.6B	3.6B	3.8B	4B
Property, plant & equipment	2.7B	2B	2.8B	2.9B	2.9B	2.1B	2.9B	3B	3.2B	2.3B	3.2B	3.2B
Goodwill & intangibles	324M	372M	326M	322M	322M	366M	318M	324M	336M	336M	336M	332M
Total assets	7.6B	7.6B	7.6B	7.7B	7.5B	7.7B	7.6B	7.9B	8B	8.2B	8.4B	8.7B
Accounts payable	369M	399M	348M	359M	361M	418M	353M	317M	319M	397M	355M	413M
Short-term debt	300M	372M	512M	599M	552M	448M	510M	634M	636M	571M	660M	750M
Total current liabilities	1.2B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B	1.7B
Long-term debt	961M	1.3B	1.3B	1.3B	1.3B	1.3B	1.2B	1.2B	1.3B	1.3B	1.2B	1.2B
Total liabilities	2.4B	2.9B	2.9B	3B	3B	2.9B	2.9B	3B	3B	3B	3.1B	3.2B
Shareholders' equity	5.2B	4.6B	4.7B	4.7B	4.6B	4.7B	4.8B	4.9B	5B	5.2B	5.4B	5.5B
Total debt	1.3B	1.7B	1.8B	1.9B	1.8B	1.7B	1.8B	1.9B	1.9B	1.8B	1.9B	2B
Net debt	1.2B	1.6B	1.7B	1.8B	1.7B	1.6B	1.7B	1.8B	1.7B	1.6B	1.8B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	314M	246M	3M	287M	283M	571M	582M	227M	90M	501M
Depreciation & amortization	102M	118M	134M	138M	172M	178M	235M	283M	311M	318M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	40M	-56M	-149M	-23M	-107M	-592M	-195M	420M	-12M	-100M
Operating cash flow	512M	450M	-6M	345M	337M	188M	549M	783M	559M	568M
Capital expenditure	47M	5M	5M	8M	4M	39M	29M	34M	34M	-562M
Investing cash flow	-216M	-88M	-182M	96M	-3M	158M	37M	233M	27M	-578M
Dividends paid	0	-7M	-7M	-10M	-10M	-10M	-10M	-10M	-9M	-9M
Share repurchases	0	0	-5M	-17M	-13M	0	0	-600M	-8M	-39M
Financing cash flow	-27M	58M	160M	-89M	-390M	-316M	-1.4B	-2B	-1.4B	-765M
Net change in cash	269M	420M	-28M	352M	-56M	30M	-798M	-936M	-782M	-775M
Free cash flow	269M	72M	76M	-178M	32M	-368M	202M	204M	8M	6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	110M	255M	120M	154M
Depreciation & amortization	—	—	—	—	—	—	—	—	78M	82M	83M	83M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	158M	30M	-255M	-193M
Operating cash flow	—	—	—	—	—	—	—	—	319M	188M	-54M	24M
Capital expenditure	—	—	—	—	—	—	—	—	-167M	-135M	-96M	-102M
Investing cash flow	—	—	—	—	—	—	—	—	-211M	-150M	-101M	-59M
Dividends paid	—	—	—	—	—	—	—	—	-2M	-3M	-2M	-2M
Share repurchases	—	—	—	—	—	—	—	—	-14M	-1M	—	—
Financing cash flow	—	—	—	—	—	—	—	—	-62M	-73M	-266M	-579M
Net change in cash	—	—	—	—	—	—	—	—	46M	-35M	-421M	-614M
Free cash flow	—	—	—	—	—	—	—	—	152M	53M	-150M	-78M

Seaboard Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement