NYSEAMERICAN : SEB
Seaboard Corporation — Financial statements
Industrials · Conglomerates · United States
Last price 3908.5 USD (Oct 30, 2026, 10:21 AM EDT) · Market cap 3.74B
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Financial statements
Seaboard Corporation (SEB) reported revenue of 10.27B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.27B | 9.75B | 9.10B | 9.56B | 11.24B | 9.23B |
| Cost of Revenue | 9.45B | 9.05B | 8.52B | 9.25B | 10.21B | 8.41B |
| Gross Profit | 827.00M | 693.00M | 576.00M | 316.00M | 1.03B | 818.00M |
| Selling, General & Admin | 471.00M | 443.00M | 417.00M | 398.00M | 368.00M | 367.00M |
| Operating Expenses | 482.00M | 454.00M | 420.00M | 403.00M | 375.00M | 372.00M |
| Operating Income | 345.00M | 239.00M | 156.00M | -87.00M | 655.00M | 446.00M |
| Interest Expense | -72.00M | -70.00M | -72.00M | -58.00M | -40.00M | -13.00M |
| Interest & Investment Income | 58.00M | 74.00M | 68.00M | 62.00M | 32.00M | 155.00M |
| Earnings From Equity Investments | 179.00M | 138.00M | 85.00M | 105.00M | 152.00M | 7.00M |
| Currency Exchange Gain (Loss) | 8.00M | -14.00M | -9.00M | -4.00M | 5.00M | 16.00M |
| Other Non Operating Income (Expenses) | 15.00M | 4.00M | -1.00M | 4.00M | 14.00M | 25.00M |
| EBT Excluding Unusual Items | 533.00M | 371.00M | 227.00M | 22.00M | 818.00M | 636.00M |
| Gain (Loss) on Sale of Investments | 74.00M | 39.00M | 19.00M | 85.00M | -239.00M | |
| Pretax Income | 607.00M | 410.00M | 246.00M | 107.00M | 579.00M | 636.00M |
| Income Tax Expense | -32.00M | -91.00M | 156.00M | -120.00M | -3.00M | 65.00M |
| Earnings From Continuing Operations | 639.00M | 501.00M | 90.00M | 227.00M | 582.00M | 571.00M |
| Minority Interest in Earnings | -5.00M | -5.00M | -2.00M | -1.00M | -2.00M | -1.00M |
| Net Income | 634.00M | 496.00M | 88.00M | 226.00M | 580.00M | 570.00M |
| Net Income to Common | 634.00M | 496.00M | 88.00M | 226.00M | 580.00M | 570.00M |
| Shares Outstanding (Basic) | 957.90K | 964.11K | 971.05K | 1.12M | 1.16M | 1.16M |
| Shares Outstanding (Diluted) | 957.90K | 964.11K | 971.05K | 1.12M | 1.16M | 1.16M |
| EPS (Basic) | 661.87 | 514.46 | 90.62 | 202.21 | 499.66 | 491.05 |
| EPS (Diluted) | 661.87 | 514.46 | 90.62 | 202.21 | 499.66 | 491.05 |
| Free Cash Flow | -23.00M | 6.00M | 8.00M | 204.00M | 202.00M | -368.00M |
| Free Cash Flow Per Share | -24.01 | 6.22 | 8.24 | 182.53 | 174.02 | -317.03 |
| Dividend Per Share | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Gross Margin | 8.05% | 7.11% | 6.33% | 3.31% | 9.16% | 8.86% |
| Operating Margin | 3.36% | 2.45% | 1.71% | -0.91% | 5.83% | 4.83% |
| Profit Margin | 6.17% | 5.09% | 0.97% | 2.36% | 5.16% | 6.18% |
| Free Cash Flow Margin | -0.22% | 0.06% | 0.09% | 2.13% | 1.80% | -3.99% |
| EBITDA | 671.00M | 557.00M | 467.00M | 196.00M | 890.00M | 624.00M |
| EBITDA Margin | 6.53% | 5.71% | 5.13% | 2.05% | 7.92% | 6.76% |
| D&A For EBITDA | 326.00M | 318.00M | 311.00M | 283.00M | 235.00M | 178.00M |
| EBIT | 345.00M | 239.00M | 156.00M | -87.00M | 655.00M | 446.00M |
| EBIT Margin | 3.36% | 2.45% | 1.71% | -0.91% | 5.83% | 4.83% |
| Effective Tax Rate | 63.41% | 10.22% | ||||
| Revenue as Reported | 10.27B | 9.75B | 9.10B | 9.56B | 11.24B | 9.23B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 145.00M | 178.00M | 98.00M | 56.00M | 199.00M | 75.00M |
| Short-Term Investments | 1.06B | 1.05B | 1.07B | 973.00M | 1.09B | 1.42B |
| Cash & Short-Term Investments | 1.21B | 1.23B | 1.17B | 1.03B | 1.28B | 1.49B |
| Accounts Receivable | 893.00M | 644.00M | 625.00M | 595.00M | 752.00M | 650.00M |
| Other Receivables | 111.00M | 166.00M | 152.00M | 171.00M | 112.00M | |
| Receivables | 893.00M | 755.00M | 791.00M | 749.00M | 923.00M | 762.00M |
| Inventory | 1.81B | 1.51B | 1.41B | 1.46B | 1.67B | 1.66B |
| Other Current Assets | 142.00M | 132.00M | 146.00M | 123.00M | 139.00M | 131.00M |
| Total Current Assets | 4.05B | 3.63B | 3.52B | 3.36B | 4.02B | 4.05B |
| Property, Plant & Equipment | 3.22B | 3.18B | 2.94B | 2.80B | 2.69B | 2.39B |
| Long-Term Investments | 1.01B | 1.00B | 879.00M | 938.00M | 938.00M | 807.00M |
| Goodwill | 166.00M | 168.00M | 164.00M | 160.00M | 154.00M | 163.00M |
| Other Intangible Assets | 26.00M | 31.00M | 45.00M | |||
| Long-Term Deferred Tax Assets | 128.00M | 145.00M | 69.00M | 199.00M | 17.00M | |
| Other Long-Term Assets | 111.00M | 118.00M | 93.00M | 76.00M | 14.00M | 23.00M |
| Total Assets | 8.68B | 8.25B | 7.67B | 7.57B | 7.90B | 7.50B |
| Accounts Payable | 413.00M | 397.00M | 418.00M | 400.00M | 429.00M | 404.00M |
| Accrued Expenses | 204.00M | 203.00M | 218.00M | 219.00M | 203.00M | |
| Short-Term Debt | 623.00M | 458.00M | 314.00M | 255.00M | 457.00M | 516.00M |
| Current Portion of Leases | 127.00M | 153.00M | 163.00M | 168.00M | 212.00M | 194.00M |
| Current Income Taxes Payable | 41.00M | |||||
| Current Unearned Revenue | 94.00M | 77.00M | 83.00M | 66.00M | 70.00M | 108.00M |
| Other Current Liabilities | 428.00M | 221.00M | 226.00M | 187.00M | 142.00M | 127.00M |
| Total Current Liabilities | 1.69B | 1.51B | 1.41B | 1.33B | 1.53B | 1.55B |
| Long-Term Debt | 972.00M | 977.00M | 987.00M | 997.00M | 702.00M | 708.00M |
| Long-Term Leases | 250.00M | 329.00M | 344.00M | 400.00M | 461.00M | 464.00M |
| Pension & Post-Retirement Benefits | 74.00M | 71.00M | 67.00M | 74.00M | 71.00M | 131.00M |
| Long-Term Deferred Tax Liabilities | 42.00M | 31.00M | 32.00M | 32.00M | 99.00M | |
| Other Long-Term Liabilities | 150.00M | 93.00M | 79.00M | 94.00M | 125.00M | 115.00M |
| Total Liabilities | 3.17B | 3.01B | 2.92B | 2.93B | 2.89B | 3.07B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained Earnings | 5.82B | 5.55B | 5.10B | 5.03B | 5.42B | 4.85B |
| Comprehensive Income & Other | -335.00M | -341.00M | -376.00M | -410.00M | -422.00M | -432.00M |
| Total Common Equity | 5.49B | 5.21B | 4.73B | 4.62B | 5.00B | 4.42B |
| Minority Interest | 23.00M | 23.00M | 20.00M | 18.00M | 18.00M | 18.00M |
| Shareholders' Equity | 5.51B | 5.24B | 4.75B | 4.63B | 5.01B | 4.43B |
| Total Liabilities & Equity | 8.68B | 8.25B | 7.67B | 7.57B | 7.90B | 7.50B |
| Total Debt | 1.97B | 1.92B | 1.81B | 1.82B | 1.83B | 1.88B |
| Net Cash (Debt) | -765.00M | -687.00M | -635.00M | -791.00M | -547.00M | -391.00M |
| Net Cash Per Share | -798.63 | -712.57 | -653.93 | -707.74 | -471.24 | -336.84 |
| Filing Date Shares Outstanding | 957.79K | 957.79K | 971.05K | 971.05K | 1.16M | 1.16M |
| Total Common Shares Outstanding | 957.79K | 957.79K | 971.05K | 971.05K | 1.16M | 1.16M |
| Working Capital | 2.36B | 2.12B | 2.11B | 2.03B | 2.49B | 2.50B |
| Book Value Per Share | 5,727.75 | 5,441.67 | 4,869.96 | 4,753.59 | 4,304.01 | 3,804.34 |
| Tangible Book Value | 5.32B | 5.04B | 4.57B | 4.43B | 4.81B | 4.21B |
| Tangible Book Value Per Share | 5,554.43 | 5,266.27 | 4,701.07 | 4,562.05 | 4,144.63 | 3,625.15 |
| Land | 504.00M | 470.00M | 369.00M | 331.00M | 285.00M | |
| Buildings | 878.00M | 859.00M | 802.00M | 779.00M | 739.00M | |
| Machinery | 3.55B | 3.00B | 2.56B | 2.44B | 1.70B | |
| Construction In Progress | 124.00M | 237.00M | 476.00M | 286.00M | 613.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 634.00M | 496.00M | 88.00M | 226.00M | 580.00M | 570.00M |
| Depreciation & Amortization | 326.00M | 318.00M | 311.00M | 283.00M | 235.00M | 178.00M |
| Loss (Gain) From Sale of Investments | -74.00M | -39.00M | -19.00M | -85.00M | 239.00M | -133.00M |
| Loss (Gain) on Equity Investments | -179.00M | -138.00M | -85.00M | -105.00M | -152.00M | -7.00M |
| Other Operating Activities | 30.00M | 31.00M | 236.00M | -29.00M | -31.00M | 76.00M |
| Change in Accounts Receivable | -48.00M | 26.00M | -46.00M | 176.00M | -188.00M | -228.00M |
| Change in Inventory | -246.00M | -93.00M | 61.00M | 200.00M | -20.00M | -462.00M |
| Change in Accounts Payable | 31.00M | -42.00M | -5.00M | -32.00M | 26.00M | 117.00M |
| Change in Other Net Operating Assets | 3.00M | 9.00M | -22.00M | 76.00M | -13.00M | -19.00M |
| Operating Cash Flow | 477.00M | 568.00M | 519.00M | 710.00M | 676.00M | 92.00M |
| Capital Expenditures | -500.00M | -562.00M | -511.00M | -506.00M | -474.00M | -460.00M |
| Sale of Property, Plant & Equipment | 42.00M | 35.00M | 34.00M | 34.00M | 29.00M | 39.00M |
| Cash Acquisitions | -58.00M | -7.00M | ||||
| Investment in Securities | -22.00M | -19.00M | -11.00M | 211.00M | 57.00M | 98.00M |
| Other Investing Activities | 1.00M | 3.00M | 4.00M | -12.00M | 9.00M | 28.00M |
| Investing Cash Flow | -479.00M | -543.00M | -484.00M | -273.00M | -437.00M | -302.00M |
| Short-Term Debt Issued | 951.00M | 1.47B | 1.17B | 1.22B | 807.00M | |
| Long-Term Debt Issued | 310.00M | 1.00M | ||||
| Total Debt Issued | 1.11B | 951.00M | 1.47B | 1.48B | 1.22B | 807.00M |
| Short-Term Debt Repaid | -809.00M | -1.38B | -1.37B | -1.27B | -515.00M | |
| Long-Term Debt Repaid | -49.00M | -59.00M | -65.00M | -52.00M | -69.00M | |
| Total Debt Repaid | -1.06B | -858.00M | -1.44B | -1.44B | -1.32B | -584.00M |
| Net Debt Issued (Repaid) | 52.00M | 93.00M | 30.00M | 47.00M | -104.00M | 223.00M |
| Repurchase of Common Stock | -15.00M | -39.00M | -8.00M | -600.00M | ||
| Common Dividends Paid | -9.00M | -9.00M | -9.00M | -10.00M | -10.00M | -10.00M |
| Other Financing Activities | -1.00M | -1.00M | -1.00M | -18.00M | -2.00M | |
| Financing Cash Flow | 27.00M | 44.00M | 12.00M | -581.00M | -116.00M | 213.00M |
| Foreign Exchange Rate Adjustments | 3.00M | 11.00M | -5.00M | 1.00M | 1.00M | -4.00M |
| Net Cash Flow | 28.00M | 80.00M | 42.00M | -143.00M | 124.00M | -1.00M |
| Free Cash Flow | -23.00M | 6.00M | 8.00M | 204.00M | 202.00M | -368.00M |
| Free Cash Flow Margin | -0.22% | 0.06% | 0.09% | 2.13% | 1.80% | -3.99% |
| Free Cash Flow Per Share | -24.01 | 6.22 | 8.24 | 182.53 | 174.02 | -317.03 |
| Levered Free Cash Flow | -274.38M | -224.38M | -140.50M | 136.38M | -12.62M | -591.38M |
| Unlevered Free Cash Flow | -229.38M | -180.62M | -95.50M | 172.62M | 12.38M | -583.25M |
| Cash Interest Paid | 75.00M | 75.00M | 57.00M | 56.00M | 35.00M | 10.00M |
| Cash Income Tax Paid | -6.00M | 40.00M | 47.00M | 101.00M | 104.00M | |
| Change in Working Capital | -260.00M | -100.00M | -12.00M | 420.00M | -195.00M | -592.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.73B | 4.26B | 2.36B | 3.47B | 4.38B | 4.57B |
| Enterprise Value | 4.49B | 4.94B | 2.99B | 3.51B | 4.94B | 4.68B |
| Last Close Price | 3,889.25 | 4,438.32 | 2,419.05 | 3,544.26 | 3,738.91 | 3,888.08 |
| PE Ratio | 5.88 | 8.59 | 26.81 | 15.34 | 7.55 | 8.01 |
| Forward PE | 15.66 | 15.66 | 15.66 | 15.66 | 15.66 | |
| PS Ratio | 0.36 | 0.44 | 0.26 | 0.36 | 0.39 | 0.49 |
| PB Ratio | 0.68 | 0.81 | 0.50 | 0.75 | 0.87 | 1.03 |
| P/TBV Ratio | 0.70 | 0.84 | 0.52 | 0.78 | 0.91 | 1.08 |
| P/FCF Ratio | 709.65 | 294.92 | 16.99 | 21.69 | ||
| P/OCF Ratio | 7.81 | 7.50 | 4.55 | 4.88 | 6.48 | 49.65 |
| EV/Sales Ratio | 0.44 | 0.51 | 0.33 | 0.37 | 0.44 | 0.51 |
| EV/EBITDA Ratio | 6.69 | 8.87 | 6.41 | 17.92 | 5.54 | 7.50 |
| EV/EBIT Ratio | 13.01 | 20.68 | 19.18 | 7.54 | 10.49 | |
| EV/FCF Ratio | 823.82 | 374.04 | 17.21 | 24.43 | ||
| Debt / Equity Ratio | 0.36 | 0.37 | 0.38 | 0.39 | 0.36 | 0.42 |
| Debt / EBITDA Ratio | 2.32 | 2.58 | 2.73 | 4.57 | 1.67 | 2.28 |
| Debt / FCF Ratio | 319.50 | 226.00 | 8.92 | 9.07 | ||
| Net Debt / Equity Ratio | 0.14 | 0.13 | 0.13 | 0.17 | 0.11 | 0.09 |
| Net Debt / EBITDA Ratio | 1.14 | 1.23 | 1.36 | 4.04 | 0.61 | 0.63 |
| Net Debt / FCF Ratio | -33.26 | 114.50 | 79.38 | 3.88 | 2.71 | -1.06 |
| Asset Turnover | 1.24 | 1.23 | 1.20 | 1.24 | 1.46 | 1.33 |
| Inventory Turnover | 5.65 | 6.20 | 5.94 | 5.90 | 6.13 | 5.92 |
| Quick Ratio | 1.25 | 1.31 | 1.40 | 1.33 | 1.44 | 1.45 |
| Current Ratio | 2.40 | 2.40 | 2.50 | 2.52 | 2.63 | 2.61 |
| Return on Equity (ROE) | 12.33% | 10.04% | 1.92% | 4.71% | 12.32% | 13.82% |
| Return on Assets (ROA) | 2.61% | 1.88% | 1.28% | -0.70% | 5.32% | 4.01% |
| Return on Invested Capital (ROIC) | 5.58% | 4.23% | 1.06% | -1.58% | 12.61% | 9.30% |
| Return on Capital Employed (ROCE) | 4.90% | 3.50% | 2.50% | -1.40% | 10.30% | 7.50% |
| Earnings Yield | 17.02% | 11.65% | 3.73% | 6.52% | 13.23% | 12.48% |
| FCF Yield | -0.62% | 0.14% | 0.34% | 5.88% | 4.61% | -8.06% |
| Dividend Yield | 0.23% | 0.20% | 0.37% | 0.25% | 0.24% | 0.23% |
| Payout Ratio | 1.36% | 1.81% | 10.23% | 4.42% | 1.72% | 1.75% |
| Buyback Yield / Dilution | 1.31% | 0.71% | 13.11% | 3.72% | 0.06% | |
| Total Shareholder Return | 1.54% | 0.92% | 13.48% | 3.97% | 0.24% | 0.29% |