Seaboard Corporation

SEB Industrials Conglomerates

Seaboard Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, up 7.10% from fiscal 2024.

Revenue
+9.09%
EPS
−73.4%
Free cash flow
+6.17%
Total debt
+12.4%

Quarter to September 2026, against a year earlier

3,415.13 27.62 −0.80%
Market cap
$3.3B
P/E
5.9×
Fwd P/E
0.0×
Dividend yield
0.26%
F-score
8/9
Altman Z
3.38
Beneish M
−2.57
Dividend safety
82/100

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 74.95%

Capital & Financial Ratios $m

Size
Market Cap 3,270.00
Revenue ttm 10,503.00
Net income ttm 558.00
Free cash flow ttm 29.00
Net debt Q 208.00
Valuation
P/E 5.90
Forward P/E 0.00
Price / sales 0.31
Forward P/S Powerpack
Price / FCF 112.82
Price / book 0.59
Financial health
Current ratio Q 2.36 (at or above 1.5: strong)
Debt / equity Q 0.30 (at or below 0.5: strong)
Interest coverage Q 0.62
Growth
Revenue growth Q +9.09% (above 0%: growing)
Operating income growth Q −84.52% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A −98.99% (below 0%: weak)
EPS, past 5 yrs +16.07% (at or above 15%: strong)
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 0.19%
10-year low 10-year high
P/S against its own 10 years 6.45%
10-year low 10-year high
P/B against its own 10 years 5.90%
10-year low 10-year high
EV/Sales against its own 10 years 5.90%
10-year low 10-year high
EV/FCF against its own 10 years 88.32%
10-year low 10-year high

Dividends

Yield
0.26%
Annual rate
9.00
Payout ratio
1.56%
Growth, 2018–26
+1.48%/yr
  1. 6.00 ’18
  2. 9.00 ’19 +50
  3. 9.00 ’20 +0
  4. 9.00 ’21 +0
  5. 9.00 ’22 +0
  6. 9.00 ’23 +0
  7. 9.00 ’24 +0
  8. 9.00 ’25 +0
  9. 6.75 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,029 1,173 1,230 1,472
Receivables 749 791 756 805
Inventory 1,462 1,408 1,513 1,751
Other 123 146 131 176
3,363 3,518 3,630 4,204
2023 2024 2025 Q'26
Payables 400 418 397 389
ST’ Debt 255 314 458 711
Other 298 256 265 437
1,335 1,407 1,510 1,785

Compound Annual Growth %

10y 5y 3y
Sales 5.71% 6.46% (4.65%)
Cash Flow 3.16% 14.31% (5.64%)
Earnings 11.24% 11.88% (5.08%)
Book Value 6.15% 6.46% 1.45%

EPS $

Mar Jun Sep Dec Year
’26 124.24 159.74 30.27 — —
’25 32.95 105.22 113.71 264.13 514.46
’24 22.66 62.82 (153.44) 158.58 90.62
’23 (13.78) 44.80 108.55 64.67 202.21
’22 89.28 92.53 125.78 192.11 499.66
’21 154.03 151.56 81.50 103.27 490.36
’20 (88.43) (22.35) 126.17 222.52 244.21
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,400 2,922 2,771 — —
’25 2,316 2,480 2,540 2,410 9,746
’24 2,191 2,209 2,218 2,482 9,100
’23 2,499 2,393 2,388 2,282 9,562
’22 2,709 2,973 2,895 2,666 11,243
’21 2,059 2,430 2,276 2,464 9,229
’20 1,683 1,808 1,645 1,990 7,126
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (54) 24 266 — —
’25 (20) 81 319 188 568
’24 19 6 194 300 519
’23 93 111 377 129 710
’22 106 11 260 299 676
’21 (150) 82 164 (4) 92
’20 (106) 106 34 257 291
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (136) (69) 172 — —
’25 (121) (62) 162 62 41
’24 (79) (118) 66 173 42
’23 (4) 9 260 (27) 238
’22 (48) (95) 175 199 231
’21 (246) (31) 79 (131) (329)
’20 (161) 55 (17) 159 36
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,379 5,809 6,583 6,840 7,126 9,229 11,243 9,562 9,100 9,746 10,503 +6.8% — — — —
Gross margin, % 9.24 9.45 8.35 6.52 8.06 8.86 9.16 3.30 6.33 7.11 7.25 (2.1) pt
EBT 384 427 11 290 286 636 579 107 246 410 519 +0.7%
EBT margin, % 7.14 7.35 0.17 4.24 4.01 6.89 5.15 1.12 2.70 4.21 4.94 (2.9) pt
Net income 314 246 3 287 283 571 582 227 90 501 558 +5.3%
Per share, $
Per share, $ Revenue 4,593.51 4,960.72 5,621.69 5,866.21 6,137.81 7,949.18 9,625.86 8,552.77 9,371.78 10,109.96 10,963.47 +9.2%
Earnings 266.50 211.01 2.56 242.78 244.21 490.36 499.66 202.21 90.62 514.46 578.38 +7.6%
Cash flow 364.65 209.22 203.25 146.66 250.65 79.24 578.77 635.06 534.50 589.21 442.59 +5.5%
Capex (94.79) (147.74) (138.34) (292.45) (219.64) (362.62) (380.99) (422.18) (491.25) (546.68) (412.32) +21.5%
Free cash flow 269.85 61.49 64.90 (145.80) 31.01 (283.38) 197.77 212.88 43.25 42.53 30.27 (18.6%)
Book value 2,711.36 2,910.33 2,842.87 3,088.34 3,297.16 3,819.12 4,292.81 4,144.90 4,890.83 5,430.50 5,777.66 +8.0%
Shares, m 1 1 1 1 1 1 1 1 1 1 1 (2.1%)
Valuation, ×
Valuation, × P/E 15.05 20.73 1,130.82 17.50 12.74 8.02 7.35 17.63 26.81 8.61 5.90 126.5
P/S 0.87 0.88 0.63 0.72 0.49 0.50 0.38 0.42 0.26 0.44 0.31 0.6
P/B 1.48 1.50 1.24 1.38 0.92 1.03 0.86 0.87 0.50 0.82 0.59 1.1
EV/Sales 0.72 0.68 0.54 0.65 0.42 0.47 0.37 0.44 0.27 0.46 0.33 0.5
EV/FCF 12.22 55.03 46.57 (26.09) 82.28 (13.07) 18.04 17.85 59.22 109.51 119.99 36.2
Cash, $m
Cash, $m Operating cash flow 427 245 238 171 291 92 676 710 519 568 424 +3.2%
Capex (111) (173) (162) (341) (255) (421) (445) (472) (477) (527) (395) +18.9%
Free cash flow 316 72 76 (170) 36 (329) 231 238 42 41 29 (20.3%)
Balance, $m
Balance, $m Working capital 2,063 2,310 2,243 2,225 2,278 2,495 2,488 2,028 2,111 2,120 2,419 +0.3%
Net debt (838) (1,157) (604) (521) (557) (267) (126) 223 128 205 208 n/m
Shareholders’ equity 3,175 3,408 3,329 3,601 3,828 4,434 5,014 4,634 4,749 5,235 5,535 +5.7%
Returns, %
Returns, % ROA 6.79 4.98 0.06 4.92 4.44 8.20 7.53 2.92 1.16 6.23 6.61 (0.6) pt
ROIC 6.15 6.66 5.41 2.23 4.68 6.87 8.40 (1.12) 2.00 2.75 2.98 (3.4) pt
ROE 10.30 7.50 0.09 8.28 7.62 13.80 12.28 4.68 1.88 9.94 10.53 (0.4) pt
People
People Employees 12,000 11,800 12,600 13,100 13,100 13,200 12,614 12,847 14,000 14,000 — +1.7%
Revenue/emp, $m 0.45 0.49 0.52 0.52 0.54 0.70 0.89 0.74 0.65 0.70 — +5.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Seaboard Corporation vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VMI Valmont Industries, Inc. $7.6B 14.7× 18.2× +5.53% (above 0%: growing) +25.30% (above 0%: growing) −22.73% (below 0%: shrinking) 30.02% 15.66% Compare
BBUC Brookfield Business Partners L.P. $6.2B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
GHC Graham Holdings Company $5.1B 10.6× 15.5× +3.69% (above 0%: growing) −36.89% (below 0%: shrinking) −42.93% (below 0%: shrinking) 29.58% 6.45% Compare
PAM Pampa Energia S.A. $3.4B 5.1× 7.2× +33.67% (above 0%: growing) +491.30% (above 0%: growing) −965.12% (below 0%: shrinking) 32.91% 18.99% Compare
OTTR Otter Tail Corporation $3.4B 19.0× 21.9× −1.55% (below 0%: shrinking) −24.21% (below 0%: shrinking) +28.54% (above 0%: growing) 54.41% 21.50% Compare
SEB Seaboard Corporation $3.3B 5.9× — (loss-making) +9.09% (above 0%: growing) −73.38% (below 0%: shrinking) +6.17% (above 0%: growing) 4.76% 0.47%
DLX Deluxe Corporation $1.3B 16.1× 9.3× +2.53% (above 0%: growing) −62.16% (below 0%: shrinking) +11.71% (above 0%: growing) 51.92% 9.51% Compare
CODI Compass Diversified Holdings $863.0M — (loss-making) — (loss-making) −11.42% (below 0%: shrinking) n/m +150.97% (above 0%: growing) 47.16% 6.83% Compare
FBYD Falcon's Beyond Global, Inc. $821.5M — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
Median of peers $3.4B 14.7× 15.5× +3.11% +0.54% −5.51% 40.04% 12.33%

All 29 Conglomerates stocks →

Pay and ownership Proxy statement filed 6 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.00m 4.98m 148.56
2024 6.18m 4.44m 57.90
2023 5.68m 4.08m 84.84
2022 5.38m 4.37m 89.49
2021 5.65m 4.24m 93.07
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Seaboard Corporation (SEB) Latest News

28 Oct

Impact 3 · · Associated Press Finance

19 Oct

5 May

28 Mar

12 Feb

Impact 4 · · Associated Press Finance
Impact 4 · · PR NewswireSimply Wall St.Insider MonkeyMotley FoolMT Newswires

2 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

1 Dec

29 Jul

Impact 4 · · Associated Press Finance

22 May

Impact 3 · · TipRanks

28 Apr

16 Feb

13 Feb

Impact 3 · · Associated Press Finance

30 Oct

Impact 4 · · Insider Monkey

29 Oct

Impact 4 · · Associated Press Finance

30 Jul

Impact 3 · · Associated Press Finance

30 Apr

Impact 3 · · PR Newswire

15 Apr

SEB metrics, ten years each

stockrow.com/SEB · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com