Friday 6 November 2026
Export SEB’s income statement to Excel — free account
Seaboard Corporation
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%
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Analyst price targets
Free accountTen 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
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% |
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
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2 Dec
29 Jul
13 Feb
29 Oct
30 Jul
SEB metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score