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. In the quarter to June 2026, revenue grew 17.8%, EPS grew 51.8%, free cash flow fell 11.3% and total debt rose 6.33%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

3,922.63 49.18 −1.24%
Market cap
$3.8B
P/E
5.9×
Fwd P/E
0.0×
Dividend yield
0.23%
F-score
8/9
Altman Z
3.38
Beneish M
−2.57
Dividend safety
82/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 74.95%

Capital & Financial Ratios $m

Market Cap 3,800.00
Revenue 10,272.00
Net Income 639.00
Free Cash Flow 19.00
Net Debt 388.00
Current Ratio 2.40 (at or above 1.5: strong)
Debt/Equity 0.29 (at or below 0.5: strong)
P/E ratio 5.93
Fwd P/E 0.00
P/S ratio 0.37
P/B ratio 0.68
Past 5Y EPS Growth 16.07% (at or above 15%: strong)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (98.99%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 0.34%
10-year low 10-year high
P/S against its own 10 years 14.19%
10-year low 10-year high
P/B against its own 10 years 12.42%
10-year low 10-year high
EV/Sales against its own 10 years 24.81%
10-year low 10-year high
EV/FCF against its own 10 years 94.08%
10-year low 10-year high

Dividends

Payout Ratio 0.01
Annual Dividend Rate 9.00
Annual Dividend Yield 0.23%
total individual payouts
2026 6.75
2.25
2.25
2.25
2025 9.00
2.25
2.25
2.25
2.25
2024 9.00
2.25
2.25
2.25
2.25
2023 9.00
2.25
2.25
2.25
2.25
2022 9.00
2.25
2.25
2.25
2.25
2021 9.00
2.25
2.25
2.25
2.25
2020 9.00
2.25
2.25
2.25
2.25
2019 9.00
2.25
2.25
2.25
2.25
2018 6.00
1.50
1.50
1.50
1.50
2017 6.00
1.50
1.50
1.50
1.50
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,029 1,173 1,230 1,207
Receivables 749 791 756 893
Inventory 1,462 1,408 1,513 1,807
Other 123 146 131 142
3,363 3,518 3,630 4,049
2023 2024 2025 Q'26
Payables 400 418 397 413
ST’ Debt 255 314 458 623
Other 298 256 265 428
1,335 1,407 1,510 1,685

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%

Revenue $m

Mar Jun Sep Dec Year
’26 2,400 2,922 — — —
’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 — — —
’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) — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 124.24 159.74 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2,427.01 3,247.00 3,434.71 3,450.53 2,614.00 3,002.00 3,295.00 3,402.38 2,365.00 2,400.00

Analyst estimates 2026–2028

Powerpack
High 4,545.00 4,690.00 4,416.24 4,743.71 4,297.55 4,400.00 4,394.25 4,080.11 3,796.00 4,800.00
People
People Employees 12,000 11,800 12,600 13,100 13,100 13,200 12,614 12,847 14,000 14,000
Revenue/emp, $m 0.45 0.49 0.52 0.52 0.54 0.70 0.89 0.74 0.65 0.70
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
Gross margin, % 9.24 9.45 8.35 6.52 8.06 8.86 9.16 3.30 6.33 7.11
EBT 384 427 11 290 286 636 579 107 246 410
EBT margin, % 7.14 7.35 0.17 4.24 4.01 6.89 5.15 1.12 2.70 4.21
Net income 314 246 3 287 283 571 582 227 90 501
Depreciation 102 118 134 138 172 178 235 283 311 318
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
Earnings 266.50 211.01 2.56 242.78 244.21 490.36 499.66 202.21 90.62 514.46
Cash flow 364.65 209.22 203.25 146.66 250.65 79.24 578.77 635.06 534.50 589.21
Capex (94.79) (147.74) (138.34) (292.45) (219.64) (362.62) (380.99) (422.18) (491.25) (546.68)
Free cash flow 269.85 61.49 64.90 (145.80) 31.01 (283.38) 197.77 212.88 43.25 42.53
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
Shares, m 1 1 1 1 1 1 1 1 1 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
P/S 0.87 0.88 0.63 0.72 0.49 0.50 0.38 0.42 0.26 0.44
P/B 1.48 1.50 1.24 1.38 0.92 1.03 0.86 0.87 0.50 0.82
EV/Sales 0.72 0.68 0.54 0.65 0.42 0.47 0.37 0.44 0.27 0.46
EV/FCF 12.22 55.03 46.57 (26.09) 82.28 (13.07) 18.04 17.85 59.22 109.51
Cash, $m
Cash, $m Operating cash flow 427 245 238 171 291 92 676 710 519 568
Capex (111) (173) (162) (341) (255) (421) (445) (472) (477) (527)
Free cash flow 316 72 76 (170) 36 (329) 231 238 42 41
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
Total debt 516 535 926 1,038 984 1,224 1,159 1,252 1,301 1,435
Net debt (838) (1,157) (604) (521) (557) (267) (126) 223 128 205
Shareholders’ equity 3,175 3,408 3,329 3,601 3,828 4,434 5,014 4,634 4,749 5,235
Returns, %
Returns, % ROA 6.79 4.98 0.06 4.92 4.44 8.20 7.53 2.92 1.16 6.23
ROIC 6.15 6.66 5.41 2.23 4.68 6.87 8.40 (1.12) 2.00 2.75
ROE 10.30 7.50 0.09 8.28 7.62 13.80 12.28 4.68 1.88 9.94
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $8.7B 17.2× 23.4× +6.49% (above 0%: growing) n/m −16.58% (below 0%: shrinking) 30.47% 14.85% Compare
BBUC Brookfield Business Partners L.P. $5.5B — (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
PAM Pampa Energia S.A. $4.3B 7.7× 8.5× +53.50% (above 0%: growing) +358.57% (above 0%: growing) +82.43% (above 0%: growing) 35.39% 25.20% Compare
SEB Seaboard Corporation $3.8B 5.9× — (loss-making) +17.82% (above 0%: growing) +51.82% (above 0%: growing) −11.29% (below 0%: shrinking) 7.56% 3.42%
OTTR Otter Tail Corporation $3.8B 19.3× 14.9× +0.40% (above 0%: growing) n/m −145.61% (below 0%: shrinking) 57.45% (7.24%) Compare
DLX Deluxe Corporation $1.1B 10.3× 8.7× −4.22% (below 0%: shrinking) −18.00% (below 0%: shrinking) +110.79% (above 0%: growing) 51.99% 11.16% Compare
FBYD Falcon's Beyond Global, Inc. $1.0B — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
CRESY Cresud S.A.C.I.F. y A. $807.9M 4.9× — −1.49% (below 0%: shrinking) −69.01% (below 0%: shrinking) −461.41% (below 0%: shrinking) 46.69% (49.10%) Compare
CODI Compass Diversified Holdings $799.0M — (loss-making) — (loss-making) −11.42% (below 0%: shrinking) n/m +150.97% (above 0%: growing) 47.16% 6.83% Compare
Median of peers $2.4B 10.3× 11.8× −0.54% +16.00% +32.93% 46.93% 9.00%

All 28 Conglomerates stocks →

Seaboard Corporation (SEB) key facts

  • Strength: Seaboard Corporation’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, up 7.10% from fiscal 2024.
  • Seaboard Corporation (SEB) is a Conglomerates company in the Industrials sector, listed on NYSE American.
  • As of October 16, 2026, SEB traded at $3,922.63, a market capitalization of $3.8 billion.
  • Seaboard Corporation pays an annual dividend of $9.00 per share, a yield of 0.23%, with a payout ratio of 1.36%.
  • Return on equity was 9.94% and debt-to-equity 0.29.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.38 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Seaboard Corporation (SEB) Latest News

30 Oct

30 Apr

stockrow.com/SEB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com