Hormel Foods vs Seaboard
Hormel Foods is the larger business, with $12.11bn of revenue in fiscal 2025 against $9.75bn for Seaboard (1.2 times as much). Seaboard grew faster (7.1% against 1.6%). Seaboard kept more of each dollar of sales as profit: a net margin of 5.1% against 4.0%. Seaboard carries less debt relative to equity (27.5% against 36.2%).
| Latest fiscal year | Hormel FoodsHRL, 2025 | SeaboardSEB, 2025 |
|---|---|---|
| Revenue | $12.11bn | $9.75bn |
| Revenue growth | 1.6% | 7.1% |
| Net income | $478m | $496m |
| Operating margin | 5.9% | 2.5% |
| Net margin | 4.0% | 5.1% |
| Return on equity | 6.0% | 10.0% |
| Free cash flow | $534m | $6.0m |
| Cash | $671m | $178m |
| Total debt | $2.86bn | $1.44bn |
| Debt to equity | 36.2% | 27.5% |
| Dividend per share | $1.16 | $9.00 |
| Dividend yield | 5.4% | 0.3% |
| Share buybacks | $0 | $39.0m |
| Employees | 20,000 | 14,000 |
| Market value | $11.83bn | $3.58bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 64 (Moderate) | 41 (Weak) |
| Insider trades, 12 months | 1 buys, 2 sales | 0 buys, 0 sales |