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Seaboard Corp (SEB) stock

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NYSE: SEB NYSE Packaged Foods & Meats Next results ~November 3, 2026

C+ Fundamentals grade

Seaboard Corp is a US-listed company in the packaged foods & meats industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($614.64) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($614.64) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Seaboard Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds90 adding, 100 cuttingOf 35 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Seaboard files

Where Seaboard stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $10.3bn, up 8.2% on a year earlier, faster than 6.6% a quarter earlier. Free-cash-flow margin held at -0.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $-829.22 a share, against a share price of $3,842.

Our model value for Seaboard is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Seaboard Corp's trailing-twelve-month revenue grew 8.2% year on year, with a free-cash-flow margin of -0.2%. Where it stands out: net margin of 6.2% ranks 8 of 44 packaged foods & meats companies we cover. Where it lags: gross margin of 8.1% ranks 41 of 43 packaged foods & meats companies we cover.

Our discounted-cash-flow model values the business at ~$610 per share in the base case (~$340–$980 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net income rising while operating cash flow falls: TTM net income grew 356.1% while operating cash flow fell 14.1% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.3% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Burning cash. Free cash flow was -0.2% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -4% of net income over the last 12 months.
  • Below peers: gross margin. Gross margin of 8.1% ranks 41 of 43 packaged foods & meats companies we cover (median 25.6%).

Latest results: FY2026 Q2

Filed August 4, 2026
Revenue
$2.92bn, up 17.8% on a year earlier
Share reaction
-2.0% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 2, 2026

Seaboard's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.0%
  • 1 week-3.3%
  • 1 month-7.2%
  • This year-15.9%
  • 1 year+11.0%
  • 5 years-5.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$10.3B
Operating margin
3.4%
Net margin
6.2%
EPS (TTM, diluted)
$661.87

Growth

Revenue growth
+8.2%
Change in growth rate
+1.6 pts
Share count change
−1.3%

Cash

Free cash flow (TTM)
-$23M
FCF margin
-0.2%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Seaboard Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($614.64) was left out of our combined valuation (it is 0.17x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Seaboard Corp's free cash flow after stock-based pay ( $57.5M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Seaboard Corp as an operating company, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.44 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$610 ~$340–$980 Left out: out of range vs price (0.16x)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$5800 ~$8600–$20000 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$6500 ~$4000–$11000 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$6800 ~$5500–$9100 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Seaboard Corp with Packaged Foods & Meats in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$2830.21$3863.90$4318.15$3469.74$4177.77$2987.66$3888.08$3738.91$3544.26$2419.05$4438.32$3733.72
Market value$3.3bn$4.5bn$5.1bn$4.1bn$4.9bn$3.5bn$4.5bn$4.3bn$4.0bn$2.3bn$4.3bn$3.6bn
+ Net debt (− = net cash)$473m$440m$420m$585m$668m$687m$1.2bn$960m$1.2bn$1.2bn$1.3bn$1.4bn
Enterprise value$3.8bn$5.0bn$5.5bn$4.6bn$5.5bn$4.2bn$5.7bn$5.3bn$5.2bn$3.6bn$5.5bn$5.0bn
Multiples
Price / sales 0.6x0.8x0.9x0.6x0.7x0.5x0.5x0.4x0.4x0.3x0.4x0.3x
Price / earnings 19.4x14.5x20.5xn/m17.0x12.3x7.9x7.5x17.5x26.7x8.6x5.6x
Price / free cash flow 12.0x16.8x70.2x53.4x—108.4x—21.5x19.4xn/mn/m—
EV / EBITDA 17.4x14.9x15.3x12.6x22.3x10.0x8.9x5.9x26.3x7.6x9.9x7.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Seaboard's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 4.4% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 7.5%, moving by 1.6 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 3.3%; its worst year was 1.6%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 6 of 10 years, at a median 0.1% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 17.5% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Seaboard Corp: too few analysts cover it.

Management guidance

Earnings release, August 4, 2026

No numeric guidance in Seaboard Corp's latest earnings release (filed August 4, 2026). Some companies give their outlook only on the earnings call.

Positioning

Short interest
8.1%
of tradable shares
Days to cover
1.97
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
26%
of shares
Held by insiders
74.6%
of shares
Employees
14,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +11.0%

$3363.05 on October 31, 2025 to $3733.72

ThenNowEffect
Revenue (last 12 months) $9.5bn $10.3bn +8.2%
Net margin 1.5% 6.2% +321.7%
P/E multiple 23.5x 5.6x −76.0%
Share count 1m 1m +1.3%

Biggest factor: net margin.

Last 3 years +4.5%

$3571.71 on November 3, 2023 to $3733.72

ThenNowEffect
Revenue (last 12 months) $10.5bn $10.3bn −1.7%
Net margin 3.9% 6.2% +59.3%
P/E multiple 10.2x 5.6x −44.9%
Share count 1m 1m +21.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SEB+30%−4%−5%−32%+84%−16%
Industry peers (median)+8%−3%−4%−2%−19%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SEB75%50%58%42%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SEB−13%−21%−14%−36%−20%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 48% from April 23, 2019 to December 30, 2024. Getting back needed a 94% gain, reached on November 26, 2025, 331 days after the low.

Price behaviour

52-week range
$3591.07 – $5952.90
From 52-week high
−37.3%
vs 50-day average
−7.8%
vs 200-day average
−21.6%
Volatility (1 year)
36%
Beta vs S&P 500
-0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±3.6%
After a week
4 up, 8 down
typical move ±7.1%
After a month
4 up, 8 down
typical move ±8.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −2.0% +1.6% −5.1% −2.9%
May 5, 2026 −12.2% +2.2% −16.9% −4.0%
February 12, 2026 −3.5% −1.5% −11.4% −10.1%
October 28, 2025 −3.1% +0.3% +8.6% +40.1%
July 29, 2025 +3.0% −0.4% +11.4% +20.8%
April 28, 2025 −0.4% +0.7% −0.5% +3.3%
February 13, 2025 +9.9% +1.1% +7.9% +2.2%
October 29, 2024 −3.2% −0.1% −8.2% −10.4%
July 30, 2024 +2.1% +1.1% −2.9% −1.9%
April 30, 2024 −1.4% −1.9% −2.1% −0.2%
February 13, 2024 −1.8% −0.5% −6.1% −9.1%
October 30, 2023 −0.5% +1.8% +3.7% −0.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Seaboard Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Seaboard Corp
$8.5B $9B $9.5B $10B $10.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $9.9B Revenue (TTM), FY23 Q4: $9.6B Revenue (TTM), FY24 Q1: $9.3B Revenue (TTM), FY24 Q2: $9.1B Revenue (TTM), FY24 Q3: $8.9B Revenue (TTM), FY24 Q4: $9.1B Revenue (TTM), FY25 Q1: $9.2B Revenue (TTM), FY25 Q2: $9.5B Revenue (TTM), FY25 Q3: $9.8B Revenue (TTM), FY25 Q4: $9.7B Revenue (TTM), FY26 Q1: $9.8B Revenue (TTM), FY26 Q2: $10.3B $10.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $9.9B
FY23 Q4 $9.6B
FY24 Q1 $9.3B
FY24 Q2 $9.1B
FY24 Q3 $8.9B
FY24 Q4 $9.1B
FY25 Q1 $9.2B
FY25 Q2 $9.5B
FY25 Q3 $9.8B
FY25 Q4 $9.7B
FY26 Q1 $9.8B
FY26 Q2 $10.3B
Revenue growth, TTM YoY Seaboard Corp
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -9.9% Revenue growth, TTM YoY, FY23 Q4: -15.0% Revenue growth, TTM YoY, FY24 Q1: -16.1% Revenue growth, TTM YoY, FY24 Q2: -13.2% Revenue growth, TTM YoY, FY24 Q3: -10.5% Revenue growth, TTM YoY, FY24 Q4: -4.8% Revenue growth, TTM YoY, FY25 Q1: -0.3% Revenue growth, TTM YoY, FY25 Q2: 4.7% Revenue growth, TTM YoY, FY25 Q3: 10.3% Revenue growth, TTM YoY, FY25 Q4: 7.1% Revenue growth, TTM YoY, FY26 Q1: 6.6% Revenue growth, TTM YoY, FY26 Q2: 8.2% 8.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -9.9%
FY23 Q4 -15.0%
FY24 Q1 -16.1%
FY24 Q2 -13.2%
FY24 Q3 -10.5%
FY24 Q4 -4.8%
FY25 Q1 -0.3%
FY25 Q2 4.7%
FY25 Q3 10.3%
FY25 Q4 7.1%
FY26 Q1 6.6%
FY26 Q2 8.2%
Operating margin (TTM) Seaboard Corp
0% 2% 4% 6% FY22 Q3 FY23 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY22 Q3: 5.3% Operating margin (TTM), FY22 Q4: 5.8% Operating margin (TTM), FY23 Q1: 4.1% Operating margin (TTM), FY23 Q2: 2.4% Operating margin (TTM), FY23 Q3: 1.6% Operating margin (TTM), FY24 Q4: 1.7% Operating margin (TTM), FY25 Q1: 2.3% Operating margin (TTM), FY25 Q2: 2.5% Operating margin (TTM), FY25 Q3: 2.9% Operating margin (TTM), FY25 Q4: 2.5% Operating margin (TTM), FY26 Q1: 3.0% Operating margin (TTM), FY26 Q2: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q3 5.3%
FY22 Q4 5.8%
FY23 Q1 4.1%
FY23 Q2 2.4%
FY23 Q3 1.6%
FY24 Q4 1.7%
FY25 Q1 2.3%
FY25 Q2 2.5%
FY25 Q3 2.9%
FY25 Q4 2.5%
FY26 Q1 3.0%
FY26 Q2 3.4%
FCF margin (TTM) Seaboard Corp
-4% -2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 4.3% FCF margin (TTM), FY23 Q4: 2.1% FCF margin (TTM), FY24 Q1: 1.5% FCF margin (TTM), FY24 Q2: 0.1% FCF margin (TTM), FY24 Q3: -2.1% FCF margin (TTM), FY24 Q4: 0.1% FCF margin (TTM), FY25 Q1: -0.4% FCF margin (TTM), FY25 Q2: 0.2% FCF margin (TTM), FY25 Q3: 1.2% FCF margin (TTM), FY25 Q4: 0.1% FCF margin (TTM), FY26 Q1: -0.2% FCF margin (TTM), FY26 Q2: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 4.3%
FY23 Q4 2.1%
FY24 Q1 1.5%
FY24 Q2 0.1%
FY24 Q3 -2.1%
FY24 Q4 0.1%
FY25 Q1 -0.4%
FY25 Q2 0.2%
FY25 Q3 1.2%
FY25 Q4 0.1%
FY26 Q1 -0.2%
FY26 Q2 -0.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jul 2026
Income
Revenue 3.6 4.4 5.7 6.2 6.7 6.5 5.6 5.4 5.8 6.6 6.8 7.1 9.2 11.2 9.6 9.1 9.7 10.3
Gross profit 0.2 0.5 0.6 0.6 0.5 0.7 0.4 0.5 0.5 0.6 0.4 0.6 0.8 1.0 0.3 0.6 0.7 0.8
EBITDA 0.1 0.4 0.5 0.4 0.3 0.5 0.2 0.3 0.4 0.4 0.2 0.4 0.6 0.9 0.2 0.5 0.6 0.7
Operating income 0.0 0.3 0.4 0.3 0.2 0.4 0.1 0.2 0.2 0.2 0.1 0.2 0.5 0.7 −0.1 0.2 0.2 0.3
Net income 0.1 0.3 0.3 0.3 0.2 0.4 0.2 0.3 0.2 0.0 0.3 0.3 0.6 0.6 0.2 0.1 0.5 0.6
Diluted EPS — — — — — — — — — — — — — $499.66 $202.21 $90.62 $514.46 $661.87
Growth (year on year)
Revenue — +21.8% +31.0% +7.7% +7.8% −3.0% −13.6% −3.8% +8.0% +13.3% +3.9% +4.2% +29.5% +21.8% −15.0% −4.8% +7.1% +8.2%
EBITDA — +252.9% +19.8% −18.1% −25.7% +73.7% −57.9% +53.0% +7.8% +3.4% −33.0% +68.1% +52.5% +40.3% −78.0% +138.3% +19.3% +19.2%
Operating income — — +26.8% −24.0% −34.1% +107.8% −70.3% +82.5% +4.3% −1.7% −53.4% — +86.9% +43.4% −113.2% — — +46.2%
Net income — +206.7% +21.9% −18.4% −24.9% +73.1% −53.4% +82.5% −20.8% −98.8% — −1.4% +101.4% +1.8% −61.0% −61.1% — —
Diluted EPS — — — — — — — — — — — — — — −59.5% −55.2% — —
Margins
Gross margin 6.0% 12.0% 10.9% 9.1% 7.0% 10.5% 7.1% 9.2% 9.5% 8.4% 6.5% 8.1% 8.9% 9.2% 3.3% 6.3% 7.1% 8.1%
EBITDA margin 3.2% 9.3% 8.5% 6.5% 4.5% 8.0% 3.9% 6.2% 6.2% 5.6% 3.6% 5.9% 6.9% 7.9% 2.0% 5.1% 5.7% 6.5%
Operating margin 0.7% 7.3% 7.1% 5.0% 3.1% 6.6% 2.3% 4.3% 4.1% 3.6% 1.6% 3.4% 5.0% 5.8% −0.9% 1.7% 2.5% 3.4%
Net margin 2.6% 6.5% 6.0% 4.6% 3.2% 5.7% 3.1% 5.8% 4.3% 0.0% 4.2% 4.0% 6.2% 5.2% 2.4% 1.0% 5.1% 6.2%
Free-cash-flow margin 5.3% 5.4% 0.6% 1.7% −0.4% 3.9% 5.0% 5.0% 1.2% 1.2% −2.6% 0.4% −4.0% 1.8% 2.1% 0.1% 0.1% −0.2%
Cash flow
Cash from operations 0.2 0.3 0.2 0.3 0.1 0.4 0.4 0.4 0.2 0.2 0.2 0.3 0.1 0.7 0.7 0.5 0.6 0.5
Capital spending 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.5 0.5 0.5 0.5 0.6 0.5
Free cash flow 0.2 0.2 0.0 0.1 −0.0 0.3 0.3 0.3 0.1 0.1 −0.2 0.0 −0.4 0.2 0.2 0.0 0.0 −0.0
Balance sheet
Cash 0.1 0.0 0.1 0.0 0.1 0.0 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.2 0.1 0.1 0.2 0.1
Total debt 0.0 0.1 0.2 0.1 0.1 0.1 0.5 0.5 0.5 0.8 0.8 0.8 1.2 1.2 1.3 1.3 1.4 1.6
Net debt (negative = net cash) −0.1 0.1 0.1 0.1 0.0 0.1 0.5 0.4 0.4 0.6 0.7 0.7 1.2 1.0 1.2 1.2 1.3 1.5
Diluted shares 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m 1m — — —
Returned to shareholders
Dividends 0.0 0.0 — 0.0 — — — — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Buybacks 0.0 0.0 0.0 0.0 0.0 0.1 — — — 0.0 0.0 0.0 — — 0.6 0.0 0.0 —
Total returned 0.0 0.0 0.0 0.0 0.0 0.1 — — 0.0 0.0 0.0 0.0 0.0 0.0 0.6 0.0 0.0 0.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · July 4, 2026
What it owns · $8.7bn
Short-term assets $4.0bnLonger-term assets $4.6bn
What it owes, and who funded it · $8.7bn
Short-term liabilities $1.7bnLonger-term liabilities $1.5bnShareholders' equity $5.5bn
  • Short-term assets cover short-term liabilities $4.0bn of assets due within a year against $1.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.0bn short-term assets against $1.5bn of longer-dated liabilities.
  • More cash than debt $145m of cash against $972m of debt.
  • Debt below 40% of shareholders' equity Debt is 18% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 16% to 18% over five years.
  • A year's operating cash flow covers at least 20% of debt $477m of operating cash flow against $972m of debt.
  • Operating profit covers interest at least five times over Operating income of $345m against $72m of interest.

From Seaboard Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$9M
Buybacks, last 3 fiscal years
$647M
Diluted share count
−1.3%
year over year
Total shareholder yield
0.3%
dividends 0.3% + buybacks 0.0% of market value
Dividend payout ratio
1%
of net income paid out
Sales & admin spending
4.7%
of revenue
Days sales outstanding
28 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in packaged foods & meats
Last 12 months unless stated SEB CPB CAG SJM HRL HSY Median
Revenue, last 12 months $10.3bn $9.7bn $11.2bn $9.2bn $12.1bn $12.3bn $1.5bn
Revenue growth, last 12 months 8.2% −5.0% −1.8% 5.1% 0.7% 6.7% 2.1%
Revenue growth, 3-year average −0.6% 1.4% −2.9% 2.7% −0.1% 3.2% 1.5%
Revenue growth, latest quarter 17.8% −7.9% −1.4% 5.0% −2.4% 3.0% −1.8%
Gross margin 8.1% 28.1% 23.8% 38.7% 15.7% 41.9% 25.6%
Operating margin 3.4% 8.7% −15.2% 9.0% 4.7% 20.8% 3.1%
Operating margin, 3-year average 2.8% 10.0% 0.8% 4.6% 7.3% 19.9% 4.8%
Net margin 6.2% 4.1% −17.0% 2.5% 2.8% 14.6% 2.1%
Cash from operations / revenue 4.6% 10.7% 11.4% 20.9% 9.0% 20.9% 8.0%
Free-cash-flow margin −0.2% 6.4% 7.8% 17.3% 6.4% 17.3% 3.9%
Free-cash-flow margin, 3-year average 0.0% 6.2% 10.0% 10.8% 6.4% 16.1% 5.7%
Stock pay / revenue — 0.6% 0.4% 0.3% 0.2% 0.6% 0.6%
Change in share count −1.3% 0.0% −0.1% −0.7% 0.1% −1.9% 0.0%

Median of all 44 companies we cover in packaged foods & meats. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 packaged foods & meats companies
Measure Company Peer median Rank
Revenue growth Growth 8.2% 2.2% 12 of 44
Change in growth rate Growth +1.6pp -1.0pp 10 of 44
Gross margin Profitability 8.1% 25.6% 41 of 43
Operating margin Profitability 3.4% 3.4% 21 of 42
Net margin Profitability 6.2% 2.3% 8 of 44
Free-cash-flow margin Cash generation -0.2% 4.3% 29 of 43
Long-term debt as % of assets Balance sheet 11.2% 18.5% 11 of 35
Change in share count Balance sheet -1.3% 0.1% 12 of 40
Days sales outstanding Balance sheet 28 days 33 days 15 of 35

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Commodity Trading and Milling $5.2B 53.1% ▲ 9.7%
Pork $2B 20.7% ▼ 1.8%
Marine $1.6B 16.5% ▲ 15.6%
Liquid Fuels $605M 6.2% ▲ 8.8%
Power $232M 2.4% ▼ 2.9%
Corporate and Other $113M 1.2% ▼ 22.1%
Products and services
Line of business Revenue YoY
Products $7.8B ▲ 5.7%
Services $1.7B ▲ 15.8%
Transportation $1.6B ▲ 15.8%
Other $237M ▼ 3.7%
Energy Service $237M ▼ 3.7%
Product and Service Other Services $77M ▲ 16.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Caribbean Central and South America $4.4B 45.1% ▲ 12.7%
Africa $2.5B 26.1% ▲ 4.9%
United States $2.1B 22.0% ▲ 1.6%
Segment Geographical Groups of Countries Group Three $341M 3.5% ▲ 4.3%
Segment Geographical Groups of Countries Group Four $227M 2.3% ▼ 11.7%
Segment Geographical Groups of Countries Group Six $82M 0.8% 0.0%
All Other Countries $19M 0.2% ▲ 280.0%

From Seaboard Corp's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.1B
Institutions reporting
213
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
32 / 27

Top buyers and sellers, Q2 2026: 90 institutions bought and 100 sold ; the biggest buyer was AQR Capital Management LLC (+11K shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−2,435). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dimensional Fund Advisors LP $214M 48K 19.1% ▲ 1.6%
Blackrock, Inc. $106M 24K 9.5% ▼ 1.0%
AQR Capital Management LLC $85.9M 19K 7.7% ▲ 147.0%
Vanguard Portfolio Management LLC $79.3M 18K 7.1% ▼ 8.2%
Vanguard Capital Management LLC $49.6M 11K 4.4% ▲ 1.6%
Arrowstreet Capital, Limited Partnership $44.2M 10K 4.0% ▼ 19.7%
American Century Companies Inc $33.3M 7K 3.0% ▲ 0.2%
Wallace Capital Management Inc. $30.7M 7K 2.7% ▼ 7.1%
Private Management Group Inc $28.4M 6K 2.5% ▼ 15.3%
Charles Schwab Investment Management Inc $24.2M 5K 2.2% ▼ 10.4%
Kahn Brothers Group Inc $24.1M 5K 2.2% ▼ 8.2%
Geode Capital Management, LLC $21.7M 5K 1.9% ▼ 1.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Seaboard Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • February 12, 2026
  • October 28, 2025
  • July 29, 2025
  • April 28, 2025

Recent SEC filings

Data status

When each part of this page on Seaboard Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Seaboard Corp in brief

What does Seaboard Corp do?
Seaboard Corp is a US-listed company in the packaged foods & meats industry. Its financial year ends in December.
What is Seaboard Corp's stock ticker?
Seaboard Corp trades under the ticker SEB on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Seaboard Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Seaboard Corp reported revenue of $10.3B, 8.2% higher than a year earlier, according to its SEC filings.
What is Seaboard Corp's free cash flow?
Seaboard Corp's free-cash-flow margin is -0.2% of revenue over the trailing twelve months, ranking 29 of the 43 packaged foods & meats companies we cover.
Who are Seaboard Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dimensional Fund Advisors LP, Blackrock, Inc. and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Seaboard Corp's market cap?
On November 2, 2026, Seaboard Corp's market capitalisation was about $3.6B, with a price-to-earnings ratio of 5.6 and net debt of $1.4B. Market figures come from third-party market data and may be delayed.
Does Seaboard Corp pay a dividend?
Yes: Seaboard Corp paid $9M in dividends over the trailing twelve months, a dividend yield of 0.25% and a payout ratio of 1.4%.
How much debt does Seaboard Corp have?
Seaboard Corp's debt-to-equity ratio is 17.7%, from its latest balance sheet (16.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Seaboard Corp's competitors?
In our Packaged Foods & Meats peer group, the companies closest to Seaboard Corp are Campbell's Co, Conagra Brands Inc., The J.M. Smucker Company, Hormel Foods and The Hershey Company. The side-by-side comparison below sets their revenue, margins and growth against Seaboard Corp's.
When is Seaboard Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Seaboard Corp announces its own schedule.