Seaboard Corp income statement
In fiscal 2025, Seaboard Corp reported revenue of $9.75bn, up 7.1% on the year before, operating income of $239m (a 2.5% margin) and net income of $496m, or $514.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 3.4 | 3.9 | 5.1 | 5.6 | 6.2 | 5.8 | 5.2 | 4.9 | 5.3 | 6.0 | 6.4 | 6.6 | 8.4 | 10.2 | 9.2 | 8.5 | 9.1 | 9.4 |
| 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 |
| Research and development | — | — | — | — | — | — | — | — | — | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.1 | 0.1 | — |
| Selling, general and administrative | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| 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 |
| Interest expense | 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 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
| Income before tax | 0.1 | 0.4 | 0.4 | 0.4 | 0.2 | 0.5 | 0.2 | 0.4 | 0.4 | 0.0 | 0.3 | 0.3 | 0.6 | 0.6 | 0.1 | 0.2 | 0.4 | 0.6 |
| Income tax | −0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.2 | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.1 | −0.0 | −0.1 | 0.2 | −0.1 | −0.0 |
| 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 |
| Diluted shares (average) | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | — | — | — |
| 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 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,218 | 2,482 | 2,316 | 2,480 | 2,540 | 2,410 | 2,400 | 2,922 |
| Cost of revenue | 2,081 | 2,259 | 2,174 | 2,318 | 2,342 | 2,219 | 2,183 | 2,701 |
| Gross profit | 137 | 223 | 142 | 162 | 198 | 191 | 217 | 221 |
| Selling, general and administrative | 105 | 109 | 104 | 110 | 114 | 126 | 121 | 121 |
| Operating income | 32 | 114 | 38 | 52 | 84 | 65 | 96 | 100 |
| Interest expense | 21 | 22 | 10 | 18 | 21 | 21 | 10 | 20 |
| Income before tax | 41 | 136 | 40 | 112 | 125 | 133 | 143 | 206 |
| Income tax | 190 | −20 | 8 | 8 | 15 | −122 | 23 | 52 |
| Net income | −149 | 154 | 32 | 102 | 109 | 253 | 119 | 153 |
| Diluted EPS | −$153.44 | $158.59 | $32.95 | $105.22 | $113.71 | $262.99 | $124.24 | $159.74 |
| EBITDA | 105 | 210 | 116 | 132 | 162 | 147 | 179 | 183 |
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