Revenue
$9.75B
Fiscal year ended 2025-12-31Operating income
$239.00M
Fiscal year ended 2025-12-31Free cash flow
$6.00M
Fiscal year ended 2025-12-31Valuation, from the filing
| Public float | $705.91M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-28 |
|---|---|---|
| Float per share | $737.02 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 0.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 0.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-28, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
How this compares in its industry
Percentile among the Wholesale-Farm Product Raw Materials filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| CapEx / revenue | 5.8% | 100th | |
| Effective tax rate | -22.2% | 0th | |
| Revenue YoY growth | 7.1% | 100th | |
| Current ratio | 2.40x | 75th | |
| Long-term debt / equity | 0.19x | 25th | |
| FCF margin | 0.1% | 75th | |
| Gross margin | 7.1% | 50th |
SEABOARD CORP /DE/ (SEB) reported revenue of $9.75B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from SEABOARD CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Wholesale-Farm Product Raw Materials.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.75B | $9.10B | $9.56B | $11.24B | $9.23B | $7.13B | $6.84B | $6.58B | $5.81B | $5.38B |
| Cost of revenue | $9.05B | $8.52B | $9.25B | $10.21B | $8.41B | $6.55B | $6.39B | $6.03B | $5.26B | $4.88B |
| Gross profit | $693.00M | $576.00M | $316.00M | $1.03B | $818.00M | $574.00M | $446.00M | $550.00M | $549.00M | $497.00M |
| Operating income | $239.00M | $156.00M | -$87.00M | $657.00M | $458.00M | $245.00M | $110.00M | $236.00M | $240.00M | $230.00M |
| Net income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | $64.00M | $113.00M | $361.00M | $210.00M | $191.00M | $134.00M | $143.00M | $77.00M | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 964.11K | shares 971.06K | shares 1.12M | shares 1.16M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $410.00M | $246.00M | $107.00M | $579.00M | $636.00M | $286.00M | $290.00M | $11.00M | $427.00M | $384.00M |
| Income tax expense | -$91.00M | $156.00M | -$120.00M | -$3.00M | $65.00M | $3.00M | $3.00M | $8.00M | $181.00M | $70.00M |
| Diluted EPS | $514.46 | $90.62 | $202.21 | $499.66 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | $454.00M | $420.00M | $403.00M | $373.00M | $360.00M | $329.00M | $336.00M | $314.00M | $309.00M | $267.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $178.00M | $98.00M | $56.00M | $199.00M | $75.00M | $76.00M | $125.00M | $194.00M | $116.00M | $77.00M |
| Total assets | $8.25B | $7.66B | $7.57B | $7.90B | $7.50B | $6.40B | $6.35B | $5.31B | $5.16B | $4.76B |
| Current assets | $3.63B | $3.52B | $3.36B | $4.02B | $4.05B | $3.35B | $3.41B | $3.03B | $3.13B | $2.85B |
| Total liabilities | $3.01B | $2.92B | $2.93B | $2.89B | $3.07B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $1.51B | $1.41B | $1.34B | $1.53B | $1.55B | $1.08B | $1.19B | $784.00M | $818.00M | $785.00M |
| Total equity incl. NCI | $5.24B | $4.75B | $4.63B | $5.01B | $4.43B | $3.83B | $3.60B | $3.37B | $3.41B | $3.18B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.51B | $1.41B | $1.46B | $1.67B | $1.66B | $1.18B | $1.09B | $815.00M | $780.00M | $762.00M |
| Accounts receivable | $756.00M | $791.00M | $749.00M | $923.00M | $762.00M | $532.00M | $646.00M | $551.00M | $482.00M | $627.00M |
| Goodwill | $168.00M | $164.00M | $160.00M | $154.00M | $163.00M | $167.00M | $164.00M | $167.00M | $22.00M | $19.00M |
| Long-term debt | $977.00M | $987.00M | $997.00M | $702.00M | $708.00M | $707.00M | $730.00M | $739.00M | $482.00M | $499.00M |
| Accounts payable | $397.00M | $418.00M | $400.00M | $429.00M | $404.00M | $276.00M | $368.00M | $238.00M | $256.00M | $194.00M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $568.00M | $519.00M | $710.00M | $676.00M | $92.00M | $291.00M | $171.00M | $238.00M | $245.00M | $427.00M |
| Capital expenditures | $562.00M | $511.00M | $506.00M | $474.00M | $460.00M | $259.00M | $349.00M | $162.00M | $173.00M | $158.00M |
| Investing cash flow | -$543.00M | -$484.00M | -$273.00M | -$437.00M | -$302.00M | -$262.00M | -$253.00M | -$349.00M | -$266.00M | -$374.00M |
| Financing cash flow | $44.00M | $12.00M | -$581.00M | -$116.00M | $213.00M | -$82.00M | $11.00M | $190.00M | $58.00M | -$27.00M |
| Net change in cash | $80.00M | $42.00M | -$143.00M | $124.00M | -$1.00M | -$49.00M | -$69.00M | $78.00M | $39.00M | $27.00M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $9.00M | $9.00M | $10.00M | $10.00M | $10.00M | $10.00M | $10.00M | $7.00M | $7.00M | Unavailable |
| Common share repurchases | $39.00M | $8.00M | $600.00M | Unavailable | Unavailable | $13.00M | $17.00M | $5.00M | Unavailable | Unavailable |
| Depreciation & amortization | $318.00M | $311.00M | $283.00M | $235.00M | $178.00M | $172.00M | $138.00M | $134.00M | $118.00M | $102.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $6.00M | $8.00M | $204.00M | $202.00M | -$368.00M | $32.00M | -$178.00M | $76.00M | $72.00M | $269.00M |
| Gross margin | 7.1% | 6.3% | 3.3% | 9.2% | 8.9% | 8.1% | 6.5% | 8.4% | 9.5% | 9.2% |
| Operating margin | 2.5% | 1.7% | -0.9% | 5.8% | 5.0% | 3.4% | 1.6% | 3.6% | 4.1% | 4.3% |
| FCF margin | 0.1% | 0.1% | 2.1% | 1.8% | -4.0% | 0.4% | -2.6% | 1.2% | 1.2% | 5.0% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 2.40x | 2.50x | 2.52x | 2.63x | 2.61x | 3.12x | 2.87x | 3.86x | 3.82x | 3.63x |
| Revenue YoY growth | 7.1% | -4.8% | -15.0% | 21.8% | 29.5% | 4.2% | 3.9% | 13.3% | 8.0% | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | 0.7% | 1.2% | 3.8% | 1.9% | 2.1% | 1.9% | 2.1% | 1.2% | Unavailable | Unavailable |
| CapEx / revenue | 5.8% | 5.6% | 5.3% | 4.2% | 5.0% | 3.6% | 5.1% | 2.5% | 3.0% | 2.9% |
| Long-term debt / equity | 0.19x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | -22.2% | 63.4% | -112.1% | -0.5% | 10.2% | 1.0% | 1.0% | 72.7% | 42.4% | 18.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SEB in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-12View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-07-29View SEC filing
10-Q · Filed 2025-04-28View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.