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Seaboard Corporation

Seaboard Corporation

AMEX•SEB
CEO: Mr. Robert L. Steer
Sector: Industrials
Industry: Conglomerates
Listing Date: 1973-02-22
Seaboard Corporation, together with its subsidiaries, operates as an agricultural and ocean transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; hogs; and biodiesel. The CT&M segment sources, transports, and markets wheat, corn, soybeans, soybean meal, and other commodities; and produces and sells wheat flour, maize meal, manufactured feed, and oilseed crush commodities. The Marine segment provides cargo shipping services; owns and leases dry, refrigerated, specialized containers, and other related equipment; and operates a terminal and an off-port warehouse for cargo consolidation and temporary storage. The Sugar and Alcohol segment produces and sells sugar and alcohol. The Power segment operates as an independent power producer that generates electricity for the power grid in the Dominican Republic. The Turkey segment produces and processes conventional and antibiotic-free turkey products to retail stores, food service outlets, and industrial entities, as well as exports products to Mexico and internationally. The company also processes and sells jalapeño peppers. Seaboard Corporation was founded in 1918 and is headquartered in Merriam, Kansas.
Contact Information
9000 West 67th Street, Merriam, KS, 66202, United States
913-676-8800
www.seaboardcorp.com
Market Cap
$4.21B
P/E (TTM)
10.6
0
Dividend Yield
0.2%
52W High
$4.80K
52W Low
$2.37K
52W Range
83%
Rank33Top 18.8%
5.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.54B+14.52%
4-Quarter Trend

EPS

$113.71-174.11%
4-Quarter Trend

FCF

$152.00M+162.07%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Earnings Turnaround Strong Net earnings attributable to Seaboard $243M for nine months, reversing prior $(66)M loss; EPS $251.47 USD.
Total Sales Increased Substantially Total net sales reached $7.34B USD for nine months, growing $718M compared to prior year period.
Operating Cash Flow Rises Cash from operating activities totaled $380M for nine months, significantly up from $219M last year.
CT&M Segment Sales Growth CT&M segment net sales grew $482M to $3.92B USD, driven by higher commodity volumes sold.

Risk Factors

Litigation Uncertainty Remains Helms-Burton Act trial set for February 2026; Pork litigation settlements reached but other claims pending.
Deferred Tax Asset Realization U.S. operations in historical cumulative loss position; valuation allowance reversal timing uncertain for deferred tax assets.
Commodity Price Volatility Performance remains heavily commodity-driven; management uncertain about profitability for Liquid Fuels segment remainder of 2025.
Capital Expenditures Increase Investing cash used $401M, driven by $427M capital expenditures, mainly Marine segment vessel payments.

Outlook

Power Barge Construction Planned Power segment plans $315M barge construction starting 2028, including 10-year fuel commitment of $1.3B USD.
Marine Fleet Expansion Continues Marine segment ordered ninth vessel for $75M; new dual-fueled vessels improve efficiency and capacity.
Share Repurchase Program Active $62M remains available under $100M share repurchase authorization through December 31, 2027.
Liquidity Position Adequate Available borrowing capacity stands at $924M USD; management believes liquidity meets all short-term commitments.

Peer Comparison

Revenue (TTM)

Seaboard CorporationSEB
$9.82B
+10.3%
Robert Half Inc.RHI
$5.46B
-7.3%
TriNet Group, Inc.TNET
$5.07B
+2.0%

Gross Margin (Latest Quarter)

MDU Resources Group, Inc.MDU
67.7%
+32.3pp
Hayward Holdings, Inc.HAYW
49.7%
+3.4pp
Kadant Inc.KAI
45.2%
+0.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SEB$4.21B10.68.3%24.0%
MDU$3.98B23.56.2%32.7%
EXPO$3.70B36.224.8%14.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.8%
Moderate Growth
4Q Net Income CAGR
-10.6%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 27, 2025|Filed: Oct 28, 2025|
    Revenue: $2.54B+14.5%
    |
    EPS: $113.71-174.1%
    N/A
  • Form 10-Q - Q2 2025

    Period End: Jun 28, 2025|Filed: Jul 29, 2025|
    Revenue: $2.48B+12.3%
    |
    EPS: $105.22+67.5%
    N/A
  • Form 10-Q - Q1 2025

    Period End: Mar 29, 2025|Filed: Apr 28, 2025|
    Revenue: $2.32B+5.7%
    |
    EPS: $32.95+45.4%
    N/A
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 13, 2025|
    Revenue: $9.10B-4.8%
    |
    EPS: $90.62-55.2%
    N/A
  • Form 10-Q - Q3 2024

    Period End: Sep 28, 2024|Filed: Oct 29, 2024|
    Revenue: $2.22B-7.1%
    |
    EPS: $-153.44-241.4%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 29, 2024|Filed: Jul 30, 2024|
    Revenue: $2.21B-7.7%
    |
    EPS: $62.82+40.2%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 30, 2024|Filed: Apr 30, 2024|
    Revenue: $2.19B-12.3%
    |
    EPS: $22.66-264.4%
    N/A
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 13, 2024|
    Revenue: $9.56B-15.0%
    |
    EPS: $202.21-59.5%
    N/A