Tearsheet

Seaboard (SEB)

Market Price (4/13/2026): $5798.6001 | Market Cap: $5.6 Bil
Sector: Industrials | Industry: Industrial Conglomerates

Seaboard (SEB)

Market Price (4/13/2026): $5798.6001
Market Cap: $5.6 Bil
Sector: Industrials
Industry: Industrial Conglomerates

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Future of Freight, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more.

Trading close to highs
Dist 52W High is -2.8%, Dist 3Y High is -2.8%

Weak multi-year price returns
3Y Excs Rtn is -13%

Stock price has recently run up significantly
12M Rtn12 month market price return is 129%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.2%, Rev Chg QQuarterly Revenue Change % is -2.9%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60%

Key risks
SEB key risks include [1] currency inconvertibility, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%
1	Low stock price volatility Vol 12M is 32%
2	Megatrend and thematic drivers Megatrends include Future of Freight, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more.
3	Trading close to highs Dist 52W High is -2.8%, Dist 3Y High is -2.8%
4	Weak multi-year price returns 3Y Excs Rtn is -13%
5	Stock price has recently run up significantly 12M Rtn12 month market price return is 129%
6	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.2%, Rev Chg QQuarterly Revenue Change % is -2.9%
7	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 60%
8	Key risks SEB key risks include [1] currency inconvertibility, Show more.

Valuation, Metrics & Events

	4/13/26	2025	2024	2023	2022
Share Price CYE	$5,798.60	$2,697.12	$3,223.92	$3,770.01	$4,205.49
Market Cap CYE ($ Bil)	5.6	2.6	3.1	4.4	4.9
Total Debt ($ Bil)	1.8	1.8	1.8	1.6	1.7
Total Cash ($ Bil)	1.2	1.1	1.2	1.3	1.4
Enterprise Value ($ Bil)	6.1	4.4	4.9	6.0	6.6
Valuation Ratios
P/S TTM	0.6	0.3	0.3	0.4	0.5
P/EBIT TTM	11.6	7.9	15.6	8.7	8.1
P/E TTM	11.2	26.7	11.9	9.5	9.9
P/FCF TTM	925.4	-72.8	22.9	18.3	-27.6
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.6	1.3	1.6
P/EBIT TTM (Sector)	11.5	9.6	11.8	9.3	10.5
P/E TTM (Sector)	15.4	14.0	16.3	13.1	14.0
P/FCF TTM (Sector)	12.2	11.3	13.6	7.9	10.5

	4/13/26	2025	2024
Share Price CYE	$5,798.60	$2,697.12	$3,223.92
Market Cap CYE ($ Bil)	5.6	2.6	3.1
Total Debt ($ Bil)	1.8	1.8	1.8
Total Cash ($ Bil)	1.2	1.1	1.2
Enterprise Value ($ Bil)	6.1	4.4	4.9
Valuation Ratios
P/S TTM	0.6	0.3	0.3
P/EBIT TTM	11.6	7.9	15.6
P/E TTM	11.2	26.7	11.9
P/FCF TTM	925.4	-72.8	22.9
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.6
P/EBIT TTM (Sector)	11.5	9.6	11.8
P/E TTM (Sector)	15.4	14.0	16.3
P/FCF TTM (Sector)	12.2	11.3	13.6

	SEB	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	9.7
Rev Chg Q	-2.9%	7.5%
Rev Chg LTM	7.1%	6.8%
Rev Chg 3Y Avg	-4.2%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.6
Net Inc LTM ($ Bil)	0.5
Op Mgn LTM	2.5%	18.6%
CFO/Rev LTM	5.8%	20.6%
Net Inc Mgn	5.1%	12.8%
VALUATION	VERY LOW
P/S	0.6	3.2
P/CFO	9.8	15.4
P/FCF	925.4	19.8
P/E	11.2	24.1
STABILITY	GOOD
Debt/Equity	0.33	0.21
Cash/Assets	0.15	0.07

AI Analysis | Feedback

Metric	Value	Date	Source
Number of Sows Owned	336000	2012024	Link
Annual Market Hogs Raised	7100000	7032024	Link
Annual Pork Processing Volume (Guymon Plant)	1.6 billion pounds	7032024	Link
Number of Employees (Seaboard Foods)	5800	1012024	Link
Number of Vessels (Seaboard Marine)	approximately 25	11082024	Link
Annual Agricultural Commodities Sourced, Transported and Marketed	approximately 13 million tons	11082024	Link
Live Turkeys Slaughtered (Butterball)	1.06 billion pounds	12312023	Link
Power Generation Capacity Addition (Estrella del Mar IV)	145MW	12312028	Link

Upcoming
4/27/2026	Earnings Release	Rev: - EPS: -

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Seaboard (SEB) stock has gained about 30% since 12/31/2025 because of the following key factors:

1. A significant rebound in full-year 2025 net earnings, driven partly by a substantial income tax benefit, propelled the stock upward. Seaboard reported its full-year 2025 net earnings soared to $496 million, a considerable increase from $88 million in 2024, with earnings per share (EPS) rising to $514.46 from $90.62. This improvement was notably boosted by a $170 million income tax benefit from the reversal of a valuation allowance on certain domestic deferred tax assets.

2. Strong operational performance across diversified business segments contributed to the positive trend. The company experienced robust operational gains in key areas, including pork production, marine shipping, which benefited from higher freight rates, and commodity trading across its operations in Africa, South America, and Asia. This comprehensive operational strength led to a 7% increase in full-year 2025 revenue, reaching $9.75 billion.

Show more

Stock Movement Drivers

Fundamental Drivers

The 30.4% change in SEB stock from 12/31/2025 to 4/12/2026 was primarily driven by a 25.9% change in the company's Net Income Margin (%).

(LTM values as of)	12312025	4122026	Change
Stock Price ($)	4442.79	5791.83	30.4%
Change Contribution By:
Total Revenues ($ Mil)	9,818	9,746	-0.7%
Net Income Margin (%)	4.0%	5.1%	25.9%
P/E Multiple	10.7	11.2	4.2%
Shares Outstanding (Mil)	1	1	0.1%
Cumulative Contribution			30.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/12/2026

	Return	Correlation
SEB	30.4%
Market (SPY)	-5.4%	-3.1%
Sector (XLI)	10.6%	13.3%

Fundamental Drivers

The 59.0% change in SEB stock from 9/30/2025 to 4/12/2026 was primarily driven by a 247.7% change in the company's Net Income Margin (%).

(LTM values as of)	9302025	4122026	Change
Stock Price ($)	3643.16	5791.83	59.0%
Change Contribution By:
Total Revenues ($ Mil)	9,496	9,746	2.6%
Net Income Margin (%)	1.5%	5.1%	247.7%
P/E Multiple	25.4	11.2	-56.0%
Shares Outstanding (Mil)	1	1	1.2%
Cumulative Contribution			59.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/12/2026

	Return	Correlation
SEB	59.0%
Market (SPY)	-2.9%	5.9%
Sector (XLI)	11.6%	12.5%

Fundamental Drivers

The 115.3% change in SEB stock from 3/31/2025 to 4/12/2026 was primarily driven by a 426.3% change in the company's Net Income Margin (%).

(LTM values as of)	3312025	4122026	Change
Stock Price ($)	2690.15	5791.83	115.3%
Change Contribution By:
Total Revenues ($ Mil)	9,100	9,746	7.1%
Net Income Margin (%)	1.0%	5.1%	426.3%
P/E Multiple	29.7	11.2	-62.3%
Shares Outstanding (Mil)	1	1	1.4%
Cumulative Contribution			115.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/12/2026

	Return	Correlation
SEB	115.3%
Market (SPY)	16.3%	17.0%
Sector (XLI)	32.3%	18.7%

Fundamental Drivers

The 54.9% change in SEB stock from 3/31/2023 to 4/12/2026 was primarily driven by a 49.4% change in the company's P/E Multiple.

(LTM values as of)	3312023	4122026	Change
Stock Price ($)	3739.62	5791.83	54.9%
Change Contribution By:
Total Revenues ($ Mil)	11,243	9,746	-13.3%
Net Income Margin (%)	5.2%	5.1%	-1.3%
P/E Multiple	7.5	11.2	49.4%
Shares Outstanding (Mil)	1	1	21.2%
Cumulative Contribution			54.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/12/2026

	Return	Correlation
SEB	54.9%
Market (SPY)	63.3%	13.9%
Sector (XLI)	76.8%	16.2%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SEB Return	30%	-4%	-5%	-32%	83%	34%	99%
Peers Return	38%	2%	2%	-13%	11%	21%	69%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	82%
Monthly Win Rates [3]
SEB Win Rate	75%	50%	58%	42%	58%	100%
Peers Win Rate	60%	58%	48%	37%	53%	75%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
SEB Max Drawdown	0%	-14%	-8%	-33%	-0%	-2%
Peers Max Drawdown	-5%	-14%	-19%	-19%	-18%	-3%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: TSN, ADM, BG, HRL, ANDE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)

How Low Can It Go

Unique Key	Event	SEB	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-21.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	26.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1,154 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-37.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	60.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	529 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-24.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	33.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	118 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-70.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	236.5%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	973 days	1,480 days

Compare to TSN, ADM, BG, HRL, ANDE

In The Past

Seaboard's stock fell -21.2% during the 2022 Inflation Shock from a high on 4/6/2022. A -21.2% loss requires a 26.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Seaboard (SEB)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Seaboard Corporation operates as an agribusiness and 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 fresh and frozen pork products to further processors, foodservice 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 wheat flour, maize meal, manufactured feed, and oilseed crush commodities. The Marine segment provides cargo shipping services in the United States, as well as in 26 countries in the Caribbean, and Central and South America; dry, refrigerated, and specialized containers, as well as other related equipment; and operates a terminal and an off-port warehouse for cargo consolidation and temporary storage. As of December 31, 2021, this segment operated through a fleet of 20 chartered and 4 owned vessels. The Sugar and Alcohol segment produces and sells sugar and alcohol; and generates and sells energy through its 51-megawatt cogeneration power plant that is fueled by sugarcane by-products, natural gas, and other biomass. 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 organic turkey products to retail stores, foodservice 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.

AI Analysis | Feedback

Analogy 1: It's like Archer-Daniels-Midland (ADM) or Bunge Global S.A. (BG) for its sprawling global agribusiness, commodity trading, and food processing operations, but also operates its own significant regional cargo shipping line across the Americas.

AI Analysis | Feedback

Pork Products: Produces and sells fresh and frozen pork products, hogs, and biodiesel.
Agricultural Commodities: Sources, transports, and markets wheat, corn, soybeans, soybean meal, and other commodities.
Milled Products: Produces wheat flour, maize meal, manufactured feed, and oilseed crush commodities.
Cargo Shipping Services: Provides cargo shipping services in the United States, Caribbean, Central, and South America.
Sugar & Alcohol: Produces and sells sugar and alcohol.
Electricity Generation: Generates and sells electricity for power grids.
Turkey Products: Produces and processes organic turkey products.
Jalapeño Peppers: Processes and sells jalapeño peppers.

AI Analysis | Feedback

null

AI Analysis | Feedback

null

AI Analysis | Feedback

Robert L. Steer, President and Chief Executive Officer

Robert L. Steer has served as President and Chief Executive Officer of Seaboard Corporation since July 2020. Prior to this role, he held the position of Executive Vice President and Chief Financial Officer from April 2011 to December 2020. Mr. Steer has a long tenure with Seaboard, having been with the company for over 38 years. Information regarding him founding or managing other companies, selling companies he was previously involved with, or managing companies backed by private equity firms is not available in the provided search results.

David H. Rankin, Executive Vice President and Chief Financial Officer

David H. Rankin was elected Chief Financial Officer of Seaboard Corporation on December 2, 2020. Before this appointment, he served as the company's Senior Vice President, Taxation and Business Development since April 2015, and as Vice President, Taxation and Business Development since April 2013. Information regarding him founding or managing other companies, selling companies he was previously involved with, or managing companies backed by private equity firms is not available in the provided search results.

Ellen S. Bresky, Chairwoman of the Board

Ellen S. Bresky serves as the Chairwoman of the Board of Seaboard Corporation. She was appointed to this role and as a director in July 2020, following the passing of her husband, Steven J. Bresky, the former Chairman and CEO. Ms. Bresky beneficially owns approximately 73.5 percent of Seaboard's common stock.

Jacob A. Bresky, President and Chief Executive Officer, Seaboard Overseas and Trading Group

Jacob A. Bresky, also known as Jack, is the President and Chief Executive Officer of Seaboard Overseas and Trading Group. He is the son of former Chairman and CEO Steven J. Bresky and Ellen S. Bresky. As of July 2020, he had been with Seaboard for over seven years.

Edward A. Gonzalez, President and Chief Executive Officer, Seaboard Marine Ltd.

Edward A. Gonzalez holds the position of President and Chief Executive Officer of Seaboard Marine Ltd.

AI Analysis | Feedback

Here are the key risks to Seaboard's business:

Commodity Price Volatility: Seaboard's extensive involvement in agribusiness means it is highly susceptible to fluctuations in commodity prices. This includes the prices of live hogs and pork products, feed grains like wheat, corn, and soybeans for its animal agriculture segments, sugar and alcohol, and fuel for its marine operations. Significant and unpredictable changes in these prices can directly impact the profitability across its Pork, Commodity Trading and Milling (CT&M), Sugar and Alcohol, and Turkey segments.
Disease Outbreaks in Livestock and Poultry: As a major producer and processor in its Pork and Turkey segments, Seaboard faces substantial risks from disease outbreaks. Events such as African Swine Fever (ASF) or Avian Influenza (AI) could lead to widespread culling of animals, disruptions in supply chains, export bans, and significant financial losses, severely impacting these key segments of the business.
Geopolitical and International Trade Risks: Seaboard operates globally across its CT&M, Marine, Pork, and Turkey segments, with extensive international sourcing, transportation, and sales. This exposes the company to risks associated with geopolitical instability, changes in international trade policies, tariffs, and non-tariff barriers. Such factors can disrupt supply chains, increase operational costs, limit market access for its products, and affect shipping routes and demand for its marine services.

AI Analysis | Feedback

The clear emerging threat to Seaboard's Pork and Turkey segments is the rise of alternative protein sources, specifically plant-based and lab-grown meats. These emerging technologies and products offer substitutes for traditional animal-derived meat, posing a risk of long-term demand erosion for Seaboard's core pork and turkey products.

AI Analysis | Feedback

Seaboard Corporation (SEB) operates across diverse agribusiness and transportation sectors globally. Here are the estimated addressable market sizes for its main products and services:

Pork Products: The global pork meat market size was estimated at USD 293.18 billion in 2023 and is projected to reach USD 424.44 billion by 2030. The global processed pork meat market was estimated at USD 68.73 billion in 2025 and is forecast to reach USD 77.31 billion by 2031.
Commodity Trading (Wheat, Corn, Soybeans):
- Wheat: The global wheat market size was estimated at USD 195.99 billion in 2023 and is projected to reach USD 270.88 billion by 2030.
- Corn: The global corn market size was estimated at USD 297.27 billion in 2023 and is projected to reach USD 377.27 billion by 2030.
- Soybeans: The global soybean market size was estimated at USD 193.10 billion in 2023 and is projected to reach USD 258.12 billion by 2030.
Milling (Wheat Flour, Animal Feed):
- Wheat Flour: The global wheat flour market size was valued at approximately USD 179.09 billion in 2024 and is predicted to reach around USD 248.99 billion by the end of 2034.
- Manufactured Feed (Animal Feed): The global animal feed market size was estimated at USD 656.11 billion in 2025 and is anticipated to reach USD 921.33 billion by 2033.
Marine (Cargo Shipping Services): Null
Sugar and Alcohol:
- Sugar: The global sugar market size was estimated at USD 66.39 billion in 2023 and is projected to reach USD 102.32 billion by 2030.
- Alcohol (Ethanol): The global ethanol market size was estimated at USD 109.11 billion in 2024 and is expected to reach around USD 182.88 billion by 2034.
Power (Dominican Republic): Null
Turkey Products: The global turkey meat market was valued at USD 14 billion in 2024 and is forecast to grow to USD 17 billion by 2035.
Jalapeño Peppers: The global jalapeno pepper market size is estimated at USD 0.89 billion (USD 890 million) in 2025 and is expected to reach USD 1.09 billion by 2030.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Seaboard Corporation (SEB)

Expansion and Modernization of the Marine Fleet: Seaboard's Marine segment is positioned as a key growth engine, driven by strategic investments such as the integration of five new vessels, including LNG-powered ships, during the first nine months of 2025. This expansion is expected to enhance shipping capacity and improve operational efficiency and long-term fuel cost control.
Recovery and Strengthening Prices in the Pork Segment: The Pork segment demonstrated a notable turnaround, reporting increased net sales and a return to profitability in 2024 after a loss in 2023. This recovery was attributed to higher pork product prices and reduced feed costs, indicating a potential for continued revenue growth if these favorable market conditions persist.
Improved Global Commodity Prices impacting CT&M: Although the Commodity Trading and Milling (CT&M) segment experienced a decline in net sales in 2024 due to lower commodity prices, it remains the company's largest revenue contributor. A rebound in global prices for commodities like wheat, corn, and soybeans would directly benefit this segment, driving overall revenue growth.
Operational Excellence and Strategic Investments Across Divisions: Seaboard's future growth is linked to its overarching focus on operational excellence and strategic investments across its diversified business segments. This includes continuous efforts to enhance efficiency and make targeted capital allocations that support the performance of its various operations.

AI Analysis | Feedback

Capital Allocation Decisions (2021-2025)

Share Repurchases

Seaboard Corporation announced a new share repurchase program in May 2025, authorizing the company to repurchase up to $100 million of its common stock through December 31, 2027.
In October 2023, Seaboard repurchased 189,724 shares of its common stock for approximately $600 million from entities affiliated with the Bresky family.
Over the last three to five years, share repurchases also included $39 million in 2025 and $8 million in 2024.

Share Issuance

The average number of shares outstanding declined in recent years, from 1,117,636 in 2023 to 971,055 in 2024, and 958,618 in 2025, indicating no significant share issuances.

Outbound Investments

In 2025, Seaboard invested $50 million in an investment company owning corporate debt securities.
The company made significant purchases of investments, including $2,931 million in 2025, $1,379 million in 2024, $2,535 million in 2023, $684 million in 2022, and $2,129 million in 2021.
In 2022, Seaboard made long-term investments of $117 million and acquired a business for $58 million.

Capital Expenditures

Capital expenditures totaled $562 million in 2025, which included approximately $302 million for down payments on vessels under construction and a $150 million investment for a new power project in the Dominican Republic.
In 2023, capital expenditures were $506 million, with a budget of approximately $750 million, primarily focused on hog production assets, biogas recovery projects in the Pork segment, and vessel purchases/construction in the Marine segment.
Seaboard invested $474 million in capital expenditures in 2022, with $315 million allocated to the Pork segment and $136 million to the Marine segment.

Interactive Breakdown

null

null

Better Bets vs. Seaboard (SEB)

INDUSTRY: Industrial Conglomerates

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

CODI (2.3% | 0.4x)

Compass Diversified

TUSK (10.1% | 0.5x)

Mammoth Energy Services

BOOM (-1.9% | 0.2x)

DMC Global

STRR (-3.3% | 0.2x)

Star Equity

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

HON (2.0% | 22.7x)

Honeywell International

TTI (4.7% | 20.4x)

Tetra Technologies

CODI (2.3% | 17.3x)

Compass Diversified

FIP (25.8% | 16.5x)

FTAI Infrastructure

RCMT (4.3% | 7.9x)

RCM Technologies

Higher Rev Chg LTM (Value for SEB: 7.1%)

FBYD (120.8%)

Falcons Beyond Global

FIP (51.6%)

FTAI Infrastructure

TRC (18.4%)

Tejon Ranch

CSW (16.9%)

CSW Industrials

HON (7.8%)

Honeywell International

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

FIP (25.8%)

FTAI Infrastructure

CSW (11.0%)

CSW Industrials

TTI (4.7%)

Tetra Technologies

CODI (2.3%)

Compass Diversified

HON (2.0%)

Honeywell International

Higher Op Mgn LTM (Value for SEB: 2.5%)

CSL (20.0%)

Carlisle Companies

MMM (19.2%)

HON (17.5%)

Honeywell International

CSW (17.3%)

CSW Industrials

BBUC (15.1%)

Brookfield Business

Higher CFO/Rev LTM (Value for SEB: 5.8%)

CSL (21.9%)

Carlisle Companies

CSW (17.8%)

CSW Industrials

HON (17.1%)

Honeywell International

BBUC (11.8%)

Brookfield Business

MMM (9.2%)

Higher FCF/Rev LTM (Value for SEB: 0.1%)

CSL (19.3%)

Carlisle Companies

CSW (16.1%)

CSW Industrials

HON (14.5%)

Honeywell International

MMM (5.6%)

BBUC (4.3%)

Brookfield Business

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

UAL (9.7% | 0.5x)

United Airlines

FLR (4.4% | 0.5x)

Fluor

AAL (3.8% | 0.1x)

American Airlines

GXO (13.7% | 0.5x)

GXO Logistics

ALK (14.0% | 0.3x)

Alaska Air

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

HON (2.0% | 22.7x)

Honeywell International

UNP (-0.5% | 15.1x)

Union Pacific

LMT (4.4% | 18.3x)

Lockheed Martin

NOC (4.7% | 22.4x)

Northrop Grumman

WM (8.6% | 20.1x)

Waste Management

Higher Rev Chg LTM (Value for SEB: 7.1%)

BA (34.5%)

Boeing

GE (18.5%)

GE Aerospace

ETN (10.3%)

Eaton

RTX (9.7%)

RTX

GEV (9.0%)

GE Vernova

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

GE (18.3%)

GE Aerospace

BA (12.3%)

Boeing

RTX (9.9%)

RTX

ETN (9.8%)

Eaton

CAT (4.6%)

Caterpillar

Higher Op Mgn LTM (Value for SEB: 2.5%)

GE (18.9%)

GE Aerospace

DE (18.0%)

Deere

CAT (16.5%)

Caterpillar

RTX (10.5%)

RTX

GEV (3.7%)

GE Vernova

Higher CFO/Rev LTM (Value for SEB: 5.8%)

GE (18.6%)

GE Aerospace

CAT (17.4%)

Caterpillar

DE (16.8%)

Deere

GEV (13.1%)

GE Vernova

RTX (11.9%)

RTX

Higher FCF/Rev LTM (Value for SEB: 0.1%)

GE (15.8%)

GE Aerospace

CAT (11.0%)

Caterpillar

GEV (9.7%)

GE Vernova

RTX (8.4%)

RTX

DE (7.8%)

Deere

Higher Total Yield (Value for SEB: 9.1%)

UPS (12.7%)

United Parcel Service

UAL (10.7%)

United Airlines

TDG (10.4%)

TransDigm

DAL (10.4%)

Delta Air Lines

CNI (10.2%)

Canadian National Railway

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

MCK (13.3% | 0.3x)

McKesson

CVS (7.7% | 0.3x)

CVS Health

CI (15.3% | 0.3x)

Cigna

GM (5.8% | 0.4x)

General Motors

ELV (8.4% | 0.3x)

Elevance Health

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

MSFT (14.4% | 19.3x)

Microsoft

META (19.9% | 19.1x)

Meta Platforms

V (11.1% | 21.0x)

Visa

JNJ (2.6% | 22.4x)

Johnson & Johnson

MU (45.3% | 16.8x)

Micron Technology

Higher Rev Chg LTM (Value for SEB: 7.1%)

NVDA (65.5%)

NVIDIA

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

NVDA (101.8%)

NVIDIA

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for SEB: 2.5%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

AMZN (11.2%)

Amazon.com

Higher CFO/Rev LTM (Value for SEB: 5.8%)

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

AMZN (19.5%)

Amazon.com

Higher FCF/Rev LTM (Value for SEB: 0.1%)

NVDA (44.8%)

NVIDIA

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

GOOGL (18.2%)

Alphabet

AMZN (1.1%)

Amazon.com

Higher Total Yield (Value for SEB: 9.1%)

VZ (14.7%)

Verizon Communications

TD (12.9%)

Toronto-Dominion Bank

T (11.7%)

AT&T

PFE (11.5%)

Pfizer

WFC (10.1%)

Wells Fargo

Best Bets in Industrials

What You Pay

P/EBIT (Value for SEB: 11.6x)

GATX (10.2x)

GATX

PAYX (12.7x)

Paychex

AGX (62.3x)

Argan

TDG (16.5x)

TransDigm

PCTY (15.2x)

Paylocity

ADP (12.8x)

Automatic Data Processing

STRL (32.0x)

Sterling Infrastructure

PAYC (10.0x)

Paycom Software

WOR (17.7x)

Worthington Enterprises

CSW (27.7x)

CSW Industrials

P/E (Value for SEB: 11.2x)

GATX (20.6x)

GATX

PAYX (18.8x)

Paychex

AGX (60.9x)

Argan

TDG (34.7x)

TransDigm

PCTY (21.6x)

Paylocity

ADP (18.0x)

Automatic Data Processing

STRL (47.2x)

Sterling Infrastructure

PAYC (13.8x)

Paycom Software

WOR (24.2x)

Worthington Enterprises

CSW (38.0x)

CSW Industrials

What You Get

Rev Chg 3Y Avg (Value for SEB: -4.2%)

GATX (11.0%)

GATX

PAYX (8.9%)

Paychex

AGX (28.8%)

Argan

TDG (17.5%)

TransDigm

PCTY (19.0%)

Paylocity

ADP (7.1%)

Automatic Data Processing

STRL (12.1%)

Sterling Infrastructure

PAYC (14.4%)

Paycom Software

WOR (51.4%)

Worthington Enterprises

CSW (11.0%)

CSW Industrials

Rev Chg LTM (Value for SEB: 7.1%)

GATX (9.8%)

GATX

PAYX (16.4%)

Paychex

AGX (8.1%)

Argan

TDG (11.7%)

TransDigm

PCTY (12.1%)

Paylocity

ADP (6.6%)

Automatic Data Processing

STRL (17.7%)

Sterling Infrastructure

PAYC (8.9%)

Paycom Software

WOR (15.0%)

Worthington Enterprises

CSW (16.9%)

CSW Industrials

Rev Chg Q (Value for SEB: -2.9%)

GATX (8.6%)

GATX

PAYX (19.9%)

Paychex

AGX (12.7%)

Argan

TDG (13.9%)

TransDigm

PCTY (10.4%)

Paylocity

ADP (6.2%)

Automatic Data Processing

STRL (51.5%)

Sterling Infrastructure

PAYC (10.2%)

Paycom Software

WOR (24.4%)

Worthington Enterprises

CSW (20.3%)

CSW Industrials

FCF/Rev 3Y Avg (Value for SEB: 0.8%)

GATX (37.4%)

GATX

PAYX (33.2%)

Paychex

AGX (27.3%)

Argan

TDG (22.1%)

TransDigm

PCTY (21.7%)

Paylocity

ADP (19.7%)

Automatic Data Processing

STRL (18.4%)

Sterling Infrastructure

PAYC (18.2%)

Paycom Software

WOR (18.2%)

Worthington Enterprises

CSW (18.0%)

CSW Industrials

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Should You Buy Seaboard Stock?	03/10/2026
2	Seaboard Stock Drop Looks Sharp, But How Deep Can It Go?	03/10/2026
3	Seaboard Earnings Notes	12/27/2025
4	Day 7 of Gains Streak for Seaboard Stock with 12% Return (vs. 64% YTD) [8/29/2025]	08/30/2025
5	SEB's One-Month Rally Offers a Chance to Reevaluate UNH	08/18/2025
6	How Does Seaboard Stock Stack Up Against Its Peers?	08/13/2025
7	Why Seaboard Stock Moved: SEB Stock Has Gained 83% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)	08/08/2025
8	SEB Dip Buy Analysis	07/10/2025
9	ARTICLES
10	Buy or Sell Seaboard Stock?	03/10/2026
11	Can Seaboard Stock Recover If Markets Fall?	03/10/2026
12	Is Seaboard a Better Buy Than 3M?	02/10/2026
13	Small Cap Stocks Trading At 52-Week High	11/21/2025
14	SEB Stock Up 12% after 7-Day Win Streak	08/29/2025

	Title
0	DASHBOARDS
1	Should You Buy Seaboard Stock?
2	Seaboard Stock Drop Looks Sharp, But How Deep Can It Go?
3	Seaboard Earnings Notes
4	Day 7 of Gains Streak for Seaboard Stock with 12% Return (vs. 64% YTD) [8/29/2025]
5	SEB's One-Month Rally Offers a Chance to Reevaluate UNH
6	How Does Seaboard Stock Stack Up Against Its Peers?
7	Why Seaboard Stock Moved: SEB Stock Has Gained 83% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
8	SEB Dip Buy Analysis
9	ARTICLES
10	Buy or Sell Seaboard Stock?
11	Can Seaboard Stock Recover If Markets Fall?
12	Is Seaboard a Better Buy Than 3M?
13	Small Cap Stocks Trading At 52-Week High
14	SEB Stock Up 12% after 7-Day Win Streak

Trade Ideas

Select ideas related to SEB.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NSP	Insperity	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K	03312026	TNC	Tennant	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
ADP_3272026_Dip_Buyer_FCFYield	03272026	ADP	Automatic Data Processing	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.0%	1.0%	0.0%
HURN_3272026_Dip_Buyer_FCFYield	03272026	HURN	Huron Consulting	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.0%	4.0%	0.0%
TRU_3272026_Dip_Buyer_FCFYield	03272026	TRU	TransUnion	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.2%	5.2%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OGN	Organon	2.3	27.8%	23.5%
LWLG	Lightwave Logic	1.4	25.6%	227.2%
POET	POET Technologies	0.6	15.8%	11.2%
ALAB	Astera Labs	25.3	15.1%	-10.4%
MANE	Veradermics	1.4	14.7%	82.3%
TTMI	TTM Technologies	12.6	13.0%	76.1%
AAOI	Applied Optoelectronics	10.6	13.0%	332.0%
FBYD	Falcons Beyond Global	0.5	12.6%	-18.9%
TE	T1 Energy	0.8	12.2%	-29.8%
CRWV	CoreWeave	51.7	10.9%	42.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FSLY	Fastly	3.5	-21.7%	126.6%
REPL	Replimune	0.4	-19.5%	-51.0%
AKAM	Akamai Technologies	13.2	-16.7%	4.7%
FICO	Fair Isaac	21.9	-14.0%	-45.4%
SEZL	Sezzle	2.0	-13.6%	-5.9%
NET	Cloudflare	58.6	-13.5%	-15.3%
DOCN	DigitalOcean	6.9	-13.3%	57.1%
SMPL	Simply Good Foods	1.0	-11.5%	-48.0%
EVMN	Evommune	0.8	-11.0%	49.0%
GH	Guardant Health	10.1	-9.8%	-23.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AEHR	Aehr Test Systems	2.1	58.9%	248.8%
CAR	Avis Budget	10.6	57.5%	133.7%
AAOI	Applied Optoelectronics	10.6	44.9%	332.0%
OGN	Organon	2.3	38.8%	23.5%
LWLG	Lightwave Logic	1.4	38.4%	227.2%
HUT	Hut 8	7.2	37.4%	43.9%
SLNO	Soleno Therapeutics	2.8	33.3%	13.7%
STAA	Staar Surgical	1.3	30.8%	14.5%
RIOT	Riot Platforms	5.8	29.1%	31.0%
CIFR	Cipher Digital	6.6	28.9%	12.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.4	-43.4%	-51.0%
FSLY	Fastly	3.5	-31.1%	126.6%
SMPL	Simply Good Foods	1.0	-26.3%	-48.0%
AKAM	Akamai Technologies	13.2	-22.6%	4.7%
GWRE	Guidewire Software	10.0	-21.8%	-41.3%
OKTA	Okta	11.2	-21.5%	-27.2%
HUBS	HubSpot	10.1	-21.4%	-52.1%
NET	Cloudflare	58.6	-21.1%	-15.3%
VRDN	Viridian Therapeutics	1.4	-20.6%	-52.0%
SNOW	Snowflake	41.5	-20.2%	-44.8%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
XLO	Xilio Therapeutics	0.6	1475.9%	-5.1%
CAR	Avis Budget	10.6	196.4%	133.7%
SATL	Satellogic	1.0	135.7%	292.0%
LWLG	Lightwave Logic	1.4	111.2%	227.2%
APLS	Apellis Pharmaceuticals	5.2	110.5%	62.4%
FBYD	Falcons Beyond Global	0.5	92.1%	-18.9%
FLY	Firefly Aerospace	6.0	82.2%	67.8%
KOD	Kodiak Sciences	2.3	75.7%	54.2%
KODK	Eastman Kodak	1.2	74.0%	42.9%
ORKA	Oruka Therapeutics	3.2	73.1%	96.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	1.3	-49.0%	-57.8%
VRDN	Viridian Therapeutics	1.4	-47.8%	-52.0%
MAZE	Maze Therapeutics	1.2	-47.1%	-35.6%
BUR	Burford Capital	1.0	-47.0%	-51.1%
FRMI	Fermi	2.9	-43.9%	-39.1%
TE	T1 Energy	0.8	-42.4%	-29.8%
REPL	Replimune	0.4	-39.7%	-51.0%
ADMA	ADMA Biologics	2.3	-38.1%	-46.8%
FIG	Figma	9.3	-34.8%	-51.4%
BOBS	Bobs Discount Furniture	1.4	-34.7%	-34.8%

Peer Comparisons

Peers to compare with:

Financials

	SEB	TSN	ADM	BG	HRL	ANDE	Median
Name	Seaboard	Tyson Fo.	Archer-D.	Bunge Gl.	Hormel F.	Andersons
Mkt Price	5,791.83	65.64	69.73	123.92	20.87	74.52	72.12
Mkt Cap	5.5	23.1	33.7	24.0	11.5	2.5	17.3
Rev LTM	9,746	55,131	80,269	70,329	12,145	11,009	33,638
Op Inc LTM	239	1,163	1,424	1,296	911	128	1,037
FCF LTM	6	1,107	4,204	-879	578	-56	292
FCF 3Y Avg	73	988	2,799	610	812	308	711
CFO LTM	568	2,066	5,452	844	885	177	865
CFO 3Y Avg	599	2,226	4,234	2,017	1,102	485	1,560

Growth & Margins

	SEB	TSN	ADM	BG	HRL	ANDE	Median
Name	Seaboard	Tyson Fo.	Archer-D.	Bunge Gl.	Hormel F.	Andersons
Rev Chg LTM	7.1%	2.8%	-6.2%	32.4%	1.9%	-2.2%	2.4%
Rev Chg 3Y Avg	-4.2%	1.0%	-7.5%	3.4%	-0.6%	-13.6%	-2.4%
Rev Chg Q	-2.9%	5.1%	-13.7%	75.5%	1.3%	-18.8%	-0.8%
QoQ Delta Rev Chg LTM	-0.7%	1.3%	-3.5%	17.0%	0.3%	-5.1%	-0.2%
Op Mgn LTM	2.5%	2.1%	1.8%	1.8%	7.5%	1.2%	2.0%
Op Mgn 3Y Avg	1.1%	1.9%	2.8%	3.4%	8.1%	1.5%	2.4%
QoQ Delta Op Mgn LTM	-0.5%	-0.5%	-0.1%	-0.7%	0.1%	0.3%	-0.3%
CFO/Rev LTM	5.8%	3.7%	6.8%	1.2%	7.3%	1.6%	4.8%
CFO/Rev 3Y Avg	6.3%	4.1%	4.9%	3.4%	9.1%	3.7%	4.5%
FCF/Rev LTM	0.1%	2.0%	5.2%	-1.2%	4.8%	-0.5%	1.0%
FCF/Rev 3Y Avg	0.8%	1.8%	3.3%	1.1%	6.7%	2.2%	2.0%

Valuation

	SEB	TSN	ADM	BG	HRL	ANDE	Median
Name	Seaboard	Tyson Fo.	Archer-D.	Bunge Gl.	Hormel F.	Andersons
Mkt Cap	5.5	23.1	33.7	24.0	11.5	2.5	17.3
P/S	0.6	0.4	0.4	0.3	0.9	0.2	0.4
P/EBIT	11.6	27.2	17.4	13.6	15.2	13.4	14.4
P/E	11.2	115.5	31.3	29.4	23.5	26.3	27.9
P/CFO	9.8	11.2	6.2	28.5	13.0	14.2	12.1
Total Yield	9.1%	2.4%	4.7%	4.2%	9.8%	4.9%	4.8%
Dividend Yield	0.1%	1.5%	1.5%	0.8%	5.6%	1.1%	1.3%
FCF Yield 3Y Avg	2.1%	4.9%	9.3%	4.9%	5.0%	17.0%	5.0%
D/E	0.3	0.4	0.3	0.7	0.2	0.4	0.3
Net D/E	0.1	0.3	0.3	0.6	0.2	0.3	0.3

Returns

	SEB	TSN	ADM	BG	HRL	ANDE	Median
Name	Seaboard	Tyson Fo.	Archer-D.	Bunge Gl.	Hormel F.	Andersons
1M Rtn	15.2%	8.8%	-3.1%	-0.6%	-7.8%	5.6%	2.5%
3M Rtn	31.5%	14.0%	13.4%	24.6%	-9.0%	36.3%	19.3%
6M Rtn	72.2%	28.1%	16.4%	55.4%	-9.8%	82.9%	41.8%
12M Rtn	128.5%	12.3%	57.5%	67.4%	-28.0%	100.2%	62.5%
3Y Rtn	49.5%	18.1%	-5.2%	45.0%	-41.9%	89.7%	31.6%
1M Excs Rtn	16.4%	9.1%	-2.2%	0.4%	-10.0%	9.6%	4.8%
3M Excs Rtn	31.4%	16.9%	16.3%	29.3%	-6.1%	39.6%	23.1%
6M Excs Rtn	65.8%	26.4%	12.9%	51.4%	-11.4%	78.8%	38.9%
12M Excs Rtn	93.4%	-18.9%	35.9%	47.0%	-62.4%	70.8%	41.5%
3Y Excs Rtn	-12.5%	-44.1%	-69.3%	-23.1%	-109.2%	26.3%	-33.6%

Comparison Analyses

	Title
0	How Does Seaboard Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

null

Bank Deposits

null

Bank Assets

null

Bank Loans

null

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/12/2026	2/12/2026	2/13/2025	2/13/2024	2/14/2023	2/15/2022	2/17/2021
Key Financials
Total Revenue	9,746	9,746	9,100	9,562	11,243	9,229	7,126
EBITDA	798	798	629	448	854	827	477
Operating Income	239	239	156	-87	657	458	245
Net Income	496	496	88	226	580	570	283
EPS	514.87	514.46	90.62	202.21	499.66	490.36	244.21
Growth Rates
Total Revenue Growth	7.1%	7.1%	-4.8%	-15.0%	21.8%	29.5%	4.2%
EBITDA Growth	26.9%	26.9%	40.4%	-47.5%	3.3%	73.4%	2.8%
Operating Income Growth	53.2%	53.2%	279.3%	-113.2%	43.4%	86.9%	122.7%
Net Income Growth	463.6%	463.6%	-61.1%	-61.0%	1.8%	101.4%	-1.4%
Margins
EBITDA Margin	8.2%	8.2%	6.9%	4.7%	7.6%	9.0%	6.7%
Operating Income Margin	2.5%	2.5%	1.7%	-0.9%	5.8%	5.0%	3.4%
Net Income Margin	5.1%	5.1%	1.0%	2.4%	5.2%	6.2%	4.0%
Cash & Debt
Total Cash	1,230	1,230	1,173	1,029	1,285	1,491	1,541
Total Debt	1,823	1,823	1,711	1,673	1,633	1,755	1,413
Net Debt / (Cash)	593	593	538	644	348	264	-128
Cash Flows
Net Cash from Operations	568	568	519	710	676	92	291
Free Cash from Operations	6	6	8	204	202	-368	32
Returns to Shareholders
Dividends	9	9	9	10	10	10	10
Share Repurchases	15	39	8	600	-0	-0	13

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/27/2025	6/28/2025	3/31/2025	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023
Filing Date	2/12/2026	10/28/2025	7/29/2025	4/28/2025	2/13/2025	10/29/2024	7/30/2024	4/30/2024	2/13/2024	10/30/2023	8/1/2023	5/3/2023
Key Financials Quarterly
Total Revenue	2,410	2,540	2,480	2,316	2,482	2,218	2,209	2,191	2,282	2,388	2,393	2,499
Ebitda	236	224	210	128	254	135	136	104	65	174	139	70
Operating Income	65	84	52	38	114	32	30	-20	-87	67	-4	-63
Net Income	253	109	102	32	154	-149	61	22	64	126	52	-16
EPS	262.99	113.71	105.22	32.95	158.59	-153.44	62.82	22.66	62.65	108.55	44.80	-13.78
Key Financials TTM
Total Revenue TTM	9,746	9,818	9,496	9,225	9,100	8,900	9,070	9,254	9,562	9,946	10,453	11,033
Ebitda TTM	798	816	727	653	629	440	479	482	448	725	770	757
Operating Income TTM	239	288	236	214	156	-45	-10	-44	-87	164	252	448
Net Income TTM	496	397	139	98	88	-2	273	264	226	385	405	461
Growth Rates Quarterly
Total Revenue Growth	-2.9%	14.5%	12.3%	5.7%	8.8%	-7.1%	-7.7%	-12.3%	-14.4%	-17.5%	-19.5%	-7.8%
EBITDA Growth	-7.1%	65.9%	54.4%	23.1%	290.8%	-22.4%	-2.2%	48.6%	-81.0%	-20.5%	10.3%	-64.3%
Operating Income Growth	-43.0%	162.5%	73.3%	290.0%	231.0%	-52.2%	850.0%	68.3%	-153.0%	-56.8%	-102.1%	-143.2%
Net Income Growth	64.3%	173.2%	67.2%	45.5%	140.6%	-218.3%	17.3%	237.5%	-71.3%	-13.7%	-51.9%	-115.5%
Margins Quarterly
EBITDA Margin	9.8%	8.8%	8.5%	5.5%	10.2%	6.1%	6.2%	4.7%	2.8%	7.3%	5.8%	2.8%
Operating Income Margin	2.7%	3.3%	2.1%	1.6%	4.6%	1.4%	1.4%	-0.9%	-3.8%	2.8%	-0.2%	-2.5%
Net Income Margin	10.5%	4.3%	4.1%	1.4%	6.2%	-6.7%	2.8%	1.0%	2.8%	5.3%	2.2%	-0.6%
Cash & Debt
Total Cash	1,230	1,244	1,103	1,102	1,173	1,202	1,151	1,157	1,029	1,234	1,293	1,297
Total Debt	1,823	1,908	1,869	1,751	1,711	1,817	1,879	1,811	1,673	1,261	1,571	1,608
Net Debt / (Cash)	593	664	766	649	538	615	728	654	644	27	278	311
Cash Flows Quarterly
FCF from Operations	188	319	81	-20	300	194	6	19	129	377	111	93
Cash Flows TTM
FCF from Operations TTM	568	680	555	480	519	348	531	636	710	880	763	663
Returns to Shareholders Quarterly
Dividends	3	2	2	2	3	2	2	2	3	2	2	3
Share Repurchases	1	14	-0	-0	8	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	43.8%	44.5%	25.2%	18.7%	84.8%	20.8%	16.5%	-11.7%	-54.0%	992.6%	-5.8%	-81.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	40.3%	42.2%	13.4%	12.5%	10.6%	-7.3%	-1.4%	-6.7%	-13.5%	607.4%	85.0%	144.1%

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Pork	2,111	2,721	2,698	2,265	1,927
All Other and Corporate	1,636	4	6	7	6
Commodity Trading and Milling (CT&M)	1,615	1,590	1,915	2,054	1,585
Marine	992	847	882	749	508
Liquid Fuels	630
Turkey	375	360	350	245	265
Power	306	337	342	359	302
Intersegment Eliminations	0
Corporate		1,528	1,544	1,669	1,653
Sugar and Alcohol		179	165	155	153
Total	7,665	7,566	7,902	7,503	6,399

Price Behavior

Price Behavior

Market Price	$5,791.83
Market Cap ($ Bil)	5.5
First Trading Date	03/17/1980
Distance from 52W High	-2.8%
	50 Days	200 Days
DMA Price	$5,248.86	$4,167.59
DMA Trend	up	up
Distance from DMA	10.3%	39.0%
	3M	1YR
Volatility	34.4%	31.7%
Downside Capture	-0.75	-0.26
Upside Capture	-13.01	64.29
Correlation (SPY)	-4.6%	12.6%

SEB Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.25	-0.07	-0.06	0.15	0.28	0.25
Up Beta	-1.11	1.47	1.17	1.31	0.33	0.36
Down Beta	1.45	0.90	0.37	0.05	0.36	0.44
Up Capture	15%	-57%	-1%	45%	45%	4%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	13	26	39	76	142	388
Down Capture	-51%	-95%	-122%	-74%	-31%	2%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	9	16	24	50	110	361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SEB
SEB	131.0%	31.6%	2.67	-
Sector ETF (XLI)	49.1%	17.9%	2.08	14.1%
Equity (SPY)	31.2%	17.3%	1.47	12.3%
Gold (GLD)	60.1%	27.8%	1.69	7.7%
Commodities (DBC)	29.8%	16.6%	1.58	4.2%
Real Estate (VNQ)	21.3%	15.2%	1.07	15.3%
Bitcoin (BTCUSD)	-4.3%	43.7%	0.02	-6.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SEB
SEB	9.5%	27.2%	0.34	-
Sector ETF (XLI)	13.1%	17.3%	0.59	16.6%
Equity (SPY)	11.1%	17.0%	0.50	14.1%
Gold (GLD)	22.1%	17.8%	1.02	4.1%
Commodities (DBC)	11.8%	18.8%	0.52	7.0%
Real Estate (VNQ)	3.7%	18.8%	0.10	14.2%
Bitcoin (BTCUSD)	4.3%	56.5%	0.30	1.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SEB
SEB	6.8%	28.9%	0.28	-
Sector ETF (XLI)	13.8%	19.9%	0.61	23.9%
Equity (SPY)	13.8%	17.9%	0.66	21.2%
Gold (GLD)	14.2%	15.9%	0.74	2.6%
Commodities (DBC)	8.6%	17.6%	0.41	12.5%
Real Estate (VNQ)	5.1%	20.7%	0.22	21.3%
Bitcoin (BTCUSD)	67.6%	66.9%	1.07	2.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	0.0 Mil
Short Interest: % Change Since 3152026	2.8%
Average Daily Volume	0.0 Mil
Days-to-Cover Short Interest	1.2 days
Basic Shares Quantity	1.0 Mil
Short % of Basic Shares	1.8%

Returns Analyses

	Title
0	Seaboard Stock Drop Looks Sharp, But How Deep Can It Go?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/12/2026	-3.8%	-11.7%	-10.4%
10/28/2025	-1.9%	10.0%	41.8%
7/29/2025	1.1%	9.3%	18.6%
4/28/2025	2.3%	2.1%	6.1%
2/13/2025	11.9%	9.8%	4.1%
10/29/2024	-2.5%	-7.5%	-9.7%
7/30/2024	1.8%	-3.1%	-2.1%
4/30/2024	-1.8%	-2.5%	-0.6%
...
SUMMARY STATS
# Positive	10	12	11
# Negative	13	11	12
Median Positive	0.9%	4.0%	6.1%
Median Negative	-1.8%	-3.3%	-2.2%
Max Positive	11.9%	10.0%	41.8%
Max Negative	-3.8%	-11.7%	-10.4%

	Forward Returns
2/12/2026	-3.8%	-11.7%	-10.4%
10/28/2025	-1.9%	10.0%	41.8%
7/29/2025	1.1%	9.3%	18.6%
4/28/2025	2.3%	2.1%	6.1%
2/13/2025	11.9%	9.8%	4.1%
10/29/2024	-2.5%	-7.5%	-9.7%
7/30/2024	1.8%	-3.1%	-2.1%
4/30/2024	-1.8%	-2.5%	-0.6%
2/13/2024	-1.0%	-5.3%	-8.3%
10/30/2023	-0.5%	3.8%	-0.9%
8/1/2023	0.5%	-1.0%	3.1%
5/3/2023	-2.0%	-0.1%	-1.3%
2/14/2023	0.2%	4.1%	-0.6%
11/1/2022	-2.9%	1.2%	5.3%
8/2/2022	-2.5%	-3.5%	-6.9%
5/3/2022	-0.6%	-4.6%	3.6%
2/15/2022	-0.5%	-0.7%	6.7%
11/2/2021	0.3%	1.2%	-5.1%
8/3/2021	1.2%	8.8%	10.0%
5/4/2021	-0.6%	0.1%	1.1%
2/16/2021	0.6%	0.2%	18.0%
10/27/2020	0.6%	4.3%	-2.3%
7/28/2020	-0.6%	-3.3%	-1.7%
SUMMARY STATS
# Positive	10	12	11
# Negative	13	11	12
Median Positive	0.9%	4.0%	6.1%
Median Negative	-1.8%	-3.3%	-2.2%
Max Positive	11.9%	10.0%	41.8%
Max Negative	-3.8%	-11.7%	-10.4%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/12/2026	10-K
09/30/2025	10/28/2025	10-Q
06/30/2025	07/29/2025	10-Q
03/31/2025	04/28/2025	10-Q
12/31/2024	02/13/2025	10-K
09/30/2024	10/29/2024	10-Q
06/30/2024	07/30/2024	10-Q
03/31/2024	04/30/2024	10-Q
12/31/2023	02/13/2024	10-K
09/30/2023	10/30/2023	10-Q
06/30/2023	08/01/2023	10-Q
03/31/2023	05/03/2023	10-Q
12/31/2022	02/14/2023	10-K
09/30/2022	11/01/2022	10-Q
06/30/2022	08/02/2022	10-Q
03/31/2022	05/03/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/12/2026

null

Prior: Q3 2025 Earnings Reported 10/28/2025

null

Insider Activity

Expand for Morenull

SEB Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing SEB?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What SEB Makes & Who Pays

TTM figures based on

SEB Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Seaboard (SEB)

Market Price (4/13/2026): $5798.6001 | Market Cap: $5.6 BilSector: Industrials | Industry: Industrial Conglomerates

Seaboard (SEB)

Market Price (4/13/2026): $5798.6001Market Cap: $5.6 BilSector: IndustrialsIndustry: Industrial Conglomerates

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Seaboard (SEB)

Expected Drivers of Future Revenue Growth for Seaboard Corporation (SEB)

Capital Allocation Decisions (2021-2025)

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Seaboard (SEB)

INDUSTRY: Industrial Conglomerates

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

Higher Rev Chg LTM (Value for SEB: 7.1%)

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

Higher Op Mgn LTM (Value for SEB: 2.5%)

Higher CFO/Rev LTM (Value for SEB: 5.8%)

Higher FCF/Rev LTM (Value for SEB: 0.1%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

Higher Rev Chg LTM (Value for SEB: 7.1%)

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

Higher Op Mgn LTM (Value for SEB: 2.5%)

Higher CFO/Rev LTM (Value for SEB: 5.8%)

Higher FCF/Rev LTM (Value for SEB: 0.1%)

Higher Total Yield (Value for SEB: 9.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for SEB: -4.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for SEB: -4.2% | 23.2x)

Higher Rev Chg LTM (Value for SEB: 7.1%)

Higher Rev Chg 3Y Avg (Value for SEB: -4.2%)

Higher Op Mgn LTM (Value for SEB: 2.5%)

Higher CFO/Rev LTM (Value for SEB: 5.8%)

Higher FCF/Rev LTM (Value for SEB: 0.1%)

Higher Total Yield (Value for SEB: 9.1%)

Best Bets in Industrials

P/EBIT (Value for SEB: 11.6x)

P/E (Value for SEB: 11.2x)

Rev Chg 3Y Avg (Value for SEB: -4.2%)

Rev Chg LTM (Value for SEB: 7.1%)

Rev Chg Q (Value for SEB: -2.9%)

FCF/Rev 3Y Avg (Value for SEB: 0.8%)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Market Price (4/13/2026): $5798.6001 | Market Cap: $5.6 Bil
Sector: Industrials | Industry: Industrial Conglomerates

Market Price (4/13/2026): $5798.6001
Market Cap: $5.6 Bil
Sector: Industrials
Industry: Industrial Conglomerates