Seaboard (SEB)
Market Price (8/1/2026): $4409.71 | Market Cap: $4.2 BilSector: Industrials | Industry: Industrial Conglomerates
Seaboard (SEB)
Market Price (8/1/2026): $4409.71Market Cap: $4.2 BilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.7% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Future of Freight, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more. | Weak multi-year price returns3Y Excs Rtn is -39% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% Key risksSEB key risks include [1] currency inconvertibility, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.7% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Future of Freight, E-commerce Logistics & Data Centers, and E-commerce & DTC Adoption. Themes include Freight Technology, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -39% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% |
| Key risksSEB key risks include [1] currency inconvertibility, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Seaboard (SEB) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Despite strong fiscal Q1 2026 earnings, Seaboard Corporation's stock experienced a significant decline, indicating market concerns beyond the reported numbers. Seaboard reported robust results for its fiscal Q1 2026, which ended on April 4, 2026, with net sales increasing to $2.4 billion from $2.316 billion in fiscal Q1 2025, operating income rising to $96 million from $38 million, and earnings per share (EPS) jumping to $124.24 from $32.95 in the comparable prior-year quarter. However, the stock declined by 13.8% the day following the earnings announcement on May 5, 2026. This negative market reaction, despite strong quarterly performance, suggests that investors were likely more focused on longer-term trends, as the company's five-year record showed a compound annual earnings decline of 19.8%. Additionally, the stock's price was considerably higher than a fair value estimate of $252.24, feeding into concerns that recent profit strength might not justify its valuation.
2. Significant institutional selling during fiscal Q1 2026 contributed to downward pressure on the stock. Heartland Advisors Inc. substantially reduced its stake in Seaboard Corporation during fiscal Q1 2026 by selling 1,000 shares, representing a 50% reduction in their holdings. The remaining 1,000 shares were valued at approximately $5.65 million, indicating that the value of the shares sold also exceeded the $5 million threshold. Such a notable divestment by an institutional investor can signal a loss of confidence or a reevaluation of the company's prospects, impacting market sentiment and contributing to the stock's decline.
Show more
Seaboard (SEB) stock has lost about 20% since 4/30/2026 because of the following key factors:
1. Despite strong fiscal Q1 2026 earnings, Seaboard Corporation's stock experienced a significant decline, indicating market concerns beyond the reported numbers. Seaboard reported robust results for its fiscal Q1 2026, which ended on April 4, 2026, with net sales increasing to $2.4 billion from $2.316 billion in fiscal Q1 2025, operating income rising to $96 million from $38 million, and earnings per share (EPS) jumping to $124.24 from $32.95 in the comparable prior-year quarter. However, the stock declined by 13.8% the day following the earnings announcement on May 5, 2026. This negative market reaction, despite strong quarterly performance, suggests that investors were likely more focused on longer-term trends, as the company's five-year record showed a compound annual earnings decline of 19.8%. Additionally, the stock's price was considerably higher than a fair value estimate of $252.24, feeding into concerns that recent profit strength might not justify its valuation.
2. Significant institutional selling during fiscal Q1 2026 contributed to downward pressure on the stock. Heartland Advisors Inc. substantially reduced its stake in Seaboard Corporation during fiscal Q1 2026 by selling 1,000 shares, representing a 50% reduction in their holdings. The remaining 1,000 shares were valued at approximately $5.65 million, indicating that the value of the shares sold also exceeded the $5 million threshold. Such a notable divestment by an institutional investor can signal a loss of confidence or a reevaluation of the company's prospects, impacting market sentiment and contributing to the stock's decline.
3. Broader market uncertainty and a general downturn may have exacerbated Seaboard's stock depreciation during the period. While specific macroeconomic factors directly impacting Seaboard were not explicitly detailed as primary drivers for the entire decline, the broader market context suggests potential headwinds. General market downturns, such as the stock market being down on July 16, 2026, can affect even companies with positive news. This overall "uncertain environment" could have amplified the negative reaction to Seaboard's long-term earnings concerns and institutional selling, making investors more risk-averse and contributing to the stock's approximately 20% loss from April 30, 2026, to July 30, 2026.
Show less
Stock Movement Drivers
Fundamental Drivers
The -22.3% change in SEB stock from 4/30/2026 to 7/31/2026 was primarily driven by a -33.9% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 7312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5683.22 | 4413.26 | -22.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,746 | 9,830 | 0.9% |
| Net Income Margin (%) | 5.1% | 5.9% | 16.5% |
| P/E Multiple | 11.0 | 7.3 | -33.9% |
| Shares Outstanding (Mil) | 1 | 1 | 0.0% |
| Cumulative Contribution | -22.3% |
Market Drivers
4/30/2026 to 7/31/2026| Return | Correlation | |
|---|---|---|
| SEB | -22.3% | |
| Market (SPY) | 3.9% | -17.4% |
| Sector (XLI) | 3.0% | -19.7% |
Fundamental Drivers
The -13.1% change in SEB stock from 1/31/2026 to 7/31/2026 was primarily driven by a -40.9% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 7312026 | Change |
|---|---|---|---|
| Stock Price ($) | 5077.54 | 4413.26 | -13.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,818 | 9,830 | 0.1% |
| Net Income Margin (%) | 4.0% | 5.9% | 46.7% |
| P/E Multiple | 12.3 | 7.3 | -40.9% |
| Shares Outstanding (Mil) | 1 | 1 | 0.1% |
| Cumulative Contribution | -13.1% |
Market Drivers
1/31/2026 to 7/31/2026| Return | Correlation | |
|---|---|---|
| SEB | -13.1% | |
| Market (SPY) | 8.3% | -7.2% |
| Sector (XLI) | 9.0% | 0.2% |
Fundamental Drivers
The 39.6% change in SEB stock from 7/31/2025 to 7/31/2026 was primarily driven by a 305.2% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 7312026 | Change |
|---|---|---|---|
| Stock Price ($) | 3160.32 | 4413.26 | 39.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,496 | 9,830 | 3.5% |
| Net Income Margin (%) | 1.5% | 5.9% | 305.2% |
| P/E Multiple | 22.0 | 7.3 | -67.1% |
| Shares Outstanding (Mil) | 1 | 1 | 1.2% |
| Cumulative Contribution | 39.6% |
Market Drivers
7/31/2025 to 7/31/2026| Return | Correlation | |
|---|---|---|
| SEB | 39.6% | |
| Market (SPY) | 19.2% | 0.8% |
| Sector (XLI) | 19.5% | 4.3% |
Fundamental Drivers
The 23.4% change in SEB stock from 7/31/2023 to 7/31/2026 was primarily driven by a 41.9% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 7312026 | Change |
|---|---|---|---|
| Stock Price ($) | 3576.34 | 4413.26 | 23.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,033 | 9,830 | -10.9% |
| Net Income Margin (%) | 4.2% | 5.9% | 41.9% |
| P/E Multiple | 9.0 | 7.3 | -19.5% |
| Shares Outstanding (Mil) | 1 | 1 | 21.2% |
| Cumulative Contribution | 23.4% |
Market Drivers
7/31/2023 to 7/31/2026| Return | Correlation | |
|---|---|---|
| SEB | 23.4% | |
| Market (SPY) | 68.9% | 10.5% |
| Sector (XLI) | 69.6% | 11.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SEB Return | 30% | -4% | -5% | -32% | 83% | 1% | 51% |
| Peers Return | 38% | 2% | 2% | -13% | 11% | 23% | 71% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| SEB Win Rate | 75% | 50% | 58% | 42% | 58% | 71% | |
| Peers Win Rate | 60% | 58% | 48% | 37% | 53% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| SEB Max Drawdown | -13% | -21% | -14% | -36% | -20% | -27% | |
| Peers Max Drawdown | -18% | -33% | -25% | -25% | -24% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 7/31/2026 (YTD)
How Low Can It Go
| Event | SEB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.7% | -18.8% |
| % Gain to Breakeven | 21.5% | 23.1% |
| Time to Breakeven | 42 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -12.9% | -24.5% |
| % Gain to Breakeven | 14.8% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.0% | -33.7% |
| % Gain to Breakeven | 42.9% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.2% | -12.2% |
| % Gain to Breakeven | 37.3% | 13.9% |
| Time to Breakeven | 259 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -14.5% | -6.8% |
| % Gain to Breakeven | 16.9% | 7.3% |
| Time to Breakeven | 21 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.7% | -17.9% |
| % Gain to Breakeven | 58.0% | 21.8% |
| Time to Breakeven | 482 days | 123 days |
In The Past
Seaboard's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% 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.
| Event | SEB | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -30.0% | -33.7% |
| % Gain to Breakeven | 42.9% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -27.2% | -12.2% |
| % Gain to Breakeven | 37.3% | 13.9% |
| Time to Breakeven | 259 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -36.7% | -17.9% |
| % Gain to Breakeven | 58.0% | 21.8% |
| Time to Breakeven | 482 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -45.2% | -53.4% |
| % Gain to Breakeven | 82.4% | 114.4% |
| Time to Breakeven | 322 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -21.2% | -8.6% |
| % Gain to Breakeven | 27.0% | 9.5% |
| Time to Breakeven | 1289 days | 47 days |
In The Past
Seaboard's stock fell -17.7% during the 2025 US Tariff Shock. Such a loss loss requires a 21.5% 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)
Seaboard Corporation (SEB) is a diversified agribusiness and transportation company with significant global operations. The company's business spans various critical sectors, primarily focusing on food production and processing, international shipping, and energy generation. This broad portfolio enables Seaboard to participate in multiple stages of the food supply chain and deliver essential services across different continents.
The company's agribusiness segments are extensive. Seaboard is a major producer in the pork industry, offering fresh and frozen pork products, hogs, and biodiesel to processors, foodservice operators, and grocery stores. Its Commodity Trading and Milling operations involve sourcing, transporting, and marketing essential grains like wheat, corn, and soybeans, alongside producing flour, animal feed, and oilseed crush commodities. Additionally, Seaboard cultivates and processes organic turkey products for retail and foodservice, and produces sugar, alcohol, and energy from sugarcane by-products.
Beyond agribusiness, Seaboard's Marine segment provides vital cargo shipping services, linking the United States with numerous countries in the Caribbean, Central, and South America, handling dry, refrigerated, and specialized containers. The company also operates as an independent power producer, supplying electricity to the power grid in the Dominican Republic. This unique combination of agricultural prowess, global logistics, and power generation solidifies Seaboard's position as a multifaceted entity with diverse revenue streams and market reach.
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
AI Analysis | Feedback
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.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 75.03 |
| Mkt Cap | 17.1 |
| Rev LTM | 33,964 |
| Op Inc LTM | 1,157 |
| FCF LTM | 339 |
| FCF 3Y Avg | 536 |
| CFO LTM | 1,041 |
| CFO 3Y Avg | 1,288 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.2% |
| Rev Chg 3Y Avg | -1.7% |
| Rev Chg Q | 3.1% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | -5.7% |
| Op Inc Chg 3Y Avg | -7.3% |
| Op Mgn LTM | 2.5% |
| Op Mgn 3Y Avg | 2.4% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 4.6% |
| CFO/Rev 3Y Avg | 4.8% |
| FCF/Rev LTM | 1.0% |
| FCF/Rev 3Y Avg | 2.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.1 |
| P/S | 0.4 |
| P/Op Inc | 15.0 |
| P/EBIT | 14.2 |
| P/E | 25.0 |
| P/CFO | 11.6 |
| Total Yield | 7.0% |
| Dividend Yield | 2.6% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Commodity Trading and Milling (CT&M) | 5,173 | 4,717 | 5,139 | 6,290 | 5,154 |
| Pork | 2,058 | 2,093 | 2,516 | 2,605 | 2,481 |
| Marine | 1,611 | 1,393 | 1,499 | 2,043 | 1,396 |
| Liquid Fuels | 605 | 556 | |||
| Power | 232 | 239 | 237 | 158 | 60 |
| All Other and Corporate | 113 | 145 | 12 | 18 | 15 |
| Intersegment Eliminations | -46 | -43 | |||
| Sugar and Alcohol | 159 | 129 | 123 | ||
| Total | 9,746 | 9,100 | 9,562 | 11,243 | 9,229 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Marine | 165 | 82 | 228 | 591 | 197 |
| Commodity Trading and Milling (CT&M) | 143 | 132 | 145 | 151 | 61 |
| Pork | 67 | 20 | -528 | -96 | 227 |
| Power | 46 | 61 | 71 | 14 | -9 |
| Intersegment Eliminations | 0 | 0 | |||
| All Other and Corporate | -55 | -39 | 0 | 1 | 1 |
| Liquid Fuels | -127 | -100 | |||
| Corporate | -21 | -15 | -21 | ||
| Sugar and Alcohol | 18 | 11 | 2 | ||
| Total | 239 | 156 | -87 | 657 | 458 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pork | 2,033 | 2,111 | 2,721 | 2,698 | 2,265 |
| All Other and Corporate | 1,815 | 1,636 | 4 | 6 | 7 |
| Commodity Trading and Milling (CT&M) | 1,662 | 1,615 | 1,590 | 1,915 | 2,054 |
| Marine | 1,285 | 992 | 847 | 882 | 749 |
| Liquid Fuels | 690 | 630 | |||
| Turkey | 413 | 375 | 360 | 350 | 245 |
| Power | 348 | 306 | 337 | 342 | 359 |
| Intersegment Eliminations | 0 | 0 | |||
| Corporate | 1,528 | 1,544 | 1,669 | ||
| Sugar and Alcohol | 179 | 165 | 155 | ||
| Total | 8,246 | 7,665 | 7,566 | 7,902 | 7,503 |
Price Behavior
| Market Price | $4,413.26 | |
| Market Cap ($ Bil) | 4.2 | |
| First Trading Date | 03/17/1980 | |
| Distance from 52W High | -25.9% | |
| 50 Days | 200 Days | |
| DMA Price | $4,810.26 | $4,758.36 |
| DMA Trend | up | down |
| Distance from DMA | -8.3% | -7.3% |
| 3M | 1YR | |
| Volatility | 43.7% | 37.8% |
| Downside Capture | 29.04 | -25.24 |
| Upside Capture | -79.19 | 18.52 |
| Correlation (SPY) | -17.0% | 1.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.17 | -0.39 | -0.56 | -0.20 | 0.03 | 0.21 |
| Up Beta | -0.33 | -0.69 | -1.65 | 0.06 | 0.53 | 0.29 |
| Down Beta | -0.20 | -0.64 | -0.48 | -0.47 | -0.34 | 0.33 |
| Up Capture | -20% | -63% | -71% | -25% | 13% | 3% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 22 | 33 | 71 | 145 | 385 |
| Down Capture | -4% | 24% | 31% | -12% | -34% | 12% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 21 | 30 | 55 | 107 | 366 |
[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 | 37.5% | 37.7% | 0.92 | - |
| Sector ETF (XLI) | 19.6% | 16.9% | 0.89 | 4.4% |
| Equity (SPY) | 18.8% | 12.9% | 1.07 | 1.0% |
| Gold (GLD) | 23.6% | 28.1% | 0.74 | 5.6% |
| Commodities (DBC) | 30.2% | 19.7% | 1.22 | 12.1% |
| Real Estate (VNQ) | 13.7% | 13.9% | 0.69 | 15.1% |
| Bitcoin (BTCUSD) | -44.8% | 42.9% | -1.26 | -7.6% |
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 | 2.6% | 28.3% | 0.10 | - |
| Sector ETF (XLI) | 13.3% | 17.6% | 0.59 | 15.0% |
| Equity (SPY) | 12.6% | 17.1% | 0.56 | 13.0% |
| Gold (GLD) | 17.1% | 18.5% | 0.75 | 2.2% |
| Commodities (DBC) | 9.0% | 19.5% | 0.35 | 8.8% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 14.8% |
| Bitcoin (BTCUSD) | 14.2% | 53.3% | 0.45 | 3.4% |
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 | 4.4% | 29.4% | 0.20 | - |
| Sector ETF (XLI) | 13.9% | 20.0% | 0.61 | 21.9% |
| Equity (SPY) | 15.0% | 17.9% | 0.71 | 19.4% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 2.5% |
| Commodities (DBC) | 7.3% | 18.0% | 0.32 | 11.9% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 20.6% |
| Bitcoin (BTCUSD) | 58.2% | 66.2% | 0.98 | 2.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -13.8% | -18.4% | -5.7% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 11 |
| # Negative | 14 | 12 | 13 |
| Median Positive | 0.9% | 4.0% | 6.1% |
| Median Negative | -1.9% | -3.4% | -2.3% |
| Max Positive | 11.9% | 10.0% | 41.8% |
| Max Negative | -13.8% | -18.4% | -10.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -13.8% | -18.4% | -5.7% |
| 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 | 14 | 12 | 13 |
| Median Positive | 0.9% | 4.0% | 6.1% |
| Median Negative | -1.9% | -3.4% | -2.3% |
| Max Positive | 11.9% | 10.0% | 41.8% |
| Max Negative | -13.8% | -18.4% | -10.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 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 |
| 12/31/2021 | 02/15/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/17/2021 | 10-K |
| 09/30/2020 | 10/27/2020 | 10-Q |
| 06/30/2020 | 07/28/2020 | 10-Q |
| 03/31/2020 | 04/27/2020 | 10-Q |
| 12/31/2019 | 02/19/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Investor Activity (13F)
Updated Aug 1, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Conglomerates Resources |
| Bloomberg Businessweek |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.