SEABOARD CORP /DE/
SEB· NYSE· Wholesale-Farm Product Raw Materials
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 0.1%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +6.5%
We record prices for the companies we cover; SEB is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 964,113
- Revenue
- $9.7B
- Free cash flow
- $6.0M
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 7.1%
- Operating
- 2.5%
- Net
- –
- Free cash flow
- 0.1%
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- -4.7%
- Revenue, 5 yr
- 6.5%
- Revenue, 9 yr
- 6.8%
- Diluted EPS, 3 yr
- 1.0%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -69.0%
- Free cash flow, 5 yr
- -28.5%
- Free cash flow, 9 yr
- -34.5%
Financial health · FY2025
- Cash and investments
- $1.2B
- Total debt
- $977.0M
- Net cash
- $253.0M
- Debt/Equity
- 0.2x
- Debt/FCF
- 162.8x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$9.7B
+6.8% a year over 9 years
FY2016FY2025
Margins
Gross7.1%Operating2.5%
FY2025
FY2016FY2025
Free cash flow and owner earnings
$6.0M
Free cash flow -34.5% a year
FY2016FY2025
Diluted shares
964,113
-16.9% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net cash
$253.0M
$253.0M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $5.4B | $5.8B | $6.6B | $6.8B | $7.1B | $9.2B | $11.2B | $9.6B | $9.1B | $9.7B |
| Revenue growth | -3.8% | 8.0% | 13.3% | 3.9% | 4.2% | 29.5% | 21.8% | -15.0% | -4.8% | 7.1% |
| Gross margin | 9.2% | 9.5% | 8.4% | 6.5% | 8.1% | 8.9% | 9.2% | 3.3% | 6.3% | 7.1% |
| Operating margin | 4.3% | 4.1% | 3.6% | 1.6% | 3.4% | 5.0% | 5.8% | -0.9% | 1.7% | 2.5% |
| Net income | – | – | – | – | – | – | – | – | – | – |
| Net margin | – | – | – | – | – | – | – | – | – | – |
| Diluted EPS | – | – | – | – | – | – | $499.66 | $202.21 | $90.62 | $514.46 |
| Return on invested capital? | 8.2% | 6.3% | 2.5% | 3.9% | 8.0% | 11.3% | – | – | 1.3% | – |
| Cash | ||||||||||
| Operating cash flow | $427.0M | $245.0M | $238.0M | $171.0M | $291.0M | $92.0M | $676.0M | $710.0M | $519.0M | $568.0M |
| Capital expenditure | $158.0M | $173.0M | $162.0M | $349.0M | $259.0M | $460.0M | $474.0M | $506.0M | $511.0M | $562.0M |
| Free cash flow | $269.0M | $72.0M | $76.0M | -$178.0M | $32.0M | -$368.0M | $202.0M | $204.0M | $8.0M | $6.0M |
| Stock-based compensation | – | – | – | – | – | – | – | – | – | – |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | $174.02 | $182.53 | $8.24 | $6.22 |
| Capital allocation | ||||||||||
| Dividends paid | – | $7.0M | $7.0M | $10.0M | $10.0M | $10.0M | $10.0M | $10.0M | $9.0M | $9.0M |
| Share repurchases | – | – | $5.0M | $17.0M | $13.0M | – | – | $600.0M | $8.0M | $39.0M |
| Diluted shares | – | – | – | – | – | – | 1.2M | 1.1M | 971,055 | 964,113 |
| Share count change? | – | – | – | – | – | – | – | -3.7% | -13.1% | -0.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $77.0M | $116.0M | $194.0M | $125.0M | $76.0M | $75.0M | $199.0M | $56.0M | $98.0M | $178.0M |
| Short-term investments | $1.3B | $1.6B | $1.3B | $1.4B | $1.5B | $1.4B | $1.1B | $973.0M | $1.1B | $1.1B |
| Total debt | $499.0M | $482.0M | $778.0M | $792.0M | $762.0M | $716.0M | $702.0M | $997.0M | $987.0M | $977.0M |
| Net debt | -$855.0M | -$1.2B | -$752.0M | -$767.0M | -$779.0M | -$775.0M | -$583.0M | -$32.0M | -$186.0M | -$253.0M |
| Shareholders' equity | $3.2B | $3.4B | $3.3B | $3.6B | $3.8B | $4.4B | $5.0B | $4.6B | $4.7B | $5.2B |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-03-06 | DEF 14A | Proxy statement |
| 2026-02-12 | 10-K | Annual report |
| 2026-02-12 | 8-K | Earnings release |
| 2025-10-28 | 10-Q | Quarterly report |
| 2025-10-28 | 8-K | Earnings release |
| 2025-07-29 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
