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The financials
Seaboard Corporation by the numbers
Seaboard Corporation (SEB) reported revenue of $2.40B in Q1 2026 (quarter ended Apr 4, 2026), up 3.6% from the same quarter a year earlier. That came with a gross margin of 9.0% and net income of $120M (5.0% of revenue). For the full year FY2025, revenue was $9.75B (+7.1% year on year) and net income $501M. Its largest segment in Jun 2026 was Commodity Trading And Milling at $1.54B, 53% of the disclosed total, well ahead of Pork at 17%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $2.40B | $2.32B | +3.6% |
| Gross profit | $217M | $142M | +53% |
| Operating income | $96M | $38M | +153% |
| Net income | $120M | $32M | +275% |
| Diluted EPS | $124.24 | $32.95 | +277% |
| Operating | Revenue | Share |
|---|---|---|
| Commodity Trading And Milling | $1.54B | 53% |
| Pork | $483M | 17% |
| Marine | $403M | 14% |
| Liquid Fuels | $370M | 13% |
| Power | $74M | 2.6% |
| Corporate And Other | $22M | 0.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $2.90B (+22%)
Liquid Fuels grew +153% year on yearCorporate And Other -8.3% year on year
Segment Latestquarter on quarteryear on year
- Commodity Trading And Milling$1.54B$1.54BQoQ +29%year on year +15%+29%+15%
- Pork$483.0M$483.0MQoQ +3.9%year on year -5.5%+3.9%-5.5%
- Marine$403.0M$403.0MQoQ -5.8%year on year +5.2%-5.8%+5.2%
- Liquid Fuels$370.0M$370.0MQoQ +88%year on year +153%+88%+153%
- Power$74.0M$74.0MQoQ +23%year on year +37%+23%+37%
- Corporate And Other$22.0M$22.0MQoQ -4.3%year on year -8.3%-4.3%-8.3%