SEBSeaboard Corporation
The financials
Seaboard Corporation by the numbers
Seaboard Corporation (SEB) reported revenue of $2.77B in Q3 2026 (quarter ended Oct 3, 2026), up 9.1% from the same quarter a year earlier. That came with a gross margin of 4.8% and net income of $29M (1.0% of revenue). For the full year FY2025, revenue was $9.75B (+7.1% year on year) and net income $501M. Its largest segment in Q2 2026 (quarter ended Jul 4, 2026) was Commodity Trading And Milling at $1.54B, 53% of the disclosed total, well ahead of Pork at 17%. The next results filing is expected around Feb 11, 2027, the same week as a year ago.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $2.77B | $2.54B | +9.1% |
| Gross profit | $132M | $198M | −33% |
| Operating income | $13M | $84M | −85% |
| Net income | $29M | $110M | −74% |
| Diluted EPS | $29.23 | $113.71 | −74% |
| 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% |
Over its last three fiscal years Seaboard Corporation booked a net tax benefit equal to 7.2% of its pretax profit, 5.9% once deferred tax is taken out, below the 21.3% median for US companies in our tax study.
Business segments
Revenue split by operating segment, from SEC XBRL filings.
- Commodity Trading And Milling$1.54B$1.54Bvs last quarter +29%vs a year ago +15%+29%+15%
- Pork$483.0M$483.0Mvs last quarter +3.9%vs a year ago -5.5%+3.9%-5.5%
- Marine$403.0M$403.0Mvs last quarter -5.8%vs a year ago +5.2%-5.8%+5.2%
- Liquid Fuels$370.0M$370.0Mvs last quarter +88%vs a year ago +153%+88%+153%
- Power$74.0M$74.0Mvs last quarter +23%vs a year ago +37%+23%+37%
- Corporate And Other$22.0M$22.0Mvs last quarter -4.3%vs a year ago -8.3%-4.3%-8.3%
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