SEABOARD CORP /DE/

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

SEB$3,765.00-0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income


· · Years ended December 31, ·
(Millions of dollars except share and per share amounts)	2025		2024		2023
Net sales:
Products (includes sales to affiliates of $1,157, $1,168 and $1,119)		$7,803		$7,381	$7,754
Services (includes sales to affiliates of $39, $38 and $27)		1,706		1,473	1,566
Other		237		246	242
Total net sales		9,746		9,100	9,562
Cost of sales and operating expenses:
Products		7,510		7,129	7,893
Services		1,370		1,227	1,194
Other		173		168	159
Total cost of sales and operating expenses		9,053		8,524	9,246
Gross income		693		576	316
Selling, general and administrative expenses		454		420	403
Operating income (loss)		239		156	(87)
Interest expense (includes $1, $1 and $0 from affiliates)		(70)		(72)	(58)
Income from affiliates		138		85	105
Other income, net		103		77	147
Earnings before income taxes		410		246	107
Income tax benefit (expense)		91		(156)	120
Net earnings		$501		$90	$227
Less: Net earnings attributable to noncontrolling interests		(5)		(2)	(1)
Net earnings attributable to Seaboard		$496		$88	$226

Earnings per common share		$514.46		$90.62	$202.21
Average number of shares outstanding		964,113		971,055	1,117,636

Other comprehensive income, net of income tax expense of $0, $0 and $(4):
Foreign currency translation adjustment		28		4	(3)
Unrecognized pension benefit		7		30	15
Other comprehensive income, net of tax		$35		$34	$12
Comprehensive income		536		124	239
Less: Comprehensive income attributable to noncontrolling interests		(5)		(2)	(1)
Comprehensive income attributable to Seaboard		$531		$122	$238
See accompanying notes to consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.