Seaboard Corporation revenue by segment SEB

Annual Quarterly

Seaboard Corporation splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Commodity Trading And Milling at $5.2 billion, 53% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Product at $7.8 billion, 80% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Oct 3, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	10,503	9,746	9,100	9,562	11,243	9,229	7,126	6,840	6,583	5,809	5,379
Operating segments
Commodity Trading And Milling	5,512 +6.0% share 52.5%	5,173 +9.7% share 53.1%	4,717 -8.2% share 51.8%	5,139 -18.3% share 53.7%	6,290 +22.0% share 55.9%	5,154 +29.0% share 55.8%	3,994 +8.8% share 56.0%	3,672 +7.1% share 53.7%	3,428 +16.4% share 52.1%	2,945 share 50.7%	—
Pork	1,917 -7.5% share 18.3%	2,018 -1.8% share 20.7%	2,055 +13.0% share 22.6%	1,818 -30.2% share 19.0%	2,605 +5.0% share 23.2%	2,481 +27.8% share 26.9%	1,941 +4.9% share 27.2%	1,851 +4.3% share 27.1%	1,774 +10.3% share 26.9%	1,609 share 27.7%	—
Marine	1,700 +8.4% share 16.2%	1,605 +15.6% share 16.5%	1,388 -7.4% share 15.3%	1,499 -26.6% share 15.7%	2,043 +46.3% share 18.2%	1,396 +38.9% share 15.1%	1,005 -5.3% share 14.1%	1,061 +0.4% share 15.5%	1,057 +10.6% share 16.1%	956 share 16.5%	—
Liquid Fuels	1,039 +69.2% share 9.9%	605 +8.8% share 6.2%	556 -20.3% share 6.1%	698 +15.0% share 7.3%	607 share 5.4%	—	—	—	—	—	—
Power	230 -5.0% share 2.2%	232 -2.9% share 2.4%	239 +0.8% share 2.6%	237 +50.0% share 2.5%	158 +163.3% share 1.4%	60 -6.2% share 0.7%	64 -45.3% share 0.9%	117 -4.1% share 1.7%	122 +25.8% share 1.9%	97 share 1.7%	—
Corporate And Other	105 -14.6% share 1.0%	113 -22.1% share 1.2%	145 -15.2% share 1.6%	171 +850.0% share 1.8%	18 +20.0% share 0.2%	15 -6.2% share 0.2%	16 -11.1% share 0.2%	18 +0.0% share 0.3%	18 +12.5% share 0.3%	16 share 0.3%	—
Sales mix
Product	8,460 +7.0% share 80.5%	7,803 +5.7% share 80.1%	7,381 -4.8% share 81.1%	7,754 -13.6% share 81.1%	8,979 +16.4% share 79.9%	7,714 +28.7% share 83.6%	5,993 +6.8% share 84.1%	5,610 +5.2% share 82.0%	5,334 +13.7% share 81.0%	4,693 share 80.8%	—
Services	1,807 +8.5% share 17.2%	1,706 +15.8% share 17.5%	1,473 -5.9% share 16.2%	1,566 -25.4% share 16.4%	2,100 +45.3% share 18.7%	1,445 +36.6% share 15.7%	1,058 -4.2% share 14.8%	1,104 -1.1% share 16.1%	1,116 +10.6% share 17.0%	1,009 share 17.4%	—
Product And Service Other	236 -5.2% share 2.2%	237 -3.7% share 2.4%	246 +1.7% share 2.7%	242 +47.6% share 2.5%	164 +134.3% share 1.5%	70 -6.7% share 0.8%	75 -40.5% share 1.1%	126 -5.3% share 1.8%	133 +24.3% share 2.0%	107 share 1.8%	—
Energy Service	230 -5.0% share 2.2%	232 -2.9% share 2.4%	239 +0.8% share 2.6%	237 -61.2% share 2.5%	611 +71.1% share 5.4%	357 +63.0% share 3.9%	219 +4.3% share 3.1%	210 -25.5% share 3.1%	282 share 4.3%	—	—
Product And Service Other Services	51 -1.9% share 0.5%	53 +10.4% share 0.5%	48 +29.7% share 0.5%	37 +27.6% share 0.4%	29 share 0.3%	—	—	—	—	—	—
Transportation	24 +20.0% share 0.2%	22 +37.5% share 0.2%	16 +23.1% share 0.2%	13 +18.2% share 0.1%	11 +37.5% share 0.1%	8 +0.0% share 0.1%	8 -20.0% share 0.1%	10 +11.1% share 0.1%	9 share 0.1%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Wholesale-Farm Product Raw Materials (SIC 5150)
Listed as: SEB (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Shawnee Mission, KS
SEC filer status: Large accelerated filer
SEC CIK: 88121

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.