Filing Flows › Seaboard (SEB) › Q4 2025
Seaboard (SEB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Seaboard (SEB) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -5% from the quarter before. Operating margin was 2.7%, net earnings $255M (10.6% of revenue).
Seaboard, Q4 2025: revenue $2.4B (-3% year over year), operating margin 2.7%, net earnings $255M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -5% | -3% |
| Gross profit | $191M | -4% | -14% |
| Operating profit | $65.0M | -23% | -43% |
| Net earnings | $255M | +132% | +63% |
| Operating cash flow | $188M | -41% | -37% |
| Free cash flow | $53.0M | -65% | -67% |
What changed
Revenue was $2.4B in Q4 2025, down 3% year over year and down 5% from the previous quarter. CT&M was the largest line at 52% of revenue.
Gross margin was 7.9%, down 1.1 points from a year earlier. Operating profit was $0.07B, a 2.7% margin (down 1.9 points year over year). Operating expenses grew 16% against a revenue fall of 3%. Net earnings were $0.25B, up 64% year over year. The effective tax rate was -91.7%. Non-operating items added $0.07B, 51% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.19B (down 37% year over year), 74% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items used $0.15B. Capital expenditures of $0.14B left free cash flow of $0.05B.
Questions
What was Seaboard's revenue in the fourth quarter 2025?
Seaboard (SEB) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -5% from the quarter before.
Was Seaboard profitable in the fourth quarter 2025?
Operating profit was $65.0M (2.7% of revenue) and net earnings $255M.
Source: Seaboard 10-K on SEC EDGAR.