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Andersons vs Seaboard: ANDE and SEB compared
Andersons is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $2.8B for Seaboard (Q3 2026). Seaboard is growing faster (+9% against +6% a year earlier). Andersons is more profitable, with an operating margin of 1.8% against 0.5%.
Where the money goes: ANDE and SEB
Andersons (ANDE) · Q3 2026
Andersons, Q3 2026: revenue $2.8B (+6% year over year), operating margin 1.8%, net earnings $46.4M, operating cash flow −$124M. The chart follows the revenue to costs, profit and cash.
Seaboard (SEB) · Q3 2026
Seaboard, Q3 2026: revenue $2.8B (+9% year over year), operating margin 0.5%, net earnings $29.0M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
| Andersons (ANDE) | Seaboard (SEB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.8B | $2.8B |
| Revenue growth, Y/Y | +6% | +9% |
| Gross margin | 6.4% | 4.8% |
| Operating margin | 1.8% | 0.5% |
| Net earnings | $46.4M | $29.0M |
| Net margin | 1.6% | 1.0% |
| Operating cash flow | −$124M | $266M |
| Free cash flow | — | $165M |
| Market value | $1.9B | $3.5B |
| P/E | 9.6× | 6.3× |
| Analysts’ mean target | $86.67 | — |
Where the revenue comes from
Seaboard
- CT&M: $1.5B (54%)
- Pork Segment: $461M (17%)
- Marine: $425M (15%)
- Liquid Fuels: $312M (11%)
Questions
Which is bigger, Andersons or Seaboard?
Andersons is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $2.8B for Seaboard (Q3 2026).
Is Andersons or Seaboard growing faster?
Seaboard is growing faster (+9% against +6% a year earlier).
Which is more profitable, Andersons or Seaboard?
Andersons is more profitable, with an operating margin of 1.8% against 0.5%.
More: Andersons earnings · how Andersons makes money · Seaboard earnings · how Seaboard makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.