CluenexSeaboard Corporation SEB
Seaboard Corporation scores weak on business quality (3.7 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Seaboard Corporation does
Seaboard operates primarily as an agribusiness and pork producer, selling meat and marine transportation services to commercial buyers and consumers. Northern Sun Energy recently expanded its solar footprint for Seaboard Solar in New York, adding 23 megawatts of clean energy capacity to power operations.
- What it does best
Seaboard commands a top quartile revenue growth rank of 71 in its sector, outpacing peers like CAG at -2.8%. This scale gives it immense procurement reach, though thin margins limit the competitive advantage.
- The main risk
Thin profitability exposes the company to extreme commodity volatility, leaving operating margins at 3.4% which is well below sector norms. A spike in feed costs or trade disruption leaves virtually no buffer to protect net income.
Quality, check by check
Scored against its own industry, from company filings.
Gross margin is 8.1% and operating margin rests at 3.4%. FCF margin is 2% in the bottom decile. Scale does not yield pricing power here.
The gross margin sits in the bottom decile at 8.1%, trailing peers like CAG at 24.0%. This reflects a commodity business with virtually no pricing power or switching costs to protect returns.
Revenue grew 7.1% to $10.3B, recovering from the 2023 dip to $9.6B seen in annual history. The pace remains moderate compared to historical swings.
Debt-to-equity sits at 0.3 with interest coverage at 4.8x. Free cash flow dipped to -$23.0M on $500.0M of capex, leaving the balance sheet softer despite manageable debt loads.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on SEB
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Seaboard Corporation scores weak on the Cluenex quality check (3.7 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 26, 2026.
See SEB today
- Today's verdict on SEB, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Seaboard Corporation (SEB)”, https://cluenex.com/stocks/seb/, data as of Oct 10, 2026.