Seaboard SEB Marine — Cost of Goods Sold

Other segment segments

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Questions, answered.

What is Seaboard's marine — cost of goods sold?

Seaboard (SEB) reported marine — cost of goods sold of $364M in Q1 2026.

How has Seaboard's marine — cost of goods sold changed year-over-year?

Seaboard's marine — cost of goods sold increased by 13.4% year-over-year, from $321M to $364M.

What is the long-term trend for Seaboard's marine — cost of goods sold?

Over 3 years (2022 to 2025), Seaboard's marine — cost of goods sold has grown at a -0.5% compound annual growth rate (CAGR), from $1.35B to $1.34B.

What does marine — cost of goods sold mean?

This represents the direct costs attributable to the production and delivery of marine shipping services, including fuel, crew wages, and vessel maintenance. It is a critical measure of operational efficiency and direct cost control within the segment. Analyzing this helps determine the gross margin profile of the marine operations.