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Seaboard SEB Marine — Cost of Goods Sold

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Other financials

Income statement

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Revenue$2.4B+3.6%
Gross profit$217.0M+52.8%
Operating income$96.0M+153%
Net income$120.0M+275%
EPS (diluted)$124.24+277%

Balance sheet

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Cash & equivalents$111.0M+27.6%
Total debt$1.3B-1.2%
Total equity$5.3B+12.5%
Total assets$8.4B+10.4%

Cash flow

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Operating cash flow-$54.0M-170%
CapEx$96.0M-11.9%
Free cash flow-$150.0M-16.3%

Valuation

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Market cap$4.1B+22.5%
Enterprise value$5.34B+16.4%
P/E-16.4×
P/S0.4×+0.1×

Profitability

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Gross margin7.8%+1.0pp
Operating margin3%+0.7pp
Net margin6%+4.9pp
FCF margin-0.2%-0.1pp

Returns & leverage

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Return on equity11.7%+9.6pp
Debt / equity0.3×0.0×
Current ratio2.4×-0.1×

Where this comes from

Reported directly by Seaboard in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Seaboard’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000088121-26-000044
(Millions of dollars)PorkCT&MMarineLiquid / FuelsPowerTurkeyAll / Other / and / CorporateInter- / Segment / ElimsTotal
Intersegment net sales (a)121(13)
Total segment/consolidated net sales$$497$1,205$429$19760$$25$(13)2,400
Less significant segment expenses:
Cost of sales4611,1473641554722(13)2,183
Selling, general and administrative expenses2941315411121
Total segment/consolidated operating income (loss)$$7$17$34$379$$(8)96
Income from affiliates12512442
Total operating income (loss) and income from affiliates$$19$22$35$37$9$24$(8)138

Item 1. Financial Statements

FAQ

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.

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