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Side-by-side financial comparison of Alcoa Corp (AA) and SEABOARD CORP (SEB). Click either name above to swap in a different company.

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $2.4B, roughly 1.4× SEABOARD CORP). SEABOARD CORP runs the higher net margin — 10.6% vs 6.2%, a 4.4% gap on every dollar of revenue. On growth, Alcoa Corp posted the faster year-over-year revenue change (-1.1% vs -2.9%). Alcoa Corp produced more free cash flow last quarter ($294.0M vs $53.0M). Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs 4.9%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

Seaboard Corporation is a diverse multinational agribusiness and transportation conglomerate with integrated operations in several industries. In the United States, the company mainly engages in pork production and processing and ocean transportation. Internationally, Seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electrical power generation. The parent company, Seaboard Corporation is based in the Kansas City suburb of Merriam, Kansas. Its su...

AA vs SEB — Head-to-Head

Bigger by revenue
AA
AA
1.4× larger
AA
$3.4B
$2.4B
SEB
Growing faster (revenue YoY)
AA
AA
+1.8% gap
AA
-1.1%
-2.9%
SEB
Higher net margin
SEB
SEB
4.4% more per $
SEB
10.6%
6.2%
AA
More free cash flow
AA
AA
$241.0M more FCF
AA
$294.0M
$53.0M
SEB
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
4.9%
SEB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AA
AA
SEB
SEB
Revenue
$3.4B
$2.4B
Net Profit
$213.0M
$255.0M
Gross Margin
7.9%
Operating Margin
2.0%
2.7%
Net Margin
6.2%
10.6%
Revenue YoY
-1.1%
-2.9%
Net Profit YoY
5.4%
63.5%
EPS (diluted)
$0.80
$262.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
SEB
SEB
Q4 25
$3.4B
$2.4B
Q3 25
$3.0B
$2.5B
Q2 25
$3.0B
$2.5B
Q1 25
$3.4B
$2.3B
Q4 24
$3.5B
$2.5B
Q3 24
$2.9B
$2.2B
Q2 24
$2.9B
$2.2B
Q1 24
$2.6B
$2.2B
Net Profit
AA
AA
SEB
SEB
Q4 25
$213.0M
$255.0M
Q3 25
$232.0M
$110.0M
Q2 25
$164.0M
$104.0M
Q1 25
$548.0M
$32.0M
Q4 24
$202.0M
$156.0M
Q3 24
$90.0M
$-149.0M
Q2 24
$20.0M
$61.0M
Q1 24
$-252.0M
$22.0M
Gross Margin
AA
AA
SEB
SEB
Q4 25
7.9%
Q3 25
7.8%
Q2 25
6.5%
Q1 25
6.1%
Q4 24
9.0%
Q3 24
6.2%
Q2 24
5.8%
Q1 24
4.0%
Operating Margin
AA
AA
SEB
SEB
Q4 25
2.0%
2.7%
Q3 25
5.6%
3.3%
Q2 25
5.3%
2.1%
Q1 25
19.8%
1.6%
Q4 24
9.7%
4.6%
Q3 24
6.3%
1.4%
Q2 24
3.2%
1.4%
Q1 24
-12.5%
-0.9%
Net Margin
AA
AA
SEB
SEB
Q4 25
6.2%
10.6%
Q3 25
7.7%
4.3%
Q2 25
5.4%
4.2%
Q1 25
16.3%
1.4%
Q4 24
5.8%
6.3%
Q3 24
3.1%
-6.7%
Q2 24
0.7%
2.8%
Q1 24
-9.7%
1.0%
EPS (diluted)
AA
AA
SEB
SEB
Q4 25
$0.80
$262.58
Q3 25
$0.88
$113.71
Q2 25
$0.62
$105.22
Q1 25
$2.07
$32.95
Q4 24
$1.18
$158.58
Q3 24
$0.38
$-153.44
Q2 24
$0.11
$62.82
Q1 24
$-1.41
$22.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$1.6B
$1.2B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$6.1B
$5.2B
Total Assets
$16.1B
$8.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
SEB
SEB
Q4 25
$1.6B
$1.2B
Q3 25
$1.5B
$1.2B
Q2 25
$1.5B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$1.1B
$1.2B
Q3 24
$1.3B
$1.2B
Q2 24
$1.4B
$1.2B
Q1 24
$1.4B
$1.2B
Total Debt
AA
AA
SEB
SEB
Q4 25
$2.4B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AA
AA
SEB
SEB
Q4 25
$6.1B
$5.2B
Q3 25
$6.3B
$5.0B
Q2 25
$6.1B
$4.8B
Q1 25
$5.8B
$4.7B
Q4 24
$5.2B
$4.7B
Q3 24
$5.3B
$4.5B
Q2 24
$3.9B
$4.7B
Q1 24
$4.0B
$4.6B
Total Assets
AA
AA
SEB
SEB
Q4 25
$16.1B
$8.2B
Q3 25
$16.0B
$8.0B
Q2 25
$15.0B
$7.9B
Q1 25
$14.6B
$7.6B
Q4 24
$14.1B
$7.7B
Q3 24
$14.5B
$7.5B
Q2 24
$14.3B
$7.7B
Q1 24
$14.3B
$7.6B
Debt / Equity
AA
AA
SEB
SEB
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.44×
Q4 24
0.48×
Q3 24
0.47×
Q2 24
0.63×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
SEB
SEB
Operating Cash FlowLast quarter
$537.0M
$188.0M
Free Cash FlowOCF − Capex
$294.0M
$53.0M
FCF MarginFCF / Revenue
8.5%
2.2%
Capex IntensityCapex / Revenue
7.0%
5.6%
Cash ConversionOCF / Net Profit
2.52×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$567.0M
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
SEB
SEB
Q4 25
$537.0M
$188.0M
Q3 25
$85.0M
$319.0M
Q2 25
$488.0M
$81.0M
Q1 25
$75.0M
$-20.0M
Q4 24
$415.0M
$300.0M
Q3 24
$143.0M
$194.0M
Q2 24
$287.0M
$6.0M
Q1 24
$-223.0M
$19.0M
Free Cash Flow
AA
AA
SEB
SEB
Q4 25
$294.0M
$53.0M
Q3 25
$-66.0M
$152.0M
Q2 25
$357.0M
$-70.0M
Q1 25
$-18.0M
$-129.0M
Q4 24
$246.0M
$162.0M
Q3 24
$-3.0M
$58.0M
Q2 24
$123.0M
$-127.0M
Q1 24
$-324.0M
$-85.0M
FCF Margin
AA
AA
SEB
SEB
Q4 25
8.5%
2.2%
Q3 25
-2.2%
6.0%
Q2 25
11.8%
-2.8%
Q1 25
-0.5%
-5.6%
Q4 24
7.1%
6.5%
Q3 24
-0.1%
2.6%
Q2 24
4.2%
-5.7%
Q1 24
-12.5%
-3.9%
Capex Intensity
AA
AA
SEB
SEB
Q4 25
7.0%
5.6%
Q3 25
5.0%
6.6%
Q2 25
4.3%
6.1%
Q1 25
2.8%
4.7%
Q4 24
4.8%
5.6%
Q3 24
5.0%
6.1%
Q2 24
5.6%
6.0%
Q1 24
3.9%
4.7%
Cash Conversion
AA
AA
SEB
SEB
Q4 25
2.52×
0.74×
Q3 25
0.37×
2.90×
Q2 25
2.98×
0.78×
Q1 25
0.14×
-0.63×
Q4 24
2.05×
1.92×
Q3 24
1.59×
Q2 24
14.35×
0.10×
Q1 24
0.86×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

SEB
SEB

Commodity Trading And Milling$1.3B52%
Pork Segment$469.0M19%
Marine$444.0M18%
Other$108.0M4%
Energy Service$56.0M2%
Product And Service Other Services$15.0M1%
Transportation$6.0M0%

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