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Side-by-side financial comparison of Campbell's Company (The) (CPB) and SEABOARD CORP (SEB). Click either name above to swap in a different company.

Campbell's Company (The) is the larger business by last-quarter revenue ($2.7B vs $2.4B, roughly 1.1× SEABOARD CORP). SEABOARD CORP runs the higher net margin — 10.6% vs 7.2%, a 3.3% gap on every dollar of revenue. On growth, SEABOARD CORP posted the faster year-over-year revenue change (-2.9% vs -3.4%). Campbell's Company (The) produced more free cash flow last quarter ($97.0M vs $53.0M). Over the past eight quarters, SEABOARD CORP's revenue compounded faster (4.9% CAGR vs 4.4%).

The Campbell's Company is an American company, most closely associated with its flagship canned soup products. The classic red-and-white can design used by many Campbell's branded products has become an American icon, and its use in pop art was typified by American artist Andy Warhol's series of Campbell's Soup Cans prints.

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...

CPB vs SEB — Head-to-Head

Bigger by revenue
CPB
CPB
1.1× larger
CPB
$2.7B
$2.4B
SEB
Growing faster (revenue YoY)
SEB
SEB
+0.5% gap
SEB
-2.9%
-3.4%
CPB
Higher net margin
SEB
SEB
3.3% more per $
SEB
10.6%
7.2%
CPB
More free cash flow
CPB
CPB
$44.0M more FCF
CPB
$97.0M
$53.0M
SEB
Faster 2-yr revenue CAGR
SEB
SEB
Annualised
SEB
4.9%
4.4%
CPB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CPB
CPB
SEB
SEB
Revenue
$2.7B
$2.4B
Net Profit
$194.0M
$255.0M
Gross Margin
29.6%
7.9%
Operating Margin
12.6%
2.7%
Net Margin
7.2%
10.6%
Revenue YoY
-3.4%
-2.9%
Net Profit YoY
-11.0%
63.5%
EPS (diluted)
$0.65
$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
CPB
CPB
SEB
SEB
Q4 25
$2.7B
$2.4B
Q3 25
$2.3B
$2.5B
Q2 25
$2.5B
$2.5B
Q1 25
$2.7B
$2.3B
Q4 24
$2.8B
$2.5B
Q3 24
$2.3B
$2.2B
Q2 24
$2.4B
$2.2B
Q1 24
$2.5B
$2.2B
Net Profit
CPB
CPB
SEB
SEB
Q4 25
$194.0M
$255.0M
Q3 25
$145.0M
$110.0M
Q2 25
$66.0M
$104.0M
Q1 25
$173.0M
$32.0M
Q4 24
$218.0M
$156.0M
Q3 24
$-3.0M
$-149.0M
Q2 24
$133.0M
$61.0M
Q1 24
$203.0M
$22.0M
Gross Margin
CPB
CPB
SEB
SEB
Q4 25
29.6%
7.9%
Q3 25
30.4%
7.8%
Q2 25
29.4%
6.5%
Q1 25
30.5%
6.1%
Q4 24
31.3%
9.0%
Q3 24
29.4%
6.2%
Q2 24
30.9%
5.8%
Q1 24
31.6%
4.0%
Operating Margin
CPB
CPB
SEB
SEB
Q4 25
12.6%
2.7%
Q3 25
11.6%
3.3%
Q2 25
6.5%
2.1%
Q1 25
12.2%
1.6%
Q4 24
13.2%
4.6%
Q3 24
3.4%
1.4%
Q2 24
10.5%
1.4%
Q1 24
12.9%
-0.9%
Net Margin
CPB
CPB
SEB
SEB
Q4 25
7.2%
10.6%
Q3 25
6.2%
4.3%
Q2 25
2.7%
4.2%
Q1 25
6.4%
1.4%
Q4 24
7.9%
6.3%
Q3 24
-0.1%
-6.7%
Q2 24
5.6%
2.8%
Q1 24
8.3%
1.0%
EPS (diluted)
CPB
CPB
SEB
SEB
Q4 25
$0.65
$262.58
Q3 25
$0.49
$113.71
Q2 25
$0.22
$105.22
Q1 25
$0.58
$32.95
Q4 24
$0.72
$158.58
Q3 24
$-0.01
$-153.44
Q2 24
$0.44
$62.82
Q1 24
$0.68
$22.66

Balance Sheet & Financial Strength

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

Metric
CPB
CPB
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$168.0M
$1.2B
Total DebtLower is stronger
$6.1B
Stockholders' EquityBook value
$4.0B
$5.2B
Total Assets
$15.2B
$8.2B
Debt / EquityLower = less leverage
1.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPB
CPB
SEB
SEB
Q4 25
$168.0M
$1.2B
Q3 25
$132.0M
$1.2B
Q2 25
$143.0M
$1.1B
Q1 25
$829.0M
$1.1B
Q4 24
$808.0M
$1.2B
Q3 24
$108.0M
$1.2B
Q2 24
$107.0M
$1.2B
Q1 24
$169.0M
$1.2B
Total Debt
CPB
CPB
SEB
SEB
Q4 25
$6.1B
Q3 25
$6.1B
Q2 25
$6.1B
Q1 25
$6.5B
Q4 24
$6.7B
Q3 24
$5.8B
Q2 24
$5.8B
Q1 24
$4.5B
Stockholders' Equity
CPB
CPB
SEB
SEB
Q4 25
$4.0B
$5.2B
Q3 25
$3.9B
$5.0B
Q2 25
$3.9B
$4.8B
Q1 25
$3.9B
$4.7B
Q4 24
$3.8B
$4.7B
Q3 24
$3.8B
$4.5B
Q2 24
$3.9B
$4.7B
Q1 24
$3.8B
$4.6B
Total Assets
CPB
CPB
SEB
SEB
Q4 25
$15.2B
$8.2B
Q3 25
$14.9B
$8.0B
Q2 25
$14.8B
$7.9B
Q1 25
$15.9B
$7.6B
Q4 24
$16.1B
$7.7B
Q3 24
$15.2B
$7.5B
Q2 24
$15.2B
$7.7B
Q1 24
$12.1B
$7.6B
Debt / Equity
CPB
CPB
SEB
SEB
Q4 25
1.54×
Q3 25
1.56×
Q2 25
1.58×
Q1 25
1.66×
Q4 24
1.75×
Q3 24
1.52×
Q2 24
1.47×
Q1 24
1.17×

Cash Flow & Capital Efficiency

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

Metric
CPB
CPB
SEB
SEB
Operating Cash FlowLast quarter
$224.0M
$188.0M
Free Cash FlowOCF − Capex
$97.0M
$53.0M
FCF MarginFCF / Revenue
3.6%
2.2%
Capex IntensityCapex / Revenue
4.7%
5.6%
Cash ConversionOCF / Net Profit
1.15×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$687.0M
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPB
CPB
SEB
SEB
Q4 25
$224.0M
$188.0M
Q3 25
$259.0M
$319.0M
Q2 25
$135.0M
$81.0M
Q1 25
$512.0M
$-20.0M
Q4 24
$225.0M
$300.0M
Q3 24
$288.0M
$194.0M
Q2 24
$213.0M
$6.0M
Q1 24
$510.0M
$19.0M
Free Cash Flow
CPB
CPB
SEB
SEB
Q4 25
$97.0M
$53.0M
Q3 25
$129.0M
$152.0M
Q2 25
$50.0M
$-70.0M
Q1 25
$411.0M
$-129.0M
Q4 24
$115.0M
$162.0M
Q3 24
$147.0M
$58.0M
Q2 24
$100.0M
$-127.0M
Q1 24
$390.0M
$-85.0M
FCF Margin
CPB
CPB
SEB
SEB
Q4 25
3.6%
2.2%
Q3 25
5.6%
6.0%
Q2 25
2.0%
-2.8%
Q1 25
15.3%
-5.6%
Q4 24
4.1%
6.5%
Q3 24
6.4%
2.6%
Q2 24
4.2%
-5.7%
Q1 24
15.9%
-3.9%
Capex Intensity
CPB
CPB
SEB
SEB
Q4 25
4.7%
5.6%
Q3 25
5.6%
6.6%
Q2 25
3.4%
6.1%
Q1 25
3.8%
4.7%
Q4 24
4.0%
5.6%
Q3 24
6.1%
6.1%
Q2 24
4.8%
6.0%
Q1 24
4.9%
4.7%
Cash Conversion
CPB
CPB
SEB
SEB
Q4 25
1.15×
0.74×
Q3 25
1.79×
2.90×
Q2 25
2.05×
0.78×
Q1 25
2.96×
-0.63×
Q4 24
1.03×
1.92×
Q3 24
Q2 24
1.60×
0.10×
Q1 24
2.51×
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPB
CPB

Baked Snacks$995.0M37%
Snacks$914.0M34%
Simple Meals$580.0M22%
Beverages$168.0M6%

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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