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

SEABOARD CORP is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.5× Globe Life). Globe Life runs the higher net margin — 17.3% vs 10.6%, a 6.8% gap on every dollar of revenue. On growth, Globe Life posted the faster year-over-year revenue change (5.3% vs -2.9%). Over the past eight quarters, SEABOARD CORP's revenue compounded faster (4.9% CAGR vs 4.1%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

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...

GL vs SEB — Head-to-Head

Bigger by revenue
SEB
SEB
1.5× larger
SEB
$2.4B
$1.6B
GL
Growing faster (revenue YoY)
GL
GL
+8.3% gap
GL
5.3%
-2.9%
SEB
Higher net margin
GL
GL
6.8% more per $
GL
17.3%
10.6%
SEB
Faster 2-yr revenue CAGR
SEB
SEB
Annualised
SEB
4.9%
4.1%
GL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GL
GL
SEB
SEB
Revenue
$1.6B
$2.4B
Net Profit
$270.5M
$255.0M
Gross Margin
7.9%
Operating Margin
2.7%
Net Margin
17.3%
10.6%
Revenue YoY
5.3%
-2.9%
Net Profit YoY
6.3%
63.5%
EPS (diluted)
$3.39
$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
GL
GL
SEB
SEB
Q1 26
$1.6B
Q4 25
$1.5B
$2.4B
Q3 25
$1.5B
$2.5B
Q2 25
$1.5B
$2.5B
Q1 25
$1.5B
$2.3B
Q4 24
$1.5B
$2.5B
Q3 24
$1.5B
$2.2B
Q2 24
$1.4B
$2.2B
Net Profit
GL
GL
SEB
SEB
Q1 26
$270.5M
Q4 25
$266.1M
$255.0M
Q3 25
$387.8M
$110.0M
Q2 25
$252.7M
$104.0M
Q1 25
$254.6M
$32.0M
Q4 24
$255.2M
$156.0M
Q3 24
$303.0M
$-149.0M
Q2 24
$258.4M
$61.0M
Gross Margin
GL
GL
SEB
SEB
Q1 26
Q4 25
7.9%
Q3 25
7.8%
Q2 25
6.5%
Q1 25
6.1%
Q4 24
9.0%
Q3 24
26.1%
6.2%
Q2 24
23.3%
5.8%
Operating Margin
GL
GL
SEB
SEB
Q1 26
Q4 25
21.7%
2.7%
Q3 25
31.5%
3.3%
Q2 25
21.2%
2.1%
Q1 25
21.4%
1.6%
Q4 24
21.3%
4.6%
Q3 24
26.3%
1.4%
Q2 24
23.5%
1.4%
Net Margin
GL
GL
SEB
SEB
Q1 26
17.3%
Q4 25
17.5%
10.6%
Q3 25
25.6%
4.3%
Q2 25
17.1%
4.2%
Q1 25
17.2%
1.4%
Q4 24
17.4%
6.3%
Q3 24
20.8%
-6.7%
Q2 24
17.9%
2.8%
EPS (diluted)
GL
GL
SEB
SEB
Q1 26
$3.39
Q4 25
$3.28
$262.58
Q3 25
$4.73
$113.71
Q2 25
$3.05
$105.22
Q1 25
$3.01
$32.95
Q4 24
$3.00
$158.58
Q3 24
$3.44
$-153.44
Q2 24
$2.83
$62.82

Balance Sheet & Financial Strength

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

Metric
GL
GL
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$183.8M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.1B
$5.2B
Total Assets
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
SEB
SEB
Q1 26
$183.8M
Q4 25
$314.7M
$1.2B
Q3 25
$62.8M
$1.2B
Q2 25
$116.7M
$1.1B
Q1 25
$134.1M
$1.1B
Q4 24
$85.0M
$1.2B
Q3 24
$100.5M
$1.2B
Q2 24
$100.6M
$1.2B
Stockholders' Equity
GL
GL
SEB
SEB
Q1 26
$6.1B
Q4 25
$6.0B
$5.2B
Q3 25
$5.7B
$5.0B
Q2 25
$5.4B
$4.8B
Q1 25
$5.4B
$4.7B
Q4 24
$5.3B
$4.7B
Q3 24
$4.6B
$4.5B
Q2 24
$5.2B
$4.7B
Total Assets
GL
GL
SEB
SEB
Q1 26
Q4 25
$30.8B
$8.2B
Q3 25
$30.5B
$8.0B
Q2 25
$29.8B
$7.9B
Q1 25
$29.7B
$7.6B
Q4 24
$29.1B
$7.7B
Q3 24
$29.6B
$7.5B
Q2 24
$28.3B
$7.7B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GL
GL
SEB
SEB
Q1 26
Q4 25
$350.6M
$188.0M
Q3 25
$306.0M
$319.0M
Q2 25
$307.9M
$81.0M
Q1 25
$431.9M
$-20.0M
Q4 24
$336.9M
$300.0M
Q3 24
$340.6M
$194.0M
Q2 24
$374.1M
$6.0M
Free Cash Flow
GL
GL
SEB
SEB
Q1 26
Q4 25
$330.1M
$53.0M
Q3 25
$208.7M
$152.0M
Q2 25
$295.0M
$-70.0M
Q1 25
$420.1M
$-129.0M
Q4 24
$321.9M
$162.0M
Q3 24
$311.3M
$58.0M
Q2 24
$356.5M
$-127.0M
FCF Margin
GL
GL
SEB
SEB
Q1 26
Q4 25
21.7%
2.2%
Q3 25
13.8%
6.0%
Q2 25
19.9%
-2.8%
Q1 25
28.4%
-5.6%
Q4 24
22.0%
6.5%
Q3 24
21.4%
2.6%
Q2 24
24.8%
-5.7%
Capex Intensity
GL
GL
SEB
SEB
Q1 26
Q4 25
1.3%
5.6%
Q3 25
6.4%
6.6%
Q2 25
0.9%
6.1%
Q1 25
0.8%
4.7%
Q4 24
1.0%
5.6%
Q3 24
2.0%
6.1%
Q2 24
1.2%
6.0%
Cash Conversion
GL
GL
SEB
SEB
Q1 26
Q4 25
1.32×
0.74×
Q3 25
0.79×
2.90×
Q2 25
1.22×
0.78×
Q1 25
1.70×
-0.63×
Q4 24
1.32×
1.92×
Q3 24
1.12×
Q2 24
1.45×
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

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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