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Side-by-side financial comparison of Realty Income (O) 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 $1.5B, roughly 1.6× Realty Income). Realty Income runs the higher net margin — 19.9% vs 10.6%, a 9.3% gap on every dollar of revenue. On growth, Realty Income posted the faster year-over-year revenue change (11.0% vs -2.9%). Realty Income produced more free cash flow last quarter ($1.2B vs $53.0M). Over the past eight quarters, Realty Income's revenue compounded faster (8.6% CAGR vs 4.9%).

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

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...

O vs SEB — Head-to-Head

Bigger by revenue
SEB
SEB
1.6× larger
SEB
$2.4B
$1.5B
O
Growing faster (revenue YoY)
O
O
+13.9% gap
O
11.0%
-2.9%
SEB
Higher net margin
O
O
9.3% more per $
O
19.9%
10.6%
SEB
More free cash flow
O
O
$1.1B more FCF
O
$1.2B
$53.0M
SEB
Faster 2-yr revenue CAGR
O
O
Annualised
O
8.6%
4.9%
SEB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
O
O
SEB
SEB
Revenue
$1.5B
$2.4B
Net Profit
$296.1M
$255.0M
Gross Margin
7.9%
Operating Margin
21.7%
2.7%
Net Margin
19.9%
10.6%
Revenue YoY
11.0%
-2.9%
Net Profit YoY
48.3%
63.5%
EPS (diluted)
$0.32
$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
O
O
SEB
SEB
Q4 25
$1.5B
$2.4B
Q3 25
$1.5B
$2.5B
Q2 25
$1.4B
$2.5B
Q1 25
$1.4B
$2.3B
Q4 24
$1.3B
$2.5B
Q3 24
$1.3B
$2.2B
Q2 24
$1.3B
$2.2B
Q1 24
$1.3B
$2.2B
Net Profit
O
O
SEB
SEB
Q4 25
$296.1M
$255.0M
Q3 25
$315.8M
$110.0M
Q2 25
$196.9M
$104.0M
Q1 25
$249.8M
$32.0M
Q4 24
$199.6M
$156.0M
Q3 24
$269.5M
$-149.0M
Q2 24
$259.4M
$61.0M
Q1 24
$132.3M
$22.0M
Gross Margin
O
O
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
O
O
SEB
SEB
Q4 25
21.7%
2.7%
Q3 25
23.2%
3.3%
Q2 25
15.8%
2.1%
Q1 25
19.3%
1.6%
Q4 24
16.5%
4.6%
Q3 24
21.5%
1.4%
Q2 24
20.7%
1.4%
Q1 24
11.9%
-0.9%
Net Margin
O
O
SEB
SEB
Q4 25
19.9%
10.6%
Q3 25
21.5%
4.3%
Q2 25
14.0%
4.2%
Q1 25
18.1%
1.4%
Q4 24
14.9%
6.3%
Q3 24
20.2%
-6.7%
Q2 24
19.4%
2.8%
Q1 24
10.5%
1.0%
EPS (diluted)
O
O
SEB
SEB
Q4 25
$0.32
$262.58
Q3 25
$0.35
$113.71
Q2 25
$0.22
$105.22
Q1 25
$0.28
$32.95
Q4 24
$0.23
$158.58
Q3 24
$0.30
$-153.44
Q2 24
$0.29
$62.82
Q1 24
$0.16
$22.66

Balance Sheet & Financial Strength

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

Metric
O
O
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$434.8M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$39.4B
$5.2B
Total Assets
$72.8B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
O
O
SEB
SEB
Q4 25
$434.8M
$1.2B
Q3 25
$417.2M
$1.2B
Q2 25
$800.4M
$1.1B
Q1 25
$319.0M
$1.1B
Q4 24
$445.0M
$1.2B
Q3 24
$397.0M
$1.2B
Q2 24
$442.8M
$1.2B
Q1 24
$680.2M
$1.2B
Stockholders' Equity
O
O
SEB
SEB
Q4 25
$39.4B
$5.2B
Q3 25
$39.1B
$5.0B
Q2 25
$39.2B
$4.8B
Q1 25
$39.0B
$4.7B
Q4 24
$38.8B
$4.7B
Q3 24
$38.5B
$4.5B
Q2 24
$38.6B
$4.7B
Q1 24
$39.0B
$4.6B
Total Assets
O
O
SEB
SEB
Q4 25
$72.8B
$8.2B
Q3 25
$71.3B
$8.0B
Q2 25
$71.4B
$7.9B
Q1 25
$69.8B
$7.6B
Q4 24
$68.8B
$7.7B
Q3 24
$68.5B
$7.5B
Q2 24
$68.1B
$7.7B
Q1 24
$68.3B
$7.6B

Cash Flow & Capital Efficiency

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

Metric
O
O
SEB
SEB
Operating Cash FlowLast quarter
$1.2B
$188.0M
Free Cash FlowOCF − Capex
$1.2B
$53.0M
FCF MarginFCF / Revenue
77.6%
2.2%
Capex IntensityCapex / Revenue
3.3%
5.6%
Cash ConversionOCF / Net Profit
4.06×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$3.9B
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
O
O
SEB
SEB
Q4 25
$1.2B
$188.0M
Q3 25
$943.1M
$319.0M
Q2 25
$1.1B
$81.0M
Q1 25
$787.5M
$-20.0M
Q4 24
$972.0M
$300.0M
Q3 24
$841.5M
$194.0M
Q2 24
$981.2M
$6.0M
Q1 24
$778.7M
$19.0M
Free Cash Flow
O
O
SEB
SEB
Q4 25
$1.2B
$53.0M
Q3 25
$909.9M
$152.0M
Q2 25
$1.0B
$-70.0M
Q1 25
$764.6M
$-129.0M
Q4 24
$935.8M
$162.0M
Q3 24
$807.9M
$58.0M
Q2 24
$939.2M
$-127.0M
Q1 24
$769.0M
$-85.0M
FCF Margin
O
O
SEB
SEB
Q4 25
77.6%
2.2%
Q3 25
61.9%
6.0%
Q2 25
73.3%
-2.8%
Q1 25
55.4%
-5.6%
Q4 24
69.8%
6.5%
Q3 24
60.7%
2.6%
Q2 24
70.1%
-5.7%
Q1 24
61.0%
-3.9%
Capex Intensity
O
O
SEB
SEB
Q4 25
3.3%
5.6%
Q3 25
2.3%
6.6%
Q2 25
1.9%
6.1%
Q1 25
1.7%
4.7%
Q4 24
2.7%
5.6%
Q3 24
2.5%
6.1%
Q2 24
3.1%
6.0%
Q1 24
0.8%
4.7%
Cash Conversion
O
O
SEB
SEB
Q4 25
4.06×
0.74×
Q3 25
2.99×
2.90×
Q2 25
5.39×
0.78×
Q1 25
3.15×
-0.63×
Q4 24
4.87×
1.92×
Q3 24
3.12×
Q2 24
3.78×
0.10×
Q1 24
5.89×
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

O
O

Product And Service Retail$900.8M61%
Other$531.5M36%

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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