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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) 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 $2.4B, roughly 1.0× OLD REPUBLIC INTERNATIONAL CORP). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 10.6%, a 3.2% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs -2.9%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 4.9%).

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

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...

ORI vs SEB — Head-to-Head

Bigger by revenue
SEB
SEB
1.0× larger
SEB
$2.4B
$2.4B
ORI
Growing faster (revenue YoY)
ORI
ORI
+9.6% gap
ORI
6.7%
-2.9%
SEB
Higher net margin
ORI
ORI
3.2% more per $
ORI
13.8%
10.6%
SEB
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
4.9%
SEB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORI
ORI
SEB
SEB
Revenue
$2.4B
$2.4B
Net Profit
$330.0M
$255.0M
Gross Margin
7.9%
Operating Margin
2.7%
Net Margin
13.8%
10.6%
Revenue YoY
6.7%
-2.9%
Net Profit YoY
-145.5%
63.5%
EPS (diluted)
$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
ORI
ORI
SEB
SEB
Q1 26
$2.4B
Q4 25
$2.4B
$2.4B
Q3 25
$2.4B
$2.5B
Q2 25
$2.2B
$2.5B
Q1 25
$2.1B
$2.3B
Q4 24
$2.0B
$2.5B
Q3 24
$2.3B
$2.2B
Q2 24
$1.9B
$2.2B
Net Profit
ORI
ORI
SEB
SEB
Q1 26
$330.0M
Q4 25
$206.5M
$255.0M
Q3 25
$279.5M
$110.0M
Q2 25
$204.4M
$104.0M
Q1 25
$245.0M
$32.0M
Q4 24
$105.3M
$156.0M
Q3 24
$338.9M
$-149.0M
Q2 24
$91.8M
$61.0M
Gross Margin
ORI
ORI
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
6.2%
Q2 24
5.8%
Operating Margin
ORI
ORI
SEB
SEB
Q1 26
Q4 25
2.7%
Q3 25
14.6%
3.3%
Q2 25
11.8%
2.1%
Q1 25
14.6%
1.6%
Q4 24
4.6%
Q3 24
18.2%
1.4%
Q2 24
6.1%
1.4%
Net Margin
ORI
ORI
SEB
SEB
Q1 26
13.8%
Q4 25
8.6%
10.6%
Q3 25
11.5%
4.3%
Q2 25
9.3%
4.2%
Q1 25
11.6%
1.4%
Q4 24
5.3%
6.3%
Q3 24
14.5%
-6.7%
Q2 24
4.9%
2.8%
EPS (diluted)
ORI
ORI
SEB
SEB
Q1 26
Q4 25
$0.82
$262.58
Q3 25
$1.11
$113.71
Q2 25
$0.81
$105.22
Q1 25
$0.98
$32.95
Q4 24
$0.42
$158.58
Q3 24
$1.32
$-153.44
Q2 24
$0.35
$62.82

Balance Sheet & Financial Strength

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

Metric
ORI
ORI
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9M
$5.2B
Total Assets
$29.6M
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
SEB
SEB
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
ORI
ORI
SEB
SEB
Q1 26
$5.9M
Q4 25
$5.9B
$5.2B
Q3 25
$6.4B
$5.0B
Q2 25
$6.2B
$4.8B
Q1 25
$5.9B
$4.7B
Q4 24
$5.6B
$4.7B
Q3 24
$6.4B
$4.5B
Q2 24
$6.0B
$4.7B
Total Assets
ORI
ORI
SEB
SEB
Q1 26
$29.6M
Q4 25
$29.9B
$8.2B
Q3 25
$30.3B
$8.0B
Q2 25
$29.3B
$7.9B
Q1 25
$28.0B
$7.6B
Q4 24
$27.8B
$7.7B
Q3 24
$28.8B
$7.5B
Q2 24
$27.5B
$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
ORI
ORI
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
ORI
ORI
SEB
SEB
Q1 26
Q4 25
$234.9M
$188.0M
Q3 25
$563.9M
$319.0M
Q2 25
$133.8M
$81.0M
Q1 25
$231.7M
$-20.0M
Q4 24
$361.7M
$300.0M
Q3 24
$474.8M
$194.0M
Q2 24
$236.5M
$6.0M
Free Cash Flow
ORI
ORI
SEB
SEB
Q1 26
Q4 25
$53.0M
Q3 25
$152.0M
Q2 25
$-70.0M
Q1 25
$-129.0M
Q4 24
$162.0M
Q3 24
$58.0M
Q2 24
$-127.0M
FCF Margin
ORI
ORI
SEB
SEB
Q1 26
Q4 25
2.2%
Q3 25
6.0%
Q2 25
-2.8%
Q1 25
-5.6%
Q4 24
6.5%
Q3 24
2.6%
Q2 24
-5.7%
Capex Intensity
ORI
ORI
SEB
SEB
Q1 26
Q4 25
5.6%
Q3 25
6.6%
Q2 25
6.1%
Q1 25
4.7%
Q4 24
5.6%
Q3 24
6.1%
Q2 24
6.0%
Cash Conversion
ORI
ORI
SEB
SEB
Q1 26
Q4 25
1.14×
0.74×
Q3 25
2.02×
2.90×
Q2 25
0.65×
0.78×
Q1 25
0.95×
-0.63×
Q4 24
3.43×
1.92×
Q3 24
1.40×
Q2 24
2.58×
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORI
ORI

operating$2.2B92%
net investment gains$201.8M8%

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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