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Side-by-side financial comparison of PPL Corporation (PPL) 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 $2.3B, roughly 1.0× PPL Corporation). PPL Corporation runs the higher net margin — 11.3% vs 10.6%, a 0.7% gap on every dollar of revenue. On growth, PPL Corporation posted the faster year-over-year revenue change (7.2% vs -2.9%). SEABOARD CORP produced more free cash flow last quarter ($53.0M vs $-614.0M). Over the past eight quarters, SEABOARD CORP's revenue compounded faster (4.9% CAGR vs 1.0%).

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

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...

PPL vs SEB — Head-to-Head

Bigger by revenue
SEB
SEB
1.0× larger
SEB
$2.4B
$2.3B
PPL
Growing faster (revenue YoY)
PPL
PPL
+10.1% gap
PPL
7.2%
-2.9%
SEB
Higher net margin
PPL
PPL
0.7% more per $
PPL
11.3%
10.6%
SEB
More free cash flow
SEB
SEB
$667.0M more FCF
SEB
$53.0M
$-614.0M
PPL
Faster 2-yr revenue CAGR
SEB
SEB
Annualised
SEB
4.9%
1.0%
PPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PPL
PPL
SEB
SEB
Revenue
$2.3B
$2.4B
Net Profit
$266.0M
$255.0M
Gross Margin
7.9%
Operating Margin
20.3%
2.7%
Net Margin
11.3%
10.6%
Revenue YoY
7.2%
-2.9%
Net Profit YoY
50.3%
63.5%
EPS (diluted)
$0.35
$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
PPL
PPL
SEB
SEB
Q4 25
$2.3B
$2.4B
Q3 25
$2.2B
$2.5B
Q2 25
$2.0B
$2.5B
Q1 25
$2.5B
$2.3B
Q4 24
$2.2B
$2.5B
Q3 24
$2.1B
$2.2B
Q2 24
$1.9B
$2.2B
Q1 24
$2.3B
$2.2B
Net Profit
PPL
PPL
SEB
SEB
Q4 25
$266.0M
$255.0M
Q3 25
$318.0M
$110.0M
Q2 25
$183.0M
$104.0M
Q1 25
$414.0M
$32.0M
Q4 24
$177.0M
$156.0M
Q3 24
$214.0M
$-149.0M
Q2 24
$190.0M
$61.0M
Q1 24
$307.0M
$22.0M
Gross Margin
PPL
PPL
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
PPL
PPL
SEB
SEB
Q4 25
20.3%
2.7%
Q3 25
25.4%
3.3%
Q2 25
19.9%
2.1%
Q1 25
26.6%
1.6%
Q4 24
17.2%
4.6%
Q3 24
20.6%
1.4%
Q2 24
20.8%
1.4%
Q1 24
23.7%
-0.9%
Net Margin
PPL
PPL
SEB
SEB
Q4 25
11.3%
10.6%
Q3 25
14.2%
4.3%
Q2 25
9.0%
4.2%
Q1 25
16.3%
1.4%
Q4 24
8.1%
6.3%
Q3 24
10.3%
-6.7%
Q2 24
10.1%
2.8%
Q1 24
13.3%
1.0%
EPS (diluted)
PPL
PPL
SEB
SEB
Q4 25
$0.35
$262.58
Q3 25
$0.43
$113.71
Q2 25
$0.25
$105.22
Q1 25
$0.56
$32.95
Q4 24
$0.23
$158.58
Q3 24
$0.29
$-153.44
Q2 24
$0.26
$62.82
Q1 24
$0.42
$22.66

Balance Sheet & Financial Strength

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

Metric
PPL
PPL
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$1.1B
$1.2B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$14.9B
$5.2B
Total Assets
$45.2B
$8.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPL
PPL
SEB
SEB
Q4 25
$1.1B
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$294.0M
$1.1B
Q1 25
$312.0M
$1.1B
Q4 24
$306.0M
$1.2B
Q3 24
$542.0M
$1.2B
Q2 24
$282.0M
$1.2B
Q1 24
$276.0M
$1.2B
Total Debt
PPL
PPL
SEB
SEB
Q4 25
$18.9B
Q3 25
Q2 25
Q1 25
Q4 24
$16.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PPL
PPL
SEB
SEB
Q4 25
$14.9B
$5.2B
Q3 25
$14.4B
$5.0B
Q2 25
$14.3B
$4.8B
Q1 25
$14.3B
$4.7B
Q4 24
$14.1B
$4.7B
Q3 24
$14.1B
$4.5B
Q2 24
$14.1B
$4.7B
Q1 24
$14.1B
$4.6B
Total Assets
PPL
PPL
SEB
SEB
Q4 25
$45.2B
$8.2B
Q3 25
$43.9B
$8.0B
Q2 25
$42.4B
$7.9B
Q1 25
$41.8B
$7.6B
Q4 24
$41.1B
$7.7B
Q3 24
$40.5B
$7.5B
Q2 24
$39.8B
$7.7B
Q1 24
$39.6B
$7.6B
Debt / Equity
PPL
PPL
SEB
SEB
Q4 25
1.27×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PPL
PPL
SEB
SEB
Operating Cash FlowLast quarter
$548.0M
$188.0M
Free Cash FlowOCF − Capex
$-614.0M
$53.0M
FCF MarginFCF / Revenue
-26.1%
2.2%
Capex IntensityCapex / Revenue
49.5%
5.6%
Cash ConversionOCF / Net Profit
2.06×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PPL
PPL
SEB
SEB
Q4 25
$548.0M
$188.0M
Q3 25
$966.0M
$319.0M
Q2 25
$602.0M
$81.0M
Q1 25
$513.0M
$-20.0M
Q4 24
$511.0M
$300.0M
Q3 24
$781.0M
$194.0M
Q2 24
$766.0M
$6.0M
Q1 24
$282.0M
$19.0M
Free Cash Flow
PPL
PPL
SEB
SEB
Q4 25
$-614.0M
$53.0M
Q3 25
$-179.0M
$152.0M
Q2 25
$-328.0M
$-70.0M
Q1 25
$-280.0M
$-129.0M
Q4 24
$-349.0M
$162.0M
Q3 24
$102.0M
$58.0M
Q2 24
$96.0M
$-127.0M
Q1 24
$-314.0M
$-85.0M
FCF Margin
PPL
PPL
SEB
SEB
Q4 25
-26.1%
2.2%
Q3 25
-8.0%
6.0%
Q2 25
-16.1%
-2.8%
Q1 25
-11.0%
-5.6%
Q4 24
-15.9%
6.5%
Q3 24
4.9%
2.6%
Q2 24
5.1%
-5.7%
Q1 24
-13.6%
-3.9%
Capex Intensity
PPL
PPL
SEB
SEB
Q4 25
49.5%
5.6%
Q3 25
51.2%
6.6%
Q2 25
45.6%
6.1%
Q1 25
31.2%
4.7%
Q4 24
39.3%
5.6%
Q3 24
32.7%
6.1%
Q2 24
35.8%
6.0%
Q1 24
25.9%
4.7%
Cash Conversion
PPL
PPL
SEB
SEB
Q4 25
2.06×
0.74×
Q3 25
3.04×
2.90×
Q2 25
3.29×
0.78×
Q1 25
1.24×
-0.63×
Q4 24
2.89×
1.92×
Q3 24
3.65×
Q2 24
4.03×
0.10×
Q1 24
0.92×
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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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