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Side-by-side financial comparison of Ferguson Enterprises Inc. /DE/ (FERG) and SEABOARD CORP /DE/ (SEB), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Ferguson Enterprises Inc. /DE/ is the larger business by last-quarter revenue ($8.2B vs $2.4B, roughly 3.4× SEABOARD CORP /DE/). SEABOARD CORP /DE/ runs the higher net margin — 7.0% vs 10.6%, a 3.6% gap on every dollar of revenue. On growth, Ferguson Enterprises Inc. /DE/ posted the faster year-over-year revenue change (5.1% vs -2.9%). Ferguson Enterprises Inc. /DE/ produced more free cash flow last quarter ($312.0M vs $53.0M). Over the past eight quarters, Ferguson Enterprises Inc. /DE/'s revenue compounded faster (5.7% CAGR vs 4.9%).
Ferguson Enterprises Inc., headquartered in Newport News, Virginia and organized in Delaware, is the largest U.S. distributor of plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves and fittings (PVF), and water and wastewater products. The company receives 95% of its revenue in the United States and 5% of its revenue in Canada. The company has 36,000 suppliers and operates from 11 regional distribution centers, four MDCs, approximately 5,900 f...
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...
FERG vs SEB — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $8.2B | $2.4B |
| Net Profit | $570.0M | $255.0M |
| Gross Margin | 30.7% | 7.9% |
| Operating Margin | 9.4% | 2.7% |
| Net Margin | 7.0% | 10.6% |
| Revenue YoY | 5.1% | -2.9% |
| Net Profit YoY | 21.3% | 63.5% |
| EPS (diluted) | $2.90 | $262.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $8.2B | $2.4B | ||
| Q3 25 | $8.5B | $2.5B | ||
| Q2 25 | $7.6B | $2.5B | ||
| Q1 25 | $6.9B | $2.3B | ||
| Q4 24 | $7.8B | $2.5B | ||
| Q3 24 | $7.9B | $2.2B | ||
| Q2 24 | $7.3B | $2.2B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $570.0M | $255.0M | ||
| Q3 25 | $700.0M | $110.0M | ||
| Q2 25 | $410.0M | $104.0M | ||
| Q1 25 | $276.0M | $32.0M | ||
| Q4 24 | $470.0M | $156.0M | ||
| Q3 24 | $451.0M | $-149.0M | ||
| Q2 24 | $443.0M | $61.0M | ||
| Q1 24 | — | $22.0M |
| Q4 25 | 30.7% | 7.9% | ||
| Q3 25 | 31.7% | 7.8% | ||
| Q2 25 | 31.0% | 6.5% | ||
| Q1 25 | 29.7% | 6.1% | ||
| Q4 24 | 30.1% | 9.0% | ||
| Q3 24 | 31.0% | 6.2% | ||
| Q2 24 | 30.5% | 5.8% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | 9.4% | 2.7% | ||
| Q3 25 | 10.9% | 3.3% | ||
| Q2 25 | 8.0% | 2.1% | ||
| Q1 25 | 6.0% | 1.6% | ||
| Q4 24 | 8.6% | 4.6% | ||
| Q3 24 | 10.2% | 1.4% | ||
| Q2 24 | 8.6% | 1.4% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | 7.0% | 10.6% | ||
| Q3 25 | 8.2% | 4.3% | ||
| Q2 25 | 5.4% | 4.2% | ||
| Q1 25 | 4.0% | 1.4% | ||
| Q4 24 | 6.0% | 6.3% | ||
| Q3 24 | 5.7% | -6.7% | ||
| Q2 24 | 6.1% | 2.8% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | $2.90 | $262.58 | ||
| Q3 25 | $3.53 | $113.71 | ||
| Q2 25 | $2.07 | $105.22 | ||
| Q1 25 | $1.38 | $32.95 | ||
| Q4 24 | $2.34 | $158.58 | ||
| Q3 24 | $2.23 | $-153.44 | ||
| Q2 24 | $2.18 | $62.82 | ||
| Q1 24 | — | $22.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $526.0M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.1B | $5.2B |
| Total Assets | $17.7B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $526.0M | $1.2B | ||
| Q3 25 | $674.0M | $1.2B | ||
| Q2 25 | $519.0M | $1.1B | ||
| Q1 25 | $764.0M | $1.1B | ||
| Q4 24 | $601.0M | $1.2B | ||
| Q3 24 | $571.0M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $6.1B | $5.2B | ||
| Q3 25 | $5.8B | $5.0B | ||
| Q2 25 | $5.5B | $4.8B | ||
| Q1 25 | $5.5B | $4.7B | ||
| Q4 24 | $5.7B | $4.7B | ||
| Q3 24 | $5.6B | $4.5B | ||
| Q2 24 | $5.5B | $4.7B | ||
| Q1 24 | — | $4.6B |
| Q4 25 | $17.7B | $8.2B | ||
| Q3 25 | $17.7B | $8.0B | ||
| Q2 25 | $17.3B | $7.9B | ||
| Q1 25 | $16.5B | $7.6B | ||
| Q4 24 | $16.9B | $7.7B | ||
| Q3 24 | $16.6B | $7.5B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.6B |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $430.0M | $188.0M |
| Free Cash FlowOCF − Capex | $312.0M | $53.0M |
| FCF MarginFCF / Revenue | 3.8% | 2.2% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 1.4% | 5.6% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 0.75× | 0.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.0M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $430.0M | $188.0M | ||
| Q3 25 | $541.0M | $319.0M | ||
| Q2 25 | $682.0M | $81.0M | ||
| Q1 25 | $340.0M | $-20.0M | ||
| Q4 24 | $345.0M | $300.0M | ||
| Q3 24 | — | $194.0M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $19.0M |
| Q4 25 | $312.0M | $53.0M | ||
| Q3 25 | — | $152.0M | ||
| Q2 25 | $605.0M | $-70.0M | ||
| Q1 25 | $259.0M | $-129.0M | ||
| Q4 24 | $268.0M | $162.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $-127.0M | ||
| Q1 24 | — | $-85.0M |
| Q4 25 | 3.8% | 2.2% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | 7.9% | -2.8% | ||
| Q1 25 | 3.8% | -5.6% | ||
| Q4 24 | 3.4% | 6.5% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | -5.7% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | 1.4% | 5.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | 1.0% | 6.1% | ||
| Q1 25 | 1.2% | 4.7% | ||
| Q4 24 | 1.0% | 5.6% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 4.7% |
| Q4 25 | 0.75× | 0.74× | ||
| Q3 25 | 0.77× | 2.90× | ||
| Q2 25 | 1.66× | 0.78× | ||
| Q1 25 | 1.23× | -0.63× | ||
| Q4 24 | 0.73× | 1.92× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.86× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
FERG
Segment breakdown not available.
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
