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Side-by-side financial comparison of SEABOARD CORP /DE/ (SEB) and UNITED FIRE GROUP INC (UFCS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

SEABOARD CORP /DE/ is the larger business by last-quarter revenue ($2.4B vs $365.8M, roughly 6.6× UNITED FIRE GROUP INC). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs -2.9%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% CAGR vs 4.9%).

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...

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

SEB vs UFCS — Head-to-Head

Bigger by revenue
SEB
SEB
6.6× larger
SEB
$2.4B
$365.8M
UFCS
Growing faster (revenue YoY)
UFCS
UFCS
+12.7% gap
UFCS
9.8%
-2.9%
SEB
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
4.9%
SEB

Income Statement — Q4 2025 vs Q4 2025

Metric
SEB
SEB
UFCS
UFCS
Revenue
$2.4B
$365.8M
Net Profit
$255.0M
Gross Margin
7.9%
Operating Margin
2.7%
13.2%
Net Margin
10.6%
Revenue YoY
-2.9%
9.8%
Net Profit YoY
63.5%
EPS (diluted)
$262.58
$1.45

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.

Revenue
SEB
SEB
UFCS
UFCS
Q4 25
$2.4B
$365.8M
Q3 25
$2.5B
$354.0M
Q2 25
$2.5B
$335.5M
Q1 25
$2.3B
$331.1M
Q4 24
$2.5B
$333.2M
Q3 24
$2.2B
$323.0M
Q2 24
$2.2B
$301.2M
Q1 24
$2.2B
$296.0M
Net Profit
SEB
SEB
UFCS
UFCS
Q4 25
$255.0M
Q3 25
$110.0M
$39.2M
Q2 25
$104.0M
$22.9M
Q1 25
$32.0M
$17.7M
Q4 24
$156.0M
Q3 24
$-149.0M
$19.7M
Q2 24
$61.0M
$-2.7M
Q1 24
$22.0M
$13.5M
Gross Margin
SEB
SEB
UFCS
UFCS
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
SEB
SEB
UFCS
UFCS
Q4 25
2.7%
13.2%
Q3 25
3.3%
13.7%
Q2 25
2.1%
8.7%
Q1 25
1.6%
6.6%
Q4 24
4.6%
11.9%
Q3 24
1.4%
7.7%
Q2 24
1.4%
-1.3%
Q1 24
-0.9%
5.5%
Net Margin
SEB
SEB
UFCS
UFCS
Q4 25
10.6%
Q3 25
4.3%
11.1%
Q2 25
4.2%
6.8%
Q1 25
1.4%
5.3%
Q4 24
6.3%
Q3 24
-6.7%
6.1%
Q2 24
2.8%
-0.9%
Q1 24
1.0%
4.6%
EPS (diluted)
SEB
SEB
UFCS
UFCS
Q4 25
$262.58
$1.45
Q3 25
$113.71
$1.49
Q2 25
$105.22
$0.87
Q1 25
$32.95
$0.67
Q4 24
$158.58
$1.22
Q3 24
$-153.44
$0.76
Q2 24
$62.82
$-0.11
Q1 24
$22.66
$0.52

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
SEB
SEB
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$156.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.2B
$941.2M
Total Assets
$8.2B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
SEB
SEB
UFCS
UFCS
Q4 25
$1.2B
$156.3M
Q3 25
$1.2B
$233.7M
Q2 25
$1.1B
$202.1M
Q1 25
$1.1B
$183.7M
Q4 24
$1.2B
$200.9M
Q3 24
$1.2B
$197.4M
Q2 24
$1.2B
$153.4M
Q1 24
$1.2B
$217.8M
Stockholders' Equity
SEB
SEB
UFCS
UFCS
Q4 25
$5.2B
$941.2M
Q3 25
$5.0B
$898.7M
Q2 25
$4.8B
$845.7M
Q1 25
$4.7B
$817.7M
Q4 24
$4.7B
$781.5M
Q3 24
$4.5B
$785.8M
Q2 24
$4.7B
$726.6M
Q1 24
$4.6B
$736.8M
Total Assets
SEB
SEB
UFCS
UFCS
Q4 25
$8.2B
$3.8B
Q3 25
$8.0B
$3.8B
Q2 25
$7.9B
$3.7B
Q1 25
$7.6B
$3.5B
Q4 24
$7.7B
$3.5B
Q3 24
$7.5B
$3.5B
Q2 24
$7.7B
$3.4B
Q1 24
$7.6B
$3.2B

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
SEB
SEB
UFCS
UFCS
Operating Cash FlowLast quarter
$188.0M
$119.8M
Free Cash FlowOCF − Capex
$53.0M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
5.6%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
0.74×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
SEB
SEB
UFCS
UFCS
Q4 25
$188.0M
$119.8M
Q3 25
$319.0M
$60.8M
Q2 25
$81.0M
$53.4M
Q1 25
$-20.0M
$35.7M
Q4 24
$300.0M
$156.3M
Q3 24
$194.0M
$56.5M
Q2 24
$6.0M
$91.3M
Q1 24
$19.0M
$36.2M
Free Cash Flow
SEB
SEB
UFCS
UFCS
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
Q1 24
$-85.0M
FCF Margin
SEB
SEB
UFCS
UFCS
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%
Q1 24
-3.9%
Capex Intensity
SEB
SEB
UFCS
UFCS
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%
Q1 24
4.7%
Cash Conversion
SEB
SEB
UFCS
UFCS
Q4 25
0.74×
Q3 25
2.90×
1.55×
Q2 25
0.78×
2.33×
Q1 25
-0.63×
2.02×
Q4 24
1.92×
Q3 24
2.86×
Q2 24
0.10×
Q1 24
0.86×
2.68×

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

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%

UFCS
UFCS

Segment breakdown not available.

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