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Andersons vs Seaboard: revenue, profit, margins and growth compared

Andersons brought in $11B of revenue in fiscal 2025, Seaboard $9.7B in fiscal 2025. Revenue changed by -2.2% at Andersons and +7.1% at Seaboard on the year before, so Seaboard grew faster. Andersons kept 0.9% of its revenue as net profit, Seaboard 5.1%. Free cash flow was -$56.1M at Andersons and $6M at Seaboard.

Side by side, latest fiscal year

ANDESEB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11B$9.7B
Revenue growth-2.2%+7.1%
Net income$95.7M$496M
Net margin0.9%5.1%
Free cash flow-$56.1M$6M
Free cash flow margin-0.5%0.1%
Earnings per share (diluted)n/a$514.46
Cash$98.3M$178M
Debt$560M$977M
Price to earningsn/a7.7
Market value$2.3B$3.8B
Dividend yield1.17%0.23%
Rank by revenue in sector#61 of 451 · Industrials#66 of 451 · Industrials

Over the years

Revenue
ANDE FY2018: $3BANDE FY2019: $8BANDE FY2020: $8.1BANDE FY2021: $12.6BANDE FY2022: $17.3BANDE FY2023: $14.8BANDE FY2024: $11.3BANDE FY2025: $11BSEB FY2018: $6.6BSEB FY2019: $6.8BSEB FY2020: $7.1BSEB FY2021: $9.2BSEB FY2022: $11.2BSEB FY2023: $9.6BSEB FY2024: $9.1BSEB FY2025: $9.7BFY18FY19FY20FY21FY22FY23FY24FY25
ANDE $11BSEB $9.7B
Net income
ANDE FY2018: $41.5MANDE FY2019: $18.3MANDE FY2020: $7.7MANDE FY2021: $104MANDE FY2022: $131.1MANDE FY2023: $101.2MANDE FY2024: $114MANDE FY2025: $95.7MSEB FY2018: $3MSEB FY2019: $287MSEB FY2020: $283MSEB FY2021: $570MSEB FY2022: $580MSEB FY2023: $226MSEB FY2024: $88MSEB FY2025: $496MFY18FY19FY20FY21FY22FY23FY24FY25
ANDE $95.7MSEB $496M
Net margin
ANDE FY2018: 1.4%ANDE FY2019: 0.2%ANDE FY2020: 0.1%ANDE FY2021: 0.8%ANDE FY2022: 0.8%ANDE FY2023: 0.7%ANDE FY2024: 1.0%ANDE FY2025: 0.9%SEB FY2018: 0.0%SEB FY2019: 4.2%SEB FY2020: 4.0%SEB FY2021: 6.2%SEB FY2022: 5.2%SEB FY2023: 2.4%SEB FY2024: 1.0%SEB FY2025: 5.1%FY18FY19FY20FY21FY22FY23FY24FY25
ANDE 0.9%SEB 5.1%
Revenue growth
ANDE FY2019: +162.8%ANDE FY2020: +0.8%ANDE FY2021: +56.4%ANDE FY2022: +37.4%ANDE FY2023: -14.9%ANDE FY2024: -23.7%ANDE FY2025: -2.2%SEB FY2019: +3.9%SEB FY2020: +4.2%SEB FY2021: +29.5%SEB FY2022: +21.8%SEB FY2023: -15.0%SEB FY2024: -4.8%SEB FY2025: +7.1%FY19FY20FY21FY22FY23FY24FY25
ANDE -2.2%SEB +7.1%
Free cash flow
ANDE FY2018: -$178.1MANDE FY2019: $183.3MANDE FY2020: -$151.6MANDE FY2021: -$126.8MANDE FY2022: $178.8MANDE FY2023: $796.3MANDE FY2024: $182.3MANDE FY2025: -$56.1MSEB FY2018: $76MSEB FY2019: -$178MSEB FY2020: $32MSEB FY2021: -$368MSEB FY2022: $202MSEB FY2023: $204MSEB FY2024: $8MSEB FY2025: $6MFY18FY19FY20FY21FY22FY23FY24FY25
ANDE -$56.1MSEB $6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Andersons and Seaboard

Which is bigger by revenue, Andersons or Seaboard?

Andersons is bigger by revenue: $11B in fiscal 2025, against $9.7B for Seaboard in fiscal 2025.

Which keeps more of its revenue as profit, Andersons or Seaboard?

Andersons had a net margin of 0.9% in fiscal 2025; Seaboard had 5.1% in fiscal 2025.

Which grew revenue faster, Andersons or Seaboard?

In their latest fiscal years revenue changed by -2.2% at Andersons and +7.1% at Seaboard.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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