Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Green Giant, Aunt Nellie's, CherryMan, Green Valley, and READ. In addition, it packs canned and frozen vegetables under contract packing agreements. Further, the company engages in the sale of cans, ends, and seeds, as well aircraft operations. It provides its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; specialty retailers; and food service distributors, restaurant chains, industrial markets, other food packagers, and export customers in approximately 55 countries, as well as federal, state, and local governments for school and other feeding programs. Seneca Foods Corporation was incorporated in 1949 and is headquartered in Fairport, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $133M | $41M | $298M | 6.5% | 8.2% | -34.9% |
| 2024 | $1.5B | $161M | $63M | $-120M | 10.9% | -3.4% | 585.9% |
| 2023 | $1.5B | $70M | $9M | $-283M | 1.7% | 9.0% | -80.0% |
| 2022 | $1.4B | $102M | $46M | $-23M | 8.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,385.28 | 1,509.35 | 1,458.60 | 1,578.89 |
| Operating Revenue | 1,385.28 | 1,509.35 | 1,458.60 | 1,578.89 |
| Cost Of Revenue | 1,243.68 | 1,405.03 | 1,270.38 | 1,428.69 |
| Gross Profit | 141.60 | 104.32 | 188.22 | 150.20 |
| Operating Expense | 77.52 | 82.96 | 80.99 | 72.43 |
| Selling General And Administration | 76.34 | 81.07 | 81.21 | 75.46 |
| Total Expenses | 1,321.20 | 1,487.99 | 1,351.37 | 1,501.12 |
| Operating Income | 64.08 | 21.36 | 107.23 | 77.77 |
| Total Operating Income As Reported | 64.01 | 21.36 | 107.23 | 77.77 |
| EBITDA | 102.12 | 69.59 | 161.20 | 133.47 |
| Normalized EBITDA | 102.19 | 69.59 | 161.20 | 133.47 |
| EBIT | 65.60 | 28.65 | 117.72 | 88.70 |
| Interest Income | 0.06 | 0.53 | 0.70 | 0.97 |
| Interest Expense | 5.70 | 14.85 | 34.72 | 34.21 |
| Net Interest Income | -5.64 | -14.32 | -34.02 | -33.24 |
| Other Non Operating Income Expenses | 9.30 | 6.76 | 9.79 | 9.96 |
| Other Income Expense | 1.46 | 6.76 | 9.79 | 9.96 |
| Interest Income Non Operating | 0.06 | 0.53 | 0.70 | 0.97 |
| Interest Expense Non Operating | 5.70 | 14.85 | 34.72 | 34.21 |
| Net Non Operating Interest Income Expense | -5.64 | -14.32 | -34.02 | -33.24 |
| Pretax Income | 59.90 | 13.79 | 83 | 54.48 |
| Tax Provision | 13.70 | 4.56 | 19.68 | 13.26 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -0.02 | 0 | 0 | 0 |
| Net Income Continuous Operations | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income From Continuing And Discontinued Operation | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income From Continuing Operation Net Minority Interest | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income Common Stockholders | 46 | 9.18 | 63.22 | 41.15 |
| Net Income Including Noncontrolling Interests | 46.20 | 9.23 | 63.32 | 41.22 |
| Normalized Income | 46.25 | 9.23 | 63.32 | 41.22 |
| Diluted NI Availto Com Stockholders | 46.02 | 9.20 | 63.24 | 41.17 |
| Basic Average Shares | 8.71 | 7.80 | 7.32 | 6.91 |
| Diluted Average Shares | 8.77 | 7.86 | 7.38 | 6.98 |
| Reconciled Depreciation | 36.52 | 40.94 | 43.48 | 44.78 |
| Reconciled Cost Of Revenue | 1,243.68 | 1,405.03 | 1,270.38 | 1,428.69 |
| Total Unusual Items | -0.07 | -3.55 | -0.42 | - |
| Total Unusual Items Excluding Goodwill | -0.07 | -3.55 | -0.42 | - |
| Preferred Stock Dividends | 0.02 | 0.02 | 0.02 | 0.02 |
| Special Income Charges | -0.07 | -3.55 | -0.42 | - |
| Restructuring And Mergern Acquisition | 0.07 | 3.55 | 0.42 | - |
| Total Other Finance Cost | 5.64 | 14.32 | - | - |
| Other Operating Expenses | 1.17 | 1.89 | -0.22 | -3.03 |
| Otherunder Preferred Stock Dividend | 0.18 | 0.03 | 0.07 | 0.05 |
| Earnings From Equity Interest | -7.78 | 0 | 0 | - |
| Average Dilution Earnings | 0.02 | 0.02 | 0.02 | 0.02 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Seneca Foods Corporationthis co. | SENEA | $984M | 23.87β premium | 1.56 | 6.5% | 9.86 |
| Herbalife Ltd. | HLF | $1.2B | 5.17 | -2.29 | -44.3% | 4.93 |
| Phoenix Education Partners, Inc. | PXED | $1.1B | 8.34 | 4.53 | 54.3% | 5.15 |
| The Simply Good Foods Company | SMPL | $1.1B | 10.44 | 0.60 | 5.7% | 6.87 |
| American Public Education, Inc. | APEI |
| $972M |
| 30.80 |
| 3.30 |
| 10.7% |
| 14.99 |
| Mission Produce, Inc. | AVO | $939M | 24.90 | 1.60 | 6.4% | 10.15 |
| Edgewell Personal Care Company | EPC | $911M | 35.85 | 0.59 | 1.6% | 11.30 |
| John B. Sanfilippo & Son, Inc. | JBSS | $886M | 15.04 | 2.46 | 16.3% | 8.71 |
| Grocery Outlet Holding Corp. | GO | $837M | -3.72 | 0.85 | -22.9% | -29.51 |
| Peer Median | - | 12.74 | 1.22 | 6.1% | 7.79 | |