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 |
| 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 |
| Operating Income | 64.08 | 21.36 | 107.23 | 77.77 |
| EBITDA | 102.12 | 69.59 | 161.20 | 133.47 |
| EBIT | 65.60 | 28.65 | 117.72 | 88.69 |
| Pretax Income | 59.90 | 13.79 | 83 | 54.48 |
| Tax Provision | 13.70 | 4.56 | 19.68 | 13.26 |
| Net Income | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income Common Stockholders | 46 | 9.18 | 63.22 | 41.15 |
| Total Expenses | 1,321.20 | 1,487.99 | 1,351.37 | 1,501.12 |
| Interest Expense | 5.70 | 14.85 | 34.72 | 34.21 |
| Interest Income | 0.06 | 0.53 | 0.70 | 0.97 |
| Selling General And Administration | 76.34 | 81.07 | 81.21 | 75.46 |
| Normalized EBITDA | 102.19 | 69.59 | 161.20 | 133.47 |
| Normalized Income | 46.25 | 9.23 | 63.32 | 41.22 |
| Basic EPS | 5.28 | 1.19 | 8.64 | 5.95 |
| Diluted EPS | 5.24 | 1.16 | 8.56 | 5.90 |
| Tax Effect Of Unusual Items | -0.02 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.33 | 0.24 | 0.24 |
| Total Unusual Items | -0.07 | -3.55 | -0.42 | 0 |
| Total Unusual Items Excluding Goodwill | -0.07 | -3.55 | -0.42 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 46.20 | 9.23 | 63.32 | 41.22 |
| 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 |
| Net Interest Income | -5.64 | -14.32 | -34.02 | -33.24 |
| Net Income From Continuing And Discontinued Operation | 46.20 | 9.23 | 63.32 | 41.22 |
| Total Operating Income As Reported | 64.01 | 21.36 | 107.23 | 77.77 |
| Diluted Average Shares | 8.77 | 7.86 | 7.38 | 6.98 |
| Basic Average Shares | 8.71 | 7.80 | 7.32 | 6.91 |
| Diluted NI Availto Com Stockholders | 46.02 | 9.20 | 63.24 | 41.17 |
| Average Dilution Earnings | 0.02 | 0.02 | 0.02 | 0.02 |
| Otherunder Preferred Stock Dividend | 0.18 | 0.03 | 0.07 | 0.05 |
| Preferred Stock Dividends | 0.02 | 0.02 | 0.02 | 0.02 |
| Net Income Including Noncontrolling Interests | 46.20 | 9.23 | 63.32 | 41.22 |
| Net Income Continuous Operations | 46.20 | 9.23 | 63.32 | 41.22 |
| Other Income Expense | 1.46 | 6.76 | 9.79 | 9.96 |
| Other Non Operating Income Expenses | 9.30 | 6.76 | 9.79 | 9.96 |
| Special Income Charges | -0.07 | -3.55 | -0.42 | 0 |
| Restructuring And Mergern Acquisition | 0.07 | 3.55 | 0.42 | 0 |
| Earnings From Equity Interest | -7.78 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -5.64 | -14.32 | -34.02 | -33.24 |
| Total Other Finance Cost | 5.64 | 14.32 | 0 | 0 |
| Interest Expense Non Operating | 5.70 | 14.85 | 34.72 | 34.21 |
| Interest Income Non Operating | 0.06 | 0.53 | 0.70 | 0.97 |
| Other Operating Expenses | 1.17 | 1.89 | -0.22 | -3.03 |
| Operating Revenue | 1,385.28 | 1,509.35 | 1,458.60 | 1,578.89 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Seneca Foods Corporationthis co. | SENEA | $927M | 10.38β discount | 1.29 | 6.5% | 6.69 |
| Edgewell Personal Care Company | EPC | $1.1B | 43.06 | 0.70 | 1.6% | 12.29 |
| American Public Education, Inc. | APEI | $1.1B | 41.13 | 3.54 | 10.7% | 14.96 |
| Coursera, Inc. | COUR | $1.0B | - | 1.63 | -8.0% | -3.74 |
| Phoenix Education Partners, Inc. | PXED |
| $979M |
| 10.05 |
| 3.48 |
| 55.8% |
| 4.56 |
| Mission Produce, Inc. | AVO | $974M | 29.89 | 1.66 | 6.1% | 11.51 |
| John B. Sanfilippo & Son, Inc. | JBSS | $952M | 16.20 | 2.65 | 16.3% | 9.32 |
| SunOpta Inc. | STKL | $769M | 49.85 | 4.49 | 9.2% | 13.09 |
| Udemy, Inc. | UDMY | $709M | 162.00 | 3.41 | 1.8% | 62.74 |
| Peer Median | - | 41.13 | 3.03 | 7.7% | 11.90 | |