Seneca Foods Corporation (SENEA) 10-Year Financial Performance & Capital Metrics

SENEA • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsFrozen & Refrigerated Foods

AboutSeneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled 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, Aunt Nellie's, Cherryman, Green Valley, and READ. It also packs canned and frozen vegetables under contract packing agreements. In addition, the company engages in the sale of cans and ends, as well as trucking and aircraft operations. It provides its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; and food service distributors, restaurant chains, industrial markets, other food packagers, and export customers in 90 countries, as well as federal, state, and local governments for school and other feeding programs. The company was incorporated in 1949 and is headquartered in Marion, New York.Show more

Revenue $1.58B +8.2%
EBITDA $123M -18.7%
Net Income $41M -34.9%
EPS (Diluted) 5.90 -31.1%
Gross Margin 9.51% -26.3%
EBITDA Margin 7.76% -24.9%
Operating Margin 4.93% -33.0%
Net Margin 2.61% -39.9%
ROE 6.78% -39.1%
ROIC 5.32% -24.9%
Debt/Equity 0.59 -47.0%
Interest Coverage 2.27 -26.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 18.9% free cash flow margin
✓13 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 5.8% through buybacks
✓Trading at only 1.3x book value
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.07%

5Y3.4%

3Y4.46%

TTM8.33%

Profit (Net Income) CAGR

10Y15.33%

5Y-4.66%

3Y-3.73%

TTM44.68%

EPS CAGR

10Y20.69%

5Y1.12%

3Y4.03%

TTM38.7%

ROCE

10Y Avg7.86%

5Y Avg10.23%

3Y Avg6.26%

Latest7.07%

Peer Comparison

Frozen & Refrigerated Foods

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAMAMama's Creations, Inc.	558.17M	13.73	145.91	19.41%	3.08%	9.38%	0.01%	0.41
SENEASeneca Foods Corporation	629.84M	119.22	20.21	8.25%	3.73%	8.9%	47.35%	0.59
LWLamb Weston Holdings, Inc.	6.1B	43.93	17.57	-0.25%	4.56%	16.43%	3.77%	2.39
PPCPilgrim's Pride Corporation	9.89B	41.63	9.11	2.97%	6.71%	34.65%	15.31%	0.81
NOMDNomad Foods Limited	1.75B	11.91	8.51	1.82%	6.51%	7.78%	20.33%	0.82
BRIDBridgford Foods Corporation	74.52M	8.21	-22.19	-11.12%	-3.19%	-5.97%		0.05
WYHGWing Yip Food Holdings Group Limited American Depositary Shares	29.95M	0.60		23.79%	4.51%	56.18%	7.95%	0.16

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	1.28B	1.26B	1.16B	1.2B	1.34B	1.47B	1.39B	1.51B	1.46B	1.58B
Revenue Growth %	-0.01%	-0.01%	-0.08%	0.03%	0.11%	0.1%	-0.06%	0.09%	-0.03%	0.08%
Cost of Goods Sold+	1.13B	1.15B	1.08B	1.16B	1.19B	1.24B	1.24B	1.41B	1.27B	1.43B
COGS % of Revenue	0.88%	0.91%	0.93%	0.97%	0.89%	0.84%	0.9%	0.93%	0.87%	0.9%
Gross Profit+	150.58M	112M	81M	39.5M	141.89M	232.19M	141.6M	104.32M	188.22M	150.2M
Gross Margin %	0.12%	0.09%	0.07%	0.03%	0.11%	0.16%	0.1%	0.07%	0.13%	0.1%
Gross Profit Growth %	0.78%	-0.26%	-0.28%	-0.51%	2.59%	0.64%	-0.39%	-0.26%	0.8%	-0.2%
Operating Expenses+	58.85M	77.26M	66.17M	77.58M	71.36M	51.12M	77.59M	82.96M	80.99M	72.43M
OpEx % of Revenue	0.05%	0.06%	0.06%	0.06%	0.05%	0.03%	0.06%	0.05%	0.06%	0.05%
Selling, General & Admin	73.52M	73M	70.19M	72.55M	76.97M	79.95M	76.34M	81.07M	81.21M	75.46M
SG&A % of Revenue	0.06%	0.06%	0.06%	0.06%	0.06%	0.05%	0.06%	0.05%	0.06%	0.05%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-14.67M	4.27M	-4.01M	5.03M	-5.61M	-28.83M	1.24M	1.89M	-222K	-3.03M
Operating Income+	91.73M	34.74M	14.83M	-38.08M	70.52M	181.07M	64.01M	21.36M	107.23M	77.77M
Operating Margin %	0.07%	0.03%	0.01%	-0.03%	0.05%	0.12%	0.05%	0.01%	0.07%	0.05%
Operating Income Growth %	3.51%	-0.62%	-0.57%	-3.57%	2.85%	1.57%	-0.65%	-0.67%	4.02%	-0.27%
EBITDA+	113.47M	59.57M	46.38M	-6.84M	101.46M	213.44M	100.53M	62.3M	150.71M	122.55M
EBITDA Margin %	0.09%	0.05%	0.04%	-0.01%	0.08%	0.15%	0.07%	0.04%	0.1%	0.08%
EBITDA Growth %	1.69%	-0.48%	-0.22%	-1.15%	15.82%	1.1%	-0.53%	-0.38%	1.42%	-0.19%
D&A (Non-Cash Add-back)	21.74M	24.82M	31.55M	31.23M	30.93M	32.38M	36.52M	40.94M	43.48M	44.78M
EBIT	91.69M	35.34M	21.56M	-33.79M	77.47M	166.18M	65.6M	28.65M	117.72M	88.69M
Net Interest Income+	-8.04M	-9.67M	-12.82M	-15.44M	-11.83M	-6.13M	-5.64M	-14.32M	-34.02M	-33.24M
Interest Income	0	0	9K	28K	25K	42K	63K	528K	699K	967K
Interest Expense	8.04M	9.67M	12.83M	15.46M	11.86M	6.17M	5.7M	14.85M	34.72M	34.21M
Other Income/Expense	-8.09M	-9.09M	-6.1M	-11.18M	-4.91M	-21.05M	-4.11M	-7.57M	-24.23M	-23.29M
Pretax Income+	83.64M	25.65M	8.73M	-49.26M	65.61M	160.02M	59.9M	13.79M	83M	54.48M
Pretax Margin %	0.07%	0.02%	0.01%	-0.04%	0.05%	0.11%	0.04%	0.01%	0.06%	0.03%
Income Tax+	27.24M	9.75M	-1.31M	-12.78M	14.43M	33.92M	13.7M	4.56M	19.68M	13.26M
Effective Tax Rate %	0.67%	0.62%	-0.97%	-0.12%	0.8%	0.79%	0.77%	0.67%	0.76%	0.76%
Net Income+	56.4M	15.89M	-8.48M	5.75M	52.34M	126.1M	46.2M	9.23M	63.32M	41.22M
Net Margin %	0.04%	0.01%	-0.01%	0%	0.04%	0.09%	0.03%	0.01%	0.04%	0.03%
Net Income Growth %	4.7%	-0.72%	-1.53%	1.68%	8.11%	1.41%	-0.63%	-0.8%	5.86%	-0.35%
Net Income (Continuing)	56.4M	15.89M	10.05M	-36.48M	51.19M	126.1M	46.2M	9.23M	63.32M	41.22M
Discontinued Operations	0	0	-18.53M	42.23M	1.15M	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.42	1.27	-1.41	0.59	5.58	13.72	5.24	1.16	8.56	5.90
EPS Growth %	5.02%	-0.77%	-2.11%	1.42%	8.46%	1.46%	-0.62%	-0.78%	6.38%	-0.31%
EPS (Basic)	5.46	1.27	-1.41	0.59	5.62	13.82	5.28	1.19	8.64	5.95
Diluted Shares Outstanding	9.95M	9.86M	9.84M	9.65M	9.33M	9.16M	8.78M	7.87M	7.38M	6.95M
Basic Shares Outstanding	9.88M	9.79M	9.77M	9.65M	9.26M	9.09M	8.71M	7.8M	7.32M	6.89M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	673.89M	719.15M	741.14M	603.25M	551.6M	516.3M	550.69M	794.04M	967.01M	755.65M
Cash & Short-Term Investments	8.6M	11.99M	15.1M	11.48M	10.7M	59.84M	10.9M	5.24M	4.48M	42.69M
Cash Only	8.6M	11.99M	15.1M	11.48M	10.7M	59.84M	10.9M	5.24M	4.48M	42.69M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	76.79M	72.08M	67.35M	85.34M	121.76M	101.52M	124.61M	104.08M	79.77M	97M
Days Sales Outstanding	21.9	20.84	21.14	25.97	33.27	25.25	32.83	25.17	19.96	22.42
Inventory	567.71M	628.93M	546.96M	501.68M	411.63M	343.14M	404M	670.9M	872.69M	603.96M
Days Inventory Outstanding	183.54	199.58	184.53	157.85	125.85	101.38	118.57	174.29	250.74	154.3
Other Current Assets	20.79M	6.14M	111.73M	4.74M	7.5M	11.8M	11.17M	13.83M	10.07M	12.01M
Total Non-Current Assets+	221.44M	259.12M	287.71M	245.63M	357.71M	393.05M	391.59M	418.68M	416.98M	425.77M
Property, Plant & Equipment	188.84M	237.48M	258.54M	239.27M	322.77M	321.39M	336.92M	358.02M	345.11M	348M
Fixed Asset Turnover	6.78x	5.32x	4.50x	5.01x	4.14x	4.57x	4.11x	4.22x	4.23x	4.54x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	19.71M	20.27M	23.59M	3.94M	27.07M	71.66M	54.67M	60.66M	71.88M	77.78M
Total Assets+	895.33M	978.27M	1.03B	848.88M	909.31M	909.35M	942.27M	1.21B	1.38B	1.18B
Asset Turnover	1.43x	1.29x	1.13x	1.41x	1.47x	1.61x	1.47x	1.24x	1.05x	1.34x
Asset Growth %	0.11%	0.09%	0.05%	-0.17%	0.07%	0%	0.04%	0.29%	0.14%	-0.15%
Total Current Liabilities+	399.46M	177.76M	138.63M	112.38M	149.65M	158.13M	173.16M	156.19M	151.03M	214.56M
Accounts Payable	67.41M	72.82M	56.75M	61.02M	71.19M	74.09M	87.6M	69.23M	40.33M	43.58M
Days Payables Outstanding	21.79	23.11	19.15	19.2	21.77	21.89	25.71	17.99	11.59	11.13
Short-Term Debt	280.22M	8.5M	7.47M	6.76M	28.27M	28.32M	26.02M	25.79M	39.02M	105.69M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	11.79M	11.87M	40.26M	16.02M	12.76M	11.66M	11.61M	11.14M	11.63M	12.94M
Current Ratio	1.69x	4.05x	5.35x	5.37x	3.69x	3.27x	3.18x	5.08x	6.40x	3.52x
Quick Ratio	0.27x	0.51x	1.40x	0.90x	0.94x	1.10x	0.85x	0.79x	0.62x	0.71x
Cash Conversion Cycle	183.65	197.32	186.52	164.61	137.35	104.74	125.69	181.47	259.11	165.59
Total Non-Current Liabilities+	90.69M	375.3M	479.15M	319.02M	365.29M	173.4M	190.09M	501.78M	650.07M	333.85M
Long-Term Debt	35.97M	329.14M	407.73M	265.9M	217.08M	94.08M	109.62M	432.69M	585.79M	253.82M
Capital Lease Obligations	4.99M	34.19M	34.33M	31.29M	67.13M	47M	42.48M	33.97M	26.02M	15.3M
Deferred Tax Liabilities	0	4.18M	0	0	0	28.31M	33.02M	31.48M	24.32M	32.28M
Other Non-Current Liabilities	49.74M	7.79M	37.08M	21.83M	81.08M	4.01M	4.97M	3.64M	13.95M	32.44M
Total Liabilities	490.15M	553.06M	617.78M	431.4M	514.95M	331.53M	363.24M	657.97M	801.1M	548.41M
Total Debt+	321.17M	371.83M	449.53M	303.95M	312.48M	169.41M	178.12M	492.45M	650.82M	374.81M
Net Debt	312.57M	359.84M	434.43M	292.47M	301.78M	109.57M	167.22M	487.22M	646.34M	332.13M
Debt / Equity	0.79x	0.87x	1.09x	0.73x	0.79x	0.29x	0.31x	0.89x	1.12x	0.59x
Debt / EBITDA	2.83x	6.24x	9.69x	-	3.08x	0.79x	1.77x	7.90x	4.32x	3.06x
Net Debt / EBITDA	2.75x	6.04x	9.37x	-	2.97x	0.51x	1.66x	7.82x	4.29x	2.71x
Interest Coverage	11.40x	3.59x	1.16x	-2.46x	5.95x	29.36x	11.22x	1.44x	3.09x	2.27x
Total Equity+	405.17M	425.2M	411.06M	417.49M	394.36M	577.82M	579.03M	554.75M	582.89M	633.02M
Equity Growth %	0.15%	0.05%	-0.03%	0.02%	-0.06%	0.47%	0%	-0.04%	0.05%	0.09%
Book Value per Share	40.73	43.14	41.78	43.25	42.25	63.09	65.96	70.49	78.93	91.03
Total Shareholders' Equity	405.17M	425.2M	411.06M	417.49M	394.36M	577.82M	579.03M	554.75M	582.89M	633.02M
Common Stock	3.02M	3.02M	3.04M	3.04M	3.04M	3.04M	3.04M	3.05M	3.05M	3.05M
Retained Earnings	397.54M	401.07M	403.78M	409.5M	459.8M	585.87M	632.05M	641.26M	704.55M	745.75M
Treasury Stock	-65.71M	-66.5M	-69.56M	-75.74M	-88.32M	-91.2M	-128.88M	-168.57M	-200.11M	-210.67M
Accumulated OCI	-28.4M	-11.18M	-25.07M	-18.29M	-79.22M	-19.07M	-26.47M	-20.49M	-25.38M	-7.84M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	39.16M	24.32M	-13.19M	97.12M	127.32M	183.18M	30.15M	-212.8M	-82.96M	335.48M
Operating CF Margin %	0.03%	0.02%	-0.01%	0.08%	0.1%	0.12%	0.02%	-0.14%	-0.06%	0.21%
Operating CF Growth %	1.02%	-0.38%	-1.54%	8.36%	0.31%	0.44%	-0.84%	-8.06%	0.61%	5.04%
Net Income	54.46M	12.61M	-13.81M	5.75M	52.34M	126.1M	46.2M	9.23M	63.32M	41.22M
Depreciation & Amortization	21.74M	24.82M	31.55M	31.23M	30.93M	32.38M	36.52M	40.94M	43.48M	44.78M
Stock-Based Compensation	1.82M	2.02M	1.5M	1.77M	94K	0	120K	76K	246K	175K
Deferred Taxes	-533K	6.52M	-4.92M	909K	15.53M	16.65M	7.13M	-3.53M	-5.53M	2.19M
Other Non-Cash Items	9.92M	2.02M	1.5M	1.77M	-7.37M	-18.82M	65.85M	146.17M	40.26M	37.4M
Working Capital Changes	-46.42M	-24.13M	-33.85M	104.77M	35.79M	26.88M	-125.67M	-405.68M	-224.73M	209.71M
Change in Receivables	1.29M	4.71M	-672K	-5.33M	-33.29M	24.28M	-26.98M	22.1M	17.33M	-16.56M
Change in Inventory	-52.19M	-30.35M	-35.82M	142.27M	90.05M	68.49M	-103.01M	-398.51M	-224.14M	234.26M
Change in Payables	-10.32M	-5.14M	-207K	-31.07M	-13.51M	-65.94M	13.51M	-18.37M	-29.21M	3.25M
Cash from Investing+	-47.63M	-31.71M	-45.01M	67M	-43.16M	2.26M	-45.19M	-64.88M	-47.2M	-34.81M
Capital Expenditures	-9.86M	-32.14M	-32.66M	-37.73M	-65.69M	-71.43M	-53.37M	-70.63M	-36.64M	-37.23M
CapEx % of Revenue	0.01%	0.03%	0.03%	0.03%	0.05%	0.05%	0.04%	0.05%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.03M	427K	2.08M	104.39M	0	0	8.18M	5.75M	-10.56M	2.41M
Cash from Financing+	6.47M	10.78M	61.31M	-167.74M	-84.94M	-136.3M	-33.9M	279.02M	129.76M	-262.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-23K	-23K	-23K	-23K	-23K	-23K	-23K	-23K	-23K	-23K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-305K	-1.49M	-272K	-33K	-17.13M	-6.6M	-2.76M	0	0	-1.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.29M	-7.82M	-45.85M	59.39M	61.63M	111.75M	-23.21M	-283.42M	-119.6M	298.25M
FCF Margin %	0.02%	-0.01%	-0.04%	0.05%	0.05%	0.08%	-0.02%	-0.19%	-0.08%	0.19%
FCF Growth %	5.32%	-1.27%	-4.87%	2.3%	0.04%	0.81%	-1.21%	-11.21%	0.58%	3.49%
FCF per Share	2.94	-0.79	-4.66	6.15	6.60	12.20	-2.64	-36.01	-16.19	42.89
FCF Conversion (FCF/Net Income)	0.69x	1.53x	1.56x	16.90x	2.43x	1.45x	0.65x	-23.05x	-1.31x	8.14x
Interest Paid	6.82M	8.35M	0	15.42M	10.84M	5.09M	4.48M	11.22M	33.1M	34.28M
Taxes Paid	24.11M	6.28M	0	173K	573K	22.69M	2.97M	9.08M	15.11M	12.66M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	14.9%	3.83%	-2.03%	1.39%	12.89%	25.94%	7.99%	1.63%	11.13%	6.78%
Return on Invested Capital (ROIC)	10.25%	3.47%	1.36%	-3.67%	7.52%	19.63%	6.7%	1.79%	7.08%	5.32%
Gross Margin	11.77%	8.87%	6.97%	3.29%	10.62%	15.82%	10.22%	6.91%	12.9%	9.51%
Net Margin	4.41%	1.26%	-0.73%	0.48%	3.92%	8.59%	3.34%	0.61%	4.34%	2.61%
Debt / Equity	0.79x	0.87x	1.09x	0.73x	0.79x	0.29x	0.31x	0.89x	1.12x	0.59x
Interest Coverage	11.40x	3.59x	1.16x	-2.46x	5.95x	29.36x	11.22x	1.44x	3.09x	2.27x
FCF Conversion	0.69x	1.53x	1.56x	16.90x	2.43x	1.45x	0.65x	-23.05x	-1.31x	8.14x
Revenue Growth	-0.53%	-1.36%	-7.87%	3.15%	11.35%	9.87%	-5.61%	8.96%	-3.36%	8.25%

Revenue by Segment

	2025
Canned Vegetables	1.31B
Canned Vegetables Growth	-
Frozen	124.71M
Frozen Growth	-
Fruit	92.38M
Fruit Growth	-
Manufactured Product, Other	32.48M
Manufactured Product, Other Growth	-
Snack	14.99M
Snack Growth	-

Revenue by Geography

	2025
UNITED STATES	1.49B
UNITED STATES Growth	-
Non-US	86.62M
Non-US Growth	-

Frequently Asked Questions

Valuation & Price

Seneca Foods Corporation (SENEA) has a price-to-earnings (P/E) ratio of 20.2x. This is roughly in line with market averages.

Growth & Financials

Seneca Foods Corporation (SENEA) reported $1.61B in revenue for fiscal year 2025. This represents a 28% increase from $1.26B in 2012.

Seneca Foods Corporation (SENEA) grew revenue by 8.2% over the past year. This is steady growth.

Yes, Seneca Foods Corporation (SENEA) is profitable, generating $59.9M in net income for fiscal year 2025 (2.6% net margin).

Dividend & Returns

Seneca Foods Corporation (SENEA) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Seneca Foods Corporation (SENEA) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

Seneca Foods Corporation (SENEA) generated $254.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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