Seneca Foods Corp Financials

SENEA

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE March

This page shows Seneca Foods Corp (SENEA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SENEA FY2025 2026-06-11

FY2025 cash generation came from a working-capital unwind, turning inventory and debt back toward earlier levels.

Operating cash flow jumped to $335.5M in FY2025 from -$83.0M a year earlier, even as net income moved lower. With inventory cut to $604.0M from $872.7M, the business released cash that had been trapped on the balance sheet and used that flexibility to reduce leverage, so FY2025's cash strength says more about unwinding prior buildup than about a stronger margin base.

Reported liquidity is stronger than raw cash suggests: the current ratio was 3.5x, but cash was only $42.7M. Because inventory-heavy current assets still dominate, day-to-day flexibility depends more on selling through stock than on holding a large cash cushion, which is a sturdier position than FY2024's near-empty cash balance but not the same as being cash-rich.

The earnings pattern shows a margin-sensitive cost structure: gross margin fell to 9.5% in FY2025 from 12.9% in FY2024, and operating income dropped even though revenue improved. With interest expense still above $33.2M, small changes above the gross line have an outsized effect on profit, which helps explain why earnings remain more volatile than sales.

Financial Health Signals

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We are recalculating Seneca Foods Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$114.7M

YoY+178.2%

5Y CAGR-1.9%

10Y CAGR+7.4%

Seneca Foods Corp reported $114.7M in net income in fiscal year 2026. This represents an increase of 178.2% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SENEA Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	$1.6B+8.2%	$1.5B-3.4%	$1.5B+9.0%	$1.4B-5.6%	$1.5B
Cost of Revenue	N/A	$1.4B+12.5%	$1.3B-9.6%	$1.4B+13.0%	$1.2B+0.7%	$1.2B
Gross Profit	N/A	$150.2M-20.2%	$188.2M+80.4%	$104.3M-26.3%	$141.6M-39.0%	$232.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$75.5M-7.1%	$81.2M+0.2%	$81.1M+6.2%	$76.3M-4.5%	$80.0M
Operating Income	N/A	$77.8M-27.5%	$107.2M+402.0%	$21.4M-66.6%	$64.0M-64.6%	$181.1M
Interest Expense	N/A	$33.2M-2.3%	$34.0M+137.5%	$14.3M+153.9%	$5.6M-7.9%	$6.1M
Income Tax	N/A	$13.3M-32.6%	$19.7M+331.4%	$4.6M-66.7%	$13.7M-59.6%	$33.9M
Net Income	$114.7M+178.2%	$41.2M-34.9%	$63.3M+585.9%	$9.2M-80.0%	$46.2M-63.4%	$126.1M
EPS (Diluted)	N/A	$5.90-31.1%	$8.56+637.9%	$1.16-77.9%	$5.24-61.8%	$13.72

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$508.3M+10.5%	$460.0M+54.7%	$297.5M-14.0%	$345.8M-31.2%	$502.9M+18.2%	$425.5M+39.6%	$304.7M-1.1%	$308.0M
Cost of Revenue	$424.9M+6.7%	$398.2M+55.7%	$255.6M-22.6%	$330.3M-27.2%	$453.7M+18.6%	$382.6M+46.0%	$262.0M-8.8%	$287.2M
Gross Profit	$83.5M+34.9%	$61.9M+48.0%	$41.8M+169.2%	$15.5M-68.4%	$49.1M+14.6%	$42.9M+0.4%	$42.7M+105.5%	$20.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$23.6M+15.0%	$20.5M+9.7%	$18.7M+8.7%	$17.2M-23.9%	$22.7M+25.4%	$18.1M+3.4%	$17.5M+0.4%	$17.4M
Operating Income	$60.0M+44.6%	$41.5M+78.6%	$23.2M+1067.8%	$2.0M-92.3%	$25.7M+4.0%	$24.7M-3.0%	$25.4M+898.5%	$2.5M
Interest Expense	$4.1M-11.9%	$4.7M-13.4%	$5.4M-10.5%	$6.0M-22.9%	$7.8M-13.0%	$9.0M-12.9%	$10.3M-4.9%	$10.9M
Income Tax	$13.9M+54.9%	$9.0M+85.6%	$4.8M+400.1%	$965K-79.4%	$4.7M+24.5%	$3.8M-2.0%	$3.8M+585.5%	-$791K
Net Income	$44.8M+50.5%	$29.7M+99.8%	$14.9M+2376.7%	$601K-95.9%	$14.7M+10.2%	$13.3M+5.1%	$12.7M+663.5%	-$2.2M
EPS (Diluted)	$6.48+51.0%	$4.29+100.5%	$2.14	N/A	$2.10+10.5%	$1.90+5.6%	$1.80	N/A

SENEA Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$1.2B-14.6%	$1.4B+14.1%	$1.2B+28.7%	$942.3M+3.6%	$909.3M
Current Assets	N/A	$755.7M-21.9%	$967.0M+21.8%	$794.0M+44.2%	$550.7M+6.7%	$516.3M
Cash & Equivalents	N/A	$42.7M+852.2%	$4.5M-14.4%	$5.2M-52.0%	$10.9M-81.8%	$59.8M
Inventory	N/A	$604.0M-30.8%	$872.7M+30.1%	$670.9M+66.1%	$404.0M+17.7%	$343.1M
Accounts Receivable	N/A	$96.3M+20.8%	$79.8M-17.9%	$97.1M-18.5%	$119.2M+29.2%	$92.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$548.4M-31.5%	$801.1M+21.8%	$658.0M+81.1%	$363.2M+9.6%	$331.5M
Current Liabilities	N/A	$214.6M+42.1%	$151.0M-3.3%	$156.2M-9.8%	$173.2M+9.5%	$158.1M
Long-Term Debt	N/A	$369.9M-36.9%	$585.8M+35.4%	$432.7M+294.7%	$109.6M+16.5%	$94.1M
Total Equity	N/A	$633.0M+8.6%	$582.9M+5.1%	$554.8M-4.2%	$579.0M+0.2%	$577.8M
Retained Earnings	N/A	$745.8M+5.8%	$704.6M+9.9%	$641.3M+1.5%	$632.1M+7.9%	$585.9M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.2B-10.3%	$1.4B+17.6%	$1.2B-1.9%	$1.2B-3.6%	$1.2B-17.4%	$1.5B+8.3%	$1.4B-1.1%	$1.4B
Current Assets	$801.3M-14.6%	$938.8M+28.2%	$732.3M-3.1%	$755.7M-8.2%	$823.1M-23.6%	$1.1B+12.8%	$955.7M-1.2%	$967.0M
Cash & Equivalents	$33.3M+83.7%	$18.1M+50.2%	$12.1M-71.7%	$42.7M+704.5%	$5.3M-44.4%	$9.5M+72.2%	$5.5M+23.7%	$4.5M
Inventory	$668.7M-15.0%	$786.5M-6.6%	$841.8M+39.4%	$604.0M-17.9%	$735.7M-22.1%	$944.9M+12.2%	$841.8M-3.5%	$872.7M
Accounts Receivable	$93.1M-24.6%	$123.5M+23.7%	$99.8M+3.6%	$96.3M+36.0%	$70.8M-34.7%	$108.5M+12.5%	$96.4M+20.9%	$79.8M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$508.6M-26.3%	$690.2M+34.0%	$515.2M-6.1%	$548.4M-10.6%	$613.1M-30.7%	$884.5M+13.4%	$780.2M-2.6%	$801.1M
Current Liabilities	$184.5M-49.2%	$362.9M+103.5%	$178.3M-16.9%	$214.6M-12.0%	$243.9M-40.2%	$408.0M+63.5%	$249.5M+65.2%	$151.0M
Long-Term Debt	$275.8M-1.6%	$280.2M-4.7%	$293.9M-20.5%	$369.9M-11.1%	$416.2M-17.5%	$504.6M+6.7%	$473.1M-19.2%	$585.8M
Total Equity	$713.9M+6.1%	$672.9M+4.5%	$644.2M+1.8%	$633.0M+3.3%	$612.8M+2.3%	$598.9M+1.7%	$588.9M+1.0%	$582.9M
Retained Earnings	$835.1M+5.7%	$790.4M+3.9%	$760.6M+2.0%	$745.8M+0.1%	$745.2M+2.0%	$730.5M+1.9%	$717.2M+1.8%	$704.6M

SENEA Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	N/A	$335.5M+504.4%	-$83.0M+61.0%	-$212.8M-805.7%	$30.2M-83.5%	$183.2M
Capital Expenditures	N/A	$37.2M+1.6%	$36.6M-48.1%	$70.6M+32.3%	$53.4M-25.3%	$71.4M
Free Cash Flow	N/A	$298.3M+349.4%	-$119.6M+57.8%	-$283.4M-1120.9%	-$23.2M-120.8%	$111.7M
Investing Cash Flow	N/A	-$34.8M+26.2%	-$47.2M+27.2%	-$64.9M-43.6%	-$45.2M-2102.1%	$2.3M
Financing Cash Flow	N/A	-$262.1M-302.0%	$129.8M-53.5%	$279.0M+923.1%	-$33.9M+75.1%	-$136.3M
Dividends Paid	N/A	$23K0.0%	$23K0.0%	$23K0.0%	$23K0.0%	$23K
Share Buybacks	N/A	$11.6M-64.9%	$33.0M-19.8%	$41.2M+6.2%	$38.8M+790.0%	$4.4M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$31.1M+6.0%	$29.3M-45.3%	$53.7M-41.6%	$91.9M-22.0%	$117.7M+55.9%	$75.5M+50.1%	$50.3M+11.4%	$45.2M
Capital Expenditures	$8.2M+8.7%	$7.5M-33.1%	$11.3M+7.6%	$10.5M+15.6%	$9.1M+62.5%	$5.6M-53.7%	$12.1M+151.8%	$4.8M
Free Cash Flow	$22.9M+5.1%	$21.8M-48.6%	$42.4M-47.9%	$81.4M-25.1%	$108.7M+55.3%	$70.0M+82.8%	$38.3M-5.2%	$40.4M
Investing Cash Flow	-$8.0M-7.8%	-$7.4M+33.8%	-$11.2M-88.2%	-$5.9M+33.8%	-$9.0M-37.1%	-$6.5M+51.1%	-$13.4M+42.7%	-$23.3M
Financing Cash Flow	-$8.0M+49.9%	-$15.9M+80.4%	-$80.8M-66.8%	-$48.5M+57.1%	-$112.9M-74.0%	-$64.9M-81.1%	-$35.8M-47.0%	-$24.4M
Dividends Paid	$0	$0-100.0%	$12K+9.1%	$11K	$0	$0-100.0%	$12K+9.1%	$11K
Share Buybacks	$2.8M+157.0%	$1.1M-71.3%	$3.8M+380.2%	$786K-3.4%	$814K-75.7%	$3.4M-49.5%	$6.6M+12.6%	$5.9M

SENEA Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	9.5%-3.4pp	12.9%+6.0pp	6.9%-3.3pp	10.2%-5.6pp	15.8%
Operating Margin	N/A	4.9%-2.4pp	7.3%+5.9pp	1.4%-3.2pp	4.6%-7.7pp	12.3%
Net Margin	N/A	2.6%-1.7pp	4.3%+3.7pp	0.6%-2.7pp	3.3%-5.3pp	8.6%
Return on Equity	N/A	6.5%-4.3pp	10.9%+9.2pp	1.7%-6.3pp	8.0%-13.8pp	21.8%
Return on Assets	N/A	3.5%-1.1pp	4.6%+3.8pp	0.8%-4.1pp	4.9%-9.0pp	13.9%
Current Ratio	N/A	3.52-2.9	6.40+1.3	5.08+1.9	3.18-0.1	3.27
Debt-to-Equity	N/A	0.58-0.4	1.00+0.2	0.78+0.6	0.19+0.0	0.16
FCF Margin	N/A	18.9%+27.1pp	-8.2%+10.6pp	-18.8%-17.1pp	-1.7%-9.3pp	7.6%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	16.4%+3.0pp	13.5%-0.6pp	14.1%+9.6pp	4.5%-5.3pp	9.8%-0.3pp	10.1%-3.9pp	14.0%+7.3pp	6.8%
Operating Margin	11.8%+2.8pp	9.0%+1.2pp	7.8%+7.2pp	0.6%-4.5pp	5.1%-0.7pp	5.8%-2.6pp	8.3%+7.5pp	0.8%
Net Margin	8.8%+2.3pp	6.5%+1.5pp	5.0%+4.8pp	0.2%-2.8pp	2.9%-0.2pp	3.1%-1.0pp	4.2%+4.9pp	-0.7%
Return on Equity	6.3%+1.9pp	4.4%+2.1pp	2.3%+2.2pp	0.1%-2.3pp	2.4%+0.2pp	2.2%+0.1pp	2.1%+2.5pp	-0.4%
Return on Assets	3.7%+1.5pp	2.2%+0.9pp	1.3%+1.2pp	0.1%-1.1pp	1.2%+0.3pp	0.9%-0.0pp	0.9%+1.1pp	-0.2%
Current Ratio	4.34+1.8	2.59-1.5	4.11+0.6	3.52+0.1	3.38+0.7	2.64-1.2	3.83-2.6	6.40
Debt-to-Equity	0.39-0.0	0.42-0.0	0.46-0.1	0.58-0.1	0.68-0.2	0.84+0.0	0.80-0.2	1.00
FCF Margin	4.5%-0.2pp	4.7%-9.5pp	14.3%-9.3pp	23.5%+1.9pp	21.6%+5.2pp	16.4%+3.9pp	12.6%-0.6pp	13.1%