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JBT Marel Corporation

JBTM Industrials Specialty Industrial Machinery

JBT Marel Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 121.3% from fiscal 2024.

Revenue
−0.70%
EPS
+7.87%
Free cash flow
+30.4%
Total debt
−11.2%

Quarter to September 2026, against a year earlier

126.78 0.51 +0.40%
Market cap
$6.5B
P/E
33.5×
Fwd P/E
24.9×
Dividend yield
0.32%
F-score
4/9
Altman Z
2.05
Beneish M
−1.31
Dividend safety
47/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2024

  • Prepared Food and Beverage Solutions
  • Protein Solutions

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 4.31
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 1 — — — — — — — —
Insider Ownership 0.78%

Capital & Financial Ratios $m

Size
Market Cap 6,480.00
Revenue ttm 3,919.20
Net income ttm 196.50
Free cash flow ttm 337.70
Net debt Q 1,577.00
Valuation
P/E 33.55
Forward P/E 24.90
Price / sales 1.67
Forward P/S Powerpack
Price / FCF 19.33
Price / book 1.47
Financial health
Current ratio Q 1.29
Debt / equity Q 0.38 (at or below 0.5: strong)
Interest coverage Q 7.69
Growth
Revenue growth Q −0.70% (below 0%: shrinking)
Operating income growth Q −0.99% (below 0%: shrinking)
EPS, this year +27.71% (at or above 15%: strong)
EPS, next year A +14.12%
Revenue, next year A +5.89%
EPS, past 5 yrs —
EPS, next 5 yrs A +19.43% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 2.2×; over the ten years it ranged from 1.4× in 2018 to 3.9× in 2021.
P/E against its own 10 years 60.78%
10-year low 10-year high
P/S against its own 10 years 21.34%
10-year low 10-year high
P/B against its own 10 years 4.66%
10-year low 10-year high
EV/Sales against its own 10 years 33.77%
10-year low 10-year high
EV/FCF against its own 10 years 17.90%
10-year low 10-year high

Dividends

Yield
0.32%
Annual rate
0.40
Payout ratio
10.6%
Growth, 2017–25
0.00%/yr
  1. 0.40 ’17
  2. 0.40 ’18 +0
  3. 0.40 ’19 +0
  4. 0.40 ’20 +0
  5. 0.40 ’21 +0
  6. 0.40 ’22 +0
  7. 0.40 ’23 +0
  8. 0.40 ’24 +0
  9. 0.40 ’25 +0
  10. 0.41 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 483 1,228 187 117
Receivables 214 240 443 451
Inventory 239 233 644 704
Other 164 162 310 372
1,100 1,863 1,583 1,644
2023 2024 2025 Q'26
Payables 135 131 262 296
ST’ Debt — — 412 7
Other 118 155 261 295
484 536 1,622 1,276

Compound Annual Growth %

10y 5y 3y
Sales 13.12% 17.06% 33.67%
Cash Flow 11.81% 6.28% 36.21%
Earnings 0.00% 0.00% 0.00%
Book Value 42.45% 47.60% 70.20%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.09 Actual 2.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.92 1.98 Beat by 0.06
Q1 FY26 1.49 1.58 Beat by 0.09
Q2 FY26 2.02 1.95 Miss by 0.07
Q3 FY26 2.09 2.19 Beat by 0.10
Q4 FY26 2.43 — Reports 22 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.86 0.54 1.36 — —
’25 (3.35) 0.07 1.26 1.01 (0.98)
’24 0.71 0.95 1.21 (0.22) 2.65
’23 0.80 0.97 14.54 2.52 18.13
’22 0.80 1.04 1.07 1.17 4.07
’21 0.84 0.95 0.91 0.99 3.69
’20 0.90 1.01 0.54 0.94 3.39
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 936 981 994 — —
’25 854 935 1,001 1,008 3,798
’24 392 402 454 468 1,716
’23 389 428 404 445 1,664
’22 469 394 399 328 1,590
’21 418 476 477 30 1,401
’20 458 412 419 439 1,728
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 119 102 99 — —
’25 34 103 87 118 342
’24 10 22 72 129 233
’23 11 51 33 (21) 74
’22 39 36 12 48 135
’21 86 45 33 12 175
’20 14 87 60 91 252
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 100 79 73 — —
’25 15 88 56 86 245
’24 0 12 65 119 196
’23 (5) 33 23 (29) 21
’22 13 20 (8) 27 52
’21 77 34 20 (2) 129
’20 5 81 53 80 219
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 9.5% a year for ten years. It grew 17.7% a year over the last ten.

Implied
9.5%
10 years, reported
17.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,351 1,635 1,920 1,946 1,728 1,401 1,590 1,664 1,716 3,798 3,919 +12.2% 4,022 4,224 4,297 +4.2%
Gross margin, % 28.19 28.79 28.00 30.74 30.89 34.42 33.29 35.19 36.51 35.14 35.46 +7.0 pt
EBT 94 132 129 167 146 120 120 153 95 (62) 245 n/m
EBT margin, % 6.96 8.09 6.72 8.58 8.42 8.53 7.55 9.20 5.56 (1.64) 6.24 (8.6) pt
Net income 68 81 104 129 109 119 137 583 85 (50) 197 n/m
Per share, $
Per share, $ Revenue 45.94 52.07 60.18 60.99 53.99 43.78 49.70 52.01 53.63 73.04 76.10 +5.3%
Earnings 2.30 2.56 3.26 4.04 3.40 3.70 4.08 18.21 2.67 (0.98) 3.78 n/m
Cash flow 2.29 3.33 4.82 3.45 7.88 5.47 4.23 2.32 7.27 6.57 8.50 +12.4%
Capex (1.18) (1.14) (1.16) (1.12) (1.02) (1.44) (2.61) (1.66) (1.14) (1.87) (1.94) +5.2%
Free cash flow 1.11 2.19 3.67 2.33 6.85 4.03 1.62 0.66 6.13 4.71 6.56 +17.4%
Book value 6.12 14.07 14.32 17.85 19.91 23.45 28.29 46.53 48.26 85.84 86.00 +34.1%
Shares, m 29 31 32 32 32 32 32 32 32 52 52 +6.5%
Valuation, ×
Valuation, × P/E 37.23 43.36 21.96 27.82 33.39 41.62 22.66 5.11 47.60 0.00 33.55 28.1
P/S 1.86 2.13 1.19 1.85 2.11 3.51 1.87 1.86 2.37 2.06 1.67 2.1
P/B 13.93 7.89 5.01 6.31 5.72 6.55 3.28 2.08 2.63 1.76 1.47 5.5
EV/Sales 2.20 2.35 1.37 2.19 2.39 3.94 2.43 1.96 2.38 2.51 2.07 2.4
EV/FCF 91.16 55.65 22.52 57.17 18.80 42.82 74.90 153.62 20.87 38.95 24.00 57.6
Cash, $m
Cash, $m Operating cash flow 67 105 154 110 252 175 135 74 233 342 438 +19.8%
Capex (35) (36) (37) (36) (33) (46) (83) (53) (36) (97) (100) +12.1%
Free cash flow 33 69 117 74 219 129 52 21 196 245 338 +25.1%
Balance, $m
Balance, $m Working capital 92 147 133 234 159 169 303 616 1,328 (39) 368 n/m
Net debt 466 349 345 660 477 606 906 163 24 1,695 1,577 +15.4%
Shareholders’ equity 180 442 457 570 637 751 905 1,489 1,544 4,464 4,429 +42.9%
Returns, %
Returns, % ROA 6.55 6.24 7.35 7.68 5.85 6.03 5.75 21.77 2.79 (0.87) 2.43 (7.4) pt
ROIC 9.78 11.36 11.21 9.57 9.15 5.79 4.57 6.23 4.72 1.92 2.99 (7.9) pt
ROE 43.67 25.89 23.16 25.14 18.03 17.17 16.60 48.67 5.63 (1.68) 4.44 (45.3) pt
People
People Employees 5,000 5,800 5,800 6,400 6,200 6,600 7,200 5,100 12,200 11,500 — +9.7%
Revenue/emp, $m 0.27 0.28 0.33 0.30 0.28 0.21 0.22 0.33 0.14 0.33 — +2.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

JBT Marel designs, makes and services equipment and systems for food and beverage producers. Its customers use the machinery to process raw ingredients, prepare foods, fill containers and package finished products. It sells individual machines as well as integrated processing lines that can handle several stages of production.

The Protein Solutions business focuses on the initial processing of poultry, pork, fish and beef. Its equipment includes systems for cutting, removing bones, portioning and batching products. Prepared Food and Beverage Solutions works further along the production process, with equipment for cooking, freezing, filling, preserving, labeling and packaging. It also serves markets including pet food, dairy, bakery, pharmaceuticals and warehouse automation.

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by segment, and margins
Prepared Food and Beverage Solutions 1,547 90.17%
Protein Solutions 169 9.83%
Gross margin 36.51%
Operating margin 6.90%
Pre-tax margin 5.56%

Revenue by segment since 2010

JBT Marel Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DCI Donaldson Company, Inc. $9.6B 21.3× 19.3× +7.96% (above 0%: growing) +13.27% (above 0%: growing) +23.80% (above 0%: growing) 36.26% 16.68% Compare
AOS A. O. Smith Corporation $8.9B 18.5× 17.8× −0.21% (below 0%: shrinking) −0.74% (below 0%: shrinking) −32.29% (below 0%: shrinking) 38.78% 18.63% Compare
JBTM JBT Marel Corporation $6.5B 33.5× 24.9× −0.70% (below 0%: shrinking) +7.87% (above 0%: growing) +30.36% (above 0%: growing) 35.51% 10.06%
GTES Gates Industrial Corporation PLC $5.9B 16.3× 16.2× +5.60% (above 0%: growing) +9.68% (above 0%: growing) −47.48% (below 0%: shrinking) 42.42% 14.53% Compare
MIDD The Middleby Corporation $5.9B — (loss-making) 21.5× +9.88% (above 0%: growing) −39.80% (below 0%: shrinking) −544.63% (below 0%: shrinking) 38.27% 16.87% Compare
NPO Enpro Inc. $5.5B 87.4× 44.4× +22.40% (above 0%: growing) +84.55% (above 0%: growing) +30.13% (above 0%: growing) 43.67% 18.04% Compare
CSW CSW Industrials, Inc. $4.5B 35.2× 30.1× +30.51% (above 0%: growing) +21.47% (above 0%: growing) +56.64% (above 0%: growing) 42.03% 20.90% Compare
FELE Franklin Electric Co., Inc. $4.2B 21.3× 21.1× +8.92% (above 0%: growing) +273.30% (above 0%: growing) −28.37% (below 0%: shrinking) 35.36% 13.65% Compare
MIR Mirion Technologies, Inc. $4.2B 146× 113× +24.52% (above 0%: growing) +222.00% (above 0%: growing) +255.64% (above 0%: growing) 47.34% 6.19% Compare
Median of peers $5.7B 21.3× 21.3× +9.40% +17.37% −2.29% 40.41% 16.78%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • CEO Brian Deck said second-quarter orders rose 10% year over year, helped by Prepared Food and Beverage demand and cross-selling initiatives.
  • Deck said logistics delays and production inefficiencies accounted for a roughly $20 million revenue shortfall in Prepared Food and Beverage, which the company redistributed across the second half.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 101.84%
Held by the ten largest 57.12%
Holder Shares Stake Change
BlackRock 7.93m 15.29% +262.92k
Vanguard 5.66m 10.91% +81.58k
T. Rowe Price 4.97m 9.59% +146.00k
UBS 2.45m 4.73% +470.74k
State Street 2.12m 4.08% +118.08k
Lifeyrissjodur verzlunarmanna (Pension Fund of Commerce) 1.60m 3.08% 0.00
Invesco 1.45m 2.80% +1.30m
Geode Capital Management 1.38m 2.65% +92.78k
Fidelity (FMR) 1.06m 2.04% +508.19k
AllianceBernstein 1.02m 1.96% +109.58k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.97m 13.09m 135.00

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 15.00%
The Vanguard Group 7.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

JBT Marel Corporation (JBTM) Latest News

4 Nov

Impact 3 · · Simply Wall St.

3 Nov

Impact 3 · · MarketBeat transcript
Impact 3 · · GuruFocus.com
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · StockStory
Impact 3 · · Business Wire

25 Oct

Impact 4 · · Simply Wall St.

24 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · StockStory

1 Oct

Impact 3 · · StockStory

21 Sep

Impact 3 · · StockStory

5 Sep

Impact 3 ·

17 Aug

Impact 3 ·
Impact 3 ·

11 Aug

Impact 3 ·

10 Aug

Impact 3 · · The Motley Fool transcript

5 Aug

Impact 3 · · MarketBeat transcript

4 Aug

Impact 4 · transcript
Impact 3 · · Moby transcript

3 Aug

Impact 4 ·
Impact 3 ·

2 Aug

Impact 3 ·

28 May

Impact 3 · · Simply Wall St.

27 May

Impact 3 · · StockStory

15 May

Impact 3 · · Simply Wall St.

14 May

Impact 4 · · Business Wire

13 May

Impact 3 · · StockStory

11 May

Impact 4 · · MarketBeat

JBTM metrics, ten years each

stockrow.com/JBTM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com