Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 4.92%, EPS grew 671.4%, free cash flow fell 10.2% and total debt fell 12.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.
104.24
1.69
−1.60%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
37.23 | 43.36 | 21.96 | 27.82 | 33.39 | 41.62 | 22.66 | 5.11 | 47.60 | 0.00 |
Piotroski F-Score |
4 | 6 | 6 | 6 | 5 | 6 | 4 | 7 | 6 | 4 |
P/S ratio |
1.86 | 2.13 | 1.19 | 1.85 | 2.11 | 3.51 | 1.87 | 1.86 | 2.37 | 2.06 |
Altman Z-Score |
3.33 | 4.18 | 3.57 | 3.48 | 3.72 | 3.54 | 2.39 | 3.41 | 3.02 | 2.05 |
Altman Z″-Score (non-manufacturers) |
2.00 | 2.66 | 2.70 | 2.81 | 2.89 | 2.59 | 2.74 | 4.94 | 5.12 | 1.96 |
P/FCF ratio |
76.88 | 50.59 | 19.58 | 48.30 | 16.62 | 38.12 | 57.37 | 145.89 | 20.74 | 32.02 |
Beneish M-Score |
(2.21) | (2.59) | (2.52) | (2.30) | (2.98) | (2.68) | (2.65) | (2.30) | (2.81) | (1.31) |
P/Operating CF |
61.73 | 95.23 | 17.91 | 47.73 | 40.09 | 423.61 | 61.54 | (144.52) | 31.60 | 66.74 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 47 |
P/B ratio |
13.93 | 7.89 | 5.01 | 6.31 | 5.72 | 6.55 | 3.28 | 2.08 | 2.63 | 1.76 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.65 | 9.37 | 0.00 |
EV/Sales |
2.20 | 2.35 | 1.37 | 2.19 | 2.39 | 3.94 | 2.43 | 1.96 | 2.38 | 2.51 |
EV/EBITDA |
21.30 | 19.61 | 13.08 | 16.76 | 17.54 | 27.92 | 18.55 | 12.72 | 19.69 | 20.92 |
EV/Operating CF |
44.09 | 36.66 | 17.12 | 38.60 | 16.35 | 31.56 | 28.64 | 43.89 | 17.59 | 27.89 |
EV/FCF |
91.16 | 55.65 | 22.52 | 57.17 | 18.80 | 42.82 | 74.90 | 153.62 | 20.87 | 38.95 |
Quick Ratio |
0.75 | 0.59 | 0.61 | 0.69 | 0.62 | 0.58 | 0.44 | 1.44 | 2.74 | 0.39 |
Current Ratio |
1.23 | 1.33 | 1.27 | 1.49 | 1.35 | 1.31 | 1.48 | 2.27 | 3.48 | 0.98 |
Net Debt/EBITDA |
3.34 | 1.79 | 1.71 | 2.60 | 2.03 | 3.06 | 4.34 | 0.64 | 0.11 | 3.72 |
Debt/Assets |
42.00% | 27.54% | 26.87% | 36.51% | 29.07% | 31.96% | 37.03% | 23.85% | 36.68% | 22.98% |
Debt/Equity |
2.77 | 0.87 | 0.85 | 1.23 | 0.82 | 0.91 | 1.08 | 0.43 | 0.81 | 0.42 |
Asset Turnover |
1.31 | 1.27 | 1.35 | 1.16 | 0.93 | 0.71 | 0.67 | 0.62 | 0.56 | 0.65 |
Operating CF/Net income |
1.00 | 1.30 | 1.48 | 0.85 | 2.32 | 1.47 | 0.98 | 0.13 | 2.72 | (6.77) |
Capex/Depreciation |
(0.90) | (0.69) | (0.64) | (0.55) | (0.46) | (0.64) | (1.10) | (0.58) | (0.41) | (0.36) |
Interest Coverage |
10.74 | 10.57 | 10.35 | 10.01 | 11.73 | 11.21 | 8.14 | 6.78 | 6.10 | 1.66 |
| 43.67% | 25.89% | 23.16% | 25.14% | 18.03% | 17.17% | 16.60% | 48.67% | 5.63% | (1.68%) | |
| 6.55% | 6.24% | 7.35% | 7.68% | 5.85% | 6.03% | 5.75% | 21.77% | 2.79% | (0.87%) | |
ROIC |
9.78% | 11.36% | 11.21% | 9.57% | 9.15% | 5.79% | 4.57% | 6.23% | 4.72% | 1.92% |
Return on Tangible Assets |
22.37% | 21.17% | 27.92% | 25.84% | 25.50% | 27.29% | 25.08% | 67.45% | 5.47% | (6.69%) |
Average Days of Receivables |
70.41 | 50.40 | 48.18 | 54.20 | 49.88 | 62.30 | 46.02 | 47.02 | 50.99 | 42.56 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
19.80% | 19.89% | 18.07% | 20.37% | 20.75% | 25.09% | 24.50% | 24.61% | 29.53% | 29.38% |
Intangible Assets out of Total Assets |
0.36 | 0.37 | 0.37 | 0.45 | 0.47 | 0.48 | 0.45 | 0.43 | 0.33 | 0.68 |
Share Based Compensation of Revenue |
0.73% | 0.55% | 0.51% | 0.48% | 0.11% | 0.39% | 0.56% | 0.68% | 0.86% | 0.61% |
Graham Net Nets |
(0.21) | (0.10) | (0.16) | (0.18) | (0.15) | (0.14) | (0.27) | (0.04) | 0.00 | (0.27) |
Graham Number |
17.76 | 28.47 | 32.46 | 40.33 | 39.08 | 44.13 | 51.03 | 140.70 | 53.84 | 0.00 |
Earnings Yield |
2.69% | 2.31% | 4.55% | 3.59% | 2.99% | 2.40% | 4.41% | 19.57% | 2.10% | (0.66%) |
Free Cash Flow Yield |
1.30% | 1.98% | 5.11% | 2.07% | 6.02% | 2.62% | 1.74% | 0.69% | 4.82% | 3.12% |
Revenue per Share |
45.94 | 52.07 | 60.18 | 60.99 | 53.99 | 43.78 | 49.70 | 52.01 | 53.63 | 73.04 |
Operating CF per Share |
2.29 | 3.33 | 4.82 | 3.45 | 7.88 | 5.47 | 4.23 | 2.32 | 7.27 | 6.57 |
Capex per Share |
(1.18) | (1.14) | (1.16) | (1.12) | (1.02) | (1.44) | (2.61) | (1.66) | (1.14) | (1.87) |
Free Cash Flow per Share |
1.11 | 2.19 | 3.67 | 2.33 | 6.85 | 4.03 | 1.62 | 0.66 | 6.13 | 4.71 |
Cash per Share |
1.13 | 1.08 | 1.35 | 1.24 | 1.48 | 2.46 | 2.24 | 15.10 | 38.39 | 3.59 |
Shareholders Equity per Share |
6.12 | 14.07 | 14.32 | 17.85 | 19.91 | 23.45 | 28.29 | 46.53 | 48.26 | 85.84 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.12 | 14.07 | 14.32 | 17.85 | 19.91 | 23.45 | 28.29 | 46.53 | 48.26 | 85.84 |
Free Cash Flow |
32.60 | 68.90 | 117.00 | 74.40 | 219.20 | 128.90 | 51.70 | 21.20 | 196.10 | 244.70 |
Working Capital |
92.00 | 147.20 | 133.20 | 233.70 | 158.60 | 168.80 | 302.50 | 615.80 | 1,327.80 | (39.10) |
Capital Expenditures |
(34.80) | (35.70) | (36.90) | (35.80) | (32.80) | (46.00) | (83.50) | (53.00) | (36.50) | (97.00) |
Net Current Asset Value |
(522.50) | (360.90) | (367.10) | (637.20) | (552.70) | (672.20) | (809.10) | (121.30) | (6.30) | (2,143.80) |
EV/EBIT |
29.42 | 26.67 | 18.33 | 22.60 | 25.27 | 43.95 | 29.20 | 19.77 | 34.56 | 50.32 |
Capex to Sales |
0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.03 | 0.02 | 0.03 |
Price to Operating Income |
24.82 | 24.24 | 15.93 | 19.10 | 22.34 | 39.12 | 22.37 | 18.78 | 34.35 | 41.37 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.18 | 0.22 | 0.24 | 0.25 | 0.27 | 0.27 | 0.31 | 0.37 | 0.38 | 0.34 |
Cash ROIC |
4.58% | 8.02% | 13.18% | 5.69% | 18.12% | 8.52% | 2.64% | 0.81% | 4.87% | 3.75% |
Accounts Receivable Turnover |
5.71 | 6.72 | 8.01 | 7.18 | 6.58 | 5.90 | 7.24 | 8.02 | 7.56 | 11.13 |
Accounts Payable Turnover |
7.87 | 7.95 | 7.94 | 6.91 | 7.04 | 5.62 | 5.95 | 7.07 | 8.20 | 12.54 |
Inventory Turnover |
7.93 | 7.06 | 6.98 | 5.97 | 5.40 | 4.31 | 4.30 | 4.29 | 4.62 | 5.62 |
Average Days of Payables |
51.07 | 49.25 | 50.49 | 53.79 | 43.01 | 73.90 | 58.69 | 45.54 | 43.89 | 38.80 |
Days of Inventory on Hand |
52.54 | 59.62 | 54.43 | 66.36 | 60.31 | 91.02 | 90.83 | 80.84 | 78.09 | 95.37 |
Average Receivables |
236.50 | 243.15 | 239.60 | 271.15 | 262.50 | 237.60 | 219.80 | 207.45 | 227.05 | 341.30 |
Average Payables |
123.20 | 146.40 | 174.15 | 194.90 | 169.65 | 163.35 | 178.30 | 152.60 | 132.80 | 196.45 |
Average Inventory |
122.25 | 164.90 | 198.15 | 225.55 | 221.15 | 213.20 | 246.55 | 251.45 | 236.00 | 438.40 |
Average Assets |
1,031.75 | 1,289.40 | 1,416.95 | 1,678.70 | 1,860.40 | 1,973.65 | 2,391.20 | 2,675.70 | 3,062.10 | 5,802.25 |
Average Common Equity |
154.80 | 310.90 | 449.40 | 513.20 | 603.30 | 693.80 | 827.95 | 1,197.15 | 1,516.55 | 3,004.00 |
Columns are period end dates