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.
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JBT Marel Corporation (JBTM) Piotroski F-score
JBT Marel Corporation's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (2.00) |
| FY2024 | 6 | (1.00) |
| FY2023 | 7 | 3.00 |
| FY2022 | 4 | (2.00) |
| FY2021 | 6 | 1.00 |
| FY2020 | 5 | (1.00) |
| FY2019 | 6 | 0.00 |
| FY2018 | 6 | 0.00 |
| FY2017 | 6 | 2.00 |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.87%) | 2.79% | Fail | 0 |
| Positive operating cash flow | 341.70m | 232.60m | Pass | 1 |
| Rising return on assets | (0.87%) | 2.79% | Fail | 0 |
| Cash flow above net income | 392.20m | 147.20m | Pass | 1 |
| Falling long-term leverage | 0.25 | 0.41 | Pass | 1 |
| Rising current ratio | 0.98 | 3.48 | Fail | 0 |
| No new shares issued | 52,000,000 | 32,000,000 | Fail | 0 |
| Rising gross margin | 35.14% | 36.51% | Fail | 0 |
| Rising asset turnover | 0.65 | 0.56 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| GTES Gates Industrial Corporation PLC compare | 8 |
| PNR Pentair plc compare | 8 |
| AOS A. O. Smith Corporation compare | 8 |
| MIR Mirion Technologies, Inc. compare | 6 |
| NPO Enpro Inc. compare | 6 |
| MIDD The Middleby Corporation compare | 5 |
| FELE Franklin Electric Co., Inc. compare | 5 |
| JBTM JBT Marel Corporation | 4 |
| CSW CSW Industrials, Inc. compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover