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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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 41.35 | 80.70 | 66.28 | 68.06 | 56.17 | 110.53 | 81.59 | 90.28 | 82.64 | 90.08 |
Analyst estimates 2026–2028 Powerpack |
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| High | 93.55 | 120.55 | 123.90 | 127.97 | 129.73 | 177.56 | 163.28 | 125.88 | 132.69 | 157.22 | |||||
| People | |||||||||||||||
| People | Employees | 5,000 | 5,800 | 5,800 | 6,400 | 6,200 | 6,600 | 7,200 | 5,100 | 12,200 | 11,500 | ||||
| Revenue/emp, $m | 0.27 | 0.28 | 0.33 | 0.30 | 0.28 | 0.21 | 0.22 | 0.33 | 0.14 | 0.33 | |||||
| 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 | ||||
| Gross margin, % | 28.19 | 28.79 | 28.00 | 30.74 | 30.89 | 34.42 | 33.29 | 35.19 | 36.51 | 35.14 | |||||
| EBT | 94 | 132 | 129 | 167 | 146 | 120 | 120 | 153 | 95 | (62) | |||||
| EBT margin, % | 6.96 | 8.09 | 6.72 | 8.58 | 8.42 | 8.53 | 7.55 | 9.20 | 5.56 | (1.64) | |||||
| Net income | 68 | 81 | 104 | 129 | 109 | 119 | 137 | 583 | 85 | (50) | |||||
| Depreciation | 39 | 52 | 58 | 66 | 72 | 72 | 76 | 91 | 89 | 266 | |||||
| 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 | ||||
| Earnings | 2.30 | 2.56 | 3.26 | 4.04 | 3.40 | 3.70 | 4.08 | 18.21 | 2.67 | (0.98) | |||||
| Cash flow | 2.29 | 3.33 | 4.82 | 3.45 | 7.88 | 5.47 | 4.23 | 2.32 | 7.27 | 6.57 | |||||
| Capex | (1.18) | (1.14) | (1.16) | (1.12) | (1.02) | (1.44) | (2.61) | (1.66) | (1.14) | (1.87) | |||||
| Free cash flow | 1.11 | 2.19 | 3.67 | 2.33 | 6.85 | 4.03 | 1.62 | 0.66 | 6.13 | 4.71 | |||||
| Book value | 6.12 | 14.07 | 14.32 | 17.85 | 19.91 | 23.45 | 28.29 | 46.53 | 48.26 | 85.84 | |||||
| Shares, m | 29 | 31 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 52 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 37.23 | 43.36 | 21.96 | 27.82 | 33.39 | 41.62 | 22.66 | 5.11 | 47.60 | 0.00 | ||||
| P/S | 1.86 | 2.13 | 1.19 | 1.85 | 2.11 | 3.51 | 1.87 | 1.86 | 2.37 | 2.06 | |||||
| P/B | 13.93 | 7.89 | 5.01 | 6.31 | 5.72 | 6.55 | 3.28 | 2.08 | 2.63 | 1.76 | |||||
| EV/Sales | 2.20 | 2.35 | 1.37 | 2.19 | 2.39 | 3.94 | 2.43 | 1.96 | 2.38 | 2.51 | |||||
| EV/FCF | 91.16 | 55.65 | 22.52 | 57.17 | 18.80 | 42.82 | 74.90 | 153.62 | 20.87 | 38.95 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 67 | 105 | 154 | 110 | 252 | 175 | 135 | 74 | 233 | 342 | ||||
| Capex | (35) | (36) | (37) | (36) | (33) | (46) | (83) | (53) | (36) | (97) | |||||
| Free cash flow | 33 | 69 | 117 | 74 | 219 | 129 | 52 | 21 | 196 | 245 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 92 | 147 | 133 | 234 | 159 | 169 | 303 | 616 | 1,328 | (39) | ||||
| Total debt | 499 | 383 | 388 | 699 | 525 | 684 | 978 | 646 | 1,252 | 1,882 | |||||
| Net debt | 466 | 349 | 345 | 660 | 477 | 606 | 906 | 163 | 24 | 1,695 | |||||
| Shareholders’ equity | 180 | 442 | 457 | 570 | 637 | 751 | 905 | 1,489 | 1,544 | 4,464 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 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 | |||||
| ROE | 43.67 | 25.89 | 23.16 | 25.14 | 18.03 | 17.17 | 16.60 | 48.67 | 5.63 | (1.68) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| PNR Pentair plc | $8.5B | 13.3× | 14.9× | −16.96% (below 0%: shrinking) | −11.11% (below 0%: shrinking) | −7.20% (below 0%: shrinking) | 42.35% | 17.85% | Compare |
| AOS A. O. Smith Corporation | $8.1B | 16.5× | 15.3× | −0.69% (below 0%: shrinking) | −14.95% (below 0%: shrinking) | −6.61% (below 0%: shrinking) | 38.61% | 18.93% | Compare |
| GTES Gates Industrial Corporation PLC | $6.7B | 18.2× | 23.0× | +6.55% (above 0%: growing) | +204.55% (above 0%: growing) | −18.45% (below 0%: shrinking) | 41.00% | 13.98% | Compare |
| NPO Enpro Inc. | $6.0B | 134× | 51.3× | +17.60% (above 0%: growing) | +1.59% (above 0%: growing) | −15.53% (below 0%: shrinking) | 43.98% | 17.03% | Compare |
| JBTM JBT Marel Corporation | $5.5B | 28.3× | 25.4× | +4.92% (above 0%: growing) | +671.43% (above 0%: growing) | −10.23% (below 0%: shrinking) | 36.60% | 4.69% | |
| MIDD The Middleby Corporation | $4.9B | — (loss-making) | 18.9× | +9.88% (above 0%: growing) | −39.80% (below 0%: shrinking) | −544.63% (below 0%: shrinking) | 38.27% | 16.87% | Compare |
| CSW CSW Industrials, Inc. | $4.7B | 39.4× | 29.5× | +33.00% (above 0%: growing) | +25.51% (above 0%: growing) | +20.60% (above 0%: growing) | 44.88% | 22.77% | Compare |
| FELE Franklin Electric Co., Inc. | $4.5B | 28.6× | 21.7× | +6.03% (above 0%: growing) | +12.12% (above 0%: growing) | +122.96% (above 0%: growing) | 37.02% | 15.03% | Compare |
| MIR Mirion Technologies, Inc. | $3.9B | 158× | 104× | +19.69% (above 0%: growing) | −25.00% (below 0%: shrinking) | +1,236.11% (above 0%: growing) | 49.89% | 6.71% | Compare |
| Median of peers | $5.5B | 28.6× | 22.4× | +8.22% | −4.76% | −6.90% | 41.67% | 16.95% |
JBT Marel Corporation (JBTM) key facts
- Concern: JBT Marel Corporation reported a net loss of $50.5 million, or a loss of $0.98 per share, for fiscal 2025.
- Strength: JBT Marel Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 121.3% from fiscal 2024.
- JBT Marel Corporation (JBTM) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, JBTM traded at $104.24, a market capitalization of $5.5 billion.
- At that price the stock trades at 28.3× trailing-twelve-month earnings and 1.4× sales; its P/E is higher than 41% of its own readings over the past ten years.
- JBT Marel Corporation pays an annual dividend of $0.40 per share, a yield of 0.38%, with a payout ratio of 10.9%.
- Return on equity was −1.68% and debt-to-equity 0.38.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.05 (grey zone) for fiscal 2025.