JBT Marel Corporation (JBTM) vs The Middleby Corporation (MIDD)

JBT Marel Corporation and The Middleby Corporation are both Specialty Industrial Machinery companies. JBT Marel Corporation is the larger, with a market value of $5.7B against $4.9B — 1.2× the size. The Middleby Corporation has negative trailing earnings, so its P/E is not meaningful; JBT Marel Corporation trades at 29.9×. JBT Marel Corporation grew revenue faster over the last twelve months: 44.9% against 22.8%. JBT Marel Corporation has the higher net margin (4.90% vs −13.9%) and the lower return on invested capital (2.98% vs 8.97%). Both pay a dividend; JBT Marel Corporation yields more (0.40% vs 0.23%). Across the 21 metrics below, JBT Marel Corporation leads on 11 and The Middleby Corporation on 10.

Valuation

Metric JBTM MIDD Specialty Industrial Machinery median
P/E 29.92 n/m 29.62
P/S 1.46 1.44 2.77
P/B 1.28 2.21 3.04
Price to free cash flow 17.88 10.15 23.81
EV/EBITDA 13.38 9.81 16.05
EV/Sales 1.86 1.98 2.94
Earnings yield 3.34% (8.60%) 3.08%
Free cash flow yield 5.59% 9.86% 3.12%

Profitability

Metric JBTM MIDD Specialty Industrial Machinery median
Gross margin 35.55% 38.40% 35.90%
Operating margin 7.35% 17.07% 11.22%
Net margin 4.90% (13.91%) 7.80%
Free cash flow margin 8.17% 14.22% 9.51%
Return on equity 4.35% (16.16%) 11.10%
Return on assets 2.37% (7.42%) 4.63%
Return on invested capital 2.98% 8.97% 5.37%

Growth

Metric JBTM MIDD Specialty Industrial Machinery median
Revenue growth (TTM) 44.86% 22.83% 6.45%
EPS growth (last fiscal year) (136.98%) (167.34%) —
Revenue growth, 5-year CAGR 17.06% 4.96% 8.31%
Net income growth, 5-year CAGR 0.00% 0.00% 5.04%

Health

Metric JBTM MIDD Specialty Industrial Machinery median
Debt to equity 0.38 0.90 0.35
Current ratio 1.24 1.99 2.11
Net debt to EBITDA 3.72 2.87 1.32

Dividend

Metric JBTM MIDD Specialty Industrial Machinery median
Dividend yield 0.40% 0.23% 1.12%
Payout ratio 0.10 0.00 0.17

Size

Metric JBTM MIDD Specialty Industrial Machinery median
Market cap 5.74b 4.89b 1.97b

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