JBT Marel Corporation (JBTM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.02	$1.95	-3.5%	—	$981M	—
Q1 26	$1.48	$1.58	+6.8%	—	$936M	—
Q4 25	$1.93	$1.98	+2.6%	—	$1B	—
Q3 25	$1.51	$1.94	+28.5%	—	—	—
Q2 25	$1.28	$1.49	+16.4%	—	$934.8M	—
Q1 25	$0.84	$0.97	+15.5%	—	$854.1M	—
Q4 24	$1.82	$1.7	-6.6%	—	$467.6M	—
Q3 24	$1.41	$1.5	+6.4%	—	$453.8M	—
Q2 24	$1.25	$1.05	-16.0%	—	$402.3M	—
Q1 24	$0.83	$0.85	+2.4%	—	$392.3M	—
Q4 23	$1.36	$1.4	+2.9%	—	$444.6M	—
Q3 23	$0.99	$1.11	+12.1%	—	$403.6M	—
Q2 23	$0.95	$0.97	+2.1%	—	$427.7M	—
Q1 23	$0.74	$0.94	+27.0%	—	$388.5M	—
Q4 22	$1.4	$1.49	+6.4%	—	$599.1M	—
Q3 22	$1.19	$1.27	+6.7%	—	$398.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.98	—	—	$3.8B	—
FY24	—	$2.67	—	—	$1.7B	—
FY23	—	$18.2	—	—	$1.7B	—
FY22	—	$4.08	—	—	$1.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.6B	$1.9B	$1.9B	$1.7B	$1.4B	$1.6B	$1.7B	$1.7B	$3.8B
YoY change	+22%	+21.1%	+17.4%	+1.35%	-11.2%	-18.9%	+13.5%	+4.66%	+3.1%	+121.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.6B	1.9B	1.9B	1.7B	1.4B	1.6B	1.7B	1.7B	3.8B
Cost of revenue	969.8M	1.2B	1.4B	1.3B	1.2B	918.7M	1.1B	1.1B	1.1B	2.5B
Gross profit	380.7M	470.7M	537.6M	598.1M	533.7M	482.1M	529.4M	585.7M	626.5M	1.3B
Gross margin	28.2%	28.8%	28%	30.7%	30.9%	34.4%	33.3%	35.2%	36.5%	35.1%
Research & development	23.6M	28.7M	—	—	—	—	—	—	—	—
Selling, general & administrative	267.4M	325.2M	346.8M	396.4M	358.5M	351.4M	389.7M	409.6M	506.7M	1.1B
Operating expenses	295.7M	354M	346.8M	396.4M	358.5M	351.4M	389.7M	409.6M	506.7M	1.1B
Operating income	113.3M	145.5M	190.8M	201.7M	175.2M	130.7M	139.7M	176.1M	119.8M	218.7M
Operating margin	8.39%	8.9%	9.94%	10.4%	10.1%	9.33%	8.78%	10.6%	6.98%	5.76%
Non-operating income, net	-9.9M	300K	-47.9M	-16M	-15.8M	-3.8M	-7.1M	-12.1M	-28.7M	-177.8M
Pretax income	94M	132.2M	129M	166.9M	145.5M	119.5M	120M	153.1M	95.4M	-62.4M
Income tax	26M	50.1M	24.6M	37.6M	36.7M	27M	16.2M	23.5M	10.7M	-13.1M
Net income	67.6M	80.5M	104.7M	129.6M	108.8M	119.1M	137.4M	582.6M	85.4M	-50.5M
Net margin	5.01%	4.92%	5.45%	6.66%	6.3%	8.5%	8.64%	35%	4.98%	-1.33%
EBITDA	154.2M	199.2M	247.6M	264.8M	243.3M	207.9M	219.6M	280.1M	205.6M	336.9M
EPS	2.3	2.56	3.26	4.04	3.4	3.7	4.08	18.2	2.67	-0.98
Diluted EPS	2.27	2.53	3.23	4.02	3.39	3.69	4.07	18.1	2.65	-0.98

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	403.6M	444.6M	392.3M	402.3M	453.8M	467.6M	854.1M	934.8M	—	1B	936M	981M
Cost of revenue	258.8M	281.1M	252M	259.1M	290.2M	288.2M	561.6M	600.6M	—	659.9M	607M	622M
Gross profit	144.8M	163.5M	140.3M	143.2M	163.6M	179.4M	292.5M	334.2M	—	348.1M	329M	359M
Gross margin	35.9%	36.8%	35.8%	35.6%	36.1%	38.4%	34.2%	35.8%	—	34.5%	35.1%	36.6%
Research & development	—	—	—	—	—	—	33.6M	30.9M	—	—	—	—
Selling, general & administrative	101.5M	104M	110.1M	116.2M	117M	163.4M	281.7M	250.4M	—	361.8M	261M	313M
Operating expenses	101.5M	104M	110.1M	116.2M	117M	163.4M	315.3M	281.3M	—	361.8M	261M	313M
Operating income	43.3M	59.5M	30.2M	27M	46.6M	16M	-22.8M	52.9M	—	79.5M	68M	46M
Operating margin	10.7%	13.4%	7.7%	6.71%	10.3%	3.42%	-2.67%	5.66%	—	7.89%	7.26%	4.69%
Non-operating income, net	-6.6M	-1.8M	-2.1M	-1.2M	-800K	-24.6M	-155.4M	-12.3M	—	-6M	2M	2M
Pretax income	35.8M	61.3M	30.9M	27.4M	47.6M	-10.5M	-219.2M	11.6M	—	61.5M	60M	35M
Income tax	4.6M	6.4M	8.1M	-3.3M	9.5M	-3.6M	-46.2M	7.9M	—	8.1M	15M	7M
Net income	441.6M	58.4M	22.8M	30.7M	38.9M	-7M	-173M	3.4M	—	53.1M	45M	28M
Net margin	109.4%	13.1%	5.81%	7.63%	8.57%	-1.5%	-20.3%	0.36%	—	5.27%	4.81%	2.85%
EBITDA	70.8M	94.8M	57M	53.9M	73.7M	21M	-105.6M	140.6M	170.9M	130.7M	138M	112M
EPS	14.6	2.54	0.71	0.96	1.22	-0.22	-3.35	0.07	—	1.02	0.86	0.54
Diluted EPS	14.5	2.52	0.71	0.95	1.21	-0.22	-3.35	0.07	—	1.01	0.86	0.54

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.5B	3.5B	2.3B	3.6B	3.6B	4.9B	2.9B	3.2B	4.1B	—	5.8B
Enterprise value	3B	3.8B	2.6B	4.3B	4.1B	5.5B	3.8B	3.3B	4.1B	—	7.3B
Shares outstanding	29.4M	31.4M	31.9M	31.9M	32M	32M	32M	32M	32M	52M	52M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	37.4	43.2	21.9	27.7	33.5	41.3	21.3	5.46	47.6	—	30.3
P/S	1.87	2.13	1.19	1.85	2.11	3.51	1.84	1.91	2.37	—	1.45
P/B	14	7.87	5.01	6.31	5.72	6.55	3.23	2.14	2.63	—	1.27
EV/EBITDA	19.4	19.2	10.6	16.1	16.9	26.5	17.4	11.9	19.9	—	11.4
EV/Sales	2.22	2.34	1.37	2.19	2.39	3.93	2.41	2.01	2.38	—	1.85
Earnings yield	2.68%	2.31%	4.57%	3.61%	2.99%	2.42%	4.7%	18.3%	2.1%	—	3.3%
FCF yield	1.2%	1.92%	4.98%	2.01%	5.97%	2.51%	1.73%	0.6%	4.79%	—	5.91%
PEG	—	—	—	—	—	—	—	—	—	—	0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	28.2%	28.8%	28%	30.7%	30.9%	34.4%	33.3%	35.2%	36.5%	35.1%	36.6%
Operating margin	8.39%	8.9%	9.94%	10.4%	10.1%	9.33%	8.78%	10.6%	6.98%	5.76%	8.05%
Net margin	5.01%	4.92%	5.45%	6.66%	6.3%	8.5%	8.64%	35%	4.98%	-1.33%	4.9%
ROE	37.6%	18.2%	22.9%	22.8%	17.1%	15.9%	15.2%	39.1%	5.53%	-1.13%	4.37%
ROA	5.69%	5.79%	7.26%	6.77%	6.02%	5.56%	5.2%	21.5%	2.5%	-0.62%	3.13%
ROIC	12.7%	11.4%	19.3%	12.7%	11.8%	7.52%	6.67%	9.02%	6.78%	3.54%	3.54%
Return on tangible assets	20.1%	22.7%	28.2%	63.1%	90.7%	2.2K%	199.1%	247.5%	7.98%	1.62%	1.62%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.23	1.33	1.27	1.49	1.35	1.31	1.48	2.27	3.48	0.98	1.24
Quick ratio	0.88	0.9	0.85	0.98	0.92	0.89	1.06	1.78	3.04	0.58	0.7
Debt / equity	2.77	0.87	0.85	1.23	0.82	0.9	1.08	0.43	0.81	0.42	0.38
Debt / assets	0.42	0.28	0.27	0.37	0.29	0.31	0.37	0.24	0.37	0.23	0.21
Net debt / EBITDA	3.02	1.75	1.39	2.49	1.96	2.86	4.13	0.58	0.12	5.09	2.88
Interest coverage	11	10.7	10.3	9.88	11.5	11.7	8.36	7.3	5.92	0.45	0.45
Effective tax rate	27.7%	37.9%	19.1%	22.5%	25.2%	22.6%	13.5%	15.3%	11.2%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	45.9	52.1	60.2	61	54	43.8	49.7	52	53.6	73	75.4
EPS (basic)	2.3	2.56	3.26	4.04	3.4	3.7	4.08	18.2	2.67	-0.98	-0.98
EPS (diluted)	2.27	2.53	3.23	4.02	3.39	3.69	4.07	18.1	2.65	-0.98	3.63
Book value per share	6.12	14.1	14.3	17.9	19.9	23.5	28.3	46.5	48.3	85.8	86.5
FCF per share	1.03	2.12	3.58	2.27	6.8	3.85	1.58	0.6	6.08	4.58	5.94
Cash per share	1.13	1.08	1.35	1.24	1.48	2.46	2.24	15.1	38.4	3.23	1.82
Capex per share	0	0	—	—	—	—	—	—	—	1.99	2.21

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0%	—	—	—	—	—	—	—	2.73%	2.73%
Capex / operating cash flow	0%	0%	—	—	—	—	—	—	—	30.3%	27.2%
Payout ratio	17.5%	15.8%	12.5%	9.8%	11.8%	10.7%	9.53%	2.2%	15.3%	-41.4%	10.8%
Dividend yield	0.47%	0.37%	0.57%	0.35%	0.35%	0.26%	0.45%	0.4%	0.32%	—	0.36%

Yield

0.36%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.10

ex-dividend Aug 17, 2026

Payout ratio

11%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 17, 2026	$0.10
May 26, 2026	$0.10
Mar 9, 2026	$0.10

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$403.6M	$444.6M	$392.3M	$402.3M	$453.8M	$467.6M	$854.1M	$934.8M	—	$1B	$936M	$981M
YoY change	+1.2%	-25.8%	+0.98%	-5.94%	+12.4%	+5.17%	+117.7%	+132.4%	—	+115.6%	+9.59%	+4.94%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	33.2M	34M	43M	39.5M	47.5M	78.8M	71.7M	483.3M	1.2B	167.9M
Receivables	260.5M	225.8M	253.4M	288.9M	236.1M	239.1M	200.5M	214.4M	239.7M	442.9M
Inventory	139.6M	190.2M	206.1M	245M	197.3M	229.1M	264M	238.9M	233.1M	643.7M
Total current assets	485M	588.6M	618.5M	708.2M	616.1M	718.7M	926.5M	1.1B	1.9B	1.6B
Property, plant & equipment	117.5M	131.5M	128.9M	140.5M	129.7M	129M	132.3M	128.4M	113.3M	304M
Goodwill & intangibles	851M	1B	1.1B	1.7B	1.7B	2.1B	2.6B	2.5B	2.3B	11.3B
Total assets	1.2B	1.4B	1.4B	1.9B	1.8B	2.1B	2.6B	2.7B	3.4B	8.2B
Accounts payable	135.7M	157.1M	191.2M	198.6M	140.7M	186M	170.6M	134.6M	131M	261.9M
Short-term debt	7.1M	10.5M	500K	900K	2.4M	—	600K	—	—	411.9M
Total current liabilities	393M	441.4M	485.3M	474.5M	457.5M	549.9M	624M	484.4M	535.5M	1.6B
Long-term debt	491.6M	372.7M	387.1M	698.3M	522.5M	674.4M	977.3M	646.4M	1.3B	1.5B
Total liabilities	1B	949.5M	985.6M	1.3B	1.2B	1.4B	1.7B	1.2B	1.9B	3.7B
Shareholders' equity	179.9M	441.9M	456.9M	569.5M	637.1M	750.5M	905.4M	1.5B	1.5B	4.5B
Total debt	498.7M	383.2M	387.6M	699.2M	524.9M	674.4M	977.9M	646.4M	1.3B	1.9B
Net debt	465.5M	349.2M	344.6M	659.7M	477.4M	595.6M	906.2M	163.1M	23.7M	1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	42.8M	526.7M	483.3M	479M	474.3M	534.5M	1.2B	101M	111.8M	167.9M	211M	93M
Receivables	213.3M	190.6M	214.4M	220.7M	228.4M	237.9M	239.7M	399.3M	413.7M	442.9M	438M	443M
Inventory	237.2M	226.7M	238.9M	250.2M	258.7M	259M	233.1M	613.5M	661.1M	643.7M	667M	700M
Total current assets	886.8M	1.1B	1.1B	1.1B	1.1B	1.2B	1.9B	1.5B	1.5B	1.6B	1.7B	1.6B
Property, plant & equipment	-315.8M	-318M	128.4M	-316.2M	-317.9M	-329.2M	113.3M	-340.7M	-362.2M	304M	-403M	-423M
Goodwill & intangibles	2.4B	2.3B	2.5B	2.3B	2.3B	2.3B	2.3B	10.9B	11.3B	11.3B	10.9B	10.7B
Total assets	2.6B	2.7B	2.7B	2.7B	2.7B	2.8B	3.4B	8B	8.3B	8.2B	8.2B	8B
Accounts payable	137.4M	121.3M	134.6M	142.4M	135.6M	144.7M	131M	282.2M	288.9M	261.9M	294M	300M
Short-term debt	900K	—	—	—	—	—	—	21.4M	410.2M	411.9M	411M	9M
Total current liabilities	610M	584.3M	484.4M	466.1M	442.9M	473.4M	535.5M	1.2B	1.6B	1.6B	1.7B	1.3B
Long-term debt	949.6M	645.8M	646.4M	647M	647.6M	648.3M	1.3B	2B	1.5B	1.5B	1.4B	1.7B
Total liabilities	1.7B	1.3B	1.2B	1.2B	1.2B	1.2B	1.9B	3.9B	3.9B	3.7B	3.7B	3.5B
Shareholders' equity	921.2M	1.4B	1.5B	1.5B	1.5B	1.6B	1.5B	4.1B	4.4B	4.5B	4.5B	4.5B
Total debt	950.5M	645.8M	646.4M	647M	647.6M	648.3M	1.3B	2B	1.9B	1.9B	1.8B	1.7B
Net debt	907.7M	244.1M	163.1M	168M	173.3M	113.8M	23.7M	1.9B	1.8B	1.7B	1.6B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	68M	82.1M	104.4M	129.3M	108.8M	92.5M	103.8M	129.3M	84.6M	-49.7M
Depreciation & amortization	38.5M	51.7M	57.7M	65.6M	71.8M	72.1M	76.2M	91.3M	89.4M	266.2M
Stock-based compensation	9.9M	9M	9.7M	9.4M	1.9M	5.5M	8.9M	11.4M	14.7M	23.2M
Change in working capital	-46.7M	-54.2M	-2.1M	-129M	49.1M	4.4M	-44.8M	-144.6M	-10.9M	-4.9M
Operating cash flow	68.9M	106.5M	151.8M	106.1M	246.1M	174M	133.5M	72.4M	164.3M	341.7M
Capital expenditure	0	0	—	—	—	—	—	—	—	-103.6M
Investing cash flow	-229.7M	-102M	-54.6M	-363.8M	-3M	-218.8M	-328.6M	784.4M	-3.4M	-1.8B
Dividends paid	-11.8M	-12.7M	-13.1M	-12.7M	-12.8M	-12.8M	-13.1M	-12.8M	-13.1M	-20.9M
Share repurchases	-4.3M	-5M	-20M	0	0	0	-7.7M	-5.1M	0	0
Financing cash flow	183.9M	26.3M	-51.2M	287.5M	-401.3M	48.8M	270.6M	-694.4M	-43.4M	407M
Net change in cash	23.1M	30.8M	46M	29.8M	-158.2M	4M	75.5M	162.4M	117.5M	-1.1B
Free cash flow	30.3M	66.7M	114.1M	72.3M	217.7M	123.2M	50.6M	19.1M	194.7M	238.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	31.1M	54.7M	22.7M	30.7M	38.1M	-6.9M	-173M	3.4M	67.2M	53.1M	45M	28M
Depreciation & amortization	23.1M	22M	22.1M	22.2M	22.2M	22.9M	60.6M	82.1M	55.5M	67.7M	68M	66M
Stock-based compensation	2.5M	4.3M	4.2M	3.6M	3.6M	3.3M	4.8M	4.3M	8.1M	6.1M	7M	12M
Change in working capital	-25.6M	-79.8M	-49.6M	-32.4M	-2.5M	73.6M	-53M	-3.4M	-55.8M	106.9M	-43M	-45M
Operating cash flow	33M	-1.6M	1.8M	28.8M	67.4M	95.9M	-133.6M	102.6M	87.3M	117.4M	119M	102M
Capital expenditure	—	—	—	—	—	—	—	-18.5M	-30.7M	-33.9M	-26M	-25M
Investing cash flow	783.5M	500K	3.3M	-5M	-2.2M	500K	-1.7B	-14.7M	-31.3M	-31.8M	-19M	-23M
Dividends paid	-3.3M	-3.1M	-3.2M	-3.2M	-3.2M	-3.5M	-5.3M	-5.5M	-4.7M	-5.2M	-5M	-6M
Share repurchases	0	-5.1M	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-305.5M	-348.1M	-6.1M	-10.3M	-6.7M	-20.3M	621.4M	840.4M	-103.2M	-32.8M	-54M	-577M
Net change in cash	511M	-349.2M	-1M	13.5M	58.5M	76.1M	-1.3B	928.3M	-47.2M	52.8M	46M	-498M
Free cash flow	22.1M	-30.3M	-100K	11.1M	65M	118.7M	14.4M	84.1M	56.6M	83.5M	93M	77M

JBT Marel Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement