NYSE : JBTM
JBT Marel Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 109.17 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 5.64B
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Financial statements
JBT Marel Corporation (JBTM) reported revenue of 3.93B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.93B | 3.80B | 1.72B | 1.66B | 1.59B | 1.40B |
| Cost of Revenue | 2.53B | 2.46B | 1.09B | 1.08B | 1.06B | 918.50M |
| Gross Profit | 1.40B | 1.33B | 626.50M | 585.70M | 529.40M | 482.30M |
| Selling, General & Admin | 988.70M | 1.15B | 448.10M | 404.30M | 378.10M | 340.90M |
| Operating Expenses | 988.70M | 1.15B | 448.10M | 404.30M | 378.10M | 340.90M |
| Operating Income | 407.10M | 186.10M | 178.40M | 181.40M | 151.30M | 141.40M |
| Interest Expense | -73.40M | -114.40M | -19.40M | -24.30M | -16.30M | -11.20M |
| Interest & Investment Income | 11.10M | 11.10M | 23.70M | 13.40M | 3.70M | 3.80M |
| Earnings From Equity Investments | -400.00K | -400.00K | -100.00K | -300.00K | ||
| Currency Exchange Gain (Loss) | 15.60M | 10.60M | ||||
| EBT Excluding Unusual Items | 360.00M | 93.00M | 182.60M | 170.20M | 138.70M | 134.00M |
| Merger & Restructuring Charges | -87.20M | -145.20M | -87.30M | -17.40M | -18.70M | -14.50M |
| Gain (Loss) on Sale of Investments | 400.00K | -10.60M | ||||
| Pretax Income | 240.20M | -62.80M | 95.30M | 152.80M | 120.00M | 119.50M |
| Income Tax Expense | 46.90M | -13.10M | 10.70M | 23.50M | 16.20M | 27.00M |
| Earnings From Continuing Operations | 193.30M | -49.70M | 84.60M | 129.30M | 103.80M | 92.50M |
| Earnings From Discontinued Operations | -800.00K | -800.00K | 800.00K | 453.30M | 33.60M | 26.60M |
| Net Income | 192.50M | -50.50M | 85.40M | 582.60M | 137.40M | 119.10M |
| Net Income to Common | 192.50M | -50.50M | 85.40M | 582.60M | 137.40M | 119.10M |
| Shares Outstanding (Basic) | 52.10M | 52.00M | 32.00M | 32.00M | 32.00M | 32.00M |
| Shares Outstanding (Diluted) | 52.20M | 52.00M | 32.20M | 32.10M | 32.10M | 32.10M |
| EPS (Basic) | 3.69 | -0.97 | 2.67 | 18.21 | 4.29 | 3.72 |
| EPS (Diluted) | 3.68 | -0.98 | 2.65 | 18.14 | 4.28 | 3.71 |
| Free Cash Flow | 310.10M | 238.10M | 195.70M | -15.50M | 56.30M | 172.10M |
| Free Cash Flow Per Share | 5.94 | 4.58 | 6.08 | -0.48 | 1.75 | 5.36 |
| Dividend Per Share | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Gross Margin | 35.55% | 35.14% | 36.51% | 35.19% | 33.29% | 34.43% |
| Operating Margin | 10.37% | 4.90% | 10.40% | 10.90% | 9.51% | 10.09% |
| Profit Margin | 4.90% | -1.33% | 4.98% | 35.00% | 8.64% | 8.50% |
| Free Cash Flow Margin | 7.90% | 6.27% | 11.40% | -0.93% | 3.54% | 12.29% |
| EBITDA | 637.40M | 425.40M | 254.60M | 258.30M | 223.00M | 209.80M |
| EBITDA Margin | 16.23% | 11.20% | 14.84% | 15.52% | 14.02% | 14.98% |
| D&A For EBITDA | 230.30M | 239.30M | 76.20M | 76.90M | 71.70M | 68.40M |
| EBIT | 407.10M | 186.10M | 178.40M | 181.40M | 151.30M | 141.40M |
| EBIT Margin | 10.37% | 4.90% | 10.40% | 10.90% | 9.51% | 10.09% |
| Effective Tax Rate | 19.53% | 11.23% | 15.38% | 13.50% | 22.59% | |
| Revenue as Reported | 1.59B | 1.40B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.00M | 167.90M | 1.23B | 483.30M | 71.70M | 78.80M |
| Cash & Short-Term Investments | 94.00M | 167.90M | 1.23B | 483.30M | 71.70M | 78.80M |
| Receivables | 587.00M | 561.40M | 335.10M | 288.90M | 265.60M | 333.50M |
| Inventory | 700.00M | 643.70M | 233.10M | 238.90M | 264.00M | 229.10M |
| Restricted Cash | 19.00M | 18.60M | ||||
| Other Current Assets | 214.00M | 191.50M | 66.70M | 89.10M | 325.20M | 77.30M |
| Total Current Assets | 1.61B | 1.58B | 1.86B | 1.10B | 926.50M | 718.70M |
| Property, Plant & Equipment | 773.00M | 793.40M | 233.70M | 248.00M | 245.40M | 301.10M |
| Goodwill | 3.38B | 3.43B | 769.10M | 779.50M | 770.10M | 684.80M |
| Other Intangible Assets | 1.97B | 2.23B | 402.50M | 458.00M | 515.90M | 383.20M |
| Long-Term Deferred Charges | 17.50M | 19.00M | 22.20M | 7.00M | 5.90M | |
| Other Long-Term Assets | 262.00M | 143.00M | 126.20M | 102.50M | 176.10M | 47.70M |
| Total Assets | 8.01B | 8.19B | 3.41B | 2.71B | 2.64B | 2.14B |
| Accounts Payable | 300.00M | 261.90M | 131.00M | 134.60M | 170.60M | 186.00M |
| Accrued Expenses | 157.00M | 174.50M | 59.60M | 61.30M | 51.00M | 56.60M |
| Short-Term Debt | 9.00M | 411.90M | 600.00K | |||
| Current Portion of Leases | 26.20M | 12.90M | 13.10M | 11.00M | 10.20M | |
| Current Unearned Revenue | 561.00M | 517.70M | 194.10M | 172.00M | 173.70M | 190.20M |
| Other Current Liabilities | 276.00M | 230.00M | 137.90M | 103.40M | 217.10M | 106.90M |
| Total Current Liabilities | 1.30B | 1.62B | 535.50M | 484.40M | 624.00M | 549.90M |
| Long-Term Debt | 1.67B | 1.47B | 1.25B | 646.40M | 977.30M | 674.40M |
| Long-Term Leases | 62.20M | 23.10M | 28.60M | 30.00M | 25.20M | |
| Pension & Post-Retirement Benefits | 21.40M | 19.30M | 24.60M | 32.00M | 57.60M | |
| Long-Term Deferred Tax Liabilities | 356.00M | 382.60M | 22.10M | |||
| Other Long-Term Liabilities | 205.00M | 168.50M | 17.50M | 37.50M | 72.30M | 83.80M |
| Total Liabilities | 3.53B | 3.73B | 1.87B | 1.22B | 1.74B | 1.39B |
| Common Stock | 1.00M | 500.00K | 300.00K | 300.00K | 300.00K | 300.00K |
| Additional Paid-In Capital | 2.73B | 2.72B | 234.30M | 227.90M | 220.70M | 214.20M |
| Retained Earnings | 1.53B | 1.46B | 1.54B | 1.46B | 894.00M | 733.40M |
| Treasury Stock | -26.00M | -1.80M | -7.10M | -5.30M | ||
| Comprehensive Income & Other | 244.00M | 281.20M | -224.50M | -195.80M | -204.30M | -197.40M |
| Shareholders' Equity | 4.47B | 4.46B | 1.54B | 1.49B | 905.40M | 750.50M |
| Total Liabilities & Equity | 8.01B | 8.19B | 3.41B | 2.71B | 2.64B | 2.14B |
| Total Debt | 1.68B | 1.97B | 1.29B | 688.10M | 1.02B | 709.80M |
| Net Cash (Debt) | -1.58B | -1.80B | -59.70M | -204.80M | -947.20M | -631.00M |
| Net Cash Per Share | -30.36 | -34.66 | -1.85 | -6.38 | -29.51 | -19.66 |
| Filing Date Shares Outstanding | 51.68M | 51.98M | 51.88M | 31.79M | 31.81M | 31.77M |
| Total Common Shares Outstanding | 51.68M | 51.97M | 31.84M | 31.79M | 31.80M | 31.77M |
| Working Capital | 311.00M | -39.10M | 1.33B | 615.80M | 302.50M | 168.80M |
| Book Value Per Share | 86.54 | 85.88 | 48.49 | 46.84 | 28.47 | 23.62 |
| Tangible Book Value | -885.00M | -1.19B | 372.60M | 251.40M | -380.60M | -317.50M |
| Tangible Book Value Per Share | -17.13 | -22.89 | 11.70 | 7.91 | -11.97 | -9.99 |
| Land | 23.30M | 15.10M | 15.20M | 14.90M | 21.60M | |
| Buildings | 489.40M | 120.40M | 119.60M | 113.10M | 138.60M | |
| Machinery | 634.10M | 403.10M | 408.30M | 401.30M | 426.20M | |
| Construction In Progress | 38.70M | 15.50M | 21.60M | 22.10M | 20.40M | |
| Order Backlog | 1.37B | 720.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 192.50M | -50.50M | 85.40M | 582.60M | 137.40M | 119.10M |
| Depreciation & Amortization | 230.30M | 239.30M | 76.20M | 76.90M | 71.70M | 68.40M |
| Other Amortization | 26.90M | 26.90M | 13.20M | 14.40M | 4.50M | 3.70M |
| Stock-Based Compensation | 33.20M | 23.20M | 14.70M | 11.40M | 8.90M | 5.50M |
| Other Operating Activities | -62.90M | 129.10M | 56.60M | -466.50M | -42.50M | -26.20M |
| Change in Accounts Receivable | -46.30M | 13.70M | -59.20M | -21.60M | -28.20M | -29.10M |
| Change in Inventory | -48.90M | -53.90M | 3.70M | 26.90M | -47.30M | -36.90M |
| Change in Accounts Payable | 14.70M | -16.30M | 600.00K | -32.10M | 29.10M | 32.00M |
| Change in Unearned Revenue | 44.80M | 20.80M | 32.10M | -1.60M | -7.60M | 46.10M |
| Change in Income Taxes | -133.20M | |||||
| Change in Other Net Operating Assets | 8.40M | 9.40M | 9.30M | 17.00M | 9.20M | -7.70M |
| Operating Cash Flow | 425.70M | 341.70M | 233.60M | 39.60M | 140.90M | 223.80M |
| Capital Expenditures | -115.60M | -103.60M | -37.90M | -55.10M | -84.60M | -51.70M |
| Sale of Property, Plant & Equipment | 10.60M | 6.60M | 1.40M | 2.10M | 1.10M | 5.70M |
| Cash Acquisitions | -1.75B | -100.00K | -329.70M | -224.50M | ||
| Divestitures | -100.00K | -100.00K | -4.80M | 792.80M | ||
| Investment in Securities | -10.40M | |||||
| Other Investing Activities | -3.40M | -2.90M | -2.40M | |||
| Investing Cash Flow | -105.10M | -1.84B | -41.30M | 725.90M | -416.10M | -272.90M |
| Short-Term Debt Issued | 1.20M | 400.00K | ||||
| Long-Term Debt Issued | 2.98B | 605.20M | 687.10M | 292.30M | 474.50M | |
| Total Debt Issued | 1.69B | 2.99B | 605.20M | 687.10M | 292.70M | 474.50M |
| Short-Term Debt Repaid | -700.00K | -2.50M | ||||
| Long-Term Debt Repaid | -2.39B | -1.03B | -323.40M | |||
| Total Debt Repaid | -1.94B | -2.39B | -1.03B | -325.90M | ||
| Net Debt Issued (Repaid) | -251.40M | 597.60M | 605.20M | -340.30M | 292.70M | 148.60M |
| Repurchase of Common Stock | -36.30M | -8.30M | -3.00M | -6.80M | -9.00M | -2.20M |
| Common Dividends Paid | -20.90M | -20.90M | -13.10M | -12.80M | -13.10M | -12.80M |
| Other Financing Activities | -30.30M | -110.30M | -27.30M | 5.80M | -52.80M | |
| Financing Cash Flow | -338.90M | 458.10M | 561.80M | -354.10M | 270.60M | 80.80M |
| Foreign Exchange Rate Adjustments | -600.00K | 1.40M | -9.00M | -1.20M | -2.50M | -2.30M |
| Net Cash Flow | -18.90M | -1.04B | 745.10M | 410.20M | -7.10M | 29.40M |
| Free Cash Flow | 310.10M | 238.10M | 195.70M | -15.50M | 56.30M | 172.10M |
| Free Cash Flow Margin | 7.90% | 6.27% | 11.40% | -0.93% | 3.54% | 12.29% |
| Free Cash Flow Per Share | 5.94 | 4.58 | 6.08 | -0.48 | 1.75 | 5.36 |
| Levered Free Cash Flow | 341.06M | 111.81M | 198.88M | 242.59M | -57.33M | 129.57M |
| Unlevered Free Cash Flow | 386.94M | 183.31M | 211.00M | 257.77M | -47.14M | 136.57M |
| Cash Interest Paid | 99.50M | 99.50M | 7.50M | 20.70M | 13.00M | 8.80M |
| Cash Income Tax Paid | 68.70M | 68.70M | 33.20M | 180.30M | 27.90M | 36.40M |
| Change in Working Capital | -27.30M | -26.30M | -13.50M | -144.60M | -44.80M | 4.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.93B | 7.83B | 4.05B | 3.17B | 2.91B | 4.88B |
| Enterprise Value | 7.52B | 9.62B | 4.16B | 3.29B | 3.84B | 5.47B |
| Last Close Price | 114.78 | 150.33 | 126.43 | 98.54 | 90.16 | 151.02 |
| PE Ratio | 31.17 | 47.39 | 5.43 | 21.18 | 40.96 | |
| Forward PE | 13.44 | 18.93 | 24.18 | 21.82 | 17.68 | 31.08 |
| PS Ratio | 1.51 | 2.06 | 2.36 | 1.90 | 1.83 | 3.48 |
| PB Ratio | 1.33 | 1.75 | 2.62 | 2.13 | 3.21 | 6.50 |
| P/TBV Ratio | 10.86 | 12.60 | ||||
| P/FCF Ratio | 19.13 | 32.89 | 20.68 | 51.68 | 28.35 | |
| P/OCF Ratio | 13.93 | 22.92 | 17.32 | 79.96 | 20.65 | 21.80 |
| PEG Ratio | 1.56 | 1.92 | 2.44 | 4.37 | 1.02 | 2.21 |
| EV/Sales Ratio | 1.91 | 2.53 | 2.43 | 1.97 | 2.42 | 3.91 |
| EV/EBITDA Ratio | 11.79 | 22.62 | 16.35 | 12.72 | 17.23 | 26.09 |
| EV/EBIT Ratio | 18.46 | 51.72 | 23.34 | 18.11 | 25.39 | 38.72 |
| EV/FCF Ratio | 24.24 | 40.42 | 21.27 | 68.23 | 31.81 | |
| Debt / Equity Ratio | 0.38 | 0.44 | 0.83 | 0.46 | 1.12 | 0.95 |
| Debt / EBITDA Ratio | 2.63 | 4.24 | 4.70 | 2.47 | 4.23 | 3.15 |
| Debt / FCF Ratio | 5.41 | 8.28 | 6.58 | 18.10 | 4.12 | |
| Net Debt / Equity Ratio | 0.35 | 0.40 | 0.04 | 0.14 | 1.05 | 0.84 |
| Net Debt / EBITDA Ratio | 2.49 | 4.24 | 0.23 | 0.79 | 4.25 | 3.01 |
| Net Debt / FCF Ratio | 5.11 | 7.57 | 0.30 | -13.21 | 16.82 | 3.67 |
| Asset Turnover | 0.48 | 0.66 | 0.56 | 0.62 | 0.67 | 0.71 |
| Inventory Turnover | 3.72 | 5.62 | 4.62 | 4.29 | 4.30 | 4.31 |
| Quick Ratio | 0.52 | 0.45 | 2.92 | 1.59 | 0.54 | 0.75 |
| Current Ratio | 1.24 | 0.98 | 3.48 | 2.27 | 1.49 | 1.31 |
| Return on Equity (ROE) | 4.37% | -1.65% | 5.58% | 10.80% | 12.54% | 13.33% |
| Return on Assets (ROA) | 3.13% | 2.00% | 3.64% | 4.24% | 3.96% | 4.48% |
| Return on Invested Capital (ROIC) | 5.38% | 4.73% | 9.61% | 8.66% | 8.09% | 8.67% |
| Return on Capital Employed (ROCE) | 6.10% | 2.80% | 6.20% | 8.10% | 7.50% | 8.90% |
| Earnings Yield | 3.21% | -0.65% | 2.11% | 18.40% | 4.72% | 2.44% |
| FCF Yield | 5.23% | 3.04% | 4.83% | -0.49% | 1.93% | 3.53% |
| Dividend Yield | 0.35% | 0.27% | 0.32% | 0.40% | 0.44% | 0.26% |
| Payout Ratio | 10.86% | 15.34% | 2.20% | 9.53% | 10.75% | |
| Buyback Yield / Dilution | -24.43% | -61.49% | -0.31% | |||
| Total Shareholder Return | -24.09% | -61.23% | 0.00% | 0.40% | 0.44% | 0.26% |