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JBTM

JBT Marel Corporation

JBTM

JBT Marel Corporation • NYSE
$140.53 ▼ -0.45% (-0.63)
Market Cap $7.30 B
52w High $148.76
52w Low $90.08
Dividend Yield 0.40%
P/E -64.17
Volume 210.69K
Outstanding Shares 51.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.001B ▲ $257.7M ▼ $66M ▲ 6.591% ▲ $1.28 ▲ $160.6M ▲
Q2-2025 $934.8M ▲ $285.8M ▼ $3.4M ▲ 0.364% ▲ $0.07 ▲ $125.9M ▲
Q1-2025 $854.1M ▲ $325.9M ▲ $-173M ▼ -20.255% ▼ $-3.35 ▼ $-116.2M ▼
Q4-2024 $467.6M ▲ $163.7M ▲ $-7M ▼ -1.497% ▼ $-0.22 ▼ $20.7M ▼
Q3-2024 $453.8M $116.8M $38.9M 8.572% $1.22 $73.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $114.9M ▲ $8.199B ▼ $3.779B ▼ $4.421B ▲
Q2-2025 $111.8M ▲ $8.253B ▲ $3.878B ▼ $4.375B ▲
Q1-2025 $101M ▼ $7.999B ▲ $3.892B ▲ $4.107B ▲
Q4-2024 $1.228B ▲ $3.414B ▲ $1.87B ▲ $1.544B ▼
Q3-2024 $534.5M $2.789B $1.204B $1.585B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $21.3M ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▼ $0 ▼
Q2-2025 $3.4M ▲ $102.2M ▲ $-14.5M ▲ $-78M ▼ $11M ▲ $83.7M ▲
Q1-2025 $-173M ▼ $34.4M ▼ $-1.766B ▼ $621.4M ▲ $-1.109B ▼ $14.4M ▼
Q4-2024 $-7M ▼ $128.9M ▲ $-9.5M ▼ $584.9M ▲ $693.9M ▲ $118.9M ▲
Q3-2024 $38.1M $70M $-9.1M $-3.9M $60.2M $63.1M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown modestly over the last few years, with a dip earlier in the period and a recovery more recently. Profitability at the operating level has been fairly steady, suggesting a business that can consistently generate earnings from its core activities, even as costs and integration efforts move around in the background. The standout feature is the extremely strong net income and earnings per share in the prior year, which almost certainly reflect one‑time items or accounting effects rather than a permanent step‑change in underlying performance. In the most recent year, profit levels look more “normal” again, and margins are solid but not exceptional, pointing to a healthy, but competitive, industrial business undergoing a major merger.

Balance Sheet

Balance Sheet The balance sheet has expanded meaningfully, with total assets rising over time and jumping in the latest year, consistent with the Marel combination. Cash has increased sharply and now sits at a comfortable level, giving the company flexibility to manage integration, invest, and weather any short‑term bumps. Debt has also increased, but equity has grown as well, so the capital structure does not look stretched on the surface. Overall, the company appears better capitalized than a few years ago, but it is now more complex and more leveraged than before, so future results will depend on disciplined integration and good use of that larger asset base.

Cash Flow

Cash Flow Cash generation from operations has been positive throughout the period but somewhat uneven, which is typical for an industrial company dealing with large projects, working capital swings, and, recently, merger activity. Free cash flow has generally been positive but relatively thin in some years, indicating that while the business does fund its own investments, it does not consistently throw off large excess cash. Capital spending has been moderate and stable, suggesting ongoing, but not aggressive, reinvestment. The recent jump in cash on the balance sheet owes more to financing and deal activity than to organic cash build, so a key watch‑point is whether the merged business can turn its larger scale into more stable, stronger free cash flow over time.

Competitive Edge

Competitive Edge Post‑merger, JBT Marel sits as one of the major global players in food and beverage processing equipment. The combined portfolio covers a wide stretch of the value chain, from primary processing of poultry, meat, and fish to advanced thermal treatment, filling, freezing, and secondary processing. This breadth allows the company to sell full production lines and long‑term service, which tends to deepen customer relationships and increase recurring revenue from parts and maintenance. Its global service network and deep application know‑how in protein, beverages, and other food categories provide a meaningful competitive edge. At the same time, it competes with other large, capable players, so maintaining differentiation will depend on execution in automation, software, and customer support, not just size.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. JBT contributes strengths in high‑pressure processing, aseptic and in‑container sterilization, and specialized citrus and tomato systems, while Marel brings advanced automation, robotics, and data‑driven software like its Innova platform. Together, they can design highly automated, “smart” production lines that reduce labor needs, improve yields, and enable better traceability. The company emphasizes sustainability, with technologies aimed at reducing waste, energy use, and water consumption, which aligns well with regulatory and customer trends. The main opportunity is to fully integrate hardware and software into seamless, data‑rich solutions; the main risk is that integration of R&D teams and digital platforms proves slower or more difficult than planned, delaying the realization of promised synergies.

Summary

JBT Marel is transitioning from a solid, mid‑sized industrial equipment maker into a much larger, more integrated food technology platform. The core business has shown steady, if unspectacular, growth and profitability, with a recent one‑time boost to earnings that should not be viewed as the new normal. The balance sheet is now bigger and more liquid, but also carries more debt, reflecting the scale of the merger. Cash flows have been positive but somewhat variable, and the key question is whether the combined company can translate its broader footprint into stronger and more reliable free cash generation. Strategically, the company has a strong position in end‑to‑end food processing solutions, backed by meaningful capabilities in automation, robotics, and software, and a clear focus on sustainability. Execution on integration, synergy capture, and continued innovation will largely determine how much of this strategic potential shows up in future financial results.

NEWS

November 3, 2025 · 4:15 PM UTC

JBT Marel Corporation Reports Third Quarter 2025 Results and Raises Full Year 2025 Guidance

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October 21, 2025 · 4:15 PM UTC

JBT Marel Corporation Announces Third Quarter 2025 Earnings Release and Conference Call Schedule

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October 16, 2025 · 3:00 AM UTC

JBT Marel Launches New Fresh'n Squeeze® 1800 Citrus Juicer

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September 18, 2025 · 6:45 AM UTC

JBT Marel Unveils 2024 Sustainability Report, Showcasing Dedication to Positive Environmental and Social Impact

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September 17, 2025 · 11:04 AM UTC

JBT and Marel Marks First Joint Pack Expo Debut, Introduces New Cleaning System

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