JBT MAREL Corp JBTM

Industrials SIC 3550 - Special Industry Machinery (No Metalworking Machinery) NAICS Manufacturing › Machinery Manufacturing › Industrial Machinery Manufacturing derived NYSE

We are a leading and diversified global technology solutions and service provider to high-value segments of the food and beverage industry. We design, produce, and service sophisticated products and systems for multi-national and regional customers. Our purpose is to transform the future of food by providing solutions that substantially enhance our customers' success, and in doing so design, produce and service sophisticated and critical products and systems for food and beverage companies that increase yields, boost efficiency, and improve food safety.

We were originally incorporated in Delaware in May 1994. Our principal executive offices are located at 333 West Wacker Drive, Suite 3400, Chicago, Illinois 60606 and our European headquarters is located at Austurhraun 9, 210 Gardabaer, Iceland.

Last close 108.59 2026-10-23
Market cap $5.63B 2026-06-30 share count
52-week range 102.97 - 170.19

Valuation FY2025 figures against the last close

P/S1.5x
P/E—
P/FCF23.7x
EV/EBITDA16.1x
Dividend yield0.4%
Diluted EPS-0.98

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Non-US
  • United States
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 Non-US, FY2025: 2.4B (62.1%) 62% Non-US United States, FY2025: 1.4B (37.9%) 38% United States FY2024 Non-US, FY2024: 783.7M (45.7%) 46% United States, FY2024: 932.3M (54.3%) 54% FY2023 Non-US, FY2023: 715.1M (43.0%) 43% United States, FY2023: 949.3M (57.0%) 57%
Region FY2025FY2024FY2023
Non-US $2.36B $783.7M $715.1M
United States $1.44B $932.3M $949.3M

As the company reported it, from the “Business Segments - Revenue by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Prepared Food and Beverage Solutions
  • Protein Solutions
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Prepared Food and Beverage Solutions, FY2025: 2.1B (54.8%) 55% Prepared Food and Beverage Solutions Protein Solutions, FY2025: 1.7B (45.2%) 45% Protein Solutions FY2024 Prepared Food and Beverage Solutions, FY2024: 1.5B (90.2%) 90% Protein Solutions, FY2024: 168.7M (9.8%) 10% FY2023 Prepared Food and Beverage Solutions, FY2023: 1.5B (88.7%) 89% Protein Solutions, FY2023: 187.8M (11.3%) 11%
Segment FY2025FY2024FY2023
Prepared Food and Beverage Solutions $2.08B $1.55B $1.48B
Protein Solutions $1.72B $168.7M $187.8M

As the company reported it, from the “Revenue Recognition - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.80B$1.72B$1.66B$1.59B$1.40B$1.73B$1.95B$1.92B$1.64B$1.35B
Cost of revenue $2.46B$1.09B$1.08B$1.06B———$1.38B$203.3M$166.0M
Gross profit $1.33B$626.5M$585.7M$255.0M$219.6M$223.5M$263.6M$233.6M$189.8M$158.3M
R&D $116.3M$20.9M$20.5M$23.0M$22.0M$29.3M$28.5M$26.9M$28.7M$23.6M
SG&A ——$409.6M$389.7M$351.4M$358.5M$396.4M$346.8M$325.2M$267.4M
Total operating expenses ————————$57.6M$64.3M
Operating income $189.4M$118.4M$164.7M$132.6M$125.6M$163.1M$188.2M$143.8M$143.8M$101.0M
Interest expense $114.4M$19.4M$24.3M$16.3M$11.2M$13.9M$18.8M$13.9M$13.6M$9.4M
Pre-tax income -$62.4M$95.3M$153.1M$120.0M$119.5M$145.5M$166.9M$129.0M$132.2M$94.0M
Income tax $13.1M$10.7M$23.5M$16.2M$27.0M$36.7M$37.6M$24.6M$50.1M$26.0M
Net income -$50.5M$85.4M$582.6M$137.4M$119.1M$108.8M$129.0M$104.1M$80.5M$67.6M
EPS, basic -0.982.6718.214.293.723.404.043.262.562.30
EPS, diluted -0.982.6518.134.283.713.394.023.232.532.27
Shares, diluted (wtd. avg.) 52.0M32.2M32.1M32.1M32.1M32.1M32.0M32.2M31.9M29.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $167.9M$1.23B$483.3M$71.7M$76.9M$44.3M$39.5M$43.0M$34.0M$33.2M
Receivables $442.9M$239.7M$214.4M$200.5M$239.1M$236.1M$288.9M$253.4M$225.8M$260.5M
Inventory $643.7M$233.1M$238.9M$264.0M$229.1M$197.3M$245.0M$206.1M$190.2M$139.6M
Total current assets $1.58B$1.86B$1.10B$926.5M$718.7M$616.1M$708.2M$618.5M$588.6M$485.0M
Property, plant and equipment —————$268.0M$265.6M$239.7M$233.0M$210.2M
Goodwill $3.43B$769.1M$779.5M$770.1M$646.7M$543.9M$528.9M$321.4M$301.8M$239.5M
Other intangibles $2.12B$340.9M$388.9M$430.1M$342.6M$299.1M$325.9M$213.9M$216.8M$186.0M
Total assets $8.19B$3.41B$2.71B$2.64B$2.14B$1.81B$1.91B$1.44B$1.39B$1.19B
Accounts payable $261.9M$131.0M$134.6M$170.6M$186.0M$140.7M$198.6M$191.2M$157.1M$135.7M
Short-term debt $411.9M$0$0$600.0K$0$2.4M$900.0K$500.0K$10.5M$7.1M
Total current liabilities $1.62B$535.5M$484.4M$624.0M$549.9M$457.5M$474.5M$485.3M$441.4M$393.0M
Long-term debt $1.47B$1.25B$646.4M$977.3M$674.4M$522.5M$698.3M$387.1M$372.7M$491.6M
Retained earnings $1.46B$1.54B$1.46B$894.0M$733.4M$627.8M$532.8M$416.5M$333.7M$266.6M
Total equity $4.46B$1.54B$1.49B$905.4M$786.5M$672.4M$569.5M$456.9M$441.9M$179.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $341.7M$232.6M$74.2M$135.2M$174.9M$252.0M$110.2M$153.9M$104.6M$67.4M
Depreciation and amortisation $266.2M$89.4M$91.3M$30.6M$31.7M$71.8M$65.6M$57.7M$51.7M$38.5M
Stock-based compensation $23.2M$14.7M$11.4M$8.9M$5.5M$1.9M$9.4M$9.7M$9.0M$9.9M
Capital expenditure $103.6M$37.9M$55.1M$84.6M$51.7M$34.3M$37.9M$39.8M$37.9M$37.1M
Investing cash flow -$1.84B-$41.3M$729.3M-$413.2M-$270.5M-$37.3M-$401.7M-$94.4M-$139.9M-$266.8M
Financing cash flow $458.1M$561.8M-$354.1M$270.6M$80.8M-$207.4M$287.5M-$48.3M$34.7M$194.9M
Dividends paid $20.9M$13.1M$12.8M$13.1M$12.8M$12.8M$12.7M$13.1M$12.7M$11.8M
Buybacks $0$0$5.1M$7.7M$0$0$0$20.0M$5.0M$4.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001433660-26-000053.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 1.4B Gross profit, FY2016: 158.3M Net income, FY2016: 67.6M Revenue, FY2017: 1.6B Gross profit, FY2017: 189.8M Net income, FY2017: 80.5M Revenue, FY2018: 1.9B Gross profit, FY2018: 233.6M Net income, FY2018: 104.1M Revenue, FY2019: 1.9B Gross profit, FY2019: 263.6M Net income, FY2019: 129M Revenue, FY2020: 1.7B Gross profit, FY2020: 223.5M Net income, FY2020: 108.8M Revenue, FY2021: 1.4B Gross profit, FY2021: 219.6M Net income, FY2021: 119.1M Revenue, FY2022: 1.6B Gross profit, FY2022: 255M Net income, FY2022: 137.4M Revenue, FY2023: 1.7B Gross profit, FY2023: 585.7M Net income, FY2023: 582.6M Revenue, FY2024: 1.7B Gross profit, FY2024: 626.5M Net income, FY2024: 85.4M Revenue, FY2025: 3.8B Gross profit, FY2025: 1.3B Net income, FY2025: -50.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.35B $1.64B $1.92B $1.95B $1.73B $1.40B $1.59B $1.66B $1.72B $3.80B
Gross profit $158.3M $189.8M $233.6M $263.6M $223.5M $219.6M $255.0M $585.7M $626.5M $1.33B
Net income $67.6M $80.5M $104.1M $129.0M $108.8M $119.1M $137.4M $582.6M $85.4M -$50.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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