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JBT Marel Corp (JBTM) stock

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NYSE: JBTM NYSE Industrial Machinery & Supplies & Components Next results ~November 3, 2026

C Fundamentals grade

JBT Marel Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$150

Cash-flow model

Base case. Range ~$100–$210 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 19% below our base value.

Price used: $119.14, November 3, 2026

JBT Marel Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds207 adding, 180 cuttingOf 62 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter JBT Marel files

Where JBT Marel stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.93bn, up 44.9% on a year earlier, slower than the 76.7% growth a quarter earlier. That growth ranks 2 of 40 among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin fell to 7.9% from 10.4% a year earlier. Operating margin widened to 7.3% from 2.9%. The diluted share count is up 24.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 4 of our 6 financial-health checks. Our cash-flow model value is $165 a share, against a share price of $109. At that price, our model says the market is pricing in about 7.0% a year of cash-flow growth for five years, slower than the 16.0% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

JBT Marel Corp's trailing-twelve-month revenue grew 44.9% year on year, with a free-cash-flow margin of 7.9%. Where it stands out: revenue growth of 44.9% ranks 5 of 75 industrial machinery & supplies & components companies we cover. Where it lags: change in growth rate of -31.8pp ranks 73 of 75 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$100–$210 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 44.9% (-31.8pp vs the prior quarter), the 2nd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $114.78 is 29% below our value per share of $150.
  • Fast growth. Revenue grew 44.9% over the last 12 months, against a median of 8.3% for industrial machinery & supplies & components companies we cover.
  • Margins widening. Operating margin is up 4.5 points on a year ago.

Things to watch

  • Growth slowing. The growth rate is 31.8 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 24.0% in a year.
  • Short interest rising. Shares sold short rose 22% in a month to 9.4% of tradable shares.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$1.95 against an average estimate of $2.02: missed by 3.4%
Revenue
$981m, up 4.9% on a year earlier
Share reaction
-4.3% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
revenue $3,990m to $4,065m (FY 2026); net income margin 5.5% to 6% (FY 2026)
Next report
November 3, 2026; average EPS estimate $2.10

JBT Marel's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.8%
  • 1 week+10.0%
  • 1 month+9.7%
  • This year-23.6%
  • 1 year-4.1%
  • 5 years-25.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.9B
Operating margin
7.3%
Net margin
4.9%
EPS (TTM, diluted)
$3.68

Growth

Revenue growth
+44.9%
Change in growth rate
−31.8 pts
Share count change
+24.0%

Cash

Free cash flow (TTM)
$310M
FCF margin
7.9%
Stock pay % of revenue
0.8%

Earnings

Last results
August 3, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Dividend
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

JBT Marel Corp valuation models and calculator

What the price is pricing in

The share price implies about 8.1% a year of cash-flow growth for five years.That is slower than the 16.0% a year revenue growth JBT Marel has delivered.

  • Priced in8.1%
  • Last 12 months44.9%
  • 3 years a year34.0%
  • 5 years a year16.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($119.14, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$150
Price used
$119.14close November 3, 2026
Implied change
▲ +24%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of JBT Marel Corp's free cash flow after stock-based pay with after-tax interest added back ($330M, FY2026 Q2 TTM), growing 7.2% and 10.5% in the next two years (forecasts, guidance and its record), then back to 13% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$100–~$210 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of JBT Marel Corp's free cash flow after stock-based pay ( $330M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value JBT Marel Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.98 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$100–$210 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$67 ~$40–$87 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$160 ~$140–$210 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$180 ~$130–$260 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$170 ~$150–$200 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$150 ~$67–$180 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare JBT Marel Corp with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −11%
  • Last year's free-cash-flow margin change, if it persists ▼ −21%
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $61$94$137$195$269$366
8.5% $40$63$95$136$189$257
10% $27$45$69$100$141$193

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$47.76$82.89$107.33$69.86$110.02$111.67$151.02$90.16$98.54$126.43$150.33$114.78
Market value$1.4bn$2.5bn$3.4bn$2.2bn$3.5bn$3.6bn$4.8bn$2.9bn$3.2bn$4.1bn$7.8bn$6.0bn
+ Net debt (− = net cash)$246m$466m−$34m$348m$660m$477m$596m$906m$163m$24m$2.1bn$1.6bn
Enterprise value$1.7bn$2.9bn$3.4bn$2.6bn$4.2bn$4.1bn$5.4bn$3.8bn$3.3bn$4.1bn$9.9bn$7.6bn
Multiples
Price / sales 1.3x1.8x2.1x1.2x1.8x2.1x2.6x1.8x1.9x2.4x2.1x1.5x
Price / earnings 25.5x36.5x42.5x21.6x27.3x32.9x40.7x21.1x5.4x47.7x—31.2x
Price / free cash flow 19.2x81.5x51.3x19.7x48.7x16.5x27.9x50.2x165.6x20.9x32.8x19.3x
EV / EBITDA 14.1x21.0x17.3x12.9x16.5x17.3x26.9x17.8x13.0x19.7x21.8x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard JBT Marel's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -8.1% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 27.1%, moving by 11.2 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Operating margin has been a median 8.3%; its worst year was 2.9%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.5% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 62.4% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $1.0bn and EPS of $2.10 (range $2.04 to $2.15) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.03 +25% $4.0bn +6%
Next $9.23 +15% $4.2bn +5%

Next year's EPS estimate has moved −1.4% in 90 days, across 8 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.02 $1.95 −3.4%
Mar 2026 $1.48 $1.58 +6.8%
Dec 2025 $1.93 $1.98 +2.7%
Sept 2025 $1.50 $1.94 +28.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Revenue FY 2026 $3,990m to $4,065m Maintained
    “Revenue $3,990 - $4,065” source
  • Consolidated revenue growth full year 2026 5% growth to 7% growth
    “For the full year 2026, JBT Marel still expects year-over-year consolidated revenue growth of 5 - 7 percent, which is inclusive of approximately 1.5 percent foreign exchange translation benefit.” source
  • GAAP diluted EPS FY 2026 $4.20 to $4.70 GAAP
    “GAAP diluted EPS $4.20 - $4.70” source
  • Adjusted EPS FY 2026 $7.85 to $8.35 Non-GAAP
    “Adjusted EPS (1) $7.85 - $8.35” source
  • Net income margin FY 2026 5.5% to 6% GAAP
    “Net income margin 5.5% - 6.0%” source
  • Adjusted EBITDA margin FY 2026 17% to 17.5% Non-GAAP Maintained
    “Adjusted EBITDA margin (1) 17.0% - 17.5%” source
Show 10 more items
  • Total depreciation and amortization Full year 2026 about $263m
    “Full year 2026 total depreciation and amortization is expected to be approximately $263 million.” source
  • Interest expense, net full year 2026 about $47m
    “Interest expense is estimated to be approximately $47 million, and other financing income is expected to be approximately $7 million.” source
  • Other financing income full year 2026 about $7m
    “Interest expense is estimated to be approximately $47 million, and other financing income is expected to be approximately $7 million.” source
  • Full year tax rate full year 2026 about 24%
    “The full year tax rate is estimated to be approximately 24 percent.” source
  • Net Income Full Year 2026 $220m to $245m
    “Net Income $220 - $245” source
  • Income tax provision Full Year 2026 $68m to $77m
    “Income tax provision 68 - 77” source
  • Adjusted EBITDA Full Year 2026 $675m to $710m Non-GAAP
    “Adjusted EBITDA $675 - $710” source
  • Acquisition related amortization and depreciation full year 2026 about $167m
    “These include approximately $167 million in acquisition related amortization and depreciation, $32 million in M&A related costs, $20 million in restructuring costs, and $33 million in non-cash impairment expense incurred in the second quarter.” source
  • M&A related costs full year 2026 about $32m
    “These include approximately $167 million in acquisition related amortization and depreciation, $32 million in M&A related costs, $20 million in restructuring costs, and $33 million in non-cash impairment expense incurred in the second quarter.” source
  • Restructuring costs full year 2026 about $20m
    “These include approximately $167 million in acquisition related amortization and depreciation, $32 million in M&A related costs, $20 million in restructuring costs, and $33 million in non-cash impairment expense incurred in the second quarter.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows JBT Marel Corp's revenue by +7.2% next year and +10.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.0%, weight 53%) , management guidance (+5.2%, weight 20%) and the company's own record (+13.0%, weight 27%) . How the weights are set.

Analyst recommendations

8 analysts, Oct 2026
Buy788%
Hold00%
Sell113%

Monthly trend

  1. Oct 20262518
  2. Sep 20261517
  3. Aug 20261416

Counts of recommendations published by analysts covering JBT Marel Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.4%
of tradable shares
Days to cover
7.31
at average volume
Short interest, 1 month
+22%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
11,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −8.7%

$125.73 on October 31, 2025 to $114.78

ThenNowEffect
Revenue (last 12 months) $2.7bn $3.9bn +44.9%
P/S multiple 2.0x 1.5x −21.9%
Share count 42m 52m −19.4%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JBTM+35%−40%+9%+28%+19%−24%
Industry peers (median)+19%−13%+21%+2%+9%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JBTM50%42%25%67%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JBTM−15%−49%−23%−19%−32%−38%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 52% from November 19, 2021 to September 26, 2022. Getting back needed a 110% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$104.24 – $168.17
From 52-week high
−31.7%
vs 50-day average
+3.5%
vs 200-day average
−12.0%
Volatility (1 year)
39%
Beta vs S&P 500
0.96

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±6.6%
After a week
8 up, 4 down
typical move ±9.3%
After a month
8 up, 4 down
typical move ±11.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 −4.3% +3.3% −11.6% −15.9%
May 4, 2026 +13.7% +0.4% +14.2% +9.8%
February 23, 2026 −0.6% −0.3% −6.4% −23.1%
November 3, 2025 +9.8% −1.0% +12.8% +13.3%
August 5, 2025 +1.9% +0.3% +5.4% +6.1%
May 5, 2025 −2.1% −1.4% +9.8% +10.7%
February 24, 2025 +13.7% −1.0% +8.7% +7.4%
October 22, 2024 +14.8% −1.0% +17.5% +21.3%
July 30, 2024 +1.0% +1.1% −8.1% −9.1%
May 1, 2024 +1.4% +0.6% +3.0% +7.3%
February 20, 2024 −6.0% −0.5% −1.5% −3.5%
January 19, 2024 +9.4% +1.5% +12.1% +12.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How JBT Marel Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

JBT Marel Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) JBT Marel Corp
$1B $2B $3B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.7B Revenue (TTM), FY23 Q4: $1.7B Revenue (TTM), FY24 Q1: $1.7B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.7B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2.7B Revenue (TTM), FY25 Q3: $3.3B Revenue (TTM), FY25 Q4: $3.8B Revenue (TTM), FY26 Q1: $3.9B Revenue (TTM), FY26 Q2: $3.9B $3.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.7B
FY23 Q4 $1.7B
FY24 Q1 $1.7B
FY24 Q2 $1.7B
FY24 Q3 $1.7B
FY24 Q4 $1.7B
FY25 Q1 $2.2B
FY25 Q2 $2.7B
FY25 Q3 $3.3B
FY25 Q4 $3.8B
FY26 Q1 $3.9B
FY26 Q2 $3.9B
Revenue growth, TTM YoY JBT Marel Corp
0% 50% 100% 150% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 2.4% Revenue growth, TTM YoY, FY23 Q4: 6.2% Revenue growth, TTM YoY, FY24 Q1: 4.3% Revenue growth, TTM YoY, FY24 Q2: 5.0% Revenue growth, TTM YoY, FY24 Q3: 1.5% Revenue growth, TTM YoY, FY24 Q4: 2.7% Revenue growth, TTM YoY, FY25 Q1: 29.7% Revenue growth, TTM YoY, FY25 Q2: 58.3% Revenue growth, TTM YoY, FY25 Q3: 90.3% Revenue growth, TTM YoY, FY25 Q4: 119.0% Revenue growth, TTM YoY, FY26 Q1: 76.7% Revenue growth, TTM YoY, FY26 Q2: 44.9% 44.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 2.4%
FY23 Q4 6.2%
FY24 Q1 4.3%
FY24 Q2 5.0%
FY24 Q3 1.5%
FY24 Q4 2.7%
FY25 Q1 29.7%
FY25 Q2 58.3%
FY25 Q3 90.3%
FY25 Q4 119.0%
FY26 Q1 76.7%
FY26 Q2 44.9%
Operating margin (TTM) JBT Marel Corp
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 9.0% Operating margin (TTM), FY23 Q4: 9.8% Operating margin (TTM), FY24 Q1: 9.8% Operating margin (TTM), FY24 Q2: 8.6% Operating margin (TTM), FY24 Q3: 9.2% Operating margin (TTM), FY24 Q4: 6.8% Operating margin (TTM), FY25 Q1: 2.6% Operating margin (TTM), FY25 Q2: 2.9% Operating margin (TTM), FY25 Q3: 4.1% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 7.5% Operating margin (TTM), FY26 Q2: 7.3% 7.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 9.0%
FY23 Q4 9.8%
FY24 Q1 9.8%
FY24 Q2 8.6%
FY24 Q3 9.2%
FY24 Q4 6.8%
FY25 Q1 2.6%
FY25 Q2 2.9%
FY25 Q3 4.1%
FY25 Q4 5.0%
FY26 Q1 7.5%
FY26 Q2 7.3%
FCF margin (TTM) JBT Marel Corp
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.7% FCF margin (TTM), FY23 Q4: 1.1% FCF margin (TTM), FY24 Q1: 0.8% FCF margin (TTM), FY24 Q2: 0.2% FCF margin (TTM), FY24 Q3: 2.7% FCF margin (TTM), FY24 Q4: 11.2% FCF margin (TTM), FY25 Q1: 9.5% FCF margin (TTM), FY25 Q2: 10.4% FCF margin (TTM), FY25 Q3: 8.4% FCF margin (TTM), FY25 Q4: 6.3% FCF margin (TTM), FY26 Q1: 8.2% FCF margin (TTM), FY26 Q2: 7.9% 7.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.7%
FY23 Q4 1.1%
FY24 Q1 0.8%
FY24 Q2 0.2%
FY24 Q3 2.7%
FY24 Q4 11.2%
FY25 Q1 9.5%
FY25 Q2 10.4%
FY25 Q3 8.4%
FY25 Q4 6.3%
FY26 Q1 8.2%
FY26 Q2 7.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Mar 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 842 880 956 917 934 984 1,107 1,351 1,635 1,920 1,946 1,728 1,868 1,590 1,664 1,716 3,798 3,926
Gross profit — 84 78 90 91 103 124 158 190 234 264 224 220 255 586 627 1,335 1,396
EBITDA 77 90 — 85 78 76 119 140 196 202 254 235 202 214 256 208 456 —
Operating income 58 67 — 61 53 51 89 101 144 144 188 163 126 133 165 118 189 288
Net income 33 37 31 36 33 31 56 68 81 104 129 109 119 137 583 85 −51 192
Diluted EPS $1.15 $1.28 — $1.23 $1.11 $1.03 $1.88 $2.27 $2.53 $3.23 $4.02 $3.39 $3.71 $4.28 $18.13 $2.65 −$0.98 $3.68
Growth (year on year)
Revenue — +4.6% +8.6% −4.0% +1.8% +5.4% +12.5% +22.0% +21.1% +17.4% +1.4% −11.2% +8.1% −14.9% +4.7% +3.1% +121.3% +44.9%
EBITDA — +17.2% — — −7.5% −2.8% +56.1% +17.6% +40.1% +3.1% +26.0% −7.4% −13.8% +5.6% +19.8% −18.8% +119.2% —
Operating income — +16.3% — — −12.6% −4.7% +75.5% +13.5% +42.4% 0.0% +30.9% −13.3% −23.0% +5.6% +24.2% −28.1% +60.0% +272.1%
Net income — +13.7% −18.2% +18.7% −8.6% −6.9% +81.5% +20.9% +19.1% +29.3% +23.9% −15.7% +9.5% +15.4% +324.0% −85.3% −159.1% —
Diluted EPS — +11.3% — — −9.8% −7.2% +82.5% +20.7% +11.5% +27.7% +24.5% −15.7% +9.4% +15.4% +323.6% −85.4% −137.0% —
Margins
Gross margin — 9.6% 8.2% 9.8% 9.8% 10.4% 11.2% 11.7% 11.6% 12.2% 13.5% 12.9% 11.8% 16.0% 35.2% 36.5% 35.1% 35.6%
EBITDA margin 9.1% 10.2% — 9.2% 8.4% 7.7% 10.7% 10.3% 12.0% 10.5% 13.0% 13.6% 10.8% 13.4% 15.4% 12.1% 12.0% —
Operating margin 6.9% 7.6% — 6.6% 5.7% 5.2% 8.0% 7.5% 8.8% 7.5% 9.7% 9.4% 6.7% 8.3% 9.9% 6.9% 5.0% 7.3%
Net margin 3.9% 4.2% 3.2% 3.9% 3.5% 3.1% 5.0% 5.0% 4.9% 5.4% 6.6% 6.3% 6.4% 8.6% 35.0% 5.0% −1.3% 4.9%
Free-cash-flow margin 4.1% −0.8% — 6.7% 3.5% 4.2% 6.7% 2.2% 4.1% 5.9% 3.7% 12.6% 9.3% 3.6% 1.1% 11.3% 6.3% 7.9%
Cash flow
Cash from operations 54 18 — 86 62 78 112 67 105 154 110 252 226 142 74 233 342 426
Capital spending 20 24 21 25 29 37 38 37 38 40 38 34 52 85 55 38 104 116
Free cash flow 34 −7 — 61 33 41 74 30 67 114 72 218 174 58 19 195 238 310
Stock-based pay 8 7 — 8 7 7 7 10 9 10 9 2 6 9 11 15 23 33
Free cash flow after stock pay 26 −14 — 54 26 34 67 20 58 104 63 216 169 49 8 180 215 277
Balance sheet
Cash 14 14 — 99 29 33 37 33 34 43 40 48 79 72 483 1,228 168 112
Total debt 0 145 145 191 100 178 283 499 — 391 699 525 674 978 646 1,252 2,294 1,688
Net debt (negative = net cash) −14 132 — 92 71 145 246 466 −34 348 660 477 596 906 163 24 2,126 1,576
Diluted shares 29m 29m — 30m 30m 30m 30m 30m 32m 32m 32m 32m 32m 32m 32m 32m 52m 52m
Returned to shareholders
Dividends 8 8 — 9 10 11 11 12 13 13 13 13 13 13 13 13 21 21
Buybacks — — — 4 0 3 8 4 5 20 0 0 0 8 5 0 0 —
Total returned 8 8 — 12 10 14 19 16 18 33 13 13 13 21 18 13 21 21

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $8.0bn
Short-term assets $1.6bnLonger-term assets $6.4bn
What it owes, and who funded it · $5.8bn
Short-term liabilities $1.3bnShareholders' equity $4.5bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $112m of cash against $1.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 38% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 86% to 38% over five years.
  • A year's operating cash flow covers at least 20% of debt $426m of operating cash flow against $1.7bn of debt.
  • Operating profit covers interest at least five times over Operating income of $288m against $114m of interest.

From JBT Marel Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$20.9M
Buybacks, last 3 fiscal years
$5.1M
Diluted share count
+24.0%
year over year
Total shareholder yield
0.3%
dividends 0.3% + buybacks 0.0% of market value
Dividend payout ratio
11%
of net income paid out
R&D spending
3.1%
of revenue
Days sales outstanding
41 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated JBTM PNR DCI IEX VMI GTES Median
Revenue, last 12 months $3.9bn $4.0bn $3.9bn $3.7bn $4.3bn $3.6bn $1.4bn
Revenue growth, last 12 months 44.9% −3.9% 5.3% 6.9% 4.6% 4.0% 8.3%
Revenue growth, 3-year average 34.0% −1.3% 4.2% 3.5% −0.0% −0.4% 4.0%
Revenue growth, latest quarter 4.9% −4.5% 8.0% 8.3% 5.5% 5.6% 9.1%
Gross margin 35.6% 41.2% 34.6% 44.9% 30.3% 40.3% 35.2%
Operating margin 7.3% 19.6% 15.4% 20.9% 14.2% 13.5% 13.1%
Operating margin, 3-year average 6.3% 19.7% 14.7% 20.6% 12.0% 13.8% 13.7%
Net margin 4.9% 15.4% 11.7% 14.6% 12.1% 10.4% 8.9%
Cash from operations / revenue 10.8% 18.3% 12.7% 20.6% 10.8% 12.4% 11.9%
Free-cash-flow margin 7.9% 16.3% 11.0% 18.2% 7.1% 10.3% 8.8%
Free-cash-flow margin, 3-year average 6.2% 17.7% 10.5% 18.3% 9.1% 9.5% 9.8%
Stock pay / revenue 0.8% 0.8% 0.6% 0.9% 0.5% 0.8% 0.8%
Change in share count 24.0% −2.0% −2.1% −1.7% −2.1% −1.7% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 44.9% 8.3% 5 of 75
Change in growth rate Growth -31.8pp +1.2pp 73 of 75
Gross margin Profitability 35.6% 35.4% 33 of 70
Operating margin Profitability 7.3% 13.0% 47 of 75
Net margin Profitability 4.9% 8.9% 48 of 76
Free-cash-flow margin Cash generation 7.9% 9.1% 44 of 76
Stock pay as % of revenue Cash generation 0.8% 0.8% 38 of 70
Long-term debt as % of assets Balance sheet 20.9% 23.4% 21 of 59
Change in share count Balance sheet 24.0% -0.0% 69 of 73
Days sales outstanding Balance sheet 41 days 63 days 7 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Prepared Food and Beverage Solutions $2.1B 54.8% ▲ 34.6%
Protein Solutions $1.7B 45.2% ▲ 917.3%
Geography
Region Revenue Share YoY
Outside the US $2.4B 62.1% ▲ 201.0%
United States $1.4B 37.9% ▲ 54.3%

From JBT Marel Corp's 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.7B
Institutions reporting
389
Shares held vs prior quarter
▲ 5.7%
Positions opened / closed
52 / 68

Top buyers and sellers, Q2 2026: 207 institutions bought and 180 sold ; the biggest buyer was Invesco Ltd (+1.3M shares) and the biggest seller Samlyn Capital, LLC (−352K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 7.9M 14.9% ▲ 3.4%
Price T Rowe Associates Inc $422M 2.9M 5.5% ▲ 5.9%
Vanguard Portfolio Management LLC $418M 2.9M 5.4% ▲ 2.4%
Vanguard Capital Management LLC $340M 2.3M 4.4% ▲ 0.7%
State Street Corp $307M 2.1M 4.0% ▲ 5.9%
T. Rowe Price Investment Management, Inc. $299M 2.1M 3.9% ▼ 0.8%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $264M 1.8M 3.4% ▲ 8.5%
Lifeyrissjodur Verzlunarmanna (Pension Fund Of Commerce) $231M 1.6M 3.0% 0.0%
Invesco Ltd. $211M 1.5M 2.7% ▲ 851.2%
Geode Capital Management, LLC $200M 1.4M 2.6% ▲ 7.2%
FMR LLC $154M 1.1M 2.0% ▲ 92.3%
Kayne Anderson Rudnick Investment Management LLC $143M 986K 1.9% ▼ 8.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not JBT Marel Corp's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $7.2M 5 trades by 2 insiders · 100% under pre-set plans
Net ▼ $7.2M net selling
Insider Date Trade Shares Price Value
Deck Brian A CEO March 3, 2026 Sell pre-set plan 8,634 $150.51 $1.3M
Deck Brian A CEO March 2, 2026 Sell pre-set plan 10,000 $151.39 $1.5M
Gudmundsson Olafur S Director December 10, 2025 Sell pre-set plan 10,000 $150.09 $1.5M
Gudmundsson Olafur S Director November 26, 2025 Sell pre-set plan 130 $142.51 $18,526
Gudmundsson Olafur S Director November 26, 2025 Sell pre-set plan 19,870 $141.79 $2.8M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in JBT Marel Corp disclosed in the last 12 months; 1 earlier trade on record.

  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 7, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 3, 2026
  • May 4, 2026
  • February 23, 2026
  • November 3, 2025
  • August 5, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on JBT Marel Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

JBT Marel Corp in brief

What does JBT Marel Corp do?
JBT Marel Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is JBT Marel Corp's stock ticker?
JBT Marel Corp trades under the ticker JBTM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is JBT Marel Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, JBT Marel Corp reported revenue of $3.9B, 44.9% higher than a year earlier, according to its SEC filings.
What is JBT Marel Corp's free cash flow?
JBT Marel Corp's free-cash-flow margin is 7.9% of revenue over the trailing twelve months, ranking 44 of the 76 industrial machinery & supplies & components companies we cover.
What is JBT Marel Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of JBT Marel Corp's free cash flow after stock-based pay gives ~$150 per share in the base case, and ~$100–$210 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are JBT Marel Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is JBT Marel Corp's market cap?
On November 2, 2026, JBT Marel Corp's market capitalisation was about $6B, with a price-to-earnings ratio of 31.2 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
Does JBT Marel Corp pay a dividend?
Yes: JBT Marel Corp paid $20.9M in dividends over the trailing twelve months, a dividend yield of 0.35% and a payout ratio of 10.9%.
How much debt does JBT Marel Corp have?
JBT Marel Corp's debt-to-equity ratio is 37.5%, from its latest balance sheet (85.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are JBT Marel Corp's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to JBT Marel Corp are Pentair, Donaldson Co Inc, IDEX Corporation, Valmont Industries Inc and Gates Industrial Corp Ltd. The side-by-side comparison below sets their revenue, margins and growth against JBT Marel Corp's.
Are insiders buying or selling JBT Marel Corp stock?
Over the last 12 months, JBT Marel Corp's directors and officers reported 0 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is JBT Marel Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — JBT Marel Corp announces its own schedule.