JBT Marel Corp income statement
In fiscal 2025, JBT Marel Corp reported revenue of $3.80bn, up 121.3% on the year before, operating income of $189m (a 5.0% margin) and net income of −$50.5m, or −$0.98 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Mar 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | 1,382 | — | — | — | 1,061 | 1,079 | 1,090 | 2,464 | 2,530 |
| Gross profit | — | 84 | 78 | 90 | 91 | 103 | 124 | 158 | 190 | 234 | 264 | 224 | 220 | 255 | 586 | 627 | 1,335 | 1,396 |
| Research and development | 17 | 18 | — | 14 | 14 | 15 | 18 | 24 | 29 | 27 | 29 | 29 | 22 | 23 | 21 | 21 | 116 | — |
| Selling, general and administrative | 148 | 148 | — | 157 | 167 | 183 | 207 | 267 | 325 | 347 | 396 | 359 | 351 | 390 | 410 | — | — | — |
| Operating income | 58 | 67 | — | 61 | 53 | 51 | 89 | 101 | 144 | 144 | 188 | 163 | 126 | 133 | 165 | 118 | 189 | 288 |
| Interest expense | 9 | 8 | — | 7 | 8 | 8 | 7 | 9 | 14 | 14 | 19 | 14 | 11 | 16 | 24 | 19 | 114 | — |
| Income before tax | 49 | 59 | 47 | 54 | 48 | 45 | 82 | 94 | 132 | 129 | 167 | 146 | 120 | 120 | 153 | 95 | −62 | 240 |
| Income tax | 16 | 21 | 16 | 17 | 14 | 14 | 26 | 26 | 50 | 25 | 38 | 37 | 27 | 16 | 24 | 11 | −13 | 47 |
| 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 |
| Diluted shares (average) | 29m | 29m | — | 30m | 30m | 30m | 30m | 30m | 32m | 32m | 32m | 32m | 32m | 32m | 32m | 32m | 52m | 52m |
| EBITDA | 77 | 90 | — | 85 | 78 | 76 | 119 | 140 | 196 | 202 | 254 | 235 | 202 | 214 | 256 | 208 | 456 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 454 | 468 | 854 | 935 | 1,001 | 1,008 | 936 | 981 |
| Cost of revenue | 290 | 288 | 562 | 600 | 642 | 660 | 607 | 622 |
| Gross profit | 164 | 179 | 292 | 335 | 360 | 348 | 329 | 359 |
| Research and development | 5 | 3 | 34 | 31 | 29 | 23 | — | — |
| Selling, general and administrative | 112 | — | 325 | 287 | 222 | — | 261 | 313 |
| Operating income | 47 | 16 | −33 | 48 | 102 | 72 | 68 | 46 |
| Interest expense | 4 | 8 | 42 | 32 | 25 | 16 | — | 13 |
| Income before tax | 48 | −11 | −219 | 11 | 84 | 62 | 60 | 35 |
| Income tax | 10 | −4 | −46 | 8 | 17 | 8 | 15 | 7 |
| Net income | 39 | −7 | −173 | 3 | 66 | 53 | 45 | 28 |
| Diluted EPS | $1.21 | −$0.22 | −$3.35 | $0.07 | $1.26 | $1.02 | $0.86 | $0.54 |
| EBITDA | 69 | 39 | — | — | — | — | — | — |
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