JBTMNYSESpecial Industry Machinery (No Metalworking Machinery)Fiscal year ends December 31
JBT MAREL Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$104.58+0.34 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $5.46B
- P/E (TTM)
- 28.4
- Dividend yield
- 0.38%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
35.1%+22.2 pts over 5 years
Operating margin
5.0%−4.5 pts over 5 years
Net margin
-1.3%−7.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +121.3% | +33.7% | +17.1% | +13.1% | |
| Gross profit | +113.0% | +73.6% | +43.0% | +26.9% | |
| Operating income | +60.0% | +12.6% | +3.0% | +7.8% | |
| Free cash flow | +22.3% | +67.6% | +1.8% | +12.4% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +0.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 43.7% | 17.5% | -1.7% | |
| Return on assets | 6.6% | 5.8% | -0.9% | |
| Current ratio | 1.23 | 1.35 | 0.98 | |
| Debt to equity | 2.77 | 0.78 | 0.51 | |
| Net debt to EBITDA | 3.34× | 2.05× | 4.62× | |
| Interest coverage | 10.7× | 11.7× | 1.7× | |
| Inventory turnover | 9.8× | 6.8× | 5.6× | |
| Capex to revenue | 2.7% | 2.0% | 2.7% | |
| Diluted shares | 30M | 32M | 52M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Jbt Marel generated $958.60M from operations and spent $418.40M on capital expenditure, dividends and share buybacks. 80% of that went back into the business.
Generated
$958.60M
Used
$418.40M
Capital expenditure$332.90M80%Dividends$72.70M17%Share buybacks$12.80M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.3%
×Asset turnover0.65×
×Equity multiplier1.93×
=Return on equity, FY2025-1.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.3% | 0.65× | 1.93× | -1.7% |
| FY2024 | 5.0% | 0.56× | 2.02× | 5.6% |
| FY2023 | 35.0% | 0.62× | 2.24× | 48.7% |
| FY2022 | 8.6% | 0.67× | 2.83× | 16.2% |
| FY2021 | 8.5% | 0.71× | 2.71× | 16.3% |
| FY2020 | 6.3% | 0.93× | 3.00× | 17.5% |
| FY2019 | 6.6% | 1.16× | 3.27× | 25.1% |
| FY2018 | 5.4% | 1.35× | 3.15× | 23.2% |
| FY2017 | 4.9% | 1.27× | 4.15× | 25.9% |
| FY2016 | 5.0% | 1.31× | 6.67× | 43.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$50.50M
- Cash generatingOperating cash flow above zero$341.70M
- Return on assets improvedROA up on the prior year3.2% → -1.5%
- Earnings backed by cashOperating cash flow above net income$341.70M vs -$50.50M
- Less leverageLong-term debt to assets fell36.7% → 17.9%
- Better liquidityCurrent ratio rose3.48 → 0.98
- No dilutionShare count did not rise32M → 52M
- Gross margin improvedGross margin up on the prior year36.51% → 35.14%
- More efficientAsset turnover rose0.63 → 1.11