JBT Marel Corporation (JBTM) 10-Year Financial Performance & Capital Metrics

JBTM • • Industrial / General

IndustrialsIndustrial MachineryFood Processing & Commercial EquipmentFood Processing Machinery

AboutJBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market. In addition, it offers automated guided vehicle systems for material movement in the manufacturing, warehouse, and medical facilities. It serves baby food, bakery and confectionery, citrus processing, fruits and nuts, juices, non-food, pet food, pharmaceutical, plant- based beverages and protein, poultry, meat, and seafood, ready meals, oils, soups, sauces, seasoning and dressings, automotive, building material, tissue, paper, and packaging, hospitals, pharma and life sciences, fast moving consumer goods, manufacturing, warehousing, and other industries. The company markets and sells its products and solutions through direct sales force, independent distributors, sales representatives, and technical service teams. The company was formerly known as John Bean Technologies Corporation and changed its name to JBT Marel Corporation in January 2025. JBT Marel Corporation was incorporated in 1994 and is headquartered in Chicago, Illinois.Show more

Revenue $1.72B +3.1%
EBITDA $208M -18.8%
Net Income $85M -85.3%
EPS (Diluted) 2.65 -85.4%
Gross Margin 36.51% +3.7%
EBITDA Margin 12.11% -21.3%
Operating Margin 6.9% -30.3%
Net Margin 4.98% -85.8%
ROE 5.63% -88.4%
ROIC 5.52% -22.7%
Debt/Equity 0.81 +86.8%
Interest Coverage 6.10 -10.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 23.6%
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 12.7%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.72%

5Y-2.48%

3Y7%

TTM92.43%

Profit (Net Income) CAGR

10Y10.74%

5Y-7.92%

3Y-10.49%

TTM-163.75%

EPS CAGR

10Y9.91%

5Y-8%

3Y-10.45%

TTM-141.19%

ROCE

10Y Avg12.16%

5Y Avg8%

3Y Avg6.58%

Latest4.64%

Peer Comparison

Food Processing Machinery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
JBTMJBT Marel Corporation	8.27B	159.07	60.03	3.1%	-3.39%	-2.5%	2.37%	0.81

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.11B	1.35B	1.64B	1.92B	1.95B	1.73B	1.4B	1.59B	1.66B	1.72B
Revenue Growth %	0.13%	0.22%	0.21%	0.17%	0.01%	-0.11%	-0.19%	0.14%	0.05%	0.03%
Cost of Goods Sold+	790.4M	969.8M	1.16B	1.38B	1.35B	1.19B	918.7M	1.06B	1.08B	1.09B
COGS % of Revenue	0.71%	0.72%	0.71%	0.72%	0.69%	0.69%	0.66%	0.67%	0.65%	0.63%
Gross Profit+	316.9M	380.7M	470.7M	537.6M	598.1M	533.7M	482.1M	529.4M	585.7M	626.5M
Gross Margin %	0.29%	0.28%	0.29%	0.28%	0.31%	0.31%	0.34%	0.33%	0.35%	0.37%
Gross Profit Growth %	0.2%	0.2%	0.24%	0.14%	0.11%	-0.11%	-0.1%	0.1%	0.11%	0.07%
Operating Expenses+	227.9M	279.7M	326.9M	393.8M	409.9M	370.6M	356.5M	396.8M	421M	508.1M
OpEx % of Revenue	0.21%	0.21%	0.2%	0.21%	0.21%	0.21%	0.25%	0.25%	0.25%	0.3%
Selling, General & Admin	207M	267.4M	325.2M	346.8M	396.4M	358.5M	351.4M	389.7M	409.6M	506.7M
SG&A % of Revenue	0.19%	0.2%	0.2%	0.18%	0.2%	0.21%	0.25%	0.25%	0.25%	0.3%
Research & Development	18.2M	23.6M	28.7M	0	0	0	0	0	0	0
R&D % of Revenue	0.02%	0.02%	0.02%	-	-	-	-	-	-	-
Other Operating Expenses	2.7M	-11.3M	-27M	47M	13.5M	12.1M	5.1M	7.1M	11.4M	1.4M
Operating Income+	89M	101M	143.8M	143.8M	188.2M	163.1M	125.6M	132.6M	164.7M	118.4M
Operating Margin %	0.08%	0.07%	0.09%	0.07%	0.1%	0.09%	0.09%	0.08%	0.1%	0.07%
Operating Income Growth %	0.76%	0.13%	0.42%	0%	0.31%	-0.13%	-0.23%	0.06%	0.24%	-0.28%
EBITDA+	118.6M	139.5M	195.5M	201.5M	253.8M	234.9M	197.7M	208.8M	256M	207.8M
EBITDA Margin %	0.11%	0.1%	0.12%	0.1%	0.13%	0.14%	0.14%	0.13%	0.15%	0.12%
EBITDA Growth %	0.56%	0.18%	0.4%	0.03%	0.26%	-0.07%	-0.16%	0.06%	0.23%	-0.19%
D&A (Non-Cash Add-back)	29.6M	38.5M	51.7M	57.7M	65.6M	71.8M	72.1M	76.2M	91.3M	89.4M
EBIT	89M	103.4M	145.8M	142.9M	185.7M	159.4M	130.7M	136.3M	177.4M	114.8M
Net Interest Income+	-6.8M	-9.4M	-13.6M	-13.9M	-18.8M	-13.9M	-7.4M	-12.6M	-10.9M	4.3M
Interest Income	0	0	0	0	0	0	3.8M	3.7M	13.4M	23.7M
Interest Expense	6.8M	9.4M	13.6M	13.9M	18.8M	13.9M	11.2M	16.3M	24.3M	19.4M
Other Income/Expense	-6.8M	-7M	-11.6M	-14.8M	-21.3M	-17.6M	-6.1M	-12.6M	-11.9M	-23.1M
Pretax Income+	82.2M	94M	132.2M	129M	166.9M	145.5M	119.5M	120M	152.8M	95.3M
Pretax Margin %	0.07%	0.07%	0.08%	0.07%	0.09%	0.08%	0.09%	0.08%	0.09%	0.06%
Income Tax+	26.2M	26M	50.1M	24.6M	37.6M	36.7M	27M	16.2M	23.5M	10.7M
Effective Tax Rate %	0.68%	0.72%	0.61%	0.81%	0.77%	0.75%	1%	1.15%	3.81%	0.9%
Net Income+	55.9M	67.6M	80.5M	104.1M	129M	108.8M	119.1M	137.4M	582.6M	85.4M
Net Margin %	0.05%	0.05%	0.05%	0.05%	0.07%	0.06%	0.09%	0.09%	0.35%	0.05%
Net Income Growth %	0.81%	0.21%	0.19%	0.29%	0.24%	-0.16%	0.09%	0.15%	3.24%	-0.85%
Net Income (Continuing)	56M	68M	82.1M	104.4M	129.3M	108.8M	92.5M	103.8M	129.3M	84.6M
Discontinued Operations	-100K	-400K	-1.6M	300K	300K	0	26.6M	33.6M	453.3M	800K
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.88	2.27	2.53	3.23	4.02	3.39	3.69	4.07	18.13	2.65
EPS Growth %	0.83%	0.21%	0.11%	0.28%	0.24%	-0.16%	0.09%	0.1%	3.45%	-0.85%
EPS (Basic)	1.89	2.30	2.56	3.26	4.04	3.40	3.70	4.08	18.21	2.67
Diluted Shares Outstanding	29.8M	29.8M	31.9M	32.2M	32M	32.1M	32.1M	32.1M	32.1M	32.2M
Basic Shares Outstanding	29.5M	29.4M	31.4M	31.9M	31.9M	32M	32M	32M	32M	32M
Dividend Payout Ratio	0.2%	0.17%	0.16%	0.13%	0.1%	0.12%	0.11%	0.1%	0.02%	0.15%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	396.2M	485M	588.6M	618.5M	708.2M	616.1M	718.7M	926.5M	1.1B	1.86B
Cash & Short-Term Investments	37.2M	33.2M	34M	43M	39.5M	47.5M	78.8M	71.7M	483.3M	1.23B
Cash Only	37.2M	33.2M	34M	43M	39.5M	47.5M	78.8M	71.7M	483.3M	1.23B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	212.5M	260.5M	316.4M	323.7M	363.3M	304.4M	333.5M	265.6M	288.9M	335.1M
Days Sales Outstanding	70.05	70.41	70.63	61.55	68.15	64.3	86.9	60.96	63.36	71.28
Inventory	104.9M	139.6M	190.2M	206.1M	245M	197.3M	229.1M	264M	238.9M	233.1M
Days Inventory Outstanding	48.44	52.54	59.62	54.43	66.36	60.31	91.02	90.83	80.84	78.09
Other Current Assets	33.6M	51.7M	48M	45.7M	60.4M	66.9M	77.3M	325.2M	89.1M	66.7M
Total Non-Current Assets+	479.9M	702.4M	802.8M	824M	1.21B	1.19B	1.42B	1.71B	1.61B	1.55B
Property, Plant & Equipment	181.1M	210.2M	233M	239.7M	265.6M	268M	267.6M	245.4M	248M	233.7M
Fixed Asset Turnover	6.11x	6.42x	7.02x	8.01x	7.33x	6.45x	5.23x	6.48x	6.71x	7.34x
Goodwill	152.5M	239.5M	301.8M	321.4M	528.9M	543.9M	684.8M	770.1M	779.5M	769.1M
Intangible Assets	86.8M	186M	216.8M	213.9M	325.9M	299.1M	383.2M	515.9M	458M	402.5M
Long-Term Investments	9.2M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	18.3M	31.7M	38.1M	34M	86.3M	78.8M	87.1M	183.1M	124.7M	145.2M
Total Assets+	876.1M	1.19B	1.39B	1.44B	1.91B	1.81B	2.14B	2.64B	2.71B	3.41B
Asset Turnover	1.26x	1.14x	1.18x	1.33x	1.02x	0.96x	0.65x	0.60x	0.61x	0.50x
Asset Growth %	0.26%	0.36%	0.17%	0.04%	0.33%	-0.06%	0.19%	0.23%	0.03%	0.26%
Total Current Liabilities+	353.1M	393M	441.4M	485.3M	474.5M	457.5M	549.9M	624M	484.4M	535.5M
Accounts Payable	110.7M	135.7M	157.1M	191.2M	198.6M	140.7M	186M	170.6M	134.6M	131M
Days Payables Outstanding	51.12	51.07	49.25	50.49	53.79	43.01	73.9	58.69	45.54	43.89
Short-Term Debt	2.2M	7.1M	10.5M	500K	900K	2.4M	0	600K	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	78.6M	90.6M	96.4M	101M	114M	134M	117.1M	403.3M	290.1M	349.2M
Current Ratio	1.12x	1.23x	1.33x	1.27x	1.49x	1.35x	1.31x	1.48x	2.27x	3.48x
Quick Ratio	0.82x	0.88x	0.90x	0.85x	0.98x	0.92x	0.89x	1.06x	1.78x	3.04x
Cash Conversion Cycle	67.37	71.87	81	65.48	80.72	81.61	104.02	93.09	98.65	105.48
Total Non-Current Liabilities+	393.3M	614.5M	508.1M	500.3M	870.9M	711.3M	841M	1.11B	737.1M	1.33B
Long-Term Debt	280.6M	491.6M	372.7M	387.1M	698.3M	522.5M	674.4M	977.3M	646.4M	1.25B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.8M	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	110.9M	122.9M	135.4M	113.2M	172.6M	188.8M	166.6M	134.3M	90.7M	82M
Total Liabilities	746.4M	1.01B	949.5M	985.6M	1.35B	1.17B	1.39B	1.74B	1.22B	1.87B
Total Debt+	282.8M	498.7M	383.2M	387.6M	699.2M	524.9M	674.4M	977.9M	646.4M	1.25B
Net Debt	245.6M	465.5M	349.2M	344.6M	659.7M	477.4M	595.6M	906.2M	163.1M	23.7M
Debt / Equity	2.18x	2.77x	0.87x	0.85x	1.23x	0.82x	0.90x	1.08x	0.43x	0.81x
Debt / EBITDA	2.38x	3.57x	1.96x	1.92x	2.75x	2.23x	3.41x	4.68x	2.53x	6.03x
Net Debt / EBITDA	2.07x	3.34x	1.79x	1.71x	2.60x	2.03x	3.01x	4.34x	0.64x	0.11x
Interest Coverage	13.09x	10.74x	10.57x	10.35x	10.01x	11.73x	11.21x	8.13x	6.78x	6.10x
Total Equity+	129.7M	179.9M	441.9M	456.9M	569.5M	637.1M	750.2M	905.4M	1.49B	1.54B
Equity Growth %	0.09%	0.39%	1.46%	0.03%	0.25%	0.12%	0.18%	0.21%	0.64%	0.04%
Book Value per Share	4.35	6.04	13.85	14.19	17.80	19.85	23.37	28.21	46.38	47.96
Total Shareholders' Equity	129.7M	179.9M	441.9M	456.9M	569.5M	637.1M	750.2M	905.4M	1.49B	1.54B
Common Stock	300K	300K	300K	300K	300K	300K	0	300K	300K	300K
Retained Earnings	211.1M	266.6M	333.7M	416.5M	532.8M	627.8M	733.4M	894M	1.46B	1.54B
Treasury Stock	-6.1M	-7.2M	-4M	-19.3M	-12.6M	-1M	0	-5.3M	-7.1M	-1.8M
Accumulated OCI	-147.2M	-157M	-140.3M	-186.5M	-192.8M	-219.9M	-197.4M	-204.3M	-195.8M	-224.5M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	111.9M	67.4M	104.6M	153.9M	110.2M	252M	223.8M	142.3M	39.6M	233.6M
Operating CF Margin %	0.1%	0.05%	0.06%	0.08%	0.06%	0.15%	0.16%	0.09%	0.02%	0.14%
Operating CF Growth %	0.44%	-0.4%	0.55%	0.47%	-0.28%	1.29%	-0.11%	-0.36%	-0.72%	4.9%
Net Income	56M	68M	82.1M	104.4M	129.3M	108.8M	119.1M	103.8M	582.6M	85.4M
Depreciation & Amortization	29.6M	38.5M	51.7M	57.7M	65.6M	71.8M	72.1M	77.5M	91.3M	89.4M
Stock-Based Compensation	7.2M	9.9M	9M	9.7M	9.4M	1.9M	5.5M	0	11.4M	14.7M
Deferred Taxes	5.8M	-100K	18.3M	4.8M	19.8M	9.8M	0	-19.1M	0	0
Other Non-Cash Items	-1.6M	-2.2M	-2.3M	-20.6M	15.1M	10.6M	100.8M	24.9M	-668M	90.3M
Working Capital Changes	14.9M	-46.7M	-54.2M	-2.1M	-129M	49.1M	-73.7M	-44.8M	22.3M	-46.2M
Change in Receivables	-11.3M	-29M	-35.8M	-7.2M	-18.8M	62.5M	-29.1M	-28.2M	-21.6M	-59.2M
Change in Inventory	15.6M	-2.9M	-23.7M	-7.5M	-5.7M	44M	-36.9M	-47.3M	26.9M	3.7M
Change in Payables	10.4M	16.1M	8.5M	35.8M	-3.7M	-61M	0	29.1M	0	0
Cash from Investing+	-185.1M	-266.8M	-139.9M	-94.4M	-401.7M	-37.3M	-272.9M	-416.1M	725.9M	-41.3M
Capital Expenditures	-37.7M	-37.1M	-37.9M	-39.8M	-37.9M	-34.3M	-51.7M	-84.6M	-55.1M	-37.9M
CapEx % of Revenue	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.04%	0.05%	0.03%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	3.5M	2.3M	2.2M	2.9M	2.1M	1.5M	3.3M	-2.9M	781.1M	-3.4M
Cash from Financing+	83.9M	194.9M	34.7M	-48.3M	287.5M	-207.4M	80.8M	270.6M	-354.1M	561.8M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-11.2M	-11.8M	-12.7M	-13.1M	-12.7M	-12.8M	-12.8M	-13.1M	-12.8M	-13.1M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.6M	-4.1M	-15.8M	-489.9M	-11.3M	-2.2M	-55.3M	-1.3M	5.1M	-1.1M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	74.2M	30.3M	66.7M	114.1M	72.3M	217.7M	172.1M	57.7M	-15.5M	195.7M
FCF Margin %	0.07%	0.02%	0.04%	0.06%	0.04%	0.13%	0.12%	0.04%	-0.01%	0.11%
FCF Growth %	0.81%	-0.59%	1.2%	0.71%	-0.37%	2.01%	-0.21%	-0.66%	-1.27%	13.63%
FCF per Share	2.49	1.02	2.09	3.54	2.26	6.78	5.36	1.80	-0.48	6.08
FCF Conversion (FCF/Net Income)	2.00x	1.00x	1.30x	1.48x	0.85x	2.32x	1.88x	1.04x	0.07x	2.74x
Interest Paid	7.7M	10.4M	13.1M	16M	21.9M	14.2M	8.8M	0	20.7M	7.5M
Taxes Paid	13.8M	25.8M	24M	19.8M	29.2M	36.4M	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	44.92%	43.67%	25.89%	23.16%	25.14%	18.03%	17.17%	16.6%	48.67%	5.63%
Return on Invested Capital (ROIC)	20.89%	14.84%	15.02%	13.54%	13.9%	10.44%	7.66%	6.3%	7.13%	5.52%
Gross Margin	28.62%	28.19%	28.79%	28%	30.74%	30.89%	34.42%	33.29%	35.19%	36.51%
Net Margin	5.05%	5.01%	4.92%	5.42%	6.63%	6.3%	8.5%	8.64%	35%	4.98%
Debt / Equity	2.18x	2.77x	0.87x	0.85x	1.23x	0.82x	0.90x	1.08x	0.43x	0.81x
Interest Coverage	13.09x	10.74x	10.57x	10.35x	10.01x	11.73x	11.21x	8.13x	6.78x	6.10x
FCF Conversion	2.00x	1.00x	1.30x	1.48x	0.85x	2.32x	1.88x	1.04x	0.07x	2.74x
Revenue Growth	12.51%	21.96%	21.07%	17.41%	1.35%	-11.2%	-18.93%	13.53%	4.66%	3.1%

Frequently Asked Questions

Valuation & Price

JBT Marel Corporation (JBTM) has a price-to-earnings (P/E) ratio of 60.0x. This suggests investors expect higher future growth.

Growth & Financials

JBT Marel Corporation (JBTM) reported $3.26B in revenue for fiscal year 2024. This represents a 241% increase from $955.8M in 2011.

JBT Marel Corporation (JBTM) grew revenue by 3.1% over the past year. Growth has been modest.

JBT Marel Corporation (JBTM) reported a net loss of $110.6M for fiscal year 2024.

Dividend & Returns

Yes, JBT Marel Corporation (JBTM) pays a dividend with a yield of 0.26%. This makes it attractive for income-focused investors.

JBT Marel Corporation (JBTM) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.

JBT Marel Corporation (JBTM) generated $217.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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