JBT Marel Corporation provides technology solutions to food and beverage industry in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through Protein Solutions and Prepared Food and Beverage Solutions. It offers value-added processing that includes equipment, solutions, software and services, stunning, slaughtering, scalding/dehairing, chilling, mixing/grinding, separation, 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, labeling, and packaging solutions to the food, beverage, and health market. The company also provides automated guided vehicle systems for material handling requirements in the automotive manufacturing, warehouse, and medical facilities. It serves poultry, beef, pork, seafood, ready-to-eat meals, fruits, vegetables, plant-based meat alternatives, dairy, bakery, pet foods, soups, sauces, juices, and aqua feed 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.8B | $318M | $-51M | $238M | -1.1% | 121.3% | -159.1% |
| 2024 | $1.7B | $204M | $85M | $195M | 5.5% | 3.1% | -85.3% |
| 2023 | $1.7B | $269M | $583M | $19M | 39.1% | 4.7% | 324.0% |
| 2022 | $1.6B | $213M | $137M | $51M | 15.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,590.30 | 1,664.40 | 1,716 | 3,798.20 |
| Cost Of Revenue | - | 1,060.90 | 1,078.70 | 1,089.50 | 2,463.60 |
| Gross Profit | - | 529.40 | 585.70 | 626.50 | 1,334.60 |
| Operating Expense | - | 389.70 | 409.60 | 506.70 | 1,115.90 |
| Operating Income | - | 139.70 | 176.10 | 119.80 | 218.70 |
| EBITDA | - | 212.50 | 268.70 | 204.20 | 318.20 |
| EBIT | - | 136.30 | 177.40 | 114.80 | 52 |
| Pretax Income | - | 120 | 153.10 | 95.40 | -62.40 |
| Tax Provision | - | 16.20 | 23.50 | 10.70 | -13.10 |
| Net Income | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Net Income Common Stockholders | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Total Expenses | - | 1,450.60 | 1,488.30 | 1,596.20 | 3,579.50 |
| Interest Expense | - | 16.30 | 24.30 | 19.40 | 114.40 |
| Interest Income | - | 3.70 | 13.40 | 23.70 | 11.10 |
| Selling General And Administration | - | 389.70 | 409.60 | 506.70 | 1,115.90 |
| Normalized EBITDA | - | 219.60 | 280.10 | 205.60 | 336.90 |
| Normalized Income | - | 109.94 | 138.99 | 85.85 | -34.93 |
| Market Cap | 6,775.36 | 6,775.36 | 6,775.36 | 6,775.36 | 6,775.36 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| JBT Marel Corporationthis co. | JBTM | - | -134.17 | 1.52 | -1.1% | 26.68 |
| Pitney Bowes Inc. | PBI | $2.7B | 16.10 | -2.90 | -18.0% | 10.27 |
| DXP Enterprises, Inc. | DXPE | $2.7B | 29.67 | 5.28 | 17.8% | 14.78 |
| Hub Group, Inc. | HUBG | $2.6B | 25.22 | 1.59 | 6.3% | 8.93 |
| The GEO Group, Inc. | GEO | $2.6B | 9.82 |
| - |
| - |
| - |
| - |
| - |
| 1.66 |
| 16.9% |
| 6.62 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.02 | 2.35 | 23.5% | 8.15 |
| Robert Half Inc. | RHI | $2.6B | 19.72 | 2.06 | 10.4% | 15.20 |
| ABM Industries Incorporated | ABM | $2.5B | 14.47 | 1.32 | 9.1% | 9.30 |
| Alamo Group Inc. | ALG | $2.1B | 20.15 | 1.82 | 9.0% | 9.51 |
| Peer Median | - | 17.91 | 1.74 | 9.8% | 9.40 | |