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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 |
| Operating 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 |
| Selling General And Administration | - | 389.70 | 409.60 | 506.70 | 1,115.90 |
| Total Expenses | - | 1,450.60 | 1,488.30 | 1,596.20 | 3,579.50 |
| Operating Income | - | 139.70 | 176.10 | 119.80 | 218.70 |
| Total Operating Income As Reported | - | 132.60 | 164.70 | 118.40 | 189.40 |
| EBITDA | - | 212.50 | 268.70 | 204.20 | 318.20 |
| Normalized EBITDA | - | 219.60 | 280.10 | 205.60 | 336.90 |
| EBIT | - | 136.30 | 177.40 | 114.80 | 52 |
| Interest Income | - | 3.70 | 13.40 | 23.70 | 11.10 |
| Interest Expense | - | 16.30 | 24.30 | 19.40 | 114.40 |
| Net Interest Income | - | -12.60 | -10.90 | 4.30 | -103.30 |
| Other Non Operating Income Expenses | 1.30 | - | -0.70 | -27.30 | -159.10 |
| Other Income Expense | - | -7.10 | -12.10 | -28.70 | -177.80 |
| Interest Income Non Operating | - | 3.70 | 13.40 | 23.70 | 11.10 |
| Interest Expense Non Operating | - | 16.30 | 24.30 | 19.40 | 114.40 |
| Net Non Operating Interest Income Expense | - | -12.60 | -10.90 | 4.30 | -103.30 |
| Pretax Income | - | 120 | 153.10 | 95.40 | -62.40 |
| Tax Provision | - | 16.20 | 23.50 | 10.70 | -13.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.96 | -1.71 | -0.15 | -3.93 |
| Net Income Continuous Operations | - | 103.80 | 129.30 | 84.60 | -49.70 |
| Net Income From Continuing And Discontinued Operation | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Net Income From Continuing Operation Net Minority Interest | - | 103.80 | 129.30 | 84.60 | -49.70 |
| Net Income | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Net Income Common Stockholders | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Net Income Including Noncontrolling Interests | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Normalized Income | - | 109.94 | 138.99 | 85.85 | -34.93 |
| Diluted NI Availto Com Stockholders | - | 137.40 | 582.60 | 85.40 | -50.50 |
| Basic Average Shares | - | 32 | 32 | 32 | 52 |
| Diluted Average Shares | - | 32.10 | 32.10 | 32.20 | 52 |
| Reconciled Depreciation | - | 76.20 | 91.30 | 89.40 | 266.20 |
| Reconciled Cost Of Revenue | - | 1,060.90 | 1,078.70 | 1,089.50 | 2,463.60 |
| Total Unusual Items | - | -7.10 | -11.40 | -1.40 | -18.70 |
| Total Unusual Items Excluding Goodwill | - | -7.10 | -11.40 | -1.40 | -18.70 |
| Net Income Discontinuous Operations | - | 33.60 | 453.30 | 0.80 | -0.80 |
| Earnings From Equity Interest Net Of Tax | - | 0 | -0.30 | -0.10 | -0.40 |
| Special Income Charges | - | -7.10 | -11.40 | -1.40 | -29.30 |
| Restructuring And Mergern Acquisition | - | 7.10 | 11.40 | 1.40 | 29.30 |
| Gain On Sale Of Security | - | - | - | - | 10.60 |
| General And Administrative Expense | 351.40 | 441.90 | 409.60 | - | - |
| Other Gand A | 351.40 | 441.90 | 409.60 | - | - |
| Salaries And Wages | -1.30 | 0 | 0.70 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| JBT Marel Corporationthis co. | JBTM | $6.5B | -129.10 | 1.46 | -1.1% | 25.87 |
| Primoris Services Corporation | PRIM | $6.9B | 25.19 | 4.12 | 16.4% | 14.55 |
| Enpro Inc. | NPO | $6.7B | 165.58 | 4.34 | 2.6% | 37.34 |
| Pool Corporation | POOL | $6.7B | 16.43 | 5.63 | 34.3% | 12.83 |
| Gates Industrial Corporation plc | GTES | $6.6B | 26.38 |
| - |
| - |
| - |
| - |
| - |
| 1.99 |
| 7.5% |
| 12.16 |
| Federal Signal Corporation | FSS | $6.6B | 26.69 | 4.76 | 17.8% | 16.97 |
| Armstrong World Industries, Inc. | AWI | $6.5B | 21.12 | 7.24 | 34.3% | 12.46 |
| Schneider National, Inc. | SNDR | $6.5B | 62.71 | 2.15 | 3.4% | 10.77 |
| Granite Construction Incorporated | GVA | $6.2B | 32.09 | 5.25 | 16.4% | 14.37 |
| Peer Median | - | 26.54 | 4.55 | 16.4% | 13.60 | |