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Stocks · Industrials · Special Industry Machinery (No Metalworking Machinery)

JBT MAREL Corp

JBTM Clue Score46
United States Fiscal year ends December CIK 0001433660
$107.08 +1.63% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $107.08 −26.90% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,350.5Operating income101.0Net income67.6EPS, diluted2.27Fiscal year 2017Revenue1,635.1 +21.1%Operating income143.8Net income80.5 +19.1%EPS, diluted2.53Fiscal year 2018Revenue1,919.7 +17.4%Operating income143.8Net income104.1 +29.3%EPS, diluted3.23Fiscal year 2019Revenue1,945.7 +1.4%Operating income188.2Net income129.0 +23.9%EPS, diluted4.02Fiscal year 2020Revenue1,727.8 −11.2%Operating income163.1Net income108.8 −15.7%EPS, diluted3.39Fiscal year 2021Revenue1,400.8 −18.9%Operating income125.6Net income119.1 +9.5%EPS, diluted3.71Fiscal year 2022Revenue1,590.3 +13.5%Operating income132.6Net income137.4 +15.4%EPS, diluted4.28Fiscal year 2023Revenue1,664.4 +4.7%Operating income164.7Net income582.6 +324.0%EPS, diluted18.13Fiscal year 2024Revenue1,716.0 +3.1%Operating income118.4Net income85.4 −85.3%EPS, diluted2.65Fiscal year 2025Revenue3,798.2 +121.3%Operating income189.4Net income−50.5 −159.1%EPS, diluted−0.98
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,350.5 1,635.1 1,919.7 1,945.7 1,727.8 1,400.8 1,590.3 1,664.4 1,716.0 3,798.2
Growth +21.1% +17.4% +1.4% −11.2% −18.9% +13.5% +4.7% +3.1% +121.3%
Operating income 101.0 143.8 143.8 188.2 163.1 125.6 132.6 164.7 118.4 189.4
Net income 67.6 80.5 104.1 129.0 108.8 119.1 137.4 582.6 85.4 −50.5
Growth +19.1% +29.3% +23.9% −15.7% +9.5% +15.4% +324.0% −85.3% −159.1%
EPS, diluted 2.27 2.53 3.23 4.02 3.39 3.71 4.28 18.13 2.65 −0.98

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin11.7%Operating margin7.5%Net margin5.0%Free cash flow margin2.2%Fiscal year 2017Gross margin11.6%Operating margin8.8%Net margin4.9%Free cash flow margin4.1%Fiscal year 2018Gross margin12.2%Operating margin7.5%Net margin5.4%Free cash flow margin5.9%Fiscal year 2019Gross margin13.5%Operating margin9.7%Net margin6.6%Free cash flow margin3.7%Fiscal year 2020Gross margin12.9%Operating margin9.4%Net margin6.3%Free cash flow margin12.6%Fiscal year 2021Gross margin15.7%Operating margin9.0%Net margin8.5%Free cash flow margin12.4%Fiscal year 2022Gross margin16.0%Operating margin8.3%Net margin8.6%Free cash flow margin3.6%Fiscal year 2023Operating margin9.9%Net margin35.0%Free cash flow margin1.1%Fiscal year 2024Operating margin6.9%Net margin5.0%Free cash flow margin11.3%Fiscal year 2025Operating margin5.0%Net margin−1.3%Free cash flow margin6.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 11.7% 11.6% 12.2% 13.5% 12.9% 15.7% 16.0% n/a n/a n/a
Operating margin 7.5% 8.8% 7.5% 9.7% 9.4% 9.0% 8.3% 9.9% 6.9% 5.0%
Net margin 5.0% 4.9% 5.4% 6.6% 6.3% 8.5% 8.6% 35.0% 5.0% −1.3%
Free cash flow margin 2.2% 4.1% 5.9% 3.7% 12.6% 12.4% 3.6% 1.1% 11.3% 6.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow67.4Capital expenditure−37.1Free cash flow30.3Buybacks−4.3Dividends paid−11.8Fiscal year 2017Operating cash flow104.6Capital expenditure−37.9Free cash flow66.7 +120.1%Buybacks−5.0Dividends paid−12.7Fiscal year 2018Operating cash flow153.9Capital expenditure−39.8Free cash flow114.1 +71.1%Buybacks−20.0Dividends paid−13.1Fiscal year 2019Operating cash flow110.2Capital expenditure−37.9Free cash flow72.3 −36.6%Buybacks0.0Dividends paid−12.7Fiscal year 2020Operating cash flow252.0Capital expenditure−34.3Free cash flow217.7 +201.1%Buybacks0.0Dividends paid−12.8Fiscal year 2021Operating cash flow225.7Capital expenditure−51.7Free cash flow174.0 −20.1%Buybacks0.0Dividends paid−12.8Fiscal year 2022Operating cash flow142.3Capital expenditure−84.6Free cash flow57.7 −66.8%Buybacks−7.7Dividends paid−13.1Fiscal year 2023Operating cash flow74.2Capital expenditure−55.1Free cash flow19.1 −66.9%Buybacks−5.1Dividends paid−12.8Fiscal year 2024Operating cash flow232.6Capital expenditure−37.9Free cash flow194.7 +919.4%Buybacks0.0Dividends paid−13.1Fiscal year 2025Operating cash flow341.7Capital expenditure−103.6Free cash flow238.1 +22.3%Buybacks0.0Dividends paid−20.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 67.4 104.6 153.9 110.2 252.0 225.7 142.3 74.2 232.6 341.7
Capital expenditure −37.1 −37.9 −39.8 −37.9 −34.3 −51.7 −84.6 −55.1 −37.9 −103.6
Free cash flow 30.3 66.7 114.1 72.3 217.7 174.0 57.7 19.1 194.7 238.1
Growth +120.1% +71.1% −36.6% +201.1% −20.1% −66.8% −66.9% +919.4% +22.3%
Buybacks −4.3 −5.0 −20.0 0.0 0.0 0.0 −7.7 −5.1 0.0 0.0
Dividends paid −11.8 −12.7 −13.1 −12.7 −12.8 −12.8 −13.1 −12.8 −13.1 −20.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash33.2Total debt491.6Net cash (debt)−458.4Shareholders’ equity179.9Debt to equity2.73Fiscal year 2017Cash34.0Total debt372.7Net cash (debt)−338.7Shareholders’ equity441.9Debt to equity0.84Fiscal year 2018Cash43.0Total debt387.1Net cash (debt)−344.1Shareholders’ equity456.9Debt to equity0.85Fiscal year 2019Cash39.5Total debt698.3Net cash (debt)−658.8Shareholders’ equity569.5Debt to equity1.23Fiscal year 2020Cash47.5Total debt522.5Net cash (debt)−475.0Shareholders’ equity672.4Debt to equity0.78Fiscal year 2021Cash78.8Total debt674.4Net cash (debt)−595.6Shareholders’ equity786.5Debt to equity0.86Fiscal year 2022Cash71.7Total debt977.3Net cash (debt)−905.6Shareholders’ equity905.4Debt to equity1.08Fiscal year 2023Cash483.3Total debt646.4Net cash (debt)−163.1Shareholders’ equity1,488.9Debt to equity0.43Fiscal year 2024Cash1,228.4Total debt1,252.1Net cash (debt)−23.7Shareholders’ equity1,544.2Debt to equity0.81Fiscal year 2025Cash167.9Total debt1,881.9Net cash (debt)−1,714.0Shareholders’ equity4,463.8Debt to equity0.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 33.2 34.0 43.0 39.5 47.5 78.8 71.7 483.3 1,228.4 167.9
Total debt 491.6 372.7 387.1 698.3 522.5 674.4 977.3 646.4 1,252.1 1,881.9
Net cash (debt) −458.4 −338.7 −344.1 −658.8 −475.0 −595.6 −905.6 −163.1 −23.7 −1,714.0
Shareholders’ equity 179.9 441.9 456.9 569.5 672.4 786.5 905.4 1,488.9 1,544.2 4,463.8
Debt to equity 2.73 0.84 0.85 1.23 0.78 0.86 1.08 0.43 0.81 0.42

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
11.7% 11.6% 12.2% 13.5% 12.9% 15.7% 16.0% n/a n/a n/a
7.5% 8.8% 7.5% 9.7% 9.4% 9.0% 8.3% 9.9% 6.9% 5.0%
7.0% 8.1% 6.7% 8.6% 8.4% 8.5% 7.5% 9.2% 5.6% −1.6%
5.0% 4.9% 5.4% 6.6% 6.3% 8.5% 8.6% 35.0% 5.0% −1.3%
2.2% 4.1% 5.9% 3.7% 12.6% 12.4% 3.6% 1.1% 11.3% 6.3%
Spending
1.7% 1.8% 1.4% 1.5% 1.7% 1.6% 1.4% 1.2% 1.2% 3.1%
19.8% 19.9% 18.1% 20.4% 20.7% 25.1% 24.5% 24.6% n/a n/a
2.7% 2.3% 2.1% 1.9% 2.0% 3.7% 5.3% 3.3% 2.2% 2.7%
27.7% 37.9% 19.1% 22.5% 25.2% 22.6% 13.5% 15.3% 11.2% n/a
Returns
37.6% 18.2% 22.8% 22.7% 16.2% 15.1% 15.2% 39.1% 5.5% −1.1%
5.7% 5.8% 7.2% 6.7% 6.0% 5.6% 5.2% 21.5% 2.5% −0.6%
Balance and payout
2.73 0.84 0.85 1.23 0.78 0.86 1.08 0.43 0.81 0.42
17.5% 15.8% 12.6% 9.8% 11.8% 10.7% 9.5% 2.2% 15.3% n/a
53.1% 26.5% 29.0% 17.6% 5.9% 7.4% 36.0% 93.7% 6.7% 8.8%