JBT Marel (JBTM)
Market Price (9/9/2026): $115.97 | Market Cap: $6.0 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
JBT Marel (JBTM)
Market Price (9/9/2026): $115.97Market Cap: $6.0 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 45% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Attractive yieldFCF Yield is 5.1% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Automation & Robotics, and Sustainable Resource Management. Themes include Factory Automation, Process / Warehouse Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -5.5%, 3Y Excs Rtn is -64% | Key risksJBTM key risks include [1] the failure to realize projected cost synergies from the Marel merger, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 45% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldFCF Yield is 5.1% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Sustainable Resource Management. Themes include Factory Automation, Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -5.5%, 3Y Excs Rtn is -64% |
| Key risksJBTM key risks include [1] the failure to realize projected cost synergies from the Marel merger, Show more. |
Qualitative Assessment
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JBT Marel (JBTM) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. JBT Marel's fiscal Q2 2026 Earnings Miss and Revenue Delays. The company reported adjusted earnings per share (EPS) of $1.95 for fiscal Q2 2026, which ended June 30, 2026, missing Wall Street estimates of $2.02. Additionally, revenue of $981 million for the quarter slightly fell short of analyst expectations. This performance was attributed in part to approximately $20 million in delayed revenue from the Prepared Food and Beverage Solutions segment due to logistics constraints and production inefficiencies. The market reacted negatively to this earnings shortfall, with the stock dropping between 6.9% and 7.9% immediately after the August 3, 2026, earnings announcement.
2. Non-Cash Impairment Charge Impacting Profitability Perception. JBT Marel included a $33 million non-cash, non-recurring impairment charge related to a 2021 acquisition in its net income for fiscal Q2 2026. While this charge was generally excluded from adjusted EPS, its presence contributed to a lowering of the company's full-year 2026 GAAP EPS guidance. This likely raised investor concerns about underlying profitability and the clarity of financial reporting, despite reaffirming full-year revenue and adjusted EBITDA margin guidance.
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JBT Marel (JBTM) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. JBT Marel's fiscal Q2 2026 Earnings Miss and Revenue Delays. The company reported adjusted earnings per share (EPS) of $1.95 for fiscal Q2 2026, which ended June 30, 2026, missing Wall Street estimates of $2.02. Additionally, revenue of $981 million for the quarter slightly fell short of analyst expectations. This performance was attributed in part to approximately $20 million in delayed revenue from the Prepared Food and Beverage Solutions segment due to logistics constraints and production inefficiencies. The market reacted negatively to this earnings shortfall, with the stock dropping between 6.9% and 7.9% immediately after the August 3, 2026, earnings announcement.
2. Non-Cash Impairment Charge Impacting Profitability Perception. JBT Marel included a $33 million non-cash, non-recurring impairment charge related to a 2021 acquisition in its net income for fiscal Q2 2026. While this charge was generally excluded from adjusted EPS, its presence contributed to a lowering of the company's full-year 2026 GAAP EPS guidance. This likely raised investor concerns about underlying profitability and the clarity of financial reporting, despite reaffirming full-year revenue and adjusted EBITDA margin guidance.
3. Operational Headwinds and Execution Concerns. Beyond the specific revenue delay, the fiscal Q2 2026 results highlighted broader operational challenges, particularly within the Prepared Food and Beverage Solutions segment, which experienced ongoing logistics and productivity issues. These "execution challenges" and "integration missteps" led to investor skepticism regarding the company's ability to consistently realize the anticipated synergies from the JBT-Marel combination, as noted by analysts.
4. Analyst Downgrades. During the period, several analyst firms adjusted their ratings and outlooks for JBT Marel. Notably, Wall Street Zen downgraded the stock from a "buy" to a "hold" on June 21, 2026, and Weiss Ratings lowered its rating from "hold (c+)" to "hold (c)" on June 5, 2026. These revisions from financial institutions signaled a more cautious stance, contributing to negative investor sentiment and pressure on the stock price.
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Stock Movement Drivers
Fundamental Drivers
The -13.6% change in JBTM stock from 5/31/2026 to 9/8/2026 was primarily driven by a -25.0% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 134.28 | 115.96 | -13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,880 | 3,926 | 1.2% |
| Net Income Margin (%) | 4.3% | 4.9% | 13.6% |
| P/E Multiple | 41.9 | 31.4 | -25.0% |
| Shares Outstanding (Mil) | 52 | 52 | 0.2% |
| Cumulative Contribution | -13.6% |
Market Drivers
5/31/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| JBTM | -13.6% | |
| Market (SPY) | 1.3% | 23.2% |
| Sector (XLI) | 0.7% | 39.0% |
Fundamental Drivers
The -24.5% change in JBTM stock from 2/28/2026 to 9/8/2026 was primarily driven by a -37.3% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 153.65 | 115.96 | -24.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,258 | 3,926 | 20.5% |
| P/S Multiple | 2.5 | 1.5 | -37.3% |
| Shares Outstanding (Mil) | 52 | 52 | -0.2% |
| Cumulative Contribution | -24.5% |
Market Drivers
2/28/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| JBTM | -24.5% | |
| Market (SPY) | 12.0% | 38.8% |
| Sector (XLI) | -1.3% | 43.6% |
Fundamental Drivers
The -18.8% change in JBTM stock from 8/31/2025 to 9/8/2026 was primarily driven by a -44.0% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 142.87 | 115.96 | -18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,710 | 3,926 | 44.9% |
| P/S Multiple | 2.7 | 1.5 | -44.0% |
| Shares Outstanding (Mil) | 52 | 52 | 0.0% |
| Cumulative Contribution | -18.8% |
Market Drivers
8/31/2025 to 9/8/2026| Return | Correlation | |
|---|---|---|
| JBTM | -18.8% | |
| Market (SPY) | 19.8% | 34.9% |
| Sector (XLI) | 15.9% | 43.9% |
Fundamental Drivers
The 6.6% change in JBTM stock from 8/31/2023 to 9/8/2026 was primarily driven by a 137.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9082026 | Change |
|---|---|---|---|
| Stock Price ($) | 108.80 | 115.96 | 6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,656 | 3,926 | 137.1% |
| Net Income Margin (%) | 8.4% | 4.9% | -41.4% |
| P/E Multiple | 25.2 | 31.4 | 24.9% |
| Shares Outstanding (Mil) | 32 | 52 | -38.6% |
| Cumulative Contribution | 6.6% |
Market Drivers
8/31/2023 to 9/8/2026| Return | Correlation | |
|---|---|---|
| JBTM | 6.6% | |
| Market (SPY) | 76.1% | 43.2% |
| Sector (XLI) | 67.9% | 50.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JBTM Return | 35% | -40% | 9% | 28% | 19% | -22% | 5% |
| Peers Return | 37% | -31% | 20% | -3% | 6% | -0% | 15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| JBTM Win Rate | 50% | 42% | 25% | 67% | 58% | 44% | |
| Peers Win Rate | 67% | 33% | 52% | 48% | 53% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| JBTM Max Drawdown | -15% | -49% | -23% | -19% | -32% | -32% | |
| Peers Max Drawdown | -14% | -44% | -29% | -21% | -31% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MIDD, ITW, DOV, ROK, ALGN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/8/2026 (YTD)
How Low Can It Go
| Event | JBTM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.2% | -18.8% |
| % Gain to Breakeven | 33.7% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.0% | -9.5% |
| % Gain to Breakeven | 21.9% | 10.5% |
| Time to Breakeven | 367 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -47.2% | -24.5% |
| % Gain to Breakeven | 89.2% | 32.4% |
| Time to Breakeven | 1172 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.1% | 50.9% |
| Time to Breakeven | 250 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -41.7% | -19.2% |
| % Gain to Breakeven | 71.6% | 23.8% |
| Time to Breakeven | 171 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.1% | -12.2% |
| % Gain to Breakeven | 15.1% | 13.9% |
| Time to Breakeven | 10 days | 62 days |
In The Past
JBT Marel's stock fell -25.2% during the 2025 US Tariff Shock. Such a loss loss requires a 33.7% gain to breakeven.
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Asset Allocation
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| Event | JBTM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.2% | -18.8% |
| % Gain to Breakeven | 33.7% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -47.2% | -24.5% |
| % Gain to Breakeven | 89.2% | 32.4% |
| Time to Breakeven | 1172 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.2% | -33.7% |
| % Gain to Breakeven | 79.1% | 50.9% |
| Time to Breakeven | 250 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -41.7% | -19.2% |
| % Gain to Breakeven | 71.6% | 23.8% |
| Time to Breakeven | 171 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.1% | -17.9% |
| % Gain to Breakeven | 41.0% | 21.8% |
| Time to Breakeven | 457 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -24.6% | -15.4% |
| % Gain to Breakeven | 32.7% | 18.2% |
| Time to Breakeven | 153 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.2% | -53.4% |
| % Gain to Breakeven | 128.5% | 114.4% |
| Time to Breakeven | 176 days | 1085 days |
In The Past
JBT Marel's stock fell -25.2% during the 2025 US Tariff Shock. Such a loss loss requires a 33.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About JBT Marel (JBTM)
JBT Marel Corporation (JBTM) is a global technology solutions provider predominantly serving the food and beverage industry. The company specializes in delivering comprehensive processing, handling, and packaging equipment and systems designed to add value and enhance efficiency across various stages of food production, from initial preparation to final packaging.
Its extensive portfolio covers a wide array of "value-added processing" needs, including chilling, mixing, grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, and high-pressure processing. Beyond these core food processing capabilities, JBT Marel also provides solutions for weighing, inspecting, filling, closing, sealing, and end-of-line material handling, alongside advanced automated guided vehicle (AGV) systems for optimizing material movement in manufacturing, warehousing, and medical facilities.
JBT Marel's primary customers operate in sectors such as poultry, meat, and seafood, plant-based proteins, baby food, bakery and confectionery, juices, ready meals, and pet food. While its core focus is the food and beverage market, the company's AGV solutions expand its reach into non-food industries including automotive, building materials, pharmaceuticals, hospitals, and general manufacturing. The company distributes its solutions and services across North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
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Here are 1-2 brief analogies for JBT Marel (JBTM):
- Caterpillar for Food Factories: JBT Marel provides the essential industrial machinery and integrated systems for large-scale food and beverage production, much like Caterpillar equips the construction and heavy industry sectors.
- The 'Intel Inside' for food and beverage production: JBT Marel provides the critical, behind-the-scenes technology and equipment that enables food and beverage manufacturers to efficiently process, package, and move their products.
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- Food and Beverage Processing Solutions: JBT Marel provides a comprehensive suite of technologies and equipment for various food and beverage processing stages, including preparation, preservation, quality control, and packaging.
- Automated Guided Vehicle (AGV) Systems: The company offers robotic systems designed to automate and optimize material handling and movement within manufacturing, warehouse, and medical environments.
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Brian A. Deck has been Chief Executive Officer of JBT Marel since December 2020, and previously served as President of JBT from December 2020 to January 2025. He was also interim Chief Executive Officer from June to December 2020. Prior to his CEO roles, Mr. Deck served as Vice President and Chief Financial Officer of JBT from February 2014 until December 2020. Before joining JBT, he was Chief Financial Officer of National Material L.P., a private diversified industrial holding company, since May 2011. Mr. Deck also held finance leadership roles at Ryerson Inc., General Electric Capital, Bank One, and Cole Taylor Bank.
Matthew J. Meister, Executive Vice President and Chief Financial OfficerMatthew J. Meister was appointed Executive Vice President and Chief Financial Officer of JBT Marel in January 2025, after serving as Chief Financial Officer for JBT Corporation since December 2020. He was also interim Chief Financial Officer since October 2020. Mr. Meister joined JBT in May 2019 as Vice President and CFO for JBT Protein. He brings extensive experience in global manufacturing across various industries, including prior finance leadership roles at IDEX Corporation, where he was Group Vice President, Health and Science Technologies.
Arni Sigurdsson, PresidentArni Sigurdsson was appointed as President of JBT Marel in January 2025, upon the closing of the Marel Transaction. Before this, he was appointed Chief Executive Officer of Marel in December 2023, serving as Interim Chief Executive Officer since November 2023. Mr. Sigurdsson held the role of Chief Business Officer and Deputy Chief Executive Officer of Marel from November 2022. He joined Marel in 2014, initially as Head of Strategy, and later as Chief Strategy Officer & Executive Vice President of Strategic Business Units from 2020 to 2022. Prior to Marel, Mr. Sigurdsson worked at AGC Partners and Landsbanki islands, where he supported Marel's acquisition of Stork Food Systems.
Robert "Bob" Petrie, Executive Vice President and President, Meat & Prepared FoodsRobert "Bob" Petrie was appointed Executive Vice President and President, Meat & Prepared Foods of JBT Marel in January 2025, following the combination of JBT and Marel. He previously served as Executive Vice President and President, Protein for JBT Corporation since September 2021. Mr. Petrie also led JBT's Protein EMEA and Asia businesses. He joined the company in 2009 when Double D Food Engineering Ltd, where he was Managing Director and a shareholder, was acquired by JBT.
Luiz "Augusto" Rizzolo, Executive Vice President, Regions and IntegrationLuiz "Augusto" Rizzolo became Executive Vice President, Regions and Integration of JBT Marel in January 2025. He served as Executive Vice President and President, Diversified Food and Health for JBT Corporation since October 2022, and as President, Protein North America from 2020 to 2024. Before joining JBT, Mr. Rizzolo was Group President, Specialty Retail Business at Marmon Holdings, Inc. from 2018 to 2019.
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The key risks to JBT Marel's business operations primarily stem from its recent significant merger and broader macroeconomic factors.
- Integration Risks from the Marel Transaction: The most significant risk for JBT Marel is the successful integration of Marel following their strategic combination in January 2025. This involves the challenge of seamlessly merging the two companies and realizing the anticipated benefits and synergies, such as cost-cutting initiatives. Potential hurdles include operational disruptions, difficulties in retaining customers or suppliers, and addressing pre-acquisition weaknesses in Marel's internal IT general controls. The company aims to achieve $150 million in synergies within three years, but accomplishing this while managing potential disruptions remains a considerable challenge.
- Increased Indebtedness and Interest Rate Fluctuations: The consummation of the Marel Transaction substantially increased JBT Marel's indebtedness. This elevated debt level could negatively impact the company's operational flexibility, raise borrowing costs, and restrict the cash flow available for its operations. Furthermore, fluctuations in interest rates, particularly increases in rates on its variable rate debt, could adversely affect the company's financial position and results of operations.
- Cyclicality and Macroeconomic Headwinds: JBT Marel's business is exposed to the cyclical nature of capital expenditure in sectors like protein processing. Broader macroeconomic factors, such as inflation, weaker capital expenditure from customers, stagflation, and energy supply shocks, could lead to a slowdown in order intake. Additionally, global trade tariffs and inefficiencies in project execution have been noted to compress gross margins. Changes in energy or raw material prices could also reduce customer profitability, which would in turn negatively affect JBT Marel's business.
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JBT Marel Corporation (symbol: JBTM) operates within significant global addressable markets for its key products and services, primarily encompassing food processing and handling equipment, food packaging equipment, and automated guided vehicle (AGV) systems.
The global market for food processing and handling equipment was valued at approximately USD 155.91 billion in 2025. This market is predicted to increase to around USD 259.99 billion by 2035, growing at a compound annual growth rate (CAGR) of 5.25% from 2026 to 2035. Asia Pacific held the highest market share in this sector, accounting for 32% in 2025.
For food packaging equipment, the global market size was estimated at USD 22.1 billion in 2024. This market is projected to reach USD 44.1 billion by 2034, demonstrating a CAGR of over 7.3% from 2025 to 2034. The Asia-Pacific region dominated the food packaging equipment market, holding the largest revenue share of 45.28% in 2024.
The global market for automated guided vehicle (AGV) systems is also a substantial addressable market for JBT Marel. This market is expected to grow from USD 6.02 billion in 2025 to USD 6.51 billion in 2026 and is forecast to reach USD 9.63 billion by 2031, exhibiting a CAGR of 8.15% over the 2026-2031 period. Asia Pacific is projected to show the highest CAGR through 2031 and held a market share of 35.5% in 2025.
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Share Repurchases
- JBT Corporation authorized a new share repurchase plan of up to $30 million of its common stock, effective January 1, 2022, through December 31, 2024.
- The previous share repurchase plan expired on December 31, 2021, with all remaining capacity unutilized.
Share Issuance
- On January 2, 2025, JBT issued 19.5 million shares to Marel shareholders as part of the Marel acquisition, valued at approximately $2,436.3 million.
- JBT Marel's annual basic shares outstanding for 2025 increased by 62.5% to 52 million shares from 32 million in 2024, primarily due to the Marel acquisition.
Outbound Investments
- JBT Corporation completed the voluntary takeover of Marel hf. on January 2, 2025, which included $2,436.3 million in JBT shares and $959.3 million in cash consideration to Marel shareholders, and the settlement of Marel's $867.8 million outstanding debt.
- In July 2021, JBT FoodTech acquired CMS Technology, Inc. (Prevenio), a provider of innovative food safety solutions.
- JBT acquired Urtasun by June 2022, expanding its capabilities in fruit and vegetable processing solutions.
Capital Expenditures
- JBT Marel invested $103.6 million in capital expenditures during 2025.
- For 2026, JBT Marel anticipates capital expenditures to be between $85 million and $95 million.
- In 2021, expected capital expenditures were $90 million to $95 million, including approximately $45 million for capitalized investment in support of the company's digital strategy.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| JBTM | JBT Marel | 36.3% | 31.4x | -17.9% | 10.8% | -21.7% | — |
| SYM | Symbotic | 37.8% | 675.6x | -9.0% | 21.6% | 340.5% | +362pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 20.0% | 107.9% | 197.4% | CDNL 2840% · FIX 2213% · STRL 2157% |
| Marine Transportation | 5 | 63.4% | 63.9% | 165.0% | HOS 47689% · MATX 180% · KEX 165% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.3% | 61.8% | 116.9% | CAT 336% · ALSN 291% · WAB 228% |
| Aerospace & Defense | 55 | -1.5% | 61.3% | 75.2% | ATI 1081% · FTAI 956% · HWM 642% |
| Passenger Ground Transportation | 3 | -15.6% | 50.1% | 54.2% | UBER 81% · CAR 54% · LYFT -68% |
| Rail Transportation | 7 | 32.0% | 70.6% | 47.1% | FSTR 143% · CSX 67% · UNP 54% |
| Industrial Machinery & Supplies & Components ← | 71 | 9.4% | 50.6% | 42.0% | CRS 1417% · PSIX 1021% · EROC 690% |
| Cargo Ground Transportation | 16 | 38.0% | 6.6% | 39.2% | XPO 268% · R 260% · CVLG 228% |
| Trading Companies & Distributors | 19 | 3.5% | 36.0% | 34.2% | DXPE 565% · AIT 293% · WCC 230% |
| Diversified Support Services | 33 | 9.3% | 30.0% | 28.2% | LIME 4271% · TH 410% · WLFC 380% |
| Electrical Components & Equipment | 41 | 21.5% | 56.7% | 26.0% | POWL 2280% · BE 1267% · VRT 1066% |
| Building Products | 33 | -12.6% | 3.5% | 17.1% | LMB 603% · GFF 407% · PPIH 293% |
| Agricultural & Farm Machinery | 17 | 16.6% | 5.8% | -4.7% | BLBD 230% · DE 99% · GENC 62% |
| Industrial Conglomerates | 17 | 8.7% | 14.4% | -5.5% | RCMT 606% · CSW 136% · CSL 79% |
| Research & Consulting Services | 13 | -11.2% | -23.2% | -11.4% | HURN 200% · GRNQ 151% · CRAI 96% |
| Environmental & Facilities Services | 29 | -9.1% | 28.8% | -11.8% | CECO 1002% · ADUR 410% · NVRI 376% |
| Data Processing & Outsourced Services | 6 | -33.3% | -14.8% | -26.6% | EXLS 45% · BR 9% · G -26% |
| Office Services & Supplies | 9 | 12.1% | 27.7% | -27.6% | PBI 188% · TILE 152% · HNI 58% |
| Passenger Airlines | 11 | 0.1% | -1.0% | -30.0% | LTM 3212% · UAL 132% · SKYW 110% |
| Air Freight & Logistics | 12 | -10.6% | -23.2% | -37.8% | CHRW 94% · FDX 67% · EXPD 60% |
| Human Resource & Employment Services | 22 | 4.8% | -20.7% | -38.2% | BBSI 78% · ADP 47% · PAYX 23% |
| Security & Alarm Services | 10 | -36.0% | 8.4% | -39.2% | CIX 154% · MG 105% · NL 57% |
| Airport Services | 3 | -67.9% | -77.9% | -57.1% | JOBY -27% · ASLE -57% · UP -100% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| JBT Marel Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 | |
| JBTM Dip Buy Analysis | 07/10/2025 | |
| JBT Marel (JBTM) Valuation Ratios Comparison | 05/15/2025 | |
| JBT Marel Total Shareholder Return (TSR): 28.6% in 2024 and ...% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| Now Is Not The Time To Buy JBT Marel Stock | 02/28/2025 | |
| JBT Marel (JBTM) Operating Cash Flow Comparison | 02/17/2025 | |
| JBT Marel (JBTM) Net Income Comparison | 02/15/2025 | |
| JBT Marel (JBTM) Operating Income Comparison | 02/15/2025 | |
| JBT Marel (JBTM) Revenue Comparison | 02/13/2025 | |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 174.12 |
| Mkt Cap | 18.6 |
| Rev LTM | 6,280 |
| Op Inc LTM | 1,036 |
| FCF LTM | 903 |
| FCF 3Y Avg | 767 |
| CFO LTM | 1,073 |
| CFO 3Y Avg | 903 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 2.1% |
| Rev Chg Q | 6.5% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 8.7% |
| Op Inc Chg 3Y Avg | 4.6% |
| Op Mgn LTM | 17.9% |
| Op Mgn 3Y Avg | 16.7% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 17.9% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 15.5% |
| FCF/Rev 3Y Avg | 14.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Prepared Food and Beverage Solutions | 2,082 | 1,547 | 1,477 | ||
| Protein Solutions | 1,716 | 169 | 188 | ||
| Non-recurring | 839 | ||||
| Recurring | 751 | ||||
| FoodTech | 1,401 | ||||
| Total | 3,798 | 1,716 | 1,664 | 1,590 | 1,401 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Prepared Food and Beverage Solutions | 359 | 301 | 278 | ||
| Protein Solutions | 345 | 58 | 58 | ||
| Restructuring related costs | -31 | -1 | -11 | ||
| Corporate expense | -103 | -64 | -62 | -80 | -54 |
| M&A related costs | -114 | -86 | -6 | ||
| Depreciation and amortization | -266 | -89 | -91 | ||
| AeroTech | 44 | 33 | |||
| FoodTech | 212 | 187 | |||
| Restructuring expense | -7 | -6 | |||
| Total | 189 | 118 | 165 | 168 | 160 |
| $ Mil | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| FoodTech | 2,130 | 1,731 | 1,469 | 1,528 | 1,172 |
| AeroTech | 334 | 285 | 291 | 350 | 245 |
| Corporate | 120 | 125 | 46 | 36 | 25 |
| Total | 2,584 | 2,141 | 1,806 | 1,915 | 1,442 |
Price Behavior
| Market Price | $115.96 | |
| Market Cap ($ Bil) | 6.0 | |
| First Trading Date | 07/22/2008 | |
| Distance from 52W High | -31.0% | |
| 50 Days | 200 Days | |
| DMA Price | $129.06 | $138.19 |
| DMA Trend | down | down |
| Distance from DMA | -10.1% | -16.1% |
| 3M | 1YR | |
| Volatility | 37.5% | 38.5% |
| Downside Capture | 117.37 | 132.10 |
| Upside Capture | 67.25 | 82.22 |
| Correlation (SPY) | 21.7% | 34.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.41 | 0.07 | 0.58 | 1.17 | 1.05 | 1.07 |
| Up Beta | -2.39 | -2.17 | -0.31 | 0.96 | 1.16 | 1.04 |
| Down Beta | -0.67 | 0.97 | 0.94 | 1.05 | 0.90 | 1.02 |
| Up Capture | -63% | -15% | 39% | 79% | 74% | 100% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 17 | 27 | 56 | 111 | 358 |
| Down Capture | 324% | 184% | 113% | 159% | 120% | 105% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 25 | 36 | 70 | 139 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBTM | |
|---|---|---|---|---|
| JBTM | -17.9% | 38.4% | -0.43 | - |
| Sector ETF (XLI) | 16.8% | 17.1% | 0.74 | 43.9% |
| Equity (SPY) | 19.4% | 12.8% | 1.11 | 35.0% |
| Gold (GLD) | 20.8% | 29.2% | 0.65 | 7.4% |
| Commodities (DBC) | 45.0% | 20.4% | 1.72 | -26.5% |
| Real Estate (VNQ) | 7.8% | 13.6% | 0.30 | 27.1% |
| Bitcoin (BTCUSD) | -28.1% | 43.9% | -0.63 | 9.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBTM | |
|---|---|---|---|---|
| JBTM | -4.2% | 38.6% | -0.02 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 58.3% |
| Equity (SPY) | 12.6% | 17.2% | 0.56 | 53.5% |
| Gold (GLD) | 18.8% | 18.8% | 0.81 | 3.3% |
| Commodities (DBC) | 10.6% | 19.5% | 0.42 | 5.4% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 45.4% |
| Bitcoin (BTCUSD) | 11.1% | 52.6% | 0.39 | 21.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with JBTM | |
|---|---|---|---|---|
| JBTM | 5.7% | 41.9% | 0.27 | - |
| Sector ETF (XLI) | 13.4% | 20.1% | 0.59 | 64.0% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 56.6% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 0.7% |
| Commodities (DBC) | 7.9% | 18.1% | 0.36 | 15.7% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 49.6% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 12.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | -6.9% | -13.9% | -18.1% |
| 5/4/2026 | 12.8% | 13.3% | 8.8% |
| 2/23/2026 | 0.3% | -5.5% | -22.4% |
| 11/3/2025 | 11.1% | 14.1% | 13.3% |
| 8/5/2025 | -2.6% | 0.8% | 1.5% |
| 5/5/2025 | -4.3% | 4.9% | 9.2% |
| 2/24/2025 | 15.3% | 10.2% | 9.0% |
| 10/22/2024 | 17.7% | 20.5% | 24.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 12 |
| # Negative | 8 | 8 | 11 |
| Median Positive | 3.1% | 8.1% | 10.0% |
| Median Negative | -5.4% | -6.5% | -7.7% |
| Max Positive | 17.7% | 20.5% | 35.5% |
| Max Negative | -19.4% | -15.9% | -22.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | -6.9% | -13.9% | -18.1% |
| 5/4/2026 | 12.8% | 13.3% | 8.8% |
| 2/23/2026 | 0.3% | -5.5% | -22.4% |
| 11/3/2025 | 11.1% | 14.1% | 13.3% |
| 8/5/2025 | -2.6% | 0.8% | 1.5% |
| 5/5/2025 | -4.3% | 4.9% | 9.2% |
| 2/24/2025 | 15.3% | 10.2% | 9.0% |
| 10/22/2024 | 17.7% | 20.5% | 24.4% |
| 7/30/2024 | 1.8% | -7.4% | -8.4% |
| 5/1/2024 | 1.7% | 3.3% | 7.6% |
| 2/20/2024 | -5.4% | -0.9% | -2.9% |
| 10/24/2023 | 10.0% | 8.1% | 10.9% |
| 8/1/2023 | -5.0% | -7.9% | -8.7% |
| 4/25/2023 | 2.6% | 4.1% | -0.2% |
| 2/21/2023 | -5.5% | -1.6% | -6.5% |
| 10/26/2022 | -5.7% | -5.7% | -2.5% |
| 4/26/2022 | 11.0% | 18.4% | 13.6% |
| 2/22/2022 | -19.4% | -15.9% | -10.3% |
| 10/27/2021 | 2.7% | 7.4% | 11.4% |
| 7/27/2021 | 1.9% | 8.5% | 3.5% |
| 4/26/2021 | 3.1% | 3.2% | -7.7% |
| 2/22/2021 | 4.9% | 11.3% | -3.0% |
| 10/27/2020 | 1.2% | 4.2% | 35.5% |
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 12 |
| # Negative | 8 | 8 | 11 |
| Median Positive | 3.1% | 8.1% | 10.0% |
| Median Negative | -5.4% | -6.5% | -7.7% |
| Max Positive | 17.7% | 20.5% | 35.5% |
| Max Negative | -19.4% | -15.9% | -22.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/4/2026Latest: Q2 2026 Earnings Reported 8/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 3.99 Bil | 4.03 Bil | 4.07 Bil | 0 | Affirmed | Guidance: 4.03 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 5.0% | 6.0% | 7.0% | 0 | Affirmed | Guidance: 6.0% for 2026 | |
| 2026 Adjusted EBITDA margin | Reported | 17.0% | 17.25% | 17.5% | 0 | Affirmed | Guidance: 17.25% for 2026 | |
| 2026 Net income margin | Reported | 5.5% | 5.75% | 6.0% | -0.6% | Lowered | Guidance: 6.35% for 2026 | |
| 2026 GAAP diluted EPS | Reported | 4.2 | 4.45 | 4.7 | -9.6% | Lowered | Guidance: 4.92 for 2026 | |
| 2026 Adjusted EPS | Reported | 7.85 | 8.1 | 8.35 | -1.8% | Lowered | Guidance: 8.25 for 2026 | |
Prior: Q1 2026 Earnings Reported 5/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 3.99 Bil | 4.03 Bil | 4.07 Bil | 0 | Affirmed | Guidance: 4.03 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 5.0% | 6.0% | 7.0% | 0 | Affirmed | Guidance: 6.0% for 2026 | |
| 2026 Adjusted EBITDA margin | Reported | 17.0% | 17.25% | 17.5% | 0 | Affirmed | Guidance: 17.25% for 2026 | |
| 2026 Net income margin | Reported | 6.1% | 6.35% | 6.6% | ||||
| 2026 GAAP diluted EPS | Reported | 4.7 | 4.92 | 5.15 | 0 | Affirmed | Guidance: 4.92 for 2026 | |
| 2026 Adjusted EPS | Reported | 8 | 8.25 | 8.5 | 0 | Affirmed | Guidance: 8.25 for 2026 | |
Q4 2025 Earnings Reported 2/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Synergy Savings | Reported | 60.00 Mil | 41.2% | Higher New | Actual: 42.50 Mil for 2025 | |||
| 2026 Revenue | Reported | 3.99 Bil | 4.03 Bil | 4.07 Bil | 6.7% | Higher New | Actual: 3.77 Bil for 2025 | |
| 2026 Revenue Growth | Reported | 5.0% | 6.0% | 7.0% | ||||
| 2026 Adjusted EBITDA margin | Reported | 17.0% | 17.25% | 17.5% | 1.4% | Higher New | Actual: 15.88% for 2025 | |
| 2026 GAAP EPS | Reported | 4.7 | 4.92 | 5.15 | Higher New | Actual: -0.9 for 2025 | ||
| 2026 Adjusted EPS | Reported | 8 | 8.25 | 8.5 | 32.0% | Higher New | Actual: 6.25 for 2025 | |
Q3 2025 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Synergy Savings | Reported | 40.00 Mil | 42.50 Mil | 45.00 Mil | 13.3% | Raised | Guidance: 37.50 Mil for 2025 | |
| 2025 Revenue | Reported | 3.76 Bil | 3.77 Bil | 3.79 Bil | 2.0% | Raised | Guidance: 3.70 Bil for 2025 | |
| 2025 Adjusted EBITDA margin | Reported | 15.75% | 15.88% | 16.0% | 0.2% | Raised | Guidance: 15.63% for 2025 | |
| 2025 GAAP EPS | Reported | -1.05 | -0.9 | -0.75 | -41.9% | Raised | Guidance: -1.55 for 2025 | |
| 2025 Adjusted EPS | Reported | 6.1 | 6.25 | 6.4 | 7.8% | Raised | Guidance: 5.8 for 2025 | |
Insider Activity
Updated 7/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Deck, Brian A | CEO | Direct | Sell | 3042026 | 150.51 | 8,634 | 1,299,503 | 19,215,160 | Form |
| 2 | Deck, Brian A | CEO | Direct | Sell | 3042026 | 151.39 | 10,000 | 1,513,900 | 20,634,608 | Form |
| 3 | Gudmundsson, Olafur S | Direct | Sell | 12112025 | 150.09 | 10,000 | 1,500,900 | 1,497,898 | Form | |
| 4 | Gudmundsson, Olafur S | Direct | Sell | 12012025 | 141.79 | 20,000 | 2,835,894 | 2,833,058 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Deck, Brian A | CEO | Direct | Sell | 3042026 | 150.51 | 8,634 | 1,299,503 | 19,215,160 | Form |
| 2 | Deck, Brian A | CEO | Direct | Sell | 3042026 | 151.39 | 10,000 | 1,513,900 | 20,634,608 | Form |
| 3 | Gudmundsson, Olafur S | Direct | Sell | 12112025 | 150.09 | 10,000 | 1,500,900 | 1,497,898 | Form | |
| 4 | Gudmundsson, Olafur S | Direct | Sell | 12012025 | 141.79 | 20,000 | 2,835,894 | 2,833,058 | Form |
Investor Activity (13F)
Updated Sep 9, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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