JBTMarel (JBTM) financial statements
JBTMarel reported revenue of $3.8B in fiscal 2025, up 12.2% a year over 9 years.
Net income was -$50M and the operating margin 5.0%, against 7.5% in 2016.
Free cash flow was $238M, and the company returned $21M in dividends.
The diluted share count rose 74% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JBTMarel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | $1.9B | $1.9B | $1.7B | $1.4B | $1.6B | $1.7B | $1.7B | $3.8B |
| Cost of revenue | $804M | $961M | $1.4B | — | — | — | $1.1B | $1.1B | $1.1B | $2.5B |
| Gross profit | $158M | $190M | $234M | $264M | $224M | $220M | $255M | $586M | $626M | $1.3B |
| Research and development | $24M | $29M | $27M | $28M | $29M | $22M | $23M | $20M | $21M | $116M |
| Selling, general and admin | $267M | $325M | $347M | $396M | $358M | $351M | $390M | $410M | — | — |
| Operating income | $101M | $144M | $144M | $188M | $163M | $126M | $133M | $165M | $118M | $189M |
| Interest expense | $9M | $14M | $14M | $19M | $14M | $11M | $16M | $24M | $19M | $114M |
| Pre-tax income | $94M | $132M | $129M | $167M | $146M | $153M | $154M | $153M | $95M | -$62M |
| Income tax | $26M | $50M | $25M | $38M | $37M | $27M | $16M | $24M | $11M | -$13M |
| Net income | $68M | $80M | $104M | $129M | $109M | $119M | $137M | $583M | $85M | -$50M |
| EPS (diluted) | $2.27 | $2.53 | $3.23 | $4.02 | $3.39 | $3.71 | $4.28 | $18.13 | $2.65 | -$0.98 |
| Diluted shares | 30M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 52M |
| Gross margin | 11.7% | 11.6% | 12.2% | 13.5% | 12.9% | 15.7% | 16.0% | 35.2% | 36.5% | 35.1% |
| 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% |
Balance sheet
Fiscal years, from JBTMarel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $33M | $34M | $43M | $40M | $48M | $79M | $72M | $483M | $1.2B | $168M |
| Receivables | $260M | $226M | $253M | $289M | $236M | $239M | $200M | $214M | $240M | $443M |
| Inventory | $140M | $190M | $206M | $245M | $197M | $229M | $264M | $239M | $233M | $644M |
| Total current assets | $485M | $589M | $618M | $708M | $616M | $719M | $926M | $1.1B | $1.9B | $1.6B |
| Property, plant and equipment | $210M | $233M | $240M | $266M | $268M | $268M | $245M | $248M | $234M | $793M |
| Goodwill | $240M | $302M | $321M | $529M | $544M | $647M | $770M | $780M | $769M | $3.4B |
| Total assets | $1.2B | $1.4B | $1.4B | $1.9B | $1.8B | $2.1B | $2.6B | $2.7B | $3.4B | $8.2B |
| Total current liabilities | $393M | $441M | $485M | $474M | $458M | $550M | $624M | $484M | $536M | $1.6B |
| Long-term debt | $492M | $373M | $387M | $698M | $522M | $674M | $977M | $646M | $1.3B | $1.5B |
| Total liabilities | $1.0B | $950M | $986M | $1.3B | $1.2B | $1.4B | $1.7B | $1.2B | $1.9B | $3.7B |
| Shareholders' equity | $180M | $442M | $457M | $570M | $637M | $750M | $905M | $1.5B | $1.5B | $4.5B |
| Net debt | $466M | $349M | $345M | $660M | $477M | $596M | $906M | $163M | $24M | $1.7B |
Cash flow
Fiscal years, from JBTMarel's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $67M | $105M | $154M | $110M | $252M | $226M | $142M | $74M | $233M | $342M |
| Capital spending | $37M | $38M | $40M | $38M | $34M | $52M | $85M | $55M | $38M | $104M |
| Free cash flow | $30M | $67M | $114M | $72M | $218M | $174M | $58M | $19M | $195M | $238M |
| Stock-based compensation | $10M | $9M | $10M | $9M | $2M | $6M | $9M | $11M | $15M | $23M |
| Dividends paid | $12M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $21M |
| Share buybacks (net) | -$4M | -$5M | -$20M | $0 | $0 | $0 | -$8M | -$5M | $0 | $0 |
| Net borrowing | $148M | -$2M | $300,000 | $400,000 | $2M | — | — | $0 | $0 | -$7M |
| Free cash flow margin | 2.2% | 4.1% | 5.9% | 3.7% | 12.6% | 12.4% | 3.6% | 1.1% | 11.3% | 6.3% |
| Dividends per share | $0.40 | $0.40 | $0.41 | $0.40 | $0.40 | $0.40 | $0.41 | $0.40 | $0.41 | $0.40 |
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Open JBTM in InvestinglyQuestions
What was JBTMarel's revenue in 2025?
$3.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does JBTMarel generate?
$238M in fiscal 2025 (operating cash flow minus capital spending).
From JBTMarel's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.