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JBT Marel
(NYSE:JBTM)
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Rating:61Neutral
Price Target:
$129.00
▼(-5.94% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by improving financial performance (earnings rebound and manageable leverage) and a constructive earnings-call outlook (maintained guidance, record backlog, and planned cost savings). This is tempered by weak technicals (price below major moving averages with negative MACD) and a demanding valuation (high P/E with low dividend yield), which together raise the hurdle for sustained upside.
Positive Factors
Strong demand and backlog visibility
Sustained order growth and a record backlog improve revenue visibility and support capacity planning. The combined JBT Marel portfolio also appears to be strengthening demand through integrated solutions and cross-selling.
Negative Factors
Modest margins and volatile earnings quality
Despite the recent rebound, modest net profitability leaves limited protection against cost inflation, execution setbacks or softer demand. The uneven earnings history also makes the durability of the current margin improvement less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong demand and backlog visibility
Sustained order growth and a record backlog improve revenue visibility and support capacity planning. The combined JBT Marel portfolio also appears to be strengthening demand through integrated solutions and cross-selling.
Read all positive factors
JBT Marel (JBTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.97B
Dividend Yield0.34%
Average Volume (3M)483.08K
Price to Earnings (P/E)31.1
Beta (1Y)0.81
Revenue Growth45.00%
EPS GrowthN/A
CountryUS
Employees11,500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.70
Shares Outstanding51,876,816
10 Day Avg. Volume609,523
30 Day Avg. Volume483,077
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)1.76
Price to Sales (P/S)2.06
P/FCF Ratio32.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$171.00Price Target Upside24.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)8.07
Revenue Forecast (FY)$4.02B
JBT Marel Business Overview & Revenue Model
Company Description
Headquartered in Chicago, Illinois, and established in 1994, JBT Marel Corporation offers sophisticated technological solutions to the global food and beverage industries, with operations spanning North America, Europe, the Middle East, Africa, th...
How the Company Makes Money
JBTM primarily makes money by selling engineered equipment and integrated systems to food and beverage manufacturers, typically on a project or order basis that can include system design, fabrication, installation, and commissioning. A significant...
JBT Marel Earnings Call Summary
Earnings Call Date:Aug 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 02, 2026
Earnings Call Sentiment Positive
The call emphasized strong demand, record backlog and material progress on synergies and footprint optimization, with solid cash generation and protein-led revenue growth. However, short-term execution challenges — notably in Prepared Food & Beverage equipment shipments, logistics and costs — caused a Q2 revenue/margin shortfall and required restructuring actions (AGV and facility moves) that will create temporary disruption. Management expects these actions to improve margins and efficiency into the back half of 2026 and through 2027, maintaining full-year guidance while projecting meaningful future savings and a path to higher adjusted EBITDA margins by 2028.Positive Updates
Orders Growth and Scale
Orders increased 10% year-over-year and marked the third consecutive quarter with orders exceeding $1 billion, underscoring strong demand and the strategic benefits of the JBT Marel combination.
Negative Updates
Prepared Food & Beverage (PFB) Q2 Shortfall
PFB segment revenue was flat year-over-year and equipment revenue fell short of expectations due to logistics constraints and production inefficiencies from manufacturing footprint optimization; management estimates ~ $20 million of revenue was delayed from Q2 into the back half.
Read all updates
Q2-2026 Updates
Positive
Negative
Orders Growth and Scale
Orders increased 10% year-over-year and marked the third consecutive quarter with orders exceeding $1 billion, underscoring strong demand and the strategic benefits of the JBT Marel combination.
Read all positive updates
Company Guidance
Management guided Q3 2026 to 2–4% organic revenue growth (partially offset by ~1% FX) and adjusted EBITDA margins of 17.0–17.5%, and maintained full‑year 2026 guidance (midpoint implying ~6% consolidated revenue growth and a 145‑bp expansion in adjusted EBITDA margin), citing record backlog with visibility to >90% of back‑half equipment revenue and an expected steeper Q4 ramp versus Q3. They said about $20M of Q2 revenue was delayed into the back half (roughly a $5–6M EBITDA impact assuming ~25–30% flow‑through), expect PFB margins to improve ~25–50 bps in Q3 and another ~100 bps into Q4, and highlighted cost actions supporting the outlook: AGV restructuring (~$9M annual savings, including ~$3M in H2 2026) and footprint optimization (≈1.3M sq ft / ~15% reduction delivering $25–30M annualized savings by 2028, with $4–5M embedded in 2026); they also refined adjusted‑EPS assumptions and reiterated a 20% adjusted EBITDA margin target for 2028.JBT Marel Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.93B | 3.80B | 1.72B | 1.66B | 1.59B | 1.40B |
| Gross Profit | 1.40B | 1.33B | 626.50M | 585.70M | 529.40M | 482.10M |
| EBITDA | 544.20M | 301.60M | 204.20M | 268.70M | 212.50M | 202.80M |
| Net Income | 192.10M | -50.50M | 85.40M | 582.60M | 137.40M | 119.10M |
Balance Sheet | ||||||
| Total Assets | 8.01B | 8.20B | 3.41B | 2.71B | 2.64B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 112.00M | 186.50M | 1.23B | 483.30M | 71.70M | 78.80M |
| Total Debt | 1.68B | 1.88B | 1.25B | 646.40M | 977.90M | 674.40M |
| Total Liabilities | 3.53B | 3.73B | 1.87B | 1.22B | 1.74B | 1.39B |
| Stockholders Equity | 4.47B | 4.46B | 1.54B | 1.49B | 905.40M | 750.20M |
Cash Flow | ||||||
| Free Cash Flow | 310.00M | 238.10M | 195.70M | -15.50M | 57.70M | 172.10M |
| Operating Cash Flow | 426.10M | 341.70M | 233.60M | 39.60M | 142.30M | 223.80M |
| Investing Cash Flow | -80.60M | -1.84B | -41.30M | 725.90M | -416.10M | -272.90M |
| Financing Cash Flow | -363.70M | 458.10M | 561.80M | -354.10M | 270.60M | 80.80M |
JBT Marel Technical Analysis
Negative
137.14
Price Trends
131.75
Negative
129.99
Negative
139.14
Negative
Market Momentum
-5.01
Positive
39.33
Neutral
36.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBTM, the sentiment is Negative. The current price of 137.14 is above the 20-day moving average (MA) of 123.80, above the 50-day MA of 131.75, and below the 200-day MA of 139.14, indicating a bearish trend. The MACD of -5.01 indicates Positive momentum. The RSI at 39.33 is Neutral, neither overbought nor oversold. The STOCH value of 36.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JBTM.
JBT Marel Risk Analysis
JBT Marel disclosed 45 risk factors in its most recent earnings report. JBT Marel reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
JBT Marel Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $6.59B | 18.20 | 10.71% | ― | 3.34% | 80.30% | |
72 Outperform | $10.23B | 27.94 | 16.63% | 1.19% | -0.26% | 29.38% | |
69 Neutral | $10.06B | 35.68 | 12.37% | ― | 20.63% | 27.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $5.97B | 31.10 | 4.31% | 0.29% | 45.00% | ― | |
59 Neutral | $3.66B | 148.59 | 1.33% | ― | 15.68% | 133.41% | |
55 Neutral | $5.21B | -12.43 | -18.30% | ― | -7.22% | -191.27% |
* Industrials Sector Average
JBTM
JBT Marel
117.93
-27.17
-18.72%
FLS
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80.56
26.92
50.19%
SPXC
SPX
200.98
8.93
4.65%
MIDD
The Middleby
113.97
4.36
3.98%
GTES
Gates Industrial
25.96
0.07
0.27%
MIR
Mirion Technologies
14.71
-6.23
-29.75%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.