JBT Marel (JBTM)
NYSE:JBTM
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JBT Marel
(NYSE:JBTM)
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Rating:58Neutral
Price Target:
$121.00
▼(-8.49% Downside)
Action:ReiteratedDate:05/05/26
The score is held back primarily by weak technical trend (price below major moving averages and bearish MACD) and mixed financial performance (2025 net loss and margin compression despite revenue growth and a much stronger balance sheet). Offsetting this, the latest earnings call was constructive with reaffirmed 2026 guidance, strong order momentum, and improving margin/FCF outlook, while valuation looks demanding at ~37x earnings with a low dividend yield.
Positive Factors
Deleveraged balance sheet
A materially lower debt-to-equity provides durable financial flexibility: reduced refinancing risk, greater capacity for capex or tuck-in M&A, and a stronger buffer against cyclical demand swings in food processing capital spending. This de-risking supports multi-year strategy execution and funding of integration.
Negative Factors
2025 profitability deterioration
A sharp margin and earnings swing highlights weaker earnings quality and elevated below-the-line charges. If such profitability erosion persists it can impair retained earnings, constrain reinvestment and slow deleveraging, making margin recovery dependent on successful execution of integration and cost actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraged balance sheet
A materially lower debt-to-equity provides durable financial flexibility: reduced refinancing risk, greater capacity for capex or tuck-in M&A, and a stronger buffer against cyclical demand swings in food processing capital spending. This de-risking supports multi-year strategy execution and funding of integration.
Read all positive factors
JBT Marel (JBTM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.06B
Dividend Yield0.26%
Average Volume (3M)483.08K
Price to Earnings (P/E)37.1
Beta (1Y)0.75
Revenue Growth78.14%
EPS GrowthN/A
CountryUS
Employees11,700
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.98
Shares Outstanding52,050,110
10 Day Avg. Volume609,523
30 Day Avg. Volume483,077
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)1.76
Price to Sales (P/S)2.06
P/FCF Ratio32.91
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue1.65
Enterprise Value/Gross Profit4.69
Enterprise Value/Ebitda20.74
Forecast
1Y Price Target
$160.00Price Target Upside21.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)8.21
Revenue Forecast (FY)$4.02B
JBT Marel Business Overview & Revenue Model
Company Description
JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, inj...
How the Company Makes Money
JBTM primarily makes money by selling capital equipment and integrated systems used in food and beverage production, and by earning recurring revenue from aftermarket products and services that keep installed equipment running. Key revenue streams...
JBT Marel Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed strong commercial momentum, margin expansion and cash generation led by robust poultry demand and successful integration synergies, supported by clear multi-year targets under the NextGen strategy. Key near-term weaknesses centered on Prepared Food & Beverage, notably warehouse automation underperformance and tariff-related cost pressure. Management maintained full-year guidance and expects sequential recovery in weaker areas, with continued deleveraging and strong order intake underpinning confidence.Positive Updates
Strong Order Momentum
Orders exceeded $1 billion for the second consecutive quarter, a year-over-year increase of 17%, with double-digit order growth across both Protein Solutions and Prepared Food & Beverage segments and broad-based geographic strength (sequential increases in Europe, North America and Latin America).
Negative Updates
Prepared Food & Beverage Revenue Stagnation
Prepared Food & Beverage segment revenue was $476 million and effectively flat year-over-year (included ~4% FX benefit); softness in CPG end markets in 2025 contributed to lower organic volume.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Order Momentum
Orders exceeded $1 billion for the second consecutive quarter, a year-over-year increase of 17%, with double-digit order growth across both Protein Solutions and Prepared Food & Beverage segments and broad-based geographic strength (sequential increases in Europe, North America and Latin America).
Read all positive updates
Company Guidance
JBT Marel is reaffirming its full‑year 2026 guidance after a strong Q1 (revenue $936M, +10% YoY; organic +4%, FX +6%; adjusted EBITDA $142M, margin 15.2% up 210 bps; free cash flow $100M, FCF conversion 70%; orders >$1B, +17% YoY), with full‑year revenue growth at the midpoint of 6%, expected adjusted EBITDA margin expansion of 145 bps at the midpoint, and adjusted EPS improvement of 29% at the midpoint; Q2 revenue is guided to $975M–$1.0B with an adjusted EBITDA margin of 17.0%–17.5%; balance‑sheet and cash targets include reducing leverage from 2.6x at Q1 to ~2.0x by year‑end, and tariff assumptions leave a 25–50 bps headwind to full‑year results (no IEEPA refunds assumed); longer‑term NextGen targets call for 2026–2028 organic revenue CAGR of 5–7% and a 20% adjusted EBITDA margin in 2028.JBT Marel Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.80B | 1.72B | 1.66B | 1.59B | 1.40B |
| Gross Profit | 1.33B | 626.50M | 585.70M | 529.40M | 482.10M |
| EBITDA | 301.60M | 204.20M | 268.70M | 212.50M | 202.80M |
| Net Income | -50.50M | 85.40M | 582.60M | 137.40M | 119.10M |
Balance Sheet | |||||
| Total Assets | 8.20B | 3.41B | 2.71B | 2.64B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 186.50M | 1.23B | 483.30M | 71.70M | 78.80M |
| Total Debt | 1.88B | 1.25B | 646.40M | 977.90M | 674.40M |
| Total Liabilities | 3.73B | 1.87B | 1.22B | 1.74B | 1.39B |
| Stockholders Equity | 4.46B | 1.54B | 1.49B | 905.40M | 750.20M |
Cash Flow | |||||
| Free Cash Flow | 238.10M | 195.70M | -15.50M | 57.70M | 172.10M |
| Operating Cash Flow | 341.70M | 233.60M | 39.60M | 142.30M | 223.80M |
| Investing Cash Flow | -1.84B | -41.30M | 725.90M | -416.10M | -272.90M |
| Financing Cash Flow | 458.10M | 561.80M | -354.10M | 270.60M | 80.80M |
JBT Marel Technical Analysis
Neutral
132.23
Price Trends
143.06
Negative
147.56
Negative
141.93
Negative
Market Momentum
-2.77
Negative
49.09
Neutral
68.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBTM, the sentiment is Neutral. The current price of 132.23 is above the 20-day moving average (MA) of 128.20, below the 50-day MA of 143.06, and below the 200-day MA of 141.93, indicating a neutral trend. The MACD of -2.77 indicates Negative momentum. The RSI at 49.09 is Neutral, neither overbought nor oversold. The STOCH value of 68.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $10.07B | 37.82 | 13.29% | ― | 17.39% | 20.78% | |
65 Neutral | $9.00B | 28.68 | 15.93% | 1.17% | 0.83% | 26.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $6.26B | 23.50 | 7.69% | ― | 1.58% | 15.61% | |
61 Neutral | $5.05B | -334.43 | 1.43% | ― | 12.73% | ― | |
58 Neutral | $6.06B | 37.08 | -1.16% | 0.26% | 78.14% | ― | |
55 Neutral | $6.40B | 50.91 | -8.50% | ― | -3.67% | -171.21% |
* Industrials Sector Average
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JBT Marel Corporate Events
Business Operations and StrategyFinancial Disclosures
JBT Marel Highlights Growth Strategy at Investor Day
Positive
Mar 26, 2026
On March 26, 2026, JBT Marel held an Investor Day in New York City, presenting its strategic priorities, financial profile, and integration plans to investors and market professionals. The event highlighted management’s focus on leveraging i...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
JBT Marel Implements New Segment Reporting After Integration
Positive
Feb 18, 2026
On February 18, 2026, JBT Marel said that a previously announced realignment of its reportable segments took effect for the fourth quarter of 2025, following its January 2, 2025 acquisition of Marel hf., consolidating legacy JBT and Marel operatio...
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.