JBTM JBT MAREL Corp

Overview and Growth

In fiscal 2025, JBT MAREL Corp recorded $3.80B of revenue, net loss of $50.50M, and an operating cash inflow of $341.70M. At $3.80B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $1.72B in fiscal 2024, revenue recorded a 121.3% year-over-year increase. Diluted earnings per share were -$0.98, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $2.65 in fiscal 2024, the current result was 137.0% lower. Revenue equaled 0.46x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $1.33B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 35.1% of revenue, showing how much of the top line remained after direct costs. Operations produced $189.40M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 5.0%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was a net loss of $50.50M after operating, financing, tax, and other recognized items. Net margin was -1.3%, reflecting a loss equal to 1.3% of reported revenue. The pretax result was a loss of $62.40M, establishing the deficit before tax effects. The pretax loss equaled 1.6% of revenue, measuring the pre-tax deficit against sales. The reported tax benefit was $13.10M, favorably bridging the pretax and after-tax results. The net loss equaled 1.1% of period-end equity, showing the deficit relative to book capital. The net loss equaled 0.6% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

Total assets were $8.19B, supported by $3.73B of liabilities and $4.46B of shareholder equity. At period end, current assets of $1.58B compared with current liabilities of $1.62B, defining the company’s short-term resource position. Current assets covered only 0.98x of current liabilities, so current liabilities exceeded current assets at period end. The company held $167.90M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 10.4%, excluding receivables and other current assets. Borrowings totaled $1.88B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.42x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 23.0%, showing how much of the asset base was matched by borrowing. Liabilities represented 45.5% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 2.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 139.9% from $3.41B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 189.1% from $1.54B in fiscal 2024, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

The company reported $341.70M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $103.60M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 30.3%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $238.10M, leaving a positive amount after capital expenditures. Free cash flow represented 6.3% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 2.9%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.