JBT Marel
Integrated processing equipment, software and lifecycle services for food and beverage producers.
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Profile
Sells integrated processing equipment, software and lifecycle services for protein, prepared-food and beverage producers. A global installed base generates recurring parts and service revenue alongside customized machinery and full production lines, with roughly half of sales recurring.
Designs and services integrated equipment, systems and software across the food-production chain. Protein Solutions handles initial processing and harvesting for poultry, pork, fish and beef; Prepared Food and Beverage Solutions covers downstream preparation, preservation and packaging for foods, beverages and adjacent applications including pet food, pharmaceuticals and warehouse automation.
Combines primary, secondary and further-processing machinery with packaging, automated material handling, AXIN production software, parts, maintenance and application engineering. A large installed base supports recurring service revenue, while facilities and service teams across the Americas, Europe and Asia support customers globally. The business sells both standalone machines and customized full-line projects, with recurring revenue accounting for roughly half of sales. Performance depends on reliable aftermarket response, fixed-price project execution, global supply chains and the continuing integration of Marel.
Company facts
Categories
Key statistics
Year to date −21.5% · Average volume (30d) 607.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | KeyBanc | Initiate | Overweight | $150 | |
| May 21, 2026 | Seaport Global | Target | $165 | ||
| May 21, 2026 | Oppenheimer | Target | $175 | ||
| Dec 10, 2025 | Jefferies | Upgrade | Hold | Buy | $180 |
| Oct 3, 2025 | Robert W. Baird | Target | $169 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $2.02 | $1.95 | −3.5% | $988.4M | $981.0M | −0.8% | −6.88% |
| May 4, 2026Q1 FY26 | $1.49 | $1.58 | +6.0% | $924.8M | $936.0M | +1.2% | +12.75% |
| Feb 23, 2026Q4 FY25 | $1.92 | $1.98 | +3.1% | $993.4M | $1.01B | +1.5% | +0.28% |
| Nov 3, 2025Q3 FY25 | $1.51 | $1.94 | +28.5% | $990.6M | $1.00B | +1.1% | +11.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $854.1M | $934.8M | $1.00B | $1.01B | $936.0M | $981.0M | |
| Gross profit | $292.5M | $334.2M | $359.8M | $348.1M | $329.0M | $359.0M | |
| Operating income | −$33.4M | $48.4M | $102.1M | $72.3M | $68.0M | $46.0M | |
| Net income | −$173.0M | $3.4M | $66.0M | $53.1M | $45.0M | $28.0M | |
| Diluted EPS | −$3.35 | $0.07 | $1.28 | $1.01 | $0.86 | $0.54 | |
| Gross margin | 34.2% | 35.8% | 35.9% | 34.5% | 35.1% | 36.6% | |
| Operating margin | -3.9% | 5.2% | 10.2% | 7.2% | 7.3% | 4.7% |
Fiscal years (4-quarter sums)FY21 $1.87B · FY22 $1.86B · FY23 $1.66B · FY24 $1.72B · FY25 $3.80B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $112.0M · Total debt $1.68B · Total assets $8.01B · Shareholders' equity $4.47B
Dividends
Raised for 16 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 31 | $0.10 | |
| May 26, 2026 | May 26 | Jun 9 | $0.10 | |
| Mar 9, 2026 | Mar 9 | Mar 23 | $0.10 | |
| Dec 15, 2025 | Dec 15 | Dec 29 | $0.10 | |
| Aug 18, 2025 | Aug 18 | Sep 2 | $0.10 | |
| May 27, 2025 | May 27 | Jun 10 | $0.10 | |
| Mar 10, 2025 | Mar 10 | Mar 24 | $0.10 | |
| Dec 13, 2024 | Dec 13 | Dec 27 | $0.10 |
Ownership
Shares outstanding 52.07M · Float 51.53M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.52M | 14.50% | 13G | Jan 21, 2026 |
| Vanguard Portfolio Management | 2.85M | 5.47% | 13G | Apr 29, 2026 |
| T. Rowe Price Associates, Inc. | 2.75M | 5.30% | 13G | May 15, 2026 |
| Vanguard Capital Management | 2.73M | 5.24% | 13G | Apr 30, 2026 |
| Brian A. Deck · director, officer: CEO | 127.7K | 0.25% | Form 4 | Mar 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 3, 2026 | Brian A. Deck | director, officer: CEO | −8,634 | $150.51 |
| Mar 2, 2026 | Brian A. Deck | director, officer: CEO | −10,000 | $151.39 |
| Dec 10, 2025 | Olafur S. Gudmundsson | director | −10,000 | $150.09 |
| Nov 26, 2025 | Olafur S. Gudmundsson | director | −20,000 | $141.79 |
Peers
- Middleby
Protein, bakery, thermal and packaging equipment peer
- Mettler-Toledo
Inline inspection, weighing, and quality-control software overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| JBT Marel | $118.29 | +0.09% | $6.16B | 32.1 | 13.8 | 1.6 | +4.9% |
| Middleby | $112.75 | −0.03% | $5.10B | — | 15.5 | 1.4 | −10.5% |
| Mettler-Toledo | $1,398.58 | +0.05% | $28.26B | 31.4 | 28.2 | 6.8 | +4.5% |
| Median | 31.4 | 21.9 | 4.1 | −3.0% |