JBTM · NYSE · Industrial - Machinery

JBT Marel (JBTM)

Integrated processing equipment, software and lifecycle services for food and beverage producers.

$112.60
After hours−0.74 (−0.65%)
At close$113.34(+2.55%)
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JBT Marel CorporationJBTM
Industrials

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

CEOBrian A. Deck
ListedAug 1, 2008
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited States
Employees11,500
CIK0001433660
ISINUS4778391049

Market cap$5.75B
EPS (ttm)$3.69
P/E (ttm)29.95
ROE4.3%
P/B1.29
P/S1.47
Dividend yieldDiv yield0.36%
Beta1.04vs XLI 0.87

Price target$157.50+37.9%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026BarclaysInitiate
Rating: Target:
Rating: OverweightTarget: $150
Aug 25, 2026KeyBancInitiate
Rating: Target:
Rating: OverweightTarget: $150
May 21, 2026Seaport GlobalTarget
Target:
Target: $165
May 21, 2026OppenheimerTarget
Target:
Target: $175
Dec 10, 2025JefferiesUpgrade
Rating: HoldTarget:
Rating: BuyTarget: $180

Next report
Nov 2, 26
in 41 days
EPS estimate
$2.09
Revenue estimate
$1.03B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.70$0.97$1.49$1.94$1.98$1.58$1.95Pending
Estimate$1.80$0.82$1.27$1.51$1.92$1.49$2.02$2.09
Surprise−5.6%+18.3%+17.3%+28.5%+3.1%+6.0%−3.5%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$467.6M$854.1M$934.8M$1.00B$1.01B$936.0M$981.0MPending
Estimate$489.1M$885.1M$924.2M$990.6M$993.4M$924.8M$988.4M$1.03B
Surprise−4.4%−3.5%+1.1%+1.1%+1.5%+1.2%−0.8%
Estimate$2.09
ReportedDue Nov 2, 2026
Estimate$1.03B
ReportedDue Nov 2, 2026
View details

Debt to equity37.50%
Current ratio123.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$453.8M$467.6M$854.1M$934.8M$1.00B$1.01B$936.0M$981.0M
Net income$38.9M−$7.0M−$173.0M$3.4M$66.0M$53.1M$45.0M$28.0M
Net margin8.6%0.0%0.0%0.4%6.6%5.3%4.8%2.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$46.8M$15.7M−$33.4M$48.4M$102.1M$72.3M$68.0M$46.0M
YoY growth+26.8%−71.5%Turned loss+80.6%+118.2%+360.5%Turned profit−5.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $112.0M · Total debt $1.68B · Total assets $8.01B · Shareholders' equity $4.47B

Revenue
$981.0M
Operating income
$46.0M
Net income
$28.0M
View details

Dividend yield
0.36%
Next ex-date
Nov 17, 26
estimated · in 56 days
Annual dividend
$0.40
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25May '25Aug '25Dec '25Mar '26May '26Aug '26
Dividend$0.10$0.10$0.10$0.10$0.10$0.10$0.10$0.10
Annual yield0.33%0.31%0.34%0.29%0.26%0.27%0.30%0.34%
Ex-dateDec 13Mar 10May 27Aug 18Dec 15Mar 9May 26Aug 17
Payment dateDec 27Mar 24Jun 10Sep 2Dec 29Mar 23Jun 9Aug 31
View details

Insiders1.04%540.6K shares
22 holders · as of Jul 17, 2026
Strategic holders14.51%7.52M shares
1 holder · as of Jan 21, 2026
Other84.45%43.81M shares
remainder

51.88M company shares as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Strategic
14.51%7.52Mfiled Jan 21, 2026
Vanguard Portfolio ManagementInstitution
5.49%2.85Mfiled Apr 29, 2026
T. Rowe Price Associates, Inc.Institution
5.30%2.75Mfiled May 15, 2026
Vanguard Capital ManagementInstitution
5.26%2.73Mfiled Apr 30, 2026
Brian A. DeckInsiderdirector, officer: CEO
0.25%127,667filed Mar 4, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 3, 2026Brian A. Deckdirector, officer: CEO−8,634$150.51
Mar 2, 2026Brian A. Deckdirector, officer: CEO−10,000$151.39
Dec 10, 2025Olafur S. Gudmundssondirector−10,000$150.09
Nov 26, 2025Olafur S. Gudmundssondirector−20,000$141.79
View details

  • Middleby

    Protein, bakery, thermal and packaging equipment peer

  • Mettler-Toledo

    Inline inspection, weighing, and quality-control software overlap

CompareAfter hours

CompanyPriceChange
JBT Marel$112.60−0.65%$5.75B30.013.31.5+4.9%
Middleby$112.79+0.04%$5.03B15.51.4−35.5%
Mettler-Toledo$1,490.76−0.05%$28.91B32.230.17.0+4.5%
Median32.222.84.2−15.5%