JBT Marel CorpJBTMEarnings & Financial Report
JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.
Revenue
$854.1M
Gross Profit
$292.5M
Operating Profit
$-33.4M
Net Profit
$-173.0M
Gross Margin
34.2%
Operating Margin
-3.9%
Net Margin
-20.3%
YoY Growth
117.7%
EPS
$-3.35
JBT Marel Corp Q1 FY2025 Financial Summary
JBT Marel Corp reported revenue of $854.1M (up 117.7% YoY) for Q1 FY2025, with a net profit of $-173.0M (down 858.8% YoY) (-20.3% margin). Cost of goods sold was $561.6M, operating expenses totaled $325.9M.
Key Financial Metrics
| Total Revenue | $854.1M |
|---|---|
| Net Profit | $-173.0M |
| Gross Margin | 34.2% |
| Operating Margin | -3.9% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
JBT Marel Corp Q1 FY2025 revenue of $854.1M breaks down across 3 segments, led by Marel at $445.3M (52.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Marel | $445.3M | 52.1% |
| Recurring | $222.8M | 26.1% |
| Non Recurring | $186.0M | 21.8% |
JBT Marel Corp Revenue by Segment — Quarterly Trend
JBT Marel Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Marel and Recurring) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Marel | — | $1.0B | $934.8M | $445.3M |
| Recurring | — | — | — | $222.8M |
| Non Recurring | — | — | — | $186.0M |
JBT Marel Corp Annual Revenue by Year
JBT Marel Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.8B |
| 2024 | $1.7B |
JBT Marel Corp Quarterly Revenue & Net Profit History
JBT Marel Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.0B | +115.6% | $53.1M | 5.3% |
| Q3 FY2025 | $1.0B | +120.6% | $66.0M | 6.6% |
| Q2 FY2025 | $934.8M | +132.4% | $3.4M | 0.4% |
| Q1 FY2025 | $854.1M | +117.7% | $-173.0M | -20.3% |
| Q4 FY2024 | $467.6M | +54.0% | $-7.0M | -1.5% |
| Q3 FY2024 | $453.8M | +12.4% | $38.9M | 8.6% |
| Q2 FY2024 | $402.3M | -5.9% | $30.7M | 7.6% |
| Q1 FY2024 | $392.3M | -25.9% | $22.8M | 5.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $392.3M | $402.3M | $453.8M | $467.6M | $854.1M | $934.8M | $1.00B | $1.01B |
| YoY Growth | -25.9% | -5.9% | 12.4% | 54.0% | 117.7% | 132.4% | 120.6% | 115.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.69B | $2.69B | $2.79B | $3.41B | $8.00B | $8.25B | $8.20B | $8.19B |
| Liabilities | $1.20B | $1.17B | $1.20B | $1.87B | $3.89B | $3.88B | $3.78B | $3.73B |
| Equity | $1.49B | $1.52B | $1.59B | $1.54B | $4.11B | $4.37B | $4.42B | $4.46B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $10.4M | $21.6M | $71.9M | $128.7M | $34.4M | $102.2M | $87.7M | $117.4M |