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Side-by-side financial comparison of Garmin (GRMN) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($1.8B vs $1.0B, roughly 1.7× JBT Marel Corp). Garmin runs the higher net margin — 23.1% vs 5.3%, a 17.8% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 14.0%). Garmin produced more free cash flow last quarter ($469.4M vs $83.5M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 7.9%).
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
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.
GRMN vs JBTM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.0B |
| Net Profit | $405.1M | $53.1M |
| Gross Margin | 59.4% | 34.5% |
| Operating Margin | 24.6% | 7.2% |
| Net Margin | 23.1% | 5.3% |
| Revenue YoY | 14.0% | 115.6% |
| Net Profit YoY | 21.7% | 858.6% |
| EPS (diluted) | $2.09 | $1.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.8B | $934.8M | ||
| Q1 25 | $1.5B | $854.1M | ||
| Q4 24 | $1.8B | $467.6M | ||
| Q3 24 | $1.6B | $453.8M | ||
| Q2 24 | $1.5B | $402.3M |
| Q1 26 | $405.1M | — | ||
| Q4 25 | $528.7M | $53.1M | ||
| Q3 25 | $401.6M | $66.0M | ||
| Q2 25 | $400.8M | $3.4M | ||
| Q1 25 | $332.8M | $-173.0M | ||
| Q4 24 | $435.7M | $-7.0M | ||
| Q3 24 | $399.1M | $38.9M | ||
| Q2 24 | $300.6M | $30.7M |
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | 34.5% | ||
| Q3 25 | 59.1% | 35.9% | ||
| Q2 25 | 58.8% | 35.8% | ||
| Q1 25 | 57.6% | 34.2% | ||
| Q4 24 | 59.3% | 38.4% | ||
| Q3 24 | 60.0% | 36.1% | ||
| Q2 24 | 57.3% | 35.6% |
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 7.2% | ||
| Q3 25 | 25.8% | 10.2% | ||
| Q2 25 | 26.0% | 5.2% | ||
| Q1 25 | 21.7% | -3.9% | ||
| Q4 24 | 28.3% | 3.4% | ||
| Q3 24 | 27.6% | 10.3% | ||
| Q2 24 | 22.7% | 6.7% |
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.9% | 5.3% | ||
| Q3 25 | 22.7% | 6.6% | ||
| Q2 25 | 22.1% | 0.4% | ||
| Q1 25 | 21.7% | -20.3% | ||
| Q4 24 | 23.9% | -1.5% | ||
| Q3 24 | 25.2% | 8.6% | ||
| Q2 24 | 20.0% | 7.6% |
| Q1 26 | $2.09 | — | ||
| Q4 25 | $2.72 | $1.04 | ||
| Q3 25 | $2.08 | $1.26 | ||
| Q2 25 | $2.07 | $0.07 | ||
| Q1 25 | $1.72 | $-3.35 | ||
| Q4 24 | $2.24 | $-0.22 | ||
| Q3 24 | $2.07 | $1.21 | ||
| Q2 24 | $1.56 | $0.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $167.9M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | — | $4.5B |
| Total Assets | $11.0B | $8.2B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $167.9M | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $648.3M | ||
| Q2 24 | — | $647.7M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $4.5B | ||
| Q3 25 | $8.5B | $4.4B | ||
| Q2 25 | $8.1B | $4.4B | ||
| Q1 25 | $8.2B | $4.1B | ||
| Q4 24 | $7.8B | $1.5B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.0B | $1.5B |
| Q1 26 | $11.0B | — | ||
| Q4 25 | $11.0B | $8.2B | ||
| Q3 25 | $10.5B | $8.2B | ||
| Q2 25 | $10.3B | $8.3B | ||
| Q1 25 | $9.8B | $8.0B | ||
| Q4 24 | $9.6B | $3.4B | ||
| Q3 24 | $9.3B | $2.8B | ||
| Q2 24 | $8.9B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $536.0M | $117.4M |
| Free Cash FlowOCF − Capex | $469.4M | $83.5M |
| FCF MarginFCF / Revenue | 26.8% | 8.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | 1.32× | 2.21× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $117.4M | ||
| Q3 25 | $485.6M | $87.7M | ||
| Q2 25 | $173.2M | $102.2M | ||
| Q1 25 | $420.8M | $34.4M | ||
| Q4 24 | $483.9M | $128.7M | ||
| Q3 24 | $258.0M | $71.9M | ||
| Q2 24 | $255.3M | $21.6M |
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $83.5M | ||
| Q3 25 | $425.1M | $56.5M | ||
| Q2 25 | $127.5M | $83.7M | ||
| Q1 25 | $380.7M | $14.4M | ||
| Q4 24 | $399.2M | $118.7M | ||
| Q3 24 | $219.4M | $65.0M | ||
| Q2 24 | $218.2M | $11.1M |
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | 8.3% | ||
| Q3 25 | 24.0% | 5.6% | ||
| Q2 25 | 7.0% | 9.0% | ||
| Q1 25 | 24.8% | 1.7% | ||
| Q4 24 | 21.9% | 25.4% | ||
| Q3 24 | 13.8% | 14.3% | ||
| Q2 24 | 14.5% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 3.4% | ||
| Q3 25 | 3.4% | 3.1% | ||
| Q2 25 | 2.5% | 2.0% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 4.6% | 2.1% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 2.5% | 2.6% |
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 2.21× | ||
| Q3 25 | 1.21× | 1.33× | ||
| Q2 25 | 0.43× | 30.06× | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | 1.85× | ||
| Q2 24 | 0.85× | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
