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Side-by-side financial comparison of Hamilton Insurance Group, Ltd. (HG) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.

JBT Marel Corp is the larger business by last-quarter revenue ($1.0B vs $758.9M, roughly 1.3× Hamilton Insurance Group, Ltd.). Hamilton Insurance Group, Ltd. runs the higher net margin — 17.6% vs 5.3%, a 12.3% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs -1.3%). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 13.6%).

White Mountains Insurance Group is a diversified insurance and related financial services holding company based in Hamilton, Bermuda. Redomiciled from Delaware, United States, on October 25, 1999, the company conducts most of its business through its insurance subsidiaries and other affiliates.

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.

HG vs JBTM — Head-to-Head

Bigger by revenue
JBTM
JBTM
1.3× larger
JBTM
$1.0B
$758.9M
HG
Growing faster (revenue YoY)
JBTM
JBTM
+116.9% gap
JBTM
115.6%
-1.3%
HG
Higher net margin
HG
HG
12.3% more per $
HG
17.6%
5.3%
JBTM
Faster 2-yr revenue CAGR
JBTM
JBTM
Annualised
JBTM
60.3%
13.6%
HG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HG
HG
JBTM
JBTM
Revenue
$758.9M
$1.0B
Net Profit
$133.5M
$53.1M
Gross Margin
34.5%
Operating Margin
7.2%
Net Margin
17.6%
5.3%
Revenue YoY
-1.3%
115.6%
Net Profit YoY
19.7%
858.6%
EPS (diluted)
$1.31
$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.

Revenue
HG
HG
JBTM
JBTM
Q1 26
$758.9M
Q4 25
$728.3M
$1.0B
Q3 25
$667.6M
$1.0B
Q2 25
$740.8M
$934.8M
Q1 25
$768.8M
$854.1M
Q4 24
$570.5M
$467.6M
Q3 24
$512.8M
$453.8M
Q2 24
$587.9M
$402.3M
Net Profit
HG
HG
JBTM
JBTM
Q1 26
$133.5M
Q4 25
$214.6M
$53.1M
Q3 25
$176.4M
$66.0M
Q2 25
$267.8M
$3.4M
Q1 25
$181.3M
$-173.0M
Q4 24
$74.4M
$-7.0M
Q3 24
$61.0M
$38.9M
Q2 24
$200.4M
$30.7M
Gross Margin
HG
HG
JBTM
JBTM
Q1 26
Q4 25
34.5%
Q3 25
35.9%
Q2 25
35.8%
Q1 25
34.2%
Q4 24
38.4%
Q3 24
36.1%
Q2 24
35.6%
Operating Margin
HG
HG
JBTM
JBTM
Q1 26
Q4 25
26.0%
7.2%
Q3 25
27.0%
10.2%
Q2 25
36.5%
5.2%
Q1 25
24.0%
-3.9%
Q4 24
13.4%
3.4%
Q3 24
12.5%
10.3%
Q2 24
34.5%
6.7%
Net Margin
HG
HG
JBTM
JBTM
Q1 26
17.6%
Q4 25
29.5%
5.3%
Q3 25
26.4%
6.6%
Q2 25
36.1%
0.4%
Q1 25
23.6%
-20.3%
Q4 24
13.0%
-1.5%
Q3 24
11.9%
8.6%
Q2 24
34.1%
7.6%
EPS (diluted)
HG
HG
JBTM
JBTM
Q1 26
$1.31
Q4 25
$1.67
$1.04
Q3 25
$1.32
$1.26
Q2 25
$1.79
$0.07
Q1 25
$0.77
$-3.35
Q4 24
$0.35
$-0.22
Q3 24
$0.74
$1.21
Q2 24
$1.20
$0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HG
HG
JBTM
JBTM
Cash + ST InvestmentsLiquidity on hand
$842.5M
$167.9M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$2.7B
$4.5B
Total Assets
$9.9B
$8.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HG
HG
JBTM
JBTM
Q1 26
$842.5M
Q4 25
$1.1B
$167.9M
Q3 25
$955.1M
Q2 25
$985.6M
Q1 25
$838.5M
Q4 24
$996.5M
$1.2B
Q3 24
$957.4M
Q2 24
$1.0B
Total Debt
HG
HG
JBTM
JBTM
Q1 26
Q4 25
$149.7M
$1.5B
Q3 25
$149.7M
$1.5B
Q2 25
$149.7M
$1.5B
Q1 25
$150.0M
$2.0B
Q4 24
$149.9M
$1.3B
Q3 24
$149.9M
$648.3M
Q2 24
$149.9M
$647.7M
Stockholders' Equity
HG
HG
JBTM
JBTM
Q1 26
$2.7B
Q4 25
$2.8B
$4.5B
Q3 25
$2.7B
$4.4B
Q2 25
$2.6B
$4.4B
Q1 25
$2.4B
$4.1B
Q4 24
$2.3B
$1.5B
Q3 24
$2.3B
$1.6B
Q2 24
$2.2B
$1.5B
Total Assets
HG
HG
JBTM
JBTM
Q1 26
$9.9B
Q4 25
$9.6B
$8.2B
Q3 25
$9.2B
$8.2B
Q2 25
$8.9B
$8.3B
Q1 25
$8.3B
$8.0B
Q4 24
$7.8B
$3.4B
Q3 24
$7.8B
$2.8B
Q2 24
$7.6B
$2.7B
Debt / Equity
HG
HG
JBTM
JBTM
Q1 26
Q4 25
0.05×
0.33×
Q3 25
0.06×
0.34×
Q2 25
0.06×
0.35×
Q1 25
0.06×
0.48×
Q4 24
0.06×
0.81×
Q3 24
0.06×
0.41×
Q2 24
0.07×
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
HG
HG
JBTM
JBTM
Operating Cash FlowLast quarter
$117.4M
Free Cash FlowOCF − Capex
$83.5M
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
2.21×
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HG
HG
JBTM
JBTM
Q1 26
Q4 25
$293.4M
$117.4M
Q3 25
$295.6M
$87.7M
Q2 25
$218.4M
$102.2M
Q1 25
$34.9M
$34.4M
Q4 24
$284.1M
$128.7M
Q3 24
$160.6M
$71.9M
Q2 24
$156.4M
$21.6M
Free Cash Flow
HG
HG
JBTM
JBTM
Q1 26
Q4 25
$83.5M
Q3 25
$56.5M
Q2 25
$83.7M
Q1 25
$14.4M
Q4 24
$118.7M
Q3 24
$65.0M
Q2 24
$11.1M
FCF Margin
HG
HG
JBTM
JBTM
Q1 26
Q4 25
8.3%
Q3 25
5.6%
Q2 25
9.0%
Q1 25
1.7%
Q4 24
25.4%
Q3 24
14.3%
Q2 24
2.8%
Capex Intensity
HG
HG
JBTM
JBTM
Q1 26
Q4 25
3.4%
Q3 25
3.1%
Q2 25
2.0%
Q1 25
2.3%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.6%
Cash Conversion
HG
HG
JBTM
JBTM
Q1 26
Q4 25
1.37×
2.21×
Q3 25
1.68×
1.33×
Q2 25
0.82×
30.06×
Q1 25
0.19×
Q4 24
3.82×
Q3 24
2.63×
1.85×
Q2 24
0.78×
0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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