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Side-by-side financial comparison of JBT Marel Corp (JBTM) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
JBT Marel Corp is the larger business by last-quarter revenue ($1.0B vs $637.9M, roughly 1.6× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 28.5% vs 5.3%, a 23.2% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 24.1%). JBT Marel Corp produced more free cash flow last quarter ($83.5M vs $-2.7M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 6.9%).
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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
JBTM vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $637.9M |
| Net Profit | $53.1M | $181.6M |
| Gross Margin | 34.5% | 86.6% |
| Operating Margin | 7.2% | 43.3% |
| Net Margin | 5.3% | 28.5% |
| Revenue YoY | 115.6% | 24.1% |
| Net Profit YoY | 858.6% | 303.8% |
| EPS (diluted) | $1.04 | $1.98 |
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.
| Q4 25 | $1.0B | $637.9M | ||
| Q3 25 | $1.0B | $443.1M | ||
| Q2 25 | $934.8M | $527.4M | ||
| Q1 25 | $854.1M | $734.8M | ||
| Q4 24 | $467.6M | $513.8M | ||
| Q3 24 | $453.8M | $310.0M | ||
| Q2 24 | $402.3M | $338.6M | ||
| Q1 24 | $392.3M | $558.7M |
| Q4 25 | $53.1M | $181.6M | ||
| Q3 25 | $66.0M | $107.3M | ||
| Q2 25 | $3.4M | $149.8M | ||
| Q1 25 | $-173.0M | $216.4M | ||
| Q4 24 | $-7.0M | $45.0M | ||
| Q3 24 | $38.9M | $-167.6M | ||
| Q2 24 | $30.7M | $-54.2M | ||
| Q1 24 | $22.8M | $166.3M |
| Q4 25 | 34.5% | 86.6% | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | 94.7% | ||
| Q1 25 | 34.2% | 81.6% | ||
| Q4 24 | 38.4% | 87.3% | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 35.6% | 98.5% | ||
| Q1 24 | 35.8% | 81.0% |
| Q4 25 | 7.2% | 43.3% | ||
| Q3 25 | 10.2% | 40.6% | ||
| Q2 25 | 5.2% | 43.7% | ||
| Q1 25 | -3.9% | 43.2% | ||
| Q4 24 | 3.4% | 16.8% | ||
| Q3 24 | 10.3% | -63.4% | ||
| Q2 24 | 6.7% | -15.2% | ||
| Q1 24 | 7.4% | 44.9% |
| Q4 25 | 5.3% | 28.5% | ||
| Q3 25 | 6.6% | 24.2% | ||
| Q2 25 | 0.4% | 28.4% | ||
| Q1 25 | -20.3% | 29.4% | ||
| Q4 24 | -1.5% | 8.8% | ||
| Q3 24 | 8.6% | -54.1% | ||
| Q2 24 | 7.6% | -16.0% | ||
| Q1 24 | 5.8% | 29.8% |
| Q4 25 | $1.04 | $1.98 | ||
| Q3 25 | $1.26 | $1.18 | ||
| Q2 25 | $0.07 | $1.64 | ||
| Q1 25 | $-3.35 | $2.37 | ||
| Q4 24 | $-0.22 | $0.49 | ||
| Q3 24 | $1.21 | $-1.81 | ||
| Q2 24 | $0.95 | $-0.59 | ||
| Q1 24 | $0.71 | $1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.9M | $271.4M |
| Total DebtLower is stronger | $1.5B | $2.7B |
| Stockholders' EquityBook value | $4.5B | $3.6B |
| Total Assets | $8.2B | $9.2B |
| Debt / EquityLower = less leverage | 0.33× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.9M | $271.4M | ||
| Q3 25 | — | $43.2M | ||
| Q2 25 | — | $39.3M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | $1.2B | $48.7M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $81.4M | ||
| Q1 24 | — | $50.8M |
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $648.3M | $2.7B | ||
| Q2 24 | $647.7M | $2.7B | ||
| Q1 24 | $647.0M | $2.4B |
| Q4 25 | $4.5B | $3.6B | ||
| Q3 25 | $4.4B | $3.1B | ||
| Q2 25 | $4.4B | $3.0B | ||
| Q1 25 | $4.1B | $2.8B | ||
| Q4 24 | $1.5B | $-76.2M | ||
| Q3 24 | $1.6B | $-15.5M | ||
| Q2 24 | $1.5B | $5.0M | ||
| Q1 24 | $1.5B | $75.3M |
| Q4 25 | $8.2B | $9.2B | ||
| Q3 25 | $8.2B | $8.7B | ||
| Q2 25 | $8.3B | $8.4B | ||
| Q1 25 | $8.0B | $8.5B | ||
| Q4 24 | $3.4B | $8.3B | ||
| Q3 24 | $2.8B | $8.3B | ||
| Q2 24 | $2.7B | $8.5B | ||
| Q1 24 | $2.7B | $8.7B |
| Q4 25 | 0.33× | 0.75× | ||
| Q3 25 | 0.34× | 0.87× | ||
| Q2 25 | 0.35× | 0.90× | ||
| Q1 25 | 0.48× | 0.99× | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.43× | 532.10× | ||
| Q1 24 | 0.43× | 31.68× |
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 | $117.4M | $274.9M |
| Free Cash FlowOCF − Capex | $83.5M | $-2.7M |
| FCF MarginFCF / Revenue | 8.3% | -0.4% |
| Capex IntensityCapex / Revenue | 3.4% | 43.5% |
| Cash ConversionOCF / Net Profit | 2.21× | 1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $238.1M | $204.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.4M | $274.9M | ||
| Q3 25 | $87.7M | $237.8M | ||
| Q2 25 | $102.2M | $388.4M | ||
| Q1 25 | $34.4M | $253.8M | ||
| Q4 24 | $128.7M | $220.1M | ||
| Q3 24 | $71.9M | $197.9M | ||
| Q2 24 | $21.6M | $281.8M | ||
| Q1 24 | $10.4M | $315.3M |
| Q4 25 | $83.5M | $-2.7M | ||
| Q3 25 | $56.5M | $-47.8M | ||
| Q2 25 | $83.7M | $195.3M | ||
| Q1 25 | $14.4M | $59.9M | ||
| Q4 24 | $118.7M | $-20.3M | ||
| Q3 24 | $65.0M | $-49.1M | ||
| Q2 24 | $11.1M | $79.5M | ||
| Q1 24 | $-100.0K | $80.3M |
| Q4 25 | 8.3% | -0.4% | ||
| Q3 25 | 5.6% | -10.8% | ||
| Q2 25 | 9.0% | 37.0% | ||
| Q1 25 | 1.7% | 8.2% | ||
| Q4 24 | 25.4% | -4.0% | ||
| Q3 24 | 14.3% | -15.8% | ||
| Q2 24 | 2.8% | 23.5% | ||
| Q1 24 | -0.0% | 14.4% |
| Q4 25 | 3.4% | 43.5% | ||
| Q3 25 | 3.1% | 64.4% | ||
| Q2 25 | 2.0% | 36.6% | ||
| Q1 25 | 2.3% | 26.4% | ||
| Q4 24 | 2.1% | 46.8% | ||
| Q3 24 | 1.5% | 79.7% | ||
| Q2 24 | 2.6% | 59.7% | ||
| Q1 24 | 2.7% | 42.1% |
| Q4 25 | 2.21× | 1.51× | ||
| Q3 25 | 1.33× | 2.21× | ||
| Q2 25 | 30.06× | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 24 | 0.46× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBTM
Segment breakdown not available.
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
