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Side-by-side financial comparison of JBT Marel Corp (JBTM) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
JBT Marel Corp is the larger business by last-quarter revenue ($1.0B vs $430.0M, roughly 2.3× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 5.3%, a 2.4% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $83.5M). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
JBTM vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $430.0M |
| Net Profit | $53.1M | $32.8M |
| Gross Margin | 34.5% | 75.2% |
| Operating Margin | 7.2% | 8.6% |
| Net Margin | 5.3% | 7.6% |
| Revenue YoY | 115.6% | -9.6% |
| Net Profit YoY | 858.6% | — |
| EPS (diluted) | $1.04 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $1.0B | $504.3M | ||
| Q3 25 | $1.0B | $381.4M | ||
| Q2 25 | $934.8M | $384.5M | ||
| Q1 25 | $854.1M | $475.6M | ||
| Q4 24 | $467.6M | $490.8M | ||
| Q3 24 | $453.8M | $325.1M | ||
| Q2 24 | $402.3M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $53.1M | $234.6M | ||
| Q3 25 | $66.0M | $43.4M | ||
| Q2 25 | $3.4M | $30.1M | ||
| Q1 25 | $-173.0M | $85.4M | ||
| Q4 24 | $-7.0M | $119.1M | ||
| Q3 24 | $38.9M | $-14.4M | ||
| Q2 24 | $30.7M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 34.5% | 79.5% | ||
| Q3 25 | 35.9% | 72.2% | ||
| Q2 25 | 35.8% | 71.5% | ||
| Q1 25 | 34.2% | 78.5% | ||
| Q4 24 | 38.4% | 79.1% | ||
| Q3 24 | 36.1% | 70.2% | ||
| Q2 24 | 35.6% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 7.2% | 20.7% | ||
| Q3 25 | 10.2% | 3.8% | ||
| Q2 25 | 5.2% | 4.5% | ||
| Q1 25 | -3.9% | 26.7% | ||
| Q4 24 | 3.4% | 29.1% | ||
| Q3 24 | 10.3% | -3.6% | ||
| Q2 24 | 6.7% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 5.3% | 46.5% | ||
| Q3 25 | 6.6% | 11.4% | ||
| Q2 25 | 0.4% | 7.8% | ||
| Q1 25 | -20.3% | 18.0% | ||
| Q4 24 | -1.5% | 24.3% | ||
| Q3 24 | 8.6% | -4.4% | ||
| Q2 24 | 7.6% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.04 | $0.81 | ||
| Q3 25 | $1.26 | $0.24 | ||
| Q2 25 | $0.07 | $0.17 | ||
| Q1 25 | $-3.35 | $0.91 | ||
| Q4 24 | $-0.22 | $1.35 | ||
| Q3 24 | $1.21 | $-0.17 | ||
| Q2 24 | $0.95 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $4.5B | $705.9M |
| Total Assets | $8.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $167.9M | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | $1.2B | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| 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 | — | $705.9M | ||
| Q4 25 | $4.5B | $787.4M | ||
| Q3 25 | $4.4B | $596.8M | ||
| Q2 25 | $4.4B | $624.5M | ||
| Q1 25 | $4.1B | $611.3M | ||
| Q4 24 | $1.5B | $585.5M | ||
| Q3 24 | $1.6B | $473.0M | ||
| Q2 24 | $1.5B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $8.2B | $1.6B | ||
| Q3 25 | $8.2B | $1.3B | ||
| Q2 25 | $8.3B | $1.3B | ||
| Q1 25 | $8.0B | $1.3B | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
| 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 | $117.4M | — |
| Free Cash FlowOCF − Capex | $83.5M | $206.5M |
| FCF MarginFCF / Revenue | 8.3% | 48.0% |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | 2.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.1M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $117.4M | $158.4M | ||
| Q3 25 | $87.7M | $56.3M | ||
| Q2 25 | $102.2M | $86.3M | ||
| Q1 25 | $34.4M | $204.2M | ||
| Q4 24 | $128.7M | $95.2M | ||
| Q3 24 | $71.9M | $30.5M | ||
| Q2 24 | $21.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $83.5M | $152.4M | ||
| Q3 25 | $56.5M | $51.8M | ||
| Q2 25 | $83.7M | $84.1M | ||
| Q1 25 | $14.4M | $202.3M | ||
| Q4 24 | $118.7M | $92.4M | ||
| Q3 24 | $65.0M | $27.4M | ||
| Q2 24 | $11.1M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 8.3% | 30.2% | ||
| Q3 25 | 5.6% | 13.6% | ||
| Q2 25 | 9.0% | 21.9% | ||
| Q1 25 | 1.7% | 42.5% | ||
| Q4 24 | 25.4% | 18.8% | ||
| Q3 24 | 14.3% | 8.4% | ||
| Q2 24 | 2.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.2% | ||
| Q3 25 | 3.1% | 1.2% | ||
| Q2 25 | 2.0% | 0.6% | ||
| Q1 25 | 2.3% | 0.4% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 2.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.21× | 0.68× | ||
| Q3 25 | 1.33× | 1.30× | ||
| Q2 25 | 30.06× | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 0.70× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JBTM
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
