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Side-by-side financial comparison of JBT Marel Corp (JBTM) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.5× JBT Marel Corp). WATSCO INC runs the higher net margin — 6.1% vs 5.3%, a 0.8% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 0.1%). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs -15.3%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
JBTM vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.5B |
| Net Profit | $53.1M | $92.9M |
| Gross Margin | 34.5% | 27.9% |
| Operating Margin | 7.2% | 7.2% |
| Net Margin | 5.3% | 6.1% |
| Revenue YoY | 115.6% | 0.1% |
| Net Profit YoY | 858.6% | -1.7% |
| EPS (diluted) | $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 | — | $1.5B | ||
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $934.8M | $2.1B | ||
| Q1 25 | $854.1M | $1.5B | ||
| Q4 24 | $467.6M | $1.8B | ||
| Q3 24 | $453.8M | $2.2B | ||
| Q2 24 | $402.3M | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $53.1M | $71.7M | ||
| Q3 25 | $66.0M | $161.6M | ||
| Q2 25 | $3.4M | $183.6M | ||
| Q1 25 | $-173.0M | $80.1M | ||
| Q4 24 | $-7.0M | $96.8M | ||
| Q3 24 | $38.9M | $171.0M | ||
| Q2 24 | $30.7M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 34.5% | 27.1% | ||
| Q3 25 | 35.9% | 27.5% | ||
| Q2 25 | 35.8% | 29.3% | ||
| Q1 25 | 34.2% | 28.1% | ||
| Q4 24 | 38.4% | 26.7% | ||
| Q3 24 | 36.1% | 26.2% | ||
| Q2 24 | 35.6% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 7.2% | 6.4% | ||
| Q3 25 | 10.2% | 11.4% | ||
| Q2 25 | 5.2% | 13.2% | ||
| Q1 25 | -3.9% | 7.3% | ||
| Q4 24 | 3.4% | 7.8% | ||
| Q3 24 | 10.3% | 11.6% | ||
| Q2 24 | 6.7% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 5.3% | 4.5% | ||
| Q3 25 | 6.6% | 7.8% | ||
| Q2 25 | 0.4% | 8.9% | ||
| Q1 25 | -20.3% | 5.2% | ||
| Q4 24 | -1.5% | 5.5% | ||
| Q3 24 | 8.6% | 7.9% | ||
| Q2 24 | 7.6% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $1.04 | $1.82 | ||
| Q3 25 | $1.26 | $3.98 | ||
| Q2 25 | $0.07 | $4.52 | ||
| Q1 25 | $-3.35 | $1.93 | ||
| Q4 24 | $-0.22 | $2.42 | ||
| Q3 24 | $1.21 | $4.22 | ||
| Q2 24 | $0.95 | $4.49 |
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 | $392.7M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $4.5B | $3.2B |
| Total Assets | $8.2B | $4.6B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $167.9M | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | — | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | $1.2B | $781.9M | ||
| Q3 24 | — | $550.0M | ||
| Q2 24 | — | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $361.6M | ||
| Q3 25 | $1.5B | $340.8M | ||
| Q2 25 | $1.5B | $338.7M | ||
| Q1 25 | $2.0B | $346.4M | ||
| Q4 24 | $1.3B | $337.2M | ||
| Q3 24 | $648.3M | $321.0M | ||
| Q2 24 | $647.7M | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $4.5B | $2.8B | ||
| Q3 25 | $4.4B | $2.8B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $4.1B | $2.7B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $8.2B | $4.4B | ||
| Q3 25 | $8.2B | $4.6B | ||
| Q2 25 | $8.3B | $4.7B | ||
| Q1 25 | $8.0B | $4.5B | ||
| Q4 24 | $3.4B | $4.5B | ||
| Q3 24 | $2.8B | $4.5B | ||
| Q2 24 | $2.7B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 0.13× | ||
| Q3 25 | 0.34× | 0.12× | ||
| Q2 25 | 0.35× | 0.12× | ||
| Q1 25 | 0.48× | 0.13× | ||
| Q4 24 | 0.81× | 0.13× | ||
| Q3 24 | 0.41× | 0.12× | ||
| Q2 24 | 0.43× | 0.12× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $117.4M | $399.8M | ||
| Q3 25 | $87.7M | $354.9M | ||
| Q2 25 | $102.2M | $-7.4M | ||
| Q1 25 | $34.4M | $-177.6M | ||
| Q4 24 | $128.7M | $378.9M | ||
| Q3 24 | $71.9M | $232.8M | ||
| Q2 24 | $21.6M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $83.5M | $388.5M | ||
| Q3 25 | $56.5M | $346.1M | ||
| Q2 25 | $83.7M | $-14.3M | ||
| Q1 25 | $14.4M | $-185.2M | ||
| Q4 24 | $118.7M | $370.9M | ||
| Q3 24 | $65.0M | $223.0M | ||
| Q2 24 | $11.1M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | 24.6% | ||
| Q3 25 | 5.6% | 16.7% | ||
| Q2 25 | 9.0% | -0.7% | ||
| Q1 25 | 1.7% | -12.1% | ||
| Q4 24 | 25.4% | 21.1% | ||
| Q3 24 | 14.3% | 10.3% | ||
| Q2 24 | 2.8% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 0.7% | ||
| Q3 25 | 3.1% | 0.4% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 2.3% | 0.5% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 2.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.21× | 5.57× | ||
| Q3 25 | 1.33× | 2.20× | ||
| Q2 25 | 30.06× | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | 1.85× | 1.36× | ||
| Q2 24 | 0.70× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
