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JBT Marel Corp（JBTM）与PEGASYSTEMS INC（PEGA）财务数据对比。点击上方公司名可切换其他公司
JBT Marel Corp的季度营收约是PEGASYSTEMS INC的2.3倍（$1.0B vs $430.0M），PEGASYSTEMS INC净利率更高（7.6% vs 5.3%，领先2.4%），JBT Marel Corp同比增速更快（115.6% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $83.5M），过去两年JBT Marel Corp的营收复合增速更高（60.3% vs 10.7%）
JBT Marel Corp（原称JBT公司、约翰宾技术公司）是主营食品加工机械及自动化车辆的企业，2008年由FMC技术公司拆分非能源业务独立注册成立，总部位于美国伊利诺伊州芝加哥，发展历史可追溯至1884年加州洛斯加托斯果园主约翰·宾创办的企业。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
JBTM vs PEGA — 直观对比
营收规模更大
JBTM
是对方的2.3倍
$430.0M
营收增速更快
JBTM
高出125.2%
-9.6%
净利率更高
PEGA
高出2.4%
5.3%
自由现金流更多
PEGA
多$123.0M
$83.5M
两年增速更快
JBTM
近两年复合增速
10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $430.0M |
| 净利润 | $53.1M | $32.8M |
| 毛利率 | 34.5% | 75.2% |
| 营业利润率 | 7.2% | 8.6% |
| 净利率 | 5.3% | 7.6% |
| 营收同比 | 115.6% | -9.6% |
| 净利润同比 | 858.6% | -61.6% |
| 每股收益（稀释后） | $1.04 | $0.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收JBTMPEGA
| 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 |
净利润JBTMPEGA
| 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 |
毛利率JBTMPEGA
| 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% |
营业利润率JBTMPEGA
| 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% |
净利率JBTMPEGA
| 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% |
每股收益（稀释后）JBTMPEGA
| 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 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $167.9M | $270.0M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $4.5B | $705.9M |
| 总资产 | $8.2B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资JBTMPEGA
| 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 |
总债务JBTMPEGA
| 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 | — |
股东权益JBTMPEGA
| 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 |
总资产JBTMPEGA
| 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 |
负债/权益比JBTMPEGA
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $117.4M | — |
| 自由现金流经营现金流 - 资本支出 | $83.5M | $206.5M |
| 自由现金流率自由现金流/营收 | 8.3% | 48.0% |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 2.21× | — |
| 过去12个月自由现金流最近4个季度 | $238.1M | $494.9M |
8季度趋势，按日历期对齐
经营现金流JBTMPEGA
| 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 |
自由现金流JBTMPEGA
| 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 |
自由现金流率JBTMPEGA
| 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% |
资本支出强度JBTMPEGA
| 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% |
现金转化率JBTMPEGA
| 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× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
JBTM
暂无分部数据
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
