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JBT Marel Corp（JBTM）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
JBT Marel Corp的季度营收约是罗塞塔石碑的1.7倍（$1.0B vs $586.5M），JBT Marel Corp净利率更高（5.3% vs -21.0%，领先26.3%），JBT Marel Corp同比增速更快（115.6% vs 73.0%），JBT Marel Corp自由现金流更多（$83.5M vs $26.7M），过去两年JBT Marel Corp的营收复合增速更高（60.3% vs 28.2%）
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。
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
JBTM vs STEP — 直观对比
营收规模更大
JBTM
是对方的1.7倍
$586.5M
营收增速更快
JBTM
高出42.6%
73.0%
净利率更高
JBTM
高出26.3%
-21.0%
自由现金流更多
JBTM
多$56.8M
$26.7M
两年增速更快
JBTM
近两年复合增速
28.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $586.5M |
| 净利润 | $53.1M | $-123.5M |
| 毛利率 | 34.5% | — |
| 营业利润率 | 7.2% | -33.2% |
| 净利率 | 5.3% | -21.0% |
| 营收同比 | 115.6% | 73.0% |
| 净利润同比 | 858.6% | 35.7% |
| 每股收益（稀释后） | $1.04 | $-1.55 |
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JBTMSTEP
| Q4 25 | $1.0B | $586.5M | ||
| Q3 25 | $1.0B | $454.2M | ||
| Q2 25 | $934.8M | $364.3M | ||
| Q1 25 | $854.1M | $377.7M | ||
| Q4 24 | $467.6M | $339.0M | ||
| Q3 24 | $453.8M | $271.7M | ||
| Q2 24 | $402.3M | $186.4M | ||
| Q1 24 | $392.3M | $356.8M |
净利润JBTMSTEP
| Q4 25 | $53.1M | $-123.5M | ||
| Q3 25 | $66.0M | $-366.1M | ||
| Q2 25 | $3.4M | $-38.4M | ||
| Q1 25 | $-173.0M | $-18.5M | ||
| Q4 24 | $-7.0M | $-192.0M | ||
| Q3 24 | $38.9M | $17.6M | ||
| Q2 24 | $30.7M | $13.3M | ||
| Q1 24 | $22.8M | $30.8M |
毛利率JBTMSTEP
| 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% | — | ||
| Q1 24 | 35.8% | — |
营业利润率JBTMSTEP
| Q4 25 | 7.2% | -33.2% | ||
| Q3 25 | 10.2% | -148.8% | ||
| Q2 25 | 5.2% | -5.6% | ||
| Q1 25 | -3.9% | 2.6% | ||
| Q4 24 | 3.4% | -101.7% | ||
| Q3 24 | 10.3% | 21.3% | ||
| Q2 24 | 6.7% | 29.4% | ||
| Q1 24 | 7.4% | 26.5% |
净利率JBTMSTEP
| Q4 25 | 5.3% | -21.0% | ||
| Q3 25 | 6.6% | -80.6% | ||
| Q2 25 | 0.4% | -10.5% | ||
| Q1 25 | -20.3% | -4.9% | ||
| Q4 24 | -1.5% | -56.6% | ||
| Q3 24 | 8.6% | 6.5% | ||
| Q2 24 | 7.6% | 7.2% | ||
| Q1 24 | 5.8% | 8.6% |
每股收益（稀释后）JBTMSTEP
| Q4 25 | $1.04 | $-1.55 | ||
| Q3 25 | $1.26 | $-4.66 | ||
| Q2 25 | $0.07 | $-0.49 | ||
| Q1 25 | $-3.35 | $-0.37 | ||
| Q4 24 | $-0.22 | $-2.61 | ||
| Q3 24 | $1.21 | $0.26 | ||
| Q2 24 | $0.95 | $0.20 | ||
| Q1 24 | $0.71 | $0.47 |
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 | — |
| 总债务越低越好 | $1.5B | $270.2M |
| 股东权益账面价值 | $4.5B | $-378.8M |
| 总资产 | $8.2B | $5.2B |
| 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JBTMSTEP
| Q4 25 | $167.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务JBTMSTEP
| Q4 25 | $1.5B | $270.2M | ||
| Q3 25 | $1.5B | $269.9M | ||
| Q2 25 | $1.5B | $269.6M | ||
| Q1 25 | $2.0B | $269.3M | ||
| Q4 24 | $1.3B | $168.9M | ||
| Q3 24 | $648.3M | $172.3M | ||
| Q2 24 | $647.7M | $172.1M | ||
| Q1 24 | $647.0M | $148.8M |
股东权益JBTMSTEP
| Q4 25 | $4.5B | $-378.8M | ||
| Q3 25 | $4.4B | $-233.5M | ||
| Q2 25 | $4.4B | $153.9M | ||
| Q1 25 | $4.1B | $179.4M | ||
| Q4 24 | $1.5B | $209.8M | ||
| Q3 24 | $1.6B | $397.5M | ||
| Q2 24 | $1.5B | $366.9M | ||
| Q1 24 | $1.5B | $324.5M |
总资产JBTMSTEP
| Q4 25 | $8.2B | $5.2B | ||
| Q3 25 | $8.2B | $5.3B | ||
| Q2 25 | $8.3B | $4.8B | ||
| Q1 25 | $8.0B | $4.6B | ||
| Q4 24 | $3.4B | $4.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.7B | $3.8B | ||
| Q1 24 | $2.7B | $3.8B |
负债/权益比JBTMSTEP
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.35× | 1.75× | ||
| Q1 25 | 0.48× | 1.50× | ||
| Q4 24 | 0.81× | 0.81× | ||
| Q3 24 | 0.41× | 0.43× | ||
| Q2 24 | 0.43× | 0.47× | ||
| Q1 24 | 0.43× | 0.46× |
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 | $27.2M |
| 自由现金流经营现金流 - 资本支出 | $83.5M | $26.7M |
| 自由现金流率自由现金流/营收 | 8.3% | 4.6% |
| 资本支出强度资本支出/营收 | 3.4% | 0.1% |
| 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 | $18.6M |
8季度趋势，按日历期对齐
经营现金流JBTMSTEP
| Q4 25 | $117.4M | $27.2M | ||
| Q3 25 | $87.7M | $16.2M | ||
| Q2 25 | $102.2M | $46.3M | ||
| Q1 25 | $34.4M | $-66.5M | ||
| Q4 24 | $128.7M | $27.6M | ||
| Q3 24 | $71.9M | $53.7M | ||
| Q2 24 | $21.6M | $50.2M | ||
| Q1 24 | $10.4M | $7.6M |
自由现金流JBTMSTEP
| Q4 25 | $83.5M | $26.7M | ||
| Q3 25 | $56.5M | $15.9M | ||
| Q2 25 | $83.7M | $45.2M | ||
| Q1 25 | $14.4M | $-69.2M | ||
| Q4 24 | $118.7M | $27.0M | ||
| Q3 24 | $65.0M | $52.4M | ||
| Q2 24 | $11.1M | $49.6M | ||
| Q1 24 | $-100.0K | $6.7M |
自由现金流率JBTMSTEP
| Q4 25 | 8.3% | 4.6% | ||
| Q3 25 | 5.6% | 3.5% | ||
| Q2 25 | 9.0% | 12.4% | ||
| Q1 25 | 1.7% | -18.3% | ||
| Q4 24 | 25.4% | 8.0% | ||
| Q3 24 | 14.3% | 19.3% | ||
| Q2 24 | 2.8% | 26.6% | ||
| Q1 24 | -0.0% | 1.9% |
资本支出强度JBTMSTEP
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 3.1% | 0.1% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 2.7% | 0.3% |
现金转化率JBTMSTEP
| Q4 25 | 2.21× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 30.06× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.85× | 3.05× | ||
| Q2 24 | 0.70× | 3.76× | ||
| Q1 24 | 0.46× | 0.25× |
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
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
