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JBT Marel (JBTM) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · JBT Marel (JBTM) Q3 2026 earnings results →

Q3 2026 Revenue down 1% year over year to $994M · 7¢ of every $1 of revenue kept as net profit · operating margin 10.1%

JBT Marel made $994M in Q3 2026 (-0.7% Y/Y): Prepared Food and Beverage Solutions $525M, Protein Solutions $469M. Operating margin 10.1%, net earnings $70.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$994M
Year over year-0.7%
Operating margin10.1%
Net earnings$70.0M
Operating cash flow$99.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $994.0M in Q3 2026, down 1% year over year and up 1% from the previous quarter. Prepared Food and Beverage Solutions was the largest line at 53% of revenue. Prepared Food and Beverage Solutions lost $35.0M year over year (down 6%), 500% of the total change.

Operating profit was $100.0M, a 10.1% margin (down 0.1 points year over year). Total costs fell 1% while revenue fell 1%. Net earnings were $70.0M, up 6% year over year. The effective tax rate was 20.5%.

Operating cash flow was $99.0M (up 14% year over year), 141% of net earnings. Non-cash charges added back $7.0M of share-based compensation. Working capital and other items added $22.0M. Capital expenditures of $26.0M left free cash flow of $73.0M.

Quarterly history

JBT Marel revenue by quarterJBT Marel revenue by quarter$854MQ1 2025$935MQ2 2025$1.0BQ3 2025$1.0BQ4 2025$936MQ1 2026$981MQ2 2026$994MQ3 2026
JBT Marel net earnings by quarterJBT Marel net earnings by quarter−$173MQ1 2025$3.4MQ2 2025$66.0MQ3 2025$53.5MQ4 2025$45.0MQ1 2026$28.0MQ2 2026$70.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$994M-0.7%10.1%$70.0M$99.0M
Q2 202610-QAug 5, 2026$981M+5%4.7%$28.0M$102M
Q1 202610-QMay 6, 2026$936M+10%7.3%$45.0M$119M
Q4 202510-KMar 2, 2026$1.0B+116%7.2%$53.5M$117M
Q3 202510-QNov 4, 2025$1.0B+127%10.2%$66.0M$87.0M
Q2 202510-QAug 7, 2025$935M+122%5.1%$3.4M$103M
Q1 202510-QMay 5, 2025$854M+118%-3.9%−$173M$34.0M

Charts

JBT Marel: revenue growth, year over year and quarter over quarterJBT Marel: revenue growth, year over year and quarter over quarterY/YQ/Q+118%Q1 2025+122%+9%Q2 2025+127%+7%Q3 2025+116%+1%Q4 2025+10%-7%Q1 2026+5%+5%Q2 2026-1%+1%Q3 2026
Latest (Q3 2026): Y/Y -1%, Q/Q +1%.
JBT Marel: where the cash came from (+) and went (−), FY2025JBT Marel: where the cash came from (+) and went (−), FY2025Other financing$4.8BShares issued−$2.5BNet borrowing (+) / repaid (−)−$1.8BAcquisitions−$1.7BCash drawn (+) / kept (−)$1.0BOperating cash flow$342MCapital spending−$104MDividends−$20.9MTaxes on employees’ shares−$8.3MAsset & business sales$6.6MExchange rates$1.4MOther investing−$100K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
JBT Marel: profit against cash, quarter by quarterJBT Marel: profit against cash, quarter by quarterNet incomeOperating cash flow−$7.0M$129MQ4 2024−$173M$34.0MQ1 2025$3.0M$103MQ2 2025$66.0M$87.0MQ3 2025$53.5M$117MQ4 2025$45.0M$119MQ1 2026$28.0M$102MQ2 2026$70.0M$99.0MQ3 2026
Latest (Q3 2026): Net income $70.0M, Operating cash flow $99.0M.
JBT Marel: diluted shares by fiscal yearJBT Marel: diluted shares by fiscal year32MFY202032MFY202132MFY202232MFY202332MFY202452MFY2025
+62.0% since FY2020: more shares outstanding (issuance, stock pay).
JBT Marel in its industry: growth against margin (4 companies, SIC 3550)JBT Marel in its industry: growth against margin (4 companies, SIC 3550)revenue growth, year over year →↑ operating marginmedian +15%median 19%NVTPNRKAIJBTM (-1%, 10%)
Special Industry Machinery (No Metalworking Machinery); dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About JBT Marel

We are a leading and diversified global technology solutions and service provider to high-value segments of the food and beverage industry. We design, produce, and service sophisticated products and systems for multi-national and regional customers. Our purpose is to transform the future of food by providing solutions that substantially enhance our customers’ success, and in doing so design, produce and service sophisticated and critical products and systems for food and beverage companies that increase yields, boost efficiency, and improve food safety.

In its own words, from its 10-K, filed Mar 2, 2026.

JBT Marel against its Special Industry Machinery (No Metalworking Machinery) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.7% against the peers' median +15%. Operating margin: 10.1% against the peers' median 18.6%.

CompanyQuarterRevenueY/YOp. margin
JBTM JBT MarelQ3 2026$994M-0.7%10.1%
NVT nVent ElectricQ3 2026$1.5B+44%18.6%
PNR PentairQ3 2026$976M-4%20.1%
KAI KadantQ3 2026$313M+15%17.1%

Source: JBT Marel 10-Q on SEC EDGAR · CIK 1433660 · Special Industry Machinery (No Metalworking Machinery)

Guidance and outlook

JBT Marel Revenue: guidance against what was reportedJBT Marel Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2025$3.8BFY2026
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
JBT Marel Tax rate: guidance against what was reportedJBT Marel Tax rate: guidance against what was reportedguided rangereported (above / within / below)FY202411.1%FY2025Q2 202570.2%FY2026
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
JBT Marel: what its forward-looking statements are about (10-Q filed 2026-11-03)JBT Marel: what its forward-looking statements are about (10-Q filed 2026-11-03)Costs3Other2Capital spending2Supply chain1Margins1Legal & regulation1
10 statements; tone +0.00 (−1 all cautious, +1 all confident); 1 hedged.
JBT Marel: outlook statements against the filing beforeJBT Marel: outlook statements against the filing beforeConfident1Cautious1

13F: who owns JBTM and who is buying

Largest holders of JBTM (13F)Largest holders of JBTM (13F)BlackRock$1.2BVanguard Group$826MPrice T Rowe Associates$422MVanguard Portfolio Management LLC$418MVanguard Capital Management LLC$340MState Street$307MT. Rowe Price Investment Manageme…$299MUBS AM, a distinct business unit …$264MLifeyrissjodur verzlunarmanna (Pe…$231MInvesco$211M
Funds' net buying of JBTM by quarter (13F)Funds' net buying of JBTM by quarter (13F)$22.1M2024-09$406M2024-12$369M2025-03$152M2025-06$407M2025-09$213M2025-12−$271M2026-03$473M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on JBTM

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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