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JBT Marel cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$73.0M in Q3 2026

Operating cash flow$99.0M
Capital spending−$26.0M
Free cash flow+$73.0M
Cash / net income1.4×
Cash conversion cycle99 days

Analysis

In Q3 2026, JBT Marel generated $99.0M of operating cash flow and spent $26.0M on capital projects, leaving free cash flow of $73.0M. That is $17.0M more than in Q3 2025 ($56.0M).

Operating cash flow was $99.0M against net income of $70.0M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: receivables −$35.0M, other operating capital +$34.0M, stock-based pay +$7.0M.

Its cash conversion cycle was 99 days (receivables 41 + inventory 101 − payables 43).

Free cash flow

JBT Marel: free cash flow by quarterJBT Marel: free cash flow by quarter$119MQ4 2024$14.0MQ1 2025$84.0MQ2 2025$56.0MQ3 2025$83.8MQ4 2025$93.0MQ1 2026$77.0MQ2 2026$73.0MQ3 2026
Operating cash flow less capital spending.
JBT Marel: operating cash flow against capital spendingJBT Marel: operating cash flow against capital spendingOperating cash flowCapital spending$129M$10.0MQ4 2024$34.0M$20.0MQ1 2025$103M$19.0MQ2 2025$87.0M$31.0MQ3 2025$117M$33.6MQ4 2025$119M$26.0MQ1 2026$102M$25.0MQ2 2026$99.0M$26.0MQ3 2026
Latest (Q3 2026): Operating cash flow $99.0M, Capital spending $26.0M.

Capital allocation, year by year

JBT Marel: where the cash came from (up) and went (down), by fiscal yearJBT Marel: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $226MFY2021: Net borrowing $474MFY2021: Asset sales $5.7MFY2021: Capital spending −$51.7MFY2021: Acquisitions −$224MFY2021: Dividends −$12.8M$706MFY2021FY2022: Operating cash flow $142MFY2022: Net borrowing $292MFY2022: Asset sales $1.1MFY2022: Capital spending −$84.6MFY2022: Acquisitions −$330MFY2022: Buybacks −$7.7MFY2022: Dividends −$13.1M$436MFY2022FY2023: Operating cash flow $74.2MFY2023: Net borrowing −$1.4BFY2023: Asset sales $795MFY2023: Capital spending −$55.1MFY2023: Acquisitions −$100KFY2023: Buybacks −$5.1MFY2023: Dividends −$12.8M$869MFY2023FY2024: Operating cash flow $233MFY2024: Asset sales $1.4MFY2024: Capital spending −$37.9MFY2024: Dividends −$13.1M$234MFY2024FY2025: Operating cash flow $342MFY2025: Net borrowing −$1.8BFY2025: Shares issued −$2.5BFY2025: Asset sales $6.6MFY2025: Capital spending −$104MFY2025: Acquisitions −$1.7BFY2025: Dividends −$20.9M$348MFY2025
Over these 5 years operating cash flow totalled $1.0B; the largest uses were net borrowing ($3.2B) and shares issued ($2.5B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$117M
Debt$1.7B
Net debt$1.6B
Due within a year$14.0M

JBT Marel funds itself: free cash flow was — over the last twelve months, and $117M of cash and investments stands against $1.7B of debt ($14.0M due within a year, 8.4× covered by cash).

Where the cash came from and went

JBT Marel: sources (+) and uses (−) of cash, Q3 2026JBT Marel: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$99.0MBuybacks−$94.0MCapital spending−$26.0MOther investing$18.0MNet borrowing (+) / repaid (−)$16.0MDividends−$6.0MCash drawn (+) / kept (−)−$5.0MExchange rates−$2.0MTaxes on employees’ shares−$1.0MOther financing$1.0M

From profit to cash

JBT Marel: net income to operating cash flow, Q3 2026JBT Marel: net income to operating cash flow, Q3 2026Net income$70.0MStock-based pay$7.0MOther non-cash$6.0MReceivables−$35.0MInventory−$3.0MPayables−$4.0MOther operating capital$34.0MOperating cash flow$99.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 2026411014399
Q2 2026411004397
Q1 202642974198
Q4 202540923992
Q3 202539954292
Q2 202540974393
Q1 202534683368
Q4 202447794482

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$99.0M−$26.0M—−$94.0M−$6.0M$16.0M—−$5.0M$73.0M
Q2 2026$102M−$25.0M——−$6.0M$236M—$118M$77.0M
Q1 2026$119M−$26.0M——−$5.0M−$40.0M—−$43.0M$93.0M
Q4 2025$117M−$33.6M——−$4.9M$400K−$5.0B−$53.1M$83.8M
Q3 2025$87.0M−$31.0M——−$5.0M−$579M—−$3.0M$56.0M
Q2 2025$103M−$19.0M——−$6.0M−$61.0M−$200K−$11.0M$84.0M
Q1 2025$34.0M−$20.0M−$1.7B—−$5.0M$715M$2.5B$1.1B$14.0M
Q4 2024$129M−$10.0M——−$3.5M——−$694M$119M

JBT Marel: income statement and cash flow

JBT Marel, Q3 2026: revenue $994M (-0.7% year over year), operating margin 10.1%. The chart follows the revenue to costs, profit and cash.

JBT Marel: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.