Filing Flows › JBT Marel (JBTM) › Q1 2025
JBT Marel (JBTM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
JBT Marel (JBTM) reported revenue of $854M for the first quarter 2025 (Q1 2025), +118% from a year earlier and +83% from the quarter before. Operating margin was -3.9%, net loss $173M (20.3% of revenue).
JBT Marel, Q1 2025: revenue $854M (+118% year over year), operating margin -3.9%, net loss $173M, operating cash flow $34.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $854M | +83% | +118% |
| Operating profit | −$33.0M | — | — |
| Net earnings | −$173M | — | — |
| Operating cash flow | $34.0M | -74% | +227% |
| Free cash flow | $14.0M | -88% | — |
What changed
Revenue was $854.0M in Q1 2025, up 118% year over year and up 83% from the previous quarter. Product was the largest line at 90% of revenue. Product added $415.7M year over year (up 117%), 90% of the total change.
Operating costs exceeded revenue by $33.0M, an operating margin of -3.9%. Total costs grew 144% against revenue growth of 118%. The fastest-growing cost line was Other operating costs (+782%). The quarter ended with a net loss of $173.0M, wider than the previous quarter's $7.0M loss. Net interest and other expense of $186.0M was the main reason.
Operating cash flow was $34.0M (up 227% year over year). Non-cash charges added back $5.0M of share-based compensation. Working capital and other items added $202.0M. Capital expenditures of $20.0M left free cash flow of $14.0M.
Questions
What was JBT Marel's revenue in the first quarter 2025?
JBT Marel (JBTM) reported revenue of $854M for the first quarter 2025 (Q1 2025), +118% from a year earlier and +83% from the quarter before.
Was JBT Marel profitable in the first quarter 2025?
Operating loss was $33.0M (-3.9% of revenue) and net loss $173M.
Source: JBT Marel 10-Q on SEC EDGAR.