JBT Marel Corp (JBTM) financial statements: income statement, balance sheet and cash flow
JBT Marel Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), JBT Marel Corp reported revenue of $3.8B (+121.3% year on year).
Income statement
JBT Marel Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$3.8B
$1.7B
$1.7B
$2.2B
Cost of sales
$2.5B
$1.1B
$1.1B
$1.5B
Selling, general and administrative expense
$1.1B
$506.7M
$409.6M
$441.9M
Restructuring expense
$29.3M
$1.4M
$11.4M
$7.0M
Operating income
$189.4M
$118.4M
$164.7M
$168.4M
Pension expense, other than service cost
$148.5M
$27.3M
$700.0K
$0
Interest (income)
($11.1M)
$23.7M
$13.4M
—
Interest expense
$114.4M
$19.4M
$24.3M
$14.2M
Loss on investment
$10.6M
—
—
—
Other (income)
($10.6M)
—
—
—
(Loss) income from continuing operations before income taxes
($62.4M)
$95.4M
$153.1M
—
Income tax (benefit) provision
($13.1M)
$10.7M
$23.5M
$23.5M
Equity in net earnings of unconsolidated affiliate
($400.0K)
($100.0K)
($300.0K)
—
(Loss) income from continuing operations
($49.7M)
$84.6M
$129.3M
—
Loss (gain) from discontinued operations, net of income taxes
($800.0K)
$800.0K
$453.3M
—
Net (loss) income
($50.5M)
$85.4M
$582.6M
$130.7M
Continuing operations (in Dollars per share)
-$0.96
$2.65
$4.04
—
Discontinued operations (in Dollars per share)
-$0.02
$0.02
$14.17
—
Net income (in Dollars per share)
-$0.98
$2.67
$18.21
$4.08
Basic (in Shares)
52.0M
32.0M
32.0M
32.0M
Diluted (in Shares)
52.0M
32.2M
32.1M
32.1M
JBT Marel Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$981.0M
$936.0M
$1.0B
$934.8M
Cost of sales
$622.0M
$607.0M
$641.5M
$600.6M
Selling, general and administrative expense
$313.0M
$261.0M
$222.0M
$250.4M
Operating income
$46.0M
$68.0M
$102.1M
$48.4M
Pension expense, other than service cost
$0
$0
$200.0K
$200.0K
Loss on investment
$0
—
$0
$10.6M
Interest expense, net
$13.0M
$10.0M
—
—
Other income
($2.0M)
($2.0M)
($3.1M)
($3.0M)
Income (loss) before income taxes
$35.0M
$60.0M
—
—
Income tax provision (benefit)
$7.0M
$15.0M
$17.1M
$7.9M
Net income (loss)
$28.0M
$45.0M
$66.0M
$3.4M
Basic (in dollars per share)
$0.54
$0.86
$1.26
$0.07
Diluted (in dollars per share)
$0.54
$0.86
$1.26
$0.07
Balance sheet
JBT Marel Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$167.9M
$1.2B
$483.3M
$73.1M
Restricted cash
$18.6M
—
—
—
Trade receivables, net of allowances
$442.9M
$239.7M
$214.4M
$299.0M
Contract assets
$118.5M
$95.4M
$74.5M
$89.6M
Inventories
$643.7M
$233.1M
$238.9M
$322.5M
Other current assets
$191.5M
$66.7M
$89.1M
$85.4M
Total current assets
$1.6B
$1.9B
$1.1B
$869.6M
Property, plant and equipment, net of accumulated depreciation of $392.1 and $320.4, respectively
$793.4M
$233.7M
$248.0M
$269.9M
Goodwill
$3.4B
$769.1M
$779.5M
$807.8M
Intangible assets, net
$2.1B
$340.9M
$388.9M
$445.4M
Other assets
$263.6M
$206.8M
$193.8M
$191.4M
Total Assets
$8.2B
$3.4B
$2.7B
$2.6B
Short-term debt
$411.9M
—
$0
$600.0K
Accounts payable, trade and other
$261.9M
$131.0M
$134.6M
$237.0M
Advance and progress payments
$517.7M
$194.1M
$172.0M
$194.7M
Accrued payroll
$169.8M
$55.3M
$59.7M
$58.5M
Other current liabilities
$260.9M
$110.7M
$118.1M
$130.4M
Total current liabilities
$1.6B
$535.5M
$484.4M
$621.2M
Long-term debt
$1.5B
$1.3B
$646.4M
$977.3M
Accrued pension and other post-retirement benefits, less current portion
$21.4M
$19.3M
$24.6M
$32.0M
Other liabilities
$230.7M
$62.7M
$66.1M
$90.9M
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2025 or 2024
0
0
0
0
Common stock, $0.01 par value; 120,000,000 shares authorized; 2025: 51,974,355 issued and outstanding; 2024: 31,861,680 issued, and 31,843,794 outstanding
500.0K
300.0K
300.0K
300.0K
Common stock held in treasury, at cost; 2025: 0 shares; 2024: 17,886 shares
0
-1.8M
-7.1M
-5.3M
Additional paid-in capital
$2.7B
$234.3M
$227.9M
$220.7M
Retained earnings
$1.5B
$1.5B
$1.5B
$851.3M
Accumulated other comprehensive income (loss)
$281.2M
($224.5M)
($195.8M)
($204.3M)
Total stockholders’ equity
$4.5B
$1.5B
$1.5B
$862.7M
Deferred Income Taxes and Other Tax Liabilities, Noncurrent
$382.6M
—
—
—
Total Liabilities and Stockholders’ Equity
$8.2B
$3.4B
$2.7B
$2.6B
JBT Marel Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$93.0M
$211.0M
$114.9M
$111.8M
Restricted cash
$19.0M
$19.0M
$18.4M
$18.2M
Trade receivables, net of allowances
$443.0M
$438.0M
$434.6M
$413.7M
Contract assets
$144.0M
$142.0M
$107.5M
$128.5M
Inventories
$700.0M
$667.0M
$669.4M
$661.1M
Other current assets
$215.0M
$198.0M
$195.1M
$195.7M
Total current assets
$1.6B
$1.7B
$1.5B
$1.5B
Property, plant and equipment, net of accumulated depreciation of $423 and $392, respectively
$773.0M
$779.0M
$798.9M
$803.7M
Goodwill
$3.4B
$3.4B
$3.4B
$3.1B
Intangible assets, net
$2.0B
$2.1B
$2.2B
$2.6B
Other assets
$262.0M
$264.0M
$278.1M
$247.1M
Total Assets
$8.0B
$8.2B
$8.2B
$8.3B
Short-term debt
$9.0M
$411.0M
$411.4M
$410.2M
Accounts payable, trade and other
$300.0M
$294.0M
$300.5M
$288.9M
Advance and progress payments
$561.0M
$561.0M
$499.4M
$521.9M
Accrued payroll
$157.0M
$154.0M
$164.3M
$162.3M
Other current liabilities
$276.0M
$237.0M
$273.5M
$260.4M
Total current liabilities
$1.3B
$1.7B
$1.6B
$1.6B
Long-term debt
$1.7B
$1.4B
$1.5B
$1.5B
Deferred tax liabilities
$356.0M
$379.0M
$383.0M
$495.7M
Other liabilities
$205.0M
$212.0M
$233.8M
$209.5M
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued in 2026 or 2025
0
0
0
0
Common stock, $0.01 par value; 120,000,000 shares authorized; June 30, 2026: 52,075,770 issued, and 51,875,970 outstanding; December 31, 2025: 51,974,355 issued and outstanding
1.0M
1.0M
500.0K
500.0K
Treasury stock, at cost June 30, 2026: 199,800 shares and December 31, 2025: 0 shares
-26.0M
—
—
—
Additional paid-in capital
$2.7B
$2.7B
$2.7B
$2.7B
Retained earnings
$1.5B
$1.5B
$1.4B
$1.4B
Accumulated other comprehensive income
$244.0M
$262.0M
$283.9M
$286.9M
Total stockholders’ equity
$4.5B
$4.5B
$4.4B
$4.4B
Total Liabilities and Stockholders’ Equity
$8.0B
$8.2B
$8.2B
$8.3B
Cash flow statement
JBT Marel Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net (loss) income
($50.5M)
$85.4M
$582.6M
$130.7M
Loss (gain) from discontinued operations, net of income taxes
($800.0K)
$800.0K
$453.3M
—
(Loss) income from continuing operations
($49.7M)
$84.6M
$129.3M
—
Depreciation
$87.4M
$31.6M
$30.8M
$33.4M
Amortization
$178.8M
$57.8M
$60.5M
$47.7M
Stock-based compensation
$23.2M
$14.7M
$11.4M
$10.2M
Pension and other post-retirement benefits expense
$148.4M
$28.5M
$1.8M
$1.7M
Deferred income taxes
($79.6M)
($25.8M)
($21.6M)
($25.8M)
Loss on deal contingent hedge
$0
$42.4M
—
—
Other
$59.5M
$12.3M
$6.6M
$8.5M
Trade receivables, net and contract assets
$13.7M
($59.2M)
($21.6M)
($52.2M)
Inventories
($53.9M)
$3.7M
$26.9M
($69.0M)
Accounts payable, trade and other
($16.3M)
$600.0K
($32.1M)
$47.8M
Advance and progress payments
$20.8M
$32.1M
($1.6M)
($8.1M)
Accrued pension and other post-retirement benefits, net
($5.1M)
($3.2M)
($12.1M)
($3.5M)
Income taxes on gain from sale of AeroTech
$0
$0
($133.2M)
—
Other assets and liabilities, net
$14.5M
$12.5M
$29.1M
$12.0M
Cash provided by continuing operating activities
$341.7M
$232.6M
$74.2M
—
Acquisitions, net of cash acquired
($1.7B)
$0
($100.0K)
($329.7M)
(Payments) proceeds from discontinued operations
($100.0K)
($4.8M)
—
—
Investment in unconsolidated affiliate
$0
$0
($10.4M)
—
Capital expenditures
($103.6M)
($37.9M)
($55.1M)
($87.6M)
Proceeds from disposal of assets
$6.6M
$1.4M
$2.1M
$1.2M
Purchase of marketable securities
$0
$0
($125.0M)
—
Proceeds from sale of marketable securities
$0
$0
$125.0M
—
Cash (required) provided by continuing investing activities
($1.8B)
($41.3M)
$729.3M
—
Net proceeds (payments) from short-term debt
$1.2M
$0
($700.0K)
$400.0K
Repayment of domestic credit facility
($2.4B)
$605.2M
($339.6M)
$292.3M
Net proceeds (payments) from domestic credit facilities, net of debt issuance cost
$1.5B
—
—
—
Proceeds from Term Loan B, net of debt issuance costs
$896.9M
—
—
—
Repayment of Term Loan B
$6.8M
—
—
—
Payment of debt issuance costs related to the Marel Transaction
($13.4M)
($26.2M)
—
—
Repayment of Term Loan B
($8.3M)
($3.0M)
($1.7M)
($1.3M)
Proceeds from issuance of 2030 convertible senior notes, net of debt issuance costs
$559.4M
—
$0
$0
Purchase of convertible bond hedge
($78.8M)
—
$0
$0
Proceeds from sale of warrants
$51.1M
—
$0
$0
Acquisition of noncontrolling interest of Marel
($24.4M)
—
—
—
Settlement of deal contingent hedge
($42.5M)
—
—
—
Proceeds from settlement of cross currency swaps
$0
$0
$5.8M
—
Common stock repurchases
$0
$0
($5.1M)
($7.7M)
Dividends
($20.9M)
($13.1M)
($12.8M)
($13.1M)
Other
($2.3M)
($1.1M)
—
—
Cash provided (required) by continuing financing activities
$458.1M
$561.8M
($354.1M)
$270.6M
Net (decrease) increase in cash from continuing operations
($1.0B)
$753.1M
$449.4M
—
Cash provided (required) by operating activities of discontinued operations, net
$0
$1.0M
($34.6M)
—
JBT Marel Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss)
$73.0M
$45.0M
($103.6M)
($169.6M)
Depreciation and amortization
$134.0M
$68.0M
$198.5M
$143.1M
Stock-based compensation
$19.0M
$7.0M
$17.1M
$9.3M
Impairment of intangible assets
$33.0M
—
—
—
Pension and other post-retirement benefits expense
$0
$1.0M
$148.2M
$147.5M
Other, net
$5.0M
$3.0M
$52.1M
$49.4M
Trade receivables, net and contract assets
($29.0M)
($21.0M)
$31.5M
$31.2M
Inventories
($60.0M)
($27.0M)
($68.6M)
($64.7M)
Accounts payable, trade and other
$45.0M
$38.0M
$23.0M
$14.3M
Advance and progress payments
$51.0M
$50.0M
$2.6M
$26.5M
Other assets and liabilities, net
($50.0M)
($45.0M)
($73.4M)
($47.2M)
Cash provided by operating activities
$221.0M
$119.0M
—
—
Acquisitions, net of cash acquired
$0
$0
($1.7B)
($1.7B)
Capital expenditures
($51.0M)
($26.0M)
($69.7M)
($38.5M)
Proceeds from disposal of assets
$9.0M
$7.0M
$4.5M
$4.5M
Cash required by investing activities
($42.0M)
($19.0M)
($1.8B)
($1.8B)
Repayment of domestic credit facility
($314.0M)
($177.0M)
($2.2B)
($852.5M)
Proceeds from domestic credit facility, net of debt issuance costs
$712.0M
$139.0M
$1.4B
$606.0M
Proceeds from Term Loan B, net of debt issuance costs
$0
$0
$896.9M
$890.4M
Repayment of Term Loan B
($202.0M)
($2.0M)
($4.5M)
($2.3M)
Repayment of 2026 Notes
($403.0M)
—
—
—
Payment of debt issuance costs related to the Marel Transaction
$0
$0
($13.4M)
($12.5M)
Acquisition of noncontrolling interest of Marel
$0
$0
($24.4M)
($24.4M)
Settlement of taxes withheld on stock-based compensation awards
($10.0M)
($9.0M)
($8.0M)
($8.0M)
Settlement of deal contingent hedge
$0
$0
($42.5M)
($42.5M)
Dividends
($11.0M)
($5.0M)
($15.7M)
($10.5M)
Purchases of treasury stock
($26.0M)
—
—
—
Cash (required) provided by financing activities
($254.0M)
($54.0M)
$490.9M
$543.4M
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
$0
($3.0M)
$1.0M
$1.7M
Net (decrease) increase in cash, cash equivalents and restricted cash
($75.0M)
$43.0M
($1.1B)
($1.1B)
Add: Cash and cash equivalents from discontinued operations, beginning of period
$187.0M
$187.0M
$1.2B
$1.2B
Add: Cash and cash equivalents from discontinued operations, end of period