Capital investment and capacitymixed · 5 filings
“Our level of capital expenditures varies from time to time as a result of actual and anticipated business conditions.”10-Q · Aug 5, 2026 ↗
JBT Marel Corporation
JBTM
Market read
JBT Marel Corporation's current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue increased 4.9% versus the comparable filing period.
Company+1.7% todayVolume comparison unavailable
Market group0 of 1 activeFood Processing Equipment · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- JBTM's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if JBTM's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
- Revenue increased 4.9% versus the comparable filing period.
- Net income increased 833.3% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- JBTM's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements143
Verified relationships1
Evidence supporting the case
- Latest annual revenue changed +121.3% year over year.
- Restructuring and cost reductions has repeated favorable evidence across 5 filings.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Operating margin changed -1.9 percentage points in the latest annual period.
- Net margin changed -6.3 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Tariffs and trade policy has repeated adverse evidence across 5 filings.
Questions before a position
- EV/sales is 36% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
114.256m-15.5%12m-16.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$1.4B-18.9%$3.71+0.0%
2022-12-31$1.6B+13.5%$4.28+0.0%
2023-12-31$1.7B+4.7%$18.13+0.0%
2024-12-31$1.7B+3.1%$2.65+0.3%
2025-12-31$3.8B+121.3%$-0.98—
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 5 filings
“Interest expense, net Interest expense, net decreased $47 million compared with the prior-year period, primarily due to the release of capitalized debt issuance costs associated with the termination of the Company’s bridge credit agreement in the first quarte…”10-Q · Aug 5, 2026 ↗
Restructuring and cost reductionspositive · 5 filings
“The table below provides a reconciliation of cash provided by operating activities to free cash flow: Six Months Ended June 30, (in millions) 2026 2025 Cash provided by operating activities $ 221 $ 137 Less: capital expenditures 51 39 Plus: proceeds from sale…”10-Q · Aug 5, 2026 ↗
Tariffs and trade policymixed · 5 filings
“The increase of $26 million, or 30.2%, was primarily driven by higher gross margin resulting from increased volume, synergy realization and a favorable net tariff impact, partially offset by higher inflationary costs.”10-Q · Aug 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.6× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
114.25+1.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for JBTM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-05 against the comparable filing from 2025-08-07.
OperationsconstructiveEvidence score +2
liquidityneutralEvidence score 0
valuationdiscount
Capital and cash conversion
Inventory built faster than revenue
Inventory growth exceeded revenue growth and inventory intensity increased.
- Capital spending YoY
- +30.8%
- Capital spending / revenue
- +2.7%
- Free-cash-flow margin
- +8.9%
- FCF margin change
- +3.4 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 4.9% versus the comparable filing period.
- Net income increased 833.3% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The increase was primarily driven by higher revenue, lower acquisition-related depreciation and amortization expense, lower interest expense, and a favorable net tariff impact, partially offset by a $33 million intangible asset impairment charge recorded during the second quarter of 2026 and higher inflationary costs.”
“The increases in Adjusted EBITDA and Adjusted EBITDA margin were primarily driven by higher sales volume and improved leverage of fixed costs compared to the prior-year period, partially offset by higher inflationary costs and net tariff costs, inclusive of tariff recoveries recognized during the second quarter of 2026, which remained a headwind during the period.”
“Adjusted EBITDA and Adjusted EBITDA margin were primarily driven by higher sales volume and improved leverage of fixed costs compared to the prior-year period, partially offset by higher inflationary costs and net tariff costs, inclusive of tariff recoveries recognized during the second quarter of 2026, which remained a headwind during the period.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind JBTM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
MIDDThe Middleby CorporationcompetitorMar 4, 2026 ▾
“Major competitors to the Food Processing Equipment Group include AMF Bakery Systems, Duravant, The GEA Group, JBT Marel Corporation and ProMach.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
JBTM is currently a Leader in the organic co-movement group Food Processing Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for JBTM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.