JBT Marel Corporation Common Stock (JBTM)

FairStock Score: 55/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business and the price. JBT Marel sells equipment, software, and services to food and beverage processors, primarily in protein and prepared foods. That can be a sticky business because equipment is embedded in customers' plants and service matters, but the figures do not yet prove a wide moat. The reported record is uneven: in fiscal 2023, the year ended 2023-12-31, net income was $582.6M and diluted EPS $18.13; in fiscal 2024, the year ended 2024-12-31, net income was $85.4M and diluted EPS $2.65; in fiscal 2025, the year ended 2025-12-31, it swung to a net loss of $50.5M and diluted EPS -$0.98. FairStock classifies it as a TURNAROUND because of that loss in the latest year after earlier profits. Recent quarters show progress: in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $45.0M and diluted EPS $0.86; in fiscal Q2 2026, the quarter ended 2026-06-30, net income was $28.0M and diluted EPS $0.54 on revenue of $981.0M. Still, Q2 2026 net margin was only 2.85%, and FairStock calculations show ROE of 4.37% and ROCE of 3.13%, which are weak. The Piotroski F-Score of 8/9 and trailing free cash flow of $310.1M, a 5.6% FCF yield, are encouraging. But the Altman Z-Score of 1.39 signals balance-sheet caution, despite a debt-to-equity ratio of 0.38. Valuation is the rub. At the 2026-10-13 close of $106.61, the P/E is 28.74 and P/B is 1.23. The Graham Number is $84.83, leaving a negative margin of safety of -25.67%. Price is near the low end of its 52-week range of $103.26-$170.19, but that alone is not enough. I would want evidence that margins and returns on capital are recovering before calling this cheap.

In plain English: JBT Marel makes machines, software, and services for food and beverage processing, especially protein and prepared foods. The business has been uneven: it lost money in fiscal 2025 but has recently posted quarterly profits and produces more cash than it uses in operations. At the recent price, the stock looks expensive relative to its earnings and asset value, so it does not appear to be a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer