| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 59 | 30.9x | 17.8x | Around median | |
Growth | 90 | 44.9% | 7.1% | Top tier | |
Quality | 54 | 3.8% | 4.5% | Around median | |
Safety | 61 | 2.8x | 2.6x | Around median | |
Capital Return | 34 | 0.35% | 2.12% | Bottom tier | |
Momentum | 16 | -17.4% | 2.9% | Bottom tier | |
Sentiment | 75 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
JBT Marel Corporation provides integrated food and beverage processing and automation solutions, including technologies for primary and secondary protein processing, food forming, coating, frying, and heating, end-of-line solutions, and warehouse automation. The company generates revenue from equipment sales and aftermarket services and parts, and operates through the Protein Solutions and Prepared Food and Beverage Solutions segments; approximately 70% of its total revenue is also linked to protein markets, making spending by poultry and protein producers a key driver of its business.
In quarter 2 of fiscal year 2026, revenue reached $981 million, up 5% year over year, consisting of 3% organic growth and a 2% positive currency impact. Gross profit was $359 million, representing a gross margin of approximately 36.6%, while net income was $28 million and earnings per share were $0.54; adjusted earnings before interest, taxes, depreciation, and amortization were $168 million, with a margin of approximately 17.1%. Compared with quarter 1 of fiscal year 2026, revenue increased from $936 million and gross profit rose from $329 million, but net income declined from $45 million.
The Protein Solutions segment generated revenue of $467 million in quarter 2 of fiscal year 2026, representing approximately 47.6% of consolidated revenue, and grew 11% year over year, including 8% organically and 3% from currency. Prepared Food and Beverage Solutions mathematically accounted for approximately $514 million of revenue, but remained flat year over year despite a positive currency impact of approximately 2%, due to logistics constraints and production inefficiencies during the optimization of the plant network. On a trailing-twelve-month basis through the latest period, the company recorded revenue of $3.9 billion, gross profit of $1.4 billion, and net income of $166.7 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $163.33 and a target range of between $150 and $175. The average is near the upper end of the 52-week range of $113.23 to $170.19, while the highest target exceeds the top of that range by only approximately 2.8%; this optimism is counterbalanced by a low target of $150 and the execution risks of plant optimization and input pressures. No reliable earnings multiple is available in the data, so the stock's valuation rests primarily on the company's ability to deliver the targeted margin expansion and reach an adjusted margin of 20% in fiscal year 2028.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue reached $981 million in quarter 2 of fiscal year 2026, up 5% year over year, including 3% organic growth and 2% from currency. The company recorded gross profit of $359 million, a gross margin of approximately 36.6%, net income of $28 million, and earnings per share of $0.54. Adjusted earnings before interest, taxes, depreciation, and amortization were also $168 million, representing a margin of approximately 17.1%.
Management reaffirmed its fiscal year 2026 revenue outlook of between $3.99 billion and $4.07 billion, equivalent to consolidated growth of 6% at the midpoint. It also expects a 145-basis-point expansion in the adjusted earnings before interest, taxes, depreciation, and amortization margin at the midpoint. For quarter 3 of fiscal year 2026, it expects organic growth of between 2% and 4% and an adjusted margin of between 17% and 17.5%, with a 1% negative currency impact.
Exposure to protein markets represents approximately 70% of the company's revenue, and poultry remains the largest category in Protein Solutions. Prepared Foods orders increased approximately 15% year over year in quarter 2 of fiscal year 2026, while the company recorded $45 million in cross-selling orders during the first six months of the year. The order backlog extends into fiscal year 2027, but the continuation of this strength depends on spending by poultry and protein producers remaining at elevated levels.
The company is consolidating its manufacturing and distribution network and has announced a reduction of approximately 1.3 million square feet, equivalent to about 15% of its global footprint. It expects these initiatives to generate annual savings of between $25 million and $30 million by fiscal year 2028, including $4 million to $5 million incorporated into the fiscal year 2026 outlook. It also targets approximately $9 million in annual savings from the warehouse automation restructuring, while the long-term goal remains reaching an adjusted earnings margin of 20% in fiscal year 2028.
Logistics constraints and production inefficiencies delayed approximately $20 million of Prepared Food and Beverage Solutions revenue in quarter 2 of fiscal year 2026, with an impact of $5 million to $6 million on adjusted earnings before interest, taxes, depreciation, and amortization. The company spends more than $100 million annually on logistics and did not fully recover the inflation in these costs through pricing during the quarter. Facility consolidation efforts also continue through the end of fiscal year 2027, maintaining the possibility of additional disruptions during the transition.
The company generated $179 million in free cash flow from the beginning of fiscal year 2026 through the end of quarter 2, representing a conversion rate equal to 58% of adjusted earnings before interest, taxes, depreciation, and amortization. Leverage declined to just below 2.5 times, entering the target range of between 2 times and 2.5 times. During the quarter, it repurchased $26 million of shares under an announced $200 million authorization and also declared quarterly cash dividends, while continuing to balance debt reduction against share repurchases.
