JBT Marel Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.80B | $1.72B | $1.66B | $1.59B | $1.87B | $1.73B | $1.95B | $1.92B |
| Cost of Revenue | $2.46B | $1.09B | $1.08B | $1.06B | — | — | — | $1.38B |
| Gross Profit | $1.33B | $626.5M | $585.7M | $255.0M | $219.6M | $223.5M | $263.6M | $233.6M |
| Gross Margin | 35.1% | 36.5% | 35.2% | 16.0% | 11.8% | 12.9% | 13.5% | 12.2% |
| Operating Expenses | ||||||||
| Research & Development | $116.3M | $20.9M | $20.5M | $23.0M | $22.0M | $29.3M | $28.5M | $26.9M |
| SG&A Expense | — | — | $409.6M | $389.7M | $351.4M | $358.5M | $396.4M | $346.8M |
| Operating Income | $189.4M | $118.4M | $164.7M | $132.6M | $125.6M | $163.1M | $188.2M | $143.8M |
| Operating Margin | 5.0% | 6.9% | 9.9% | 8.3% | 6.7% | 9.4% | 9.7% | 7.5% |
| Interest Expense | $114.4M | $19.4M | $24.3M | $16.3M | $11.2M | $13.9M | $18.8M | $13.9M |
| Pretax Income | $-62.4M | $95.3M | $153.1M | $120.0M | $119.5M | $145.5M | $166.9M | $129.0M |
| Income Tax Expense | $-13.1M | $10.7M | $23.5M | $16.2M | $27.0M | $36.7M | $37.6M | $24.6M |
| Net Income | $-50.5M | $85.4M | $582.6M | $137.4M | $119.1M | $108.8M | $129.0M | $104.1M |
| Net Margin | -1.3% | 5.0% | 35.0% | 8.6% | 6.4% | 6.3% | 6.6% | 5.4% |
| EPS (Basic) | $-0.98 | $2.67 | $18.21 | $4.29 | $3.72 | $3.40 | $4.04 | $3.26 |
| EPS (Diluted) | $-0.98 | $2.65 | $18.13 | $4.28 | $3.71 | $3.39 | $4.02 | $3.23 |
| Shares Outstanding (Basic) | 52.0M | 32.0M | 32.0M | 32.0M | 32.0M | 32.0M | 31.9M | 31.9M |
| Shares Outstanding (Diluted) | 52.0M | 32.2M | 32.1M | 32.1M | 32.1M | 32.1M | 32.0M | 32.2M |
| Dividends Per Share | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 |