JBTM on NYSE

JBT Marel Corporation

Logo: Pearsejward, CC0, via Wikimedia Commons4

American food processing machinery and automated vehicle company

JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2008Founded1

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  • TickerJBTM on NYSE1
  • Industryfood processing industry1
  • HeadquartersChicago1
  • Websitewww.jbtc.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address333 West Wacker Drive, Suite 3400, Chicago, Il 606065
  • Filer categoryLarge accelerated filer5

JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.0%Operating margin7
-1.3%Net margin7
121.3%Revenue growth, 20257
-1.1%Return on equity7
0.33×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Prepared Food and Beverage Solutions brought in 55% of the revenue JBT Marel Corporation broke down this way in fiscal 2025.

  1. Prepared Food and Beverage Solutions$2.1B755%up 35% from 2024
  2. Protein Solutions$1.7B745%up 917% from 2024
Business segments by year
Business segments202320242025
Prepared Food and Beverage Solutions$1.5B$1.5B$2.1B
Protein Solutions$187.8M$168.7M$1.7B

Regions

Outside the United States brought in 62% of the revenue JBT Marel Corporation broke down this way in fiscal 2025.

  1. Outside the United States$2.4B762%up 201% from 2024
  2. United States$1.4B738%up 54% from 2024
Regions by year
Regions202320242025
Outside the United States$715.1M$783.7M$2.4B
United States$949.3M$932.3M$1.4B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$2.5B
  • Research and development3¢$116.3M
  • Other costs29¢$1.1B
  • Interest3¢$114.4M
  • Income tax0¢$13.1M

Out of $3.8B in revenue.7 The company lost money this year.

Financial statements

Revenue8910117$3.8B in 2025+95% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.9B$1.9B20192020: $1.7B$1.7B2020−11%2021: $1.4B$1.4B2021−19%2022: $1.6B$1.6B2022+14%2023: $1.7B$1.7B2023+5%2024: $1.7B$1.7B2024+3%2025: $3.8B$3.8B2025+121%
Gross profit89$255.0M in 2022−3% since 2019
0$100.0M$200.0M$300.0M2019: $263.6M$263.6M20192020: $223.5M$223.5M2020−15%2021: $219.6M$219.6M2021−2%2022: $255.0M$255.0M2022+16%
Operating income8910117$189.4M in 2025+1% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $188.2M$188.2M20192020: $163.1M$163.1M2020−13%2021: $125.6M$125.6M2021−23%2022: $132.6M$132.6M2022+6%2023: $164.7M$164.7M2023+24%2024: $118.4M$118.4M2024−28%2025: $189.4M$189.4M2025+60%
Net income8910117-$50.5M in 2025
-$200.0M0$200.0M$400.0M$600.0M2019: $129.0M$129.0M20192020: $108.8M$108.8M2020−16%2021: $119.1M$119.1M2021+9%2022: $137.4M$137.4M2022+15%2023: $582.6M$582.6M2023+324%2024: $85.4M$85.4M2024−85%2025: -$50.5M-$50.5M2025

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenue$3.8B$1.7B$1.7B
Cost of sales$2.5B$1.1B$1.1B
Selling, general and administrative expense$1.1B$506.7M$409.6M
Restructuring expense$29.3M$1.4M$11.4M
Operating income$189.4M$118.4M$164.7M
Pension expense, other than service cost$148.5M$27.3M$700.0K
Interest (income)-$11.1M-$23.7M-$13.4M
Interest expense$114.4M$19.4M$24.3M
Loss on investment$10.6M$0$0
Other (income)-$10.6M$0$0
(Loss) income from continuing operations before income taxes-$62.4M$95.4M$153.1M
Income tax (benefit) provision-$13.1M$10.7M$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
Continuing operations (in Dollars per share)-$1$3$4
Discontinued operations (in Dollars per share)-$0$0$14
Net income (in Dollars per share)-$0.98$2.67$18.21
Continuing operations (in Dollars per share)-$1$3$4
Discontinued operations (in Dollars per share)-$0$0$14
Net income (in Dollars per share)-$0.98$2.65$18.13
Basic (in Shares)52.0M shares32.0M shares32.0M shares
Diluted (in Shares)52.0M shares32.2M shares32.1M shares

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The story

The Bean Spray Pump Company

Founded in 1884 as the Bean Spray Pump Company in Los Gatos, California by orchardist John Bean. The company's first product was a piston pump, which Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer is on display at the Forbes Mill museum there. Bean Avenue in downtown Los Gatos is named after John Bean.

FMC

In 1928, Bean Spray Pump purchased Anderson-Barngrover Co. and Sprague-Sells, and changed its name to Food Machinery Corporation, and began using the initials FMC. FMC received a contract to design and build landing vehicles tracked for the United States War Department in 1941. FMC also built the M113 (APC) Armored Personnel Carrier and the Bradley Fighting Vehicle as well as the XR311 at its former facility in Santa Clara, California. The troubled development of the Bradley was satirized in the 1998 HBO movie The Pentagon Wars. In the movie FMC was fictionalized as A.O.C corporation. Bean also manufactured fire fighting equipment in the 1960s through the 1980s under the FMC and the Bean names.

FMC also produced fire truck fire pumps and pumper bodies, and had an OEM arrangement with LTI (Ladder Towers Inc.) to market aerial ladders. In the early 1980s the Fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division. FMC was ultimately unsuccessful in its expansion into production of aerial ladders. The FMC Fire Apparatus division was also ultimately shut down in 1990.

Spinoffs

In 1946, FMC bought out Bolens Lawn And Garden Equipment. FMC changed names again in 1948, becoming Food Machinery and Chemical Corporation. In 1961 the name was changed to FMC Corporation.

In 1967, the FMC Corporation merged with the Link-Belt Company. The company produced FMC Link-Belt branded cranes and excavators. In 1986, the Link-Belt Construction Equipment Company was formed as a joint venture between FMC Corporation and Sumitomo Heavy Industries.

Between 1965 and 1985 FMC was the owner of the Gunderson metal works in Oregon USA, during that period it was known as the 'Marine and Rail Equipment Division of FMC' (MRED), it was sold in 1985 to The Greenbrier Companies.

In the 1980s, 1990s, and 2000s (decade), FMC Corporation began spinning several of its divisions into separate companies, including United Defense and FMC Technologies, and selling its divisions, including the John Bean Company, now a subsidiary of Snap-on Equipment, a division of Snap-on. Bolens was sold to Troy Built in 1991.

On April 30, 2008, FMC Technologies announced the spinoff of its airport and food equipment businesses into a separate company named John Bean Technologies Corporation, headquartered in Chicago, Illinois. JBT is named after the spray pump inventor whose business was the foundation of FMC Corp.

Read the full text

In 2023 JBT sold AeroTech, which produces airport equipment, to the Oshkosh Corporation.

From Wikipedia’s article on JBT Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led JBT Marel Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Products and brands

  • Prevenio

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • JBT (France)

From Wikidata.1

Acquisitions

2015

September: A&B Process Systems - processing systems for the beverage and food industries

2017

February: Avure Technologies, Inc. - high pressure processing (HPP) systems

Read the full text

July: PLF International Limited - powder filling systems for the global food and beverage markets

2018

January: Schröder Maschinenbau KG - complementary protein processing equipment which JBT Wolf-tec has distributed for many years

2019

June: Proseal - tray sealing technology for the food industry

2021

March: AutoCoding Systems - label inspection and verification software

June: Prevenio - food safety primarily for the poultry industry

November: Urtasun - fruit and vegetable processing

2022

July: Alco-food-machines - further food processing and production lines

September: Bevcorp - equipment and aftermarket support for the beverage processing and packaging market in the United States

2025

January: JBT Corporation completed its proposed acquisition of Marel. Following this JBT changed its corporate name to JBT Marel Corporation

From Wikipedia’s article on JBT Corporation, shared under CC BY-SA 4.0.6

Former names

  • John Bean Technologies CORPApr 30, 2008 to Dec 20, 20245

Timeline

  1. 2008Founded Founded1

Recent filings

  1. Aug 5, 202610-Q
  2. Aug 3, 20268-K
  3. Jul 17, 20264 PRIMARY DOCUMENT
  4. Jul 1, 20264 PRIMARY DOCUMENT
  5. Jun 3, 20264 PRIMARY DOCUMENT
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  14. Jun 3, 20263 PRIMARY DOCUMENT
  15. Jun 1, 2026SD

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2