JBTMarel Corp (JBTM)
Pretax margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -170,500 | -154,700 | 95,400 | 167,200 | 155,400 | 165,000 | 155,800 | 138,300 | 134,000 | 126,900 | 133,700 | 123,400 | 130,200 | 145,500 | 152,700 | 159,400 | 145,400 | 143,300 | 145,500 | 161,500 |
| Revenue (ttm) | US$ in thousands | 2,710,300 | 2,177,800 | 1,716,000 | 1,693,000 | 1,642,800 | 1,668,200 | 1,664,400 | 1,818,900 | 1,814,100 | 1,780,400 | 1,861,100 | 1,759,600 | 1,838,200 | 1,919,700 | 1,868,300 | 1,810,100 | 1,751,900 | 1,687,900 | 1,727,800 | 1,833,900 |
| Pretax margin | -6.29% | -7.10% | 5.56% | 9.88% | 9.46% | 9.89% | 9.36% | 7.60% | 7.39% | 7.13% | 7.18% | 7.01% | 7.08% | 7.58% | 8.17% | 8.81% | 8.30% | 8.49% | 8.42% | 8.81% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-170,500K ÷ $2,710,300K
= -6.29%
The pretax margin of JBTMarel Corp exhibits a pattern of fluctuations over the analyzed periods, reflecting changing profitability before income taxes. From September 30, 2020, through September 30, 2021, the pretax margin remained relatively stable, oscillating around 8.3% to 8.8%, with the highest at 8.81% and the lowest at 8.17%.
Starting in late 2021, a gradual decline in pretax margin is noticeable, with values decreasing from 8.17% in December 2021 to approximately 7.01% in September 2022. This downward trend reflects a compression in pre-tax profitability, which continued into early 2023, with margins slightly increasing again to about 7.13% in March 2023 before rising modestly to 7.60% by September 2023.
A notable improvement occurs with the reported margins in late 2023 and early 2024, where the pretax margin increases significantly to 9.36% in December 2023, further rising to 9.89% in March 2024, and maintaining an upward trend at 9.46% in June and 9.88% in September 2024. These increases suggest a period of enhanced profitability.
However, a dramatic decline is observed after this peak, with the pretax margin falling sharply to 5.56% in December 2024. This decrease becomes more pronounced in the subsequent periods, turning negative at -7.10% in March 2025 and further to -6.29% by June 2025, indicating an operational turnaround that resulted in pre-tax losses during these periods.
Overall, the trend in JBTMarel Corp's pretax margin demonstrates periods of stability and growth punctuated by significant declines starting late 2024, culminating in operational losses by mid-2025. This pattern reflects variability in core profitability, potentially driven by changes in revenue, cost structures, or extraordinary items affecting pre-tax results over the analyzed timeframe.
Peer comparison
Jun 30, 2025