JBTMarel Corp (JBTM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 35.78% | 35.76% | 36.51% | 36.07% | 36.02% | 35.72% | 35.35% | 32.53% | 32.10% | 31.67% | 30.65% | 30.97% | 30.02% | 29.85% | 30.34% | 30.88% | 31.03% | 31.04% | 30.89% | 30.99% |
| Operating profit margin | 2.86% | 2.57% | 6.90% | 9.48% | 9.17% | 10.08% | 10.06% | 8.76% | 8.67% | 8.14% | 7.90% | 7.50% | 7.49% | 7.96% | 8.57% | 9.34% | 8.96% | 9.31% | 9.44% | 9.94% |
| 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% |
| Net profit margin | -5.08% | -5.07% | 4.98% | 8.91% | 33.69% | 33.30% | 33.64% | 29.63% | 7.25% | 7.43% | 7.02% | 7.09% | 6.52% | 6.09% | 6.34% | 6.46% | 5.98% | 6.33% | 6.30% | 6.59% |
The profitability ratios of JBTMarel Corp over the specified period reflect notable trends and fluctuations, indicative of the company's evolving financial performance.
Gross Profit Margin:
The gross profit margin exhibits a generally upward trend from September 2020 through September 2024. Starting at approximately 30.99% in September 2020, it demonstrated resilience with minor fluctuations, reaching a peak of approximately 36.51% in December 2024. This consistent increase suggests improved efficiency in cost management relative to sales, possibly driven by product mix optimization or better sourcing strategies. The margins improved notably in late 2023 and throughout 2024, indicating a favorable shift in gross profitability.
Operating Profit Margin:
The operating profit margin shows a more volatile trajectory, with an overall fluctuating pattern. Initially, it declined from approximately 9.94% in September 2020 to a low of around 7.49% in June 2022. Subsequently, there was a modest recovery, ascending to a high near 10.06% in December 2023. Despite this recovery, the margins decreased again in 2024, culminating in a marked decline to approximately 2.57% by March 2025. This pattern indicates periods of operational pressure, potentially due to increased operating expenses or competitive market factors impacting operating efficiency.
Pre-tax Margin:
The pre-tax margin follows a relatively stable trend from 2020 through 2023, fluctuating between approximately 8.81% and 9.89%. Thereafter, there is a decline into 2024, with a significant negative dip in March 2025, where it reaches approximately -7.10%. The negative pre-tax margins in the early 2025 period reflect detrimental non-operating factors or extraordinary charges adversely affecting profitability on pre-tax basis.
Net Profit Margin:
The net profit margin demonstrates a stable performance through most of 2020 and 2021, averaging around 6-7%, with incremental increases in late 2022 and 2023. However, a sudden and substantial spike occurs in September 2023, reaching approximately 29.63%, and remains elevated into early 2024. Notably, from December 2024 onward, the net profit margin declines sharply, turning negative by March 2025, at approximately -5.07%, indicating net losses attributable to extraordinary expenses or impairments.
Overall, the profitability metrics depict a picture of initial stability with gradual improvements in gross margin, temporarily impacted operational margins, and a later sharp deterioration in net profitability in early 2025. The recent negative margins suggest significant challenges impacting the company's bottom line, potentially including operational difficulties, increased costs, or exceptional items. The overall trend underscores the importance of scrutinizing underlying operational and financial factors influencing profitability trajectories.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 0.94% | 0.70% | 3.47% | 5.75% | 5.60% | 6.25% | 6.18% | 5.92% | 6.07% | 5.62% | 5.57% | 5.16% | 6.19% | 6.92% | 7.48% | 8.30% | 7.94% | 8.76% | 9.03% | 10.06% |
| Return on assets (ROA) | -1.67% | -1.38% | 2.50% | 5.41% | 20.58% | 20.65% | 20.66% | 20.05% | 5.09% | 5.13% | 4.95% | 4.89% | 5.40% | 5.29% | 5.53% | 5.73% | 5.30% | 5.95% | 6.02% | 6.67% |
| Return on total capital | -1.95% | -2.37% | 7.43% | 11.87% | 11.70% | 12.84% | 12.55% | 12.05% | 17.25% | 16.35% | 16.25% | 16.52% | 17.59% | 19.68% | 21.51% | 23.81% | 22.63% | 22.99% | 25.02% | 29.13% |
| Return on equity (ROE) | -3.15% | -2.69% | 5.53% | 9.51% | 36.44% | 37.25% | 37.60% | 39.25% | 14.29% | 14.85% | 14.44% | 15.48% | 15.18% | 14.93% | 15.78% | 16.53% | 15.28% | 15.89% | 17.08% | 19.76% |
The profitability ratios of JBTMarel Corp exhibit a variable trajectory over the analyzed period, reflecting fluctuations in operational efficiency, asset utilization, and capital returns.
Operating Return on Assets (Operating ROA):
This metric demonstrates a declining trend from a peak of approximately 10.06% on September 30, 2020, to a low of about 3.47% on December 31, 2024. During this period, the ratio experienced minor recoveries, such as reaching 6.18% on December 31, 2023, but continued to trend downward thereafter, culminating at 0.94% on June 30, 2025. The persistent decline indicates a reduction in operational efficiency in generating income from the company's assets over the timeframe.
Return on Assets (ROA):
Initially averaging around 6.67% at the end of September 2020, the ROA remained relatively stable through most of 2021 and 2022, fluctuating between approximately 4.89% and 5.73%. Notably, a significant spike occurred in late 2023, with ROA reaching over 20% during Q3 and Q4 of 2023, suggesting a period of enhanced asset utilization or profitability. However, this surge was short-lived, and subsequent data indicates a sharp decline, with ROA dropping to negative territory (-1.38% on March 31, 2025). These oscillations point toward periods of improved and deteriorated asset efficiency.
Return on Total Capital (ROTC):
This ratio shows a steady decrease from around 29.13% on September 30, 2020, to approximately 7.43% on December 31, 2024. The decline suggests diminishing effectiveness in generating returns from the company's total capital base over time. Recent data reveals negative readings approaching -2%, signaling potential challenges in capital deployment effectiveness or profitability.
Return on Equity (ROE):
The ROE trend mirrors overall profitability shifts, starting at approximately 19.76% in late 2020 and gradually declining through 2021 and 2022. An anomalous spike appears in the third quarter of 2023, with ROE reaching as high as 39.25%, possibly reflecting one-time gains or accounting adjustments. Following this peak, a downward trend is observed, with ROE falling below zero in early 2025, indicating negative returns on shareholders’ equity.
Overall Assessment:
The collective analysis of these profitability ratios suggests that JBTMarel Corp experienced periods of robust profitability, particularly in late 2023, but overall has faced a persistent downward trend from 2020 onward. The sustained decline in Operating ROA and ROTC indicates decreasing operational and capital efficiency. The fluctuations in ROA and ROE, with episodes of significant variability, highlight a potentially volatile profitability environment, which could be influenced by market conditions, operational challenges, or strategic shifts. The recent move into negative territory in key ratios signals increased financial strain or decreased earning capacity, warranting further investigation into underlying operational factors.