JBTMarel Corp (JBTM)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | -85,300 | -97,200 | 114,800 | 188,100 | 177,700 | 191,400 | 186,800 | 165,500 | 158,900 | 145,700 | 147,100 | 133,200 | 138,900 | 154,200 | 161,400 | 168,400 | 155,200 | 154,500 | 159,400 | 178,100 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,374,900 | 4,107,300 | 1,544,200 | 1,585,100 | 1,518,800 | 1,491,100 | 1,488,900 | 1,373,100 | 921,200 | 891,000 | 905,400 | 806,200 | 789,800 | 783,600 | 750,200 | 707,300 | 685,700 | 672,100 | 637,100 | 611,400 |
| 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% |
June 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-85,300K ÷ ($—K + $4,374,900K)
= -1.95%
The analysis of JBTMarel Corp's return on total capital over the observed period reveals significant fluctuations indicating variability in the company’s efficiency in generating profits from its total capital base.
Between September 30, 2020, and March 31, 2021, the return experienced a declining trend, dropping from 29.13% to 22.99%. This decline persisted into June 30, 2021, with a slight decrease to 22.63%, before experiencing a marginal rebound to 23.81% at the end of September 2021. Subsequently, the figure continued its downward trajectory through December 31, 2021 (21.51%), reaching 19.68% by March 31, 2022, and further decreasing to 17.59% on June 30, 2022.
The decline persisted into late 2022, with the return at 16.52% on September 30, 2022, and slightly decreasing further to 16.25% at the end of December 2022. Moving into 2023, the return mildly increased to 16.35% in March and further to 17.25% by June, but then experienced a notable decline to 12.05% on September 30, 2023, and a slight recovery to 12.55% by year-end. The trend continued into early 2024, with the return reaching 12.84% in March before declining again through June and September 2024 to approximately 11.70% and 11.87%, respectively.
A significant shift occurred in the latest period, with the return plunging to 7.43% at December 31, 2024, and turning negative at the subsequent reporting dates—-recording -2.37% on March 31, 2025, and -1.95% on June 30, 2025. These negative figures suggest a deterioration in the company's ability to generate returns from its total capital, indicative of potential operational or financial challenges.
Overall, the historical trend demonstrates a gradual decline in return on total capital from high levels in 2020 to negative territory by mid-2025. This decline may reflect increased operational costs, decreased profitability, challenges in capital utilization, or shifting market conditions impacting the company's financial performance.
Peer comparison
Jun 30, 2025