Gates vs JBT Marel
JBT Marel reported revenue of $3.8 billion in fiscal 2025, about the same as Gates' $3.4 billion in fiscal 2025. Gates' revenue grew 1.0% in its latest year, and JBT Marel's grew 121.3%. Gates had an operating margin of 13.5%, against 5.0% at JBT Marel. Free cash flow was $405 million at Gates and $238 million at JBT Marel.
Side by side
| Gates | JBT Marel | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.4B | $3.8B |
| Revenue growth | 1.0% | 121.3% |
| Revenue growth a year, last 5 years | 4.3% | 17.1% |
| Gross margin | 39.8% | 35.1% |
| Operating margin | 13.5% | 5.0% |
| Net margin | 7.3% | −1.3% |
| Free cash flow | $405M | $238M |
| Free cash flow margin | 11.8% | 6.3% |
| Return on capital | 7.5% | 3.9% |
| Net debt to EBITDA | 2.1x | 3.8x |
| Dividends and buybacks | $119M | $21M |
| Change in diluted share count | −1.6% | 61.5% |
| Last close | $24.10 | $128.35 |
| P/E at the last close | 16.9× | 34.1× |
| Insider trades, last 12 months | sold $2.0 million | sold $7.2 million |
| Piotroski F-score | 8 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
GatesJBT Marel
Operating margin
Percent of revenue
GatesJBT Marel
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GatesJBT Marel