Demonstrações financeiras detalhadas de JBT Marel Corporation (JBTM): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
JBT Marel Corporation registou receitas de $3.80B no último exercício, com um CAGR de 5 anos de 17.1%.
Margens dos últimos 12 meses: margem bruta 35.6%, margem operacional 7.3%, margem líquida 4.9%. O fluxo de caixa livre cresceu a CAGR de 1.8% em 5 anos.
Ao preço atual de $111.41, JBTM negocia a um P/L de 30.48 e um ROE de 4.31%. A capitalização de mercado é de $5.8B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $1.35B | $1.64B | $1.92B | $1.95B | $1.73B | $1.40B | $1.59B | $1.66B | $1.72B | $3.80B |
| Custo da Receita | $969.8M | $1.16B | $1.38B | $1.35B | $1.19B | $918.7M | $1.06B | $1.08B | $1.09B | $2.46B |
| Lucro Bruto | $380.7M | $470.7M | $537.6M | $598.1M | $533.7M | $482.1M | $529.4M | $585.7M | $626.5M | $1.33B |
| P&D | $23.6M | $28.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $100.4M |
| Despesas Gerais e Administrativas | $267.4M | $325.2M | $346.8M | $396.4M | $358.5M | $351.4M | $389.7M | $409.6M | $506.7M | $1.02B |
| Despesas Operacionais | $279.7M | $326.9M | $393.8M | $409.9M | $370.6M | $356.5M | $396.8M | $421.0M | $508.1M | $1.15B |
| Lucro Operacional | $101.0M | $143.8M | $143.8M | $188.2M | $163.1M | $125.6M | $132.6M | $164.7M | $118.4M | $189.4M |
| EBITDA | $141.9M | $197.5M | $200.6M | $251.3M | $231.2M | $202.8M | $212.5M | $268.7M | $204.2M | $301.6M |
| Despesas com Juros | $9.4M | $13.6M | $13.9M | $18.8M | $13.9M | $11.2M | $16.3M | $24.3M | $19.4M | $107.5M |
| Lucro Antes de Impostos | $94.0M | $132.2M | $129.0M | $166.9M | $145.5M | $119.5M | $120.0M | $152.8M | $95.3M | -$65.0M |
| Imposto | $26.0M | $50.1M | $24.6M | $37.6M | $36.7M | $27.0M | $16.2M | $23.5M | $10.7M | -$15.3M |
| Lucro Líquido | $67.6M | $80.5M | $104.1M | $129.0M | $108.8M | $119.1M | $137.4M | $582.6M | $85.4M | -$50.5M |
| LPA | $2.30 | $2.56 | $3.26 | $4.04 | $3.40 | $3.70 | $4.08 | $18.21 | $2.67 | $-0.98 |
| LPA Diluído | $2.27 | $2.53 | $3.23 | $4.02 | $3.39 | $3.69 | $4.07 | $18.13 | $2.65 | $-0.99 |
| Ações em Circulação (Diluídas) | $29.8M | $31.9M | $32.2M | $32.0M | $32.1M | $32.1M | $32.1M | $32.1M | $32.2M | $52.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $1.00B | $1.01B | $936.0M | $981.0M |
| Lucro Bruto | $359.8M | $348.1M | $329.0M | $359.0M |
| Lucro Operacional | $102.1M | $72.3M | $68.0M | $46.0M |
| EBITDA | $160.6M | $131.6M | $138.0M | $114.0M |
| Lucro Líquido | $66.0M | $53.1M | $45.0M | $28.0M |
| LPA | $1.28 | $1.02 | $0.86 | $0.54 |
| LPA Diluído | $1.28 | $1.01 | $0.86 | $0.54 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $33.2M | $34.0M | $43.0M | $39.5M | $47.5M | $78.8M | $71.7M | $483.3M | $1.23B | $186.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $260.5M | $316.4M | $323.7M | $363.3M | $304.4M | $333.5M | $265.6M | $288.9M | $335.1M | $561.4M |
| Estoque | $139.6M | $190.2M | $206.1M | $245.0M | $197.3M | $229.1M | $264.0M | $238.9M | $233.1M | $643.7M |
| Ativos Circulantes | $485.0M | $588.6M | $618.5M | $708.2M | $616.1M | $718.7M | $926.5M | $1.10B | $1.86B | $1.58B |
| Imobilizado | $210.2M | $233.0M | $239.7M | $265.6M | $268.0M | $267.6M | $245.4M | $248.0M | $233.7M | $793.4M |
| Ágio | $239.5M | $301.8M | $321.4M | $528.9M | $543.9M | $684.8M | $770.1M | $779.5M | $769.1M | $3.43B |
| Ativos Intangíveis | $186.0M | $216.8M | $213.9M | $325.9M | $299.1M | $383.2M | $515.9M | $458.0M | $402.5M | $2.12B |
| Ativos Totais | $1.19B | $1.39B | $1.44B | $1.91B | $1.81B | $2.14B | $2.64B | $2.71B | $3.41B | $8.20B |
| Contas a Pagar | $135.7M | $157.1M | $191.2M | $198.6M | $140.7M | $186.0M | $170.6M | $134.6M | $131.0M | $261.9M |
| Dívida de Curto Prazo | $7.1M | $10.5M | $500000 | $900000 | $2.4M | 0 | $600000 | 0 | 0 | $411.9M |
| Passivos Circulantes | $393.0M | $441.4M | $485.3M | $474.5M | $457.5M | $549.9M | $624.0M | $484.4M | $535.5M | $1.62B |
| Dívida de Longo Prazo | $491.6M | $372.7M | $387.1M | $698.3M | $522.5M | $674.4M | $977.3M | $646.4M | $1.25B | $1.47B |
| Passivos Totais | $1.01B | $949.5M | $985.6M | $1.35B | $1.17B | $1.39B | $1.74B | $1.22B | $1.87B | $3.73B |
| Reservas | $266.6M | $333.7M | $416.5M | $532.8M | $627.8M | $733.4M | $894.0M | $1.46B | $1.54B | $1.46B |
| Patrimônio Líquido | $179.9M | $441.9M | $456.9M | $569.5M | $637.1M | $750.2M | $905.4M | $1.49B | $1.54B | $4.46B |
| Dívida Total | $498.7M | $383.2M | $387.6M | $699.2M | $524.9M | $674.4M | $977.9M | $646.4M | $1.25B | $1.88B |
| Dívida Líquida | $465.5M | $349.2M | $344.6M | $659.7M | $477.4M | $595.6M | $906.2M | $163.1M | $23.7M | $1.70B |
| Capital de Giro | $92.0M | $147.2M | $133.2M | $233.7M | $158.6M | $168.8M | $302.5M | $615.8M | $1.33B | -$40.2M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $114.9M | $186.5M | $230.0M | $112.0M |
| Ativos Totais | $8.20B | $8.20B | $8.16B | $8.01B |
| Passivos Totais | $3.78B | $3.73B | $3.68B | $3.53B |
| Patrimônio Líquido | $4.42B | $4.46B | $4.48B | $4.47B |
| Dívida Total | $1.91B | $1.88B | $1.84B | $1.68B |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $68.0M | $82.1M | $104.4M | $129.3M | $108.8M | $119.1M | $103.8M | $582.6M | $85.4M | -$50.5M |
| Depreciação e Amortização | $38.5M | $51.7M | $57.7M | $65.6M | $71.8M | $72.1M | $77.5M | $91.3M | $89.4M | $266.2M |
| Compensação em Ações | $9.9M | $9.0M | $9.7M | $9.4M | $1.9M | $5.5M | 0 | $11.4M | $14.7M | $23.2M |
| Variação Capital de Giro | -$46.7M | -$54.2M | -$2.1M | -$129.0M | $49.1M | -$73.7M | -$44.8M | $22.3M | -$46.2M | -$26.3M |
| Fluxo de Caixa Operacional | $67.4M | $104.6M | $153.9M | $110.2M | $252.0M | $223.8M | $142.3M | $39.6M | $233.6M | $341.7M |
| CapEx | -$37.1M | -$37.9M | -$39.8M | -$37.9M | -$34.3M | -$51.7M | -$84.6M | -$55.1M | -$37.9M | -$103.6M |
| Aquisições | -$232.0M | -$104.2M | -$57.5M | -$365.9M | -$4.5M | -$224.5M | -$328.6M | -$100000 | 0 | -$1.75B |
| Recompra de Ações | -$4.3M | -$5.0M | -$20.0M | 0 | 0 | -$2.2M | -$7.7M | -$6.8M | -$3.0M | 0 |
| Dividendos Pagos | -$11.8M | -$12.7M | -$13.1M | -$12.7M | -$12.8M | -$12.8M | -$13.1M | -$12.8M | -$13.1M | -$20.9M |
| Fluxo de Caixa Livre | $30.3M | $66.7M | $114.1M | $72.3M | $217.7M | $172.1M | $57.7M | -$15.5M | $195.7M | $238.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $87.7M | $117.4M | $119.0M | $102.0M |
| CapEx | -$31.2M | -$33.9M | -$26.0M | -$25.0M |
| Fluxo de Caixa Livre | $56.5M | $83.5M | $93.0M | $77.0M |
| Dividendos Pagos | -$5.2M | -$5.2M | -$5.0M | -$6.0M |
| Compensação em Ações | 0 | 0 | $7.0M | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +21.1% | +17.4% | +1.4% | -11.2% | -18.9% | +13.5% | +4.7% | +3.1% | +121.3% |
| Crescimento Lucro Líquido (anual) | | +19.1% | +29.3% | +23.9% | -15.7% | +9.5% | +15.4% | +324.0% | -85.3% | -159.1% |
| Crescimento LPA (anual) | | +11.3% | +27.3% | +23.9% | -15.8% | +8.8% | +10.3% | +346.3% | -85.3% | -136.7% |
| Variação de Ações (anual) | | +7.0% | +0.9% | -0.6% | +0.3% | +0.0% | +0.0% | +0.0% | +0.3% | +62.4% |
| Crescimento FCF (anual) | | +120.1% | +71.1% | -36.6% | +201.1% | -20.9% | -66.5% | -126.9% | +1362.6% | +21.7% |
| Margem Bruta | 28.2% | 28.8% | 28.0% | 30.7% | 30.9% | 34.4% | 33.3% | 35.2% | 36.5% | 35.1% |
| Margem Operacional | 7.5% | 8.8% | 7.5% | 9.7% | 9.4% | 9.0% | 8.3% | 9.9% | 6.9% | 5.0% |
| Margem EBITDA | 10.5% | 12.1% | 10.4% | 12.9% | 13.4% | 14.5% | 13.4% | 16.1% | 11.9% | 7.9% |
| Margem Líquida | 5.0% | 4.9% | 5.4% | 6.6% | 6.3% | 8.5% | 8.6% | 35.0% | 5.0% | -1.3% |
| Margem FCF | 2.2% | 4.1% | 5.9% | 3.7% | 12.6% | 12.3% | 3.6% | -0.9% | 11.4% | 6.3% |
| Taxa Efetiva de Imposto | 27.7% | 37.9% | 19.1% | 22.5% | 25.2% | 22.6% | 13.5% | 15.4% | 11.2% | 23.5% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.02 | $2.09 | $3.54 | $2.26 | $6.78 | $5.36 | $1.80 | $-0.48 | $6.08 | $4.55 |
| Dividendo por Ação | $0.40 | $0.40 | $0.41 | $0.40 | $0.40 | $0.40 | $0.41 | $0.40 | $0.41 | $0.40 |
| Ações em Circulação (Básicas) | $29.4M | $31.4M | $31.9M | $31.9M | $32.0M | $32.0M | $32.0M | $32.0M | $32.0M | $52.0M |
O que olhar em Industriais
Aeroespacial, defesa, maquinaria, transporte. Semi-cíclicos. Chave: backlog, margens operacionais e conversão de FCF.
- Crescimento receita 5 anos — Sem crescimento, não há criação de valor a longo prazo
- Margem operacional — O melhor indicador de disciplina operacional em industriais
- ROIC — Industriais de qualidade têm ROIC >15% — os outros destroem capital
- Conversão FCF — FCF / Net Income — em industriais bom >85%
- Dívida líquida / EBITDA — Industriais cíclicos com dívida alta sofrem muito em recessão
- Capex / Receita — Manter a maquinaria. <4% = possível subinvestimento (deterioração futura)
- Altman Z-Score — Modelo de falência (NYU 1968) — combina liquidez, alavancagem e rentabilidade. Chave em cíclicas
Rentabilidade
| Retorno sobre patrimônio | 4.31% |
| Retorno sobre capital investido | 3.48% |
| Retorno sobre ativos | 2.40% |
| Margem bruta | 35.55% |
| Margem operacional | 7.35% |
| Margem líquida | 4.89% |
Saúde financeira
| Dívida / Patrimônio | 0.38 |
| Liquidez corrente | 1.24 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 2.04 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 37.37 | 43.36 | 22.03 | 27.89 | 33.49 | 41.50 | 22.38 | 5.46 | 47.60 | -153.74 |
| P/VP | 14.05 | 7.89 | 5.01 | 6.31 | 5.72 | 6.55 | 3.23 | 2.14 | 2.63 | 1.76 |
| P/V | 1.87 | 2.13 | 1.19 | 1.85 | 2.11 | 3.51 | 1.84 | 1.91 | 2.37 | 2.06 |
| Margem Bruta | 28.2% | 28.8% | 28.0% | 30.7% | 30.9% | 34.4% | 33.3% | 35.2% | 36.5% | 35.1% |
| Margem Operacional | 7.5% | 8.8% | 7.5% | 9.7% | 9.4% | 9.0% | 8.3% | 9.9% | 6.9% | 5.0% |
| Margem Líquida | 5.0% | 4.9% | 5.4% | 6.6% | 6.3% | 8.5% | 8.6% | 35.0% | 5.0% | -1.3% |