What is JBTM's unrecognized tax benefits?

JBTM (JBTM) reported unrecognized tax benefits of $379M in Q1 2026.

How has JBTM's unrecognized tax benefits changed year-over-year?

JBTM's unrecognized tax benefits decreased by 36.1% year-over-year, from $593.2M to $379M.

What does unrecognized tax benefits mean?

This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.

JBTM JBTM Unrecognized Tax Benefits

Unrecognized Tax Benefits at other companies

Otis WorldwideOTIS

$152M+2.0%

SSD

Simpson ManufacturingSSD

$30.71M-26.7%

APA CorporationAPA

$64M-28.1%

Service Corporation InternationalSCI

$698.35M+7.1%

Tyson FoodsTSN

$124M-21.0%

Morgan StanleyMS

$1.52B+16.3%

Other financials

Income statement

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Revenue$936.0M+9.6%

Gross profit$329.0M+12.7%

Operating income$68.0M+306%

Net income$45.0M+126%

EPS (diluted)$0.86+126%

Balance sheet

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Cash & equivalents$230.0M+93.3%

Total debt$2.3B+12.9%

Total equity$4.5B+9.2%

Total assets$8.2B+2.0%

Cash flow

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Operating cash flow$119.0M+250%

CapEx$26.0M+30.0%

Free cash flow$93.0M+564%

Valuation

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Market cap$6.9B—

Enterprise value$8.93B—

P/S1.8×—

Profitability

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Gross margin35.3%-0.4pp

Operating margin7.5%+4.9pp

Net margin-3.2%-13.4pp

FCF margin8.2%-1.4pp

Returns & leverage

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Return on equity-3.4%-15.1pp

Debt / equity0.5×0.0×

Current ratio1×-0.2×

Where this comes from

Reported directly by JBTM in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent.

The official record: JBTM’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is JBTM's unrecognized tax benefits?: JBTM (JBTM) reported unrecognized tax benefits of $379M in Q1 2026.
How has JBTM's unrecognized tax benefits changed year-over-year?: JBTM's unrecognized tax benefits decreased by 36.1% year-over-year, from $593.2M to $379M.
What does unrecognized tax benefits mean?: This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.