Pricing Log in Create free account
Friday 6 November 2026 Export MIDD’s income statement to Excel — free account

The Middleby Corporation

MIDD Industrials Specialty Industrial Machinery

The Middleby Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 1.62% from fiscal 2024.

Revenue
+9.88%
EPS
−39.8%
Free cash flow
−544.6%
Total debt
−16.7%

Quarter to June 2026, against a year earlier

130.04 2.49 +1.95%
Market cap
$5.9B
P/E
0.0×
Fwd P/E
21.5×
Dividend yield
—
F-score
5/9
Altman Z
3.08
Beneish M
−2.74
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 15.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 2 — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.07%

Capital & Financial Ratios $m

Size
Market Cap 5,890.00
Revenue ttm 3,389.24
Net income ttm (471.30)
Free cash flow ttm 482.09
Net debt Q 1,820.35
Valuation
P/E 0.00
Forward P/E 21.50
Price / sales 1.74
Forward P/S Powerpack
Price / FCF 12.25
Price / book 2.67
Financial health
Current ratio Q 1.99 (at or above 1.5: strong)
Debt / equity Q 0.90
Interest coverage Q 5.69
Growth
Revenue growth Q +9.88% (above 0%: growing)
Operating income growth Q −0.05% (below 0%: shrinking)
EPS, this year +2.87%
EPS, next year A +13.73%
Revenue, next year A −21.56% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +10.32%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.3×, against a ten-year median of 2.7×; over the ten years it ranged from 1.5× in 2020 to 3.7× in 2021.
P/S against its own 10 years 26.95%
10-year low 10-year high
P/B against its own 10 years 46.68%
10-year low 10-year high
EV/Sales against its own 10 years 20.94%
10-year low 10-year high
EV/FCF against its own 10 years 32.31%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 247 639 222 159
Receivables 645 532 573 601
Inventory 936 656 693 738
Other — 365 1,102 12
1,966 2,330 2,743 1,644
2023 2024 2025 Q'26
Payables 227 166 207 224
ST’ Debt 45 44 44 44
Other — 126 242 10
851 829 1,068 827

Compound Annual Growth %

10y 5y 3y
Sales 5.77% 4.96% (7.41%)
Cash Flow 9.70% 3.73% 23.75%
Earnings 0.00% 0.00% 0.00%
Book Value 9.05% 7.03% (0.26%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.28 Actual 2.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 2.03 2.37 Beat by 0.34
Q4 FY25 2.27 2.42 Beat by 0.15
Q1 FY26 1.94 2.16 Beat by 0.22
Q2 FY26 2.28 2.35 Beat by 0.07
Q3 FY26 1.74 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (1.06) 1.21 — — —
’25 1.69 1.99 (10.15) 0.74 (5.32)
’24 1.59 2.13 2.11 2.07 7.90
’23 1.82 2.16 2.01 1.42 7.41
’22 1.52 2.07 1.92 2.45 7.95
’21 1.59 2.13 3.09 1.80 8.62
’20 1.33 0.39 1.10 0.94 3.76
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 840 876 — — —
’25 731 797 807 866 3,201
’24 753 799 770 829 3,150
’23 1,007 1,040 981 214 3,242
’22 995 1,014 993 1,032 4,033
’21 758 809 818 866 3,251
’20 677 472 635 729 2,513
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 66 98 — — —
’25 141 122 176 191 630
’24 141 150 157 240 687
’23 92 62 219 256 629
’22 (15) 105 84 159 333
’21 60 113 174 77 423
’20 87 78 151 209 525
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 622 (478) — — —
’25 114 107 142 195 558
’24 127 139 145 242 653
’23 65 39 198 266 568
’22 (30) 87 65 141 263
’21 54 105 163 56 378
’20 78 73 144 201 497
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,268 2,336 2,723 2,959 2,513 3,251 4,033 3,242 3,150 3,201 3,389 +3.9% 2,511 2,610 2,729 (5.2%)
Gross margin, % 39.74 39.08 36.88 37.29 35.10 36.76 35.87 39.61 39.74 39.11 38.40 (0.6) pt
EBT 421 384 424 463 268 620 564 536 566 482 483 +1.5%
EBT margin, % 18.58 16.42 15.55 15.63 10.67 19.06 14.00 16.54 17.97 15.07 14.26 (3.5) pt
Net income 284 298 317 352 207 488 437 401 428 (278) (471) n/m
Per share, $
Per share, $ Revenue 39.77 41.18 48.99 53.18 45.62 58.87 74.55 60.51 58.62 61.97 74.77 +5.1%
Earnings 4.98 5.26 5.71 6.33 3.76 8.85 8.07 7.48 7.97 (5.38) (9.26) n/m
Cash flow 5.16 5.37 6.64 6.78 9.53 7.67 6.15 11.74 12.78 12.20 11.70 +10.0%
Capex (0.44) (0.71) (0.75) (0.84) (0.50) (0.82) (1.29) (1.14) (0.64) (1.39) (1.07) +13.8%
Free cash flow 4.72 4.66 5.89 5.94 9.02 6.85 4.86 10.60 12.14 10.81 10.64 +9.6%
Book value 22.19 24.00 29.96 34.99 35.88 45.17 51.72 60.66 67.71 53.75 48.76 +10.3%
Shares, m 57 57 56 56 55 55 54 54 54 52 49 (1.1%)
Valuation, ×
Valuation, × P/E 21.01 21.00 14.67 14.10 27.95 18.12 13.47 15.84 13.85 0.00 0.00 16.0
P/S 2.64 2.68 1.71 1.68 2.30 2.72 1.46 1.96 1.88 1.96 1.74 2.1
P/B 4.72 4.59 2.79 2.55 2.93 3.55 2.11 1.95 1.63 2.25 2.67 2.9
EV/Sales 2.93 3.08 2.38 2.28 2.89 3.41 2.10 2.63 2.44 2.56 2.28 2.7
EV/FCF 24.66 27.22 19.77 20.73 14.59 29.88 32.14 15.01 11.78 14.70 16.04 21.0
Cash, $m
Cash, $m Operating cash flow 294 304 369 377 525 423 333 629 687 630 530 +8.8%
Capex (25) (40) (41) (47) (28) (45) (70) (61) (34) (72) (48) +12.5%
Free cash flow 269 264 327 331 497 378 263 568 653 558 482 +8.4%
Balance, $m
Balance, $m Working capital 323 458 503 616 570 792 1,018 1,115 1,501 1,674 817 +20.1%
Net debt 664 939 1,820 1,779 1,461 2,234 2,560 2,178 1,756 1,951 1,820 +12.7%
Shareholders’ equity 1,265 1,361 1,665 1,947 1,977 2,494 2,798 3,250 3,638 2,776 2,210 +9.1%
Returns, %
Returns, % ROA 10.01 9.53 8.04 7.38 4.06 8.43 6.59 5.82 6.04 (4.08) (7.42) (14.1) pt
ROIC 13.58 10.29 8.00 8.62 5.90 8.33 7.46 7.51 7.46 7.60 8.97 (6.0) pt
ROE 23.37 22.70 20.96 19.50 10.57 21.85 16.50 13.26 12.44 (8.66) (16.16) (32.0) pt
People
People Employees 3,886 4,496 9,346 9,778 5,413 10,624 11,268 10,722 10,616 8,826 — +9.5%
Revenue/emp, $m 0.58 0.52 0.29 0.30 0.46 0.31 0.36 0.30 0.30 0.36 — (5.1%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

The Middleby Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
JBTM JBT Marel Corporation $6.5B 33.5× 24.9× −0.70% (below 0%: shrinking) +7.87% (above 0%: growing) +30.36% (above 0%: growing) 35.51% 10.06% Compare
GTES Gates Industrial Corporation PLC $5.9B 16.3× 16.2× +5.60% (above 0%: growing) +9.68% (above 0%: growing) −47.48% (below 0%: shrinking) 42.42% 14.53% Compare
MIDD The Middleby Corporation $5.9B — (loss-making) 21.5× +9.88% (above 0%: growing) −39.80% (below 0%: shrinking) −544.63% (below 0%: shrinking) 38.27% 16.87%
NPO Enpro Inc. $5.5B 87.4× 44.4× +22.40% (above 0%: growing) +84.55% (above 0%: growing) +30.13% (above 0%: growing) 43.67% 18.04% Compare
CSW CSW Industrials, Inc. $4.5B 35.2× 30.1× +30.51% (above 0%: growing) +21.47% (above 0%: growing) +56.64% (above 0%: growing) 42.03% 20.90% Compare
FELE Franklin Electric Co., Inc. $4.2B 21.3× 21.1× +8.92% (above 0%: growing) +273.30% (above 0%: growing) −28.37% (below 0%: shrinking) 35.36% 13.65% Compare
MIR Mirion Technologies, Inc. $4.2B 146× 113× +24.52% (above 0%: growing) +222.00% (above 0%: growing) +255.64% (above 0%: growing) 47.34% 6.19% Compare
MWA MUELLER WATER PRODUCTS $3.9B 17.2× 15.6× +4.10% (above 0%: growing) +26.47% (above 0%: growing) +70.92% (above 0%: growing) 39.35% 20.36% Compare
XE X-Energy, Inc. $3.7B — — — n/m — 100.00% (201.52%) Compare
Median of peers $4.4B 33.5× 24.9× +8.92% +26.47% +30.36% 42.23% 14.09%

All 79 Specialty Industrial Machinery stocks →

Pay and ownership Proxy statement filed 8 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 8.21m 10.96m 115.32
2024 7.53m 10.01m 105.07
2023 8.43m 12.21m 114.16
2022 9.40m 7.17m 103.86
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

The Middleby Corporation (MIDD) Latest News

6 Nov

Impact 3 · · MarketBeat

5 Nov

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com
Impact 3 · · MT Newswires
Impact 3 · · Associated Press

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Insider Monkey

22 Oct

Impact 3 · · Business Wire

13 Oct

Impact 4 · · CFO

15 Sep

Impact 3 ·

19 Aug

Impact 4 · · The Motley Fool transcript

17 Aug

Impact 4 ·

14 Aug

Impact 4 ·
Impact 3 ·

12 Aug

Impact 3 ·

11 Aug

Impact 3 · transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·

4 Aug

Impact 3 ·

11 Jul

Impact 4 ·

9 Jul

Impact 4 ·

7 Jul

Impact 3 ·

6 Jul

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 4 ·

MIDD metrics, ten years each

stockrow.com/MIDD · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com