Saturday 17 October 2026
Export MIDD’s income statement to Excel — free account
The Middleby Corporation
MIDD Industrials Specialty Industrial Machinery
In the quarter to June 2026, revenue grew 9.88%, EPS fell 39.8%, free cash flow fell 544.6% and total debt fell 16.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
107.85
0.83
−0.76%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 63.64 | 86.51 | 77.76 | 79.72 | 33.57 | 99.70 | 96.78 | 88.17 | 95.26 | 89.16 |
Analyst estimates 2026–2028 Powerpack |
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| High | 115.53 | 121.38 | 111.74 | 115.03 | 120.19 | 160.09 | 161.98 | 130.35 | 129.53 | 147.01 | |||||
| People | |||||||||||||||
| People | Employees | 3,886 | 4,496 | 9,346 | 9,778 | 5,413 | 10,624 | 11,268 | 10,722 | 10,616 | 8,826 | ||||
| Revenue/emp, $m | 0.58 | 0.52 | 0.29 | 0.30 | 0.46 | 0.31 | 0.36 | 0.30 | 0.30 | 0.36 | |||||
| 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 | ||||
| Gross margin, % | 39.74 | 39.08 | 36.88 | 37.29 | 35.10 | 36.76 | 35.87 | 39.61 | 39.74 | 39.11 | |||||
| EBT | 421 | 384 | 424 | 463 | 268 | 620 | 564 | 536 | 566 | 482 | |||||
| EBT margin, % | 18.58 | 16.42 | 15.55 | 15.63 | 10.67 | 19.06 | 14.00 | 16.54 | 17.97 | 15.07 | |||||
| Net income | 284 | 298 | 317 | 352 | 207 | 488 | 437 | 401 | 428 | (278) | |||||
| Depreciation | 58 | 70 | 97 | 103 | 111 | 125 | 138 | 110 | 104 | 105 | |||||
| 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 | ||||
| Earnings | 4.98 | 5.26 | 5.71 | 6.33 | 3.76 | 8.85 | 8.07 | 7.48 | 7.97 | (5.38) | |||||
| Cash flow | 5.16 | 5.37 | 6.64 | 6.78 | 9.53 | 7.67 | 6.15 | 11.74 | 12.78 | 12.20 | |||||
| Capex | (0.44) | (0.71) | (0.75) | (0.84) | (0.50) | (0.82) | (1.29) | (1.14) | (0.64) | (1.39) | |||||
| Free cash flow | 4.72 | 4.66 | 5.89 | 5.94 | 9.02 | 6.85 | 4.86 | 10.60 | 12.14 | 10.81 | |||||
| Book value | 22.19 | 24.00 | 29.96 | 34.99 | 35.88 | 45.17 | 51.72 | 60.66 | 67.71 | 53.75 | |||||
| Shares, m | 57 | 57 | 56 | 56 | 55 | 55 | 54 | 54 | 54 | 52 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.73 | 20.73 | 14.47 | 13.92 | 27.59 | 17.89 | 13.29 | 15.63 | 13.67 | 0.00 | ||||
| P/S | 2.60 | 2.64 | 1.69 | 1.66 | 2.27 | 2.69 | 1.44 | 1.93 | 1.86 | 1.93 | |||||
| P/B | 4.66 | 4.53 | 2.76 | 2.52 | 2.89 | 3.50 | 2.08 | 1.93 | 1.61 | 2.23 | |||||
| EV/Sales | 2.89 | 3.04 | 2.36 | 2.26 | 2.86 | 3.38 | 2.08 | 2.60 | 2.42 | 2.54 | |||||
| EV/FCF | 24.37 | 26.91 | 19.59 | 20.53 | 14.44 | 29.57 | 31.85 | 14.87 | 11.67 | 14.56 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 294 | 304 | 369 | 377 | 525 | 423 | 333 | 629 | 687 | 630 | ||||
| Capex | (25) | (40) | (41) | (47) | (28) | (45) | (70) | (61) | (34) | (72) | |||||
| Free cash flow | 269 | 264 | 327 | 331 | 497 | 378 | 263 | 568 | 653 | 558 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 323 | 458 | 503 | 616 | 570 | 792 | 1,018 | 1,115 | 1,501 | 1,674 | ||||
| Total debt | 732 | 1,029 | 1,892 | 1,873 | 1,730 | 2,414 | 2,722 | 2,425 | 2,395 | 2,173 | |||||
| Net debt | 664 | 939 | 1,820 | 1,779 | 1,461 | 2,234 | 2,560 | 2,178 | 1,756 | 1,951 | |||||
| Shareholders’ equity | 1,265 | 1,361 | 1,665 | 1,947 | 1,977 | 2,494 | 2,798 | 3,250 | 3,638 | 2,776 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 10.01 | 9.53 | 8.04 | 7.38 | 4.06 | 8.43 | 6.59 | 5.82 | 6.04 | (4.08) | ||||
| ROIC | 13.58 | 10.29 | 8.00 | 8.62 | 5.90 | 8.33 | 7.46 | 7.51 | 7.46 | 7.60 | |||||
| ROE | 23.37 | 22.70 | 20.96 | 19.50 | 10.57 | 21.85 | 16.50 | 13.26 | 12.44 | (8.66) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| GTES Gates Industrial Corporation PLC | $6.7B | 18.2× | 23.0× | +6.55% (above 0%: growing) | +204.55% (above 0%: growing) | −18.45% (below 0%: shrinking) | 41.00% | 13.98% | Compare |
| NPO Enpro Inc. | $6.0B | 134× | 51.3× | +17.60% (above 0%: growing) | +1.59% (above 0%: growing) | −15.53% (below 0%: shrinking) | 43.98% | 17.03% | Compare |
| JBTM JBT Marel Corporation | $5.5B | 28.3× | 25.4× | +4.92% (above 0%: growing) | +671.43% (above 0%: growing) | −10.23% (below 0%: shrinking) | 36.60% | 4.69% | Compare |
| MIDD The Middleby Corporation | $4.9B | — (loss-making) | 18.9× | +9.88% (above 0%: growing) | −39.80% (below 0%: shrinking) | −544.63% (below 0%: shrinking) | 38.27% | 16.87% | |
| CSW CSW Industrials, Inc. | $4.7B | 39.4× | 29.5× | +33.00% (above 0%: growing) | +25.51% (above 0%: growing) | +20.60% (above 0%: growing) | 44.88% | 22.77% | Compare |
| FELE Franklin Electric Co., Inc. | $4.5B | 28.6× | 21.7× | +6.03% (above 0%: growing) | +12.12% (above 0%: growing) | +122.96% (above 0%: growing) | 37.02% | 15.03% | Compare |
| MIR Mirion Technologies, Inc. | $3.9B | 158× | 104× | +19.69% (above 0%: growing) | −25.00% (below 0%: shrinking) | +1,236.11% (above 0%: growing) | 49.89% | 6.71% | Compare |
| MWA MUELLER WATER PRODUCTS | $3.4B | 15.2× | 17.8× | +4.10% (above 0%: growing) | +26.47% (above 0%: growing) | +70.92% (above 0%: growing) | 39.35% | 20.36% | Compare |
| SXI Standex International Corporation | $3.3B | 30.5× | 31.0× | +2.79% (above 0%: growing) | +38.21% (above 0%: growing) | +40.51% (above 0%: growing) | 42.69% | 16.45% | Compare |
| Median of peers | $4.6B | 29.5× | 27.5× | +6.29% | +25.99% | +30.56% | 41.85% | 15.74% |
The Middleby Corporation (MIDD) key facts
- The Middleby Corporation (MIDD) is a Specialty Industrial Machinery company in the Industrials sector, listed on Nasdaq.
- As of October 16, 2026, MIDD traded at $107.85, a market capitalization of $4.9 billion.
- Return on equity was −8.66% and debt-to-equity 0.90.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.07 (safe zone) for fiscal 2025.