The Middleby Corporation (MIDD) vs Mirion Technologies, Inc. (MIR)

The Middleby Corporation and Mirion Technologies, Inc. are both Specialty Industrial Machinery companies. The Middleby Corporation is the larger, with a market value of $4.9B against $4.0B — 1.2× the size. The Middleby Corporation has negative trailing earnings, so its P/E is not meaningful; Mirion Technologies, Inc. trades at 162×. The Middleby Corporation grew revenue faster over the last twelve months: 22.8% against 15.7%. Mirion Technologies, Inc. has the higher net margin (2.39% vs −13.9%) and the lower return on invested capital (1.28% vs 8.97%). Across the 20 metrics below, The Middleby Corporation leads on 10 and Mirion Technologies, Inc. on 10.

Valuation

Metric MIDD MIR Specialty Industrial Machinery median
P/E n/m 162.23 29.62
P/S 1.44 3.72 2.77
P/B 2.21 2.03 3.04
Price to free cash flow 10.15 28.31 23.81
EV/EBITDA 9.81 21.74 16.05
EV/Sales 1.98 4.48 2.94
Earnings yield (8.60%) 0.62% 3.08%
Free cash flow yield 9.86% 3.53% 3.12%

Profitability

Metric MIDD MIR Specialty Industrial Machinery median
Gross margin 38.40% 48.02% 35.90%
Operating margin 17.07% 5.32% 11.22%
Net margin (13.91%) 2.39% 7.80%
Free cash flow margin 14.22% 13.14% 9.51%
Return on equity (16.16%) 1.45% 11.10%
Return on assets (7.42%) 0.78% 4.63%
Return on invested capital 8.97% 1.28% 5.37%

Growth

Metric MIDD MIR Specialty Industrial Machinery median
Revenue growth (TTM) 22.83% 15.68% 6.45%
EPS growth (last fiscal year) (167.34%) 161.11% —
Revenue growth, 5-year CAGR 4.96% 8.64% 8.31%
Net income growth, 5-year CAGR 0.00% 0.00% 5.04%

Health

Metric MIDD MIR Specialty Industrial Machinery median
Debt to equity 0.90 0.64 0.35
Current ratio 1.99 3.20 2.11
Net debt to EBITDA 2.87 4.06 1.32

Dividend

Metric MIDD MIR Specialty Industrial Machinery median
Dividend yield 0.23% — 1.12%
Payout ratio 0.00 0.00 0.17

Size

Metric MIDD MIR Specialty Industrial Machinery median
Market cap 4.89b 3.96b 1.97b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack