MIDD · Middleby Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $839.91M | $982.13M | $977.86M | $906.63M | - | $942.81M | $991.55M | $926.93M | - | $980.65M |
| Cost of Revenue | $516.72M | $620.83M | $606.57M | $560.69M | - | $587.38M | $611.90M | $580.57M | - | $605.33M |
| Gross Profit | $323.19M | $361.31M | $371.29M | $345.93M | - | $355.43M | $379.64M | $346.36M | - | $375.32M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $188.30M | $203.62M | $213.61M | $202.61M | - | $179.48M | $198.58M | $206.05M | - | $196.43M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $25.47M | $15.23M | $15.00M | $32.15M | - | $13.97M | $13.58M | $32.41M | - | $12.59M |
| Operating Income | $133.35M | ($554.25M) | $155.39M | $140.60M | - | $173.44M | $175.71M | $137.13M | - | $174.44M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $27.64M | ($65.97M) | $27.04M | $29.11M | - | $40.51M | $39.38M | $28.27M | - | $35.74M |
| Net Income | ($50.07M) | ($512.98M) | $105.96M | $92.35M | - | $114.17M | $115.39M | $86.57M | - | $108.65M |
| EPS - Basic | ($1.06) | ($10.15) | $2.01 | $1.72 | - | $2.12 | $2.15 | $1.61 | - | $2.03 |
| EPS - Diluted | ($1.06) | ($10.15) | $1.99 | $1.69 | - | $2.11 | $2.13 | $1.59 | - | $2.01 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $177.06M | $175.13M | $511.50M | $745.14M | $689.53M | $606.00M | $459.46M | $341.02M | $247.50M | $167.19M |
| Accounts Receivable | $608.03M | $673.86M | $665.83M | $645.51M | $643.36M | $614.98M | $624.62M | $605.18M | $644.58M | $633.17M |
| Inventory | $728.39M | $919.55M | $888.67M | $877.73M | $841.57M | $905.87M | $920.10M | $943.68M | $935.87M | $1.02B |
| Accounts Payable | $215.39M | $257.95M | $235.75M | $230.59M | $208.91M | $214.70M | $238.73M | $233.43M | $227.08M | $224.38M |
| Current Assets | $1.65B | $1.97B | $2.26B | $2.41B | $2.33B | $2.29B | $2.14B | $2.02B | $1.97B | $1.96B |
| Total Assets | $5.42B | $6.35B | $7.34B | $7.40B | $7.28B | $7.20B | $7.03B | $6.93B | $6.91B | $6.92B |
| Current Liabilities | $838.79M | $951.56M | $880.78M | $885.82M | $829.32M | $814.71M | $856.86M | $840.88M | $851.09M | $864.25M |
| Long-term Debt | $1.83B | $2.03B | $2.33B | $2.34B | $2.35B | $2.36B | $2.36B | $2.37B | $2.38B | $2.54B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $2.37B | $2.94B | $3.62B | $3.73B | $3.64B | $3.59B | $3.42B | $3.31B | $3.25B | $3.10B |
| Retained Earnings | $4.00B | $4.01B | $4.53B | $4.42B | $4.33B | $4.22B | $4.10B | $3.99B | $3.90B | $3.82B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $65.61M | - | - | $141.13M | - | - | - | $140.90M | - | - |
| Investing Cash Flow | $554.95M | - | - | ($34.84M) | - | - | - | ($16.09M) | - | - |
| Financing Cash Flow | ($684.66M) | - | - | ($57.09M) | - | - | - | ($28.56M) | - | - |
| CapEx | $7.94M | - | - | $33.73M | - | - | - | $13.74M | - | - |
| Free Cash Flow | $57.67M | - | - | $107.40M | - | - | - | $127.16M | - | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.5% | 36.8% | 38.0% | 38.2% | - | 37.7% | 38.3% | 37.4% | - | 38.3% |
| Operating margin | 15.9% | -56.4% | 15.9% | 15.5% | - | 18.4% | 17.7% | 14.8% | - | 17.8% |
| EBITDA margin | 18.9% | -54.9% | 17.4% | 19.1% | - | 19.9% | 19.1% | 18.3% | - | 19.1% |
| Net margin | -6.0% | -52.2% | 10.8% | 10.2% | - | 12.1% | 11.6% | 9.3% | - | 11.1% |
| Free cash flow margin | 6.9% | - | - | 11.8% | - | - | - | 13.7% | - | - |
| FCF / Net income | -1.15 | - | - | 1.16 | - | - | - | 1.47 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.4% | 20.7% | 21.8% | 22.3% | - | 19.0% | 20.0% | 22.2% | - | 20.0% |
| Effective tax rate | - | - | 20.3% | 24.0% | - | 26.2% | 25.4% | 24.6% | - | 24.8% |
| Return on assets | -0.9% | -8.1% | 1.4% | 1.2% | - | 1.6% | 1.6% | 1.2% | - | 1.6% |
| Return on equity | -2.1% | -17.5% | 2.9% | 2.5% | - | 3.2% | 3.4% | 2.6% | - | 3.5% |
| Return on invested capital | 2.5% | -8.8% | 2.1% | 1.8% | - | 2.1% | 2.3% | 1.8% | - | 2.3% |
| Liquidity | ||||||||||
| Current ratio | 1.96 | 2.07 | 2.57 | 2.72 | 2.81 | 2.81 | 2.50 | 2.40 | 2.31 | 2.27 |
| Quick ratio | 1.10 | 1.10 | 1.56 | 1.73 | 1.79 | 1.70 | 1.43 | 1.28 | 1.21 | 1.09 |
| Cash ratio | 0.21 | 0.18 | 0.58 | 0.84 | 0.83 | 0.74 | 0.54 | 0.41 | 0.29 | 0.19 |
| Leverage | ||||||||||
| Debt / Equity | 0.77 | 0.69 | 0.64 | 0.63 | 0.65 | 0.66 | 0.69 | 0.72 | 0.73 | 0.82 |
| Debt / Assets | 0.34 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.34 | 0.34 | 0.34 | 0.37 |
| Debt / EBITDA | 11.52 | - | 13.68 | 13.55 | - | 12.60 | 12.47 | 13.98 | - | 13.56 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.28 | 2.16 | 2.03 | 1.98 | 2.00 | 2.00 | 2.05 | 2.09 | 2.13 | 2.24 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | 0.15 | 0.13 | 0.12 | - | 0.13 | 0.14 | 0.13 | - | 0.14 |
| Inventory turnover | 0.71 | 0.68 | 0.68 | 0.64 | - | 0.65 | 0.67 | 0.62 | - | 0.60 |
| Days sales outstanding | 264d | 250d | 249d | 260d | - | 238d | 230d | 238d | - | 236d |
| Days inventory outstanding | 515d | 541d | 535d | 571d | - | 563d | 549d | 593d | - | 612d |
| Days payable outstanding | 152d | 152d | 142d | 150d | - | 133d | 142d | 147d | - | 135d |
| Cash conversion cycle | 627d | 639d | 641d | 681d | - | 668d | 636d | 685d | - | 712d |
| Valuation | ||||||||||
| P / E | - | - | 72.8x | 90.4x | - | 67.2x | 57.6x | 101.1x | - | 63.7x |
| P / B | 2.6x | 2.3x | 2.1x | 2.2x | - | 2.1x | 1.9x | 2.6x | - | 2.2x |
| P / S | 7.4x | 6.8x | 7.9x | 9.2x | - | 8.1x | 6.7x | 9.4x | - | 7.1x |
| EV / EBITDA | 49.7x | - | 55.9x | 57.5x | - | 50.2x | 45.1x | 63.6x | - | 49.7x |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.4% | 4.2% | -1.4% | -2.2% | - | -3.9% | -4.7% | -8.0% | - | -1.2% |
| Revenue CAGR (3y) | -5.9% | -0.4% | -1.2% | -3.0% | - | 4.9% | 7.0% | 6.9% | - | 15.6% |
| Revenue CAGR (5y) | 2.1% | 9.1% | 15.7% | 6.0% | - | 5.4% | 8.2% | 9.6% | - | 6.6% |
| Gross profit growth (YoY) | -6.6% | 1.7% | -2.2% | -0.1% | - | -5.3% | -3.5% | -8.5% | - | 2.8% |
| Operating income growth (YoY) | -5.2% | - | -11.6% | 2.5% | - | -0.6% | -4.9% | -14.8% | - | 7.9% |
| Net income growth (YoY) | - | - | -8.2% | 6.7% | - | 5.1% | -1.2% | -12.6% | - | 4.1% |
| EPS growth (YoY) | - | - | -6.6% | 6.3% | - | 5.0% | -1.4% | -12.6% | - | 4.7% |
| EPS CAGR (3y) | - | - | -1.3% | 3.6% | - | -11.9% | 0.0% | 0.0% | - | 22.3% |
| EPS CAGR (5y) | - | - | 38.5% | 4.9% | - | 7.5% | 5.1% | 5.1% | - | 8.9% |
| FCF growth (YoY) | -46.3% | - | - | -15.5% | - | - | - | 91.2% | - | - |
| FCF CAGR (5y) | 2.5% | - | - | 6.6% | - | - | - | 37.5% | - | - |
| Book value growth (YoY) | -36.3% | -18.2% | 5.9% | 12.6% | 12.0% | 16.1% | 14.1% | 15.7% | 16.2% | 23.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-03.
Business segments
$3.20B totalCommercial Foodservice Equipment Group$2.35B · 73.4%
Food Processing Group$850.15M · 26.6%
Geographic
$2.35B totalUnited States And Canada$1.68B · 71.5%
Europe And Middle East$371.91M · 15.8%
Asia$214.21M · 9.1%
Latin America$82.97M · 3.5%
Peer comparison
Same SIC group: Refrigeration & Service Industry Machinery
Comparing MIDDLEBY Corp against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Jun 2, 2004 | $0.0667 |
| Nov 7, 2003 | $0.0417 |
| Dec 18, 2000 | $0.0167 |