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The Middleby Corporation(MIDD)Earnings, Financials & Key Ratios
MIDD•NASDAQ
$139.26
Price updated Jul 7, 2026
AboutThe Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.Show more
- Revenue$3.2B-17.4%
- EBITDA$688M-12.2%
- Net Income-$278M-164.8%
- EPS (Diluted)-5.38-168.1%
- Gross Margin39.11%+3.1%
- EBITDA Margin21.48%+6.3%
- Operating Margin18.39%+8.6%
- Net Margin-8.68%-178.5%
- ROE-8.66%-169.6%
MIDD Price & Volume
The Middleby Corporation (MIDD) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Strains Middleby Financial Flexibility
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Excessive Goodwill and Impairment
Key Thesis Takeaways
- Middleby faces a challenging transition as its serial acquisition model encounters headwinds from a 7.4% year-over-year revenue decline in 2026Q1 and significant earnings volatility.
- While the company maintains a 38.5% gross margin, the erosion of retained earnings to zero and a dwindling cash position of $177.1 million raise concerns regarding long-term capital allocation sustainability.
- Investors should monitor whether the company can stabilize its operating margins, which compressed to 16.1% in 2026Q1, amidst a broader industrial slowdown and elevated debt-to-EBITDA ratios of 11.73.
Verdict Logic
the company's decision to deploy $374.8 million in share buybacks during a period of net losses and declining liquidity suggests an unsustainable capital allocation strategy that warrants extreme caution.
MIDD Growth Metrics
The Middleby Corporation (MIDD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.77%
5 Years4.96%
3 Years-7.41%
TTM-4.89%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-196.76%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-206%
Return on Capital
10 Years12.22%
5 Years11.02%
3 Years10.4%
Last Year10.06%
MIDD Recent Earnings
The Middleby Corporation (MIDD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$2.16+11.3%
$1.94
Rev
$840M+8.1%
$777M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$2.42+6.6%
$2.27
Rev
$866M-12.1%
$986M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$2.37+16.7%
$2.03
Rev
$982M-2.8%
$1.0B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$2.35+6.8%
$2.20
Rev
$978M+1.0%
$968M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $2.16vs $1.94+11.3% | $840Mvs $777M+8.1% |
| Q1 2026 | Feb 26, 2026 | $2.42vs $2.27+6.6% | $866Mvs $986M-12.1% |
| Q4 2025 | Nov 6, 2025 | $2.37vs $2.03+16.7% | $982Mvs $1.0B-2.8% |
| Q3 2025 | Aug 6, 2025 | $2.35vs $2.20+6.8% | $978Mvs $968M+1.0% |
Based on last 12 quarters of dataView full earnings history →
Latest MIDD News
Recent stock market news and headlines for The Middleby Corporation (MIDD)
Business Wire·2 days ago
Middleby Completes Spin-off of Midera Food ProcessingELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that it has completed the previously announced spin-off of its Food Processing business, now operating as Midera Food Processing, Inc. (“Midera”). Shares of Midera common stock will begin trading “regular way” on The Nasdaq Stock Market under the ticker symbol “MFP,” effective at the market opening on July 7, 2026. “This separation represents the culmination of strategic portfolio work to unlock the full value.
GlobeNewsWire·2 days ago
Midera Food Processing Completes Spin-Off, Begins Trading Tomorrow as Independent, Public CompanyLeading global pure-play food processing technology platform with proven total line solutions, 30+ established brands and a differentiated growth strategy Mark Salman, CEO, and seasoned management team bring decades of food processing expertise and a proven acquisition playbook to Midera's public debut Midera begins trading tomorrow, July 7, 2026, on Nasdaq under the ticker symbol “MFP” ROSEMONT, Ill., July 06, 2026 (GLOBE NEWSWIRE) -- Midera Food Processing, Inc. (“Midera” or the “Company”), a leading global pure-play food processing technology platform, today announced that its spin-off from The Middleby Corporation (NASDAQ: MIDD) (“Middleby”) is complete, and it will begin trading as an independent company under the ticker symbol “MFP,” effective at the market opening tomorrow, July 7, 2026.
GuruFocus·Jun 29, 2026
Middleby Announces that Midera Food Processing Enters into $1 Billion Credit AgreementThe Middleby Corporation (NASDAQ: MIDD) today announced that in connection with the previously announced spin-off of its Food Processing business, Midera Food
Business Wire·Jun 29, 2026
Middleby Announces that Midera Food Processing Enters into $1 Billion Credit AgreementELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that in connection with the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”) has entered into a five-year, $1.0 billion credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and other financial institutions and lenders, consisting of a $750 million U.S. dollar revolving credit facility and a $250 million multi-curren.
Peers Comparison
Key metrics vs top competitors for The Middleby Corporation (MIDD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $139.26 | $6.3B | -25.88 | -17.39% | -8.68% | -8.66% | — | |
| $271.09 | $78.13B | 25.84 | 0.92% | 19.32% | 97.35% | — | |
| $39.08 | $11.08B | 17.76 | 18.62% | 21.82% | 8.16% | — | |
| $389.44 | $15.83B | 31.79 | -4.98% | 6.85% | 15.31% | — | |
| $25.10 | $3.93B | 20.57 | 8.75% | 14.17% | 20.74% | — | |
| $139.32 | $11.97B | 18.73 | 7.82% | 15.24% | 32.08% | — |
Compare MIDD vs Peers
The Middleby Corporation (MIDD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MIDD SEC Filings & Documents
The Middleby Corporation (MIDD) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 12, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
May 7, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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MIDD Frequently Asked Questions
The Middleby Corporation (MIDD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is The Middleby Corporation's revenue?
The Middleby Corporation (MIDD) reported $3.67B in revenue for fiscal year 2025. This represents a 2838% increase from $124.8M in 1996.
How fast is The Middleby Corporation growing?
The Middleby Corporation (MIDD) saw revenue decline by 17.4% over the past year.
Is MIDD profitable?
The Middleby Corporation (MIDD) reported a net loss of $420.2M for fiscal year 2025.
Dividend & Returns
What is MIDD's return on equity?
The Middleby Corporation (MIDD) has a return on equity (ROE) of -8.7%. Negative ROE indicates the company is unprofitable.
What is The Middleby Corporation's free cash flow?
The Middleby Corporation (MIDD) generated $452.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.