The Middleby Corporation (MIDD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 839.91M | 866.42M | 982.13M | 977.86M | 906.63M | 1.01B | 942.81M | 991.55M | 926.93M | 1.01B | 980.65M | 1.04B | 1.01B | 1.03B | 992.87M | 1.01B | 994.68M | 866.42M | 817.54M | 808.77M |
| Revenue Growth % | -7.36% | -14.54% | 4.17% | -1.38% | -2.19% | 0.53% | -3.86% | -4.66% | -7.99% | -2.24% | -1.23% | 2.6% | 1.28% | 19.08% | 21.45% | 25.33% | 31.21% | 18.8% | 28.84% | 71.36% |
| Cost of Goods Sold | 516.72M | 530.21M | 620.83M | 606.57M | 560.69M | 624.95M | 587.38M | 611.9M | 580.57M | 621.81M | 605.33M | 646.75M | 628.66M | 641.63M | 627.64M | 652.86M | 664.17M | 550.78M | 517.92M | 505.05M |
| COGS % of Revenue | 61.52% | 61.19% | 63.21% | 62.03% | 61.84% | 61.64% | 62.3% | 61.71% | 62.63% | 61.65% | 61.73% | 62.19% | 62.4% | 62.19% | 63.21% | 64.41% | 66.77% | 63.57% | 63.35% | 62.45% |
| Gross Profit | 323.19M | 336.22M | 361.31M | 371.29M | 345.93M | 388.94M | 355.43M | 379.64M | 346.36M | 386.77M | 375.32M | 393.24M | 378.74M | 390.07M | 365.23M | 360.74M | 330.51M | 315.63M | 299.63M | 303.73M |
| Gross Margin % | 38.48% | 38.81% | 36.79% | 37.97% | 38.16% | 38.36% | 37.7% | 38.29% | 37.37% | 38.35% | 38.27% | 37.81% | 37.6% | 37.81% | 36.79% | 35.59% | 33.23% | 36.43% | 36.65% | 37.55% |
| Gross Profit Growth % | -6.57% | -13.55% | 1.65% | -2.2% | -0.12% | 0.56% | -5.3% | -3.46% | -8.55% | -0.85% | 2.76% | 9.01% | 14.59% | 23.58% | 21.9% | 18.77% | 19.8% | 23.3% | 34.51% | 98.35% |
| Operating Expenses | 188.3M | 174.82M | 915.55M | 213.61M | 205.34M | 219.03M | 182M | 203.93M | 209.22M | 272.13M | 200.88M | 208.47M | 217.71M | 201.96M | 203.53M | 193.51M | 207.95M | 177.01M | 66.14M | 167.01M |
| OpEx % of Revenue | 22.42% | 20.18% | 93.22% | 21.84% | 22.65% | 21.6% | 19.3% | 20.57% | 22.57% | 26.98% | 20.48% | 20.05% | 21.61% | 19.58% | 20.5% | 19.09% | 20.91% | 20.43% | 8.09% | 20.65% |
| Selling, General & Admin | 188.3M | 174.82M | 203.62M | 213.61M | 202.61M | 178.39M | 179.48M | 198.58M | 206.05M | 191.59M | 194.33M | 200.95M | 215.41M | 200.48M | 201.2M | 189.49M | 206.07M | 171.95M | 175.35M | 165.71M |
| SG&A % of Revenue | 22.42% | 20.18% | 20.73% | 21.84% | 22.35% | 17.6% | 19.04% | 20.03% | 22.23% | 19% | 19.82% | 19.32% | 21.38% | 19.43% | 20.26% | 18.69% | 20.72% | 19.85% | 21.45% | 20.49% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | 5.26% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | 134.89M | 161.4M | -554.25M | 157.68M | 140.6M | 169.91M | 173.44M | 175.71M | 137.13M | 114.63M | 174.44M | 184.77M | 161.02M | 188.11M | 161.71M | 167.23M | 122.56M | 138.62M | 233.48M | 136.72M |
| Operating Margin % | 16.06% | 18.63% | -56.43% | 16.13% | 15.51% | 16.76% | 18.4% | 17.72% | 14.79% | 11.37% | 17.79% | 17.77% | 15.98% | 18.23% | 16.29% | 16.5% | 12.32% | 16% | 28.56% | 16.9% |
| Operating Income Growth % | -4.06% | -5.01% | -419.56% | -10.26% | 2.53% | 48.22% | -0.57% | -4.91% | -14.84% | -39.06% | 7.88% | 10.49% | 31.38% | 35.7% | -30.74% | 22.32% | 1.15% | 48.69% | 169.39% | 249.5% |
| EBITDA | 159.74M | 186.95M | -521.42M | 188.09M | 172.74M | 202.25M | 204.22M | 207.35M | 169.54M | 146.39M | 205.93M | 215.6M | 195.97M | 219.25M | 192.84M | 196.26M | 169.31M | 173.19M | 264.11M | 166.33M |
| EBITDA Margin % | 19.02% | 21.58% | -53.09% | 19.24% | 19.05% | 19.95% | 21.66% | 20.91% | 18.29% | 14.51% | 21% | 20.73% | 19.45% | 21.25% | 19.42% | 19.36% | 17.02% | 19.99% | 32.31% | 20.57% |
| EBITDA Growth % | -7.53% | -7.56% | -355.32% | -9.29% | 1.89% | 38.15% | -0.83% | -3.83% | -13.48% | -33.23% | 6.78% | 9.85% | 15.75% | 26.6% | -26.98% | 18% | 11.68% | 41.77% | 131.56% | 149.26% |
| D&A (Non-Cash Add-back) | 24.84M | 25.54M | 32.83M | 30.41M | 32.15M | 32.34M | 30.78M | 31.65M | 32.41M | 31.76M | 31.49M | 30.83M | 34.95M | 31.14M | 31.14M | 29.04M | 46.74M | 34.57M | 30.63M | 29.61M |
| EBIT | 134.89M | 150.11M | -553.8M | 152.84M | 139.82M | 173.02M | 176.08M | 179.34M | 141.11M | 123.46M | 184.15M | 187.67M | 161.38M | 188.13M | 163.12M | 172.12M | 130.02M | 149.66M | 244.05M | 148.72M |
| Net Interest Income | -25.48M | -29.44M | -25.15M | -19.84M | -18.36M | -19.99M | -21.4M | -24.57M | -26.27M | -28.28M | -31.08M | -31.53M | -29.46M | -26.41M | -24.07M | -20.84M | -17.65M | -13.68M | -13.19M | -14.22M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 25.48M | 29.44M | 25.15M | 19.84M | 18.36M | 19.99M | 21.4M | 24.57M | 26.27M | 28.28M | 31.08M | 31.53M | 29.46M | 26.41M | 24.07M | 20.84M | 17.65M | 13.68M | 13.19M | 14.22M |
| Other Income/Expense | -21.97M | -40.73M | -24.7M | -24.69M | -19.14M | -16.88M | -18.76M | -20.93M | -22.3M | -27.71M | -30.05M | -28.63M | -29.11M | -26.39M | -22.65M | -15.95M | -10.2M | -2.64M | -2.62M | -2.22M |
| Pretax Income | 112.92M | 120.67M | -578.95M | 132.99M | 121.46M | 153.03M | 154.68M | 154.78M | 114.84M | 86.93M | 144.39M | 156.14M | 131.91M | 161.72M | 139.05M | 151.28M | 112.36M | 135.98M | 230.86M | 134.5M |
| Pretax Margin % | 13.44% | 13.93% | -58.95% | 13.6% | 13.4% | 15.09% | 16.41% | 15.61% | 12.39% | 8.62% | 14.72% | 15.01% | 13.09% | 15.67% | 14.01% | 14.93% | 11.3% | 15.69% | 28.24% | 16.63% |
| Income Tax | 27.64M | 34.59M | -65.97M | 27.04M | 29.11M | 40.73M | 40.51M | 39.38M | 28.27M | 10.63M | 35.74M | 39.29M | 32.83M | 28.52M | 34.68M | 38.03M | 26.61M | 33.3M | 54.89M | 13.91M |
| Effective Tax Rate % | 24.48% | 28.66% | 11.4% | 20.33% | 23.96% | 26.61% | 26.19% | 25.44% | 24.62% | 12.23% | 24.75% | 25.16% | 24.88% | 17.64% | 24.94% | 25.14% | 23.68% | 24.49% | 23.78% | 10.34% |
| Net Income | -50.07M | 36.94M | -512.98M | 105.96M | 92.35M | 112.3M | 114.17M | 115.39M | 86.57M | 76.29M | 108.65M | 116.85M | 99.09M | 133.2M | 104.37M | 113.25M | 85.75M | 102.68M | 175.97M | 120.58M |
| Net Margin % | -5.96% | 4.26% | -52.23% | 10.84% | 10.19% | 11.08% | 12.11% | 11.64% | 9.34% | 7.56% | 11.08% | 11.24% | 9.84% | 12.91% | 10.51% | 11.17% | 8.62% | 11.85% | 21.52% | 14.91% |
| Net Income Growth % | -154.22% | -67.11% | -549.33% | -8.18% | 6.68% | 47.2% | 5.08% | -1.25% | -12.64% | -42.72% | 4.1% | 3.18% | 15.55% | 29.72% | -40.69% | -6.08% | -3.93% | 98.08% | 190.78% | 469.82% |
| Net Income (Continuing) | 85.28M | 86.09M | -512.98M | 105.96M | 92.35M | 112.3M | 114.17M | 115.39M | 86.57M | 76.29M | 108.65M | 116.85M | 99.09M | 133.2M | 104.37M | 113.25M | 85.75M | 102.68M | 175.97M | 120.58M |
| Discontinued Operations | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.06 | 0.74 | -10.15 | 1.99 | 1.69 | 2.07 | 2.11 | 2.13 | 1.59 | 1.42 | 2.01 | 2.16 | 1.82 | 2.45 | 1.92 | 2.07 | 1.52 | 1.80 | 3.09 | 2.13 |
| EPS Growth % | -162.72% | -64.25% | -581.04% | -6.57% | 6.29% | 45.77% | 4.98% | -1.39% | -12.64% | -42.04% | 4.69% | 4.35% | 19.74% | 36.11% | -37.86% | -2.82% | -4.4% | 91.49% | 180.91% | 446.15% |
| EPS (Basic) | -1.06 | 0.74 | -10.15 | 2.01 | 1.72 | 2.09 | 2.12 | 2.15 | 1.61 | 1.42 | 2.03 | 2.18 | 1.85 | 2.48 | 1.94 | 2.10 | 1.57 | 1.86 | 3.19 | 2.18 |
| Diluted Shares Outstanding | 47.23M | 50.03M | 50.52M | 53.15M | 54.62M | 54.33M | 54.04M | 54.07M | 54.39M | 53.77M | 54.16M | 54.04M | 54.38M | 54.39M | 54.38M | 54.65M | 56.36M | 57.08M | 56.94M | 56.67M |
| Basic Shares Outstanding | 47.23M | 49.89M | 50.52M | 52.62M | 53.59M | 53.74M | 53.77M | 53.77M | 53.65M | 53.6M | 53.59M | 53.53M | 53.59M | 53.81M | 53.87M | 54.03M | 54.67M | 55.19M | 55.23M | 55.23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |