Middleby Corp (MIDD)
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers and refrigerators, stainless steel fabrication, custom millwork, blast chillers, coldrooms, ice machines, and frozen dessert equipment; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispenser, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
- Symbol
- MIDD
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Specialty Industrial Machinery
- Market cap
- $5.11B
- 52 week range
- 89.16 - 148.55
Valuation
- Share price
- $111.24 (close of 2026-09-23)
- P/E (TTM)
- -15.64x
- Price to book
- 2.31x
- Price to free cash flow
- 10.60x
- Enterprise value
- $6.95B
- Book value per share
- $48.76
Price performance
| Period | Change |
|---|
| 1 day | -0.01% |
| 5 days | +0.13% |
| 1 month | -3.67% |
| 3 months | -15.57% |
| 6 months | +0.44% |
| Year to date | -7.00% |
| 1 year | +3.19% |
| 3 years | +6.38% |
| 5 years | -20.13% |
| 10 years | +10.85% |
| All time | +17841.94% |
Profitability and growth
- Return on equity
- -10.00%
- Return on invested capital
- 9.69%
- Return on assets
- -4.40%
- Return on capital employed
- 10.96%
- Gross margin
- 39.11%
- Net margin
- -8.68%
- EBITDA margin
- 21.25%
- Revenue growth
- 1.62%
- Net income growth
- -164.82%
- Free cash flow growth
- -13.94%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.43%
- Current ratio
- 1.99x
- Net debt to EBITDA
- 2.71x
Latest reported year
- Period end
- 2026-01-03
- Fiscal year
- 2026
- Revenue
- $3.20B
- Cost of revenue
- $1.95B
- Gross profit
- $1.25B
- EBITDA
- $680.20M
- Net income
- $-277.73M
- Earnings per share
- $-4.33
- Research and development
- $58.80M
- Interest expense
- $93.83M
- Shares outstanding
- 64.21M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-01-03 | $3.20B | $1.25B | $-277.73M | $-4.33 |
| 2024-12-28 | $3.15B | $1.25B | $428.43M | $6.41 |
| 2023-12-30 | $3.24B | $1.28B | $400.88M | $6.02 |
| 2022-12-31 | $4.03B | $1.45B | $436.57M | $6.49 |
| 2022-01-01 | $3.25B | $1.19B | $488.49M | $7.12 |
| 2021-01-02 | $2.51B | $882.05M | $207.29M | $3.02 |
| 2019-12-28 | $2.96B | $1.10B | $352.24M | $5.09 |
| 2018-12-29 | $2.72B | $1.00B | $317.15M | $4.59 |
| 2017-12-30 | $2.34B | $912.74M | $298.13M | $4.23 |
| 2016-12-31 | $2.27B | $901.18M | $284.22M | $4.01 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-01-03 | 39.11% | -8.68% | -10.00% | 9.69% |
| 2024-12-28 | 39.74% | 13.60% | 11.78% | 9.22% |
| 2023-12-30 | 39.61% | 12.36% | 12.34% | 9.71% |
| 2022-12-31 | 35.87% | 10.83% | 15.60% | 9.51% |
| 2022-01-01 | 36.76% | 15.03% | 19.58% | 10.34% |
| 2021-01-02 | 35.10% | 8.25% | -278.71% | 17.74% |
| 2019-12-28 | 37.29% | 11.90% | 18.09% | 10.56% |
| 2018-12-29 | 36.88% | 11.65% | 19.05% | 9.74% |
| 2017-12-30 | 39.08% | 12.76% | 21.90% | 12.75% |
| 2016-12-31 | 39.74% | 12.53% | 22.46% | 14.62% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-01-03 | $222.24M | $2.13B |
| 2024-12-28 | $638.77M | $2.35B |
| 2023-12-30 | $247.50M | $2.38B |
| 2022-12-31 | $162.00M | $2.68B |
| 2022-01-01 | $180.36M | $2.39B |
| 2021-01-02 | $268.10M | $1.71B |
| 2019-12-28 | $94.50M | $1.87B |
| 2018-12-29 | $71.70M | $1.89B |
| 2017-12-30 | $89.65M | $1.02B |
| 2016-12-31 | $68.48M | $726.24M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-01-03 | $559.47M | $13.46M |
| 2024-12-28 | $650.13M | $31.90M |
| 2023-12-30 | $569.62M | $45.16M |
| 2022-12-31 | $265.26M | $58.37M |
| 2022-01-01 | $376.85M | $42.33M |
| 2021-01-02 | $489.94M | $19.61M |
| 2019-12-28 | $330.82M | $8.13M |
| 2018-12-29 | $332.87M | $2.50M |
| 2017-12-30 | $249.96M | $6.24M |
| 2016-12-31 | $269.29M | $27.91M |
Dividend history
- Most recent payment
- 2004-06-02
| Payment date | Dividend per share |
|---|
| 2004-06-02 | $0.05 |
| 2003-11-07 | $0.03 |
| 2000-12-18 | $0.01 |
| 1991-02-26 | $0.00 |
| 1990-11-14 | $0.00 |
| 1990-08-16 | $0.00 |
| 1990-05-17 | $0.00 |
| 1990-03-05 | $0.00 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $1.74
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-11 | Jun/2026 | $2.28 |
| 2026-05-07 | - | - |
| 2026-02-26 | - | - |
| 2025-11-06 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-25 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- middleby.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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