The Middleby Corporation logo

The Middleby Corporation

MIDD

NASDAQIndustrialsIndustrial - Machinery

Previous close

$115.48

+$2.96 · +2.63%

Aug 21, 4:00 PM ET

MIDD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

0

Overpriced

Momentum

63

Gaining

Sentiment

62

Bullish

Risk resilience

54

Elevated Risk

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Company profile

Company website

The Middleby Corporation is a global enterprise specializing in the design, production, marketing, distribution, and servicing of a comprehensive range of equipment for commercial foodservice, industrial food processing, and residential kitchens. Its operations extend across numerous international markets, including the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company's offerings are segmented into three primary divisions: Commercial Foodservice Equipment Group: This segment provides an extensive array of professional kitchen solutions. Products include diverse oven types such as conveyor, combi, convection, and speed cooking models; cooking appliances like ranges, fryers, rethermalizers, and steam and induction cooking units; food warming and catering equipment; heated cabinets, charbroilers, and ventless cooking systems. It also covers kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, custom stainless steel fabrication, refrigeration units (including blast chillers, cold rooms, and freezers), ice machines, and specialized beverage dispensing, home and professional craft brewing, and bottle filling and canning equipment, alongside innovative IoT solutions. Food Processing Equipment Group: This division caters to industrial-scale food production. It supplies machinery for batch, baking, proofing, and continuous processing ovens; advanced frying and automated thermal processing systems; equipment for tumbling, massaging, grinding, slicing, reduction, emulsion, mixing, forming, and blending. Further offerings include battering, breading, seeding, water cutting, food pressing, food suspension, filling, depositing, and comprehensive food safety, handling, freezing, defrosting, and packaging solutions. These systems are utilized by manufacturers producing diverse products such as hot dogs, dinner sausages, poultry, lunchmeat, muffins, cookies, and bread. Residential Kitchen Equipment Group: This segment focuses on high-end appliances for the home. Its portfolio includes cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and both indoor ventilation and outdoor kitchen equipment. Established in 1888 as the Middleby Marshall Oven Company, the firm adopted its current name, The Middleby Corporation, in 1985. Its corporate headquarters are located in Elgin, Illinois.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
Timothy FitzGerald
Listed since
Aug 10, 1987
Employees
8,826

Market position

Day range

Current $115.48

52-week range

Current $115.48

Open
$112.82
Previous close
$112.52
Volume
515.51K
0.67× average
Average volume
765.02K
Average daily volume
Market cap
5.22B USD
Beta
1.35
Market reference 1
50-day average
$131.29
-12.04% below average
200-day average
$119.9
-3.69% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.22B USD
EV / EBITDA
12.17×
Earnings yield
-4.43%
Free cash flow yield
8.91%

Profitability & efficiency

Return on equity
-10.00%
Return on assets
-4.40%
Return on invested capital
8.47%

Financial health

Current ratio
2.57×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%25%6%-13%Gross margin, FY2021: 36.76%Gross margin, FY2022: 35.87%Gross margin, FY2023: 38.00%Gross margin, FY2024: 37.94%Gross margin, FY2025: 39.11%Operating margin, FY2021: 19.38%Operating margin, FY2022: 15.86%Operating margin, FY2023: 15.73%Operating margin, FY2024: 16.93%Operating margin, FY2025: 18.39%Net margin, FY2021: 15.03%Net margin, FY2022: 10.83%Net margin, FY2023: 9.93%Net margin, FY2024: 11.06%Net margin, FY2025: -8.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 36.76%. Gross margin FY2022 35.87%. Gross margin FY2023 38.00%. Gross margin FY2024 37.94%. Gross margin FY2025 39.11%. Operating margin FY2021 19.38%. Operating margin FY2022 15.86%. Operating margin FY2023 15.73%. Operating margin FY2024 16.93%. Operating margin FY2025 18.39%. Net margin FY2021 15.03%. Net margin FY2022 10.83%. Net margin FY2023 9.93%. Net margin FY2024 11.06%. Net margin FY2025 -8.68%.

Income trends

Revenue

3.2B USD-17.39%

Operating income

588.76M USD-10.28%

Net income

−277.73M USD−706.16M USD
Income trends across reported periods4.47B USD2.74B USD1.02B USD−709.16M USDRevenue, FY2021: 3.25B USDRevenue, FY2022: 4.03B USDRevenue, FY2023: 4.04B USDRevenue, FY2024: 3.88B USDRevenue, FY2025: 3.2B USDOperating income, FY2021: 629.99M USDOperating income, FY2022: 639.6M USDOperating income, FY2023: 634.87M USDOperating income, FY2024: 656.19M USDOperating income, FY2025: 588.76M USDNet income, FY2021: 488.49M USDNet income, FY2022: 436.57M USDNet income, FY2023: 400.88M USDNet income, FY2024: 428.43M USDNet income, FY2025: −277.73M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.25B USD. Revenue FY2022 4.03B USD. Revenue FY2023 4.04B USD. Revenue FY2024 3.88B USD. Revenue FY2025 3.2B USD. Operating income FY2021 629.99M USD. Operating income FY2022 639.6M USD. Operating income FY2023 634.87M USD. Operating income FY2024 656.19M USD. Operating income FY2025 588.76M USD. Net income FY2021 488.49M USD. Net income FY2022 436.57M USD. Net income FY2023 400.88M USD. Net income FY2024 428.43M USD. Net income FY2025 −277.73M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.2B USD3.88B USD4.04B USD4.03B USD3.25B USD
Cost of goods sold1.95B USD2.4B USD2.5B USD2.59B USD2.06B USD
Gross profit1.25B USD1.47B USD1.53B USD1.45B USD1.19B USD
Research and development53.1M USD
Selling, general, and administrative663.16M USD762.5M USD794.44M USD797.23M USD667.98M USD
Operating expenses663.16M USD814.18M USD899.19M USD806.95M USD564.87M USD
Interest expense93.83M USD92.23M USD120.35M USD88.98M USD57.16M USD
Depreciation and amortization99M USD127.17M USD125.4M USD138.06M USD125.24M USD
Operating income588.76M USD656.19M USD634.87M USD639.6M USD629.99M USD
Net income−277.73M USD428.43M USD400.88M USD436.57M USD488.49M USD

Company facts updated Aug 24, 2026.

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