Middleby
MIDD Nasdaq· Industrial Machinery & Supplies & Components
Last close · Oct 27, 2026
$115.00
KIRA · Stoqly’s AI analyst, in plain words
- Middleby had $3.2B of revenue in fiscal 2025, up 1.6% on the year before. Over five years, revenue changed +5.0% a year on average.
- Its operating margin was 18.0%, down 2.5 pts: of every 100 in sales, about 18 is left after running the business.
- Middleby lost $278M in fiscal 2025.
- Free cash flow was $559M in fiscal 2025, 17.5% of revenue.
- Middleby returned $724M to shareholders in fiscal 2025, 129% of free cash flow. The diluted share count fell 3.7%.
- Middleby owes $2.0B more than it holds in cash, about 2.9 years of operating profit.
Market cap
$5.2B
P/E
—
Revenue
$3.2B
Net income
−$278M
Free cash flow
$559M
Operating margin
18.0%
Middleby in 30 seconds · fiscal 2025
Are sales growing?
+1.6%
Only a little. Sales grew 1.6% last year.
Does it make a profit?
−8.7%
No. It lost money last year.
Does profit turn into cash?
17.5%
Yes. 17.5% of sales ends up as free cash.
Is debt under control?
2.9x
Keep an eye on it. Repaying its debt would take 2.9 years of operating profit.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Middleby does
No business description yet.
- Fiscal year ends
- January 3, 2026
- Latest annual report
- 10-K · Mar 4, 2026
- Legal name
- THE MIDDLEBY CORPORATION
- CIK
- 0000769520
Middleby · MIDD
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.3B | $4.0B | $3.2B | $3.2B | $3.2B |
| Revenue growth | 29.4% | 24.1% | −19.6% | −2.8% | 1.6% |
| Gross margin | 36.8% | 35.9% | 39.6% | 39.7% | 39.1% |
| Operating margin | 19.4% | 15.9% | 20.1% | 20.5% | 18.0% |
| Net income | $489M | $437M | $401M | $428M | −$278M |
| Net margin | 15.0% | 10.8% | 12.4% | 13.6% | −8.7% |
| Diluted EPS | $8.62 | $7.95 | $7.41 | $7.90 | −$5.32 |
| Cash | |||||
| Cash from operations | $423M | $333M | $629M | $687M | $630M |
| Capital expenditure | $46.6M | $67.3M | $59.2M | $36.7M | $70.7M |
| Free cash flow | $377M | $265M | $570M | $650M | $559M |
| FCF margin | 11.6% | 6.6% | 17.6% | 20.6% | 17.5% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $29.3M | $265M | $74.6M | $34.7M | $724M |
| Share count change | 2.8% | −3.0% | −1.6% | 0.2% | −3.7% |
| Debt and strength | |||||
| Cash and short-term investments | $180M | $162M | $248M | $639M | $222M |
| Debt incl. finance leases | $2.4B | $2.7B | $2.4B | $2.4B | $2.2B |
| Shareholders' equity | $2.5B | $2.8B | $3.2B | $3.6B | $2.8B |
| Net debt / EBITDA | 3.0x | 3.3x | 2.9x | 2.4x | 2.9x |
| Current ratio | 1.9x | 2.0x | 2.3x | 2.8x | 2.6x |
| Interest coverage | 11.0x | 7.2x | 5.4x | 6.9x | 6.1x |
| Returns and quality | |||||
| Return on capital | 16.3% | 9.8% | 9.3% | 8.9% | 8.7% |
| Return on equity | 21.9% | 16.5% | 13.3% | 12.4% | −8.7% |
| Piotroski F-score | 6 | 6 | 7 | 7 | 4 |
| Altman Z'' | 3.7 | 4.0 | 4.5 | 4.9 | 5.3 |
Insiders bought, 12 months
$15.1M
2 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Middleby · MIDD
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Middleby MIDD | $5.2B | 1.6% | 18.0% | 17.5% | 8.7% | — | 4 |
| Carpenter Technology CRS | $14.4B | 8.6% | 22.5% | 11.6% | 23.7% | 25.4x | 9 |
| IDEX IEX | $17.3B | 5.8% | 20.2% | 17.8% | 10.2% | 33.6x | 7 |
| ESAB ESAB | $4.3B | 3.7% | 14.5% | 7.5% | 11.0% | 24.9x | 4 |
| Nordson NDSN | $18.2B | 3.8% | 25.5% | 23.7% | 11.6% | 32.8x | 5 |
KIRA
At $115.00 a share, the company is worth $5.2B.
Middleby grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000769520). Data updated October 16, 2026. For information only — not investment advice. Check the original filings before relying on any figure.