middleby - MIDD

MIDD

Close Chg Chg %
124.01 3.43 2.77%

Closed Market

127.44

+3.43 (2.77%)

Volume: 1.04M

Last Updated:

Apr 22, 2025, 4:00 PM EDT

Company Overview: middleby - MIDD

MIDD Key Data

Open

$126.06

Day Range

122.75 - 129.53

52 Week Range

118.41 - 182.73

Market Cap

$6.65B

Shares Outstanding

53.65M

Public Float

52.90M

Beta

1.45

Rev. Per Employee

N/A

P/E Ratio

15.69

EPS

$7.97

Yield

0.00%

Dividend

$0.40

EX-DIVIDEND DATE

Jun 2, 2004

SHORT INTEREST

N/A

AVERAGE VOLUME

1.05M

 

MIDD Performance

1 Week
 
0.42%
 
1 Month
 
-17.47%
 
3 Months
 
-24.91%
 
1 Year
 
-9.78%
 
5 Years
 
147.50%
 

MIDD Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 10
Full Ratings ➔

About middleby - MIDD

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment manufactures preparation, cooking, packaging, food handling, and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment such as cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation, and outdoor equipment for the residential market. The Corporate and Other segment refers to the corporate and other general company assets and operations. The company was founded in 1888 and is headquartered in Elgin, IL.

MIDD At a Glance

The Middleby Corp.
1400 Toastmaster Drive
Elgin, Illinois 60120
Phone 1-847-741-3300 Revenue 3.88B
Industry Industrial Machinery Net Income 428.43M
Sector Producer Manufacturing Employees 10,616
Fiscal Year-end 12 / 2025
View SEC Filings

MIDD Valuation

P/E Current 15.691
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 17.156
Price to Sales Ratio 1.897
Price to Book Ratio 2.001
Price to Cash Flow Ratio 10.702
Enterprise Value to EBITDA 11.053
Enterprise Value to Sales 2.369
Total Debt to Enterprise Value 0.275

MIDD Efficiency

Revenue/Employee 365,030.332
Income Per Employee 40,357.291
Receivables Turnover 5.447
Total Asset Turnover 0.546

MIDD Liquidity

Current Ratio 2.81
Quick Ratio 1.795
Cash Ratio 0.831

MIDD Profitability

Gross Margin 37.771
Operating Margin 18.34
Pretax Margin 14.898
Net Margin 11.056
Return on Assets 6.039
Return on Equity 12.439
Return on Total Capital 6.956
Return on Invested Capital 7.258

MIDD Capital Structure

Total Debt to Total Equity 69.289
Total Debt to Total Capital 40.93
Total Debt to Total Assets 34.615
Long-Term Debt to Equity 67.314
Long-Term Debt to Total Capital 39.762
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Middleby - MIDD

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
3.25B 4.03B 4.04B 3.88B
Sales Growth
+29.35% +24.06% +0.09% -4.00%
Cost of Goods Sold (COGS) incl D&A
2.09B 2.62B 2.52B 2.41B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
118.48M 130.50M 125.40M 120.00M
Depreciation
42.68M 44.20M 50.40M 55.60M
Amortization of Intangibles
75.80M 86.30M 75.00M 64.40M
COGS Growth
+25.53% +25.54% -3.78% -4.47%
Gross Income
1.16B 1.41B 1.51B 1.46B
Gross Income Growth
+36.84% +21.39% +7.31% -3.21%
Gross Profit Margin
+35.71% +34.94% +37.46% +37.77%
2021 2022 2023 2024 5-year trend
SG&A Expense
633.98M 754.90M 780.68M 752.95M
Research & Development
41.80M 48.90M 53.10M 57.70M
Other SG&A
592.18M 706.00M 727.58M 695.25M
SGA Growth
+27.25% +19.07% +3.42% -3.55%
Other Operating Expense
- - - -
-
Unusual Expense
(102.34M) 14.65M 96.61M 55.67M
EBIT after Unusual Expense
629.23M 639.60M 634.87M 655.05M
Non Operating Income/Expense
28.96M 10.29M 37.08M 41.70M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
38.69M 85.47M 152.57M 119.43M
Interest Expense Growth
-38.69% +120.93% +78.50% -21.72%
Gross Interest Expense
38.69M 85.47M 152.57M 119.43M
Interest Capitalized
- - - -
-
Pretax Income
619.50M 564.41M 519.38M 577.32M
Pretax Income Growth
+131.11% -8.89% -7.98% +11.16%
Pretax Margin
+19.06% +14.00% +12.87% +14.90%
Income Tax
131.01M 127.85M 118.50M 148.89M
Income Tax - Current - Domestic
124.15M 134.49M 120.90M 113.01M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
6.86M (6.64M) (2.40M) 35.88M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
488.49M 436.57M 400.88M 428.43M
Minority Interest Expense
- - - -
-
Net Income
488.49M 436.57M 400.88M 428.43M
Net Income Growth
+135.65% -10.63% -8.17% +6.87%
Net Margin Growth
+15.03% +10.83% +9.93% +11.06%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
488.49M 436.57M 400.88M 428.43M
Preferred Dividends
- - - -
-
Net Income Available to Common
488.49M 436.57M 400.88M 428.43M
EPS (Basic)
8.8469 8.0704 7.4824 7.9726
EPS (Basic) Growth
+135.13% -8.78% -7.29% +6.55%
Basic Shares Outstanding
55.22M 54.09M 53.58M 53.74M
EPS (Diluted)
8.6207 7.9453 7.4119 7.9034
EPS (Diluted) Growth
+129.29% -7.83% -6.71% +6.63%
Diluted Shares Outstanding
56.66M 54.95M 54.09M 54.21M
EBITDA
645.37M 784.76M 856.88M 830.72M
EBITDA Growth
+40.84% +21.60% +9.19% -3.05%
EBITDA Margin
+19.85% +19.46% +21.23% +21.44%

Snapshot

Average Recommendation HOLD Average Target Price 179.714
Number of Ratings 10 Current Quarters Estimate 2.469
FY Report Date 06 / 2025 Current Year's Estimate 9.822
Last Quarter’s Earnings 1.943 Median PE on CY Estimate N/A
Year Ago Earnings 9.49 Next Fiscal Year Estimate 10.835
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 9 9 9 8
Mean Estimate 2.47 2.50 9.82 10.84
High Estimates 2.57 2.72 10.40 11.52
Low Estimate 2.27 2.12 8.76 10.30
Coefficient of Variance 3.66 7.54 4.81 3.65

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 3 3 3
OVERWEIGHT 2 2 2
HOLD 3 3 4
UNDERWEIGHT 1 1 0
SELL 1 1 1
MEAN Hold Hold Overweight

Insider Actions for Middleby - MIDD

Date Name Shares Transaction Value
Mar 7, 2025 Sarah Palisi Chapin Director 7,219 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Gordon Jude O'Brien Director 16,354 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Cathy L. McCarthy Director 9,719 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Stephen Richard Scherger Director 2,248 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Nassem Ziyad Director 14,139 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Juliann M. Bowerman Director 1,108 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Tejas P. Shah Director 2,248 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 7, 2025 Robert A. Nerbonne Director 3,530 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 James K. Pool Chief Technology and* 52,461 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 8,821,317.15
Feb 27, 2025 Matthew Fuchsen Chief Development Officer 39,057 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 6,567,434.55
Feb 27, 2025 Matthew Fuchsen Chief Development Officer 41,263 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 Brittany Cerwin Chief Accounting Officer 19,537 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 3,285,146.55
Feb 27, 2025 Brittany Cerwin Chief Accounting Officer 20,850 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 Steven P. Spittle Chief Commercial Officer 50,646 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 8,516,124.90
Feb 27, 2025 Steven P. Spittle Chief Commercial Officer 53,920 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 Timothy John Fitzgerald Chief Executive Officer; Director 350,185 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 James K. Pool Chief Technology and* 55,735 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 Bryan E. Mittelman Chief Financial Officer 42,176 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 7,091,894.40
Feb 27, 2025 Bryan E. Mittelman Chief Financial Officer 45,130 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 27, 2025 Timothy John Fitzgerald Chief Executive Officer; Director 338,934 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $168.15 per share 56,991,752.10

Middleby in the News