The Middleby Corporation (MIDD) Financial Statements
$113.05NASDAQ: MIDDMarket Cap $5.11B
The Middleby Corporation most recently reported annual revenue of $3.2B, a net loss of $278.0M. Revenue grew at an average annual rate of 5.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
The Middleby Corporation: Revenue rose from $2.3B in 2016 to $3.2B in 2025, a change of +41.1% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 19.7% to 18.4%, a shift of -1.3 percentage points; the most recent year shows a net loss of $278.0M.
Income Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Revenue
$2.3B
$2.3B
$2.7B
$3.0B
$2.5B
$3.3B
$4.0B
$4.0B
$3.9B
$3.2B
Operating Expenses
$1.8B
$1.9B
$2.3B
$2.4B
$2.2B
$2.6B
$3.4B
$3.4B
$3.2B
$2.6B
Operating Profit
$446.0M
$410.0M
$446.0M
$514.0M
$324.0M
$630.0M
$640.0M
$635.0M
$656.0M
$589.0M
Operating Margin
19.7%
17.6%
16.4%
17.4%
12.9%
19.4%
15.9%
15.7%
16.9%
18.4%
Other Income
$2.0M
$5.0M
$-22.0M
$-51.0M
$-56.0M
$-10.0M
$-75.0M
$-115.0M
$-79.0M
$-106.0M
Interest
$24.0M
$26.0M
$59.0M
$83.0M
$79.0M
$57.0M
$89.0M
$120.0M
$92.0M
$94.0M
Depreciation
$56.0M
$70.0M
$97.0M
$103.0M
$108.0M
$125.0M
$138.0M
$125.0M
$127.0M
$99.0M
Profit Before Tax
$421.0M
$384.0M
$424.0M
$463.0M
$268.0M
$620.0M
$564.0M
$519.0M
$577.0M
$482.0M
Tax
$32.5M
$22.3M
$25.1M
$23.9M
$22.7M
$21.1M
$22.6M
$22.8M
$25.8M
$23.9M
Net Profit
$284.0M
$298.0M
$317.0M
$352.0M
$207.0M
$488.0M
$437.0M
$401.0M
$428.0M
$-278.0M
EPS
$4.98
$5.26
$5.70
$6.33
$3.76
$8.62
$7.95
$7.41
$7.90
$-5.38
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Jun '23
Sep '23
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Mar '26
Jun '26
Revenue
$1.0B
$981.0M
$1.0B
$927.0M
$992.0M
$943.0M
$1.0B
$907.0M
$978.0M
$982.0M
$866.0M
$840.0M
Operating Expenses
$846.0M
$806.0M
$894.0M
$790.0M
$816.0M
$769.0M
$844.0M
$766.0M
$820.0M
$1.5B
$705.0M
$705.0M
Operating Profit
$161.0M
$174.0M
$115.0M
$137.0M
$176.0M
$173.0M
$170.0M
$141.0M
$158.0M
$-554.0M
$161.0M
$135.0M
Operating Margin
16.0%
17.8%
11.4%
14.8%
17.7%
18.4%
16.8%
15.5%
16.1%
-56.4%
18.6%
16.1%
Interest
$29.0M
$31.0M
$28.0M
$26.0M
$25.0M
$21.0M
$20.0M
$18.0M
$20.0M
$25.0M
$29.0M
$25.0M
Profit Before Tax
$132.0M
$144.0M
$87.0M
$115.0M
$155.0M
$155.0M
$153.0M
$121.0M
$133.0M
$-579.0M
$121.0M
$113.0M
Tax
$24.9M
$24.8M
$12.2M
$24.6M
$25.4M
$26.2M
$26.6M
$24.0M
$20.3M
$11.4M
$28.7M
$24.5M
Net Profit
$99.0M
$109.0M
$76.0M
$87.0M
$115.0M
$114.0M
$112.0M
$92.0M
$106.0M
$-513.0M
$37.0M
$-50.0M
EPS
$1.82
$2.01
$1.42
$1.59
$2.13
$2.11
$2.07
$1.69
$1.99
$-10.15
$0.74
$-1.06
Over the 10 years reported for The Middleby Corporation, borrowings increased from $732.0M in 2016 to $2.2B in 2025, cash stood at $222.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.57 times.
Balance Sheet — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
$2.9B
$3.3B
$4.5B
$5.0B
$5.2B
$6.4B
$6.9B
$6.9B
$7.3B
$6.3B
Current Assets
$812.0M
$932.0M
$1.1B
$1.2B
$1.3B
$1.7B
$2.0B
$2.0B
$2.3B
$2.7B
Cash
$68.0M
$90.0M
$72.0M
$95.0M
$268.0M
$180.0M
$162.0M
$247.0M
$690.0M
$222.0M
Inventory
$368.0M
$425.0M
$522.0M
$586.0M
$540.0M
$837.0M
$1.1B
$936.0M
$842.0M
$693.0M
Receivables
$326.0M
$328.0M
$399.0M
$448.0M
$363.0M
$577.0M
$672.0M
$692.0M
$643.0M
$573.0M
Fixed Assets
$222.0M
$282.0M
$315.0M
$352.0M
$344.0M
$381.0M
$444.0M
$620.0M
$526.0M
$432.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$9.0M
$10.0M
$13.0M
$0
$0
$0
$58.0M
$40.0M
$28.0M
$0
Other Assets
$1.1B
$1.3B
$1.7B
$1.9B
$1.9B
$2.2B
$2.4B
$2.5B
$2.5B
$1.8B
Total Liabilities
$1.7B
$2.0B
$2.9B
$3.1B
$3.2B
$3.9B
$4.1B
$3.7B
$3.6B
$3.5B
Current Liabilities
$488.0M
$474.0M
$559.0M
$593.0M
$700.0M
$915.0M
$988.0M
$851.0M
$829.0M
$1.1B
Borrowings
$732.0M
$1.0B
$1.9B
$1.9B
$1.8B
$2.4B
$2.8B
$2.5B
$2.5B
$2.2B
Other Liabilities
$920.0M
$950.0M
$992.0M
$1.2B
$1.5B
$1.5B
$1.2B
$1.1B
$1.1B
$1.4B
Equity
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Reserves
$1.3B
$1.4B
$1.7B
$1.9B
$2.0B
$2.5B
$2.8B
$3.3B
$3.6B
$2.8B
For The Middleby Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $558.0M; free cash flow was positive in 10 of 10 years; financing activities used $743.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 10 Years (USD millions)
Metric
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating Cash Flow
$294.0M
$304.0M
$369.0M
$377.0M
$525.0M
$423.0M
$333.0M
$629.0M
$687.0M
$630.0M
Investing Cash Flow
$-261.0M
$-400.0M
$-1.3B
$-374.0M
$-149.0M
$-1.1B
$-418.0M
$-243.0M
$-208.0M
$-199.0M
Financing Cash Flow
$-12.0M
$-240.0M
$-2.0M
$-8.0M
$-90.0M
$-99.0M
$-283.0M
$-82.0M
$-39.0M
$-743.0M
Net Cash Flow
$13.0M
$21.0M
$-18.0M
$23.0M
$174.0M
$-88.0M
$-18.0M
$85.0M
$442.0M
$-417.0M
Free Cash Flow
$269.0M
$250.0M
$327.0M
$331.0M
$483.0M
$372.0M
$263.0M
$542.0M
$638.0M
$558.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.10
EV / EBITDA
-1029.46
FCF Yield
10.48%
Quick Ratio
1.10
Interest Coverage
-1.04
Return 1Y
1.74%
Return 3Y
-4.61%
Return 5Y
-22.35%
The Middleby Corporation (MIDD) financials — frequently asked questions
What is The Middleby Corporation's annual revenue?
The Middleby Corporation (MIDD) reported annual revenue of $3.2B in its most recent fiscal year.
What is The Middleby Corporation's net profit?
The Middleby Corporation (MIDD) reported a net loss of $278.0M in its most recent fiscal year.
What is MIDD EV/EBITDA?
The Middleby Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is -1029.46. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.