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Stocks · Industrials · Refrigeration & Service Industry Machinery

MIDDLEBY Corp

MIDD Clue Score40
United States Fiscal year ends January CIK 0000769520
$105.95 +0.52% Close, 9 Oct 2026
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Price $105.95 −36.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,267.9Operating income419.0Net income284.2EPS, diluted4.98Fiscal year 2017Revenue2,335.5 +3.0%Operating income378.6Net income298.1 +4.9%EPS, diluted5.26 +5.6%Fiscal year 2018Revenue2,722.9 +16.6%Operating income446.0Net income317.2 +6.4%EPS, diluted5.70 +8.4%Fiscal year 2019Revenue2,959.4 +8.7%Operating income514.0Net income352.2 +11.1%EPS, diluted6.33 +11.1%Fiscal year 2021Revenue2,513.3 −15.1%Operating income324.4Net income207.3 −41.1%EPS, diluted3.76 −40.6%Fiscal year 2022Revenue3,250.8 +29.3%Operating income630.0Net income488.5 +135.7%EPS, diluted8.62 +129.3%Fiscal year 2022Revenue4,032.9 +24.1%Operating income639.6Net income436.6 −10.6%EPS, diluted7.95 −7.8%Fiscal year 2023Revenue3,242.1 −19.6%Operating income652.4Net income400.9 −8.2%EPS, diluted7.41 −6.8%Fiscal year 2024Revenue3,150.2 −2.8%Operating income644.1Net income428.4 +6.9%EPS, diluted7.90 +6.6%Fiscal year 2026Revenue3,201.2 +1.6%Operating income574.9Net income−277.7 −164.8%EPS, diluted−5.32 −167.3%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Revenue 2,267.9 2,335.5 2,722.9 2,959.4 2,513.3 3,250.8 4,032.9 3,242.1 3,150.2 3,201.2
Growth +3.0% +16.6% +8.7% −15.1% +29.3% +24.1% −19.6% −2.8% +1.6%
Operating income 419.0 378.6 446.0 514.0 324.4 630.0 639.6 652.4 644.1 574.9
Net income 284.2 298.1 317.2 352.2 207.3 488.5 436.6 400.9 428.4 −277.7
Growth +4.9% +6.4% +11.1% −41.1% +135.7% −10.6% −8.2% +6.9% −164.8%
EPS, diluted 4.98 5.26 5.70 6.33 3.76 8.62 7.95 7.41 7.90 −5.32
Growth +5.6% +8.4% +11.1% −40.6% +129.3% −7.8% −6.8% +6.6% −167.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin39.7%Operating margin18.5%Net margin12.5%Free cash flow margin11.9%Fiscal year 2017Gross margin39.1%Operating margin16.2%Net margin12.8%Free cash flow margin10.7%Fiscal year 2018Gross margin36.9%Operating margin16.4%Net margin11.6%Free cash flow margin12.2%Fiscal year 2019Gross margin37.3%Operating margin17.4%Net margin11.9%Free cash flow margin11.2%Fiscal year 2021Gross margin35.1%Operating margin12.9%Net margin8.2%Free cash flow margin19.5%Fiscal year 2022Gross margin36.8%Operating margin19.4%Net margin15.0%Free cash flow margin11.6%Fiscal year 2022Gross margin35.9%Operating margin15.9%Net margin10.8%Free cash flow margin6.6%Fiscal year 2023Gross margin39.6%Operating margin20.1%Net margin12.4%Free cash flow margin17.6%Fiscal year 2024Gross margin39.7%Operating margin20.4%Net margin13.6%Free cash flow margin20.6%Fiscal year 2026Gross margin39.1%Operating margin18.0%Net margin−8.7%Free cash flow margin17.5%
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Gross margin 39.7% 39.1% 36.9% 37.3% 35.1% 36.8% 35.9% 39.6% 39.7% 39.1%
Operating margin 18.5% 16.2% 16.4% 17.4% 12.9% 19.4% 15.9% 20.1% 20.4% 18.0%
Net margin 12.5% 12.8% 11.6% 11.9% 8.2% 15.0% 10.8% 12.4% 13.6% −8.7%
Free cash flow margin 11.9% 10.7% 12.2% 11.2% 19.5% 11.6% 6.6% 17.6% 20.6% 17.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow294.1Capital expenditure−24.8Free cash flow269.3Buybacks−4.4Fiscal year 2017Operating cash flow304.5Capital expenditure−54.5Free cash flow250.0 −7.2%Buybacks−239.8Fiscal year 2018Operating cash flow368.9Capital expenditure−36.0Free cash flow332.9 +33.2%Buybacks0.0Fiscal year 2019Operating cash flow377.4Capital expenditure−46.6Free cash flow330.8 −0.6%Buybacks−6.1Fiscal year 2021Operating cash flow524.8Capital expenditure−34.8Free cash flow489.9 +48.1%Buybacks−85.9Fiscal year 2022Operating cash flow423.4Capital expenditure−46.6Free cash flow376.8 −23.1%Buybacks−29.3Fiscal year 2022Operating cash flow332.6Capital expenditure−67.3Free cash flow265.3 −29.6%Buybacks−264.8Fiscal year 2023Operating cash flow628.8Capital expenditure−59.2Free cash flow569.6 +114.7%Buybacks−74.6Fiscal year 2024Operating cash flow686.8Capital expenditure−36.7Free cash flow650.1 +14.1%Buybacks−34.7Fiscal year 2026Operating cash flow630.2Capital expenditure−70.7Free cash flow559.5 −13.9%Buybacks−723.6
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Operating cash flow 294.1 304.5 368.9 377.4 524.8 423.4 332.6 628.8 686.8 630.2
Capital expenditure −24.8 −54.5 −36.0 −46.6 −34.8 −46.6 −67.3 −59.2 −36.7 −70.7
Free cash flow 269.3 250.0 332.9 330.8 489.9 376.8 265.3 569.6 650.1 559.5
Growth −7.2% +33.2% −0.6% +48.1% −23.1% −29.6% +114.7% +14.1% −13.9%
Buybacks −4.4 −239.8 0.0 −6.1 −85.9 −29.3 −264.8 −74.6 −34.7 −723.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash68.5Total debt732.1Net cash (debt)−663.6Shareholders’ equity1,265.3Debt to equity0.58Fiscal year 2017Cash89.7Total debt1,028.9Net cash (debt)−939.2Shareholders’ equity1,361.1Debt to equity0.76Fiscal year 2018Cash71.7Total debt1,892.1Net cash (debt)−1,820.4Shareholders’ equity1,665.2Debt to equity1.14Fiscal year 2019Cash94.5Total debt1,873.1Net cash (debt)−1,778.6Shareholders’ equity1,946.8Debt to equity0.96Fiscal year 2021Cash268.1Total debt1,729.6Net cash (debt)−1,461.5Shareholders’ equity1,976.6Debt to equity0.88Fiscal year 2022Cash180.4Total debt2,414.3Net cash (debt)−2,233.9Shareholders’ equity2,494.3Debt to equity0.97Fiscal year 2022Cash162.0Total debt2,722.3Net cash (debt)−2,560.3Shareholders’ equity2,797.7Debt to equity0.97Fiscal year 2023Cash247.5Total debt2,425.2Net cash (debt)−2,177.7Shareholders’ equity3,249.9Debt to equity0.75Fiscal year 2024Cash638.8Total debt2,395.1Net cash (debt)−1,756.3Shareholders’ equity3,638.4Debt to equity0.66Fiscal year 2026Cash222.2Total debt2,173.0Net cash (debt)−1,950.8Shareholders’ equity2,776.2Debt to equity0.78
FY2016FY2017FY2018FY2019FY2021FY2022FY2022FY2023FY2024FY2026
Cash 68.5 89.7 71.7 94.5 268.1 180.4 162.0 247.5 638.8 222.2
Total debt 732.1 1,028.9 1,892.1 1,873.1 1,729.6 2,414.3 2,722.3 2,425.2 2,395.1 2,173.0
Net cash (debt) −663.6 −939.2 −1,820.4 −1,778.6 −1,461.5 −2,233.9 −2,560.3 −2,177.7 −1,756.3 −1,950.8
Shareholders’ equity 1,265.3 1,361.1 1,665.2 1,946.8 1,976.6 2,494.3 2,797.7 3,249.9 3,638.4 2,776.2
Debt to equity 0.58 0.76 1.14 0.96 0.88 0.97 0.97 0.75 0.66 0.78

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2021 2 Jan 2021 FY2022 1 Jan 2022 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2026 3 Jan 2026
Assets
68.5 89.7 71.7 94.5 268.1 180.4 162.0 247.5 638.8 222.2
325.9 328.4 398.7 447.6 363.4 577.1 631.1 644.6 531.8 573.0
368.2 424.6 521.8 585.7 540.2 837.4 1,077.7 935.9 655.9 692.6
221.6 281.9 314.6 352.1 344.5 381.0 443.5 510.9 384.7 431.6
1,092.7 1,264.8 1,743.2 1,849.7 1,934.3 2,243.5 2,411.8 1,704.3 1,744.2 1,799.6
2,917.1 3,339.7 4,549.8 5,002.1 5,202.5 6,383.6 6,874.9 6,906.7 7,283.2 6,315.2
Growth +14.5% +36.2% +9.9% +4.0% +22.7% +7.7% +0.5% +5.5% −13.3%
Liabilities
5.9 5.1 3.2 2.9 22.9 27.3 45.6 44.8 43.9 44.4
726.2 1,023.7 1,888.9 1,870.2 1,706.7 2,387.0 2,676.7 2,380.4 2,351.1 2,128.6
calc 732.1 1,028.9 1,892.1 1,873.1 1,729.6 2,414.3 2,722.3 2,425.2 2,395.1 2,173.0
Equity
1,399.5 1,697.6 2,009.2 2,361.5 2,568.8 3,062.3 3,498.9 3,899.8 4,328.2 4,050.5
1,265.3 1,361.1 1,665.2 1,946.8 1,976.6 2,494.3 2,797.7 3,249.9 3,638.4 2,776.2
Growth +7.6% +22.3% +16.9% +1.5% +26.2% +12.2% +16.2% +12.0% −23.7%
Per share and net cash
calc −663.6 −939.2 −1,820.4 −1,778.6 −1,461.5 −2,233.9 −2,560.3 −2,177.7 −1,756.3 −1,950.8
57.5 55.7 55.7 56.2 55.6 54.7 53.6 53.6 53.6 47.2
calc 21.99 24.42 29.89 34.65 35.53 45.63 52.19 60.63 67.85 58.84

Lines marked calc are worked out here from filed figures; point at one for how.