Middleby Corp

Industrials US MIDD

150.46USD
0.58(0.39%)

Last update at 2026-03-10T20:00:00Z

Day Range

149.68153.59
LowHigh

52 Week Range

109.59161.01
LowHigh

Fundamentals

  • Previous Close 149.88
  • Market Cap6618.36M
  • Volume526134
  • P/E Ratio17.14
  • Dividend Yield-%
  • EBITDA835.31M
  • Revenue TTM3956.13M
  • Revenue Per Share TTM73.82
  • Gross Profit TTM 1446.55M
  • Diluted EPS TTM7.18

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 564.41M 619.50M 268.06M 462.62M 423.51M
Minority interest - - - - -
Net income 436.57M 488.49M 207.29M 352.24M 317.15M
Selling general administrative 797.23M 667.98M 531.90M 583.81M 538.84M
Selling and marketing expenses - - - - -
Gross profit 1446.55M 1194.86M 882.05M 1103.50M 1004.14M
Reconciled depreciation 138.06M 125.24M 110.53M 103.43M 97.24M
Ebit 639.60M 448.31M 324.43M 514.04M 404.35M
Ebitda 663.11M 573.55M 372.39M 550.99M 501.59M
Depreciation and amortization 23.50M 125.24M 47.96M 36.94M 97.24M
Non operating income net other -28.89300M 1.60M -3.07100M 2.33M -1.82500M
Operating income 639.60M 448.31M 324.43M 514.04M 445.97M
Other operating expenses 3383.53M 2723.91M 2163.11M 2439.65M 2257.63M
Interest expense 88.98M 57.16M 78.62M 82.61M 58.74M
Tax provision 127.85M 131.01M 60.76M 110.38M 106.36M
Interest income - - - - -
Net interest income -88.97700M -57.15700M -78.61700M -82.60900M -58.74200M
Extraordinary items - - - - -
Non recurring 9.72M 7.66M 27.70M -4.35900M 19.33M
Other items - - - - -
Income tax expense 127.85M 131.01M 60.76M 110.38M 106.36M
Total revenue 4032.85M 3250.79M 2513.26M 2959.45M 2722.93M
Total operating expenses 797.23M 667.98M 531.90M 583.70M 538.84M
Cost of revenue 2586.30M 2055.93M 1631.21M 1855.95M 1718.79M
Total other income expense net -75.18900M 171.19M -56.37400M -51.42400M 16.96M
Discontinued operations - - - - -
Net income from continuing ops 436.57M 488.49M 207.29M 352.24M 317.15M
Net income applicable to common shares 436.57M 488.49M 207.29M 352.24M 317.15M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6906.69M 6874.87M 6383.60M 5202.47M 5002.14M
Intangible assets 1693.08M 1794.23M 1875.38M 1450.38M 1443.38M
Earning assets - - - - -
Other current assets 90.85M 135.13M 92.27M 81.05M 61.22M
Total liab 3656.80M 4077.12M 3889.32M 3225.82M 3055.33M
Total stockholder equity 3249.89M 2797.75M 2494.28M 1976.65M 1946.81M
Deferred long term liab - 220.20M 186.94M 147.22M 133.50M
Other current liab 434.09M 485.50M 449.54M 400.67M 342.04M
Common stock 0.15M 0.15M 0.15M 0.15M 0.14M
Capital stock 0.15M 0.15M 0.15M 0.15M 0.14M
Retained earnings 3899.75M 3498.87M 3062.30M 2568.76M 2361.46M
Other liab - 331.85M 587.43M 818.91M 491.81M
Good will 2486.31M 2411.83M 2243.47M 1934.26M 1849.75M
Other assets - 58.78M 176.69M 202.86M 49.19M
Cash 247.50M 162.00M 180.36M 268.10M 94.50M
Cash and equivalents - - - - -
Total current liabilities 851.09M 988.28M 914.89M 700.26M 593.14M
Current deferred revenue 118.68M 185.82M 133.31M 93.87M 74.51M
Net debt 2291.67M 2560.32M 2233.93M 1461.49M 1778.64M
Short term debt 71.24M 45.58M 27.29M 22.94M 2.89M
Short long term debt 44.82M 45.58M 27.29M 22.94M 2.89M
Short long term debt total 2539.16M 2722.32M 2414.29M 1729.60M 1873.14M
Other stockholder equity -426.81500M -422.80000M -209.09000M -103.82600M -63.86000M
Property plant equipment - 443.53M 380.98M 344.48M 352.14M
Total current assets 1965.86M 2006.00M 1707.09M 1270.49M 1209.20M
Long term investments - - - - 1.83M
Net tangible assets - -1408.31900M -1624.57000M -1407.99300M -1346.31400M
Short term investments 2.90M - - - -
Net receivables 691.65M 631.13M 577.14M 363.36M 447.61M
Long term debt 2380.37M 2676.74M 2387.00M 1706.65M 1870.25M
Inventory 935.87M 1077.73M 837.42M 540.20M 585.70M
Accounts payable 227.08M 271.37M 304.74M 182.77M 173.69M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -223.19800M -278.47200M -359.08400M -488.42800M -350.93300M
Additional paid in capital - - - - -
Common stock total equity - 0.15M 0.15M 0.15M 0.14M
Preferred stock total equity - - - - -
Retained earnings total equity - 3498.87M 3062.30M 2568.76M 2361.46M
Treasury stock - -831.17600M -566.39900M -537.13400M -451.30000M
Accumulated amortization - - - - -
Non currrent assets other 93.35M 212.54M 143.49M 126.81M 110.74M
Deferred long term asset charges - - - - -
Non current assets total 4940.83M 4868.87M 4676.51M 3931.98M 3792.95M
Capital lease obligations 26.42M 25.25M 22.75M 22.49M 21.83M
Long term debt total - 2676.74M 2387.00M 1706.65M 1870.25M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -229.67500M -348.31900M -1008.86100M -106.75700M -327.66700M
Change to liabilities - -9.09000M 97.58M 17.05M -28.76200M
Total cashflows from investing activities - -348.31900M -1008.86100M -106.75700M -327.66700M
Net borrowings - 290.28M 592.47M -58.24600M -17.65300M
Total cash from financing activities -390.93900M 7.63M 502.79M -252.46800M -25.44500M
Change to operating activities - 33.45M 47.10M 20.85M 5.70M
Net income 400.88M 436.57M 488.49M 207.29M 352.24M
Change in cash 85.50M -188.49800M -87.74100M 173.60M 22.80M
Begin period cash flow 162.00M 180.36M 268.10M 94.50M 71.70M
End period cash flow 247.50M -8.13600M 180.36M 268.10M 94.50M
Total cash from operating activities 628.79M 332.55M 423.40M 524.78M 377.43M
Issuance of capital stock - - - - -
Depreciation 125.40M 138.06M 125.24M 110.53M 103.43M
Other cashflows from investing activities - -281.03000M -962.31000M -71.90800M -281.05800M
Dividends paid - - - - -
Change to inventory 157.87M -196.31300M -204.16700M 66.69M -28.28800M
Change to account receivables -4.62400M -28.39200M -99.89000M 90.40M -27.74800M
Sale purchase of stock -74.56500M -264.77700M -29.26500M -85.87200M -6.14400M
Other cashflows from financing activities -7.91200M 1852.13M 1669.44M 3179.22M 541.65M
Change to netincome - 39.60M 48.43M 60.98M 30.34M
Capital expenditures 86.98M 69.52M 51.55M 41.90M 46.61M
Change receivables - -28.39200M -99.89000M 90.40M -27.74800M
Cash flows other operating - -47.88200M -32.28900M -24.53200M -23.79000M
Exchange rate changes - - -5.06800M 8.04M -1.51400M
Cash and cash equivalents changes - -8.13600M -87.74100M 173.60M 22.80M
Change in working capital -23.91000M -238.99600M -195.62400M 174.92M -79.73100M
Stock based compensation 51.05M 58.37M 42.33M 19.61M 8.13M
Other non cash items 77.78M -54.80800M -43.90500M -3.99800M -28.85700M
Free cash flow 541.81M 263.03M 371.85M 482.88M 330.82M

Peer Comparison

Sector: Industrials Industry: Specialty Industrial Machinery

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MIDD
Middleby Corp
0.58 0.39% 150.46 17.14 14.18 1.94 2.41 2.48 12.98
SIEGY
Siemens AG ADR
3.48 2.67% 133.93 17.07 15.75 1.88 2.76 2.37 11.38
SMAWF
Siemens AG Class N
-1.68 0.62% 268.82 16.98 15.53 1.83 2.72 2.35 11.32
GE
GE Aerospace
4.59 1.43% 326.52 12.87 26.60 1.61 4.69 1.61 8.43
SBGSY
Schneider Electric SA
0.66 1.14% 58.79 25.90 20.92 3.12 3.98 3.50 17.37

Reports Covered

Stock Research & News

Profile

The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. The company's Food Processing Equipment Group segment provides batch, baking, proofing, conveyor belt, and continuous processing ovens; frying and automated thermal processing systems; tumblers, massagers, grinders, slicers, reduction and emulsion systems, mixers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and automated washing systems, auto-guided vehicles, food safety, food handling, freezing, and defrosting and packaging equipment. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, cooktops, microwaves, ovens, refrigerators, dishwashers, undercounter refrigeration, wine cellars, ice machines, beer dispensers, mixers, rotisseries, and ventilation and outdoor cooking equipment. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The company was founded in 1888 and is based in Elgin, Illinois.

Middleby Corp

1400 Toastmaster Drive, Elgin, IL, United States, 60120

Key Executives

Name Title Year Born
Mr. Timothy J. FitzGerald CEO & Director 1970
Mr. Bryan E. Mittelman Chief Financial Officer 1971
Mr. James K. Pool III Chief Technology & Operations Officer 1972
Mr. Martin M. Lindsay Treasurer, Sec. and Chief Risk & Admin. Officer 1965
Mr. Steven P. Spittle Chief Commercial Officer 1981
Mr. Partha Biswas Division Pres of Middleby India & Global Chief Information Officer NA
Darcy Bretz Director of Corp. Communications NA
Mr. Selim A. Bassoul Consultant 1957
Mr. David Abi Pres of CookTek and Pres of Carter-Hoffmann, Doyon & Nu-Vu NA
Mr. George F. Koether Group Pres of business operations in Asia NA

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