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MIDDLEBY Corp MIDD

Nasdaq · stock · Refrigeration & Service Industry Machinery · website · IPO 1987-08-10

MIDDLEBY Corp statistics & valuation

Market cap$7.8B
P / S2.4×
P / B2.8×
P / FCF14.0×
Net margin-8.7%
Return on equity-10.0%
FCF margin17.5%
Net debt$1.9B
Net debt / EBITDA2.8×
Enterprise value USD$9.7B
EV / EBITDA14.3×
Earnings yield EBIT/EV5.9%
Return on capital11%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
12.50% 12.80% 11.60% 11.90% 8.20% 15.00% 10.80% 12.40% 13.60% -8.70% 2016201720182019202120222022202320242026
Gross margin (%)
39.70% 39.10% 36.90% 37.30% 35.10% 36.80% 35.90% 39.60% 39.70% 39.10% 2016201720182019202120222022202320242026
Operating margin (%)
18.50% 16.20% 16.40% 17.40% 12.90% 19.40% 15.90% 20.10% 20.40% 18.00% 2016201720182019202120222022202320242026
Return on equity (%)
22.50% 21.90% 19.00% 18.10% 10.50% 19.60% 15.60% 12.30% 11.80% -10.00% 2016201720182019202120222022202320242026
Shares outstanding
57.5M 56.7M 55.6M 55.7M 55.1M 56.7M 54.9M 54.1M 54.2M 52.2M 2016201720182019202120222022202320242026
Net debt ($)
$663.6M $939.2M $1.82B $1.78B $1.46B $2.23B $2.56B $2.18B $1.76B $1.91B 2016201720182019202120222022202320242026
Share buybacks ($)
2016201720182019202120222022202320242026
Return on assets (%)
9.70% 8.90% 7.00% 7.00% 4.00% 7.70% 6.40% 5.80% 5.90% -4.40% 2016201720182019202120222022202320242026
Free cash flow margin (%)
11.90% 10.70% 12.20% 11.20% 19.50% 11.60% 6.60% 17.60% 20.60% 17.50% 2016201720182019202120222022202320242026
Debt / equity (×)
0.58× 0.76× 1.14× 0.96× 0.88× 0.97× 0.97× 0.75× 0.66× 0.77× 2016201720182019202120222022202320242026
EPS ($)
$4.98 $5.26 $5.70 $6.33 $3.76 $8.62 $7.95 $7.41 $7.90 -$5.32 2016201720182019202120222022202320242026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MIDDLEBY Corp trades at about 15.1× earnings — below its 10-year norm (10-year range 14.3×–29×, median 17.4×).

14.3× 29×

Shaded band = 10-year range (14.3×–29×); dot = today's 15.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017FY2016
Gross margin39.1%39.7%39.6%35.9%36.8%35.1%37.3%36.9%39.1%39.7%
Operating margin18.0%20.4%20.1%15.9%19.4%12.9%17.4%16.4%16.2%18.5%
Net margin-8.7%13.6%12.4%10.8%15.0%8.2%11.9%11.6%12.8%12.5%
FCF margin17.5%20.6%17.6%6.6%11.6%19.5%11.2%12.2%10.7%11.9%
Return on assets-4.4%5.9%5.8%6.4%7.7%4.0%7.0%7.0%8.9%9.7%
Return on equity-10.0%11.8%12.3%15.6%19.6%10.5%18.1%19.0%21.9%22.5%
Debt / equity0.77×0.66×0.75×0.97×0.97×0.88×0.96×1.14×0.76×0.58×
Current ratio2.572.812.312.031.871.812.041.901.971.66

Computed from company filings · US · as of 2026-01-03. Facts plus Stocktoria's own computed scores — not investment advice.