MIDD The Middleby Corporation - Common Stock

NASDAQ · Machinery · View on SEC EDGAR ↗
$114.94
Price · Aug 18, 2026
Fundamentals as of Aug 13, 2026

About The Middleby Corporation - Common Stock Company overview from Wikipedia

The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.

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The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.

History

Portable ovens

The company was founded by Joseph Middleby and John Marshall in Chicago in 1888 as a bakery supplier. The company made custom portable ovens for the bakery industry. Middleby sold the company to Marshall in the early 1900s. The company was privately held by descendants of Marshall until it was purchased by a private company in 1976. The company was purchased by TMC Industries Ltd. in 1983 and changed its name to The Middleby Corporation in 1985 and moved its headquarters to Elgin, Illinois in the late 1980s.

Expansion

By 1996, the company had expanded its manufacturing base overseas and had opened a manufacturing and training facility employing 190 in Santa Rosa, Laguna, the Philippines.

By 2006, the company had successfully streamlined operations to an extent allowing them to close two of its seven manufacturing facilities in the United States with no loss of product lines or capacity; this was in addition to three facilities shut down in 2001 and 2002. Also in the 2001 to 2006 period, the company's income yield from sales increased from about 3% to just over 10%, while its stock valuation increased by over 15-fold, performance gains which were attributed to CEO Bassoul.

The Middleby Corporation was originally available for purchase on the NASDAQ over-the-counter market and became listed on the American Stock Exchange in 1988. Its first public offering came in September 1997 with a share price offering of $10 on the NASDAQ. Selim Bassoul became the CEO of Middleby in January 2001.

McDonald's ice cream machines

In 2021, the company was criticized in the media for producing ice cream machines for McDonald's that were intentionally unreliable and difficult to repair as a means to drive up maintenance revenue. They were sued by the makers of an app, Kytch, that assisted with repair.

Acquisitions

Middleby has acquired numerous businesses in the US and internationally. In 1990, Middleby acquired a majority stake in Asbury Associates Inc., a Filipino manufacturer of food service equipment. It increased its interest to 80% by 1991 and became the company's main export distributor internationally with the exception of Canada where Middleby already owned a distributor. The same year, it established Fab-Asia, Inc., a separate unit in Manila for manufacturing of kitchen equipment for markets in Asia and the United States.

Middleby initiated assimilation of MagiKitch'n brands in 2010 to their commercial appliance line.

Middleby purchased TurboChef in 2008 in a deal reported to be worth $200 million. It was reported by Bassoul that the purchase would strengthen the company's position as a leader in the food service equipment industry. Both companies were previously competitors in food service equipment for speed cooking pizza ovens.

In 2013, The Middleby Corporation purchased Viking Range for US$380 million from investors Warren Stephens and Fred Carl, Jr., the latter of whom would continue at the helm of the new subsidiary. Middleby announced that it would incorporate its technology into Viking equipment and increase residential sales, which were approximately 1% to 2% of the company's overall sales prior to the purchase. The acquisition was said to be the largest in the company's history, bringing 750 employees into the company.

In July 2015, Aga Rangemaster Group, the British manufacturer of cast-iron cooking ranges was acquired for £129 million.

In 2016, Middleby acquired Follett Ice in Easton, Pennsylvania.

In May 2018, Taylor Company, a manufacturer of ice cream dispensing equipment and frozen drink machines was acquired for $1 billion.

In December 2021, The Middleby Corporation purchased consumer grill manufacturers Kamado Joe, Masterbuilt, and Char-Griller, which were estimated to expand the revenues of the Middleby Residential platform to more than $1 billion.[1]

In July 2022, Middleby acquired CP Packaging, a US-based equipment manufacturer.

Products and brands

Industrial processing

Residential

Aga Rangemaster (acquired July 2015)

Brava Home

Char-Griller

Falcon

Grange

Kamado Joe

La Cornue

Lynx

Marvel

Masterbuilt

Rayburn Range

Viking

Waterford Stanley

Novy (2021)

Former brands

Victory Refrigeration: a former subsidiary and brand engaged in development of refrigeration technology; sold in 1996 to "an investor group led by local management" of the subsidiary.

Awards and recognition

Middleby has received awards and recognition, including numerous supplier awards. In 2013 it was recognized as the Supplier Partner of the Year by Brinker International, after installing approximately 1,200 ovens in the company's Chili's restaurants. It was recognized as one of the best stocks of the millennium by The Motley Fool and featured as a hot growth company in BusinessWeek.

Middleby has been on the Forbes' list of 200 Best Small Companies numerous times, including being listed as #12 in 2004, #10 in 2005, #9 in 2006, and continuing 9 consecutive years receiving recognition as #25 on the list in 2012. The United States Department of Commerce recognized Middleby in 1997 with the President's "E" Award. The award was given to a total of 11 firms in the United States for recognition of their success in exporting. It was recognized again for its exporting in 2001 as a recipient of the Governor's Export Award presented by then Illinois Governor George Ryan.

Middleby made the Crain's Chicago Business Fast 50 list in 2013, also being recognized on the list in 2007 and 2009. It received a NRA Kitchen Innovations Award in 2013 for its WOW! Ovens, currently in use by the top nine pizza chains. It was also featured in the 2011 book Innovating...Chicago-style: How Local Innovators Are Building the National Economy.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MIDD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$114.94
Market Cap
P/E (TTM)
-28.3
EPS (TTM)
$-5.32
Revenue (TTM)
$3.20B
Div Yield
ROE
-8.7%
Debt/Equity
0.8
52W Range
$111 – $180

MIDD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $3.20B
4-point trend, -20.6%
2022-12-31 2026-01-03
EPS $-5.32
4-point trend, -166.9%
2022-12-31 2026-01-03
Free Cash Flow $559M
4-point trend, +110.9%
2022-12-31 2026-01-03
Margins -8.7%
4-point trend, +9.0%
2022-12-31 2026-01-03

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MIDD
Peer Median
P/E (TTM)
4-point trend, -268.3%
-28.3
33.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MIDD
Peer Median
Gross Margin
4-point trend, +9.0%
39.1%
37.6%
Operating Margin
4-point trend, +13.2%
18.0%
Net Profit Margin
4-point trend, -180.1%
-8.7%
7.2%
ROA
4-point trend, -163.3%
-4.1%
4.8%
ROE
4-point trend, -152.6%
-8.7%
10.6%
ROIC
4-point trend, -1.2%
8.8%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MIDD
Peer Median
Debt / Equity
4-point trend, -19.6%
0.8
Current Ratio
4-point trend, +26.5%
2.6
2.5
Quick Ratio
4-point trend, -7.2%
0.7

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MIDD
Peer Median
Revenue YoY
4-point trend, -20.6%
1.6%
Revenue CAGR 3Y
4-point trend, -20.6%
-7.4%
Revenue CAGR 5Y
4-point trend, -20.6%
5.0%
EPS YoY
4-point trend, -166.9%
6.6%
Net Income YoY
4-point trend, -163.6%
6.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MIDD
Peer Median
EPS (Diluted)
4-point trend, -166.9%
$-5.32

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MIDD
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
June 2, 2004$0.0536
Nov. 7, 2003$0.0335
Dec. 18, 2000$0.0134
Feb. 26, 1991$0.0027
Nov. 14, 1990$0.0027
Aug. 16, 1990$0.0027
May 17, 1990$0.0027
March 5, 1990$0.0027
Nov. 15, 1989$0.0027
Aug. 17, 1989$0.0027
May 19, 1989$0.0027
Feb. 21, 1989$0.0027
Nov. 14, 1988$0.0067

MIDD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 17 analysts
  • Strong Buy 6 35.3%
  • Buy 7 41.2%
  • Hold 4 23.5%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

9 analysts · 2026-08-15
Median target $157.00 +36.6%
Mean target $154.89 +34.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.16%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.35 $2.07 0.28%
March 31, 2026 $2.16 $1.98 0.18%
Dec. 31, 2025 $2.42 $2.32 0.10%
Sept. 30, 2025 $2.37 $2.11 0.26%
June 30, 2025 $2.35 $2.28 0.07%
March 31, 2025 $2.08 $1.99 0.09%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MIDD -28.3 1.6% -8.7% -8.7% 39.1%
TKR 20.5 0.19% 6.3% 9.6%
ESE 18.3 19.2% 27.3% 21.5%
NPO $4.52B 112.1 9.0% 3.5% 2.7% 42.6%
GTES $5.44B 22.4 1.0% 7.3% 7.9% 39.8%
JBTM $7.83B -153.7 121.3% -1.3% -1.1%
ESAB $6.78B 30.4 3.7% 8.0% 11.5% 36.9%
CR $10.62B 29.5 8.2% 15.9% 19.8%
ALH $4.02B 36.3 13.3% 5.9% 94.4% 37.6%
CECO $2.13B 43.7 0.00% 6.7% 17.7% 35.9%
FELE $4.22B 29.7 5.4% 6.9% 11.4% 35.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +95.6% $3.20B $3.15B $3.24B $4.03B $3.25B $2.51B $2.96B $2.72B $2.34B $2.27B $1.83B $1.64B
Cost of Revenue 12-point trend, +95.7% $1.95B $1.90B $1.96B $2.59B $2.06B $1.63B $1.86B $1.72B $1.42B $1.37B $1.12B $996M
Gross Profit 12-point trend, +95.4% $1.25B $1.25B $1.28B $1.45B $1.19B $882M $1.10B $1.00B $913M $901M $707M $641M
R&D Expense 12-point trend, +160.2% $59M $51M $47M $49M $42M $35M $41M $35M $29M $26M $22M $23M
SG&A Expense 12-point trend, +322.3% $663M $590M $625M $797M $668M $532M $594M $539M $468M $472M $375M $157M
Operating Income 12-point trend, +91.4% $575M $644M $652M $640M $630M $324M $514M $446M $379M $419M $303M $300M
Other Non-op 12-point trend, -25.5% $-5M $458.0K $-4M $-29M $2M $-3M $2M $-2M $-829.0K $-1M $-4M $-4M
Pretax Income 12-point trend, +71.8% $482M $566M $536M $564M $620M $268M $463M $424M $384M $421M $281M $281M
Income Tax 12-point trend, +31.5% $115M $145M $123M $128M $131M $61M $110M $106M $85M $137M $90M $87M
Net Income 12-point trend, -243.7% $-278M $428M $401M $437M $488M $207M $352M $317M $298M $284M $192M $193M
EPS (Basic) 12-point trend, -257.8% $-5.38 $7.97 $7.48 $8.07 $8.85 $3.76 $6.33 $5.71 $5.26 $4.98 $3.36 $3.41
EPS (Diluted) 12-point trend, -256.5% $-5.32 $7.90 $7.41 $7.95 $8.62 $3.76 $6.33 $5.70 $5.26 $4.98 $3.36 $3.40
Shares (Basic) 12-point trend, -9.0% 51,655,000 53,738,000 53,577,000 54,095,000 55,216,000 55,093,000 55,647,000 55,576,000 56,715,000 57,030,000 56,951,000 56,764,000
Shares (Diluted) 12-point trend, -8.1% 52,179,000 54,209,000 54,086,000 54,947,000 56,665,000 55,136,000 55,656,000 55,604,000 56,719,000 57,085,000 56,973,000 56,784,000
EBITDA 12-point trend, +99.1% $680M $783M $767M $778M $755M $435M $617M $543M $480M $504M $357M $342M
Balance Sheet 28
Annual Balance Sheet data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +405.7% $222M $639M $247M $162M $180M $268M $94M $72M $90M $68M $56M $44M
Receivables 12-point trend, +149.3% $573M $532M $645M $631M $577M $363M $448M $399M $328M $326M $283M $230M
Inventory 12-point trend, +170.8% $693M $656M $936M $1.08B $837M $540M $586M $522M $425M $368M $354M $256M
Prepaid Expense 12-point trend, +297.3% $111M $115M $113M $126M $92M $81M $61M $51M $55M $43M $40M $28M
Current Assets 12-point trend, +346.6% $2.74B $2.33B $1.97B $2.01B $1.71B $1.27B $1.21B $1.06B $932M $812M $795M $614M
PP&E (Net) 12-point trend, +232.8% $432M $385M $511M $444M $381M $344M $352M $315M $282M $222M $200M $130M
PP&E (Gross) 12-point trend, +249.3% $743M $653M $850M $743M $647M $574M $550M $482M $424M $341M $300M $213M
Accum. Depreciation 12-point trend, +275.0% $311M $268M $340M $300M $266M $230M $198M $168M $142M $119M $100M $83M
Goodwill 12-point trend, +122.6% $1.80B $1.74B $1.70B $2.41B $2.24B $1.93B $1.85B $1.74B $1.26B $1.09B $983M $808M
Intangibles 12-point trend, +115.7% $1.06B $1.10B $1.69B $1.79B $1.88B $1.45B $1.44B $1.36B $780M $696M $749M $492M
Other Non-current Assets 12-point trend, +777.2% $165M $147M $204M $213M $143M $127M $111M $37M $36M $43M $22M $19M
Total Assets 12-point trend, +205.7% $6.32B $7.28B $6.91B $6.87B $6.38B $5.20B $5.00B $4.55B $3.34B $2.92B $2.76B $2.07B
Accounts Payable 12-point trend, +110.2% $207M $166M $227M $271M $305M $183M $174M $188M $146M $147M $158M $98M
Accrued Liabilities 12-point trend, +160.6% $575M $494M $579M $671M $583M $495M $417M $367M $322M $336M $320M $221M
Current Liabilities 12-point trend, +225.4% $1.07B $829M $851M $988M $915M $700M $593M $559M $474M $488M $510M $328M
Capital Leases 7-point trend, +25.6% $94M $67M $88M $80M $74M $77M $75M · · · · ·
Deferred Tax 12-point trend, +76.5% $157M $151M $216M $220M $187M $147M $134M $82M $43M $26M $50M $89M
Other Non-current Liabilities 12-point trend, +449.5% $178M $171M $197M $177M $181M $202M $169M $70M $59M $36M $30M $32M
Long-term Debt 12-point trend, +263.3% $2.17B $2.40B $2.43B $2.72B $2.41B $1.73B $1.87B $1.89B $1.03B $732M $766M $598M
Total Debt 12-point trend, +263.3% $2.17B $2.40B $2.43B $2.72B $2.41B $1.73B $1.87B $1.89B $1.03B $732M $766M $598M
Common Stock 12-point trend, +6.2% $153.0K $148.0K $148.0K $147.0K $147.0K $147.0K $145.0K $145.0K $145.0K $144.0K $144.0K $144.0K
Paid-in Capital 12-point trend, +94.2% $603M $520M $479M $408M $357M $433M $387M $377M $375M $355M $329M $310M
Retained Earnings 12-point trend, +338.5% $4.05B $4.33B $3.90B $3.50B $3.06B $2.57B $2.36B $2.01B $1.70B $1.40B $1.12B $924M
Treasury Stock 12-point trend, +785.2% $1.74B $941M $906M $831M $566M $537M $451M $445M $445M $205M $201M $196M
AOCI 12-point trend, -351.4% $-142M $-269M $-223M $-278M $-359M $-488M $-351M $-276M $-266M $-284M $-76M $-31M
Stockholders' Equity 12-point trend, +175.8% $2.78B $3.64B $3.25B $2.80B $2.49B $1.98B $1.95B $1.67B $1.36B $1.27B $1.17B $1.01B
Liabilities + Equity 12-point trend, +205.7% $6.32B $7.28B $6.91B $6.87B $6.38B $5.20B $5.00B $4.55B $3.34B $2.92B $2.76B $2.07B
Shares Outstanding 4-point trend, -2.7% · · · · · · · · 55,730,624 57,539,766 57,306,082 57,271,680
Cash Flow 16
Annual Cash Flow data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +155.3% $105M $104M $110M $138M $125M $111M $103M $97M $70M $58M $54M $41M
Stock-based Comp 12-point trend, -19.3% $13M $32M $45M $58M $42M $20M $8M $2M $6M $28M $16M $17M
Deferred Tax 12-point trend, +357.2% $70M $36M $442.0K $-7M $7M $16M $22M $20M $-14M $21M $2M $15M
Amort. of Intangibles 12-point trend, +124.8% $55M $57M $66M $86M $76M $69M $64M $60M $39M $30M $27M $25M
Restructuring 12-point trend, -53.8% $3M $8M $5M $10M $8M $12M $10M $19M $20M $11M $29M $7M
Other Non-cash 12-point trend, +2298.0% $719M $59M $47M $-294M $-240M $171M $-109M $-68M $-55M $-98M $-14M $-33M
Operating Cash Flow 12-point trend, +169.5% $630M $687M $629M $333M $423M $525M $377M $369M $304M $294M $250M $234M
CapEx 12-point trend, +438.1% $71M $37M $59M $67M $47M $35M $47M $36M $54M $25M $22M $13M
Investing Cash Flow 12-point trend, +45.6% $-127M $-159M $-156M $-348M $-1.01B $-107M $-328M $-1.24B $-345M $-236M $-371M $-233M
Stock Issued Flat — no change across 2 periods · · · · · · · · · · $0 $0
Stock Repurchased 12-point trend, +1534.1% $724M $35M $75M $265M $29M $86M $6M $0 $240M $4M $5M $44M
Net Stock Activity 12-point trend, -1534.1% $-724M $-35M $-75M $-265M $-29M $-86M $-6M $0 $-240M $-4M $-5M $-44M
Financing Cash Flow 12-point trend, -11025.4% $-971M $-74M $-391M $8M $503M $-252M $-25M $856M $56M $-41M $137M $9M
Net Change in Cash 12-point trend, -6412.4% $-445M $442M $85M $-18M $-88M $174M $23M $-18M $21M $13M $12M $7M
Taxes Paid $79M · · · · · · · · · · ·
Free Cash Flow 12-point trend, +153.5% $559M $638M $544M $265M $377M $490M $331M $333M $250M $269M $227M $221M
Profitability 8
Annual Profitability data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 12-point trend, -0.1% 39.1% 37.9% 38.0% 35.9% 36.8% 35.1% 37.3% 36.9% 39.1% 39.7% 38.7% 39.1%
Operating Margin 12-point trend, -2.2% 18.0% 16.9% 15.7% 15.9% 19.4% 12.9% 17.4% 16.4% 17.6% 19.7% 16.6% 18.4%
Net Margin 12-point trend, -173.5% -8.7% 11.1% 9.9% 10.8% 15.0% 8.2% 11.9% 11.7% 12.8% 12.5% 10.5% 11.8%
Pretax Margin 12-point trend, -12.2% 15.1% 14.9% 12.9% 14.0% 19.1% 10.7% 15.6% 15.6% 16.4% 18.6% 15.4% 17.2%
EBITDA Margin 12-point trend, +1.8% 21.2% 20.2% 19.0% 19.3% 23.2% 17.3% 20.9% 20.0% 20.6% 22.2% 19.5% 20.9%
ROA 12-point trend, -152.6% -4.1% 5.9% 5.8% 6.5% 8.0% 4.1% 7.1% 7.0% 9.1% 10.0% 7.9% 7.8%
ROE 12-point trend, -141.4% -8.7% 11.8% 12.6% 16.5% 20.4% 10.3% 18.5% 19.6% 22.7% 23.4% 17.6% 20.9%
ROIC 12-point trend, -31.3% 8.8% 8.1% 8.6% 9.0% 10.1% 6.8% 10.2% 9.4% 13.4% 15.1% 10.7% 12.9%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +37.3% 2.6 2.8 2.3 2.0 1.9 1.8 2.0 1.9 2.0 1.7 1.6 1.9
Quick Ratio 12-point trend, -10.7% 0.7 1.6 1.0 0.8 0.8 0.9 0.9 0.8 0.9 0.8 0.7 0.8
Debt / Equity 12-point trend, +31.7% 0.8 0.7 0.7 1.0 1.0 0.9 1.0 1.1 0.8 0.6 0.7 0.6
LT Debt / Equity 12-point trend, +31.1% 0.8 0.6 0.7 1.0 1.0 0.9 1.0 1.1 0.8 0.6 0.6 0.6
Efficiency 3
Annual Efficiency data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, -28.3% 0.5 0.5 0.6 0.6 0.5 0.5 0.6 0.6 0.7 0.8 0.8 0.7
Inventory Turnover 12-point trend, -30.9% 2.9 2.7 2.5 2.7 3.0 2.9 3.4 3.6 3.6 3.8 3.7 4.2
Receivables Turnover 12-point trend, -23.0% 5.8 6.0 6.3 6.7 6.9 6.2 7.0 7.5 7.1 7.5 7.1 7.5
Per Share 5
Annual Per Share data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 4-point trend, +38.9% · · · · · · · · $24.42 $21.99 $20.36 $17.58
Revenue / Share 12-point trend, +112.9% $61.35 $71.49 $74.63 $73.40 $57.37 $45.58 $53.17 $48.97 $41.18 $39.73 $32.06 $28.82
Cash Flow / Share 12-point trend, +193.2% $12.08 $12.67 $11.63 $6.05 $7.47 $9.52 $6.78 $6.63 $5.37 $5.15 $4.38 $4.12
Cash / Share 4-point trend, +109.7% · · · · · · · · $1.61 $1.19 $0.97 $0.77
EPS (TTM) 12-point trend, -256.5% $-5.32 $7.90 $7.41 $7.95 $8.62 $3.76 $6.33 $5.70 $5.26 $4.98 $3.36 $3.40
Growth Rates 7
Annual Growth Rates data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -94.5% 1.6% -2.8% -19.6% 24.1% 29.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -183.6% -7.4% -1.0% 8.9% · · · · · · · · ·
Revenue CAGR 5Y 5.0% · · · · · · · · · · ·
EPS YoY 4-point trend, -94.9% · 6.6% -6.8% -7.8% 129.3% · · · · · · ·
EPS CAGR 3Y 2-point trend, -111.3% · -2.9% 25.4% · · · · · · · · ·
Net Income YoY 4-point trend, -94.9% · 6.9% -8.2% -10.6% 135.7% · · · · · · ·
Net Income CAGR 3Y 2-point trend, -117.4% · -4.3% 24.6% · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for MIDD
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +95.6% $3.20B $3.15B $3.24B $4.03B $3.25B $2.51B $2.96B $2.72B $2.34B $2.27B $1.83B $1.64B
Net Income TTM 12-point trend, -243.7% $-278M $428M $401M $437M $488M $207M $352M $317M $298M $284M $192M $193M
Market Cap 4-point trend, +32.6% · · · · · · · · $7.52B $7.41B $6.18B $5.67B
Enterprise Value 4-point trend, +35.9% · · · · · · · · $8.46B $8.08B $6.89B $6.23B
P/E 12-point trend, -197.3% -28.3 17.3 19.9 16.8 22.8 34.3 17.3 17.8 25.7 25.9 32.1 29.1
P/S 4-point trend, -7.1% · · · · · · · · 3.2 3.3 3.4 3.5
P/B 4-point trend, -1.9% · · · · · · · · 5.5 5.9 5.3 5.6
P / Cash Flow 4-point trend, +1.9% · · · · · · · · 24.7 25.2 24.8 24.3
P / FCF 4-point trend, +17.1% · · · · · · · · 30.1 27.5 27.2 25.7
EV / EBITDA 4-point trend, -3.3% · · · · · · · · 17.6 16.0 19.3 18.2
EV / FCF 4-point trend, +20.0% · · · · · · · · 33.8 30.0 30.3 28.2
EV / Revenue 4-point trend, -4.8% · · · · · · · · 3.6 3.6 3.8 3.8
Earnings Yield 12-point trend, -202.9% -3.5% 5.8% 5.0% 5.9% 4.4% 2.9% 5.8% 5.6% 3.9% 3.9% 3.1% 3.4%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-01-032024-12-282024-09-282024-06-292024-03-30
Revenue $3.20B$3.15B
Gross Margin % 39.1%37.9%
Operating Margin % 18.0%16.9%
Net Income $-278M$428M
Diluted EPS $-5.32$7.90
Balance Sheet
2026-01-032024-12-282024-09-282024-06-292024-03-30
Debt / Equity 0.80.7
Current Ratio 2.62.8
Quick Ratio 0.71.6
Cash Flow
2026-01-032024-12-282024-09-282024-06-292024-03-30
Free Cash Flow $559M$638M

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Institutional owners (13F) 480 filers · $4.3B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
92 (+21 vs prior Q) 45 (-7 vs prior Q) 109 (-29 vs prior Q) 164 (+38 vs prior Q) +9.8M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Garden Investment Management, L.P. $581,348,561 3,379,737 13.59% Shares
VANGUARD CAPITAL MANAGEMENT LLC $320,000,180 1,860,358 7.48% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $304,553,338 1,770,556 7.12% Shares
STATE STREET CORP $229,321,324 1,333,186 5.36% Shares
EARNEST PARTNERS LLC $218,862,944 1,272,385 5.12% Shares
DIMENSIONAL FUND ADVISORS LP $207,228,015 1,204,745 4.85% Shares
FMR LLC $187,606,663 1,090,673 4.39% Shares
GEODE CAPITAL MANAGEMENT, LLC $169,017,425 982,413 3.95% Shares
COOKE & BIELER LP $108,709,632 631,996 2.54% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $102,630,455 596,654 2.40% Shares
TURTLE CREEK ASSET MANAGEMENT INC. $101,085,218 730,564 2.36% Shares
Select Equity Group, L.P. $97,808,498 568,621 2.29% Shares
Quantinno Capital Management LP $96,845,684 563,023 2.26% Shares
GOLDMAN SACHS GROUP INC $84,435,753 490,877 1.97% Shares
WELLINGTON MANAGEMENT GROUP LLP $75,088,385 436,535 1.76% Shares
RENAISSANCE TECHNOLOGIES LLC $72,359,447 420,670 1.69% Shares
D. E. Shaw & Co., Inc. $70,868,292 412,001 1.66% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $53,944,744 313,614 1.26% Shares
Brandywine Global Investment Management, LLC $50,241,391 337,939 1.17% Shares
VANGUARD FIDUCIARY TRUST CO $45,208,700 262,826 1.06% Shares
Clarkston Capital Partners, LLC $41,944,811 243,851 0.98% Shares
VANGUARD GROUP INC $41,854,768 281,528 0.98% Shares
Boston Partners $39,399,920 229,056 0.92% Shares
NEUBERGER BERMAN GROUP LLC $36,511,015 212,261 0.85% Shares
AMERIPRISE FINANCIAL INC $35,294,903 205,191 0.83% Shares
MILLENNIUM MANAGEMENT LLC $33,597,165 195,321 0.79% Shares
JONES FINANCIAL COMPANIES LLLP $31,616,877 182,377 0.74% Shares
NEW YORK STATE COMMON RETIREMENT FUND $30,470,883 177,146 0.71% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $28,015,269 162,870 0.66% Shares
Ancora Advisors LLC $26,796,578 155,785 0.63% Shares
Medina Value Partners, LLC $24,077,272 139,976 0.56% Shares
LAZARD ASSET MANAGEMENT LLC $23,856,239 138,691 0.56% Shares
NORGES BANK $23,780,727 138,252 0.56% Shares
CITADEL ADVISORS LLC $21,740,688 126,392 0.51% Shares
SOROS FUND MANAGEMENT LLC $21,329,240 124,000 0.50% Shares
RHUMBLINE ADVISERS $19,731,909 114,714 0.46% Shares
Gotham Asset Management, LLC $18,871,217 109,710 0.44% Shares
Impax Asset Management Group plc $17,694,497 102,869 0.41% Shares
MARSHALL WACE, LLP $16,596,041 96,483 0.39% Shares
California Public Employees Retirement System $16,523,969 96,064 0.39% Shares
CAPITAL FUND MANAGEMENT S.A. $15,734,786 91,476 0.37% Shares
Holocene Advisors, LP $15,372,534 89,370 0.36% Shares
Corient Private Wealth LP $14,994,286 87,171 0.35% Shares
Swiss National Bank $14,483,242 84,200 0.34% Shares
Qube Research & Technologies Ltd $12,599,044 73,246 0.29% Shares
Retirement Systems of Alabama $11,830,160 68,776 0.28% Shares
Leith Wheeler Investment Counsel Ltd. $11,026,700 64,105 0.26% Shares
Edgestream Partners, L.P. $10,889,953 63,310 0.25% Shares
WEDGE CAPITAL MANAGEMENT L L P/NC $10,410,182 78,520 0.24% Shares
JUPITER ASSET MANAGEMENT LTD $10,074,626 58,570 0.24% Shares
Verition Fund Management LLC $9,548,103 55,509 0.22% Shares
BlackRock, Inc. $9,323,114 54,201 0.22% Shares
ENVESTNET ASSET MANAGEMENT INC $9,247,251 53,760 0.22% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $9,047,726 52,600 0.21% Put option
BARCLAYS PLC $8,886,553 51,663 0.21% Shares
GABELLI FUNDS LLC $8,600,500 50,000 0.20% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $7,408,173 55,877 0.17% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $7,312,661 42,513 0.17% Shares
Bares Capital Management, Inc. $7,261,301 54,625 0.17% Shares
VANGUARD ASSET MANAGEMENT, Ltd $7,177,805 41,729 0.17% Shares
FIRST TRUST ADVISORS LP $7,107,975 41,325 0.17% Shares
ALLIANCEBERNSTEIN L.P. $6,889,387 51,964 0.16% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $6,632,018 38,556 0.16% Shares
Freestone Grove Partners LP $6,503,526 37,809 0.15% Shares
AMERICAN CENTURY COMPANIES INC $6,443,322 37,459 0.15% Shares
RAYMOND JAMES FINANCIAL INC $6,441,775 37,450 0.15% Shares
UBS Group AG $6,276,645 36,490 0.15% Shares
ROYAL BANK OF CANADA $6,081,000 35,355 0.14% Shares
Pacific Capital Partners Ltd $5,968,919 34,701 0.14% Shares
HEARTLAND ADVISORS INC $5,607,354 32,599 0.13% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $5,503,288 31,994 0.13% Shares
FRANKLIN RESOURCES INC $5,374,968 31,248 0.13% Shares
PNC Financial Services Group, Inc. $4,911,574 28,554 0.11% Shares
BANK OF AMERICA CORP /DE/ $4,550,181 26,453 0.11% Shares
Mayar Capital Ltd. $4,506,662 26,200 0.11% Shares
Trexquant Investment LP $4,430,806 25,759 0.10% Shares
Legal & General Group Plc $4,228,006 24,580 0.10% Shares
Bridgewater Associates, LP $4,164,534 24,211 0.10% Shares
NATIXIS $4,133,916 24,033 0.10% Shares
FIFTH THIRD BANCORP $4,056,074 23,581 0.09% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $4,007,833 23,300 0.09% Call option
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $3,576,213 26,974 0.08% Shares
XTX Topco Ltd $3,549,942 20,638 0.08% Shares
MetLife Investment Management, LLC $3,449,833 20,056 0.08% Shares
Focus Partners Wealth $3,441,176 20,004 0.08% Shares
Police & Firemen's Retirement System of New Jersey $3,428,675 19,933 0.08% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $3,404,989 22,903 0.08% Shares
PALISADE CAPITAL MANAGEMENT, LP $3,297,604 19,171 0.08% Shares
EASTERLY INVESTMENT PARTNERS LLC $3,194,226 18,570 0.07% Shares
State of Tennessee, Department of Treasury $3,134,711 18,224 0.07% Shares
CITADEL ADVISORS LLC $3,130,582 18,200 0.07% Call option
OPPENHEIMER ASSET MANAGEMENT INC. $3,126,282 18,175 0.07% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $2,932,254 17,047 0.07% Shares
Broyhill Asset Management, LLC $2,912,473 16,932 0.07% Shares
GHP Investment Advisors, Inc. $2,839,599 21,418 0.07% Shares
Vanguard Global Advisers, LLC $2,797,915 16,266 0.07% Shares
Nuveen Asset Management, LLC $2,759,658 20,374 0.06% Shares
JANUS HENDERSON GROUP PLC $2,725,228 20,560 0.06% Shares
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC $2,659,275 15,460 0.06% Shares
Squarepoint Ops LLC $2,643,450 15,368 0.06% Shares

Company insiders 35 insiders · 8 officers · 16 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Selim A Bassoul CEO, Chairman, President March 13, 2017 F 548,552 0 0 $0
Bryan E. Mittelman Chief Financial Officer May 15, 2022 A 22,582 0 0 $0
Nazih Ibrahim Division President March 8, 2007 A 5,750 0 0 $0
David Brewer Executive VP and COO Dec. 28, 2020 F 74,847 0 0 $0
Iii James K Pool Chief Technology and* May 15, 2022 A 29,688 0 0 $0
Steve Spittle Chief Commercial Officer May 15, 2022 A 23,871 0 0 $0
Mark A Sieron Vice President June 6, 2007 S 40,100 0 0 $0
David Brian Baker Chief Administrative Officer June 2, 2004 S 19,333 0 0 $0
Edward P. Garden Director March 6, 2026 A 2,269 7 0 $14,996,482
Glenn A Eisenberg Director March 6, 2026 A 1,161 0 0 $0
Gordon Obrien Director March 6, 2026 A 17,515 0 0 $0
Cathy L Mccarthy Director March 6, 2026 A 10,880 0 0 $0
John R Miller III Director May 22, 2023 S 11,791 0 0 $0
Robert A Nerbonne Director May 13, 2022 P 17,276 0 0 $0
Nassem Ziyad Director March 2, 2022 A 8,810 0 0 $0
Chapin Sarah Palisi Director March 2, 2022 A 7,710 0 0 $0
Robert B Lamb Director May 16, 2018 A 14,879 0 0 $0
Philip G Putnam Director Dec. 12, 2016 S 11,600 0 0 $0
Sabin C Streeter Director March 16, 2015 A 34,900 0 0 $0
Ryan Levenson Director March 15, 2012 S 2,270 0 0 $0
Robert L Yohe Director March 7, 2008 G 35,000 0 0 $0
Robert R Henry Director Dec. 8, 2004 M 99,000 0 0 $0
David P Riley Director Feb. 24, 2004 S 0 0 0 $0
William F. Whitman Jr. Irrevocable Trust dtd Nov. 29, 2003 10% owner Dec. 23, 2004 S 0 0 0 $0
Thomas Danziger 10% owner Dec. 23, 2004 S 0 0 0 $0
WHITMAN WILLIAM JR DECLARATION OF TRUST 10% owner Feb. 25, 2004 J 0 0 0 $0
Timothy John Fitzgerald March 13, 2026 F 346,378 0 0 $0
Christopher M Hix March 6, 2026 A 1,161 0 0 $0
Martin M Lindsay March 1, 2023 F 86,823 0 0 $0
Phil Dolori DR May 8, 2007 S 0 0 0 $0
Barbara K Whitman July 20, 2005 S 100,000 0 0 $0
William F Whitman III July 20, 2005 S 0 0 0 $0
Laura B Whitman July 20, 2005 S 0 0 0 $0
WHITMAN WILLIAM F JR July 20, 2005 S 0 0 0 $0
Don A Lummus Dec. 31, 2003 S 73,278 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 15 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
GI SPV I L.P., GI SPV I GP LLC, Garden Investment Management, L.P., Garden Investment Management GP, LLC, Edward P. Garden ×2 filings Jan. 6, 2026 6.71% Amendment SEC
The Middleby Corporation (2) Aug. 22, 2008 Initial filing SEC
Undisclosed reporting person May 27, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Jan. 14, 2005 Initial filing SEC
Undisclosed reporting person Jan. 13, 2005 Initial filing SEC
Undisclosed reporting person Jan. 13, 2005 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person Jan. 13, 2005 Initial filing SEC
Undisclosed reporting person Jan. 3, 2005 Initial filing Passive investment SEC
WHITMAN IRREVOCABLE TRUST (f/k/a William F. Whitman, Jr. Declaration of Trust), THOMAS C. DANZIGER Dec. 20, 2004 Initial filing SEC
WILLIAM F. WHITMAN, JR., BARBARA K. WHITMAN, BARBARA K. WHITMAN, TRUSTEE UNDER TRUST AGREEMENTS DATED DECEMBER 21, 2003 FOR THE BENEFIT OF LAURA B. WHITMAN, WILLIAM F. WHITMAN III AND BARBARA K. WHITMAN, WILLIAM F. WHITMAN, JR. AND BARBARA K. WHITMAN AS TRUSTEE UNDER WILLIAM F. WHITMAN, JR. AND BARBARA K. WHITMAN CHARITABLE REMAINDER TRUST AGREEMENT DATED AUGUST 3, 2004 ×4 filings Dec. 20, 2004 Initial filing SEC
WILLIAM F. WHITMAN, JR. DECLARATION OF TRUST, THOMAS C. DANZIGER ×2 filings March 9, 2004 Initial filing SEC
Robert R. Henry Jan. 8, 2004 Initial filing Passive investment SEC
Undisclosed reporting person Sept. 12, 2003 Initial filing SEC
Undisclosed reporting person June 11, 2003 Initial filing SEC
Undisclosed reporting person Jan. 31, 2003 Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 90 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SMLL · Harbor ETF Trust 2.19% 2,158 NS April 30, 2026 N-PORT
EPSB · Harbor ETF Trust 1.52% 503 NS April 30, 2026 N-PORT
EPSV · Harbor ETF Trust 1.41% 501 NS April 30, 2026 N-PORT
XMHQ · Invesco Exchange-Traded Fund Trust 0.76% 319,354 SH Aug. 8, 2026 Daily
FXR · First Trust Exchange-Traded AlphaDE… 0.68% 33,812 NS April 30, 2026 N-PORT
IVOV · VANGUARD ADMIRAL FUNDS 0.41% 35,717 SH Aug. 8, 2026 Daily
TMFX · RBB Fund, Inc. 0.37% 769 NS May 31, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.32% 3,374 NS May 31, 2026 N-PORT
IJJ · iShares Trust 0.31% 211,585 SH Aug. 8, 2026 Daily
IQSM · New York Life Investments ETF Trust 0.29% 6,501 NS April 30, 2026 N-PORT
MADE · iShares Trust 0.24% 1,144 SH Aug. 8, 2026 Daily
IVOO · VANGUARD ADMIRAL FUNDS 0.20% 67,134 SH Aug. 8, 2026 Daily
PTMC · Pacer Funds Trust 0.19% 5,328 NS April 30, 2026 N-PORT
QVMM · Invesco Exchange-Traded Fund Trust … 0.19% 6,212 SH Aug. 8, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.19% 8,186 NS April 30, 2026 N-PORT
TRFM · ETF Series Solutions 0.18% 2,008 NS April 30, 2026 N-PORT
XJH · iShares Trust 0.17% 5,629 SH Aug. 8, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 0.17% 22,960 SH Aug. 8, 2026 Daily
MVV · ProShares Trust 0.16% 1,600 NS May 31, 2026 N-PORT
IJH · iShares Trust 0.15% 1,434,255 SH Aug. 8, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.15% 592,485 SH Aug. 8, 2026 Daily
DFAS · Dimensional ETF Trust 0.15% 145,670 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 20,391 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.13% 125,319 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.13% 22,379 NS April 30, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.13% 767 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.13% 1,147 NS April 30, 2026 N-PORT
RWK · Invesco Exchange-Traded Fund Trust … 0.13% 12,611 SH Aug. 8, 2026 Daily
ISCV · iShares Trust 0.11% 6,021 SH Aug. 8, 2026 Daily
UMDD · ProShares Trust 0.11% 224 NS May 31, 2026 N-PORT
VIS · VANGUARD WORLD FUND 0.10% 50,892 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.10% 2,089 SH Aug. 8, 2026 Daily
FIDU · FIDELITY COVINGTON TRUST 0.10% 14,207 NS April 30, 2026 N-PORT
ISCG · iShares Trust 0.08% 6,102 SH Aug. 8, 2026 Daily
DFAT · Dimensional ETF Trust 0.08% 78,144 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.08% 476,810 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.08% 933,301 SH Aug. 8, 2026 Daily
REVS · Columbia ETF Trust I 0.08% 1,589 NS April 30, 2026 N-PORT
SMMD · iShares Trust 0.08% 21,830 SH Aug. 8, 2026 Daily
SMLF · iShares Trust 0.07% 22,328 SH Aug. 8, 2026 Daily
TILT · FlexShares Trust 0.07% 9,856 NS April 30, 2026 N-PORT
IYJ · iShares Trust 0.07% 9,801 SH Aug. 8, 2026 Daily
DFSV · Dimensional ETF Trust 0.07% 35,528 NS April 30, 2026 N-PORT
IWS · iShares Trust 0.06% 65,131 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.05% 11,266 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.05% 2,564 SH Aug. 8, 2026 Daily
DEUS · DBX ETF Trust 0.05% 818 NS May 29, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.05% 1,305 NS April 30, 2026 N-PORT
JSTC · Tidal Trust I 0.05% 992 NS May 31, 2026 N-PORT
IWR · iShares Trust 0.04% 176,781 SH Aug. 8, 2026 Daily