15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.0% per year over the past 5 years.
Net income has grown faster than revenue (12.1% vs 5.0% per year).
Operating margin has expanded, at 18.0% in the latest year.
Free cash flow has grown 2.7% per year over the past 5 years.
Financial health
Total debt ($2.2B) exceeds cash ($222M); net debt is $2.0B.
Total debt has grown in line with revenue (4.7% vs 5.0% per year).
Operating income covered interest expense 6.1× in the latest year, up from 4.1× 5 years ago.
Total debt is 3.2× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$3.2B
$367M
39.1%
18.0%
13.2%
5.8%
$559M
$2.2B
$222M
2024
$3.2B
$428M
39.7%
20.4%
11.8%
5.9%
$650M
$2.4B
$639M
2023
$3.2B
$401M
39.6%
20.1%
12.3%
5.8%
$570M
$2.4B
$247M
2022
$4.0B
$437M
35.9%
15.9%
15.6%
6.4%
$265M
$2.7B
$162M
2022
$3.3B
$488M
36.8%
19.4%
19.6%
7.7%
$377M
$2.4B
$180M
2021
$2.5B
$207M
35.1%
12.9%
10.5%
4.0%
$490M
$1.7B
$268M
2019
$3.0B
$352M
37.3%
17.4%
18.1%
7.0%
$331M
$1.9B
$95M
2018
$2.7B
$317M
36.9%
16.4%
19.0%
7.0%
$333M
$1.9B
$72M
2017
$2.3B
$298M
39.1%
16.2%
21.9%
8.9%
$250M
$1.0B
$90M
2016
—
$284M
—
—
22.5%
9.7%
$269M
$732M
$68M
2016
—
$192M
—
—
16.4%
6.9%
$227M
$766M
$56M
2015
—
$193M
—
—
19.2%
9.4%
$221M
$598M
$44M
2013
—
$154M
—
—
18.4%
8.5%
$132M
$572M
$44M
2012
—
$121M
—
—
18.6%
9.7%
$121M
$260M
$34M
2011
—
$95M
—
—
18.7%
8.3%
$123M
$317M
$44M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$876M
$55M
38.3%
16.9%
2.5%
1.0%
$87M
$2.0B
$159M
Apr '26
$840M
-$50M
38.5%
15.9%
-2.1%
-0.9%
$58M
$1.9B
$177M
Jan '26
$866M
$37M
38.8%
96.2%
1.3%
0.6%
$195M
$2.2B
$222M
Sep '25
$807M
-$513M
38.0%
-68.6%
-17.5%
-8.1%
$156M
$2.1B
$175M
Jun '25
$797M
$106M
39.7%
18.6%
2.9%
1.4%
$107M
$2.4B
$511M
Mar '25
$731M
$92M
40.0%
17.7%
2.5%
1.2%
$115M
$2.4B
$745M
Dec '24
$829M
$112M
40.0%
19.0%
3.1%
1.5%
$239M
$2.4B
$639M
Sep '24
$770M
$114M
39.3%
22.5%
3.2%
1.6%
$145M
$2.4B
$606M
Jun '24
$799M
$115M
40.4%
22.0%
3.4%
1.6%
$139M
$2.4B
$459M
Mar '24
$927M
$87M
37.4%
14.8%
2.6%
1.2%
$127M
$2.4B
$341M
Dec '23
$1.0B
$76M
38.3%
11.4%
2.3%
1.1%
$240M
$2.4B
$247M
Sep '23
$981M
$109M
38.3%
17.8%
3.5%
1.6%
$198M
$2.6B
$167M
Jul '23
$1.0B
$117M
37.8%
17.8%
3.9%
1.7%
$39M
$2.7B
$157M
Apr '23
$1.0B
$99M
37.6%
16.0%
3.5%
1.4%
$67M
$2.7B
$157M
Dec '22
$1.0B
$133M
37.8%
18.2%
4.8%
1.9%
$143M
$2.7B
$162M
Oct '22
$993M
$104M
36.8%
16.3%
4.2%
1.6%
$65M
$2.7B
$145M
Jul '22
$1.0B
$113M
35.6%
16.5%
4.7%
1.7%
$87M
$2.7B
$167M
Apr '22
$995M
$86M
33.2%
12.3%
3.5%
1.3%
-$30M
$2.6B
$147M
Jan '22
$866M
$103M
36.4%
16.0%
4.1%
1.6%
$61M
$2.4B
$180M
Oct '21
$818M
$176M
36.6%
28.6%
7.7%
3.0%
$163M
$1.9B
$251M
Valuation over time
How the market has priced MIDD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 15.2× (Mar '23) to 13.8× (Sep '26).
The price-to-sales ratio has fallen from 1.6× (Mar '23) to 1.6× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is MIDD growing its revenue and profit?
Over the past 5 years, Middleby Corp's revenue has grown 5.0% per year, and net income grown 12.1% per year. These are computed facts, not advice.
How much debt does MIDD have?
As of FY2026, Middleby Corp reported $2.2B of total debt against $222M of cash; operating income covered interest expense 6.1×.
What is MIDD's profit margin?
In FY2026, gross margin was 39.1%, operating margin 18.0%, and net margin 11.5%.
What is MIDD's P/E ratio?
As of Sep '26, Middleby Corp traded at a price-to-earnings ratio of about 13.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.