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Middleby (MIDD) Financials

Middleby logo
$147.89 -2.68 (-1.78%)
Closing price 05/28/2025 04:00 PM Eastern
Extended Trading
$148.48 +0.59 (+0.40%)
As of 05/28/2025 07:17 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Middleby

Annual Income Statements for Middleby

This table shows Middleby's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/28/2024 12/30/2023 12/31/2022 1/1/2022 1/2/2021 12/28/2019 12/29/2018 12/30/2017 12/31/2016 1/2/2016
Net Income / (Loss) Attributable to Common Shareholders
428 401 437 488 207 352 317 298 284 192
Consolidated Net Income / (Loss)
428 401 437 488 207 352 317 298 284 192
Net Income / (Loss) Continuing Operations
428 401 437 488 207 352 317 298 284 192
Total Pre-Tax Income
577 519 564 620 268 463 424 384 421 281
Total Operating Income
656 635 640 630 324 514 446 379 419 303
Total Gross Profit
1,470 1,534 1,447 1,195 882 1,103 1,004 913 901 707
Total Revenue
3,875 4,037 4,033 3,251 2,513 2,959 2,723 2,336 2,268 1,827
Operating Revenue
3,875 4,037 4,033 3,251 2,513 2,959 2,723 2,336 2,268 1,827
Total Cost of Revenue
2,405 2,503 2,586 2,056 1,631 1,856 1,719 1,423 1,367 1,120
Operating Cost of Revenue
2,405 2,503 2,586 2,056 1,631 1,856 1,719 1,423 1,367 1,120
Total Operating Expenses
814 899 807 565 558 589 558 534 482 404
Selling, General & Admin Expense
763 807 797 668 532 594 539 468 472 375
Depreciation Expense
0.00 0.00 0.00 - - - - - - -
Amortization Expense
0.00 0.00 0.00 - - - - - - -
Other Operating Expenses / (Income)
0.00 0.00 0.00 - - - - - - -
Impairment Charge
39 78 0.00 0.00 15 0.00 0.00 58 0.00 0.00
Restructuring Charge
14 14 9.72 7.66 12 10 19 20 11 29
Other Special Charges / (Income)
-1.14 0.00 0.00 -111 -1.98 -15 0.00 -12 0.00 0.00
Total Other Income / (Expense), net
-79 -115 -75 -10 -56 -51 -22 4.92 2.29 -21
Interest Expense
92 120 89 57 79 53 59 26 24 17
Other Income / (Expense), net
13 4.86 14 47 22 1.46 36 31 26 -4.47
Income Tax Expense
149 118 128 131 61 110 106 85 137 90
Preferred Stock Dividends Declared
0.00 0.00 0.00 - - - - - - -
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
0.00 0.00 0.00 - - - - - - -
Basic Earnings per Share
$7.97 $7.48 $8.07 $8.85 $3.76 $6.33 $5.71 $5.26 $4.98 $3.36
Weighted Average Basic Shares Outstanding
53.74M 53.58M 54.10M 55.22M 55.09M 55.65M 55.58M 56.72M 57.03M 56.95M
Diluted Earnings per Share
$7.90 $7.41 $7.95 $8.62 $3.76 $6.33 $5.70 $5.26 $4.98 $3.36
Weighted Average Diluted Shares Outstanding
54.21M 54.09M 54.95M 56.67M 55.14M 55.66M 55.60M 56.72M 57.09M 56.97M
Weighted Average Basic & Diluted Shares Outstanding
53.62M 53.60M 53.61M 54.66M 55.64M 56.19M 56.30M 56.70M 57.10M 57M

Quarterly Income Statements for Middleby

This table shows Middleby's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/29/2025 12/28/2024 9/28/2024 6/29/2024 3/30/2024 12/30/2023 9/30/2023 7/1/2023 4/1/2023 12/31/2022 10/1/2022
Net Income / (Loss) Attributable to Common Shareholders
92 112 114 115 87 76 109 117 99 133 104
Consolidated Net Income / (Loss)
92 112 114 115 87 76 109 117 99 133 104
Net Income / (Loss) Continuing Operations
92 112 114 115 87 76 109 117 99 133 104
Total Pre-Tax Income
121 153 155 155 115 87 144 156 132 162 139
Total Operating Income
141 170 173 176 137 115 174 185 161 188 162
Total Gross Profit
346 389 355 380 346 387 375 393 379 390 365
Total Revenue
907 1,014 943 992 927 1,009 981 1,040 1,007 1,032 993
Operating Revenue
907 1,014 943 992 927 1,009 981 1,040 1,007 1,032 993
Total Cost of Revenue
561 625 587 612 581 622 605 647 629 642 628
Operating Cost of Revenue
561 625 587 612 581 622 605 647 629 642 628
Total Operating Expenses
205 219 182 204 209 272 201 208 218 202 204
Selling, General & Admin Expense
203 178 179 199 206 192 196 204 215 200 201
Restructuring Charge
2.73 3.14 2.52 5.35 3.18 2.44 4.45 4.94 2.31 1.49 2.33
Total Other Income / (Expense), net
-19 -17 -19 -21 -22 -28 -30 -29 -29 -26 -23
Interest Expense
18 20 21 25 26 28 31 32 29 26 24
Other Income / (Expense), net
-0.78 3.11 2.64 3.63 3.98 0.57 1.03 2.90 0.36 0.02 1.42
Income Tax Expense
29 41 41 39 28 11 36 39 33 29 35
Basic Earnings per Share
$1.72 $2.09 $2.12 $2.15 $1.61 $1.42 $2.03 $2.18 $1.85 $2.46 $1.94
Weighted Average Basic Shares Outstanding
53.59M 53.74M 53.77M 53.77M 53.65M 53.58M 53.59M 53.53M 53.59M 54.10M 53.87M
Diluted Earnings per Share
$1.69 $2.07 $2.11 $2.13 $1.59 $1.42 $2.01 $2.16 $1.82 $2.44 $1.92
Weighted Average Diluted Shares Outstanding
54.62M 54.21M 54.04M 54.07M 54.39M 54.09M 54.16M 54.04M 54.38M 54.95M 54.38M
Weighted Average Basic & Diluted Shares Outstanding
53.48M 53.62M 53.79M 53.77M 53.77M 53.60M 53.60M 53.60M 53.52M 53.61M 53.88M

Annual Cash Flow Statements for Middleby

This table details how cash moves in and out of Middleby's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/28/2024 12/30/2023 12/31/2022 1/1/2022 1/2/2021 12/28/2019 12/29/2018 12/30/2017 12/31/2016 1/2/2016
Net Change in Cash & Equivalents
455 82 -8.14 -83 166 23 -18 21 13 12
Net Cash From Operating Activities
687 629 333 423 525 377 369 304 294 250
Net Cash From Continuing Operating Activities
687 629 333 423 525 377 369 304 294 250
Net Income / (Loss) Continuing Operations
428 401 437 488 207 352 317 298 284 192
Consolidated Net Income / (Loss)
428 401 437 488 207 352 317 298 284 192
Depreciation Expense
127 133 138 125 111 103 97 70 58 54
Non-Cash Adjustments To Reconcile Net Income
59 122 3.56 -13 7.64 -21 -29 24 28 16
Changes in Operating Assets and Liabilities, net
72 -26 -246 -177 191 -58 -16 -87 -76 -12
Net Cash From Investing Activities
-159 -156 -348 -1,009 -107 -328 -1,239 -345 -236 -371
Net Cash From Continuing Investing Activities
-159 -156 -348 -1,009 -107 -328 -1,239 -345 -236 -371
Purchase of Property, Plant & Equipment
-49 -85 -67 -47 -35 -47 -36 -54 -25 -22
Acquisitions
-112 -71 -281 -969 -86 -281 -1,203 -305 -211 -349
Sale of Property, Plant & Equipment
2.51 0.00 0.00 6.29 14 0.00 0.00 14 0.00 0.00
Net Cash From Financing Activities
-74 -391 7.63 503 -252 -25 856 56 -41 137
Net Cash From Continuing Financing Activities
-74 -391 7.63 503 -252 -25 856 56 -41 137
Repayment of Debt
-35 -949 -1,580 -1,147 -3,355 -563 -755 -463 -468 -6.32
Repurchase of Common Equity
-35 -75 -265 -29 -86 -6.14 0.00 -240 -4.42 -4.84
Issuance of Debt
0.00 640 1,870 1,739 3,297 543 1,611 759 433 146
Other Financing Activities, net
-3.88 -7.70 -18 -60 -108 - 0.00 - -1.30 2.41

Quarterly Cash Flow Statements for Middleby

This table details how cash moves in and out of Middleby's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/29/2025 12/28/2024 9/28/2024 6/29/2024 3/30/2024 12/30/2023 9/30/2023 7/1/2023 4/1/2023 12/31/2022 10/1/2022
Net Change in Cash & Equivalents
49 97 145 118 94 74 15 1.27 -7.83 3.69 -12
Net Cash From Operating Activities
141 240 157 150 141 256 219 62 92 159 84
Net Cash From Continuing Operating Activities
141 240 157 150 141 256 219 62 92 159 84
Net Income / (Loss) Continuing Operations
92 112 114 115 87 76 109 117 99 133 104
Consolidated Net Income / (Loss)
92 112 114 115 87 76 109 117 99 133 104
Depreciation Expense
32 32 31 32 32 34 33 31 35 31 31
Non-Cash Adjustments To Reconcile Net Income
1.02 40 4.79 3.93 11 94 6.10 4.69 17 26 -9.66
Changes in Operating Assets and Liabilities, net
16 55 6.93 -1.45 11 52 71 -90 -59 -31 -42
Net Cash From Investing Activities
-35 -115 -14 -14 -16 -17 -54 -49 -36 -90 -151
Net Cash From Continuing Investing Activities
-35 -115 -14 -14 -16 -17 -54 -49 -36 -90 -151
Purchase of Property, Plant & Equipment
-34 -13 -11 -11 -14 -16 -21 -23 -25 -16 -19
Acquisitions
-1.11 -104 -2.19 -3.29 -2.35 -0.98 -33 -26 -11 -74 -132
Net Cash From Financing Activities
-57 -28 -3.11 -14 -29 -165 -151 -12 -63 -65 55
Net Cash From Continuing Financing Activities
-57 -28 -3.11 -14 -29 -165 -151 -12 -63 -65 55
Repayment of Debt
-11 -12 -0.55 -12 -12 -237 -325 -197 -191 -195 -959
Repurchase of Common Equity
-43 -16 -0.29 -0.98 -17 -0.02 - -6.90 -68 -25 -0.07
Issuance of Debt
0.00 - - - 0.00 75 175 195 195 155 1,015
Other Financing Activities, net
-2.89 - -2.28 -1.60 0.00 -3.62 -1.02 -3.06 0.00 - -0.92

Annual Balance Sheets for Middleby

This table presents Middleby's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/28/2024 12/30/2023 12/31/2022 1/1/2022 1/2/2021 12/28/2019 12/29/2018 12/30/2017 12/31/2016 1/2/2016
Total Assets
7,283 6,907 6,875 6,384 5,202 5,002 4,550 3,340 2,917 2,761
Total Current Assets
2,330 1,966 2,006 1,707 1,270 1,209 1,062 932 812 795
Cash & Equivalents
690 247 162 180 268 95 72 90 68 56
Accounts Receivable
643 645 631 577 363 448 399 328 326 283
Inventories, net
842 936 1,078 837 540 586 522 425 368 354
Prepaid Expenses
132 113 126 92 81 61 51 55 43 40
Current Deferred & Refundable Income Taxes
24 25 9.49 20 18 20 18 34 6.40 63
Plant, Property, & Equipment, net
526 511 444 381 344 352 315 282 222 200
Total Noncurrent Assets
4,427 4,430 4,425 4,296 3,587 3,441 3,174 2,126 1,884 1,778
Goodwill
2,518 2,486 2,412 2,243 1,934 1,850 1,743 1,265 1,093 983
Intangible Assets
1,611 1,693 1,794 1,875 1,450 1,443 1,361 780 696 749
Noncurrent Deferred & Refundable Income Taxes
6.28 7.95 6.74 33 76 37 32 45 52 23
Employee Benefit Assets
91 39 0.00 - - - - - - -
Other Noncurrent Operating Assets
200 204 213 143 127 111 37 36 43 22
Total Liabilities & Shareholders' Equity
7,283 6,907 6,875 6,384 5,202 5,002 4,550 3,340 2,917 2,761
Total Liabilities
3,645 3,657 4,077 3,889 3,226 3,055 2,885 1,979 1,652 1,594
Total Current Liabilities
829 851 988 915 700 593 559 474 488 510
Short-Term Debt
44 45 46 27 23 2.89 3.21 5.15 5.88 32
Accounts Payable
209 227 271 305 183 174 188 146 147 158
Accrued Expenses
576 579 671 583 495 417 367 322 336 320
Total Noncurrent Liabilities
2,815 2,806 3,089 2,974 2,526 2,462 2,326 1,505 1,163 1,084
Long-Term Debt
2,351 2,380 2,677 2,387 1,707 1,870 1,889 1,024 726 734
Noncurrent Deferred & Payable Income Tax Liabilities
252 216 220 187 147 134 114 88 78 113
Noncurrent Employee Benefit Liabilities
9.57 12 15 220 470 289 253 335 323 207
Other Noncurrent Operating Liabilities
203 197 177 181 202 169 70 59 36 30
Total Equity & Noncontrolling Interests
3,638 3,250 2,798 2,494 1,977 1,947 1,665 1,361 1,265 1,167
Total Preferred & Common Equity
3,638 3,250 2,798 2,494 1,977 1,947 1,665 1,361 1,265 1,167
Total Common Equity
3,638 3,250 2,798 2,494 1,977 1,947 1,665 1,361 1,265 1,167
Common Stock
520 479 409 357 433 388 378 375 355 329
Retained Earnings
4,328 3,900 3,499 3,062 2,569 2,361 2,009 1,698 1,399 1,115
Treasury Stock
-941 -906 -831 -566 -537 -451 -445 -445 -205 -201
Accumulated Other Comprehensive Income / (Loss)
-269 -223 -278 -359 -488 -351 -276 -266 -284 -76

Quarterly Balance Sheets for Middleby

This table presents Middleby's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/29/2025 9/28/2024 6/29/2024 3/30/2024 9/30/2023 7/1/2023 4/1/2023 10/1/2022
Total Assets
7,401 7,201 7,026 6,930 6,923 6,985 6,956 6,672
Total Current Assets
2,414 2,292 2,143 2,022 1,961 2,036 2,061 1,951
Cash & Equivalents
745 606 459 341 167 157 157 145
Accounts Receivable
646 615 625 605 633 643 653 594
Inventories, net
878 906 920 944 1,015 1,083 1,116 1,063
Prepaid Expenses
131 134 126 116 131 132 124 121
Current Deferred & Refundable Income Taxes
14 30 14 16 14 21 11 28
Plant, Property, & Equipment, net
551 511 505 508 499 483 462 424
Total Noncurrent Assets
4,437 4,399 4,378 4,400 4,463 4,465 4,434 4,297
Goodwill
2,543 2,507 2,472 2,473 2,452 2,452 2,429 2,287
Intangible Assets
1,606 1,651 1,651 1,669 1,776 1,791 1,791 1,782
Noncurrent Deferred & Refundable Income Taxes
6.42 6.92 6.81 8.03 8.88 8.28 7.04 22
Employee Benefit Assets
96 55 47 43 - - - -
Other Noncurrent Operating Assets
184 179 201 207 226 215 207 206
Total Liabilities & Shareholders' Equity
7,401 7,201 7,026 6,930 6,923 6,985 6,956 6,672
Total Liabilities
3,671 3,608 3,604 3,619 3,827 3,985 4,094 4,173
Total Current Liabilities
886 815 857 841 864 878 990 938
Short-Term Debt
44 44 44 45 44 44 44 45
Accounts Payable
231 215 239 233 224 233 282 261
Accrued Expenses
611 556 574 563 596 601 664 632
Total Noncurrent Liabilities
2,786 2,793 2,747 2,778 2,963 3,107 3,104 3,236
Long-Term Debt
2,341 2,361 2,360 2,370 2,536 2,688 2,688 2,693
Noncurrent Deferred & Payable Income Tax Liabilities
248 241 194 208 214 216 218 220
Noncurrent Employee Benefit Liabilities
9.38 12 12 12 5.42 8.48 12 154
Other Noncurrent Operating Liabilities
187 179 182 188 208 195 185 168
Total Equity & Noncontrolling Interests
3,730 3,593 3,422 3,311 3,095 3,000 2,862 2,499
Total Preferred & Common Equity
3,730 3,593 3,422 3,311 3,095 3,000 2,862 2,499
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
3,730 3,593 3,422 3,311 3,095 3,000 2,862 2,499
Common Stock
523 510 501 493 464 444 426 393
Retained Earnings
4,421 4,216 4,102 3,986 3,823 3,715 3,598 3,366
Treasury Stock
-983 -924 -924 -923 -906 -906 -899 -806
Accumulated Other Comprehensive Income / (Loss)
-230 -208 -257 -245 -286 -254 -263 -454

Annual Metrics And Ratios for Middleby

This table displays calculated financial ratios and metrics derived from Middleby's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/28/2024 12/30/2023 12/31/2022 1/1/2022 1/2/2021 12/28/2019 12/29/2018 12/30/2017 12/31/2016 1/2/2016
Growth Metrics
- - - - - - - - - -
Revenue Growth
-4.00% 0.09% 24.06% 29.35% -15.08% 8.69% 16.59% 2.98% 24.16% 11.61%
EBITDA Growth
3.16% -2.42% -1.30% 72.39% -24.84% 6.81% 20.91% -4.79% 42.93% 4.32%
EBIT Growth
4.66% -2.09% -3.44% 95.19% -32.75% 6.89% 17.76% -8.01% 49.32% 0.59%
NOPAT Growth
-0.62% -0.95% -0.41% 98.00% -35.90% 17.20% 13.48% 4.12% 37.07% -0.30%
Net Income Growth
6.87% -8.17% -10.63% 135.65% -41.15% 11.06% 6.38% 4.89% 48.33% -0.88%
EPS Growth
6.61% -6.79% -7.77% 129.26% -40.60% 11.05% 8.37% 5.62% 48.21% -1.18%
Operating Cash Flow Growth
9.23% 89.08% -21.46% -19.32% 39.04% 2.31% 21.17% 3.52% 17.84% 6.72%
Free Cash Flow Firm Growth
35.69% 411.17% 82.97% -247.40% 255.14% 117.80% -1,003.97% -131.80% 304.35% -773.54%
Invested Capital Growth
-1.54% 1.30% 13.32% 37.52% -7.71% 6.88% 51.52% 19.25% 2.13% 20.77%
Revenue Q/Q Growth
0.14% -0.57% -13.92% 41.58% -2.27% 1.06% 4.76% 1.57% 2.82% 5.77%
EBITDA Q/Q Growth
8.98% -8.37% -9.83% 30.58% -6.67% -3.50% 18.32% -9.13% 9.44% 1.37%
EBIT Q/Q Growth
11.10% -10.23% -11.26% 36.83% -10.78% -3.34% 19.73% -11.81% 12.56% -1.97%
NOPAT Q/Q Growth
5.57% -10.21% 11.22% 6.72% -15.06% 3.69% 8.49% 2.73% 5.92% -1.30%
Net Income Q/Q Growth
9.18% -12.43% -69.99% 179.92% -21.61% 4.19% 6.61% -1.89% 12.09% -0.76%
EPS Q/Q Growth
8.97% -12.10% 8.61% 11.23% -21.34% 4.28% 6.34% -0.94% 12.67% -1.75%
Operating Cash Flow Q/Q Growth
-2.27% 18.15% 32.59% -23.66% 13.13% 8.89% 4.92% -6.00% 14.39% 5.28%
Free Cash Flow Firm Q/Q Growth
-1.16% 225.68% 81.01% -557.16% 41.52% 44.62% 11.98% -134.42% 1,528.73% 35.84%
Invested Capital Q/Q Growth
-0.90% -1.46% 5.23% 20.16% -5.63% -0.07% 0.87% 5.50% -8.93% 2.98%
Profitability Metrics
- - - - - - - - - -
Gross Margin
37.94% 38.00% 35.87% 36.76% 35.10% 37.29% 36.88% 39.08% 39.74% 38.68%
EBITDA Margin
20.56% 19.13% 19.63% 24.67% 18.51% 20.91% 21.28% 20.52% 22.20% 19.28%
Operating Margin
16.93% 15.73% 15.86% 19.38% 12.91% 17.37% 16.38% 16.21% 18.48% 16.57%
EBIT Margin
17.28% 15.85% 16.20% 20.82% 13.79% 17.42% 17.71% 17.53% 19.63% 16.32%
Profit (Net Income) Margin
11.06% 9.93% 10.83% 15.03% 8.25% 11.90% 11.65% 12.76% 12.53% 10.49%
Tax Burden Percent
74.21% 77.19% 77.35% 78.85% 77.33% 76.14% 74.89% 77.73% 67.46% 68.15%
Interest Burden Percent
86.23% 81.19% 86.38% 91.55% 77.32% 89.74% 87.82% 93.66% 94.64% 94.31%
Effective Tax Rate
25.79% 22.82% 22.65% 21.15% 22.67% 23.86% 25.11% 22.27% 32.54% 31.85%
Return on Invested Capital (ROIC)
9.04% 9.09% 9.81% 12.17% 7.00% 10.86% 11.54% 13.92% 14.81% 11.95%
ROIC Less NNEP Spread (ROIC-NNEP)
6.03% 5.32% 7.38% 11.72% 4.31% 8.68% 10.33% 14.39% 15.03% 9.66%
Return on Net Nonoperating Assets (RNNOA)
3.40% 4.17% 6.69% 9.69% 3.56% 8.65% 9.42% 8.78% 8.56% 5.69%
Return on Equity (ROE)
12.44% 13.26% 16.50% 21.85% 10.57% 19.50% 20.96% 22.70% 23.37% 17.63%
Cash Return on Invested Capital (CROIC)
10.59% 7.80% -2.68% -19.43% 15.03% 4.20% -29.43% -3.65% 12.70% -6.87%
Operating Return on Assets (OROA)
9.44% 9.28% 9.86% 11.68% 6.79% 10.79% 12.23% 13.09% 15.68% 12.35%
Return on Assets (ROA)
6.04% 5.82% 6.59% 8.43% 4.06% 7.38% 8.04% 9.53% 10.01% 7.94%
Return on Common Equity (ROCE)
12.44% 13.26% 16.50% 21.85% 10.57% 19.50% 20.96% 22.70% 23.37% 17.63%
Return on Equity Simple (ROE_SIMPLE)
11.78% 12.34% 15.60% 19.58% 10.49% 18.09% 19.05% 21.90% 22.46% 16.42%
Net Operating Profit after Tax (NOPAT)
487 490 495 497 251 391 334 294 283 206
NOPAT Margin
12.57% 12.14% 12.27% 15.28% 9.98% 13.23% 12.27% 12.60% 12.46% 11.29%
Net Nonoperating Expense Percent (NNEP)
3.01% 3.76% 2.43% 0.45% 2.69% 2.18% 1.22% -0.48% -0.22% 2.28%
Return On Investment Capital (ROIC_SIMPLE)
8.07% 8.63% 8.96% - - - - - - -
Cost of Revenue to Revenue
62.06% 62.00% 64.13% 63.24% 64.90% 62.71% 63.12% 60.92% 60.26% 61.32%
SG&A Expenses to Revenue
19.68% 19.99% 19.77% 20.55% 21.16% 20.07% 19.79% 20.05% 20.80% 20.54%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
21.01% 22.28% 20.01% 17.38% 22.19% 19.92% 20.50% 22.87% 21.26% 22.11%
Earnings before Interest and Taxes (EBIT)
670 640 653 677 347 516 482 410 445 298
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
797 772 791 802 465 619 579 479 503 352
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.02 2.43 2.58 4.39 3.63 3.16 3.40 5.54 5.86 5.30
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.90 1.95 1.79 3.37 2.85 2.08 2.08 3.23 3.27 3.38
Price to Earnings (P/E)
17.15 19.68 16.53 22.41 34.59 17.49 17.86 25.31 26.08 32.27
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
5.83% 5.08% 6.05% 4.46% 2.89% 5.72% 5.60% 3.95% 3.83% 3.10%
Enterprise Value to Invested Capital (EV/IC)
1.69 1.85 1.82 2.79 2.51 2.13 2.15 3.69 4.19 3.65
Enterprise Value to Revenue (EV/Rev)
2.34 2.49 2.42 4.05 3.43 2.68 2.75 3.63 3.56 3.77
Enterprise Value to EBITDA (EV/EBITDA)
11.36 13.03 12.35 16.43 18.55 12.83 12.92 17.70 16.04 19.57
Enterprise Value to EBIT (EV/EBIT)
13.52 15.74 14.96 19.48 24.90 15.40 15.52 20.72 18.14 23.12
Enterprise Value to NOPAT (EV/NOPAT)
18.59 20.54 19.76 26.53 34.40 20.28 22.41 28.83 28.57 33.43
Enterprise Value to Operating Cash Flow (EV/OCF)
13.18 16.01 29.39 31.13 16.45 21.03 20.29 27.87 27.46 27.62
Enterprise Value to Free Cash Flow (EV/FCFF)
15.87 23.94 0.00 0.00 16.04 52.39 0.00 0.00 33.30 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.66 0.75 0.97 0.97 0.88 0.96 1.14 0.76 0.58 0.66
Long-Term Debt to Equity
0.65 0.73 0.96 0.96 0.86 0.96 1.13 0.75 0.57 0.63
Financial Leverage
0.56 0.78 0.91 0.83 0.83 1.00 0.91 0.61 0.57 0.59
Leverage Ratio
2.06 2.28 2.51 2.59 2.60 2.64 2.61 2.38 2.33 2.22
Compound Leverage Factor
1.78 1.85 2.16 2.37 2.01 2.37 2.29 2.23 2.21 2.09
Debt to Total Capital
39.70% 42.73% 49.32% 49.19% 46.67% 49.04% 53.19% 43.05% 36.65% 39.63%
Short-Term Debt to Total Capital
0.73% 0.79% 0.83% 0.56% 0.62% 0.08% 0.09% 0.22% 0.29% 1.66%
Long-Term Debt to Total Capital
38.97% 41.94% 48.49% 48.63% 46.05% 48.96% 53.10% 42.83% 36.36% 37.97%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
60.30% 57.27% 50.68% 50.81% 53.33% 50.96% 46.81% 56.95% 63.35% 60.37%
Debt to EBITDA
3.01 3.14 3.44 3.01 3.72 3.03 3.27 2.15 1.45 2.18
Net Debt to EBITDA
2.14 2.82 3.24 2.79 3.14 2.87 3.14 1.96 1.32 2.02
Long-Term Debt to EBITDA
2.95 3.08 3.38 2.98 3.67 3.02 3.26 2.14 1.44 2.08
Debt to NOPAT
4.92 4.95 5.50 4.86 6.89 4.79 5.67 3.50 2.59 3.71
Net Debt to NOPAT
3.50 4.44 5.18 4.50 5.83 4.54 5.45 3.19 2.35 3.45
Long-Term Debt to NOPAT
4.83 4.86 5.41 4.81 6.80 4.78 5.66 3.48 2.57 3.56
Altman Z-Score
3.12 3.17 2.85 3.37 2.86 2.95 2.88 4.27 4.78 4.03
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.81 2.31 2.03 1.87 1.81 2.04 1.90 1.97 1.66 1.56
Quick Ratio
1.61 1.05 0.80 0.83 0.90 0.91 0.84 0.88 0.81 0.66
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
571 421 -135 -793 538 152 -851 -77 243 -119
Operating Cash Flow to CapEx
1,467.46% 738.20% 494.21% 1,051.64% 2,534.95% 809.77% 1,023.62% 757.07% 1,185.12% 1,116.14%
Free Cash Flow to Firm to Interest Expense
6.19 3.49 -1.52 -13.88 6.85 2.87 -14.49 -2.97 10.16 -6.99
Operating Cash Flow to Interest Expense
7.45 5.22 3.74 7.41 6.68 7.14 6.28 11.72 12.32 14.71
Operating Cash Flow Less CapEx to Interest Expense
6.94 4.52 2.98 6.70 6.41 6.26 5.67 10.17 11.28 13.39
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.55 0.59 0.61 0.56 0.49 0.62 0.69 0.75 0.80 0.76
Accounts Receivable Turnover
6.02 6.33 6.68 6.91 6.20 6.99 7.49 7.14 7.46 7.13
Inventory Turnover
2.71 2.49 2.70 2.98 2.90 3.35 3.63 3.59 3.78 3.67
Fixed Asset Turnover
7.47 8.46 9.78 8.96 7.22 8.88 9.13 9.28 10.77 11.09
Accounts Payable Turnover
11.03 10.04 8.98 8.43 9.15 10.25 10.27 9.70 8.97 8.75
Days Sales Outstanding (DSO)
60.65 57.68 54.68 52.80 58.89 52.19 48.73 51.13 48.96 51.20
Days Inventory Outstanding (DIO)
134.89 146.84 135.14 122.29 125.97 108.90 100.49 101.70 96.47 99.38
Days Payable Outstanding (DPO)
33.09 36.35 40.65 43.28 39.88 35.60 35.53 37.62 40.69 41.72
Cash Conversion Cycle (CCC)
162.46 168.17 149.17 131.81 144.97 125.50 113.69 115.21 104.74 108.85
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
5,344 5,428 5,358 4,728 3,438 3,725 3,486 2,300 1,929 1,889
Invested Capital Turnover
0.72 0.75 0.80 0.80 0.70 0.82 0.94 1.10 1.19 1.06
Increase / (Decrease) in Invested Capital
-84 70 630 1,290 -287 240 1,185 371 40 325
Enterprise Value (EV)
9,053 10,066 9,775 13,179 8,631 7,939 7,485 8,485 8,075 6,893
Market Capitalization
7,347 7,889 7,215 10,945 7,170 6,160 5,665 7,545 7,412 6,183
Book Value per Share
$67.64 $60.63 $51.92 $44.84 $35.54 $34.68 $29.82 $24.34 $21.99 $20.36
Tangible Book Value per Share
($9.12) ($17.34) ($26.14) ($29.21) ($25.32) ($23.98) ($25.77) ($12.23) ($9.10) ($9.87)
Total Capital
6,033 5,675 5,520 4,909 3,706 3,820 3,557 2,390 1,997 1,933
Total Debt
2,395 2,425 2,722 2,414 1,730 1,873 1,892 1,029 732 766
Total Long-Term Debt
2,351 2,380 2,677 2,387 1,707 1,870 1,889 1,024 726 734
Net Debt
1,706 2,178 2,560 2,234 1,461 1,779 1,820 939 664 711
Capital Expenditures (CapEx)
47 85 67 40 21 47 36 40 25 22
Debt-free, Cash-free Net Working Capital (DFCFNWC)
855 912 901 639 325 524 434 374 261 262
Debt-free Net Working Capital (DFNWC)
1,545 1,160 1,063 819 593 619 506 463 329 317
Net Working Capital (NWC)
1,501 1,115 1,018 792 570 616 503 458 323 285
Net Nonoperating Expense (NNE)
59 89 58 8.27 44 39 17 -3.82 -1.54 15
Net Nonoperating Obligations (NNO)
1,706 2,178 2,560 2,234 1,461 1,779 1,820 939 664 722
Total Depreciation and Amortization (D&A)
127 133 138 125 119 103 97 70 58 54
Debt-free, Cash-free Net Working Capital to Revenue
22.07% 22.60% 22.35% 19.66% 12.93% 17.72% 15.94% 16.00% 11.49% 14.32%
Debt-free Net Working Capital to Revenue
39.86% 28.73% 26.37% 25.21% 23.60% 20.91% 18.58% 19.84% 14.51% 17.36%
Net Working Capital to Revenue
38.73% 27.62% 25.24% 24.37% 22.69% 20.82% 18.46% 19.62% 14.26% 15.61%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$7.97 $7.48 $8.07 $8.85 $3.76 $6.33 $5.71 $0.00 $4.98 $3.36
Adjusted Weighted Average Basic Shares Outstanding
53.74M 53.58M 54.10M 55.22M 55.09M 55.65M 55.58M 56.72M 57.03M 56.95M
Adjusted Diluted Earnings per Share
$7.90 $7.41 $7.95 $8.62 $3.76 $6.33 $5.70 $5.26 $4.98 $3.36
Adjusted Weighted Average Diluted Shares Outstanding
54.21M 54.09M 54.95M 56.67M 55.14M 55.66M 55.60M 56.72M 57.09M 56.97M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
53.62M 53.60M 53.61M 54.66M 55.64M 56.19M 55.70M 55.73M 57.54M 57.31M
Normalized Net Operating Profit after Tax (NOPAT)
525 561 502 415 271 388 348 346 290 226
Normalized NOPAT Margin
13.56% 13.90% 12.45% 12.78% 10.77% 13.11% 12.80% 14.79% 12.78% 12.36%
Pre Tax Income Margin
14.90% 12.87% 14.00% 19.06% 10.67% 15.63% 15.55% 16.42% 18.58% 15.39%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
7.26 5.32 7.34 11.84 4.41 9.75 8.21 15.76 18.64 17.57
NOPAT to Interest Expense
5.28 4.07 5.56 8.69 3.19 7.40 5.69 11.33 11.84 12.15
EBIT Less CapEx to Interest Expense
6.75 4.61 6.59 11.13 4.15 8.87 7.60 14.21 17.60 16.25
NOPAT Less CapEx to Interest Expense
4.77 3.36 4.80 7.99 2.93 6.52 5.07 9.78 10.80 10.84
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
8.09% 18.60% 60.65% 5.99% 41.43% 1.74% 0.00% 80.45% 1.55% 2.52%

Quarterly Metrics And Ratios for Middleby

This table displays calculated financial ratios and metrics derived from Middleby's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/29/2025 12/28/2024 9/28/2024 6/29/2024 3/30/2024 12/30/2023 9/30/2023 7/1/2023 4/1/2023 12/31/2022 10/1/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-2.19% 0.53% -3.86% -4.66% -7.99% -2.24% -1.23% 2.60% 1.28% -38.73% 0.00%
EBITDA Growth
-0.90% 38.05% -0.91% -3.44% -11.62% -32.16% 7.46% 8.62% 11.07% -28.25% 26.70%
EBIT Growth
-0.91% 50.18% 0.34% -4.44% -12.56% -38.76% 7.57% 9.03% 24.12% -30.58% 32.96%
NOPAT Growth
3.42% 23.94% -2.47% -5.26% -14.53% -35.06% 8.15% 10.46% 29.31% 48.02% -31.80%
Net Income Growth
6.68% 47.20% 5.08% -1.25% -12.64% -42.72% 4.10% 3.18% 15.55% -88.43% 111.96%
EPS Growth
6.29% 45.77% 4.98% -1.39% -12.64% -41.80% 4.69% 4.35% 19.74% 34.81% -37.86%
Operating Cash Flow Growth
0.17% -6.24% -28.51% 141.36% 53.15% 60.71% 160.92% -40.89% 699.60% 105.67% -51.63%
Free Cash Flow Firm Growth
-22.33% 570.00% 185.51% 169.33% 135.79% 106.55% 72.43% 61.68% 65.69% 59.94% -808.31%
Invested Capital Growth
-0.28% -1.54% -2.11% -3.72% -0.98% 1.30% 8.18% 12.66% 11.46% 13.32% 29.39%
Revenue Q/Q Growth
-10.58% 7.54% -4.92% 6.97% -8.10% 2.85% -5.71% 3.23% -2.36% 3.91% -2.05%
EBITDA Q/Q Growth
-16.26% -0.72% -1.96% 21.59% 24.23% -28.74% -4.46% 11.30% -10.47% 12.88% -3.43%
EBIT Q/Q Growth
-19.19% -1.74% -1.82% 27.09% 32.96% -34.35% -6.50% 16.29% -14.22% 15.33% -5.23%
NOPAT Q/Q Growth
-14.26% -2.60% -2.28% 26.72% 2.75% -23.35% -5.07% 14.32% -21.93% 27.65% -3.05%
Net Income Q/Q Growth
-17.77% -1.63% -1.07% 33.30% 13.47% -29.78% -7.02% 17.92% -25.61% 27.62% -7.84%
EPS Q/Q Growth
-18.36% -1.90% -0.94% 33.96% 11.97% -29.35% -6.94% 18.68% -25.41% 27.08% -7.25%
Operating Cash Flow Q/Q Growth
-41.13% 53.02% 4.78% 6.11% -44.89% 16.67% 253.77% -32.67% -42.17% 89.43% -19.86%
Free Cash Flow Firm Q/Q Growth
-41.52% -14.63% -27.88% 115.72% 404.46% 110.89% 41.52% -11.35% 7.72% 54.12% 18.71%
Invested Capital Q/Q Growth
0.49% -0.90% 0.48% -0.34% -0.79% -1.46% -1.18% 2.50% 1.50% 5.23% 2.91%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
38.16% 38.36% 37.70% 38.29% 37.37% 38.35% 38.27% 37.81% 37.60% 37.81% 36.79%
EBITDA Margin
18.97% 20.25% 21.94% 21.28% 18.72% 14.75% 21.29% 21.01% 19.49% 21.25% 19.57%
Operating Margin
15.51% 16.76% 18.40% 17.72% 14.79% 11.37% 17.79% 17.77% 15.98% 18.23% 16.29%
EBIT Margin
15.42% 17.07% 18.68% 18.09% 15.22% 11.42% 17.89% 18.05% 16.02% 18.23% 16.43%
Profit (Net Income) Margin
10.19% 11.08% 12.11% 11.64% 9.34% 7.56% 11.08% 11.24% 9.84% 12.91% 10.51%
Tax Burden Percent
76.04% 73.39% 73.81% 74.56% 75.38% 87.77% 75.25% 74.84% 75.12% 82.36% 75.06%
Interest Burden Percent
86.87% 88.45% 87.85% 86.30% 81.38% 75.46% 82.29% 83.20% 81.74% 85.96% 85.25%
Effective Tax Rate
23.96% 26.61% 26.19% 25.44% 24.62% 12.23% 24.75% 25.16% 24.88% 17.64% 24.94%
Return on Invested Capital (ROIC)
8.45% 8.85% 9.64% 9.44% 8.15% 7.47% 10.25% 10.29% 9.42% 12.01% 12.69%
ROIC Less NNEP Spread (ROIC-NNEP)
7.67% 8.21% 8.98% 8.75% 7.43% 6.44% 9.35% 9.45% 8.55% 11.10% 11.89%
Return on Net Nonoperating Assets (RNNOA)
4.04% 4.63% 5.66% 6.16% 5.60% 5.05% 8.37% 8.91% 8.12% 10.06% 10.48%
Return on Equity (ROE)
12.50% 13.48% 15.30% 15.59% 13.75% 12.51% 18.62% 19.20% 17.54% 22.07% 23.17%
Cash Return on Invested Capital (CROIC)
9.40% 10.59% 10.59% 12.29% 9.72% 7.80% 2.44% -1.72% -0.71% -2.68% -15.77%
Operating Return on Assets (OROA)
8.30% 9.32% 10.23% 10.09% 8.67% 6.69% 10.69% 10.83% 9.65% 11.09% 12.37%
Return on Assets (ROA)
5.48% 6.05% 6.64% 6.49% 5.32% 4.43% 6.62% 6.75% 5.93% 7.85% 7.91%
Return on Common Equity (ROCE)
12.50% 13.48% 15.30% 15.59% 13.75% 12.51% 18.62% 19.20% 17.54% 22.07% 23.17%
Return on Equity Simple (ROE_SIMPLE)
11.64% 0.00% 10.92% 11.31% 11.73% 0.00% 14.79% 15.12% 15.72% 0.00% 58.23%
Net Operating Profit after Tax (NOPAT)
107 125 128 131 103 101 131 138 121 155 121
NOPAT Margin
11.79% 12.30% 13.58% 13.21% 11.15% 9.98% 13.39% 13.30% 12.01% 15.02% 12.22%
Net Nonoperating Expense Percent (NNEP)
0.78% 0.64% 0.66% 0.69% 0.72% 1.03% 0.90% 0.84% 0.87% 0.91% 0.80%
Return On Investment Capital (ROIC_SIMPLE)
1.75% 2.07% - - - 1.77% - - - 2.81% -
Cost of Revenue to Revenue
61.84% 61.64% 62.30% 61.71% 62.63% 61.65% 61.73% 62.19% 62.40% 62.19% 63.21%
SG&A Expenses to Revenue
22.35% 17.60% 19.04% 20.03% 22.23% 19.00% 20.03% 19.57% 21.38% 19.43% 20.26%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
22.65% 21.60% 19.30% 20.57% 22.57% 26.98% 20.48% 20.05% 21.61% 19.58% 20.50%
Earnings before Interest and Taxes (EBIT)
140 173 176 179 141 115 175 188 161 188 163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
172 205 207 211 174 149 209 219 196 219 194
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.20 2.02 2.12 1.93 2.60 2.43 2.22 2.64 2.75 2.58 2.76
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.13 1.90 1.97 1.69 2.18 1.95 1.69 1.94 1.94 1.79 1.47
Price to Earnings (P/E)
18.87 17.15 19.42 17.04 22.19 19.68 14.99 17.44 17.47 16.53 4.75
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
5.30% 5.83% 5.15% 5.87% 4.51% 5.08% 6.67% 5.73% 5.72% 6.05% 21.07%
Enterprise Value to Invested Capital (EV/IC)
1.83 1.69 1.75 1.59 1.99 1.85 1.68 1.88 1.92 1.82 1.87
Enterprise Value to Revenue (EV/Rev)
2.55 2.34 2.43 2.18 2.70 2.49 2.28 2.58 2.58 2.42 2.03
Enterprise Value to EBITDA (EV/EBITDA)
12.36 11.36 12.88 11.65 14.44 13.03 11.00 12.66 12.87 12.35 10.82
Enterprise Value to EBIT (EV/EBIT)
14.71 13.52 15.63 14.18 17.52 15.74 13.01 14.97 15.24 14.96 12.90
Enterprise Value to NOPAT (EV/NOPAT)
20.04 18.59 20.42 18.36 22.64 20.54 16.99 19.57 19.98 19.76 21.36
Enterprise Value to Operating Cash Flow (EV/OCF)
14.31 13.18 13.40 11.16 15.78 16.01 17.43 26.41 23.72 29.39 37.88
Enterprise Value to Free Cash Flow (EV/FCFF)
19.45 15.87 16.32 12.70 20.33 23.94 71.83 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.64 0.66 0.67 0.70 0.73 0.75 0.83 0.91 0.95 0.97 1.10
Long-Term Debt to Equity
0.63 0.65 0.66 0.69 0.72 0.73 0.82 0.90 0.94 0.96 1.08
Financial Leverage
0.53 0.56 0.63 0.70 0.75 0.78 0.89 0.94 0.95 0.91 0.88
Leverage Ratio
2.04 2.06 2.11 2.18 2.25 2.28 2.43 2.50 2.54 2.51 2.59
Compound Leverage Factor
1.77 1.82 1.86 1.88 1.83 1.72 2.00 2.08 2.08 2.15 2.21
Debt to Total Capital
39.00% 39.70% 40.10% 41.27% 42.17% 42.73% 45.46% 47.66% 48.84% 49.32% 52.29%
Short-Term Debt to Total Capital
0.72% 0.73% 0.73% 0.76% 0.78% 0.79% 0.78% 0.77% 0.79% 0.83% 0.85%
Long-Term Debt to Total Capital
38.29% 38.97% 39.37% 40.51% 41.39% 41.94% 44.68% 46.89% 48.05% 48.49% 51.43%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
61.00% 60.30% 59.90% 58.73% 57.83% 57.27% 54.54% 52.34% 51.16% 50.68% 47.71%
Debt to EBITDA
3.00 3.01 3.29 3.28 3.26 3.14 3.06 3.30 3.37 3.44 3.12
Net Debt to EBITDA
2.06 2.14 2.46 2.65 2.80 2.82 2.86 3.11 3.18 3.24 2.95
Long-Term Debt to EBITDA
2.94 2.95 3.23 3.22 3.20 3.08 3.01 3.24 3.31 3.38 3.07
Debt to NOPAT
4.86 4.92 5.21 5.17 5.11 4.95 4.73 5.10 5.23 5.50 6.16
Net Debt to NOPAT
3.34 3.50 3.90 4.18 4.39 4.44 4.42 4.81 4.93 5.18 5.83
Long-Term Debt to NOPAT
4.77 4.83 5.12 5.08 5.02 4.86 4.65 5.02 5.15 5.41 6.05
Altman Z-Score
3.01 2.90 2.95 2.78 3.08 2.92 2.71 2.81 2.72 2.63 2.66
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.72 2.81 2.81 2.50 2.40 2.31 2.27 2.32 2.08 2.03 2.08
Quick Ratio
1.57 1.61 1.50 1.27 1.13 1.05 0.93 0.91 0.82 0.80 0.79
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
122 208 244 338 157 31 -285 -488 -438 -475 -1,035
Operating Cash Flow to CapEx
418.40% 1,824.32% 1,363.61% 1,367.07% 1,025.26% 1,645.98% 1,027.44% 271.34% 361.00% 971.62% 447.21%
Free Cash Flow to Firm to Interest Expense
6.63 10.42 11.40 13.77 5.97 1.10 -9.18 -15.48 -14.88 -17.98 -43.01
Operating Cash Flow to Interest Expense
7.69 11.99 7.32 6.09 5.36 9.04 7.05 1.96 3.12 6.02 3.49
Operating Cash Flow Less CapEx to Interest Expense
5.85 11.34 6.78 5.64 4.84 8.49 6.37 1.24 2.26 5.40 2.71
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.54 0.55 0.55 0.56 0.57 0.59 0.60 0.60 0.60 0.61 0.75
Accounts Receivable Turnover
6.16 6.02 6.20 6.16 6.29 6.33 6.62 6.41 6.31 6.68 8.84
Inventory Turnover
2.62 2.71 2.50 2.42 2.38 2.49 2.43 2.43 2.50 2.70 2.85
Fixed Asset Turnover
7.28 7.47 7.67 7.91 8.16 8.46 8.80 9.04 9.58 9.78 11.80
Accounts Payable Turnover
10.28 11.03 10.94 10.26 9.52 10.04 10.39 9.16 8.69 8.98 9.68
Days Sales Outstanding (DSO)
59.21 60.65 58.86 59.22 58.04 57.68 55.14 56.95 57.87 54.68 41.29
Days Inventory Outstanding (DIO)
139.38 134.89 145.97 151.05 153.17 146.84 150.33 149.99 146.04 135.14 127.89
Days Payable Outstanding (DPO)
35.51 33.09 33.36 35.56 38.33 36.35 35.13 39.87 42.02 40.65 37.70
Cash Conversion Cycle (CCC)
163.08 162.46 171.47 174.71 172.89 168.17 170.34 167.08 161.88 149.17 131.48
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
5,370 5,344 5,392 5,367 5,385 5,428 5,508 5,574 5,438 5,358 5,092
Invested Capital Turnover
0.72 0.72 0.71 0.71 0.73 0.75 0.77 0.77 0.78 0.80 1.04
Increase / (Decrease) in Invested Capital
-15 -84 -116 -207 -53 70 417 626 559 630 1,157
Enterprise Value (EV)
9,832 9,053 9,419 8,537 10,692 10,066 9,274 10,486 10,436 9,775 9,499
Market Capitalization
8,192 7,347 7,620 6,593 8,619 7,889 6,861 7,911 7,860 7,215 6,906
Book Value per Share
$69.56 $67.64 $66.82 $63.64 $61.71 $60.63 $57.74 $56.05 $53.39 $51.92 $46.37
Tangible Book Value per Share
($7.83) ($9.12) ($10.50) ($13.03) ($15.50) ($17.34) ($21.13) ($23.23) ($25.33) ($26.14) ($29.15)
Total Capital
6,115 6,033 5,998 5,826 5,726 5,675 5,675 5,731 5,595 5,520 5,237
Total Debt
2,385 2,395 2,405 2,404 2,415 2,425 2,580 2,732 2,733 2,722 2,738
Total Long-Term Debt
2,341 2,351 2,361 2,360 2,370 2,380 2,536 2,688 2,688 2,677 2,693
Net Debt
1,640 1,706 1,799 1,945 2,074 2,178 2,413 2,575 2,576 2,560 2,593
Capital Expenditures (CapEx)
34 13 11 11 14 16 21 23 25 16 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
827 855 915 871 885 912 974 1,045 958 901 913
Debt-free Net Working Capital (DFNWC)
1,572 1,545 1,521 1,331 1,226 1,160 1,141 1,202 1,114 1,063 1,057
Net Working Capital (NWC)
1,528 1,501 1,477 1,286 1,181 1,115 1,097 1,158 1,070 1,018 1,013
Net Nonoperating Expense (NNE)
15 12 14 16 17 24 23 21 22 22 17
Net Nonoperating Obligations (NNO)
1,640 1,706 1,799 1,945 2,074 2,178 2,413 2,575 2,576 2,560 2,593
Total Depreciation and Amortization (D&A)
32 32 31 32 32 34 33 31 35 31 31
Debt-free, Cash-free Net Working Capital to Revenue
21.45% 22.07% 23.64% 22.30% 22.36% 22.60% 23.99% 25.66% 23.68% 22.35% 19.48%
Debt-free Net Working Capital to Revenue
40.77% 39.86% 39.30% 34.05% 30.98% 28.73% 28.10% 29.52% 27.55% 26.37% 22.57%
Net Working Capital to Revenue
39.64% 38.73% 38.16% 32.92% 29.85% 27.62% 27.01% 28.43% 26.45% 25.24% 21.62%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.72 $2.09 $2.12 $2.15 $1.61 $1.42 $2.03 $2.18 $1.85 $2.46 $1.94
Adjusted Weighted Average Basic Shares Outstanding
53.59M 53.74M 53.77M 53.77M 53.65M 53.58M 53.59M 53.53M 53.59M 54.10M 53.87M
Adjusted Diluted Earnings per Share
$1.69 $2.07 $2.11 $2.13 $1.59 $1.42 $2.01 $2.16 $1.82 $2.44 $1.92
Adjusted Weighted Average Diluted Shares Outstanding
54.62M 54.21M 54.04M 54.07M 54.39M 54.09M 54.16M 54.04M 54.38M 54.95M 54.38M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
53.48M 53.62M 53.79M 53.77M 53.77M 53.60M 53.60M 53.60M 53.52M 53.61M 53.88M
Normalized Net Operating Profit after Tax (NOPAT)
109 127 130 135 106 103 135 142 123 156 123
Normalized NOPAT Margin
12.02% 12.53% 13.78% 13.61% 11.41% 10.19% 13.73% 13.65% 12.18% 15.14% 12.40%
Pre Tax Income Margin
13.40% 15.09% 16.41% 15.61% 12.39% 8.62% 14.72% 15.01% 13.09% 15.67% 14.01%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
7.61 8.66 8.23 7.30 5.37 4.07 5.65 5.95 5.48 7.12 6.78
NOPAT to Interest Expense
5.82 6.24 5.98 5.33 3.93 3.56 4.22 4.39 4.11 5.87 5.04
EBIT Less CapEx to Interest Expense
5.78 8.00 7.69 6.86 4.85 3.52 4.96 5.23 4.61 6.50 6.00
NOPAT Less CapEx to Interest Expense
3.98 5.58 5.45 4.89 3.41 3.01 3.54 3.66 3.24 5.25 4.26
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
13.92% 8.09% 4.66% 4.65% 6.16% 18.60% 21.77% 21.99% 36.10% 60.65% 18.31%

Frequently Asked Questions About Middleby's Financials

When does Middleby's fiscal year end?

According to the most recent income statement we have on file, Middleby's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Middleby's net income changed over the last 9 years?

Middleby's net income appears to be on an upward trend, with a most recent value of $428.43 million in 2024, rising from $191.61 million in 2015. The previous period was $400.88 million in 2023. Find out what analysts predict for Middleby in the coming months.

What is Middleby's operating income?
Middleby's total operating income in 2024 was $656.19 million, based on the following breakdown:
  • Total Gross Profit: $1.47 billion
  • Total Operating Expenses: $814.18 million
How has Middleby revenue changed over the last 9 years?

Over the last 9 years, Middleby's total revenue changed from $1.83 billion in 2015 to $3.88 billion in 2024, a change of 112.2%.

How much debt does Middleby have?

Middleby's total liabilities were at $3.64 billion at the end of 2024, a 0.3% decrease from 2023, and a 128.6% increase since 2015.

How much cash does Middleby have?

In the past 9 years, Middleby's cash and equivalents has ranged from $55.53 million in 2015 to $689.53 million in 2024, and is currently $689.53 million as of their latest financial filing in 2024.

How has Middleby's book value per share changed over the last 9 years?

Over the last 9 years, Middleby's book value per share changed from 20.36 in 2015 to 67.64 in 2024, a change of 232.2%.



This page (NASDAQ:MIDD) was last updated on 5/29/2025 by MarketBeat.com Staff
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