MIDD

The Middleby Corporation

Fundamental data last updated:November 1, 2026

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company profile

SECTOR

Industrials

industry

Industrial - Machinery

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, 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; and soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment, fry dispensers, bottle filling and canning equipment, and IoT solutions. 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, formers, and blenders; battering, breading, and seeding equipment; water cutting systems, food presses, food suspension equipment, filling and depositing solutions, and forming equipment; and food safety, food handling, freezing, and defrosting and packaging equipment for customers producing hot dog, dinner sausage, poultry, and lunchmeat, as well as muffin, cookie, and bread products. Its Residential Kitchen Equipment Group segment offers kitchen equipment comprising cookers, stoves, dishwashers, microwaves, cooktops, wine coolers, ice machines, and ventilation and outdoor 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.

 


VALUATION

P/E

-17.43

Market Cap ($M USD)

$7.01B

Forward P/E

9.42

PEG

0.03

PRICE TO SALES

1.91

PRICE TO BOOK

3.08

EV / EBITDA

-3739.54

5-Year Average P/E

Free Cash Flow Yield

6.45%

DCF Value

$92.20

Graham Number

N/A

Price to FCF

15.50

EV to FCF

19.26

Earnings Yield

-5.74%

FCF Yield

6.45%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$8.90

Next Year EPS Growth Estimate

$16.45

Next Year Revenue Growth Estimate

$3.96B

Return on Equity (ROE)

-14.35%

FREE CASH FLOW

Operating Margin

-2.74%

Debt-to-Equity

0.78

Piotroski F-Score

6

Altman Z-Score

2.16

Return on Invested Capital (ROIC)

-2.19%

Current Ratio

1.96

Quick Ratio

1.10

Net Debt to EBITDA

-728.93

Interest Coverage

-1.00

Gross Profit margin

37.97%

FCF PER SHARE

$9.57

REVENUE PER SHARE

$77.62

Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing The Middleby Corporation, as recent pricing indicated it traded significantly above its DCF value. With a negative Price/Earnings ratio and an earnings yield in the red, the company’s current profitability is in question. However, the Forward P/E suggests optimism for future earnings, hinting at a potential turnaround. The Altman Z-score of 2.28 indicates moderate financial distress, suggesting caution. Overall, the stock’s valuation and financial health are precarious, with a mix of potential and risk.

AI Exposure / Tech Reliance

Operating in the Industrial Machinery sector, Middleby is well-positioned to integrate AI and modern tech into its operations. The industry's focus on automation and efficiency aligns with AI advancements, potentially enhancing productivity. This adaptability could provide a competitive edge in a rapidly evolving technological landscape.

The Bull Case

For a value or GARP investor, Middleby presents an intriguing opportunity. The Forward PEG ratio of 0.035 is a beacon for growth at a reasonable price, suggesting undervaluation relative to growth prospects. A Piotroski F-Score of 6 indicates moderate financial strength, while a solid FCF yield of 7.29% reflects robust cash generation. Despite current challenges, these metrics suggest potential for capital efficiency and pricing power.

The Bear Case

Middleby's structural risks are glaring. The negative ROIC and operating margin underscore inefficiencies in capital allocation and operational execution. Trading near its 52-week high, the stock appears technically overextended, raising concerns about its sustainability. The Price/Book ratio of 3.27 and Price/Sales of 2.09 suggest the market may be overvaluing the company's assets and revenue streams, despite weak profitability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$192.50

Institutional Ownership %

1-Year Beta

1.35

Insider Buying % (6 Mo)

Distance to 52-Week High

9.31%

Distance to 52-Week Low

28.51%

EARNINGS SURPRISE %

11.34%

50-DAY SMA

$142.62

200-DAY SMA

$140.90

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.