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Company Analysis

The Middleby Corporation MIDD

A comprehensive view of key metrics, scores, and financial health for The Middleby Corporation

Overview of The Middleby Corporation

MIDD NMS
Industrials Specialty Industrial Machinery Framework: General Corporate Mid Cap
The Middleby Corporation (MIDD), is a Mid Cap company, in the Specialty Industrial Machinery industry, last closed at $123.47, about 10.1% overvalued vs fair value, +27.8% 1Y return, ranked 435/669 in sector.
Metrics Rev Growth 1.6% ROE -8.7% Gross Margin 39.1%
USD 123.47
3.80%
(Delayed)
• Vol 90d: 29.9%
52-Week Range
Market Cap
$5.58B
Enterprise Value
$7.40B
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Weak
Growth
Weak
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Weak
Completeness: 88%
Confidence: 93%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.middleby.com
HQ Elgin, IL
Employees 10,616
Fiscal year Dec 31

Next Events

Earnings Nov 5 Call: Nov 5

Fair Value Snapshot

Bear Base Bull
$95
$111
$127
Current: $123.47 -10% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$3.2B
1.6%%
Gross Profit
$1.3B
0%%
Operating Income
$574.9M
-10.7%%
Net Income
-$277.7M
-164.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
-201.0%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
-
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$947.9M
169.8% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating The Middleby Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
60
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.79), demonstrating pricing resilience across cycles.
  • Cost Leadership Position Operating margin at 79.5th percentile with strong OpEx control demonstrates cost leadership.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.36), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
74
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing MIDD's balance between Growth (19.8%), Profitability (46.3%), and Safety (33.9%). Growth 20% Safety 34% Profitability 46%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

29th percentile vs peers
29
Key Signals
Rev Growth YoY 1.6% 42p EPS CAGR 3Y -2.9% 42p Revenue CAGR 3Y -7.4% 19p EPS Growth YoY -1.67 11p
Strengths
  • Superior capital returns - 2 return metrics above peer median
  • Operating Margin in top 20% of peers (18.0%, 86th percentile)
  • FCF Margin in top 20% of peers (17.4%, 90th percentile)
  • EBIT Margin in top 20% of peers (18.0%, 85th percentile)
Risks
  • EPS Growth YoY in bottom 20% of peers (-1.67)
  • Growth below peer median (percentile: 29)

Profitability

67th percentile vs peers
68
Key Signals
Strengths
Risks
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Safety

49th percentile vs peers
50
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for The Middleby Corporation.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$110.96
- - -
-10.1% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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