The Middleby Corporation MIDD

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
60/100
Moderate

About The Middleby Corporation

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, … Full MIDD analysis →

Competitive advantage assessment

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

Where MIDD ranks in Specialty Industrial Machinery

The Middleby Corporation ranks #30 of 82 scored companies in Specialty Industrial Machinery by moat score — the top 37%. The widest moat in the group is Graco Inc. (GGG) at 86/100.

Moat scores for companies ranked near MIDD in Specialty Industrial Machinery
# Company Moat score Rating
26 Emerson Electric Company EMR 63/100 Moderate
27 Franklin Electric Co., Inc. FELE 63/100 Moderate
28 Xylem Inc. XYL 63/100 Moderate
29 Gates Industrial Corporation pl GTES 61/100 Moderate
30 The Middleby Corporation MIDD 60/100 Moderate
31 Gorman-Rupp Company (The) GRC 60/100 Moderate
32 Power Solutions International, PSIX 60/100 Moderate
33 ZJK Industrial Co., Ltd. ZJK 60/100 Moderate
34 Thermon Group Holdings, Inc. THR 59/100 Moderate

See every General Corporate company ranked by moat score →

How MIDD scores on the Corporate Default defenses

Pricing Power

Score 74 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 73 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 73 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 27 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 56 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 62 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding MIDD's moat

What is The Middleby Corporation's moat score?

The Middleby Corporation (MIDD) scores 60 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #30 of 82 scored companies in Specialty Industrial Machinery, the top 37%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 81 companies in Specialty Industrial Machinery. Its strongest defense is Pricing Power (74/100) and its weakest is Capital Efficiency (27/100).

How does The Middleby Corporation compare with other Specialty Industrial Machinery companies?

The Middleby Corporation ranks #30 of 82 scored companies in Specialty Industrial Machinery by moat score. The widest moat in Specialty Industrial Machinery is Graco Inc. (GGG) at 86/100. The companies ranked closest are Gates Industrial Corporation pl (GTES) at 60 just above it and Gorman-Rupp Company (The) (GRC) at 60 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 81 companies in Specialty Industrial Machinery. The defenses are then weighted to produce the overall score out of 100.

Why is The Middleby Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for The Middleby Corporation?

The Corporate Default template measures 6 defenses, and MIDD scores: Pricing Power (74), Cost Advantage (73), Customer Stickiness (73), Capital Efficiency (27), Resilience (56), Scale & Market Position (62). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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