The Middleby Corporation (MIDD) AI Stock Analysis

The Middleby Corporation designs, manufactures, markets, distributes, and services equipment solutions across commercial foodservice, food processing, and residential kitchens. Its Commercial Foodservice Equipment Group provides cooking and preparation solutions such as ovens, ranges, fryers, steamers, cooktops, ventilation systems, ice machines, and refrigeration. The Food Processing Equipment Group segment offers batch and continuous processing ovens, frying systems, mixers, grinders, and packaging equipment for food manufacturers. In the Residential Kitchen Equipment Group segment, Middleby supplies premium appliances for homes, including cookers, dishwashers, microwaves, wine coolers, and outdoor cooking equipment across the United States, Canada, Asia, Europe, the Middle East, and Latin America.

Middleby generated $3.20B in revenue for FY2025, falling 17.4% after a 4.0% decline to $3.88B in FY2024. Despite lower revenue, gross margin expanded to 39.1% and operating margin reached 18.4% in FY2025. However, net income was -$277.7M with a net margin of -8.7%, down from $428.4M in FY2024, while EPS finished at $9.22. Over the five years from FY2020 to FY2025, revenue achieved a CAGR of 5.0%. For the trailing twelve months ended June 30, 2026, revenue stood at $3.39B with an operating margin of 17.4% and diluted EPS of -$5.42. In the latest quarter, revenue grew 9.9% year-over-year, while quarterly earnings declined 39.3%.

As of June 30, 2026, Middleby held $159.2M in cash and short-term investments alongside total debt of $1.98B, resulting in net debt of $1.82B. Total assets were $5.36B against shareholders' equity of $2.21B, yielding a debt-to-equity ratio of 0.90 and a current ratio of 1.99. In FY2025, the company produced $630.2M in operating cash flow and $558.4M in free cash flow. Cash deployment included $71.8M in capital expenditures and $723.6M in share buybacks, contributing to a 20.6% reduction in share count over five years.

Middleby trades at a market capitalization of $4.87B and an enterprise value of $6.87B. At a forward P/E of 14.6x, it trades below the median of its US-listed Industrials peers of 17.2x. Its EV/EBITDA of 9.7x and price-to-sales of 1.4x also sit below peer medians of 13.9x and 1.5x, respectively. The stock's price to book is 2.3x and PEG ratio is 1.51. Over the past year, Middleby shares declined 19.6%, trailing the S&P 500's 16.8% return. Over five years, the stock dropped 37.4% while the S&P 500 gained 83.0%.

Wall Street coverage on Middleby consists of 7 Strong Buy, 2 Buy, and 2 Hold ratings, with no Sell recommendations. The mean price target of $155.67 sits 44.4% above the last close of $107.78. For the fiscal year ending December 31, 2026, analysts expect EPS of $6.87, representing a 25.9% decline, on revenue of $2.51B. For the following fiscal year, 11 analysts project EPS of $7.78 on revenue of $2.61B. Middleby beat EPS estimates in each of the last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of The Middleby Corporation (MIDD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MIDD income statement, MIDD balance sheet, MIDD key metrics, MIDD analyst forecast, MIDD chart. See the MIDD stock overview for the latest quote and news.