MIDD Stock Analysis: Middleby | NASDAQ
Specialty Industrial Machinery | NASDAQ, USA | Market Cap: 7.766m USD | 12M Return: -10.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 117M
EPS Trend: -10.7%
Qual. Beats: 1
Rev. Trend: -94.3%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Middleby Corporation (NASDAQ: MIDD) is a global designer, manufacturer, marketer, distributor, and servicer of commercial restaurant and food processing equipment, headquartered in Elgin, Illinois. Founded in 1888 and originally known as Middleby Marshall Oven Company, the firm adopted its current name in 1985 and has been publicly traded since 1992. The company operates through two reporting segments: the Commercial Foodservice Equipment Group, which serves restaurants, institutions, and retail kitchens, and the Food Processing Equipment Group, which supplies industrial food producers.
The Commercial Foodservice segment offers a broad product portfolio spanning cooking equipment (conveyor, combi, convection, and steam ovens, ranges, fryers, induction, and ventless cooking systems), refrigeration, ventilation, heated cabinets, beverage and frozen dessert dispensing, and IoT/controls solutions. The Food Processing segment provides batch and continuous processing ovens, frying and thermal processing systems, forming, depositing, and water-cutting equipment, as well as automated loading, washing, and packaging systems for industrial food manufacturers.
Operating within the industrial machinery and supplies sector, Middleby serves a primarily business-to-business customer base across the global food equipment value chain, with a portfolio spanning both end-user kitchen equipment and large-scale industrial food production machinery.
- Commercial restaurant equipment orders slow on weak traffic
- Food Processing margins pressured by steel and component costs
- Serial acquisitions drive revenue growth and product diversification
| Net Income: -420.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.92 > 1.0 |
| NWC/Revenue: 22.07% < 20% (prev 39.64%; Δ -17.57% < -1%) |
| CFO/TA 0.10 > 3% & CFO 554.7m > Net Income -420.2m |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.2m) vs 12m ago -13.53% < -2% |
| Gross Margin: 37.97% > 18% (prev 38.13%; Δ -0.16% > 0.5%) |
| Asset Turnover: 57.18% > 50% (prev 52.08%; Δ 5.10% > 0%) |
| Interest Coverage Ratio: -1.13 > 6 (EBIT TTM -112.4m / Interest Expense TTM 99.9m) |
| A: 0.15 (Total Current Assets 1.65b - Total Current Liabilities 838.8m) / Total Assets 5.42b |
| B: 0.74 (Retained Earnings 4.00b / Total Assets 5.42b) |
| C: -0.02 (EBIT TTM -112.4m / Avg Total Assets 6.41b) |
| D: 0.78 (Book Value of Equity 2.37b / Total Liabilities 3.05b) |
| Altman-Z'' = 4.08 = AA |
| DSRI: 0.99 (Receivables 608.0m/645.5m, Revenue 3.67b/3.85b) |
| GMI: 1.00 (GM 38.13% / 37.97%) |
| AQI: 1.03 (AQ_t 0.62 / AQ_t-1 0.60) |
| SGI: 0.95 (Revenue 3.67b / 3.85b) |
| TATA: -0.18 (NI -420.2m - CFO 554.7m) / TA 5.42b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at USD 132.22 with a total of 819,830 shares traded. Over the past week, the price has changed by -23.13%, over one month by -16.07%, over three months by -7.92% and over the past year by -10.70%.
Current recommended Stop Loss: 120.90 (which is 8.6% or 1.5 ATR below the current price).
Middleby has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy MIDD.
- StrongBuy: 6
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 196.3 | 48.5% |
P/E Trailing = 23.5597
P/E Forward = 17.762
P/S = 2.3458
P/B = 3.275
P/EG = 1.5114
Revenue TTM = 3.67b USD
EBIT TTM = -112.4m USD
EBITDA TTM = 1.18m USD
Long Term Debt = 1.83b USD (from longTermDebt, last quarter)
Short Term Debt = 65.3m USD (from shortTermDebt, last quarter)
Debt = 1.92b USD (from shortLongTermDebtTotal, last quarter) + Leases 21.1m
Net Debt = 1.74b USD (calculated: Debt 1.92b - CCE 177.1m)
Enterprise Value = 9.50b USD (7.77b + Debt 1.92b - CCE 177.1m)
Interest Coverage Ratio = -1.13 (Ebit TTM -112.4m / Interest Expense TTM 99.9m)
EV/FCF = 18.92x (Enterprise Value 9.50b / FCF TTM 502.5m)
FCF Yield = 5.29% (FCF TTM 502.5m / Enterprise Value 9.50b)
FCF Margin = 13.70% (FCF TTM 502.5m / Revenue TTM 3.67b)
Net Margin = -11.46% (Net Income TTM -420.2m / Revenue TTM 3.67b)
Gross Margin = 37.97% ((Revenue TTM 3.67b - Cost of Revenue TTM 2.27b) / Revenue TTM)
Gross Margin QoQ = 38.48% (prev 38.81%)
Tobins Q-Ratio = 1.75 (Enterprise Value 9.50b / Total Assets 5.42b)
Interest Expense / Debt = 5.21% (Interest Expense 99.9m / Debt 1.92b)
Taxrate = 24.48% (27.6m / 112.9m)
NOPAT = -84.9m (EBIT -112.4m * (1 - 24.48%)) [loss with tax shield]
Current Ratio = 1.96 (Total Current Assets 1.65b / Total Current Liabilities 838.8m)
Debt / Equity = 0.81 (Debt 1.92b / totalStockholderEquity, last quarter 2.37b)
Debt / EBITDA = 1.47k (out of range, set to none) (Net Debt 1.74b / EBITDA 1.18m)
Debt / FCF = 3.46 (Net Debt 1.74b / FCF TTM 502.5m)
Total Stockholder Equity = 2.93b (last 4 quarters mean from totalStockholderEquity)
RoA = -6.55% (Net Income -420.2m / Total Assets 5.42b)
RoE = -14.35% (Net Income TTM -420.2m / Total Stockholder Equity 2.93b)
RoCE = -2.36% (EBIT -112.4m / Capital Employed (Equity 2.93b + L.T.Debt 1.83b))
RoIC = -1.90% (negative operating profit) (NOPAT -84.9m / Invested Capital 4.47b)
WACC = 9.12% (E(7.77b)/V(9.68b) * Re(10.40%) + D(1.92b)/V(9.68b) * Rd(5.21%) * (1-Tc(0.24)))
Discount Rate = 10.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -51.11 | Cagr: -5.60%
[DCF] Terminal Value 70.26% ; FCFF base≈548.6m ; Y1≈481.1m ; Y5≈388.7m
[DCF] Fair Price = 83.97 (EV 5.54b - Net Debt 1.74b = Equity 3.80b / Shares 45.2m; r=9.12% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -10.73 | EPS CAGR: -0.23% | SUE: 1.16 | # QB: 1
Revenue Correlation: -94.30 | Revenue CAGR: -3.26% | SUE: 0.28 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.32 | Chg30d=+0.07% | Revisions=+10% | Analysts=10
EPS next Quarter (2026-09-30): EPS=2.46 | Chg30d=+0.08% | Revisions=+50% | Analysts=10
EPS current Year (2026-12-31): EPS=9.61 | Chg30d=+0.09% | Revisions=+75% | GrowthEPS=+3.6% | GrowthRev=+6.3%
EPS next Year (2027-12-31): EPS=10.85 | Chg30d=-0.25% | Revisions=+75% | GrowthEPS=+12.9% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: +69% (up=28, down=4)