(MIDD) Middleby - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NASDAQ (USA) | Market Cap: 6.696m USD | Total Return: -1.7% in 12m
Avg Turnover: 84.7M
EPS Trend: -35.9%
Qual. Beats: 1
Rev. Trend: -94.3%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -1.2 is critical
Tailwinds
Confidence
The Middleby Corporation (MIDD) is a global leader in the design and manufacture of commercial restaurant, food processing, and residential kitchen equipment. Founded in 1888 and headquartered in Elgin, Illinois, the company operates through three primary segments: Commercial Foodservice, Food Processing, and Residential Kitchen. Its diverse product portfolio ranges from high-speed ovens and fryers to automated thermal processing systems and professional-grade beverage dispensing equipment.
The company utilizes an acquisition-focused business model, having integrated dozens of brands to capture market share across the entire food value chain. This strategy allows Middleby to benefit from the industrial machinery sectors shift toward automation and IoT-integrated appliances, which aim to reduce labor costs and energy consumption for end-users. Evaluating the long-term impact of these acquisitions on shareholder equity is a key step, and ValueRay provides comprehensive data to assist in that analysis.
- Commercial foodservice equipment demand fluctuates with restaurant industry capital expenditure cycles
- High interest rates increase financing costs for large scale food processing projects
- Strategic acquisitions drive inorganic revenue growth and expansion into adjacent market segments
- Supply chain stabilization and input cost deflation improve overall manufacturing operating margins
| Net Income: -420.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: 22.07% < 20% (prev 39.64%; Δ -17.57% < -1%) |
| CFO/TA 0.11 > 3% & CFO 576.9m > Net Income -420.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| 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 0.38%; Δ 3.76k% > 0.5%) |
| Asset Turnover: 57.18% > 50% (prev 52.08%; Δ 5.10% > 0%) |
| Interest Coverage Ratio: -1.16 > 6 (EBITDA TTM -2.33m / 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 -116.0m / Avg Total Assets 6.41b) |
| D: 1.31 (Book Value of Equity 4.00b / Total Liabilities 3.05b) |
| Altman-Z'' = 4.64 = AA |
| DSRI: 0.99 (Receivables 608.0m/645.5m, Revenue 3.67b/3.85b) |
| GMI: 1.00 (GM 37.97% / 38.13%) |
| 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 576.9m) / TA 5.42b) |
| Beneish M = -3.24 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 145.20 with a total of 379,582 shares traded.
Over the past week, the price has changed by +3.14%,
over one month by +4.34%,
over three months by -8.02% and
over the past year by -1.65%.
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 | 195.3 | 34.5% |
P/E Forward = 15.1286
P/S = 2.0226
P/B = 2.7644
P/EG = 1.5114
Revenue TTM = 3.67b USD
EBIT TTM = -116.0m USD
EBITDA TTM = -2.33m USD
Long Term Debt = 1.83b USD (from longTermDebt, last quarter)
Short Term Debt = 44.2m USD (from shortTermDebt, last quarter)
Debt = 1.90b USD (from shortLongTermDebtTotal, last quarter) + Leases 21.1m
Net Debt = 1.72b USD (calculated: Debt 1.90b - CCE 177.1m)
Enterprise Value = 8.41b USD (6.70b + Debt 1.90b - CCE 177.1m)
Interest Coverage Ratio = -1.16 (Ebit TTM -116.0m / Interest Expense TTM 99.9m)
EV/FCF = 16.51x (Enterprise Value 8.41b / FCF TTM 509.7m)
FCF Yield = 6.06% (FCF TTM 509.7m / Enterprise Value 8.41b)
FCF Margin = 13.90% (FCF TTM 509.7m / 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 = 1.55 (Enterprise Value 8.41b / Total Assets 5.42b)
Interest Expense / Debt = 5.27% (Interest Expense 99.9m / Debt 1.90b)
Taxrate = 24.48% (27.6m / 112.9m)
NOPAT = -87.6m (EBIT -116.0m * (1 - 24.48%)) [loss with tax shield]
Current Ratio = 1.96 (Total Current Assets 1.65b / Total Current Liabilities 838.8m)
Debt / Equity = 0.80 (Debt 1.90b / totalStockholderEquity, last quarter 2.37b)
Debt / EBITDA = -738.0 (out of range, set to none) (Net Debt 1.72b / EBITDA -2.33m)
Debt / FCF = 3.37 (Net Debt 1.72b / FCF TTM 509.7m)
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 = -2.44% (EBIT -116.0m / Capital Employed (Equity 2.93b + L.T.Debt 1.83b))
RoIC = -1.97% (negative operating profit) (NOPAT -87.6m / Invested Capital 4.45b)
WACC = 8.92% (E(6.70b)/V(8.59b) * Re(10.32%) + D(1.90b)/V(8.59b) * Rd(5.27%) * (1-Tc(0.24)))
Discount Rate = 10.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -51.11 | Cagr: -5.60%
[DCF] Terminal Value 70.98% ; FCFF base≈553.0m ; Y1≈484.9m ; Y5≈391.8m
[DCF] Fair Price = 89.10 (EV 5.75b - Net Debt 1.72b = Equity 4.03b / Shares 45.2m; r=8.92% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -35.87 | EPS CAGR: -1.08% | SUE: 1.02 | # 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=+2.03% | Revisions=+9% | Analysts=9
EPS next Quarter (2026-09-30): EPS=2.46 | Chg30d=+3.10% | Revisions=+45% | Analysts=9
EPS current Year (2026-12-31): EPS=9.60 | Chg30d=+3.28% | Revisions=+69% | GrowthEPS=+3.5% | GrowthRev=+6.3%
EPS next Year (2027-12-31): EPS=10.88 | Chg30d=+4.09% | Revisions=+69% | GrowthEPS=+13.3% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: +69%