The Middleby Corporation (MIDD) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Machinery
EV/EBITDA
↓
12.50
↓-11% vs avg
5yr avg: 14.01
30Y Low4.3·High19.9
P/FCF
↓
11.90
↓-39% vs avg
5yr avg: 19.64
30Y Low3.6·High35.5
P/B Ratio
↓
2.65
-8% vs avg
5yr avg: 2.88
30Y Low0.9·High69.8
ROE
↓
-8.7%
↑-178% vs avg
5yr avg: 11.1%
30Y Low-9%·High116%
Debt/EBITDA
↓
3.16
↓-5% vs avg
5yr avg: 3.32
30Y Low0.6·High8.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MIDD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Middleby Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 11.9x P/FCF, 39% below the 5-year average of 19.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.6B | $7.8B | $7.4B | $8.0B | $7.4B | $11.1B | $7.1B | $6.1B | $5.7B | $7.7B | $7.4B |
| Enterprise Value | $8.6B | $9.7B | $9.2B | $10.3B | $10.0B | $13.4B | $8.6B | $7.9B | $7.5B | $8.6B | $8.0B |
| P/E Ratio → | -26.49 | — | 17.29 | 19.86 | 16.84 | 22.83 | 34.29 | 17.30 | 18.02 | 25.66 | 25.87 |
| P/S Ratio | 2.08 | 2.43 | 1.91 | 1.97 | 1.82 | 3.43 | 2.83 | 2.06 | 2.10 | 3.28 | 3.24 |
| P/B Ratio | 2.65 | 2.81 | 2.03 | 2.45 | 2.63 | 4.47 | 3.60 | 3.13 | 3.43 | 5.62 | 5.81 |
| P/FCF | 11.90 | 13.95 | 11.61 | 14.69 | 27.97 | 29.98 | 14.72 | 18.43 | 17.44 | 30.62 | 27.31 |
| P/OCF | 10.54 | 12.36 | 10.78 | 12.66 | 22.12 | 26.33 | 13.54 | 16.15 | 15.48 | 25.14 | 25.00 |
P/E links to full P/E history page with 30-year chart
MIDD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Middleby Corporation's enterprise value stands at 12.5x EBITDA, 11% below its 5-year average of 14.0x. The Industrials sector median is 13.9x, placing the stock at a 10% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 2.38 | 2.54 | 2.49 | 4.12 | 3.42 | 2.67 | 2.77 | 3.68 | 3.53 |
| EV / EBITDA | 12.50 | 14.16 | 11.79 | 13.48 | 12.89 | 17.75 | 19.87 | 12.79 | 13.87 | 17.90 | 15.96 |
| EV / EBIT | 14.60 | 16.90 | 13.79 | 15.26 | 15.34 | 19.81 | 25.95 | 14.48 | 15.62 | 20.98 | 18.06 |
| EV / FCF | — | 17.44 | 14.49 | 18.92 | 38.11 | 36.05 | 17.79 | 23.87 | 23.00 | 34.38 | 29.77 |
MIDD Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Middleby Corporation earns an operating margin of 18.4%, above the Industrials sector average of 4.9%. Operating margins have expanded from 15.7% to 18.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.7% indicates the company is currently destroying shareholder equity. ROIC of 8.7% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.1% | 39.1% | 37.9% | 38.0% | 35.9% | 36.8% | 35.1% | 37.3% | 36.9% | 39.1% | 39.7% |
| Operating Margin | 18.4% | 18.4% | 16.9% | 15.7% | 15.9% | 19.4% | 12.9% | 17.4% | 16.4% | 17.6% | 19.7% |
| Net Profit Margin | -8.7% | -8.7% | 11.1% | 9.9% | 10.8% | 15.0% | 8.2% | 11.9% | 11.6% | 12.8% | 12.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.7% | -8.7% | 12.4% | 13.3% | 16.5% | 21.9% | 10.6% | 19.5% | 21.0% | 22.7% | 23.4% |
| ROA | -4.1% | -4.1% | 6.0% | 5.8% | 6.6% | 8.4% | 4.1% | 7.4% | 8.0% | 9.5% | 10.0% |
| ROIC | 8.7% | 8.7% | 8.9% | 8.7% | 9.4% | 11.5% | 6.8% | 10.7% | 11.6% | 14.6% | 17.6% |
| ROCE | 10.1% | 10.1% | 10.5% | 10.6% | 11.3% | 12.6% | 7.3% | 12.2% | 13.0% | 15.5% | 19.1% |
MIDD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Middleby Corporation carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $2.0B ($2.2B total debt minus $222M cash). Interest coverage of 6.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.69 | 0.78 | 1.01 | 0.98 | 0.89 | 0.97 | 1.14 | 0.76 | 0.58 |
| Debt / EBITDA | 3.16 | 3.16 | 3.22 | 3.34 | 3.64 | 3.23 | 4.05 | 3.07 | 3.48 | 2.14 | 1.46 |
| Net Debt / Equity | — | 0.70 | 0.50 | 0.71 | 0.95 | 0.90 | 0.75 | 0.92 | 1.09 | 0.69 | 0.52 |
| Net Debt / EBITDA | 2.84 | 2.84 | 2.34 | 3.01 | 3.43 | 2.99 | 3.43 | 2.92 | 3.35 | 1.96 | 1.32 |
| Debt / FCF | — | 3.49 | 2.87 | 4.23 | 10.14 | 6.07 | 3.07 | 5.44 | 5.56 | 3.76 | 2.46 |
| Interest Coverage | 6.14 | 6.14 | 7.26 | 5.58 | 7.34 | 11.84 | 4.21 | 6.60 | 8.21 | 15.76 | 18.59 |
MIDD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The Middleby Corporation's current ratio of 2.57x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.92x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.31x to 2.57x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.57 | 2.57 | 2.81 | 2.31 | 2.03 | 1.87 | 1.81 | 2.04 | 1.90 | 1.97 | 1.66 |
| Quick Ratio | 1.92 | 1.92 | 1.79 | 1.21 | 0.94 | 0.95 | 1.04 | 1.05 | 0.97 | 1.07 | 0.91 |
| Cash Ratio | 0.21 | 0.21 | 0.83 | 0.29 | 0.16 | 0.20 | 0.38 | 0.16 | 0.13 | 0.19 | 0.14 |
| Asset Turnover | — | 0.51 | 0.53 | 0.58 | 0.59 | 0.51 | 0.48 | 0.59 | 0.60 | 0.70 | 0.78 |
| Inventory Turnover | 2.81 | 2.81 | 2.86 | 2.67 | 2.40 | 2.46 | 3.02 | 3.17 | 3.29 | 3.35 | 3.71 |
| Days Sales Outstanding | — | 65.34 | 60.60 | 62.54 | 60.78 | 64.80 | 52.77 | 55.21 | 53.44 | 51.33 | 52.45 |
MIDD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Middleby Corporation returns 10.9% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 5.8% | 5.0% | 5.9% | 4.4% | 2.9% | 5.8% | 5.5% | 3.9% | 3.9% |
| FCF Yield | 8.4% | 7.2% | 8.6% | 6.8% | 3.6% | 3.3% | 6.8% | 5.4% | 5.7% | 3.3% | 3.7% |
| Buyback Yield | 10.9% | 9.3% | 0.5% | 0.9% | 3.6% | 0.3% | 1.2% | 0.1% | 0.0% | 3.1% | 0.1% |
| Total Shareholder Yield | 10.9% | 9.3% | 0.5% | 0.9% | 3.6% | 0.3% | 1.2% | 0.1% | 0.0% | 3.1% | 0.1% |
| Shares Outstanding | — | $52M | $54M | $54M | $55M | $57M | $55M | $56M | $56M | $57M | $57M |
Peer Comparison
Compare MIDD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MIDDYou | $7B | -26.5 | 12.5 | 11.9 | 39.1% | 18.4% | -8.7% | 8.7% | 3.2 |
 ITW | $75B | 24.8 | 18.1 | 27.7 | 44.1% | 26.3% | 93.7% | 29.0% | 1.9 |
 WTRG | $11B | 17.1 | 14.1 | — | 41.0% | 37.2% | 9.4% | 4.8% | 6.2 |
 WSO | $18B | 35.3 | 23.9 | 32.8 | 28.0% | 9.6% | 15.8% | 16.6% | 0.7 |
 MWA | $4B | 22.2 | 14.2 | 24.7 | 36.1% | 18.2% | 21.4% | 19.7% | 1.5 |
 ALLE | $12B | 18.2 | 13.7 | 17.0 | 45.2% | 21.1% | 36.1% | 18.1% | 2.3 |
 RBC | $20B | 80.9 | 43.6 | 83.6 | 44.4% | 22.6% | 8.5% | 6.9% | 2.1 |
 HBB | $274M | 10.5 | 6.3 | 24.8 | 25.7% | 6.0% | 15.2% | 14.0% | 1.0 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 COOK | $6B | -49.3 | — | 432.1 | 39.2% | -17.5% | -51.5% | -11.5% | — |
 ARLO | $2B | 104.1 | 229.1 | 22.9 | 44.0% | 1.1% | 13.1% | 35.9% | 1.1 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonMIDD — Frequently Asked Questions
Quick answers to the most common questions about buying MIDD stock.
What is The Middleby Corporation's P/E ratio?
The Middleby Corporation's current P/E ratio is -26.5x. The historical average is 25.2x.
What is The Middleby Corporation's EV/EBITDA?
The Middleby Corporation's current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.4x.
What is The Middleby Corporation's ROE?
The Middleby Corporation's return on equity (ROE) is -8.7%. The historical average is 23.2%.
Is MIDD stock overvalued?
Based on historical data, The Middleby Corporation is trading at a P/E of -26.5x. Compare with industry peers and growth rates for a complete picture.
What are The Middleby Corporation's profit margins?
The Middleby Corporation has 39.1% gross margin and 18.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Middleby Corporation have?
The Middleby Corporation's Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.