Last 47 quarters of trend data · Industrials · Industrial - Machinery
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Middleby Corporation's quarterly P/E stands at 50.9x, up 211.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 11.8% YoY to 12.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -29.41 | 50.94 | — | 18.21 | 22.60 | 16.36 | 16.79 | 14.39 | 25.28 | 25.91 | 15.92 | 17.11 | 20.14 |
| — | +211.4% | — | +26.5% | -10.6% | -36.9% | +5.5% | -15.9% | +25.5% | +89.6% | -4.6% | +11.8% | -24.2% | |
| P/S Ratio | 2.30 | 2.18 | 1.71 | 1.97 | 2.30 | 1.81 | 2.03 | 1.67 | 2.36 | 1.96 | 1.77 | 1.92 | 1.98 |
| — | +19.9% | -15.8% | +17.8% | -2.5% | -7.5% | +14.9% | -13.0% | +19.2% | +11.1% | +0.7% | +12.5% | -13.5% | |
| P/B Ratio | 2.94 | 2.72 | 2.29 | 2.13 | 2.24 | 2.02 | 2.13 | 1.94 | 2.64 | 2.43 | 2.24 | 2.66 | 2.79 |
| — | +34.3% | +7.3% | +9.8% | -15.3% | -16.9% | -4.8% | -27.3% | -5.2% | -6.5% | -19.7% | -7.0% | -25.7% | |
| P/FCF | 13.21 | 9.68 | 10.76 | 19.05 | 19.42 | 8.12 | 13.18 | 11.96 | 17.21 | 8.24 | 8.76 | 51.29 | 30.71 |
| — | +19.2% | -18.3% | +59.3% | +12.9% | -1.4% | +50.4% | -76.7% | -44.0% | -36.1% | -67.2% | +158.3% | — | |
| EV / EBITDA | 13.56 | 12.70 | — | 12.75 | 14.49 | 11.36 | 11.61 | 10.37 | 15.99 | 17.43 | 11.38 | 12.28 | 13.49 |
| — | +11.8% | — | +23.0% | -9.4% | -34.8% | +2.0% | -15.6% | +18.6% | +54.9% | -8.5% | +1.7% | -21.1% | |
| EV / EBIT | 15.84 | 15.81 | — | 15.70 | 17.90 | 13.28 | 13.46 | 11.99 | 19.21 | 20.66 | 12.72 | 14.11 | 16.38 |
| — | +19.1% | — | +30.9% | -6.8% | -35.7% | +5.8% | -15.0% | +17.3% | +57.6% | -13.4% | +2.5% | -26.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Middleby Corporation's operating margin was 18.6% in Q4 2025, up 75.1 pp QoQ and up 1.9 pp YoY. The trailing four-quarter average of -1.5% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.1% | 38.8% | 36.8% | 38.0% | 38.2% | 38.4% | 37.7% | 38.3% | 37.4% | 38.3% | 38.3% | 37.8% | 37.6% |
| — | +1.2% | -2.4% | -0.8% | +2.1% | +0.0% | -1.5% | +1.3% | -0.6% | +1.4% | +4.0% | +6.2% | +13.1% | |
| Operating Margin | 18.4% | 18.6% | -56.4% | 16.1% | 15.5% | 16.8% | 18.4% | 17.7% | 14.8% | 11.4% | 17.8% | 17.8% | 16.0% |
| — | +11.2% | -406.8% | -9.0% | +4.8% | +47.4% | +3.4% | -0.3% | -7.4% | -37.7% | +9.2% | +7.7% | +29.7% | |
| Net Margin | -8.7% | 4.3% | -52.2% | 10.8% | 10.2% | 11.1% | 12.1% | 11.6% | 9.3% | 7.6% | 11.1% | 11.2% | 9.8% |
| — | -61.5% | -531.3% | -6.9% | +9.1% | +46.4% | +9.3% | +3.6% | -5.1% | -41.4% | +5.4% | +0.6% | +14.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.7% | 1.3% | -15.6% | 2.9% | 2.5% | 3.1% | 3.3% | 3.4% | 2.6% | 2.4% | 3.6% | 4.0% | 3.5% |
| — | -58.4% | -580.5% | -15.9% | -5.0% | +29.2% | -8.7% | -14.0% | -24.6% | -52.2% | -16.0% | -14.7% | +0.5% | |
| ROA | -4.1% | 0.6% | -7.5% | 1.4% | 1.3% | 1.6% | 1.6% | 1.7% | 1.3% | 1.1% | 1.6% | 1.7% | 1.4% |
| — | -62.4% | -566.9% | -13.0% | +0.5% | +40.5% | +2.7% | -1.4% | -12.7% | -43.9% | -0.8% | -3.4% | +7.4% | |
| ROIC | 8.7% | 2.5% | -8.0% | 2.2% | 1.9% | 2.3% | 2.4% | 2.4% | 1.9% | 1.6% | 2.3% | 2.5% | 2.2% |
| — | +7.9% | -433.0% | -11.2% | +3.3% | +50.8% | +2.4% | -2.6% | -15.7% | -42.2% | -2.3% | -1.4% | +16.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The Middleby Corporation's Debt/EBITDA ratio is 11.6x — elevated, raising questions about debt serviceability. The current ratio has weakened 8.6% YoY to 2.57x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.71 | 0.66 | 0.65 | 0.69 | 0.68 | 0.71 | 0.74 | 0.78 | 0.84 | 0.92 | 0.96 |
| — | +13.0% | +5.4% | -6.6% | -12.2% | -11.3% | -19.7% | -22.8% | -23.5% | -20.4% | -23.8% | -18.2% | -10.7% | |
| Debt / EBITDA | 3.16 | 11.62 | — | 12.78 | 13.97 | 12.47 | 11.90 | 11.72 | 14.40 | 17.34 | 12.66 | 12.80 | 14.08 |
| — | -6.8% | — | +9.0% | -3.0% | -28.1% | -6.0% | -8.4% | +2.3% | +38.4% | -11.6% | -7.7% | -9.0% | |
| Current Ratio | 2.57 | 2.57 | 2.07 | 2.57 | 2.72 | 2.81 | 2.81 | 2.50 | 2.40 | 2.31 | 2.27 | 2.32 | 2.08 |
| — | -8.6% | -26.4% | +2.6% | +13.3% | +21.6% | +24.0% | +7.9% | +15.6% | +13.8% | +9.1% | +17.0% | +4.8% | |
| Quick Ratio | 1.92 | 1.92 | 1.10 | 1.56 | 1.73 | 1.79 | 1.70 | 1.43 | 1.28 | 1.21 | 1.09 | 1.09 | 0.95 |
| — | +6.9% | -35.1% | +9.0% | +35.2% | +48.3% | +55.4% | +31.5% | +34.5% | +28.8% | +15.6% | +14.4% | -2.6% | |
| Interest Coverage | 6.14 | 5.10 | -22.02 | 7.70 | 7.61 | 8.66 | 8.23 | 7.30 | 5.37 | 4.37 | 5.93 | 5.95 | 5.48 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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The Middleby Corporation's current P/E is -29.4x. The average P/E over the last 3 quarters is 30.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Middleby Corporation's current operating margin is 18.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Middleby Corporation's business trajectory between earnings reports.