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Middleby MIDD Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$866.4MMiss by $119.7M
EPS$2.42Beat by $0.15
Revenue estimate$986.1M
EPS estimate$2.27

Next report

Nov 5, 2026 (in a month)
Revenue estimate$634.0M
EPS estimate$1.74

Financials

Q4 2025

Income statement

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Revenue$866.4M+4.5%
Gross profit$336.2M+1.5%
Operating income$833.2M+428%
Net income$36.9M-67.1%
EPS (diluted)$0.74-64.3%

Balance sheet

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Cash & equivalents$222.2M-67.8%
Total debt$2.3B-7.8%
Total equity$2.8B-23.7%
Total assets$6.3B-13.3%

Cash flow

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Operating cash flow$190.7M-20.4%
CapEx--100%
Free cash flow$194.9M-18.5%

Valuation & ratios

Valuation

as of 01/03/26
See full
Market cap$7.41B-19.5%
Enterprise value$9.48B-13.8%
P/S2.3×-0.6×

Profitability

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Gross margin35.3%+7.6pp
Operating margin17.4%-3.1pp
Net margin-8.7%-22.3pp
FCF margin17.5%-3.2pp

Returns & leverage

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Return on equity-8.7%-21.1pp
Debt / equity0.8×+0.1×
Current ratio2.6×-0.2×

Segments

By geography

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United States and Canada$226.0M+10.0%
Asia$64.4M+29.0%
Latin America$39.7M-11.5%
Europe and Middle East$4.5M—

By segment

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Commercial Foodservice Equipment Group$601.7M+0.7%
Food Processing Group$264.7M+14.4%

FAQ

When did Middleby report Q4 2025 earnings?
Middleby (MIDD) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Middleby's Q4 2025 revenue and EPS?
Middleby reported revenue of $866.4M and eps of $2.42 for Q4 2025.
Did Middleby beat estimates in Q4 2025?
Revenue missed the consensus estimate of $986.1M by $119.7M. EPS beat the consensus estimate of $2.27 by $0.15.
How did Middleby's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 14.5% from $1.0B a year earlier and eps declined 16.0% from $2.88.
Where can I find Middleby's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000769520-26-000006) and the 10-K periodic report (0000769520-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.