What is Middleby's interest coverage?

Middleby (MIDD) reported interest coverage of 6× in Q1 2026.

How has Middleby's interest coverage changed year-over-year?

Middleby's interest coverage decreased by 14.8% year-over-year, from 7.1× to 6×.

What is the long-term trend for Middleby's interest coverage?

Over 5 years (2020 to 2025), Middleby's interest coverage has grown at a 7.8% compound annual growth rate (CAGR), from 4.1× to 6×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Middleby MIDD Interest coverage

Interest coverage at other companies

Illinois Tool WorksITW

14.4×-0.2×

TTC

Toro CompanyTTC

7.7×-0.9×

JBT Marel CorporationJBTM

3.5×+2.6×

SPX TechnologiesSPXC

8.4×+2.0×

PFG

Performance Food GroupPFGC

2×-0.5×

Federal SignalFSS

20.8×-3.0×

Other financials

Income statement

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Revenue$839.9M+15.0%

Gross profit$323.2M+10.5%

Operating income$133.4M+3.0%

Net income-$50.1M-154%

EPS (diluted)-$1.06-163%

Balance sheet

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Cash & equivalents$177.1M-76.2%

Total debt$1.9B+131%

Total equity$2.4B-36.3%

Total assets$5.4B-26.7%

Cash flow

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Operating cash flow$65.6M-53.5%

CapEx$7.9M-70.0%

Free cash flow$57.7M-49.7%

Valuation

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Market cap$7.79B-7.9%

Enterprise value$9.51B+15.1%

P/S2.4×-0.4×

Profitability

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Gross margin31.3%-0.4pp

Operating margin17.1%-3.2pp

Net margin-12.7%-26.6pp

FCF margin15.2%-5.2pp

Returns & leverage

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Return on equity-13.8%-26.1pp

Debt / equity0.8×+0.6×

Current ratio2×-0.8×

Where this comes from

Calculated from Middleby’s reported figures.

ebit/interest expense=6×

Based on trailing twelve months.

The official record: Middleby’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Middleby's interest coverage?: Middleby (MIDD) reported interest coverage of 6× in Q1 2026.
How has Middleby's interest coverage changed year-over-year?: Middleby's interest coverage decreased by 14.8% year-over-year, from 7.1× to 6×.
What is the long-term trend for Middleby's interest coverage?: Over 5 years (2020 to 2025), Middleby's interest coverage has grown at a 7.8% compound annual growth rate (CAGR), from 4.1× to 6×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.