What is Middleby's inventory turnover?

Middleby (MIDD) reported inventory turnover of 2.4× in Q1 2026.

How has Middleby's inventory turnover changed year-over-year?

Middleby's inventory turnover increased by 23.1% year-over-year, from 1.9× to 2.4×.

What is the long-term trend for Middleby's inventory turnover?

Over 5 years (2020 to 2025), Middleby's inventory turnover has grown at a -1.3% compound annual growth rate (CAGR), from 2.9× to 2.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Middleby MIDD Inventory turnover

Inventory turnover at other companies

Illinois Tool WorksITW

5.3×+0.3×

TTC

Toro CompanyTTC

3×+0.3×

JBT Marel CorporationJBTM

3.8×+0.7×

SPX TechnologiesSPXC

4.3×+0.4×

PFG

Performance Food GroupPFGC

15.1×-0.8×

Federal SignalFSS

4×0.0×

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.

total cost of revenue/inventories=2.4×

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 inventory turnover?: Middleby (MIDD) reported inventory turnover of 2.4× in Q1 2026.
How has Middleby's inventory turnover changed year-over-year?: Middleby's inventory turnover increased by 23.1% year-over-year, from 1.9× to 2.4×.
What is the long-term trend for Middleby's inventory turnover?: Over 5 years (2020 to 2025), Middleby's inventory turnover has grown at a -1.3% compound annual growth rate (CAGR), from 2.9× to 2.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.