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Middleby MIDD Commercial Foodservice Equipment Group — Depreciation

Other segment segments

Food Processing Group
$3.71M+28.2%
Corporate Segment and Other Operating Segment
$551K-33.2%

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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$6.12B-3.3%
Enterprise value$7.84B+18.1%
P/S1.9×-0.2×

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 ratio-0.8×

Where this comes from

Reported directly by Middleby in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The source filing: Middleby’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0000769520-26-000032
Three Months Ended April 4, 2026Commercial FoodserviceFood ProcessingCorporate and Other(2)Total
Cost of sales369,164146,964590516,718
Other segment items(3)87,97235,98518,610142,567
Segment adjusted EBITDA(4)158,40041,423(19,200)180,623
Depreciation expense(5)7,2443,70555111,500
Amortization expense(6)10,6232,72162513,969
Net capital expenditures4,2143,3293967,939
Three Months Ended March 29, 2025
Net sales$562,717$167,906$730,623

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Middleby's commercial foodservice equipment group — depreciation?
Middleby (MIDD) reported commercial foodservice equipment group — depreciation of $7.24M in Q1 2026.
How has Middleby's commercial foodservice equipment group — depreciation changed year-over-year?
Middleby's commercial foodservice equipment group — depreciation increased by 9.3% year-over-year, from $6.63M to $7.24M.
What is the long-term trend for Middleby's commercial foodservice equipment group — depreciation?
Over 4 years (2021 to 2025), Middleby's commercial foodservice equipment group — depreciation has grown at a 4.5% compound annual growth rate (CAGR), from $23.74M to $28.36M.
What does commercial foodservice equipment group — depreciation mean?
The systematic allocation of the cost of tangible fixed assets, such as machinery and equipment, over their useful lives. This reflects the wear and tear of assets used in the production of foodservice equipment.

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