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Middleby MIDD Operating margin

Operating margin at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
26.4%+0.5pp
TTC
Toro CompanyTTC
9.4%-1.8pp
SPX Technologies logo
SPX TechnologiesSPXC
15.8%+0.3pp
EMCOR Group logo
EMCOR GroupEME
10.1%+0.8pp
PFG
Performance Food GroupPFGC
1.2%-0.1pp
SharkNinja logo
SharkNinjaSN
11.7%+2.0pp

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
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

Calculated from Middleby’s reported figures.

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 operating margin?
Middleby (MIDD) reported operating margin of 17.1% in Q1 2026.
How has Middleby's operating margin changed year-over-year?
Middleby's operating margin decreased by 15.7% year-over-year, from 20.3% to 17.1%.
What is the long-term trend for Middleby's operating margin?
Over 5 years (2020 to 2025), Middleby's operating margin has grown at a 6.4% compound annual growth rate (CAGR), from 12.9% to 17.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.