Middleby Financial Statements
NASDAQ: MIDDIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Middleby revenue and earnings
In fiscal 2025, Middleby generated $3.20 billion in revenue, up 1.6% from fiscal 2024. Middleby reported a net loss of $277.7 million, compared with net income of $428.4 million a year earlier. Gross margin was 39.1% (down from 39.7%) and operating margin 18.0%.
Diluted earnings per share came in at -$5.32, down from $7.90. Over the last 5 fiscal years, MIDD's revenue has grown at a 5.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Middleby income statement (annual)
| Fiscal year (USD) | FY 20252026-01-03 | FY 20242024-12-28 | FY 20232023-12-30 | FY 20222022-12-31 | FY 20212022-01-01 | FY 20202021-01-02 | FY 20192019-12-28 | FY 20182018-12-29 | FY 20172017-12-30 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.20B | 3.15B | 3.24B | 4.03B | 3.25B | 2.51B | 2.96B | 2.72B | 2.34B | 2.27B |
| Revenue growth (YoY) | +1.62% | -2.83% | -19.61% | +24.06% | +29.35% | -15.08% | +8.69% | +16.59% | +2.98% | +24.16% |
| Cost of Revenue | 1.95B | 1.90B | 1.96B | 2.59B | 2.06B | 1.63B | 1.86B | 1.72B | 1.42B | 1.37B |
| Gross Profit | 1.25B | 1.25B | 1.28B | 1.45B | 1.19B | 882.05M | 1.10B | 1.00B | 912.74M | 901.18M |
| Operating Expenses | 677.02M | 607.70M | 631.65M | 806.95M | 564.87M | 557.62M | 589.45M | 558.17M | 534.13M | 482.16M |
| Research & Development | 58.80M | 50.80M | 47.10M | 48.90M | 41.80M | 35.30M | 41.20M | 35.30M | 29.10M | 26.30M |
| Selling, General & Admin | 663.16M | 590.12M | 624.93M | 797.23M | 667.98M | 531.90M | 593.81M | 538.84M | 468.22M | 471.64M |
| Operating Income | 574.89M | 644.12M | 652.43M | 639.60M | 629.99M | 324.43M | 514.04M | 445.97M | 378.61M | 419.02M |
| Interest Expense | 93.83M | 93.36M | 121.13M | 88.98M | 57.16M | 78.62M | 82.61M | 58.74M | 25.98M | 23.88M |
| Other Income (Expense) | -5.08M | 458.00K | -4.26M | -28.89M | 1.60M | -3.07M | 2.33M | -1.82M | -829.00K | -1.04M |
| Pretax Income | 482.27M | 566.10M | 536.08M | 564.41M | 619.50M | 268.06M | 462.62M | 423.51M | 383.53M | 421.31M |
| Income Tax | 115.01M | 145.12M | 123.08M | 127.85M | 131.01M | 60.76M | 110.38M | 106.36M | 85.40M | 137.09M |
| Net Income | -277.73M | 428.43M | 400.88M | 436.57M | 488.49M | 207.29M | 352.24M | 317.15M | 298.13M | 284.22M |
| Net Income growth (YoY) | -164.82% | +6.87% | -8.17% | -10.63% | +135.65% | -41.15% | +11.06% | +6.38% | +4.89% | +48.33% |
| EPS (Basic) | -5.38 | 7.97 | 7.48 | 8.07 | 8.85 | 3.76 | 6.33 | 5.71 | 5.26 | 4.98 |
| EPS (Diluted) | -5.32 | 7.90 | 7.41 | 7.95 | 8.62 | 3.76 | 6.33 | 5.70 | 5.26 | 4.98 |
| Shares Outstanding (Basic) | 51.66M | 53.74M | 53.58M | 54.09M | 55.22M | 55.09M | 55.65M | 55.58M | 56.72M | 57.03M |
| Shares Outstanding (Diluted) | 52.18M | 54.21M | 54.09M | 54.95M | 56.66M | 55.14M | 55.66M | 55.60M | 56.72M | 57.09M |
| EBITDA | 680.20M | 748.24M | 762.34M | 777.66M | 755.24M | 434.96M | 617.47M | 543.20M | 448.39M | 477.25M |
| Gross Margin | 39.11% | 39.74% | 39.61% | 35.87% | 36.76% | 35.10% | 37.29% | 36.88% | 39.08% | 39.74% |
| Operating Margin | 17.96% | 20.45% | 20.12% | 15.86% | 19.38% | 12.91% | 17.37% | 16.38% | 16.21% | 18.48% |
| Net Margin | -8.68% | 13.60% | 12.36% | 10.83% | 15.03% | 8.25% | 11.90% | 11.65% | 12.76% | 12.53% |
This table shows 10 annual periods of Middleby's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MIDD's reporting calendar. What is a income statement?