Stocks · Industrials · Industrial - Machinery
The Middleby Corporation MIDD
$104.57 +1.83% Close, Oct 2, 2026 · NASDAQ · Market cap $4.73B
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $-9.27, down 217.9% year over year.
- Operating margin narrowed to -3.1% from 16.7% a year earlier.
- The diluted share count fell 14.7% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 10%
- EPS growth (TTM, YoY)Bottom 5%
- FCF growth (TTM, YoY)Bottom 34%
- Revenue growth, 3-year CAGRBottom 11%
- Revenue growth accelerationBottom 18%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 21%
- Gross marginTop 27%
- Operating marginBottom 17%
- Accruals (lower is better)Top 6%
- Interest coverBottom 21%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 20%
- Free-cash-flow yieldTop 8%
- EBITDA / enterprise valueBottom 19%
- Sales / enterprise valueTop 45%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 46%
- 6-month returnBottom 44%
- 1-year return vs S&P 500Bottom 40%
- Distance from 52-week highBottom 41%
- Trend checklist (0–4)Bottom 15%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 31%
- Consecutive EPS beatsBottom 16%
- Share of analysts rating BuyTop 15%
- Upside to consensus price targetTop 27%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 22%
- Maximum drawdown, 3 yearsTop 23%
- Beta vs S&P 500 (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -4.9% | -7.2% | ↓ |
| EPS growth (YoY) | -206.0% | -217.9% | ↓ |
| Gross margin | 38.1% | 38.0% | ↓ |
| Operating margin | 16.7% | -3.1% | ↓ |
| FCF margin | 14.9% | 13.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -7.2% | -4.9% | ↓ | Bottom 10% |
| EPS growth (TTM, YoY) | -217.9% | -206.0% | ↓ | Bottom 5% |
| Gross margin | 38.0% | 38.1% | ↓ | Top 27% |
| Operating margin | -3.1% | 16.7% | ↓ | Bottom 17% |
| Net margin | -13.2% | 11.1% | ↓ | — |
| Free-cash-flow margin | 13.9% | 14.9% | ↓ | — |
| Return on invested capital | -2.4% | — | Bottom 21% | |
| Revenue growth, 3-year CAGR | -7.4% | — | Bottom 11% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -18.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.6%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.5 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -1.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 19.88%
- Shareholder yield
- 19.88%
- Share count change, 1 year
- -14.7%
- Share count change, 3-year CAGR
- -5.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 4, 2026 (filed Aug 13, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -0.9%
- Average 2-day reaction, last 8
- -2.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $159.25
- Target vs current price
- +52.3%
- Analysts with a rating
- 21
- Share rating Buy or Strong Buy
- 81%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 11, 2026 | -16.7% | -7.9% | -11.8% | -16.6% | — |
| May 7, 2026 | -10.3% | +11.0% | +3.5% | +9.3% | +18.5% |
| Feb 26, 2026 | +6.6% | +5.8% | +1.8% | -13.2% | -8.0% |
| Nov 6, 2025 | +16.7% | -2.8% | +0.8% | +1.9% | +24.5% |
| Aug 6, 2025 | +6.8% | -18.3% | -9.9% | -6.3% | -13.6% |
| May 7, 2025 | +7.2% | -2.8% | +10.7% | +9.2% | +4.7% |
| Feb 25, 2025 | +15.2% | +0.7% | -3.9% | -5.7% | -9.5% |
| Oct 31, 2024 | -6.0% | -7.6% | +2.3% | +1.0% | +21.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 11, 2026 | $1.74 | $2.09 | -16.7% | $630.6M |
| May 7, 2026 | $1.74 | $1.94 | -10.3% | $839.9M |
| Feb 26, 2026 | $2.42 | $2.27 | +6.6% | $866.4M |
| Nov 6, 2025 | $2.37 | $2.03 | +16.7% | $982.1M |
| Aug 6, 2025 | $2.35 | $2.20 | +6.8% | $977.9M |
| May 7, 2025 | $2.08 | $1.94 | +7.2% | $906.6M |
| Feb 25, 2025 | $2.88 | $2.50 | +15.2% | $1.01B |
| Oct 31, 2024 | $2.33 | $2.48 | -6.0% | $942.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 15.2× | — | — | — |
| EV / Sales | 1.84× | — | — | Top 45% |
| Free-cash-flow yield | 10.48% | — | — | Top 8% |
| Earnings yield | -8.86% | — | — | Bottom 20% |
P/E over the past five years
Range 11.3× – 25.5× since Jul 3, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -3.0%
- Earnings per share growth (TTM)
- -217.9%
- Change in P/E multiple
- -20.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -8.5%
- 200-day average slope (20 days)
- +0.7%
- Distance from 50-day average
- -10.6%
- Distance from 200-day average
- -13.9%
- RSI (14)
- 35.1
- Relative volume
- 1.24×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.0%
- Volatility vs own 5-year history
- 44th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.11
- Correlation with S&P 500
- 0.41
- Current drawdown from 1-year high
- -27.5%
- Maximum drawdown, 3 years
- -35.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 9, 2022 | Nov 1, 2023 | -44.4% | 434 days | Not yet recovered |
| Aug 3, 2021 | Oct 11, 2021 | -13.9% | 48 days | 53 days (Dec 27, 2021) |
| Apr 28, 2021 | Jun 18, 2021 | -12.2% | 36 days | 18 days (Jul 15, 2021) |
| Jan 6, 2022 | Jan 27, 2022 | -10.7% | 14 days | 9 days (Feb 9, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.73B
- EPS, diluted (TTM)
- -$9.27
- Revenue (TTM)
- $3.56B
- 52-week range
- $89.16 – $148.54
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.25B | $4.03B | $4.04B | $3.88B | $3.20B |
| Gross profit | $1.19B | $1.45B | $1.53B | $1.47B | $1.25B |
| Operating income | $630.0M | $639.6M | $634.9M | $656.2M | $588.8M |
| Net income | $488.5M | $436.6M | $400.9M | $428.4M | -$277.7M |
| EPS (diluted) | $8.62 | $7.95 | $7.41 | $7.90 | -$5.38 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $942.8M | $1.01B | $906.6M | $977.9M | $982.1M | $866.4M | $839.9M | $875.5M |
| Net income | $114.2M | $112.3M | $92.4M | $106.0M | -$513.0M | $36.9M | -$50.1M | $54.8M |
| EPS (diluted) | $2.11 | $2.07 | $1.69 | $1.99 | -$10.15 | $0.74 | -$1.06 | $1.20 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $423.4M | $332.6M | $628.8M | $686.8M | $630.2M |
| Capital expenditure | -$51.6M | -$69.5M | -$87.0M | -$49.3M | -$71.8M |
| Free cash flow | $371.8M | $263.0M | $541.8M | $637.5M | $558.4M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$29.3M | -$264.8M | -$74.6M | -$34.7M | -$723.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $159.2M
- Total assets
- $5.36B
- Total liabilities
- $3.15B
- Total debt
- $1.98B
- Net debt
- $1.82B
- Shareholders’ equity
- $2.21B
As of Jul 4, 2026 (filed Aug 13, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Jun 2, 2004 | $0.40 | Jul 6, 2004 |
| Nov 7, 2003 | $0.25 | Dec 19, 2003 |
| Dec 18, 2000 | $0.10 | Dec 29, 2000 |
| Feb 26, 1991 | $0.02 | Mar 25, 1991 |
| Nov 14, 1990 | $0.02 | Dec 15, 1990 |
| Aug 16, 1990 | $0.02 | Sep 15, 1990 |
| May 17, 1990 | $0.02 | Jun 15, 1990 |
| Mar 5, 1990 | $0.02 | Mar 30, 1990 |
Short interest
- Shares sold short
- 1,945,372
- Days to cover
- 3.34
- Change vs previous report
- +19.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 7, 2026
- 1,243-for-1,000
- Jun 27, 2014
- 3-for-1
- Jun 18, 2007
- 2-for-1
- Jun 2, 1988
- 5-for-4