The Middleby Corporation (LON:0K1G)

The Middleby Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	3,880	3,875	4,037	4,033	3,251	2,513
Revenue Growth (YoY)	0.27%	-4.00%	0.09%	24.06%	29.35%	-15.08%
Cost of Revenue	2,413	2,405	2,503	2,571	2,056	1,631
Gross Profit	1,467	1,470	1,534	1,462	1,195	882.05
Selling, General & Admin	775.27	738.46	794.44	754.55	622.91	491.9
Amortization of Goodwill & Intangibles	15.9	12.3	5.6	-	-	-
Operating Expenses	791.17	750.76	800.04	754.55	622.91	491.9
Operating Income	676.29	719.61	734.02	707.1	571.95	390.15
Interest Expense	-83.35	-92.23	-120.35	-88.98	-57.16	-78.62
Currency Exchange Gain (Loss)	-9.45	-1	-10.9	-28.1	0.3	-2.9
Other Non Operating Income (Expenses)	-0.24	-0.24	4.49	-0.79	1.3	-0.17
EBT Excluding Unusual Items	583.27	626.15	607.26	589.23	516.4	308.46
Merger & Restructuring Charges	-10.97	-14.18	-14.13	-24.82	102.35	-12.38
Gain (Loss) on Sale of Assets	1.14	1.14	-	-	0.76	1.98
Asset Writedown	-38.64	-38.64	-78.11	-	-	-15.33
Other Unusual Items	2.85	2.85	4.37	-	-	-14.68
Pretax Income	-171.47	577.32	519.38	564.42	619.5	268.06
Income Tax Expense	30.9	148.89	118.5	127.85	131.01	60.76
Net Income	-202.37	428.43	400.88	436.57	488.49	207.29
Net Income to Common	-202.37	428.43	400.88	436.57	488.49	207.29
Net Income Growth	-	6.87%	-8.17%	-10.63%	135.65%	-41.15%
Shares Outstanding (Basic)	53	54	54	54	55	55
Shares Outstanding (Diluted)	53	54	54	55	57	55
Shares Change (YoY)	-2.67%	0.23%	-1.57%	-3.03%	2.77%	-0.93%
EPS (Basic)	-3.85	7.97	7.48	8.07	8.85	3.76
EPS (Diluted)	-3.85	7.90	7.41	7.95	8.62	3.76
EPS Growth	-	6.61%	-6.79%	-7.77%	129.25%	-40.60%
Free Cash Flow	591.15	637.51	543.61	265.26	376.85	489.94
Free Cash Flow Per Share	11.23	11.76	10.05	4.83	6.65	8.89
Gross Margin	37.82%	37.94%	38.00%	36.24%	36.76%	35.10%
Operating Margin	17.43%	18.57%	18.18%	17.53%	17.59%	15.52%
Profit Margin	-5.21%	11.06%	9.93%	10.82%	15.03%	8.25%
Free Cash Flow Margin	15.23%	16.45%	13.47%	6.58%	11.59%	19.49%
EBITDA	798.26	839.62	859.44	838.02	690.43	498.23
EBITDA Margin	20.57%	21.67%	21.29%	20.78%	21.24%	19.82%
D&A For EBITDA	121.97	120.01	125.42	130.92	118.48	108.09
EBIT	676.29	719.61	734.02	707.1	571.95	390.15
EBIT Margin	17.43%	18.57%	18.18%	17.53%	17.59%	15.52%
Effective Tax Rate	-	25.79%	22.81%	22.65%	21.15%	22.67%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.