The Middleby Corporation (MIDD)

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	Jun 28, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Revenue	3,841	3,875	4,037	4,033	3,251	2,513
Revenue Growth (YoY)	-1.70%	-4.00%	0.09%	24.06%	29.35%	-15.08%
Cost of Revenue	2,380	2,405	2,503	2,571	2,056	1,631
Gross Profit	1,462	1,470	1,534	1,462	1,195	882.05
Selling, General & Admin	754.33	738.46	794.44	754.55	622.91	491.9
Operating Expenses	766.63	750.76	800.04	754.55	622.91	491.9
Operating Income	694.96	719.61	734.02	707.1	571.95	390.15
Interest Expense	-79.6	-92.23	-120.35	-88.98	-57.16	-78.62
Currency Exchange Gain (Loss)	-7.65	-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	607.48	626.15	607.26	589.23	516.4	308.46
Merger & Restructuring Charges	-10.67	-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	562.16	577.32	519.38	564.42	619.5	268.06
Income Tax Expense	137.38	148.89	118.5	127.85	131.01	60.76
Net Income	424.78	428.43	400.88	436.57	488.49	207.29
Net Income to Common	424.78	428.43	400.88	436.57	488.49	207.29
Net Income Growth	9.79%	6.87%	-8.17%	-10.63%	135.65%	-41.15%
Shares Outstanding (Basic)	53	54	54	54	55	55
Shares Outstanding (Diluted)	54	54	54	55	57	55
Shares Change (YoY)	-0.11%	0.23%	-1.57%	-3.03%	2.77%	-0.93%
EPS (Basic)	7.95	7.97	7.48	8.07	8.85	3.76
EPS (Diluted)	7.86	7.90	7.41	7.95	8.62	3.76
EPS Growth	9.96%	6.61%	-6.79%	-7.77%	129.25%	-40.60%
Free Cash Flow	580.26	637.51	543.61	265.26	376.85	489.94
Free Cash Flow Per Share	10.74	11.76	10.05	4.83	6.65	8.89
Gross Margin	38.05%	37.94%	38.00%	36.24%	36.76%	35.10%
Operating Margin	18.09%	18.57%	18.18%	17.53%	17.59%	15.52%
Profit Margin	11.06%	11.06%	9.93%	10.82%	15.03%	8.25%
Free Cash Flow Margin	15.11%	16.45%	13.47%	6.58%	11.59%	19.49%
EBITDA	815.27	839.62	859.44	838.02	690.43	498.23
EBITDA Margin	21.22%	21.67%	21.29%	20.78%	21.24%	19.82%
D&A For EBITDA	120.31	120.01	125.42	130.92	118.48	108.09
EBIT	694.96	719.61	734.02	707.1	571.95	390.15
EBIT Margin	18.09%	18.57%	18.18%	17.53%	17.59%	15.52%
Effective Tax Rate	24.44%	25.79%	22.81%	22.65%	21.15%	22.67%

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q