The Middleby (MIDD) Financial Statements & Analysis

The Middleby (MIDD) Income Statement

The Middleby reported revenue of $3.20B in fiscal 2025 (fiscal year ended Jan 3, 2026), up 1.6% from $3.15B a year earlier. The Middleby posted a net loss of $277.73M, compared with net income of $428.43M a year earlier. Gross margin was 39.1% and operating margin 18.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 4, 2026), revenue was $875.55M.

The Middleby Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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The Middleby Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jan 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	3.20	3.20	3.15	3.24	4.03	3.25	3.25	2.51	2.51	2.96	2.72	2.34
Cost of Revenue	1.95	1.95	1.90	1.96	2.59	2.06	2.06	1.63	1.63	1.86	1.72	1.42
Gross Profit	1.25	1.25	1.25	1.28	1.45	1.19	1.19	0.88	0.88	1.10	1.00	0.91
Operating Expenses
Research & Development	-	0.00	0.00	0.05	0.00	-	0.00	-	0.04	0.00	0.04	0.03
Selling, General & Administrative	0.65	0.66	0.59	0.62	0.80	0.62	0.67	0.49	0.49	0.59	0.54	0.44
Operating Expenses	0.68	0.66	0.59	0.62	0.80	0.56	0.56	0.49	0.56	0.59	0.54	0.44
Operating Income	0.57	0.59	0.66	0.66	0.65	0.63	0.63	0.39	0.32	0.51	0.45	0.41
Other Income/Expense
Interest Income	-	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Interest Expense	-	0.09	0.09	0.12	0.09	-0.06	0.06	-0.08	0.08	0.08	0.06	0.03
Other Income/Expense	-0.09	-0.01	0.00	0.00	0.00	-0.01	-0.01	0.00	-0.06	-0.05	-0.02	0.00
Income
Income Before Tax	0.48	0.48	0.57	0.54	0.56	0.62	0.62	0.27	0.27	0.46	0.42	0.38
Income Tax Expense	0.12	0.12	0.15	0.12	0.13	0.13	0.13	0.06	0.06	0.11	0.11	0.09
Net Income	-0.28	-0.28	0.43	0.40	0.44	0.49	0.49	0.21	0.21	0.35	0.32	0.30
Net Income - Continuous Operations	-	0.37	0.42	0.41	0.44	-	0.49	-	0.21	0.35	0.32	0.30
Net Income - Discontinued Operations	-	-0.64	0.01	-0.01	-	-	-	-	-	-	-	-
EBITDA	0.69	0.68	0.76	0.77	0.79	0.69	0.80	0.50	0.44	0.65	0.58	0.48
EBIT	0.60	0.58	0.66	0.66	0.65	0.57	0.68	0.39	-	-	-	-
Depreciation & Amortization	-	0.11	0.10	0.11	0.14	0.12	0.13	0.11	0.11	0.10	0.10	0.07
Earnings Per Share
Basic EPS	-5.00	-5.00	8.00	7.00	8.00	9.00	9.00	4.00	4.00	6.00	6.00	5.00
Diluted EPS	-5.00	-5.00	8.00	7.00	8.00	9.00	9.00	4.00	4.00	6.00	6.00	5.00
Basic Shares Outstanding	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Diluted Shares Outstanding	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06

Source: Company financial statements from annual and quarterly filings. Data as of Jul 4, 2026. Data sources and methodology

Frequently Asked Questions About The Middleby Financial Statements

What was The Middleby's revenue in fiscal 2025?

The Middleby reported revenue of $3.20B in fiscal 2025 (fiscal year ended Jan 3, 2026). That was up 1.6% from $3.15B a year earlier.

Is The Middleby profitable?

No. The Middleby reported a net loss of $277.73M in fiscal 2025. In fiscal 2024 it earned $428.43M.

What is The Middleby's operating margin?

The Middleby's operating income was $574.89M on revenue of $3.20B in fiscal 2025, an operating margin of 18.0%, compared with 21.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition