MIDD
The Middleby Corporation
MIDD
112.79USD
+1.38%
Sep 23, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $5.1B
- Avg Volume (60D)
- 599.8K
- Revenue Growth YoY
- +1.6%
- Gross Margin
- +38.4%
- Operating Margin
- +17.1%
- Free Cash Flow Yield
- +9.5%
- Distance from 200DMA
- -7.2%
- Next Earnings
- 2026-11-05
- P/E
- N/M
- EV / EBITDA
- 10.1x
- EV / Sales
- 2.0x
60 sessions
FY2026 vs FY2025
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 4, 2026
Filed balance-sheet data as of Jul 4, 2026
Fundamentals & Valuation
One of the two valuation perspectives says cheap; peers is the dissenting view.
The Middleby Corporation has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.
Company Research
Thesis
Direct beneficiary and equipment enabler: Middleby supplies the commercial-kitchen hardware, connected controls, and integrated equipment systems through which operators pursue throughput, labor-productivity, menu-consistency, and energy-efficiency gains.
Opportunity
Moderate opportunity
Restaurant, institutional-foodservice, and convenience operators invest in labor-saving, higher-throughput, energy-efficient, connected cooking and beverage systems to protect margins, standardize execution, and support digital-order volume.
Key risk
Exposure to economic downturns impacting foodservice capital spending.
Narrative & Theme
Restaurant Labor-Productivity Automation and Kitchen Digitization
Part of High-Throughput Automated and Connected Commercial Kitchens, with strong fit.
MIDD has a genuine, direct exposure to commercial-kitchen modernization rather than a vague restaurant-industry adjacency.
Narrative HeatCooling3.9 / 10
Theme HeatNeutral6.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Industrials · Specialty Industrial Machinery
What they do
The Middleby Corporation designs, manufactures, and sells commercial foodservice and food processing equipment globally, serving foodservice operators and food processors with a broad range of cooking and kitchen equipment solutions.
How it earns
The company generates revenue primarily through transactional sales of equipment and related products.
Products & services
Conveyor ovens
Combi ovens
Convection ovens
Baking ovens
Proofing ovens
Deck ovens
Speed cooking ovens
Hydrovection ovens
Ranges
Fryers
Rethermalizers
Steam cooking equipment
Food warming equipment
Catering equipment
Induction cooking equipment
Countertop cooking equipment
Heated cabinets
Charbroilers
Ventless cooking systems
Kitchen ventilation
Toasters
Griddles
Charcoal grills
Professional mixers
Refrigerators
Stainless steel fabrication
Custom millwork
Customers & end markets
Commercial foodservice operators
Food processing companies
Market position
Leader in specialty industrial machinery for commercial foodservice and processing equipment.
Demand drivers
Medium cyclicality
Demand is influenced by economic cycles affecting the foodservice industry and capital spending by commercial operators.