MIDD Middleby margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 29

Gross margin

39.3%

Operating margin

18.5%

EBITDA margin

-4.7%

Net margin

-15.5%

Middleby records its EBITDA margin is negative at -4.7%, and its net margin is negative at -15.5%, with a gross margin of 39.3%, an operating margin of 18.5%, an EBITDA margin of -4.7%, and a net margin of -15.5%. EBITDA margin had the largest decline, contracting by 31.1 percentage points, while the other available margins also decreased.

MIDD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Middleby recorded average margins of 39.89% gross, 17.75% operating, 14.77% EBITDA, and 4.36% net. Middleby's current performance shows that operating margin is above its three-year average and gross, EBITDA, and net margins are below their three-year averages.

MIDD margin expansion

Year-over-year margin changes in percentage points

Middleby's gross margin contracted by 1.8 percentage points, operating margin by 3.6 percentage points, EBITDA margin by 31.1 percentage points, and net margin by 30.9 percentage points, led by EBITDA margin with a decline of 31.1 percentage points.

Gross margin expansion

-1.8pp

Operating margin expansion

-3.6pp

EBITDA margin expansion

-31.1pp

Net margin expansion

-30.9pp

MIDD Gross margin

Over the last 3 years, Middleby had an average gross margin of 39.89%. Middleby currently reports a gross margin of 39.3%, 0.6 percentage points below its three-year average. Looking back over the last 3 years, Middleby's gross margin reached 41.1% at its highest point in Jun 2025 and 39.1% at its lowest in Jan 2026.

MIDD Operating margin

Middleby recorded an average operating margin of 17.75% across the last 3 years. Middleby's current operating margin is 18.5% and is 0.8 percentage points above its three-year average. The operating margin for Middleby moved between -4.3% in Sep 2025 and 22.1% in Jun 2025.

MIDD EBITDA margin

Over the last 3 years, Middleby's EBITDA margin averaged 14.77%. The current EBITDA margin of -4.7% is 19.5 percentage points below its three-year average. During this period, EBITDA margin reached a high of 26.4% in Jun 2025 and a low of -4.7% in Jul 2026.

MIDD Net margin

The average net margin for Middleby was 4.36% during the last 3 years. Middleby's current net margin is -15.5% and is 19.9 percentage points below its three-year average. The net margin for Middleby moved between -15.5% in Jul 2026 and 15.4% in Jun 2025.

MIDD margin group comparison

Margins compared with peer-group, industry and sector averages

Middleby's gross margin of 39.3% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 32.5%, Middleby's gross margin is 21% higher.

MIDD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Middleby's gross margin?

For the period ending Jul 4, 2026, MIDD recorded a gross margin of 39.3%.

What is Middleby's operating margin?

The current operating margin for MIDD is 18.5% as of Jul 4, 2026.

What is Middleby's EBITDA margin?

As of Jul 4, 2026, MIDD has a negative EBITDA margin of -4.7%.

What is Middleby's net margin?

As of Jul 4, 2026, MIDD has a negative net margin of -15.5%.

What are the average margins of MIDD?

Across the last 3 years, MIDD averaged 39.9% gross, 17.8% operating, 14.8% EBITDA, and 4.4% net.

What are the highest historical margins of MIDD?

In the last 5 years, the highest margins reported by MIDD were 41.1% gross in Jun 2025, 22.1% operating in Jun 2025, 26.4% EBITDA in Jun 2025, and 15.4% net in Jun 2025.

What are the lowest historical margins of MIDD?

Over this 5-year history, Middleby's margins fell as low as 35.4% gross in Jul 2022, -4.3% operating in Sep 2025, -4.7% EBITDA in Jul 2026, and -15.5% net in Jul 2026.