MIDD

Industrials

The Middleby Corporation · Industrial - Machinery · $7B

UQS Score — Balanced Preset
41.1
Below Average

The Middleby Corporation scores 41.1/100 using the Balanced preset.

UQS vs Industrials Sector
MIDD
41.1
Sector avg
42.4
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Good
Valuation
Attractive

What is The Middleby Corporation?

The Middleby Corporation designs and manufactures equipment for commercial kitchens, food processing facilities, and residential cooking applications. Operating across North America, Europe, Asia, and beyond, Middleby serves restaurants, food producers, and home cooks alike.

Middleby generates revenue by selling and servicing cooking, processing, and refrigeration equipment across three main segments. Its Commercial Foodservice arm supplies restaurants and institutions with ovens, fryers, grills, and beverage systems. The Food Processing Equipment segment serves large-scale producers with automated thermal, forming, and packaging solutions. A Residential Kitchen Equipment segment rounds out the portfolio, targeting premium home cooking brands. The company also offers IoT-enabled kitchen solutions.

Founded in 1987 and headquartered in Elgin, Illinois, Middleby has grown through decades of acquisitions into a broad industrial equipment platform.

  • Commercial ovens, fryers, and ventless cooking systems
  • Food processing automation and thermal systems
  • Professional refrigeration and blast chilling equipment
  • Beverage dispensing and craft brewing equipment
  • IoT-connected kitchen management solutions

Is MIDD a Good Stock to Buy?

UQS Score rates MIDD as Below Average overall.

Among the five pillars, Valuation stands out as the relative bright spot — suggesting the market may already be pricing in the company's current challenges. This makes the risk-reward conversation more nuanced than the headline score alone implies.

Quality, Moat, Growth, and Risk all carry Weak ratings, pointing to broad fundamental headwinds across profitability, competitive positioning, expansion trajectory, and balance sheet resilience.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does MIDD pay dividends?

No — The Middleby Corporation does not currently pay a dividend.

Middleby does not currently pay a dividend. The company has historically directed capital toward acquisitions and portfolio expansion rather than shareholder distributions. Investors seeking income should factor this into their assessment, while those focused on reinvestment-driven growth may find the approach consistent with Middleby's acquisition-led strategy.

When does MIDD report earnings?

The Middleby Corporation reports earnings on a quarterly cadence, typical for US-listed equities.

Middleby's recent results have reflected the broader pressures visible in its UQS pillar profile — with Growth and Quality both rated Weak, the earnings narrative has been one of headwinds rather than acceleration. Segment-level performance across foodservice and processing equipment remains a key area to watch.

For the most recent quarter's results and guidance, visit The Middleby Corporation's investor relations page directly.

MIDD Price History

-13.2% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in The Middleby Corporation?

$
Today it would be worth
$8,545
That's a -14.6% total return, or -3.1% annualized.

Based on The Middleby Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

MIDD Long-term Outlook

With Growth and Risk both rated Weak, Middleby's near-term fundamental outlook carries meaningful uncertainty. The company's acquisition-heavy model can create integration drag, and softness in foodservice capital spending environments tends to weigh on equipment demand. The relatively Good Valuation rating suggests some downside may already be reflected in the share price, but a durable recovery would require improvement across multiple pillars.

Growth drivers

  • Continued adoption of IoT-enabled kitchen and processing equipment
  • Recovery in commercial foodservice capital expenditure cycles
  • Potential for accretive bolt-on acquisitions in fragmented equipment markets

Key risks

  • Weak Risk pillar signals balance sheet or operational vulnerabilities
  • Competitive pressure in both commercial and residential equipment segments
  • Macro sensitivity — restaurant and food processor capex can contract sharply in downturns

MIDD vs Peers

Middleby operates in a competitive industrial equipment landscape alongside several specialized peers.

JBTMMIDD scores lower
JBT Marel Corporation

JBT Marel focuses heavily on food processing automation and has a strong international footprint following its merger with Marel, making it a more processing-centric rival.

GTESMIDD scores lower
Gates Industrial Corporation plc

Gates Industrial competes in the broader industrial components space, with power transmission and fluid power products serving diverse end markets beyond foodservice.

NPOMIDD scores lower
EnPro Industries, Inc.

EnPro focuses on sealing technologies and engineered products for industrial applications, representing a different but overlapping slice of the industrial equipment universe.

Frequently Asked Questions

What does The Middleby Corporation do?

Middleby designs, manufactures, and services equipment for commercial kitchens, large-scale food processors, and residential cooking. Its products range from commercial ovens and fryers to automated food processing lines and premium home cooking appliances, sold across North America, Europe, Asia, and Latin America.

Does MIDD pay dividends?

No, Middleby does not currently pay a dividend. The company has historically prioritized capital allocation toward acquisitions and business development rather than direct shareholder distributions. Income-focused investors should consider this when evaluating MIDD.

When does MIDD report earnings?

Middleby reports on a standard quarterly cadence. The company does not pre-announce specific dates far in advance through our data source, so investors should check The Middleby Corporation's investor relations page for the current earnings calendar.

Is MIDD a good stock to buy?

UQS Score rates MIDD as Below Average, reflecting Weak ratings across Quality, Moat, Growth, and Risk pillars. The Valuation pillar is rated Good, which may indicate the market has priced in some of these challenges. The full pillar breakdown is available to Pro members.

Is MIDD overvalued?

Based on the UQS Valuation pillar, MIDD currently carries a Good rating — suggesting the stock is not obviously overvalued relative to its fundamentals. However, a Good Valuation rating should be weighed against the Weak scores across other pillars before drawing conclusions.

How does MIDD compare to its competitors?

Middleby competes with peers like JBT Marel Corporation, Gates Industrial, and EnPro Industries. Each competitor has a different product focus and end-market mix. UQS Score provides side-by-side pillar comparisons for Pro members, making it easier to assess relative quality across the peer group.

What is MIDD's market cap bracket?

The Middleby Corporation is classified as a mid-cap company. This places it in a segment of the market that can offer a balance between growth potential and established operations, though mid-caps can carry more volatility than large-cap peers.

Who founded The Middleby Corporation?

The Middleby Corporation was founded in 1987. Detailed founding history, including key leadership figures, is widely available through the company's official corporate history and public filings.

Is MIDD a long-term quality investment?

As a long-term quality indicator, UQS Score currently rates MIDD as Below Average. Sustained long-term performance typically requires strength across Quality, Moat, and Growth pillars — all of which are currently rated Weak for Middleby. Investors with a long horizon should monitor whether these fundamentals improve over time.

What is the main competitive advantage of The Middleby Corporation?

Middleby's breadth of product categories and its acquisition-driven expansion have historically been key differentiators. However, the current UQS Moat rating of Weak suggests these advantages may not be translating into durable competitive protection at this time.

What sector does MIDD belong to?

MIDD is classified in the Industrials sector, specifically within commercial and food processing equipment manufacturing. This sector is sensitive to capital expenditure cycles in foodservice and food production industries, which can influence revenue and earnings trends.

Is MIDD a growth stock or value stock?

Based on UQS pillar labels, MIDD does not fit cleanly into either category right now. The Growth pillar is rated Weak, making a growth-stock framing difficult to support. The Valuation pillar is rated Good, which leans toward value territory — though fundamental weaknesses temper that framing.

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Pro Analysis

MIDD — Score History

253035404550Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 16 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 16, 202641.325.624.030.465.886.5+4.7
May 10, 202636.624.524.030.445.677.1+0.5
May 8, 202636.124.524.027.445.677.5+1.9
May 7, 202634.227.824.027.436.468.6-0.1
May 3, 202634.327.824.027.436.469.3+0.1
Apr 26, 202634.227.824.027.436.468.7+0.1
Apr 22, 202634.127.824.027.436.468.30.0
Apr 19, 202634.127.824.027.536.468.3-0.1
Apr 18, 202634.227.824.027.536.468.7-2.6
Apr 16, 202636.827.824.027.536.485.90.0

MIDD — Pillar Breakdown

Quality

25.2/100 (25%)

The Middleby Corporation currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsModerate

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

30.4/100 (20%)

The Middleby Corporation faces growth headwinds with declining or stagnant revenue trends.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookWeak

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

65.8/100 (15%)

The Middleby Corporation maintains a reasonable risk profile with manageable debt levels.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

85.5/100 (15%)

The Middleby Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldModerate

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

Moat

24/100 (25%)

The Middleby Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for MIDD.

Score Composition

Quality
25.2×25%6.3
Growth
30.4×20%6.1
Risk
65.8×15%9.9
Valuation
85.5×15%12.8
Moat
24.0×25%6.0
Total
41.1Below Average

Financial Data

More Stock Analysis

How is the MIDD UQS Score Calculated?

The UQS (Unified Quality Score) for The Middleby Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses The Middleby Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether The Middleby Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.