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Middleby MIDD

Middleby scores average on business quality (4.5 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$105.95Oct 9, 2026
Business qualityAverage
Next earningsNov 4, 2026, before the open
Insiders, 90 daysQuiet

Why it matters

  1. What Middleby does

    Middleby designs and manufactures commercial foodservice, residential kitchen, and industrial food processing equipment, selling to restaurants, institutions, and food processors.

  2. What it does best

    Middleby excels at maintaining strong operating margins at 18.8%, placing it in the top quartile of its sector and outperforming peer GTES at 15.1%. This edge stems from deep customer relationships and specialized commercial kitchen equipment that operators rely on daily.

  3. The main risk

    A negative net income of $471 million exposes the bottom line to severe pressure despite steady operational cash generation, highlighting vulnerability if commercial demand softens.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin is 18.8% while net margin dips to -15.5% due to bottom-line charges. Profitability struggles to scale cleanly despite solid gross margins.

MoatFair

Commercial foodservice equipment lock-in protects its customer base, backed by a gross margin of 39.4% that sits in the middle of the pack. Rivals face high switching costs in commercial kitchens.

GrowthSlow

Revenue growth crawls at 1.6%, ranking in the bottom quartile of its sector at the 32nd percentile. History shows stagnation compared to prior periods where revenue reached $4B.

Financial healthFair

Net debt sits at $1.95 billion against a debt-to-equity ratio of 0.8x. Free cash flow stands at $495 million, showing steady generation while getting softer year-over-year.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on MIDD

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is MIDD a good business?

Middleby scores average on the Cluenex quality check (4.5 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.

Are insiders buying MIDD?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does MIDD report earnings?

Nov 4, 2026, before the open.

For members

See MIDD today

  • Today's verdict on MIDD, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Middleby (MIDD)”, https://cluenex.com/stocks/midd/, data as of Oct 10, 2026.