Company / Gross Margin
Middleby Gross Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
37.9%
FY2024
5-year range
35.1% / 38.0%
FY2020-FY2024
Trend
-0.2%
vs FY2023
Sector context
#58 of 186
Industrials
What the data says
At 37.9%, Middleby's gross margin ranks #58 of 186 in the Industrials sector. Gross Margin has fluctuated over the past 10 years, ranging from 35.1% in FY2020 to 39.7% in FY2016.
Based on SEC 10-K filings.
37.9% in FY2024 with a 5-year CAGR of +0.7%.
Improved from 35.9% to 37.9% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +1.2pp
- 5-Year Change
- +0.7pp
- 10-Year Change
- -
Sector benchmark
#58 of 186 in IndustrialsTop 31% of 186This company 37.9% Sector average 31.4%
▼
+20.7% above sector average
Key checks
Key Insights
- In FY2024, gross margin decreased 0.2% year-over-year.
- Currently 6.5pp above the Industrials sector average.
- Peak gross margin was recorded in FY2016.
- Lowest gross margin in the period was in FY2020.
Company context
Key Data Points
- Negative profit margin: -5.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 37.9% | -0.2% |
| FY2023 | 38.0% | +6.0% |
| FY2022 | 35.9% | -2.4% |
| FY2021 | 36.8% | +4.7% |
| FY2020 | 35.1% | -5.9% |
| FY2019 | 37.3% | +1.1% |
| FY2018 | 36.9% | -5.6% |
| FY2017 | 39.1% | -1.7% |
| FY2016 | 39.7% | +2.7% |
| FY2015 | 38.7% | -1.2% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026