Middleby Income Statement
MIDD / Industrials|15 years of annual SEC 10-K data (FY2010-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Middleby reported $3.9B in revenue and $428M in net income for FY2024. Revenue has grown at a 12.8% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Negative profit margin: -5.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B | $4.0B | $4.0B | $3.3B | $2.5B | $3.0B | $2.7B | $2.3B | $2.3B | $1.8B | $1.6B | $1.4B | $1.0B | $855.9M | $719.1M |
| Cost of Revenue | $2.4B | $2.5B | $2.6B | $2.1B | $1.6B | $1.9B | $1.7B | $1.4B | $1.4B | $1.1B | $996.0M | $878.7M | $635.2M | $511.8M | $432.4M |
| Gross Profit | $1.5B | $1.5B | $1.4B | $1.2B | $882.0M | $1.1B | $1.0B | $912.7M | $901.2M | $706.5M | $640.6M | $550.0M | $403.0M | $344.1M | $286.7M |
| SG&A Expense | $762.5M | $806.9M | $797.2M | $668.0M | $531.9M | $593.8M | $538.8M | $468.2M | $471.6M | $375.1M | $157.0M | $140.8M | $108.8M | $104.3M | $88.1M |
| R&D Expense | $57.7M | $53.1M | $48.9M | $41.8M | $35.3M | $41.2M | $35.3M | $29.1M | $26.3M | $22.4M | $22.6M | $21.4M | $14.1M | $10.4M | $7.7M |
| Operating Income | $656.2M | $634.9M | $639.6M | $630.0M | $324.4M | $514.0M | $446.0M | $378.6M | $419.0M | $302.6M | $300.4M | $244.5M | $188.1M | $148.7M | $122.8M |
| Income Tax | $148.9M | $118.5M | $127.8M | $131.0M | $60.8M | $110.4M | $106.4M | $85.4M | $137.1M | $89.6M | $87.5M | $71.9M | $53.7M | $45.0M | $41.4M |
| Net Income | $428.4M | $400.9M | $436.6M | $488.5M | $207.3M | $352.2M | $317.2M | $298.1M | $284.2M | $191.6M | $193.3M | $153.9M | $120.7M | $95.5M | $72.9M |
| EPS (Basic) | $7.97 | $7.48 | $8.07 | $8.85 | $3.76 | $6.33 | $5.71 | $5.26 | $4.98 | $3.36 | $3.41 | $2.76 | $2.22 | $5.30 | $4.09 |
| EPS (Diluted) | $7.90 | $7.41 | $7.95 | $8.62 | $3.76 | $6.33 | $5.70 | $5.26 | $4.98 | $3.36 | $3.40 | $2.74 | $2.20 | $5.15 | $3.97 |
| Shares Outstanding | 54.2M | 54.1M | 54.9M | 56.7M | 55.1M | 55.7M | 55.6M | 56.7M | 57.1M | 57.0M | 56.8M | 56.1M | 54.8M | 18.5M | 18.3M |
| Gross Margin | 37.9% | 38.0% | 35.9% | 36.8% | 35.1% | 37.3% | 36.9% | 39.1% | 39.7% | 38.7% | 39.1% | 38.5% | 38.8% | 40.2% | 39.9% |
| Operating Margin | 16.9% | 15.7% | 15.9% | 19.4% | 12.9% | 17.4% | 16.4% | 16.2% | 18.5% | 16.6% | 18.4% | 17.1% | 18.1% | 17.4% | 17.1% |
| Profit Margin | 11.1% | 9.9% | 10.8% | 15.0% | 8.3% | 11.9% | 11.7% | 12.8% | 12.5% | 10.5% | 11.8% | 10.8% | 11.6% | 11.2% | 10.1% |