Company / Operating Margin
Middleby Operating Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
16.9%
FY2024
5-year range
12.9% / 19.4%
FY2020-FY2024
Trend
+7.7%
vs FY2023
Sector context
#70 of 289
Industrials
What the data says
Middleby's operating margin of 16.9% is higher than 76% of companies in the Industrials sector (FY2024). Operating Margin returned to growth in FY2024 after 2 years of decline, reaching 16.9%.
Based on SEC 10-K filings.
16.9% in FY2024 with a 5-year CAGR of -0.4%. Top quartile in the Industrials sector.
Improved from 15.9% to 16.9% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -2.4pp
- 5-Year Change
- -0.4pp
- 10-Year Change
- -
Sector benchmark
Top 24% in IndustrialsTop 24% of 289This company 16.9% Sector average -828.6%
▼
+102.0% above sector average
Key checks
Key Insights
- In FY2024, operating margin increased 7.7% year-over-year.
- Currently 845.6pp above the Industrials sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 16.9% | +7.7% |
| FY2023 | 15.7% | -0.8% |
| FY2022 | 15.9% | -18.2% |
| FY2021 | 19.4% | +50.1% |
| FY2020 | 12.9% | -25.7% |
| FY2019 | 17.4% | +6.1% |
| FY2018 | 16.4% | +1.0% |
| FY2017 | 16.2% | -12.3% |
| FY2016 | 18.5% | +11.5% |
| FY2015 | 16.6% | -9.8% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026