Company / R&D Expense
Middleby R&D Expense History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$57.7M
FY2024
5-year range
$35.3M / $57.7M
FY2020-FY2024
Trend
+8.7%
vs FY2023
Sector context
#98 of 173
Industrials
What the data says
At $58M, Middleby's r&d expense ranks #98 of 173 in the Industrials sector. R&D Expense has increased for 4 consecutive years, from $35M in FY2020 to $58M in FY2024.
Based on SEC 10-K filings.
$58M in FY2024 with a 5-year CAGR of +7.0%.
Improved from $49M to $58M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +11.3%
- 5-Year CAGR
- +7.0%
- 10-Year CAGR
- -
Sector benchmark
#98 of 173 in IndustrialsTop 57% of 173This company $57.7M Sector average $273.2M
▼
-78.9% below sector average
Key checks
Key Insights
- Middleby's r&d expense has grown for 4 consecutive years.
- 5-year CAGR of +7.0%, indicating consistent growth.
- In FY2024, r&d expense increased 8.7% year-over-year.
- Ranks #98 out of 173 companies in the Industrials sector.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $57.7M | +8.7% |
| FY2023 | $53.1M | +8.6% |
| FY2022 | $48.9M | +17.0% |
| FY2021 | $41.8M | +18.4% |
| FY2020 | $35.3M | -14.3% |
| FY2019 | $41.2M | +16.7% |
| FY2018 | $35.3M | +21.3% |
| FY2017 | $29.1M | +10.6% |
| FY2016 | $26.3M | +17.4% |
| FY2015 | $22.4M | -0.9% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026