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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2067
Positioning
Market Dominance
Manufacturing
Machinery
$6.7B
Timothy J. Fitzgerald
The Middleby Corporation designs, manufactures, markets, distributes, and services a range of foodservice, food processing, and residential kitchen equipment. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, rethermalizers; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, grills, charcoal grills and professional mixers. The company was formerly known as Middleby Marshall Oven Company.
Headcount
10.6K
HQ Base
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MIDD MIDDLEBY Corp | 50 | 40 | 40 | 52 | - | - | -27.7% | -12.8% | 37.4% | -20.3% | -20.7% | 8.3% | 0.0% | 70.0x | $6.7B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
MIDDLEBY Corp (MIDD) receives a "Reduce" rating with a composite score of 49.6/100. It ranks #2067 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Elgin, Illinois
In-line with peers — no strong momentum signal
Fair valuation relative to peers
Average quality profile
Low volatility — smoother ride and historically better risk-adjusted returns
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for MIDD.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 40 | 28 | +12ALPHA |
| MOMENTUM | 52 | 48 | +4NEUTRAL |
| VALUATION | 40 | 29 | +11ALPHA |
| INVESTMENT | 29 | 36 | -7DRAG |
| STABILITY | 72 | 74 | -2NEUTRAL |
| SHORT INT | 55 | 64 | -9DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -23.1% vs WACC 8.0% (spread -31.1%)
GM 37% vs sector 44%, OM -20% vs sector 3%
Capital turnover 0.52x
Rev growth 8%, 11yr history
Interest coverage -22.0x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate MIDDLEBY Corp (MIDD) as a Reduce with a composite score of 49.6/100 at a current price of $161.03. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
MIDDLEBY Corp holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 49.6/100 places it at rank #2067 in our full universe.
No Moat
High
Poor
Fair Value
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
MIDDLEBY Corp represents a reduce based on multi-factor quantitative performance.
MIDDLEBY Corp receives a Reduce rating from our analysis, with a composite score of 49.6/100 and 2 out of 5 stars, ranking #2067 out of 7,333 stocks. MIDD's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
MIDD's quality score of 40/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -27.7% (sector avg: -1.9%), gross margins of 37.4% (sector avg: 44.1%), net margins of -20.7% (sector avg: 1.0%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 40/100, MIDD appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/B ratio of 2.76x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
MIDDLEBY Corp's investment score of 29/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 8.3% vs. a sector average of 6.7% and a return on assets of -12.8% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
MIDD demonstrates moderate momentum with a score of 52/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at 8.3% year-over-year, while a beta of 1.23 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
MIDD shows good financial stability with a score of 72/100. Key stability metrics include a beta of 1.23 and a debt-to-equity ratio of 70.00x (sector avg: 0.2x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
The short interest score of 55/100 for MIDD suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include above-average market sensitivity (beta: 1.23), elevated leverage (D/E: 70.00x). With a $6.7B market cap (mid-cap), MIDDLEBY Corp may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
MIDDLEBY Corp is a mid-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #2067 of 7,333 overall (72nd percentile). Key comparisons include ROE of -27.7% trailing the -1.9% sector median and operating margins of -20.3% below the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While MIDD currently exhibits a REDUCE profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Improvement in Investment (29) would have the largest impact on the composite score.
ROE 1358% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 15% BELOW SECTOR MEDIAN
Op. Margin 908% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081

Middleby, a leading player in commercial, food processing, and residential kitchen equipment, reported strong Q4 2024 earnings despite facing challenges in specific segments. The company's strategic initiatives, including acquisitions and innovation, helped offset the impact of macroeconomic factors.

SG Capital Management LLC completely exited its stake in Oshkosh Corporation, selling all 557,006 shares in the third quarter of 2025. The sale represents a significant portfolio change, with the company previously holding OSK as its second-largest holding.

Barnes Group (B) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Middleby (MIDD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Middleby reported mixed Q2 2025 financial results with revenue of $977.9 million, slightly beating estimates but showing a 1.4% year-over-year decline. The company faced challenges from economic uncertainty, tariffs, and negative organic sales growth across business segments.