Middleby Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 3, 2026 · FY), Middleby Corp reported revenue of $3.2B (-17.4% year on year) and net income of ($277.7M) (-164.8% year on year).
| Line item | Jan 3, 2026 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net sales | $3.2B | $3.9B | $4.0B | $4.0B |
| Cost of Sales | $1.9B | $2.4B | $2.5B | $2.6B |
| Gross profit | $1.3B | $1.5B | $1.5B | $1.4B |
| Selling, General and Administrative Expense | $663.2M | $762.5M | $806.9M | $797.2M |
| Restructuring Charges | $3.3M | $14.2M | $14.1M | $9.7M |
| Impairments | $10.6M | $38.6M | $78.1M | $0 |
| Gain on sale of plant | $0 | ($1.1M) | $0 | $0 |
| Income from continuing operations | $574.9M | $656.2M | $634.9M | $639.6M |
| Net interest expense and deferred financing amortization, net | $93.8M | $92.2M | $120.3M | $89.0M |
| Net Periodic Benefit Cost, Other Than Service Cost & Curtailment | ($6.3M) | ($14.9M) | ($9.1M) | ($42.7M) |
| Other expense/(income), net | $5.1M | $1.5M | $4.2M | $28.9M |
| Earnings from continuing operations before income taxes | $482.3M | $577.3M | $519.4M | $564.4M |
| Provision for income taxes | $115.0M | $148.9M | $118.5M | $127.8M |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $367.3M | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($645.0M) | — | — | — |
| Net earnings | ($277.7M) | $428.4M | $400.9M | $436.6M |
| Income (Loss) from Continuing Operations, Per Basic Share | $7.11 | — | — | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share | ($12.49) | — | — | — |
| Basic (in usd per share) | -$5.38 | $7.97 | $7.48 | $8.07 |
| Income (Loss) from Continuing Operations, Per Diluted Share | $7.04 | — | — | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share | ($12.36) | — | — | — |
| Diluted (in usd per share) | -$5.32 | $7.90 | $7.41 | $7.95 |
| Basic (in shares) | 51.7M | 53.7M | 53.6M | 54.1M |
| Dilutive common stock equivalents (in shares) | 524.0K | 471.0K | 509.0K | 852.0K |
| Diluted (in shares) | 52.2M | 54.2M | 54.1M | 54.9M |
| Line item | Jul 4, 2026 · Q2 | Apr 4, 2026 · Q1 | Sep 27, 2025 · Q3 | Jun 28, 2025 · Q2 |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $875.5M | $839.9M | $982.1M | $977.9M |
| Cost of sales | $540.5M | $516.7M | $620.8M | $606.6M |
| Gross profit | $335.1M | $323.2M | $361.3M | $371.3M |
| Selling, General and Administrative Expense | $186.6M | $188.3M | $203.6M | $213.6M |
| Restructuring Charges | $732.0K | $1.5M | $2.8M | $2.3M |
| Income from operations | $147.7M | $133.4M | ($554.2M) | $155.4M |
| Net interest expense and deferred financing amortization, net | $26.0M | $25.5M | $25.1M | $19.8M |
| Net periodic pension benefit | ($2.4M) | ($2.4M) | ($1.6M) | ($1.6M) |
| Other (income) expense, net | ($2.2M) | ($2.6M) | $1.1M | $4.1M |
| Earnings before income taxes | $126.4M | $112.9M | ($579.0M) | $133.0M |
| Provision for income taxes | $43.3M | $27.6M | ($66.0M) | $27.0M |
| Income (Loss) from Continuing Operations before Equity in Net Income (Loss) of Affiliate | $83.1M | — | — | — |
| Equity in losses of affiliate, net of tax | ($28.9M) | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $54.2M | $85.3M | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $598.0K | ($135.4M) | — | — |
| Net earnings | $54.8M | ($50.1M) | ($513.0M) | $106.0M |
| Income (Loss) from Continuing Operations, Per Basic Share | $1.2 | $1.81 | — | — |
| Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | $0.01 | ($2.87) | — | — |
| Earnings Per Share, Basic | $1.21 | -$1.06 | -$10.15 | $2.01 |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1.2 | $1.81 | — | — |
| Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | $0.01 | ($2.87) | — | — |
| Earnings Per Share, Diluted | $1.21 | -$1.06 | -$10.15 | $1.99 |
| Basic (in shares) | 45.3M | 47.2M | 50.5M | 52.6M |
| Dilutive common stock equivalents (in shares) | 17.0K | 11.0K | 0 | 538.0K |
| Diluted (in shares) | 45.3M | 47.2M | 50.5M | 53.2M |
| Comprehensive income | $33.9M | ($34.8M) | ($539.0M) | $212.7M |
| Line item | Jan 3, 2026 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $222.2M | $689.5M | $247.5M | $162.0M |
| Accounts Receivable, Net, Current | $573.0M | $643.4M | $644.6M | $631.1M |
| Inventory, Net | $692.6M | $841.6M | $935.9M | $1.1B |
| Prepaid expenses and other | $111.2M | $131.6M | $112.7M | $125.6M |
| Prepaid Taxes | $41.2M | $24.0M | $25.2M | $9.5M |
| Disposal Group, Including Discontinued Operation, Assets, Current | $1.1B | — | — | — |
| Total current assets | $2.7B | $2.3B | $2.0B | $2.0B |
| Property, Plant and Equipment, Net | $431.6M | $526.0M | $510.9M | $443.5M |
| Goodwill | $1.8B | $2.5B | $2.5B | $2.4B |
| Other intangibles | $1.1B | $1.6B | $1.7B | $1.8B |
| Deferred Income Tax Assets, Net | $8.2M | $6.3M | $7.9M | $6.7M |
| Assets for Plan Benefits, Defined Benefit Plan | $106.4M | $91.2M | $38.5M | — |
| Other assets | $165.4M | $200.4M | $204.1M | $212.5M |
| Disposal Group, Including Discontinued Operation, Assets, Noncurrent | $0 | — | — | — |
| Total Assets | $6.3B | $7.3B | $6.9B | $6.9B |
| Long-Term Debt, Current Maturities | $44.4M | $43.9M | $44.8M | $45.6M |
| Accounts payable | $206.7M | $208.9M | $227.1M | $271.4M |
| Accrued expenses | $574.8M | $576.5M | $579.2M | $671.3M |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $242.3M | — | — | — |
| Total current liabilities | $1.1B | $829.3M | $851.1M | $988.3M |
| Long-term debt | $2.1B | $2.4B | $2.4B | $2.7B |
| Deferred Tax and Other Liabilities, Noncurrent | $156.7M | $252.1M | $216.1M | $220.2M |
| Liability, Defined Benefit Pension Plan, Noncurrent | $7.6M | $9.6M | $12.1M | $14.9M |
| Other non-current liabilities | $177.8M | $202.6M | $197.1M | $176.9M |
| Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent | $0 | — | — | — |
| Preferred Stock, Value, Issued | $0 | — | — | — |
| Common Stock, Value, Issued | $153.0K | $148.0K | $148.0K | $147.0K |
| Paid-in capital | $602.8M | $520.2M | $479.2M | $408.4M |
| Treasury Stock, Value | $1.7B | $940.7M | $906.0M | $831.2M |
| Retained earnings | $4.1B | $4.3B | $3.9B | $3.5B |
| Accumulated other comprehensive loss | ($141.9M) | ($269.4M) | ($223.2M) | ($278.5M) |
| Total stockholders' equity | $2.8B | $3.6B | $3.2B | $2.8B |
| Total liabilities and stockholders' equity | $6.3B | $7.3B | $6.9B | $6.9B |
| Line item | Jul 4, 2026 | Apr 4, 2026 | Sep 27, 2025 | Jun 28, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $159.2M | $177.1M | $175.1M | $511.5M |
| Accounts receivable, net of allowances for credit losses of $24,829 and $25,001 | $601.2M | $608.0M | $673.9M | $665.8M |
| Inventories, net | $737.6M | $728.4M | $919.6M | $888.7M |
| Prepaid expenses and other | $111.2M | $97.8M | $139.0M | $134.2M |
| Prepaid Taxes | $22.8M | $25.7M | $61.8M | $59.4M |
| Disposal Group, Including Discontinued Operation, Assets, Current | $11.8M | $10.9M | — | — |
| Total current assets | $1.6B | $1.6B | $2.0B | $2.3B |
| Property, plant and equipment, net of accumulated depreciation of $335,984 and $311,226 | $423.1M | $425.0M | $577.9M | $570.4M |
| Goodwill | $1.8B | $1.8B | $2.0B | $2.6B |
| Other intangibles, net of accumulated amortization of $585,437 and $564,224 | $1.0B | $1.0B | $1.5B | $1.6B |
| Long-term deferred tax assets | $6.7M | $7.4M | $6.9M | $6.8M |
| Assets for Plan Benefits, Defined Benefit Plan | $112.2M | $107.8M | $104.2M | $104.6M |
| Equity Method Investments | $109.7M | $155.3M | — | — |
| Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent | $86.9M | $84.2M | — | — |
| Other assets | $152.9M | $155.5M | $200.5M | $188.2M |
| Total assets | $5.4B | $5.4B | $6.4B | $7.3B |
| Current maturities of long-term debt | $44.1M | $44.2M | $42.1M | $44.0M |
| Accounts payable | $224.3M | $215.4M | $257.9M | $235.7M |
| Accrued expenses | $549.4M | $571.1M | $651.5M | $601.0M |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $9.5M | $8.2M | — | — |
| Total current liabilities | $827.3M | $838.8M | $951.6M | $880.8M |
| Long-term debt | $1.9B | $1.8B | $2.0B | $2.3B |
| Deferred Income Tax Liabilities, Net | $212.2M | $195.3M | $229.7M | $303.4M |
| Liability, Defined Benefit Pension Plan, Noncurrent | $7.3M | $7.5M | $9.0M | $9.2M |
| Other non-current liabilities | $168.5M | $175.6M | $201.6M | $188.2M |
| Preferred stock, $0.01 par value; nonvoting; 2,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; 65,119,985 and 64,964,586 shares issued | 153.0K | 153.0K | 153.0K | 148.0K |
| Cumulative Effect Period of Adoption ASU 2020-06, Paid-in capital | $618.8M | $611.0M | $596.7M | $528.9M |
| Treasury stock, at cost; 19,897,564 and 16,041,990 shares | -2.3B | -2.1B | -1.5B | -1.3B |
| Cumulative Effect Period of Adoptions ASU 2020-06, Retained earnings | $4.1B | $4.0B | $4.0B | $4.5B |
| Accumulated other comprehensive loss | ($147.5M) | ($126.6M) | ($149.3M) | ($123.3M) |
| Total stockholders' equity | $2.2B | $2.4B | $2.9B | $3.6B |
| Total liabilities and stockholders' equity | $5.4B | $5.4B | $6.4B | $7.3B |
| Line item | Jan 3, 2026 · FY | Dec 28, 2024 · FY | Dec 30, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income (Loss) | ($277.7M) | $428.4M | $400.9M | $436.6M |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($645.0M) | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $367.3M | — | — | — |
| Depreciation and amortization | $105.3M | $127.2M | $132.6M | $138.1M |
| Non-cash share-based compensation | $13.5M | $36.2M | $51.0M | $58.4M |
| Deferred income taxes | $70.1M | $35.9M | ($2.4M) | ($6.6M) |
| Net Periodic Benefit Cost, Other Components | ($6.3M) | ($14.9M) | ($9.1M) | ($42.7M) |
| Gain on sale of plant | $0 | ($1.1M) | $0 | $0 |
| Impairments | $10.6M | $38.6M | $78.1M | $0 |
| Other Noncash Income (Expense) | ($125.0K) | $645.0K | $1.5M | ($12.1M) |
| Accounts receivable, net | ($14.5M) | $12.0M | ($4.6M) | ($28.4M) |
| Inventories, net | $3.1M | $95.4M | $157.9M | ($196.3M) |
| Prepaid expenses and other assets | ($5.6M) | ($45.5M) | ($17.1M) | ($5.2M) |
| Accounts payable | $18.1M | ($21.9M) | ($49.4M) | ($47.7M) |
| Accrued expenses and other liabilities | $3.2M | ($4.1M) | ($110.7M) | $38.7M |
| Net cash provided by operating activities - continuing operations | $564.6M | — | — | — |
| Net cash provided by operating activities - discontinued operations | $65.6M | — | — | — |
| Net cash provided by operating activities | $630.2M | $686.8M | $628.8M | $332.6M |
| Additions to property and equipment | ($70.7M) | ($49.3M) | ($85.2M) | ($67.3M) |
| Proceeds from Sale of Property Held-for-sale | $0 | $2.5M | $0 | $0 |
| Payments to Acquire Intangible Assets | ($1.1M) | ($80.0K) | ($1.8M) | ($2.2M) |
| Payments to Acquire Businesses, Net of Cash Acquired | ($32.0M) | ($111.7M) | ($68.8M) | ($278.8M) |
| Cash Provided by (Used in) Investing Activity, Continuing Operation | ($103.8M) | — | — | — |
| Cash Provided by (Used in) Investing Activity, Discontinued Operation | ($23.1M) | — | — | — |
| Net cash (used in) investing activities | ($126.9M) | ($158.5M) | ($155.7M) | ($348.3M) |
| Proceeds from Credit Facility | $1.1B | $0 | $640.2M | $1.9B |
| Repayments under Credit Facility | ($607.3M) | ($32.8M) | ($948.5M) | ($1.6B) |
| Payment of principal upon maturity of Convertible Notes | ($744.5M) | — | — | — |
| Proceeds from foreign loans | $23.2M | — | — | — |
| Repayments of foreign loans | ($2.1M) | — | — | — |
| Payments of deferred purchase price | ($20.1M) | ($3.9M) | ($7.7M) | ($7.9M) |
| Repurchase of treasury stock | ($723.6M) | ($34.7M) | ($74.6M) | ($264.8M) |
| Debt issuance costs on Credit Facility | ($3.2M) | — | $0 | $0 |
| Proceeds from (Payment for) Other Financing Activity | $187.0K | ($224.0K) | ($211.0K) | ($287.0K) |
| Net cash (used in) provided by financing activities | ($970.9M) | ($73.8M) | ($390.9M) | $7.6M |
| Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation | $22.5M | ($12.5M) | $3.4M | ($10.2M) |
| Net (decrease) increase in cash and cash equivalents | ($445.1M) | $442.0M | $85.5M | ($18.4M) |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation | $244.4M | — | — | — |
| Stock Issued During Period, Value, Acquisitions | $0 | $4.8M | $19.8M | $0 |
| Line item | Jul 4, 2026 · YTD | Apr 4, 2026 · Q1 | Sep 27, 2025 · YTD | Jun 28, 2025 · YTD |
|---|---|---|---|---|
| Net earnings | $4.7M | ($50.1M) | ($314.7M) | $198.3M |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($134.8M) | ($135.4M) | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $139.5M | $85.3M | — | — |
| Depreciation and amortization expense | $51.2M | $25.5M | $97.2M | $64.3M |
| Non-cash share-based compensation | $17.3M | $10.1M | $8.6M | $8.7M |
| Deferred income taxes | $26.6M | $6.9M | ($32.2M) | $40.6M |
| Net periodic pension benefit | ($4.9M) | ($2.4M) | ($4.7M) | ($3.1M) |
| Equity in losses of affiliate, net of tax | $28.9M | — | — | — |
| Changes in fair value of note receivable | ($4.5M) | — | — | — |
| Other non-cash items | $627.0K | $631.0K | ($132.0K) | ($134.0K) |
| Accounts receivable, net | ($32.2M) | ($38.3M) | ($1.1M) | ($5.6M) |
| Inventories, net | ($51.7M) | ($40.6M) | ($32.9M) | ($21.4M) |
| Prepaid expenses and other assets | $38.4M | $27.1M | ($26.7M) | ($20.7M) |
| Accounts payable | $19.8M | $10.6M | $28.6M | $17.7M |
| Accrued expenses and other liabilities | ($41.6M) | $3.2M | $8.4M | ($15.6M) |
| Cash Provided by (Used in) Operating Activity, Continuing Operation | $187.5M | $87.8M | — | — |
| Cash Provided by (Used in) Operating Activity, Discontinued Operation | ($24.2M) | ($22.2M) | — | — |
| Net cash provided by operating activities | $163.3M | $65.6M | $439.5M | $263.1M |
| Additions to property and equipment | ($18.6M) | ($7.9M) | ($74.9M) | ($54.7M) |
| Payments to Acquire Intangible Assets | $0 | $0 | ($1.1M) | ($1.1M) |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | $564.6M | $564.6M | — | — |
| Acquisitions, net of cash acquired | ($1.1M) | ($109.0K) | ($34.5M) | ($3.5M) |
| Cash Provided by (Used in) Investing Activity, Continuing Operation | $544.9M | $556.5M | — | — |
| Cash Provided by (Used in) Investing Activity, Discontinued Operation | ($1.6M) | ($1.6M) | — | — |
| Net cash (used in) investing activities | $543.3M | $555.0M | ($110.6M) | ($59.3M) |
| Proceeds from Credit Facility | $740.0M | $430.0M | $865.5M | — |
| Proceeds from Midera Credit Facility | $228.0M | — | — | — |
| Repayments under Credit Facility | $1.2B | $727.8M | $449.3M | $21.9M |
| Repayments of foreign loans | ($2.2M) | ($905.0K) | ($1.4M) | ($744.0K) |
| Payments of deferred purchase price | ($12.4M) | ($11.2M) | ($19.0M) | ($15.0M) |
| Repurchase of treasury stock | ($581.9M) | ($374.8M) | ($514.3M) | ($365.7M) |
| Other, net | $0 | $0 | $187.0K | ($116.0K) |
| Net cash (used in) provided by financing activities | ($787.5M) | ($684.7M) | ($866.0M) | ($403.5M) |
| Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Discontinued Operation | ($3.6M) | ($2.5M) | $22.7M | $21.5M |
| Net (decrease) increase in cash and cash equivalents | ($84.4M) | ($66.7M) | ($514.4M) | ($178.0M) |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation, Beginning Balance | $244.4M | $244.4M | — | — |
| Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation, Ending Balance | $160.1M | $177.8M | — | — |
| Noncash or Part Noncash Divestiture, Amount of Consideration Received | $233.2M | $233.2M | — | — |
Middleby Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.