# THE MIDDLEBY CORPORATION (MIDD) · Edgar & Edgarette company card

> The Middleby (MIDD) grew revenue 1.6% in FY2026 to $3.2 billion, operating margin 18.0% against a 9.7% median for refrigeration & service industry machinery, equity 44.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 769520 · fiscal year ended 2026-01-03 · 5 audited years read · [page](https://www.pops4.com/boards/company/MIDD) · [JSON](https://www.pops4.com/boards/company/MIDD.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.2B |
| Revenue growth, 1 year | 1.6% |
| Revenue growth per year | -0.4% |
| Operating margin | 18.0% (prior year 20.4%) |
| Net margin | -8.7% |
| Operating cash flow | $630M |
| Capital spending | $71M |
| Free cash flow | $559M |
| Cash | $222M |
| Long-term debt | $2.2B |
| Total assets | $6.3B |
| Total equity | $2.8B |
| Equity ÷ assets | 44.0% |
| Return on equity | -10.0% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 5.27 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -3.22 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $3.2B (FY2026), total debt $2.2B. Experience: revenue up 1.6% on the year, down 0.4% a year over 4 years; operating margin 18.0%, down from 20.4%. Soundness: equity 44.0% of assets, return on equity -10.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.4B and $3.8B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.0B to $4.6B. A statistical range, not company guidance. Against peers (108 filers, $50M+ revenue, its industry group): operating margin 18.0% against a 9.7% median; growth 1.6% against 5.8%.

Range logged 2026-09-28, receipt 2a3c78ffcffd722e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 5, latest 2026-07-06 ([filing](https://www.sec.gov/Archives/edgar/data/769520/000119312526295648/0001193125-26-295648-index.htm))

## Recent filings

- 8-K · filed 2026-09-10 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/769520/000110465926106538/0001104659-26-106538-index.htm)
- 8-K · filed 2026-09-09 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/769520/000110465926106313/0001104659-26-106313-index.htm)
- 10-Q · filed 2026-08-13 · [filing](https://www.sec.gov/Archives/edgar/data/769520/000076952026000047/0000769520-26-000047-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/769520/000076952026000044/0000769520-26-000044-index.htm)
- 8-K · filed 2026-07-06 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/769520/000119312526295648/0001193125-26-295648-index.htm)
- 8-K · filed 2026-06-29 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/769520/000119312526288597/0001193125-26-288597-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000769520.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=769520

## Cite

POPS4, Edgar & Edgarette: THE MIDDLEBY CORPORATION (MIDD) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/MIDD. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.