Middleby (MIDD) Gross Margin (2009 - 2026)
Middleby's (MIDD) quarterly Gross Margin came in at 38.81% in Q1 2026, down 117.0% year-on-year from 228.27% in Q1 2025, and up 2.05% on a QoQ basis from 38.03% in Q3 2025.
Middleby (MIDD) Gross Margin (2009 - 2026) Analysis & Trends
Middleby (MIDD) has 18 years of Gross Margin data on file, last reported at 38.81% in Q1 2026.
- On a quarterly basis, Gross Margin fell 117.0% year-over-year to 38.81% in Q1 2026; TTM through Jan 2026 was 39.11%, a 63.0% decrease from a year earlier, with the FY2026 full-year figure at 39.11%, down 63.0% from the prior year.
- Gross Margin for Q1 2026 stood at 38.81%, up from 38.03% in the prior quarter.
- Over the last five years, Gross Margin for MIDD reached as high as 63.9% in Q4 2023 and fell as low as 33.23% in Q2 2022.
- Historically, Gross Margin has averaged 39.78% across 5 years, with a median of 38.54% in 2023.
- Across the five-year window, Gross Margin jumped 2609 bps in 2023 and plunged 2392 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 37.81% in 2022, then jumped by 69 bps to 63.9% in 2023, then slumped by 37 bps to 39.98% in 2024, then slipped by 5 bps to 38.03% in 2025, then gained by 2 bps to 38.81% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 38.81% in Q1 2026, 38.03% in Q3 2025, and 39.67% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 50.25% |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 42.90% |
| 10 | Middleby | 6.92 Bn | 6.70 Bn | 336.22 Mn | 38.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 3, 2026 | 38.81% |
| Sep 27, 2025 | 38.03% |
| Jun 28, 2025 | 39.67% |
| Mar 29, 2025 | 40.05% |
| Dec 28, 2024 | 39.98% |
| Sep 28, 2024 | 39.32% |
| Jun 29, 2024 | 40.39% |
| Mar 30, 2024 | 39.20% |
| Dec 30, 2023 | 63.90% |
| Sep 30, 2023 | 38.27% |
| Jul 1, 2023 | 37.81% |
| Apr 1, 2023 | 37.60% |
| Dec 31, 2022 | 37.81% |
| Oct 1, 2022 | 36.79% |
| Jul 2, 2022 | 35.59% |
| Apr 2, 2022 | 33.23% |
| Oct 2, 2021 | 36.65% |
| Jul 3, 2021 | 37.55% |
| Apr 3, 2021 | 36.39% |
| Jan 2, 2021 | 35.10% |