Middleby (MIDD) Gross Margin (2009 - 2026)
Middleby (MIDD) posted quarterly Gross Margin of 38.81% for Q1 2026, down 117.0% year-over-year from 228.27% in Q1 2025, and up 2.05% quarter-over-quarter from 38.03% in Q3 2025.
Middleby (MIDD) Gross Margin (2009 - 2026) Analysis & Trends
Middleby (MIDD) has reported Gross Margin for 18 consecutive years, with 38.81% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 117.0% year-over-year to 38.81%; the TTM figure through Jan 2026 stood at 39.11% (down 63.0% YoY), while the FY2026 annual figure was 39.11%, down 63.0% from the prior year.
- Gross Margin improved to 38.81% in Q1 2026 per MIDD's latest filing, from 38.03% in the prior quarter.
- Across five years, Gross Margin topped out at 63.9% in Q4 2023 and bottomed at 33.23% in Q2 2022.
- Historically, Gross Margin has averaged 39.78% across 5 years, with a median of 38.54% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin soared 2609 bps — and 2024, when it slumped 2392 bps.
- Middleby's Gross Margin stood at 37.81% in 2022, then surged by 69 bps to 63.9% in 2023, then slumped by 37 bps to 39.98% in 2024, then retreated by 5 bps to 38.03% in 2025, then increased by 2 bps to 38.81% in 2026.
- Business Quant data shows MIDD's Gross Margin at 38.81% in Q1 2026, 38.03% in Q3 2025, and 39.67% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 21.25% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 33.47% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 36.77% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 54.48% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 26.07% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 44.13% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 35.95% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 49.46% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 42.10% |
| 10 | Middleby | 5.10 Bn | 4.94 Bn | 335.08 Mn | 38.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 38.27% |
| 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% |