Middleby (MIDD) Operating Expenses (2009 - 2026)
Middleby (MIDD) posted quarterly Operating Expenses of $38.8 million for Q1 2026, up 1108.76% year-over-year from $3.2 million in Q1 2025, and down 81.23% quarter-over-quarter from $206.4 million in Q3 2025.
Middleby (MIDD) Operating Expenses (2009 - 2026) Analysis & Trends
Middleby (MIDD) has reported Operating Expenses for 18 consecutive years, with $38.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 1108.76% year-over-year to $38.8 million; the TTM figure through Jan 2026 stood at $666.4 million (up 11.38% YoY), while the FY2026 annual figure was $666.4 million, up 11.38% from the prior year.
- Operating Expenses retreated to $38.8 million in Q1 2026 per MIDD's latest filing, from $206.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $280.8 million in Q1 2022 and bottomed at $2.6 million in Q4 2023.
- Historically, Operating Expenses has averaged $175.4 million across 5 years, with a median of $203.9 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses tumbled 98.71% — and 2026, when it surged 1108.76%.
- Middleby's Operating Expenses stood at $202.0 million in 2022, then sank by 98.71% to $2.6 million in 2023, then grew by 23.02% to $3.2 million in 2024, then jumped by 6339.15% to $206.4 million in 2025, then slumped by 81.23% to $38.8 million in 2026.
- Business Quant data shows MIDD's Operating Expenses at $38.8 million in Q1 2026, $206.4 million in Q3 2025, and $215.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 1.34 Bn |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 1.28 Bn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 1.52 Bn |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 663.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 400.80 Mn |
| 10 | Middleby | 5.10 Bn | 4.94 Bn | 335.08 Mn | 187.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 4, 2026 | 187.33 Mn |
| Jan 3, 2026 | 38.75 Mn |
| Sep 27, 2025 | 206.44 Mn |
| Jun 28, 2025 | 215.90 Mn |
| Mar 29, 2025 | 205.34 Mn |
| Dec 28, 2024 | 3.21 Mn |
| Sep 28, 2024 | 182.00 Mn |
| Jun 29, 2024 | 203.93 Mn |
| Mar 30, 2024 | 209.23 Mn |
| Dec 30, 2023 | 2.61 Mn |
| Sep 30, 2023 | 200.88 Mn |
| Jul 1, 2023 | 208.47 Mn |
| Apr 1, 2023 | 217.71 Mn |
| Dec 31, 2022 | 201.96 Mn |
| Oct 1, 2022 | 203.53 Mn |
| Jul 2, 2022 | 193.52 Mn |
| Apr 2, 2022 | 207.95 Mn |
| Jan 1, 2022 | 280.77 Mn |
| Oct 2, 2021 | 176.15 Mn |
| Jul 3, 2021 | 166.72 Mn |