Middleby (MIDD) Operating Expenses (2009 - 2026)
Middleby (MIDD) reported 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 18 years of Operating Expenses data on file, last reported at $38.8 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $38.8 million, up 1108.76% year-over-year; the trailing twelve-month figure through Jan 2026 was $666.4 million (up 11.38% YoY), and the FY2026 annual result was $666.4 million, up 1.9% from the prior year.
- Operating Expenses eased to $38.8 million in Q1 2026 per MIDD's latest filing, from $206.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $280.8 million in Q1 2022 and troughed at $2.6 million in Q4 2023.
- A 5-year average of $175.4 million and a median of $203.9 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses tumbled 98.71% in 2023, then surged 1108.76% in 2026.
- A 5-year view of Operating Expenses shows it stood at $202.0 million in 2022, then plunged by 98.71% to $2.6 million in 2023, then climbed by 23.02% to $3.2 million in 2024, then soared by 6339.15% to $206.4 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 1.60 Bn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | - |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 492.23 Mn |
| 10 | Middleby | 7.73 Bn | 7.51 Bn | 336.22 Mn | 38.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 3, 2021 | 155.75 Mn |