The Middleby Corporation
The Middleby Corporation designs, manufactures, markets, distributes, and services commercial restaurant, food processing, and residential kitchen equipment worldwide. Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induct… Read more
The Middleby Corporation (MBY) - Net Assets
Latest net assets as of September 2025: €2.94 Billion EUR
Based on the latest financial reports, The Middleby Corporation (MBY) has net assets worth €2.94 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€6.35 Billion) and total liabilities (€3.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.94 Billion |
| % of Total Assets | 46.23% |
| Annual Growth Rate | 13.71% |
| 5-Year Change | 84.07% |
| 10-Year Change | 211.82% |
| Growth Volatility | 6.86 |
The Middleby Corporation - Net Assets Trend (2014–2024)
This chart illustrates how The Middleby Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Middleby Corporation (2014–2024)
The table below shows the annual net assets of The Middleby Corporation from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.64 Billion | +11.96% |
| 2023-12-31 | €3.25 Billion | +16.16% |
| 2022-12-31 | €2.80 Billion | +12.17% |
| 2021-12-31 | €2.49 Billion | +26.19% |
| 2020-12-31 | €1.98 Billion | +1.53% |
| 2019-12-31 | €1.95 Billion | +16.91% |
| 2018-12-31 | €1.67 Billion | +22.34% |
| 2017-12-31 | €1.36 Billion | +7.57% |
| 2016-12-31 | €1.27 Billion | +8.44% |
| 2015-12-31 | €1.17 Billion | +15.90% |
| 2014-12-31 | €1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Middleby Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 368.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €4.33 Billion | 118.96% |
| Total Equity | €3.64 Billion | 100.00% |
The Middleby Corporation Competitors by Market Cap
The table below lists competitors of The Middleby Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SenseTime Group Inc.
PINK:SNTMF
|
$5.03 Billion |
|
Ufp Industries Inc
NASDAQ:UFPI
|
$5.03 Billion |
|
Swissquote Group Holding SA
SW:SQN
|
$5.04 Billion |
|
Hancock Whitney Corp
NASDAQ:HWC
|
$5.04 Billion |
|
Aisin Seiki Co Ltd
PINK:ASEKY
|
$5.03 Billion |
|
Kingboard Laminates Holdings Limited
PINK:KGBLY
|
$5.03 Billion |
|
Kokusai Electric Corporation
F:69B
|
$5.02 Billion |
|
OSRAM Licht AG
PINK:OSAGF
|
$5.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Middleby Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,249,889,000 to 3,638,431,000, a change of 388,542,000 (12.0%).
- Net income of 428,433,000 contributed positively to equity growth.
- Share repurchases of 34,660,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €428.43 Million | +11.78% |
| Share Repurchases | €34.66 Million | -0.95% |
| Other Changes | €-5.23 Million | -0.14% |
| Total Change | €- | 11.96% |
Book Value vs Market Value Analysis
This analysis compares The Middleby Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.82x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.04x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €24.42 | €123.00 | x |
| 2018-12-31 | €29.89 | €123.00 | x |
| 2019-12-31 | €34.65 | €123.00 | x |
| 2020-12-31 | €35.53 | €123.00 | x |
| 2021-12-31 | €44.84 | €123.00 | x |
| 2022-12-31 | €52.11 | €123.00 | x |
| 2023-12-31 | €60.63 | €123.00 | x |
| 2024-12-31 | €67.77 | €123.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Middleby Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.78%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.06%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.00x
- Recent ROE (11.78%) is below the historical average (16.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 19.20% | 11.81% | 0.79x | 2.05x | €92.64 Million |
| 2015 | 16.42% | 10.49% | 0.66x | 2.37x | €74.93 Million |
| 2016 | 22.46% | 12.53% | 0.78x | 2.31x | €157.68 Million |
| 2017 | 21.90% | 12.76% | 0.70x | 2.45x | €162.01 Million |
| 2018 | 19.05% | 11.65% | 0.60x | 2.73x | €150.63 Million |
| 2019 | 18.09% | 11.90% | 0.59x | 2.57x | €157.56 Million |
| 2020 | 10.49% | 8.25% | 0.48x | 2.63x | €9.63 Million |
| 2021 | 19.58% | 15.03% | 0.51x | 2.56x | €239.06 Million |
| 2022 | 15.60% | 10.83% | 0.59x | 2.46x | €156.79 Million |
| 2023 | 12.34% | 9.93% | 0.58x | 2.13x | €75.89 Million |
| 2024 | 11.78% | 11.06% | 0.53x | 2.00x | €64.59 Million |
Industry Comparison
This section compares The Middleby Corporation's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $7,657,119,913
- Average return on equity (ROE) among peers: -52.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Middleby Corporation (MBY) | €2.94 Billion | 19.20% | 1.16x | $5.03 Billion |
| 2G Energy AG (2GB) | $146.19 Million | 16.19% | 0.90x | $344.59 Million |
| Star Micronics Co., Ltd. (2ZN) | $74.43 Billion | 2.49% | 0.25x | $572.39 Million |
| Arcure S.A. (340) | $8.25 Million | 21.18% | 1.54x | $10.75 Million |
| Valtecne S.p.A. (71W) | $10.98 Million | 20.94% | 1.55x | $8.28 Million |
| ENGIE Eps S.A (8XE) | $2.34 Million | -626.68% | 17.75x | $26.43 Million |
| FlexQube AB (publ) (A1Y) | $69.33 Million | -10.19% | 1.22x | $6.98 Million |
| Aalberts N.V (AACA) | $1.51 Billion | 13.52% | 0.92x | $3.32 Billion |
| WALTER MEIER AG NAM. (B4A1) | $169.51 Million | 12.55% | 0.87x | $155.45 Million |
| Biesse S.p.A (BI2) | $214.81 Million | 1.18% | 2.06x | $46.21 Million |
| STIF Société anonyme (D08) | $6.01 Million | 28.52% | 1.88x | $562.72K |