Middleby Corp (MIDD) - Net Assets
Based on the latest financial reports, Middleby Corp (MIDD) has net assets worth $2.21 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.36 Billion) and total liabilities ($3.15 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. Check Middleby Corp (MIDD) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.21 Billion |
| % of Total Assets | 41.23% |
| Annual Growth Rate | 24.05% |
| 5-Year Change | 11.3% |
| 10-Year Change | 119.41% |
| Growth Volatility | 118.11 |
Middleby Corp - Net Assets Trend (1985–2025)
This chart illustrates how Middleby Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Middleby Corp market cap and net worth.
Annual Net Assets for Middleby Corp (1985–2025)
The table below shows the annual net assets of Middleby Corp from 1985 to 2025. Also explore MIDD net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.78 Billion | -23.70% |
| 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 | +20.09% |
| 2013-12-31 | $838.35 Million | +28.97% |
| 2012-12-31 | $650.03 Million | +27.21% |
| 2011-12-31 | $510.97 Million | +20.25% |
| 2010-12-31 | $424.91 Million | +24.01% |
| 2009-12-31 | $342.65 Million | +50.31% |
| 2008-12-31 | $227.96 Million | +24.63% |
| 2007-12-31 | $182.91 Million | +81.87% |
| 2006-12-31 | $100.57 Million | +107.37% |
| 2005-12-31 | $48.50 Million | +572.21% |
| 2004-12-31 | $7.21 Million | -88.38% |
| 2003-12-31 | $62.09 Million | +39.12% |
| 2002-12-31 | $44.63 Million | +6.41% |
| 2001-12-31 | $41.95 Million | +11.97% |
| 2000-12-31 | $37.46 Million | -13.28% |
| 1999-12-31 | $43.20 Million | -3.36% |
| 1998-12-31 | $44.70 Million | -18.28% |
| 1997-12-31 | $54.70 Million | +124.18% |
| 1996-12-31 | $24.40 Million | +41.86% |
| 1995-12-31 | $17.20 Million | +75.51% |
| 1994-12-31 | $9.80 Million | +108.51% |
| 1993-12-31 | $4.70 Million | +4.44% |
| 1992-12-31 | $4.50 Million | -22.41% |
| 1991-12-31 | $5.80 Million | -45.79% |
| 1990-12-31 | $10.70 Million | -4.46% |
| 1989-12-31 | $11.20 Million | +57.75% |
| 1988-12-31 | $7.10 Million | +222.73% |
| 1987-12-31 | $2.20 Million | +450.00% |
| 1986-12-31 | $400.00K | -20.00% |
| 1985-12-31 | $500.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Middleby Corp'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 406475600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.05 Billion | 145.90% |
| Common Stock | $153.00K | 0.01% |
| Other Comprehensive Income | $-141.86 Million | -5.11% |
| Total Equity | $2.78 Billion | 100.00% |
Middleby Corp Competitors by Market Cap
The table below lists competitors of Middleby Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coca-Cola Icecek AS
IS:CCOLA
|
$4.79 Billion |
|
Western Superconducting Tech Co Ltd
SHG:688122
|
$4.80 Billion |
|
One Gas Inc
NYSE:OGS
|
$4.80 Billion |
|
Vipshop Holdings Limited
F:1VPA
|
$4.80 Billion |
|
Caihong Display Devices Co Ltd
SHG:600707
|
$4.79 Billion |
|
SGHC Limited
NYSE:SGHC
|
$4.79 Billion |
|
Sonoco Products Company
NYSE:SON
|
$4.79 Billion |
|
Dyno Nobel Ltd
AU:DNL
|
$4.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Middleby Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,638,431,000 to 2,776,229,000, a change of -862,202,000 (-23.7%).
- Net loss of 277,731,000 reduced equity.
- Share repurchases of 723,613,000 reduced equity.
- Other comprehensive income increased equity by 127,526,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-277.73 Million | -10.0% |
| Share Repurchases | $723.61 Million | -26.06% |
| Other Comprehensive Income | $127.53 Million | +4.59% |
| Other Changes | $11.62 Million | +0.42% |
| Total Change | $- | -23.70% |
Book Value vs Market Value Analysis
This analysis compares Middleby Corp'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: 2.09x
- 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 6738.60x to 2.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.02 | $112.31 | x |
| 1986-12-31 | $0.01 | $112.31 | x |
| 1987-12-31 | $0.05 | $112.31 | x |
| 1988-12-31 | $0.16 | $112.31 | x |
| 1989-12-31 | $0.22 | $112.31 | x |
| 1990-12-31 | $0.19 | $112.31 | x |
| 1991-12-31 | $0.04 | $112.31 | x |
| 1992-12-31 | $0.00 | $112.31 | x |
| 1993-12-31 | $0.06 | $112.31 | x |
| 1994-12-31 | $0.14 | $112.31 | x |
| 1995-12-31 | $0.29 | $112.31 | x |
| 1996-12-31 | $0.38 | $112.31 | x |
| 1997-12-31 | $0.98 | $112.31 | x |
| 1998-12-31 | $0.69 | $112.31 | x |
| 1999-12-31 | $0.70 | $112.31 | x |
| 2000-12-31 | $0.62 | $112.31 | x |
| 2001-12-31 | $0.78 | $112.31 | x |
| 2002-12-31 | $0.81 | $112.31 | x |
| 2003-12-31 | $1.10 | $112.31 | x |
| 2004-12-31 | $0.12 | $112.31 | x |
| 2005-12-31 | $1.00 | $112.31 | x |
| 2006-12-31 | $2.03 | $112.31 | x |
| 2007-12-31 | $3.60 | $112.31 | x |
| 2008-12-31 | $4.46 | $112.31 | x |
| 2009-12-31 | $6.15 | $112.31 | x |
| 2010-12-31 | $7.72 | $112.31 | x |
| 2011-12-31 | $9.19 | $112.31 | x |
| 2012-12-31 | $11.86 | $112.31 | x |
| 2013-12-31 | $14.90 | $112.31 | x |
| 2014-12-31 | $17.73 | $112.31 | x |
| 2015-12-31 | $20.48 | $112.31 | x |
| 2016-12-31 | $22.17 | $112.31 | x |
| 2017-12-31 | $24.00 | $112.31 | x |
| 2018-12-31 | $29.95 | $112.31 | x |
| 2019-12-31 | $34.98 | $112.31 | x |
| 2020-12-31 | $35.85 | $112.31 | x |
| 2021-12-31 | $44.02 | $112.31 | x |
| 2022-12-31 | $50.92 | $112.31 | x |
| 2023-12-31 | $60.09 | $112.31 | x |
| 2024-12-31 | $67.12 | $112.31 | x |
| 2025-12-31 | $53.75 | $112.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Middleby Corp 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): -10.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.68%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.27x
- Recent ROE (-10.00%) is above the historical average (-35.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 20.00% | 0.36% | 1.15x | 48.40x | $50.00K |
| 1986 | -275.00% | -4.47% | 1.11x | 55.25x | $-1.14 Million |
| 1987 | 27.27% | 2.06% | 1.41x | 9.41x | $380.00K |
| 1988 | 59.15% | 12.28% | 1.50x | 3.21x | $3.49 Million |
| 1989 | 5.36% | 0.83% | 0.69x | 9.32x | $-520.00K |
| 1990 | -10.31% | -0.88% | 1.21x | 9.62x | $-1.97 Million |
| 1991 | -375.00% | -7.28% | 1.14x | 45.05x | $-7.70 Million |
| 1992 | -1900.00% | -1.73% | 1.32x | 833.00x | $-1.91 Million |
| 1993 | 106.25% | 2.80% | 1.66x | 22.88x | $3.08 Million |
| 1994 | 38.75% | 2.38% | 1.70x | 9.58x | $2.30 Million |
| 1995 | 22.73% | 2.51% | 1.66x | 5.45x | $1.96 Million |
| 1996 | 2.22% | 0.40% | 1.45x | 3.82x | $-1.75 Million |
| 1997 | 9.89% | 3.51% | 1.43x | 1.97x | $-60.00K |
| 1998 | -8.95% | -3.02% | 1.37x | 2.16x | $-8.47 Million |
| 1999 | -2.31% | -0.75% | 1.34x | 2.29x | $-5.32 Million |
| 2000 | 10.70% | 3.16% | 1.62x | 2.09x | $261.90K |
| 2001 | 3.90% | 1.61% | 0.51x | 4.78x | $-2.56 Million |
| 2002 | 38.38% | 7.48% | 1.10x | 4.66x | $12.67 Million |
| 2003 | 30.11% | 7.94% | 1.21x | 3.13x | $12.49 Million |
| 2004 | 326.93% | 8.70% | 1.29x | 29.06x | $22.87 Million |
| 2005 | 66.35% | 10.16% | 1.20x | 5.44x | $27.33 Million |
| 2006 | 42.14% | 10.51% | 1.41x | 2.83x | $32.32 Million |
| 2007 | 28.76% | 10.51% | 1.22x | 2.25x | $34.32 Million |
| 2008 | 28.03% | 9.80% | 1.00x | 2.87x | $41.10 Million |
| 2009 | 17.85% | 9.46% | 0.79x | 2.38x | $26.89 Million |
| 2010 | 17.15% | 10.13% | 0.82x | 2.05x | $30.38 Million |
| 2011 | 18.68% | 11.15% | 0.75x | 2.24x | $44.38 Million |
| 2012 | 18.57% | 11.63% | 0.83x | 1.91x | $55.69 Million |
| 2013 | 18.36% | 10.77% | 0.79x | 2.17x | $70.09 Million |
| 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 |
| 2025 | -10.00% | -8.68% | 0.51x | 2.27x | $-555.35 Million |
Industry Comparison
This section compares Middleby Corp's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $597,852,398
- Average return on equity (ROE) among peers: 11.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Middleby Corp (MIDD) | $2.21 Billion | 20.00% | 1.43x | $4.79 Billion |
| Ametek Inc (AME) | $210.30 Million | 21.11% | 1.83x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $240.94 Million | -7.30% | 0.03x | $1.35 Billion |
| Smith AO Corporation (AOS) | $401.09 Million | 11.09% | 0.91x | $6.45 Billion |
| ATS Corporation (ATS) | $531.17 Million | -0.42% | 0.37x | $1.86 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $58.62 Million | 52.70% | 14.58x | $1.01 Billion |
| Broadwind Energy Inc (BWEN) | $-5.31 Million | 0.00% | 0.00x | $50.81 Million |
| Capstone Energy Plus, Inc. Common Stock (CEPL) | $-787.00K | 0.00% | 0.00x | $188.44 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $-5.25 Million | 0.00% | 0.00x | $11.92 Million |
| Cummins Inc (CMI) | $3.48 Billion | 21.70% | 1.45x | $72.79 Billion |
| Crane Company (CR) | $1.07 Billion | 18.04% | 2.23x | $10.47 Billion |
About Middleby Corp
The Middleby Corporation operates in the foodservice industry worldwide. The company develops and manufactures a line of solutions used in commercial foodservice and food processing. It offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction, and countertop cooking equip… Read more