Middleby Corp (MIDD) - Net Assets
Based on the latest financial reports, Middleby Corp (MIDD) has net assets worth $2.78 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.32 Billion) and total liabilities ($3.54 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 MIDD tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.78 Billion |
| % of Total Assets | 43.96% |
| 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. See MIDD defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Middleby Corp (1985–2025)
The table below shows the annual net assets of Middleby Corp from 1985 to 2025. For live valuation and market cap data, see Middleby Corp (MIDD) total market value.
| 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 |
|---|---|
|
NEW ORIENTAL EDU.+TECH.G.
F:N1U0
|
$7.26 Billion |
|
ASHTEAD UNSP.ADR/4 LS-10
F:0LCA
|
$7.26 Billion |
|
Zhejiang Crystal Optech Co Ltd
SHE:002273
|
$7.27 Billion |
|
New Oriental Education & Technology
NYSE:EDU
|
$7.28 Billion |
|
L&K Engineering Suzhou Co Ltd
SHG:603929
|
$7.25 Billion |
|
Bank of India
NSE:BANKINDIA
|
$7.24 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZC
|
$7.24 Billion |
|
FREEDOM HLDG DL-001
F:DMW2
|
$7.24 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: 3.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9886.20x to 3.07x 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 | $164.77 | x |
| 1986-12-31 | $0.01 | $164.77 | x |
| 1987-12-31 | $0.05 | $164.77 | x |
| 1988-12-31 | $0.16 | $164.77 | x |
| 1989-12-31 | $0.22 | $164.77 | x |
| 1990-12-31 | $0.19 | $164.77 | x |
| 1991-12-31 | $0.04 | $164.77 | x |
| 1992-12-31 | $0.00 | $164.77 | x |
| 1993-12-31 | $0.06 | $164.77 | x |
| 1994-12-31 | $0.14 | $164.77 | x |
| 1995-12-31 | $0.29 | $164.77 | x |
| 1996-12-31 | $0.38 | $164.77 | x |
| 1997-12-31 | $0.98 | $164.77 | x |
| 1998-12-31 | $0.69 | $164.77 | x |
| 1999-12-31 | $0.70 | $164.77 | x |
| 2000-12-31 | $0.62 | $164.77 | x |
| 2001-12-31 | $0.78 | $164.77 | x |
| 2002-12-31 | $0.81 | $164.77 | x |
| 2003-12-31 | $1.10 | $164.77 | x |
| 2004-12-31 | $0.12 | $164.77 | x |
| 2005-12-31 | $1.00 | $164.77 | x |
| 2006-12-31 | $2.03 | $164.77 | x |
| 2007-12-31 | $3.60 | $164.77 | x |
| 2008-12-31 | $4.46 | $164.77 | x |
| 2009-12-31 | $6.15 | $164.77 | x |
| 2010-12-31 | $7.72 | $164.77 | x |
| 2011-12-31 | $9.19 | $164.77 | x |
| 2012-12-31 | $11.86 | $164.77 | x |
| 2013-12-31 | $14.90 | $164.77 | x |
| 2014-12-31 | $17.73 | $164.77 | x |
| 2015-12-31 | $20.48 | $164.77 | x |
| 2016-12-31 | $22.17 | $164.77 | x |
| 2017-12-31 | $24.00 | $164.77 | x |
| 2018-12-31 | $29.95 | $164.77 | x |
| 2019-12-31 | $34.98 | $164.77 | x |
| 2020-12-31 | $35.85 | $164.77 | x |
| 2021-12-31 | $44.02 | $164.77 | x |
| 2022-12-31 | $50.92 | $164.77 | x |
| 2023-12-31 | $60.09 | $164.77 | x |
| 2024-12-31 | $67.12 | $164.77 | x |
| 2025-12-31 | $53.75 | $164.77 | 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: $818,144,197
- Average return on equity (ROE) among peers: 4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Middleby Corp (MIDD) | $2.78 Billion | 20.00% | 1.27x | $7.25 Billion |
| Ametek Inc (AME) | $4.24 Billion | 18.34% | 1.04x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $208.45 Million | -12.21% | 0.25x | $1.88 Billion |
| Smith AO Corporation (AOS) | $757.80 Million | 11.64% | 1.45x | $6.56 Billion |
| ATS Corporation (ATS) | $1.13 Billion | 11.27% | 2.13x | $2.75 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $-131.60 Million | 0.00% | 0.00x | $2.36 Billion |
| Broadwind Energy Inc (BWEN) | $40.66 Million | -3.66% | 1.94x | $50.81 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $284.97K | -40.84% | 5.01x | $9.49 Million |
| Cummins Inc (CMI) | $821.10 Million | 21.57% | 1.91x | $93.77 Billion |
| Crane Company (CR) | $568.10 Million | 20.17% | 1.07x | $10.47 Billion |
| CSW Industrials, Inc. (CSW) | $544.14 Million | 17.72% | 0.92x | $4.86 Billion |
About Middleby Corp
The Middleby Corporation designs, manufactures, markets, distributes, and services of commercial restaurant and food processing 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, induction, and countertop… Read more