The Middleby Corporation
MIDDFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/28/2024
Revenue
3,875
Cost of Revenue
2,405
Gross Profit
1,470
Gross Margin
37.9%
Operating Income
656
Operating Margin
16.9%
Net Income
428
Net Margin
11.1%
EPS (Basic)
$7.97
EPS (Diluted)
$7.90
EBITDA
797
EBITDA Margin
20.6%
2023
12/31/2023
Revenue
4,037
Cost of Revenue
2,503
Gross Profit
1,534
Gross Margin
38.0%
Operating Income
635
Operating Margin
15.7%
Net Income
401
Net Margin
9.9%
EPS (Basic)
$7.48
EPS (Diluted)
$7.41
EBITDA
797
EBITDA Margin
19.8%
2022
12/31/2022
Revenue
4,033
Cost of Revenue
2,586
Gross Profit
1,447
Gross Margin
35.9%
Operating Income
640
Operating Margin
15.9%
Net Income
437
Net Margin
10.8%
EPS (Basic)
$8.07
EPS (Diluted)
$7.95
EBITDA
791
EBITDA Margin
19.6%
2021
12/31/2021
Revenue
3,251
Cost of Revenue
2,056
Gross Profit
1,195
Gross Margin
36.8%
Operating Income
630
Operating Margin
19.4%
Net Income
488
Net Margin
15.0%
EPS (Basic)
$8.85
EPS (Diluted)
$8.62
EBITDA
802
EBITDA Margin
24.7%
2020
12/31/2020
Revenue
2,513
Cost of Revenue
1,631
Gross Profit
882
Gross Margin
35.1%
Operating Income
324
Operating Margin
12.9%
Net Income
207
Net Margin
8.2%
EPS (Basic)
$3.76
EPS (Diluted)
$3.76
EBITDA
439
EBITDA Margin
17.5%