138.00
+1.10%
Close of 9 Nov 2026, in USD
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About Middleby
From its filings with the US Securities and Exchange Commission
Middleby is based in Elgin, Illinois and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker MIDD. The SEC classifies its business as refrigeration & service industry machinery. In the fiscal year to 3 January 2026, it reported revenue of $3.20bn and a net loss of $277.7m. At that date it held total assets of $6.32bn and shareholders' equity of $2.78bn. By business, Commercial Foodservice Equipment Group brought in 73.4% of revenue, followed by Food Processing Group at 26.6%. By region, United States And Canada accounted for 67.5%, followed by Europe And Middle East at 19.7% and Asia at 7.8%.
The Middleby Corporation, a Delaware corporation (“Middleby” or the “company”), through its operating subsidiary Middleby Marshall Inc., a Delaware corporation (“Middleby Marshall”) and its subsidiaries, is a leader in the design, manufacture, marketing, distribution, and service of a broad line of (i) foodservice equipment, integrated IoT solutions and universal controllers used in all types of commercial restaurants and institutional kitchens and (ii) food preparation, cooking, baking, chilling and packaging equipment for food processing operations.
Founded in 1888 as a manufacturer of baking ovens, Middleby Marshall Oven Company was acquired in 1983 by TMC Industries Ltd., a publicly traded company that changed its name in 1985 to The Middleby Corporation. The company has established itself as a leading provider of (i) commercial restaurant equipment and (ii) food processing equipment as a result of its acquisition of industry leading brands and through the introduction of innovative products.
On December 4, 2025, the company entered into a partnership interest purchase agreement to sell a 51% stake in its Residential Kitchen Equipment Group to an affiliate of 26North Partners LP in a transaction valuing the business at $885 million (the “Residential Transaction”).
Quoted from its 10-K, filed 4 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 10 Aug 1987
- Employees
- 8,826
- Website
- middleby.com ↗
- Head office
- 1400 TOASTMASTER DRIVE, ELGIN, IL, 60120
- Incorporated in
- DE
- Classification
- Refrigeration & Service Industry Machinery
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Gordon O'BrienIndependent Chairman of the Board$310,626
- Mr. Timothy FitzgeraldChief Executive Officer, Director, since 2003$7.5m
- Mr. Bryan MittelmanChief Financial Officer$2.6m
- Mr. James PoolChief Technology and Operations Officer$3.3m
- Mr. Steven SpittleChief Compliance Officer$3.3m
- Mr. Matthew FuchsenChief Development Officer$1.9m
- Ms. Julie BowermanIndependent Director
- Ms. Sarah ChapinIndependent Director$307,501
- Mr. Edward GardenIndependent Director
- Ms. Cathy MccarthyIndependent Director$307,501
- Mr. Robert NerbonneIndependent Director$282,501
- Mr. Stephen SchergerIndependent Director$295,001
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 71
- Environment
- 56
- Social
- 69
- Governance
- 87
- Direct emissions (scope 1)
- 89,986 t
- Energy emissions (scope 2)
- 26,463 t
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Middleby Corp is a leading provider of commercial foodservice equipment with a strong market position.
- The company has a diverse product portfolio offering a wide range of innovative and high-quality equipment for various foodservice segments.
- Middleby Corp has a global presence and serves customers in over 100 countries, providing it with a broad market reach.
- The company has a strong emphasis on research and development, continuously introducing new technologies and products to meet evolving customer needs.
Weaknesses
- Middleby Corp may face challenges related to pricing pressures from competitors in the highly competitive foodservice equipment industry.
- The company's heavy reliance on sales to the commercial foodservice industry exposes it to fluctuations in the overall economic climate.
- There may be a risk of customer concentration as Middleby Corp derives a significant portion of its revenue from a few key customers.
Opportunities
- Middleby Corp can capitalize on the growing demand for automation and efficiency in commercial kitchens, offering innovative solutions to improve productivity.
- Expansion into emerging markets, where the foodservice industry is experiencing rapid growth, presents opportunities for Middleby Corp to increase its market share.
- The trend towards healthier eating habits and increased focus on sustainability provides opportunities for Middleby Corp to develop and market eco-friendly equipment.
Threats
- Middleby Corp may face challenges from the potential entry of new competitors in the foodservice equipment market, intensifying competition.
- Economic downturns or recessions could reduce the spending power of Middleby Corp's customers, impacting their investments in new equipment.
- Changes in regulations and certifications related to food safety and environmental standards may require Middleby Corp to make significant investments and adjustments.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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