The Middleby Corporation

MIDDNASDAQIndustrials● Active

$157.54

+$2.61(+1.68%)

Market Cap$7.1B

P/E Ratio—

52W High$169.44

52W Low$110.82

Avg Volume585K

Open$154.99

Beta1.35

Overview

The Middleby Corporation (MIDD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MIDD · free cash flow · updated Jun 8, 2026

Core FCF metrics

MIDD · FCF · TTM · margin & CAGR

Free cash flow was $558.4M for FY2026 (fiscal year ending 2026-01-03), down 12.4% year-over-year The FCF margin was 17.4%. Five-year CAGR stands at +3.0%.

FY2026 Free Cash Flow$558.4M▼ -12.4% YoY

Trailing 12M (TTM)$452.1Mtrailing 4 quarters sum

FCF Margin17.4%$558.4M ÷ revenue

3-Year CAGR+28.5%FY2023 → FY2026

5-Year CAGR+3.0%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MIDD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$630.2M(72M)$558.4M▼ 12.4%17.4%

FY2024$686.8M(49M)$637.5M▲ +17.7%16.4%

FY2023$628.8M(87M)$541.8M▲ +106.0%13.4%

FY2022$332.6M(70M)$263.0M▼ 29.3%6.5%

FY2021$423.4M(52M)$371.8M▼ 23.0%11.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MIDD · P/FCF · FCF yield · FCF per share

The Middleby Corporation (MIDD) trades at a FCF yield of 6.31% and a price-to-free-cash-flow ratio of 18.0x. FCF per share stands at $8.75, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.31%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.75

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x19.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-03

Cash flow statement summary

MIDD · cash flow statement · operating / investing / financing

For FY2026, The Middleby Corporation generated $630.2M in operating cash flow and spent 72M in capital expenditures, yielding $558.4M in free cash flow.

Operating Activities

+$630.2M

Cash from core business operations

2026-01-03

Investing Activities

−$126.9M

CapEx, acquisitions & investments

2026-01-03

Financing Activities

−$970.9M

Buybacks, dividends & debt

2026-01-03

FCF FormulaOperating CF ($630.2M) − |CapEx| (72M) = FCF ($558.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

MIDD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The Middleby CorporationYOU

MIDD

$558.4M-12.4%17.4%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The Middleby Corporation (MIDD) reported free cash flow of $558.4M for FY2026 (fiscal year ending 2026-01-03), down 12.4% year-over-year. The FCF margin was 17.4%.

Based on available data, The Middleby Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $637.5M in FY2024. The 5-year CAGR stands at +3.0%.

The Middleby Corporation's FCF yield is 6.31% and price-to-FCF ratio is 18.0x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MIDD free cash flow · 8 questions

The Middleby Corporation free cash flow was $558.4M for FY2026, down 12.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $452.1M.

MIDD free cash flowMIDD FCFMIDD FCF 2026MIDD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The Middleby Corporation · The Middleby Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026