Middleby Corp (MIDD)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,436,769 | 1,416,171 | 1,436,059 | 1,465,853 | 1,515,630 | 1,537,363 | 1,527,273 | 1,494,779 | 1,446,554 | 1,372,117 | 1,306,512 | 1,249,496 | 1,194,860 | 1,135,210 | 1,058,332 | 907,732 | 882,048 | 915,743 | 963,022 | 1,096,375 |
| Revenue (ttm) | US$ in thousands | 3,875,161 | 3,869,861 | 3,907,703 | 3,956,137 | 4,036,611 | 4,059,731 | 4,071,951 | 4,045,571 | 4,032,847 | 3,867,563 | 3,692,237 | 3,487,410 | 3,250,792 | 3,113,672 | 2,930,652 | 2,593,856 | 2,513,257 | 2,571,587 | 2,661,076 | 2,950,103 |
| Gross profit margin | 37.08% | 36.59% | 36.75% | 37.05% | 37.55% | 37.87% | 37.51% | 36.95% | 35.87% | 35.48% | 35.39% | 35.83% | 36.76% | 36.46% | 36.11% | 35.00% | 35.10% | 35.61% | 36.19% | 37.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,436,769K ÷ $3,875,161K
= 37.08%
Middleby Corp's gross profit margin has shown some fluctuations over the years as per the provided data. The company's gross profit margin stood at 37.16% as of March 31, 2020, before experiencing a slight decline to 36.19% by June 30, 2020. Subsequently, there was a further drop to 35.61% by September 30, 2020.
However, the company started to see a gradual improvement in its gross profit margin from December 31, 2020, where it was recorded at 35.10%. The trend continued into the following quarters, reaching a peak of 37.87% as of September 30, 2023. Afterward, there were some fluctuations, but the gross profit margin generally remained stable around the mid to high 30% range.
Overall, Middleby Corp's gross profit margin trend indicates some variability, but with periods of improvement and stability. A higher gross profit margin suggests that the company is effectively managing its production costs relative to its revenue, which can be a positive sign for its financial performance.
Peer comparison
Dec 31, 2024