Middleby Corp (MIDD)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 428,433 | 400,882 | 436,569 | 488,492 | 207,294 |
| Revenue | US$ in thousands | 3,875,160 | 4,036,600 | 4,032,850 | 3,250,790 | 2,513,260 |
| Net profit margin | 11.06% | 9.93% | 10.83% | 15.03% | 8.25% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $428,433K ÷ $3,875,160K
= 11.06%
Middleby Corp's net profit margin has shown variability over the years based on the provided data. In 2021, the net profit margin significantly improved to 15.03% from 8.25% in 2020, indicating the company's ability to generate more profit relative to its revenue. However, in the following years, the net profit margin fluctuated, with a decrease to 10.83% in 2022, a further decline to 9.93% in 2023, and a slight increase to 11.06% in 2024.
These fluctuations suggest that Middleby Corp may have experienced changes in its cost structure, revenue, or efficiency in managing expenses over these years. The company may need to focus on maintaining a consistent and healthy net profit margin to ensure sustainable profitability in the long run. It is essential for investors and analysts to closely monitor these fluctuations and understand the underlying factors affecting the company's profitability.
Peer comparison
Dec 31, 2024