Middleby Corp (MIDD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 400,882 | 436,569 | 488,492 | 207,294 | 352,240 |
| Revenue | US$ in thousands | 4,045,300 | 4,060,950 | 3,250,490 | 2,510,360 | 2,958,550 |
| Net profit margin | 9.91% | 10.75% | 15.03% | 8.26% | 11.91% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $400,882K ÷ $4,045,300K
= 9.91%
Middleby Corp's net profit margin has displayed some fluctuations over the past five years. The net profit margin was highest in 2021 at 15.03% and lowest in 2020 at 8.26%. This indicates that the company's ability to convert revenue into profit was strongest in 2021 but faced some challenges in 2020.
The net profit margin for 2023 stands at 9.91%, showing a slight decrease compared to the previous year (10.75% in 2022). This could be a point of concern as it suggests that the company may be experiencing some difficulties in managing costs and expenses relative to its revenue.
Overall, Middleby Corp's net profit margin has shown variability in recent years, highlighting the importance of closely monitoring the company's financial performance and cost management strategies.
Peer comparison
Dec 31, 2023