Middleby Corp (MIDD)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 400,882 | 457,786 | 453,505 | 449,903 | 436,569 | 406,050 | 477,647 | 484,984 | 488,492 | 437,651 | 322,201 | 222,778 | 207,294 | 264,454 | 285,958 | 357,006 | 352,240 | 338,082 | 328,967 | 320,745 |
| Revenue (ttm) | US$ in thousands | 4,045,311 | 4,087,831 | 4,100,051 | 4,073,671 | 4,060,947 | 3,867,263 | 3,691,937 | 3,487,110 | 3,250,492 | 3,110,772 | 2,927,752 | 2,590,956 | 2,510,357 | 2,571,587 | 2,661,076 | 2,950,103 | 2,959,446 | 2,928,492 | 2,917,809 | 2,824,933 |
| Net profit margin | 9.91% | 11.20% | 11.06% | 11.04% | 10.75% | 10.50% | 12.94% | 13.91% | 15.03% | 14.07% | 11.01% | 8.60% | 8.26% | 10.28% | 10.75% | 12.10% | 11.90% | 11.54% | 11.27% | 11.35% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $400,882K ÷ $4,045,311K
= 9.91%
Middleby Corp's net profit margin has shown some fluctuation over the past few quarters, ranging from a low of 8.26% in September 2020 to a high of 15.03% in December 2021. Overall, the trend appears to be relatively stable, with the net profit margin consistently remaining above 10% in recent quarters. This indicates that Middleby Corp has been able to generate a solid level of net income relative to its revenue, with profitability levels generally being healthy. It is essential for investors to continue monitoring the net profit margin to assess the company's ability to maintain and improve its profitability over time.
Peer comparison
Dec 31, 2023