Middleby Corp (MIDD)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 428,433 | 392,422 | 386,906 | 388,361 | 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 |
| 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 |
| Net profit margin | 11.06% | 10.14% | 9.90% | 9.82% | 9.93% | 11.28% | 11.14% | 11.12% | 10.83% | 10.50% | 12.94% | 13.91% | 15.03% | 14.06% | 10.99% | 8.59% | 8.25% | 10.28% | 10.75% | 12.10% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $428,433K ÷ $3,875,161K
= 11.06%
Net profit margin is a key indicator of a company's profitability as it measures the percentage of revenue that translates into profit after accounting for all expenses. Analyzing the net profit margin of Middleby Corp over the past few quarters shows fluctuations in the company's ability to generate profits efficiently.
From March 31, 2020, to December 31, 2020, Middleby Corp experienced a decline in net profit margin from 12.10% to 8.25%. This decrease could indicate challenges in managing costs relative to revenue during this period. However, the trend started to improve from March 31, 2021, reaching a peak of 15.03% by December 31, 2021. This significant increase suggests that the company was able to enhance its profitability by effectively controlling expenses and increasing sales.
Subsequently, the net profit margin fluctuated between 9.82% and 11.28% from March 31, 2022, to September 30, 2023. These variations indicate some level of instability in Middleby Corp's ability to consistently generate profits. However, by December 31, 2024, the net profit margin had reached 11.06%, showing a slight improvement from the previous quarter.
Overall, Middleby Corp's net profit margin has shown ups and downs over the analyzed period, reflecting the company's performance in managing costs and generating profits. Further monitoring of this metric will be important to assess the company's ongoing financial health and efficiency in turning revenue into profit.
Peer comparison
Dec 31, 2024