Middleby Corp (MIDD)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	656,188	634,868	639,604	448,310	324,431
Revenue	US$ in thousands	3,875,160	4,036,600	4,032,850	3,250,790	2,513,260
Operating profit margin		16.93%	15.73%	15.86%	13.79%	12.91%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $656,188K ÷ $3,875,160K
= 16.93%

Middleby Corp has shown a steady improvement in its operating profit margin over the past five years. The margin increased from 12.91% in December 2020 to 16.93% in December 2024. This indicates the company's ability to control its operating expenses and generate more profit from its core business operations. The upward trend in operating profit margin reflects Middleby Corp's efficiency in managing costs and increasing profitability over time. It is a positive sign of the company's operational strength and financial performance.

Peer comparison

Dec 31, 2024

Company name

Symbol

Operating profit margin

Middleby Corp

MIDD

16.93%

Hayward Holdings Inc

HAYW

19.85%

Standex International Corporation