Middleby Corp (MIDD)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 37.92% | 37.61% | 37.25% | 36.69% | 35.62% | 35.48% | 35.39% | 35.83% | 36.76% | 36.49% | 36.15% | 35.03% | 35.14% | 35.61% | 36.19% | 37.16% | 37.29% | 37.37% | 37.20% | 37.16% |
| Operating profit margin | 15.69% | 17.33% | 16.97% | 16.64% | 15.75% | 15.26% | 17.93% | 18.11% | 19.38% | 18.79% | 14.95% | 13.13% | 12.92% | 14.90% | 15.70% | 17.57% | 17.37% | 17.14% | 16.74% | 16.28% |
| Pretax margin | 12.84% | 14.53% | 14.36% | 14.33% | 13.90% | 13.93% | 17.08% | 17.60% | 19.06% | 17.67% | 13.58% | 11.18% | 10.68% | 13.34% | 13.93% | 15.91% | 15.63% | 15.35% | 15.13% | 15.10% |
| 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% |
Middleby Corp's profitability ratios have shown a generally positive trend over the periods analyzed. The gross profit margin has remained relatively stable, hovering around the mid to high 30% range, indicating the company's ability to effectively manage its production costs.
The operating profit margin has shown an increasing trend, with a notable improvement from 15.26% in September 2022 to 17.33% in September 2023. This suggests that Middleby Corp has been efficiently managing its operating expenses to generate higher profits from its core business operations.
Similarly, the pretax margin and net profit margin have also displayed an upward trend over the periods analyzed. The pretax margin increased from 10.68% in March 2021 to 14.53% in September 2023, while the net profit margin rose from 8.26% in March 2021 to 11.20% in September 2023. These improvements indicate that Middleby Corp has been effectively managing its pre-tax and after-tax profits relative to its total revenue.
Overall, Middleby Corp's profitability ratios demonstrate a positive performance, with improvements in operating efficiency and profitability over the analyzed periods.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 9.19% | 10.23% | 9.96% | 9.75% | 9.30% | 8.84% | 10.06% | 9.75% | 9.87% | 10.13% | 8.07% | 6.43% | 6.24% | 7.63% | 7.72% | 9.82% | 10.28% | 10.19% | 9.99% | 9.81% |
| Return on assets (ROA) | 5.80% | 6.61% | 6.49% | 6.47% | 6.35% | 6.09% | 7.26% | 7.49% | 7.65% | 7.58% | 5.94% | 4.21% | 3.98% | 5.27% | 5.28% | 6.76% | 7.04% | 6.86% | 6.73% | 6.84% |
| Return on total capital | 11.28% | 12.58% | 12.23% | 12.22% | 11.68% | 11.37% | 13.07% | 12.63% | 12.91% | 14.04% | 11.16% | 8.96% | 8.81% | 9.98% | 9.69% | 12.73% | 13.47% | 13.17% | 12.88% | 12.72% |
| Return on equity (ROE) | 12.34% | 14.79% | 15.12% | 15.72% | 15.60% | 16.25% | 19.75% | 19.97% | 19.58% | 19.04% | 15.16% | 11.17% | 10.49% | 13.02% | 14.74% | 18.84% | 18.09% | 18.22% | 18.29% | 18.58% |
Middleby Corp's profitability ratios show a positive trend over the periods analyzed.
- Operating return on assets (Operating ROA) ranged between 8.07% and 10.23%, with the latest figure at 9.19%. This ratio indicates the company's ability to generate operating income from its assets, showing consistent profitability over time.
- Return on assets (ROA) varied between 3.98% and 7.65%, with the most recent value standing at 5.80%. ROA reveals the overall efficiency of the company in generating profits from its total assets, reflecting a stable performance despite fluctuations.
- Return on total capital fluctuated between 8.81% and 14.04%, with the most recent figure at 11.28%. This ratio demonstrates the company's ability to generate earnings from both equity and debt financing, indicating a decent return on capital investment.
- Return on equity (ROE) ranged from 10.49% to 19.97%, with the latest value at 12.34%. ROE reflects the profitability of the company for its shareholders, showing a satisfactory return on equity investment over the periods assessed.
Overall, Middleby Corp's profitability ratios suggest a consistent performance in generating profits relative to its assets, capital, and equity, indicating effective management and operational efficiency.