Middleby Corp (MIDD)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 3,638,430 | 3,592,940 | 3,421,910 | 3,311,240 | 3,249,890 | 3,095,220 | 2,999,530 | 2,862,200 | 2,797,750 | 2,498,540 | 2,417,970 | 2,427,970 | 2,494,280 | 2,298,970 | 2,125,880 | 1,995,210 | 1,976,650 | 2,031,320 | 1,939,520 | 1,894,710 |
| ROE | 11.78% | 10.92% | 11.31% | 11.73% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $428,433K ÷ $3,638,430K
= 11.78%
Middleby Corp's return on equity (ROE) has fluctuated over the periods provided. It stood at 18.84% as of March 31, 2020, but gradually declined until reaching a low of 10.49% by December 31, 2020. However, the ROE started to improve from March 31, 2021, and showed an upward trend until September 30, 2021, where it reached 19.04%.
Subsequently, the ROE remained relatively stable around the high-teen percentages with slight fluctuations until June 30, 2023. From September 30, 2023, there was a gradual decline in ROE, dropping to 10.92% as of September 30, 2024. However, the ROE recovered slightly by December 31, 2024, increasing to 11.78%.
Overall, Middleby Corp's ROE exhibited some volatility, with periods of improvement followed by slight declines. It is important for stakeholders to closely monitor the trend in ROE to assess the company's profitability and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2024