Middleby Corp (MIDD)
Return on equity (ROE)
| 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 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,946,810 | 1,856,030 | 1,798,250 | 1,726,060 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $400,882K ÷ $3,249,890K
= 12.34%
Middleby Corp's return on equity (ROE) has shown some fluctuation over the past few years. The ROE for the most recent quarter (December 31, 2023) was 12.34%, which represents a decrease from the previous quarter. However, looking at the trend over the past few years, the ROE has generally been on an upward trajectory since March 2021. The highest ROE was recorded in the second quarter of 2022 at 19.97%, indicating strong profitability and efficiency in using shareholders' equity to generate earnings.
The overall trend suggests that Middleby Corp has been effectively utilizing its equity to generate profits, with some variability in performance quarter to quarter. It will be important for stakeholders to monitor future ROE trends to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023