Middleby Corp (MIDD)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 669,549 | 671,947 | 649,889 | 658,192 | 349,120 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,638,430 | 3,249,890 | 2,797,750 | 2,494,280 | 1,976,650 |
| Return on total capital | 18.40% | 20.68% | 23.23% | 26.39% | 17.66% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $669,549K ÷ ($—K + $3,638,430K)
= 18.40%
Middleby Corp's return on total capital has exhibited fluctuating performance over the years based on the provided data. The return on total capital was 17.66% as of December 31, 2020, showing a moderate level of profitability. It then increased significantly to 26.39% by December 31, 2021, indicating improved efficiency in generating returns from the total invested capital.
However, in the following years, there was some fluctuation in the return on total capital. By December 31, 2022, the return decreased to 23.23%, suggesting a slight decline in profitability compared to the previous year. Subsequently, as of December 31, 2023, the return on total capital further dropped to 20.68%, indicating a continued but moderate decrease in the company's ability to generate returns from its total capital.
By the end of December 31, 2024, Middleby Corp's return on total capital stood at 18.40%, signaling a further decline in profitability compared to the previous year. Overall, the trend in return on total capital for Middleby Corp shows some variability, with periods of both growth and decline in the efficiency of utilizing total capital to generate returns.
Peer comparison
Dec 31, 2024