Filing Flows › Middleby (MIDD) › Q1 2026 › vs Q1 2025
Middleby (MIDD) Q1 2026 vs Q1 2025 (year over year)
Middleby's revenue rose $109M (+15%) from $731M in Q1 2025 to $840M in Q1 2026. The biggest changes: Food Processing Group +$56.5M (+34%); Commercial Foodservice Equipment Group +$52.8M (+9%).
Middleby, Q1 2026: revenue $840M (+15% year over year), operating margin 15.9%, net loss $50.1M, operating cash flow $65.6M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.9% | 15.7% | -8.8 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Commercial Foodservice Equipment Group | $616M | $563M | $52.8M | +9% |
| Food Processing Group | $224M | $168M | $56.5M | +34% |
| Revenue | $840M | $731M | $109M | +15% |
| Net loss | $50.1M | −$92.4M | $142M | — |
| Costs & expenses | $890M | $731M | $159M | +22% |
| Operating costs | $707M | $601M | $105M | +18% |
| Interest & other, net | $156M | $11.0M | $145M | 14× |
| Income tax | $27.6M | $26.2M | $1.4M | +6% |
| Cost of revenue | $517M | $438M | $78.7M | +18% |
| SG&A | $188M | $162M | $26.5M | +16% |
| Other operating costs | $1.5M | $1.2M | $291K | +23% |
| Operating cash sources | $116M | $48.8M | $66.9M | +137% |
| Depreciation & amortization | $25.5M | $26.4M | −$881K | -3% |
| Share-based compensation | $10.1M | $2.3M | $7.8M | +340% |
| Working capital & other | $80.1M | $20.1M | $60.0M | +298% |
| Net loss absorbed | $50.1M | −$92.4M | $142M | — |
| Operating cash flow | $65.6M | $141M | −$75.5M | -54% |
| Free cash flow (OCF − capex) | $57.7M | $115M | −$57.0M | -50% |
| Capital expenditures | $7.9M | $26.5M | −$18.5M | -70% |
Questions
How much did Middleby's revenue grow year over year in Q1 2026?
Middleby's revenue rose $109M (+15%) from $731M in Q1 2025 to $840M in Q1 2026.
What drove Middleby's revenue change in Q1 2026?
Food Processing Group +$56.5M (+34%); Commercial Foodservice Equipment Group +$52.8M (+9%).