Filing Flows › Middleby (MIDD) › How it makes money
How Middleby (MIDD) makes money
Middleby (MIDD) made $876M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Commercial Foodservice Equipment Group brought in $631M (72%); Food Processing Group brought in $245M (28%). Of every dollar of revenue, 38¢ was left as gross profit, 17¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commercial Foodservice Equipment Group | $631M | 72.0% | +2% | +9% |
| Food Processing Group | $245M | 28.0% | +9% | +13% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $876M | 100.0% |
| Cost of revenue | $540M | 61.7% |
| Gross profit | $335M | 38.3% |
| Operating expenses | $187M | 21.4% |
| Operating profit | $148M | 16.9% |
| Income tax | $43.3M | 4.9% |
| Net earnings | $54.8M | 6.3% |
| Operating cash flow | $97.7M | 11.2% |
| Free cash flow | $87.0M | 9.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $876M | +10% |
| Q1 2026 | $840M | +15% |
| Q4 2025 | $866M | +4% |
| Q3 2025 | $982M | +4% |
| Q2 2025 | $978M | -1% |
| Q1 2025 | $907M | -2% |
| Q4 2024 | $829M | -18% |
From Middleby's 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does Middleby make money?
Middleby (MIDD) made $876M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Commercial Foodservice Equipment Group brought in $631M (72%); Food Processing Group brought in $245M (28%). Of every dollar of revenue, 38¢ was left as gross profit, 17¢ was left as operating profit, 6¢ was left as net earnings.
What is Middleby's biggest business?
Commercial Foodservice Equipment Group: $631M in the second quarter 2026, 72% of revenue, +9% from a year earlier.
What is Middleby's profit margin?
Net earnings were $54.8M, 6.3% of revenue, in the second quarter 2026; the operating margin was 16.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.