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Middleby vs Hayward Holdings: MIDD and HAYW compared
Middleby is the larger company: $876M of revenue in its latest quarter (Q2 2026) against $260M for Hayward Holdings (Q3 2026). Middleby is growing faster (+10% against +6% a year earlier). Hayward Holdings is more profitable, with an operating margin of 19.3% against 16.9%.
Where the money goes: MIDD and HAYW
Middleby (MIDD) · Q2 2026
Middleby, Q2 2026: revenue $876M (+10% year over year), operating margin 16.9%, net earnings $54.8M, operating cash flow $97.7M. The chart follows the revenue to costs, profit and cash.
Hayward Holdings (HAYW) · Q3 2026
Hayward Holdings, Q3 2026: revenue $260M (+6% year over year), operating margin 19.3%, net earnings $32.4M, operating cash flow $53.9M. The chart follows the revenue to costs, profit and cash.
| Middleby (MIDD) | Hayward Holdings (HAYW) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $876M | $260M |
| Revenue growth, Y/Y | +10% | +6% |
| Gross margin | 38.3% | 47.9% |
| Operating margin | 16.9% | 19.3% |
| Net earnings | $54.8M | $32.4M |
| Net margin | 6.3% | 12.5% |
| Operating cash flow | $97.7M | $53.9M |
| Free cash flow | $87.0M | $43.0M |
| Market value | $6.2B | $2.8B |
| P/E | 18.3× | 16.2× |
| Analysts’ mean target | $154.78 | $17.50 |
Where the revenue comes from
Middleby
- Commercial Foodservice Equipment Group: $631M (72%)
- Food Processing Group: $245M (28%)
Hayward Holdings
- Residential pool: $230M (88%)
- Commercial pool: $15.9M (6%)
- Flow control: $14.1M (5%)
Questions
Which is bigger, Middleby or Hayward Holdings?
Middleby is the larger company: $876M of revenue in its latest quarter (Q2 2026) against $260M for Hayward Holdings (Q3 2026).
Is Middleby or Hayward Holdings growing faster?
Middleby is growing faster (+10% against +6% a year earlier).
Which is more profitable, Middleby or Hayward Holdings?
Hayward Holdings is more profitable, with an operating margin of 19.3% against 16.9%.
More: Middleby earnings · how Middleby makes money · Hayward Holdings earnings · how Hayward Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.