Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
MIDDLEBY Corp (MIDD)
A forensic read on MIDDLEBY Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
5.3
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-14.3%
ROE
$7.8B
Market cap
MIDDLEBY Corp earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 5.3, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
129% of FCFShareholder returns.Returned $724M to shareholders (buybacks + dividends) in FY2026 — 129% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
9%Return on invested capital.Return on invested capital is 9% and steady — around its ~9% cost of capital, so growth is roughly value-neutral — watch the trend.
Key fundamentals
Net Margin-8.7%
Debt / Equity0.78x
Free Cash Flow$559.5M
Latest Revenue$3.20B
Return on Equity-10.0%
Revenue Growth YoY+1.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on MIDDLEBY Corp:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about MIDD's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown