Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

The Middleby Corporation (MIDD) had Return on Tangible Equity of -434.06% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$3.20B
Net Income	$-277.73M
Cost of Goods Sold	$1.95B
Gross Profit	$1.25B
Operating Expenses	$2.63B
Operating Income	$574.89M
Non-Operating Income/Expense	$-92.62M
Pre-Tax Income	$482.27M
Normalized Pre-Tax Income	$482.27M
Income after Taxes	$367.27M
Income from Continuous Operations	$367.27M
Consolidated Net Income/Loss	$-277.73M
Normalized Income after Taxes	$367.27M
EBIT	$574.89M
EBITDA	$680.20M
Weighted-Average Shares Outstanding (Basic)	51.66M
Weighted-Average Shares Outstanding (Diluted)	52.18M
Earnings per Share (EPS) (Basic)	$-5.38
Earnings per Share (EPS) (Diluted)	$-5.32
Balance Sheet Financials
Current Assets	$2.74B
Property, Plant, and Equipment	$431.62M
Long-Term Assets	$3.57B
Total Assets	$6.32B
Current Liabilities	$1.07B
Long-Term Debt	$2.13B
Long-Term Liabilities	$2.47B
Total Liabilities	$3.54B
Common Equity	$2.78B
Tangible Shareholders Equity	$-84.61M
Shareholders Equity	$2.78B
Common Shares Outstanding	48.92M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$630.20M
Cash Flow from Investing Activities	$-126.89M
Cash Flow from Financial Activities	$-970.94M
Beginning Cash	$689.53M
End Cash	$244.45M
Increase/Decrease in Cash	$-445.09M
Stock-Based Compensation	$13.46M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	2.57
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.43
Debt to Equity Ratio	0.78
Gross Margin	39.11%
Operating Margin	17.96%
EBIT Margin	17.96%
EBITDA Margin	21.25%
Pre-Tax Profit Margin	15.07%
Profit Margin	-8.68%
Free Cash Flow	$559.47M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.51
Inventory Turnover	2.81
Receiveable Turnover	5.59
Days Sales in Receivables	65.34
Return on Equity	13.23%
Return on Tangible Equity	-434.06%
Return on Assets	5.82%
Return on Investments	7.49%
Book Value Per Share	$56.75
Free Cash Flow per Share	$10.72
Operating Cash Flow per Share	$12.08

Data from Zacks Investment Research, Inc.