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Side-by-side financial comparison of MIDDLEBY Corp (MIDD) and Martin Marietta Materials (MLM). Click either name above to swap in a different company.

Martin Marietta Materials is the larger business by last-quarter revenue ($1.4B vs $866.4M, roughly 1.6× MIDDLEBY Corp). Martin Marietta Materials runs the higher net margin — 111.1% vs 4.3%, a 106.8% gap on every dollar of revenue. On growth, Martin Marietta Materials posted the faster year-over-year revenue change (17.0% vs -30.6%). Over the past eight quarters, MIDDLEBY Corp's revenue compounded faster (-3.3% CAGR vs -12.1%).

The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

MIDD vs MLM — Head-to-Head

Bigger by revenue
MLM
MLM
1.6× larger
MLM
$1.4B
$866.4M
MIDD
Growing faster (revenue YoY)
MLM
MLM
+47.6% gap
MLM
17.0%
-30.6%
MIDD
Higher net margin
MLM
MLM
106.8% more per $
MLM
111.1%
4.3%
MIDD
Faster 2-yr revenue CAGR
MIDD
MIDD
Annualised
MIDD
-3.3%
-12.1%
MLM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MIDD
MIDD
MLM
MLM
Revenue
$866.4M
$1.4B
Net Profit
$36.9M
$1.5B
Gross Margin
38.8%
22.8%
Operating Margin
17.3%
11.9%
Net Margin
4.3%
111.1%
Revenue YoY
-30.6%
17.0%
Net Profit YoY
-67.1%
EPS (diluted)
$0.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MIDD
MIDD
MLM
MLM
Q1 26
$1.4B
Q4 25
$866.4M
$1.1B
Q3 25
$982.1M
$1.8B
Q2 25
$977.9M
$1.8B
Q1 25
$906.6M
$1.4B
Q4 24
$1.0B
$1.6B
Q3 24
$942.8M
$1.9B
Q2 24
$991.5M
$1.8B
Net Profit
MIDD
MIDD
MLM
MLM
Q1 26
$1.5B
Q4 25
$36.9M
$279.0M
Q3 25
$-513.0M
$414.0M
Q2 25
$106.0M
$328.0M
Q1 25
$92.4M
$116.0M
Q4 24
$112.3M
$293.0M
Q3 24
$114.2M
$363.0M
Q2 24
$115.4M
$294.0M
Gross Margin
MIDD
MIDD
MLM
MLM
Q1 26
22.8%
Q4 25
38.8%
35.0%
Q3 25
36.8%
33.1%
Q2 25
38.0%
30.0%
Q1 25
38.2%
24.8%
Q4 24
38.4%
30.0%
Q3 24
37.7%
31.7%
Q2 24
38.3%
29.3%
Operating Margin
MIDD
MIDD
MLM
MLM
Q1 26
11.9%
Q4 25
17.3%
24.6%
Q3 25
-56.4%
27.4%
Q2 25
15.9%
25.3%
Q1 25
15.5%
14.3%
Q4 24
16.8%
24.4%
Q3 24
18.4%
25.9%
Q2 24
17.7%
22.6%
Net Margin
MIDD
MIDD
MLM
MLM
Q1 26
111.1%
Q4 25
4.3%
24.5%
Q3 25
-52.2%
22.4%
Q2 25
10.8%
18.1%
Q1 25
10.2%
8.6%
Q4 24
11.1%
18.0%
Q3 24
12.1%
19.2%
Q2 24
11.6%
16.7%
EPS (diluted)
MIDD
MIDD
MLM
MLM
Q1 26
Q4 25
$0.74
$4.59
Q3 25
$-10.15
$6.85
Q2 25
$1.99
$5.43
Q1 25
$1.69
$1.90
Q4 24
$2.07
$4.87
Q3 24
$2.11
$5.91
Q2 24
$2.13
$4.76

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MIDD
MIDD
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$222.2M
$273.0M
Total DebtLower is stronger
$2.2B
$0
Stockholders' EquityBook value
$2.8B
$11.3B
Total Assets
$6.3B
$20.5B
Debt / EquityLower = less leverage
0.78×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIDD
MIDD
MLM
MLM
Q1 26
$273.0M
Q4 25
$222.2M
$67.0M
Q3 25
$175.1M
$57.0M
Q2 25
$511.5M
$225.0M
Q1 25
$745.1M
$101.0M
Q4 24
$689.5M
$670.0M
Q3 24
$606.0M
$52.0M
Q2 24
$459.5M
$109.0M
Total Debt
MIDD
MIDD
MLM
MLM
Q1 26
$0
Q4 25
$2.2B
$5.3B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$2.4B
$5.4B
Q3 24
$4.0B
Q2 24
$4.3B
Stockholders' Equity
MIDD
MIDD
MLM
MLM
Q1 26
$11.3B
Q4 25
$2.8B
$10.0B
Q3 25
$2.9B
$9.7B
Q2 25
$3.6B
$9.4B
Q1 25
$3.7B
$9.1B
Q4 24
$3.6B
$9.5B
Q3 24
$3.6B
$9.2B
Q2 24
$3.4B
$8.8B
Total Assets
MIDD
MIDD
MLM
MLM
Q1 26
$20.5B
Q4 25
$6.3B
$18.7B
Q3 25
$6.4B
$18.7B
Q2 25
$7.3B
$18.1B
Q1 25
$7.4B
$17.7B
Q4 24
$7.3B
$18.2B
Q3 24
$7.2B
$16.5B
Q2 24
$7.0B
$16.3B
Debt / Equity
MIDD
MIDD
MLM
MLM
Q1 26
0.00×
Q4 25
0.78×
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.66×
0.57×
Q3 24
0.44×
Q2 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MIDD
MIDD
MLM
MLM
Operating Cash FlowLast quarter
$227.0M
Free Cash FlowOCF − Capex
$165.5M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
1.5%
40.4%
Cash ConversionOCF / Net Profit
0.15×
TTM Free Cash FlowTrailing 4 quarters
$530.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIDD
MIDD
MLM
MLM
Q1 26
$227.0M
Q4 25
$629.0M
Q3 25
$176.3M
$551.0M
Q2 25
$122.0M
$387.0M
Q1 25
$141.1M
$218.0M
Q4 24
$239.7M
$686.0M
Q3 24
$156.7M
$600.0M
Q2 24
$149.5M
$1.0M
Free Cash Flow
MIDD
MIDD
MLM
MLM
Q1 26
Q4 25
$165.5M
$424.0M
Q3 25
$156.1M
$361.0M
Q2 25
$101.1M
$208.0M
Q1 25
$107.4M
$-15.0M
Q4 24
$226.6M
$453.0M
Q3 24
$145.2M
$317.0M
Q2 24
$138.6M
$-138.0M
FCF Margin
MIDD
MIDD
MLM
MLM
Q1 26
Q4 25
19.1%
37.2%
Q3 25
15.9%
19.6%
Q2 25
10.3%
11.5%
Q1 25
11.8%
-1.1%
Q4 24
22.3%
27.8%
Q3 24
15.4%
16.8%
Q2 24
14.0%
-7.8%
Capex Intensity
MIDD
MIDD
MLM
MLM
Q1 26
40.4%
Q4 25
1.5%
18.0%
Q3 25
2.1%
10.3%
Q2 25
2.1%
9.9%
Q1 25
3.7%
17.2%
Q4 24
1.3%
14.3%
Q3 24
1.2%
15.0%
Q2 24
1.1%
7.9%
Cash Conversion
MIDD
MIDD
MLM
MLM
Q1 26
0.15×
Q4 25
2.25×
Q3 25
1.33×
Q2 25
1.15×
1.18×
Q1 25
1.53×
1.88×
Q4 24
2.13×
2.34×
Q3 24
1.37×
1.65×
Q2 24
1.30×
0.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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