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MIDDLEBY Corp（MIDD）与Titan Machinery Inc.（TITN）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是Titan Machinery Inc.的1.3倍（$866.4M vs $644.5M），MIDDLEBY Corp净利率更高（4.3% vs 0.2%，领先4.1%），Titan Machinery Inc.同比增速更快（-5.2% vs -30.6%），过去两年MIDDLEBY Corp的营收复合增速更高（-3.3% vs -13.0%）
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
MIDD vs TITN — 直观对比
营收规模更大
MIDD
是对方的1.3倍
$644.5M
营收增速更快
TITN
高出25.4%
-30.6%
净利率更高
MIDD
高出4.1%
0.2%
两年增速更快
MIDD
近两年复合增速
-13.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $866.4M | $644.5M |
| 净利润 | $36.9M | $1.2M |
| 毛利率 | 38.8% | 17.2% |
| 营业利润率 | 17.3% | 1.6% |
| 净利率 | 4.3% | 0.2% |
| 营收同比 | -30.6% | -5.2% |
| 净利润同比 | -67.1% | -30.1% |
| 每股收益（稀释后） | $0.74 | $0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MIDDTITN
| Q4 25 | $866.4M | $644.5M | ||
| Q3 25 | $982.1M | $546.4M | ||
| Q2 25 | $977.9M | $594.3M | ||
| Q1 25 | $906.6M | $759.9M | ||
| Q4 24 | $1.0B | $679.8M | ||
| Q3 24 | $942.8M | $633.7M | ||
| Q2 24 | $991.5M | $628.7M | ||
| Q1 24 | $926.9M | $852.1M |
净利润MIDDTITN
| Q4 25 | $36.9M | $1.2M | ||
| Q3 25 | $-513.0M | $-6.0M | ||
| Q2 25 | $106.0M | $-13.2M | ||
| Q1 25 | $92.4M | $-43.8M | ||
| Q4 24 | $112.3M | $1.7M | ||
| Q3 24 | $114.2M | $-4.3M | ||
| Q2 24 | $115.4M | $9.4M | ||
| Q1 24 | $86.6M | $24.0M |
毛利率MIDDTITN
| Q4 25 | 38.8% | 17.2% | ||
| Q3 25 | 36.8% | 17.1% | ||
| Q2 25 | 38.0% | 15.3% | ||
| Q1 25 | 38.2% | 6.7% | ||
| Q4 24 | 38.4% | 16.3% | ||
| Q3 24 | 37.7% | 17.7% | ||
| Q2 24 | 38.3% | 19.4% | ||
| Q1 24 | 37.4% | 16.6% |
营业利润率MIDDTITN
| Q4 25 | 17.3% | 1.6% | ||
| Q3 25 | -56.4% | 0.1% | ||
| Q2 25 | 15.9% | -1.0% | ||
| Q1 25 | 15.5% | -6.0% | ||
| Q4 24 | 16.8% | 1.7% | ||
| Q3 24 | 18.4% | 2.5% | ||
| Q2 24 | 17.7% | 3.6% | ||
| Q1 24 | 14.8% | 4.8% |
净利率MIDDTITN
| Q4 25 | 4.3% | 0.2% | ||
| Q3 25 | -52.2% | -1.1% | ||
| Q2 25 | 10.8% | -2.2% | ||
| Q1 25 | 10.2% | -5.8% | ||
| Q4 24 | 11.1% | 0.3% | ||
| Q3 24 | 12.1% | -0.7% | ||
| Q2 24 | 11.6% | 1.5% | ||
| Q1 24 | 9.3% | 2.8% |
每股收益（稀释后）MIDDTITN
| Q4 25 | $0.74 | $0.05 | ||
| Q3 25 | $-10.15 | $-0.26 | ||
| Q2 25 | $1.99 | $-0.58 | ||
| Q1 25 | $1.69 | $-1.92 | ||
| Q4 24 | $2.07 | $0.07 | ||
| Q3 24 | $2.11 | $-0.19 | ||
| Q2 24 | $2.13 | $0.41 | ||
| Q1 24 | $1.59 | $1.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $222.2M | — |
| 总债务越低越好 | $2.2B | $176.6M |
| 股东权益账面价值 | $2.8B | $612.6M |
| 总资产 | $6.3B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.78× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资MIDDTITN
| Q4 25 | $222.2M | — | ||
| Q3 25 | $175.1M | — | ||
| Q2 25 | $511.5M | — | ||
| Q1 25 | $745.1M | — | ||
| Q4 24 | $689.5M | — | ||
| Q3 24 | $606.0M | — | ||
| Q2 24 | $459.5M | — | ||
| Q1 24 | $341.0M | — |
总债务MIDDTITN
| Q4 25 | $2.2B | $176.6M | ||
| Q3 25 | — | $164.5M | ||
| Q2 25 | — | $165.3M | ||
| Q1 25 | — | $168.7M | ||
| Q4 24 | $2.4B | $140.6M | ||
| Q3 24 | — | $126.6M | ||
| Q2 24 | — | $119.3M | ||
| Q1 24 | — | $120.1M |
股东权益MIDDTITN
| Q4 25 | $2.8B | $612.6M | ||
| Q3 25 | $2.9B | $610.3M | ||
| Q2 25 | $3.6B | $605.4M | ||
| Q1 25 | $3.7B | $614.1M | ||
| Q4 24 | $3.6B | $668.2M | ||
| Q3 24 | $3.6B | $659.6M | ||
| Q2 24 | $3.4B | $662.6M | ||
| Q1 24 | $3.3B | $657.6M |
总资产MIDDTITN
| Q4 25 | $6.3B | $1.8B | ||
| Q3 25 | $6.4B | $1.9B | ||
| Q2 25 | $7.3B | $1.8B | ||
| Q1 25 | $7.4B | $1.8B | ||
| Q4 24 | $7.3B | $2.1B | ||
| Q3 24 | $7.2B | $2.2B | ||
| Q2 24 | $7.0B | $2.1B | ||
| Q1 24 | $6.9B | $2.0B |
负债/权益比MIDDTITN
| Q4 25 | 0.78× | 0.29× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 0.66× | 0.21× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.18× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $34.0M |
| 自由现金流经营现金流 - 资本支出 | $165.5M | — |
| 自由现金流率自由现金流/营收 | 19.1% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 28.37× |
| 过去12个月自由现金流最近4个季度 | $530.1M | — |
8季度趋势，按日历期对齐
经营现金流MIDDTITN
| Q4 25 | — | $34.0M | ||
| Q3 25 | $176.3M | $43.7M | ||
| Q2 25 | $122.0M | $6.2M | ||
| Q1 25 | $141.1M | $126.5M | ||
| Q4 24 | $239.7M | $-8.8M | ||
| Q3 24 | $156.7M | $-15.0M | ||
| Q2 24 | $149.5M | $-32.4M | ||
| Q1 24 | $140.9M | $49.8M |
自由现金流MIDDTITN
| Q4 25 | $165.5M | — | ||
| Q3 25 | $156.1M | — | ||
| Q2 25 | $101.1M | — | ||
| Q1 25 | $107.4M | — | ||
| Q4 24 | $226.6M | — | ||
| Q3 24 | $145.2M | — | ||
| Q2 24 | $138.6M | — | ||
| Q1 24 | $127.2M | — |
自由现金流率MIDDTITN
| Q4 25 | 19.1% | — | ||
| Q3 25 | 15.9% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 15.4% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 13.7% | — |
资本支出强度MIDDTITN
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 1.5% | — |
现金转化率MIDDTITN
| Q4 25 | — | 28.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 2.13× | -5.15× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.30× | -3.43× | ||
| Q1 24 | 1.63× | 2.08× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MIDD
暂无分部数据
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
