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MIDDLEBY Corp（MIDD）与TENNANT CO（TNC）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TENNANT CO的3.4倍（$982.1M vs $291.6M）。TENNANT CO净利率更高（-1.5% vs -52.2%，领先50.7%）。MIDDLEBY Corp同比增速更快（4.2% vs -11.3%）。MIDDLEBY Corp自由现金流更多（$156.1M vs $9.7M）。过去两年MIDDLEBY Corp的营收复合增速更高（-1.3% vs -3.2%）
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。
天纳公司（Tennant Company）是一家清洁产品供应商，拥有约4000名员工，其股票在纽约证券交易所挂牌上市，专注为各类商业及工业场景提供专业清洁相关产品与解决方案。
MIDD vs TNC — 直观对比
营收规模更大
MIDD
是对方的3.4倍
$291.6M
营收增速更快
MIDD
高出15.5%
-11.3%
净利率更高
TNC
高出50.7%
-52.2%
自由现金流更多
MIDD
多$146.4M
$9.7M
两年增速更快
MIDD
近两年复合增速
-3.2%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $982.1M | $291.6M |
| 净利润 | $-513.0M | $-4.4M |
| 毛利率 | 36.8% | 34.6% |
| 营业利润率 | -56.4% | -1.4% |
| 净利率 | -52.2% | -1.5% |
| 营收同比 | 4.2% | -11.3% |
| 净利润同比 | -549.3% | -166.7% |
| 每股收益（稀释后） | $-10.15 | $-0.21 |
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MIDDTNC
| Q4 25 | — | $291.6M | ||
| Q3 25 | $982.1M | $303.3M | ||
| Q2 25 | $977.9M | $318.6M | ||
| Q1 25 | $906.6M | $290.0M | ||
| Q4 24 | $1.0B | $328.9M | ||
| Q3 24 | $942.8M | $315.8M | ||
| Q2 24 | $991.5M | $331.0M | ||
| Q1 24 | $926.9M | $311.0M |
净利润MIDDTNC
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-513.0M | $14.9M | ||
| Q2 25 | $106.0M | $20.2M | ||
| Q1 25 | $92.4M | $13.1M | ||
| Q4 24 | $112.3M | $6.6M | ||
| Q3 24 | $114.2M | $20.8M | ||
| Q2 24 | $115.4M | $27.9M | ||
| Q1 24 | $86.6M | $28.4M |
毛利率MIDDTNC
| Q4 25 | — | 34.6% | ||
| Q3 25 | 36.8% | 42.7% | ||
| Q2 25 | 38.0% | 42.1% | ||
| Q1 25 | 38.2% | 41.4% | ||
| Q4 24 | 38.4% | 41.3% | ||
| Q3 24 | 37.7% | 42.4% | ||
| Q2 24 | 38.3% | 43.1% | ||
| Q1 24 | 37.4% | 44.2% |
营业利润率MIDDTNC
| Q4 25 | — | -1.4% | ||
| Q3 25 | -56.4% | 7.4% | ||
| Q2 25 | 15.9% | 9.6% | ||
| Q1 25 | 15.5% | 6.8% | ||
| Q4 24 | 16.8% | 2.3% | ||
| Q3 24 | 18.4% | 9.7% | ||
| Q2 24 | 17.7% | 11.7% | ||
| Q1 24 | 14.8% | 12.1% |
净利率MIDDTNC
| Q4 25 | — | -1.5% | ||
| Q3 25 | -52.2% | 4.9% | ||
| Q2 25 | 10.8% | 6.3% | ||
| Q1 25 | 10.2% | 4.5% | ||
| Q4 24 | 11.1% | 2.0% | ||
| Q3 24 | 12.1% | 6.6% | ||
| Q2 24 | 11.6% | 8.4% | ||
| Q1 24 | 9.3% | 9.1% |
每股收益（稀释后）MIDDTNC
| Q4 25 | — | $-0.21 | ||
| Q3 25 | $-10.15 | $0.80 | ||
| Q2 25 | $1.99 | $1.08 | ||
| Q1 25 | $1.69 | $0.69 | ||
| Q4 24 | $2.07 | $0.35 | ||
| Q3 24 | $2.11 | $1.09 | ||
| Q2 24 | $2.13 | $1.45 | ||
| Q1 24 | $1.59 | $1.49 |
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 | $175.1M | — |
| 总债务越低越好 | — | $273.2M |
| 股东权益账面价值 | $2.9B | $601.6M |
| 总资产 | $6.4B | $1.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资MIDDTNC
| Q4 25 | — | — | ||
| 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MIDDTNC
| Q4 25 | — | $273.2M | ||
| Q3 25 | — | $238.3M | ||
| Q2 25 | — | $213.4M | ||
| Q1 25 | — | $213.3M | ||
| Q4 24 | $2.4B | $198.2M | ||
| Q3 24 | — | $208.6M | ||
| Q2 24 | — | $205.6M | ||
| Q1 24 | — | $207.4M |
股东权益MIDDTNC
| Q4 25 | — | $601.6M | ||
| Q3 25 | $2.9B | $640.9M | ||
| Q2 25 | $3.6B | $651.9M | ||
| Q1 25 | $3.7B | $624.4M | ||
| Q4 24 | $3.6B | $620.8M | ||
| Q3 24 | $3.6B | $647.2M | ||
| Q2 24 | $3.4B | $624.6M | ||
| Q1 24 | $3.3B | $614.6M |
总资产MIDDTNC
| Q4 25 | — | $1.3B | ||
| Q3 25 | $6.4B | $1.3B | ||
| Q2 25 | $7.3B | $1.2B | ||
| Q1 25 | $7.4B | $1.2B | ||
| Q4 24 | $7.3B | $1.2B | ||
| Q3 24 | $7.2B | $1.2B | ||
| Q2 24 | $7.0B | $1.2B | ||
| Q1 24 | $6.9B | $1.2B |
负债/权益比MIDDTNC
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 0.66× | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $176.3M | $14.2M |
| 自由现金流经营现金流 - 资本支出 | $156.1M | $9.7M |
| 自由现金流率自由现金流/营收 | 15.9% | 3.3% |
| 资本支出强度资本支出/营收 | 2.1% | 1.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $591.2M | $43.3M |
8季度趋势，按日历期对齐
经营现金流MIDDTNC
| Q4 25 | — | $14.2M | ||
| Q3 25 | $176.3M | $28.7M | ||
| Q2 25 | $122.0M | $22.5M | ||
| Q1 25 | $141.1M | $-400.0K | ||
| Q4 24 | $239.7M | $37.5M | ||
| Q3 24 | $156.7M | $30.7M | ||
| Q2 24 | $149.5M | $18.6M | ||
| Q1 24 | $140.9M | $2.9M |
自由现金流MIDDTNC
| Q4 25 | — | $9.7M | ||
| Q3 25 | $156.1M | $22.3M | ||
| Q2 25 | $101.1M | $18.7M | ||
| Q1 25 | $107.4M | $-7.4M | ||
| Q4 24 | $226.6M | $28.1M | ||
| Q3 24 | $145.2M | $26.4M | ||
| Q2 24 | $138.6M | $14.4M | ||
| Q1 24 | $127.2M | $-100.0K |
自由现金流率MIDDTNC
| Q4 25 | — | 3.3% | ||
| Q3 25 | 15.9% | 7.4% | ||
| Q2 25 | 10.3% | 5.9% | ||
| Q1 25 | 11.8% | -2.6% | ||
| Q4 24 | 22.3% | 8.5% | ||
| Q3 24 | 15.4% | 8.4% | ||
| Q2 24 | 14.0% | 4.4% | ||
| Q1 24 | 13.7% | -0.0% |
资本支出强度MIDDTNC
| Q4 25 | — | 1.5% | ||
| Q3 25 | 2.1% | 2.1% | ||
| Q2 25 | 2.1% | 1.2% | ||
| Q1 25 | 3.7% | 2.4% | ||
| Q4 24 | 1.3% | 2.9% | ||
| Q3 24 | 1.2% | 1.4% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 1.5% | 1.0% |
现金转化率MIDDTNC
| Q4 25 | — | — | ||
| Q3 25 | — | 1.93× | ||
| Q2 25 | 1.15× | 1.11× | ||
| Q1 25 | 1.53× | -0.03× | ||
| Q4 24 | 2.13× | 5.68× | ||
| Q3 24 | 1.37× | 1.48× | ||
| Q2 24 | 1.30× | 0.67× | ||
| Q1 24 | 1.63× | 0.10× |
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
| Commercial Foodservice Equipment Group | $433.7M | 44% |
| Other | $316.8M | 32% |
| Food Processing Group | $120.8M | 12% |
| Residential Kitchen | $110.8M | 11% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
