IDEX vs Middleby
IDEX and Middleby are similar in size: $3.46bn and $3.20bn of revenue in their latest fiscal years. IDEX grew faster (5.8% against 1.6%). IDEX kept more of each dollar of sales as profit: a net margin of 14.0% against -8.7%. IDEX carries less debt relative to equity (45.4% against 78.3%).
| Latest fiscal year | IDEXIEX, 2025 | MiddlebyMIDD, 2025 |
|---|---|---|
| Revenue | $3.46bn | $3.20bn |
| Revenue growth | 5.8% | 1.6% |
| Net income | $483m | −$278m |
| Operating margin | 20.2% | 18.0% |
| Net margin | 14.0% | -8.7% |
| Return on equity | 12.4% | -8.7% |
| Free cash flow | $617m | $559m |
| Cash | $580m | $222m |
| Total debt | $1.83bn | $2.17bn |
| Debt to equity | 45.4% | 78.3% |
| Dividend per share | $2.84 | — |
| Dividend yield | 1.2% | — |
| Share buybacks | $248m | $724m |
| Employees | 8,700 | — |
| Market value | $17.58bn | $5.58bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 83 (Strong) | 76 (Strong) |
| Insider trades, 12 months | 1 buys, 3 sales | 8 buys, 0 sales |