Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. The Middleby's Pre-Tax Income for the
three
months ended in Dec. 2023 was $87 Mil. The Middleby's Revenue for the
three
months ended in Dec. 2023 was $1,009 Mil. Therefore, The Middleby's pretax margin for the quarter that ended in Dec. 2023 was 8.62%.
The historical rank and industry rank for The Middleby's Pretax Margin % or its related term are showing as below:
MIDD'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.67 Med: 15.59 Max: 19.06
Current: 12.87
MIDD's Pretax Margin % is ranked better than 75.2% of 2972
companies
in the Industrial Products industry
Industry Median: 6.515
vs MIDD: 12.87
The Middleby Pretax Margin % Historical Data
The historical data trend for The Middleby's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of The Middleby's Pretax Margin %
For the Specialty Industrial Machinery subindustry, The Middleby's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Middleby's Pretax Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, The Middleby's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where The Middleby's Pretax Margin % falls into.
The Middleby Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
The Middleby's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Middleby (NAS:MIDD) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
The Middleby Pretax Margin % Related Terms
Thank you for viewing the detailed overview of The Middleby's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.
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