MIDD
The Middleby Corporation
MIDD has lower modeled downside risk, despite its lower overall score.
RDW
Redwire Corporation
RDW has the edge over MIDD overall, supported by stronger valuation and stronger modeled upside.
MIDD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Stable | |
| Healthy |
MIDD's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue is under pressure.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
MIDD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $13.88 | -90% |
| Fair | 18x | $15.65 | -88% |
| Expensive | 26x | $22.14 | -84% |
| Current | 159x | $135 | — |
Historical ranges are pointers, not guarantees.
MIDD's PE is in its expensive range at 159x.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
MIDD Forward outlook
There aren't enough analyst estimates for MIDD to show an outlook.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
MIDD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.85 | +$5.25 |
| Q2 2026 | -$9.26 | -218% |
| Q1 2026 | -$8.48 | -206% |
| Q4 2025 | -$5.73 | -173% |
| Q3 2025 | -$4.40 | -161% |
| Q2 2025 | $7.86 | +9.9% |
| Q1 2025 | $8.00 | +11% |
| Q4 2024 | $7.90 | +6.6% |
MIDD has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
MIDD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $652.6M | -34% |
| Q2 2026 | $875.5M | -10% |
| Q1 2026 | $839.9M | -7.4% |
| Q4 2025 | $866.4M | -15% |
| Q3 2025 | $982.1M | +4.2% |
| Q2 2025 | $977.9M | -1.4% |
| Q1 2025 | $906.6M | -2.2% |
| Q4 2024 | $1B | +0.5% |
MIDD's revenue has slid since its 2023 peak: $653M last quarter, down 34% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +72 points |
| Q2 2026 | 17% | +1 points |
| Q1 2026 | 16% | +0.4 points |
| Q4 2025 | 96% | +79 points |
| Q3 2025 | -56% | -75 points |
| Q2 2025 | 16% | -1.8 points |
| Q1 2025 | 16% | +0.7 points |
| Q4 2024 | 17% | +5.4 points |
MIDD has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over MIDD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
MIDD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.9M | -46% |
| Q2 2026 | $87M | -14% |
| Q1 2026 | $57.7M | -46% |
| Q4 2025 | $194.9M | -14% |
| Q3 2025 | $156.1M | +7.5% |
| Q2 2025 | $101.1M | -27% |
| Q1 2025 | $107.4M | -16% |
| Q4 2024 | $226.6M | -5.6% |
MIDD has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
MIDD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -443K shares |
| 1 year | -11% | -5.6M shares |
| 3 years | -17% | -9.3M shares |
| 5 years | -21% | -12M shares |
| Available history | -19% | -10.8M shares |
MIDD has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $106.5M |
| Q2 2026 | $207.1M |
| Q1 2026 | $374.8M |
| Q4 2025 | $209.3M |
| Q3 2025 | $148.6M |
| Q2 2025 | $322.9M |
| Q1 2025 | $42.8M |
| Q4 2024 | $16.4M |
MIDD spent $898M buying back its own shares over the past year, up 69% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
MIDD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 46.0x | High |
| Q2 2025 | 2.4x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.2x | Moderate |
MIDD's net debt is about 1.3 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
MIDD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.4 | Neutral |
| Stochastic | 74.6 | Neutral |
MIDD's weekly RSI is 62 (neutral) and its Stochastic is 75 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
MIDD PE vs Industrials Sector
| Metric | MIDD | Sector median | Relative |
|---|---|---|---|
| PE | 159x | 24x | 562% above |
| PE % | 100 | 58 | 42 pts above |
MIDD is trading at 159x earnings, a 562% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
MIDD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.2 | 17% above |
| 20 week MA | $121.0 | 12% above |
| 50 week MA | $120.9 | 12% above |
| 100 week MA | $117.4 | 15% above |
| 200 week MA | $114.6 | 18% above |
MIDD has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
MIDD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.3 | $104.1 | +18% |
| 2021 | $104.1 | $154.3 | +48% |
| 2022 | $154.3 | $106.4 | -31% |
| 2023 | $106.4 | $118.4 | +11% |
| 2024 | $118.4 | $109.9 | -7.2% |
| 2025 | $109.9 | $121.6 | +11% |
| 2026 YTD | $121.6 | $135.4 | +11% |
MIDD has finished higher in four of the last six years. It's up 11% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over MIDD on returns for 2026, with the stronger performance.