MIDD
The Middleby Corporation
MIDD trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT 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.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over MIDD in the historical PE scenario, which offers more potential upside but is not a forecast.
MIDD Forward outlook
There aren't enough analyst estimates for MIDD to show an outlook.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
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 returned to profit: it earned $0.85 per share over the past year, after losing money the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over MIDD on earnings, with more consistent year-over-year improvement.
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's operating margin was 15% last quarter, up 72 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over MIDD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over MIDD on profitability, with a higher operating margin.
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 still generates free cash flow, though less than at its 2023 peak: $425M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over MIDD on cash flow, with more consistent year-over-year improvement.
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 VRT 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.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
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.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over MIDD on leverage, with a lower net debt burden relative to earnings.
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).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
MIDD PE vs Industrials Sector
| Metric | MIDD | Sector median | Relative |
|---|---|---|---|
| PE | 159x | 24x | 563% above |
| PE % | 100 | 58 | 42 pts above |
MIDD is trading at 159x earnings, a 563% premium to the Industrials sector's median of 24x.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT has the edge over MIDD on valuation relative to its sector.
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 VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above 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.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over MIDD on returns for 2026, with the stronger performance.