MIDD vs. SMTC

Last updated Apr 1, 2026

Compare and contrast key facts about The Middleby Corporation (MIDD) and Semtech Corporation (SMTC).

Performance

MIDD vs. SMTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Middleby Corporation (MIDD) and Semtech Corporation (SMTC). The values are adjusted to include any dividend payments, if applicable.

MIDD vs. SMTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIDD The Middleby Corporation	-10.82%	9.76%	-7.96%	9.91%	-31.95%	52.62%	17.71%	6.61%	-23.88%	4.77%
SMTC Semtech Corporation	4.34%	19.14%	182.29%	-23.63%	-67.74%	23.36%	36.28%	15.33%	34.12%	8.40%

Fundamentals

EPS MIDD : -$3.90 SMTC : $0.32
PS Ratio MIDD : 1.77 SMTC : 6.59
Total Revenue (TTM) MIDD : $3.88B SMTC : $1.03B
Gross Profit (TTM) MIDD : $1.47B SMTC : $533.62M
EBITDA (TTM) MIDD : $39.60M SMTC : $172.81M

Returns By Period

In the year-to-date period, MIDD achieves a -10.82% return, which is significantly lower than SMTC's 4.34% return. Over the past 10 years, MIDD has underperformed SMTC with an annualized return of 2.04%, while SMTC has yielded a comparatively higher 13.04% annualized return.

MIDD

• 1D: 4.24%
• 1M: -21.49%
• YTD: -10.82%
• 6M: -0.26%
• 1Y: -12.76%
• 3Y*: -3.30%
• 5Y*: -4.34%
• 10Y*: 2.04%

SMTC

• 1D: 8.89%
• 1M: -14.77%
• YTD: 4.34%
• 6M: 7.61%
• 1Y: 123.52%
• 3Y*: 47.13%
• 5Y*: 1.48%
• 10Y*: 13.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MIDD vs. SMTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIDD

MIDD Risk / Return Rank: 26
MIDD Sharpe Ratio Rank: 28
MIDD Sortino Ratio Rank: 26
MIDD Omega Ratio Rank: 26
MIDD Calmar Ratio Rank: 27
MIDD Martin Ratio Rank: 23

SMTC

SMTC Risk / Return Rank: 88
SMTC Sharpe Ratio Rank: 90
SMTC Sortino Ratio Rank: 86
SMTC Omega Ratio Rank: 84
SMTC Calmar Ratio Rank: 89
SMTC Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIDD vs. SMTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Middleby Corporation (MIDD) and Semtech Corporation (SMTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MIDD	SMTC	Difference
Sharpe ratio Return per unit of total volatility	-0.31	1.89	-2.20
Sortino ratio Return per unit of downside risk	-0.16	2.42	-2.58
Omega ratio Gain probability vs. loss probability	0.98	1.32	-0.34
Calmar ratio Return relative to maximum drawdown	-0.47	3.56	-4.03
Martin ratio Return relative to average drawdown	-1.05	12.19	-13.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDD vs. SMTC - Sharpe Ratio Comparison

The current MIDD Sharpe Ratio is -0.31, which is lower than the SMTC Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of MIDD and SMTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MIDD	SMTC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	1.89	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.02	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.25	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.15	+0.26

Correlation

The correlation between MIDD and SMTC is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MIDD vs. SMTC - Dividend Comparison

Neither MIDD nor SMTC has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MIDD vs. SMTC - Drawdown Comparison

The maximum MIDD drawdown since its inception was -77.27%, smaller than the maximum SMTC drawdown of -92.82%. Use the drawdown chart below to compare losses from any high point for MIDD and SMTC.

Drawdown Indicators

	MIDD	SMTC	Difference
Max Drawdown Largest peak-to-trough decline	-77.27%	-92.82%	+15.55%
Max Drawdown (1Y) Largest decline over 1 year	-27.84%	-33.53%	+5.69%
Max Drawdown (5Y) Largest decline over 5 years	-44.38%	-85.40%	+41.02%
Max Drawdown (10Y) Largest decline over 10 years	-69.20%	-85.40%	+16.20%
Current Drawdown Current decline from peak	-33.59%	-20.16%	-13.43%
Average Drawdown Average peak-to-trough decline	-23.98%	-48.15%	+24.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	9.79%	+2.76%

Volatility

MIDD vs. SMTC - Volatility Comparison

The current volatility for The Middleby Corporation (MIDD) is 9.17%, while Semtech Corporation (SMTC) has a volatility of 24.45%. This indicates that MIDD experiences smaller price fluctuations and is considered to be less risky than SMTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDD	SMTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	24.45%	-15.28%
Volatility (6M) Calculated over the trailing 6-month period	23.14%	44.55%	-21.41%
Volatility (1Y) Calculated over the trailing 1-year period	41.99%	65.62%	-23.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.37%	61.21%	-27.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.50%	52.75%	-16.25%

Financials

MIDD vs. SMTC - Profitability Comparison

The chart below illustrates the profitability comparison between The Middleby Corporation and Semtech Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MIDD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Middleby Corporation reported a gross profit of 361.31M and revenue of 982.13M. Therefore, the gross margin over that period was 36.8%.

SMTC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Semtech Corporation reported a gross profit of 138.12M and revenue of 266.97M. Therefore, the gross margin over that period was 51.7%.

MIDD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Middleby Corporation reported an operating income of -554.25M and revenue of 982.13M, resulting in an operating margin of -56.4%.

SMTC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Semtech Corporation reported an operating income of 31.81M and revenue of 266.97M, resulting in an operating margin of 11.9%.

MIDD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Middleby Corporation reported a net income of -512.98M and revenue of 982.13M, resulting in a net margin of -52.2%.

SMTC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Semtech Corporation reported a net income of -2.86M and revenue of 266.97M, resulting in a net margin of -1.1%.