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Hayward vs MIDDLEBY: revenue, profit, margins and growth compared

Hayward brought in $1.1B of revenue in fiscal 2025, MIDDLEBY $3.2B in fiscal 2025. Revenue changed by +6.7% at Hayward and +1.6% at MIDDLEBY on the year before, so Hayward grew faster. Hayward kept 13.5% of its revenue as net profit, MIDDLEBY -8.7%. Free cash flow was $227.3M at Hayward and $559.5M at MIDDLEBY.

Side by side, latest fiscal year

HAYWMIDD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (January 3, 2026)
Revenue$1.1B$3.2B
Revenue growth+6.7%+1.6%
Net income$151.6M-$277.7M
Net margin13.5%-8.7%
Free cash flow$227.3M$559.5M
Free cash flow margin20.3%17.5%
Earnings per share (diluted)$0.68-$5.32
Cash$329.6M$222.2M
Debt$959.8M$2.2B
Price to earnings18.6n/a
Market value$2.7B$4.9B
Dividend yieldn/an/a
Rank by revenue in sector#265 of 451 · Industrials#171 of 451 · Industrials

Over the years

Revenue
HAYW FY2019: $733.4MHAYW FY2021: $875.4MHAYW FY2021: $1.4BHAYW FY2022: $1.3BHAYW FY2023: $992.5MHAYW FY2024: $1.1BHAYW FY2025: $1.1BMIDD FY2018: $2.7BMIDD FY2019: $3BMIDD FY2020: $2.5BMIDD FY2021: $3.3BMIDD FY2022: $4BMIDD FY2023: $3.2BMIDD FY2024: $3.2BMIDD FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $1.1BMIDD $3.2B
Net income
HAYW FY2019: $8.5MHAYW FY2021: $43.3MHAYW FY2021: $203.7MHAYW FY2022: $179.3MHAYW FY2023: $80.7MHAYW FY2024: $118.7MHAYW FY2025: $151.6MMIDD FY2018: $317.2MMIDD FY2019: $352.2MMIDD FY2020: $207.3MMIDD FY2021: $488.5MMIDD FY2022: $436.6MMIDD FY2023: $400.9MMIDD FY2024: $428.4MMIDD FY2025: -$277.7MFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $151.6MMIDD -$277.7M
Net margin
HAYW FY2019: 1.2%HAYW FY2021: 4.9%HAYW FY2021: 14.5%HAYW FY2022: 13.6%HAYW FY2023: 8.1%HAYW FY2024: 11.3%HAYW FY2025: 13.5%MIDD FY2018: 11.6%MIDD FY2019: 11.9%MIDD FY2020: 8.2%MIDD FY2021: 15.0%MIDD FY2022: 10.8%MIDD FY2023: 12.4%MIDD FY2024: 13.6%MIDD FY2025: -8.7%FY18FY19FY20FY21FY22FY23FY24FY25
HAYW 13.5%MIDD -8.7%
Revenue growth
HAYW FY2021: +19.4%HAYW FY2021: +60.1%HAYW FY2022: -6.3%HAYW FY2023: -24.5%HAYW FY2024: +6.0%HAYW FY2025: +6.7%MIDD FY2019: +8.7%MIDD FY2020: -15.1%MIDD FY2021: +29.3%MIDD FY2022: +24.1%MIDD FY2023: -19.6%MIDD FY2024: -2.8%MIDD FY2025: +1.6%FY19FY20FY21FY22FY23FY24FY25
HAYW +6.7%MIDD +1.6%
Free cash flow
HAYW FY2019: $68.9MHAYW FY2021: $199.6MHAYW FY2021: $163.2MHAYW FY2022: $86.3MHAYW FY2023: $155.6MHAYW FY2024: $189.7MHAYW FY2025: $227.3MMIDD FY2018: $332.9MMIDD FY2019: $330.8MMIDD FY2020: $489.9MMIDD FY2021: $376.8MMIDD FY2022: $265.3MMIDD FY2023: $569.6MMIDD FY2024: $650.1MMIDD FY2025: $559.5MFY18FY19FY20FY21FY22FY23FY24FY25
HAYW $227.3MMIDD $559.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hayward and MIDDLEBY

Which is bigger by revenue, Hayward or MIDDLEBY?

MIDDLEBY is bigger by revenue: $3.2B in fiscal 2025, against $1.1B for Hayward in fiscal 2025.

Which keeps more of its revenue as profit, Hayward or MIDDLEBY?

Hayward had a net margin of 13.5% in fiscal 2025; MIDDLEBY had -8.7% in fiscal 2025.

Which grew revenue faster, Hayward or MIDDLEBY?

In their latest fiscal years revenue changed by +6.7% at Hayward and +1.6% at MIDDLEBY.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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