COMP <GO>
MIDD vs AAON // EV/EBITDA & P/E VALUATION
Middleby Corporation (NASDAQ) VS. AAON Inc. (NASDAQ) • 15-METRIC TALLY: MIDD 9
— AAON 5
▲ EV/EBITDA & P/E VALUATION LEADER: MIDD
LAST: $123.47 (+3.80%) • MKT CAP: $5.38B
valuation
11.4x
LAST: $67.99 (+0.88%) • MKT CAP: $5.56B
valuation
32.5x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MIDD VS. AAON)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MIDD | AAON | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 39.10% | 26.70% | +12.40 | MIDD | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.70% | 9.50% | +0.20 | MIDD | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 11.4x | 32.5x | -21.10 | MIDD | /valuation <GO> |
| Free Cash Flow Yield | 10.52% | -1.04% | +11.56 | MIDD | /fcf-yield <GO> |
| Operating Margin | 18.00% | 10.10% | +7.90 | MIDD | /operating-margins <GO> |
| Net Profit Margin | 11.50% | 7.50% | +4.00 | MIDD | /net-margins <GO> |
| Revenue Growth (YoY) | 1.60% | 13.20% | -11.60 | AAON | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.53% | -0.53 | AAON | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.08 | 6.82 | -3.74 | AAON | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | MIDD | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 70.0 | 38.7 | +31.30 | MIDD | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.94 | 1.01 | -0.07 | AAON | /macro-sensitivity <GO> |
| Forward P/E Multiple | 13.5x | 48.5x | -35.00 | MIDD | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.38B | $5.56B | -$178.2M | AAON | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MIDD REV | AAON REV | MIDD GROSS % | AAON GROSS % | MIDD FCF | AAON FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $3.20B | $1.44B | 39.1% | 26.7% | $559.5M | -$64.4M |
| FY 2024 | $3.15B | $1.20B | 39.7% | 33.1% | $650.1M | $138.5M |
| FY 2023 | $3.24B | $637.0M | — | — | $482.9M | $158.9M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MIDD // BETA 0.94
AAON // BETA 1.01