• Middleby average net profit margin for 2023 was 10.86%, a 9.88% decline from 2022.
• Middleby average net profit margin for 2022 was 12.05%, a 1.07% decline from 2021.
• Middleby average net profit margin for 2021 was 12.18%, a 17.57% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.