Mettler-Toledo International Inc.

MTD · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Valuation
Market cap	$28,481	$25,823	$26,302	$32,225	$39,011	$26,196	$18,234	$13,000	$14,240	$9,621	$7,795	$8,738	$7,265	$6,001	$4,712	$5,032	$3,540	$2,308	$4,213	$3,159	$2,330	$2,270	$1,877	$1,420	$2,106	$2,023	$1,471	$1,076	$545
Enterprise value	$30,758	$27,895	$28,428	$34,260	$40,714	$27,437	$19,317	$13,857	$15,071	$10,356	$8,286	$9,105	$7,566	$6,288	$4,981	$5,266	$3,748	$2,684	$4,529	$3,364	$2,455	$2,406	$2,074	$1,701	$2,438	$2,289	$1,750	$1,446	$922
P/E (TTM) at period end	32.77×	29.92×	33.34×	36.93×	50.73×	43.46×	32.50×	25.36×	37.88×	25.03×	22.09×	25.83×	23.73×	20.63×	17.48×	21.68×	20.51×	11.38×	23.60×	20.05×	21.39×	21.03×	19.59×	14.14×	29.14×	28.85×	30.58×	28.63×	–
P/S (TTM) at period end	7.07×	6.67×	6.94×	8.22×	10.49×	8.49×	6.06×	4.43×	5.23×	3.84×	3.25×	3.52×	3.05×	2.56×	2.04×	2.56×	2.05×	1.17×	2.35×	1.98×	1.57×	1.62×	1.44×	1.17×	1.83×	1.85×	1.38×	1.15×	0.62×
P/B at period end	–	–	–	1299.77×	227.58×	92.67×	43.33×	22.03×	26.02×	22.12×	13.43×	12.14×	7.77×	7.25×	6.03×	6.52×	4.98×	4.59×	7.25×	5.01×	3.54×	3.15×	2.87×	2.83×	5.42×	11.31×	13.13×	20.01×	21.47×
EV / EBITDA (TTM)	26.30×	23.69×	25.19×	29.21×	39.16×	33.21×	25.17×	19.24×	23.43×	18.08×	15.15×	17.84×	15.60×	13.77×	12.08×	14.43×	12.00×	8.15×	15.03×	13.35×	10.55×	11.67×	10.78×	8.93×	15.69×	13.91×	11.86×	11.52×	9.00×
EV / Sales (TTM)	7.64×	7.20×	7.50×	8.74×	10.95×	8.89×	6.42×	4.72×	5.53×	4.13×	3.46×	3.66×	3.18×	2.69×	2.16×	2.68×	2.17×	1.36×	2.52×	2.11×	1.66×	1.71×	1.59×	1.40×	2.12×	2.09×	1.64×	1.55×	1.05×
Returns
Return on equity	–	–	–	3519.1%	448.6%	213.2%	133.3%	86.9%	68.7%	88.4%	60.8%	47.0%	32.7%	35.2%	34.5%	30.1%	24.3%	40.3%	30.7%	25.0%	16.5%	15.0%	14.7%	20.0%	18.6%	39.2%	42.9%	69.9%	(259.4%)
Return on invested capital	41.1%	48.2%	44.2%	44.6%	43.0%	41.4%	39.9%	37.1%	29.0%	35.2%	36.5%	33.4%	27.7%	28.9%	28.0%	25.2%	23.6%	26.0%	21.6%	25.1%	16.9%	13.7%	12.8%	18.1%	10.0%	19.0%	17.4%	14.1%	17.6%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.14×	1.02×	1.04×	1.20×	1.11×	1.26×	1.47×	1.42×	1.46×	1.53×	1.42×	1.25×	1.62×	1.54×	1.67×	2.11×	1.31×	1.58×	1.53×	1.74×	2.27×	1.59×	1.54×	1.29×	1.24×	1.21×	1.15×	1.22×	1.18×
Debt / equity	(91.05×)	(15.87×)	(13.88×)	81.25×	9.81×	4.72×	3.07×	1.75×	1.79×	2.06×	1.02×	0.63×	0.44×	0.47×	0.65×	0.88×	0.41×	0.90×	0.68×	0.56×	0.68×	0.28×	0.37×	0.62×	0.93×	1.61×	2.65×	7.19×	15.62×
Effective tax rate	17.1%	16.8%	19.0%	18.5%	19.0%	19.5%	17.7%	21.4%	34.5%	23.8%	23.9%	24.0%	24.0%	24.0%	22.8%	24.5%	23.2%	23.8%	26.5%	2.3%	32.0%	30.0%	30.0%	9.0%	39.0%	35.5%	39.5%	35.8%	(273.4%)
Share count
Diluted shares outstanding	21	21	22	23	23	24	25	26	26	27	28	30	31	32	33	34	34	35	38	41	43	45	46	45	43	42	41	41	32

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Revenue and gross profit
Revenue	$4,134	$4,026	$3,872	$3,788	$3,920	$3,718	$3,085	$3,009	$2,936	$2,725	$2,508	$2,395	$2,486	$2,379	$2,342	$2,309	$1,968	$1,729	$1,973	$1,794	$1,595	$1,482	$1,404	$1,304	$1,214	$1,148	$1,096	$1,065	$936	$878
Cost of revenue	($1,643)	($1,636)	($1,547)	($1,547)	($1,612)	($1,546)	($1,284)	($1,267)	($1,251)	($834)	($768)	($745)	($811)	($795)	($811)	($799)	($662)	($584)	($702)	($909)	($816)	($764)	($734)	($686)	($646)	($619)	($578)	($560)	($496)	($468)
Gross profit	$2,491	$2,391	$2,326	$2,241	$2,308	$2,172	$1,801	$1,741	$1,684	$1,576	$1,438	$1,352	$1,359	$1,282	$1,241	$1,218	$1,037	$889	$993	$884	$779	$719	$670	$618	$568	$529	$517	$505	$440	$410
Operating expenses
Research and development	($208)	($199)	($189)	($185)	($177)	($170)	($140)	($144)	($141)	($128)	($119)	($119)	($123)	($116)	($113)	($116)	($97)	($90)	($102)	($92)	($83)	($82)	($83)	($78)	($71)	($65)	($56)	($57)	($49)	($48)
Selling, general and administrative	($1,030)	($998)	($936)	($904)	($938)	($944)	($820)	($819)	($813)	($795)	($745)	($701)	($729)	($693)	($684)	($704)	($589)	($505)	($580)	($529)	($482)	($442)	($420)	($373)	($332)	($299)	($296)	($300)	($266)	($260)
Total operating expenses	($1,317)	($1,272)	($1,199)	($1,162)	($1,182)	($1,177)	($1,017)	($1,013)	($1,001)	($966)	($898)	($838)	($882)	($832)	($818)	($838)	($702)	($607)	($693)	($622)	($565)	($524)	($503)	($463)	($412)	($410)	($386)	($393)	($347)	($340)
Total costs and expenses	($2,960)	($2,908)	($2,745)	($2,709)	($2,793)	($2,723)	($2,301)	($2,280)	($2,253)	($2,115)	($1,968)	($1,882)	($2,009)	($1,929)	($1,918)	($1,929)	($1,633)	($1,446)	($1,673)	($1,531)	($1,380)	($1,287)	($1,237)	($1,149)	($1,058)	($1,030)	($964)	($953)	($842)	($808)
Operating income	$1,174	$1,118	$1,127	$1,080	$1,126	$995	$784	$728	$683	$610	$540	$514	$477	$450	$423	$381	$335	$283	$300	$263	$214	$195	$167	$156	$156	$118	$131	$112	$93	$71
Earnings
EBITDA	$1,227	$1,170	$1,177	$1,129	$1,173	$1,040	$826	$767	$720	$643	$573	$547	$510	$485	$457	$412	$365	$312	$329	$301	$252	$233	$206	$192	$191	$155	$165	$148	$126	$102
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($69)	($69)	($75)	($77)	($55)	($43)	($39)	($37)	($35)	($33)	($28)	($27)	($25)	($23)	($23)	($23)	($20)	($25)	($25)	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,097	$1,049	$1,037	$974	$1,071	$949	$749	$681	$652	$574	$504	$463	$445	$403	$383	$349	$308	$225	$266	$243	$2,048	$160	$154	$137	$110	$118	$109	$80	$59	($6)
Income tax expense	($192)	($180)	($174)	($185)	($198)	($180)	($146)	($120)	($139)	($198)	($120)	($111)	($107)	($97)	($92)	($80)	($75)	($52)	($63)	($64)	($47)	($51)	($46)	($41)	($10)	($46)	($39)	($31)	($21)	($18)
Net income	$906	$869	$863	$789	$873	$769	$603	$561	$513	$376	$384	$353	$338	$306	$291	$269	$232	$173	$203	$179	$158	$109	$108	$96	$100	$72	$70	$48	$38	($66)
Per share
Diluted EPS (GAAP)	$44.43	$42.05	$40.48	$35.90	$38.41	$32.78	$24.91	$22.47	$19.88	$14.24	$14.22	$12.48	$11.44	$9.96	$9.14	$8.21	$6.80	$5.03	$5.79	$4.70	$3.86	$2.52	$2.37	$2.11	$2.21	$1.68	$1.66	$1.16	$0.92	($2.08)
Basic EPS (GAAP)	$44.54	$42.17	$40.67	$36.10	$38.79	$33.25	$25.24	$22.84	$20.33	$14.62	$14.49	$12.75	$11.71	$10.22	$9.37	$8.45	$6.98	$5.12	$5.92	$4.82	$3.93	$2.58	$2.44	$2.15	$2.27	$1.78	$1.80	$1.25	$0.98	($2.08)
Basic shares outstanding	20	21	21	22	22	23	24	25	25	26	27	28	29	30	31	32	33	34	34	37	40	42	44	44	44	41	39	39	38	32
Margins
Gross margin	60.3%	59.4%	60.1%	59.2%	58.9%	58.4%	58.4%	57.9%	57.4%	57.8%	57.3%	56.4%	54.7%	53.9%	53.0%	52.8%	52.7%	51.4%	50.3%	49.3%	48.8%	48.5%	47.7%	47.4%	46.8%	46.1%	47.2%	47.4%	47.0%	46.7%
Operating margin	28.4%	27.8%	29.1%	28.5%	28.7%	26.8%	25.4%	24.2%	23.3%	22.4%	21.5%	21.4%	19.2%	18.9%	18.1%	16.5%	17.0%	16.3%	15.2%	14.7%	13.4%	13.2%	11.9%	11.9%	12.8%	10.3%	12.0%	10.5%	10.0%	8.0%
Net margin	21.9%	21.6%	22.3%	20.8%	22.3%	20.7%	19.5%	18.6%	17.5%	13.8%	15.3%	14.7%	13.6%	12.9%	12.4%	11.7%	11.8%	10.0%	10.3%	10.0%	9.9%	7.3%	7.7%	7.3%	8.3%	6.3%	6.4%	4.5%	4.0%	(7.5%)

Analyst consensus

Hold19 analysts

Bearish · 0 · Hold · 11 · Bullish · 8

Earnings history

	EPS	Estimate
Q3 2024	$10.21	$10.01	Beat
Q4 2024	$12.41	$11.72	Beat
Q1 2025	$8.19	$7.88	Beat
Q2 2025	$10.09	$9.60	Beat
Q3 2025	$11.15	$10.66	Beat
Q4 2025	$13.36	$12.80	Beat
Q1 2026	$8.91	$8.71	Beat
Q2 2026	$11.46	$10.85	Beat

Peers

Company overview

IPO dateNov 14, 1997

CEOPatrick K. Kaltenbach

Employees16,600

SectorHealthcare

IndustryMedical - Diagnostics & Research

CountryUS

ExchangeNew York Stock Exchange

Websitewww.mt.com

Mettler-Toledo International Inc. (MTD) is a global enterprise dedicated to the production and provision of precision instruments and related services. The company's operations are strategically organized across five geographical divisions: its domestic U.S. market, Swiss operations, Western European activities, Chinese operations, and an 'Other' segment covering remaining territories. Their extensive product portfolio serves diverse scientific and industrial needs. Within the laboratory sphere, Mettler-Toledo supplies a comprehensive array of equipment, including high-precision balances, advanced liquid handling systems (such as pipetting solutions), automated laboratory reactors, titrators, pH meters, sensors and analyzers for process analytics, instruments for evaluating physical properties, thermal analysis systems, and various other analytical tools. These hardware offerings are complemented by LabX, their proprietary software platform designed for managing and analyzing instrument-generated data. For industrial applications, the company offers robust weighing instruments with associated terminals, automated systems for dimensional measurement and data capture, heavy-duty vehicle scales, specialized industrial software, and a full suite of product inspection technologies. This includes metal detectors, X-ray inspection systems, checkweighers, camera-based imaging equipment, and solutions for track-and-trace. Additionally, Mettler-Toledo provides sophisticated retail weighing solutions, encompassing networked scales and accompanying software, standalone scales, and automated packaging and labeling systems specifically tailored for fresh food items. The company caters to a wide spectrum of clients, including the life sciences sector, independent research organizations, testing laboratories, food and beverage manufacturers, food retailers, chemical, specialty chemical, and cosmetics companies, transportation and logistics firms, metals and electronics industries, and the academic community. Sales and support are conducted through both a direct sales force and an established network of indirect distribution channels. Mettler-Toledo International Inc. was founded in 1991 and is headquartered in Columbus, Ohio.

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