A Business at a Glance
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METTLER TOLEDO INTERNATIONAL INC/
MTD
$27.4B
Mkt Cap
$1,327.18
-0.35%
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a current P/E ratio of 31.6, compared to its historical median P/E of 34.7. The stock is currently considered Fair based on its historical valuation range.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a 5-year average return on invested capital (ROIC) of 44.7%. This indicates strong capital allocation and a potential competitive advantage.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a market capitalization of $28.3B. It is classified as a large-cap stock.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.32%.
Based on historical P/E analysis, METTLER TOLEDO INTERNATIONAL INC/ (MTD) appears fair. The current P/E of 31.6 is 9% below its historical median of 34.7. The estimated fair value CAGR (P/E method) is 11.3%.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) operates in the Laboratory Analytical Instruments industry, within the Technology sector.
Mettler-Toledo is a leading global supplier of precision instruments and value-added services with strong market positions across laboratory and industrial applications. The company operates through five reportable segments (U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other Operations) and serves customers in life sciences, food, chemicals, and other industries through a diversified portfolio spanning laboratory instruments (56% of 2025 net sales), industrial instruments (39%), and retail weighing solutions (5%). Laboratory instruments include balances, pipettes, titrators, thermal analysis systems, pH meters, and process analytics sensors, complemented by LabX software for data management and workflow automation; industrial instruments encompass weighing systems, terminals, product inspection equipment (metal detectors, x-ray, checkweighers), and transportation/logistics solutions; and retail solutions serve supermarkets with integrated weighing and labeling systems. The company distributes through both direct sales channels for technically sophisticated products and indirect channels for simpler offerings, with geographic diversification across North and South America (42% of 2025 sales), Europe (29%), and Asia and other countries (29%), and maintains an extensive sales and service network across approximately 40 countries with direct presence in more than 140 countries. Unit economics are characterized by a mix of capital equipment sales with recurring service revenue, software subscriptions, and consumables (pipette tips), supported by a diversified customer base with no single end-customer exceeding 1% of sales and a competitive moat built on innovation leadership, embedded software capabilities, regulatory compliance expertise, and integrated solutions across the customer workflow.
【Cautious growth with margin expansion】 Management expects local currency sales growth of approximately 4% in 2026, with organic volume growth remaining modest as customers maintain cautious investment postures amid geopolitical uncertainty and tariff dynamics, though conditions are anticipated to gradually improve throughout the year. The company expects to fully offset incremental tariff costs through pricing actions and mitigation initiatives, with operating margin expansion of 60–70 basis points on a currency-neutral basis as productivity gains and pricing realization (approximately 2.5% for the full year) offset inflationary pressures. Management remains confident in executing growth and productivity initiatives to gain market share, with particular optimism around replacement demand cycles, automation and digitalization investments, nearshoring activities, and faster-growing segments including bioprocessing, semiconductors, and new energy applications. The company is actively investing in innovation and go-to-market strategies to capitalize on medium-term opportunities, while maintaining disciplined capital allocation focused on share repurchases and small bolt-on acquisitions.
| Metric | Target | Period |
|---|---|---|
| Local currency sales growth | approximately 4% | FY2026 |
| Adjusted EPS | $46.30–$46.95 | FY2026 |
| Free cash flow | approximately $900 million | FY2026 |
| Share repurchases | $825 million–$875 million | FY2026 |
Local currency sales growth (FY2026): “For the full year 2026, our local currency sales growth forecast remains at approximately 4%.”
Adjusted EPS (FY2026): “Adjusted EPS is forecast to be in the range of $46.30-$46.95, which represents a growth rate of 8%-10%.”
Free cash flow (FY2026): “Free cash flow is expected to be approximately $900 million in 2026, which is an increase of 5% on a per-share basis.”
Share repurchases (FY2026): “Share repurchases are expected to be in the range of $825 million-$875 million.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.0B | 4.0B | 3.9B | 3.8B | 3.9B | 3.7B |
| Net Income | 1.2B | 869M | 863M | 789M | 873M | 769M |
| EPS | $58.63 | $42.05 | $40.48 | $35.90 | $38.41 | $32.78 |
| Free Cash Flow | 1.2B | 849M | 864M | 861M | 738M | 801M |
| ROIC | 0.0% | 35.8% | 48.7% | 43.4% | 48.1% | 47.3% |
| Gross Margin | 59.2% | 59.4% | 60.1% | 59.2% | 58.9% | 58.4% |
| Debt/Equity | 0.00 | -152.96 | -16.75 | -14.65 | 85.94 | 10.51 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 1.1B | 1.1B | 1.1B | 1.1B | 993M |
| Operating Margin | 0.0% | 27.8% | 28.7% | 27.7% | 28.7% | 26.7% |
| ROE | 0.0% | - | - | - | 3519.1% | 338.7% |
| Shares Outstanding | 21M | 21M | 21M | 22M | 23M | 23M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.5B | 2.4B | 2.5B | 2.7B | 2.9B | 3.0B | 3.1B | 3.7B | 3.9B | 3.8B | 3.9B | 4.0B | 6.0B |
| Gross Margin | 54.7% | 56.4% | 57.3% | 57.8% | 57.4% | 57.9% | 58.4% | 58.4% | 58.9% | 59.2% | 60.1% | 59.4% | 59.2% |
| R&D | 123M | 119M | 119M | 128M | 141M | 144M | 140M | 170M | 177M | 185M | 189M | 199M | 300M |
| SG&A | 729M | 701M | 745M | 795M | 813M | 819M | 820M | 944M | 938M | 904M | 936M | 998M | 1.5B |
| EBIT | 470M | 491M | 532M | 607M | 686M | 719M | 787M | 993M | 1.1B | 1.1B | 1.1B | 1.1B | 0 |
| Op. Margin | 18.9% | 20.5% | 21.2% | 22.3% | 23.4% | 23.9% | 25.5% | 26.7% | 28.7% | 27.7% | 28.7% | 27.8% | 0.0% |
| Net Income | 338M | 353M | 384M | 376M | 513M | 561M | 603M | 769M | 873M | 789M | 863M | 869M | 1.2B |
| Net Margin | 13.6% | 14.7% | 15.3% | 13.8% | 17.5% | 18.6% | 19.5% | 20.7% | 22.3% | 20.8% | 22.3% | 21.6% | 20.8% |
| Non-Recurring | 5.9M | 11M | 6.2M | 16M | 18M | 16M | 11M | 5.2M | 9.6M | 33M | 20M | 18M | 29M |
| Returns on Capital | |||||||||||||
| ROIC | 32.6% | 36.6% | 36.2% | 31.2% | 27.5% | 22.6% | 30.7% | 47.3% | 48.1% | 43.4% | 48.7% | 35.8% | 0.0% |
| ROE | 40.9% | 54.3% | 75.7% | 76.6% | 90.1% | 111.0% | 171.4% | 338.7% | 3519.1% | N/A | N/A | N/A | 0.0% |
| ROA | 16.4% | 17.9% | 18.6% | 15.9% | 19.8% | 20.8% | 21.5% | 25.0% | 25.6% | 23.0% | 26.2% | 25.0% | 33.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 419M | 440M | 461M | 516M | 565M | 603M | 725M | 909M | 859M | 966M | 968M | 956M | 1.3B |
| Free Cash Flow | 330M | 357M | 337M | 389M | 422M | 506M | 632M | 801M | 738M | 861M | 864M | 849M | 1.2B |
| Owner Earnings | 365M | 386M | 404M | 455M | 496M | 531M | 648M | 822M | 766M | 871M | 871M | 854M | 451M |
| CapEx | 89M | 83M | 124M | 127M | 143M | 97M | 92M | 108M | 121M | 105M | 104M | 107M | 148M |
| Maint. CapEx | 40M | 39M | 41M | 45M | 51M | 54M | 58M | 67M | 73M | 77M | 77M | 80M | 848M |
| Growth CapEx | 49M | 43M | 83M | 82M | 91M | 43M | 35M | 40M | 48M | 29M | 26M | 27M | 0 |
| D&A | 40M | 39M | 41M | 45M | 51M | 54M | 58M | 67M | 73M | 77M | 77M | 80M | 848M |
| CapEx/OCF | 21.3% | 18.8% | 26.9% | 24.7% | 25.3% | 16.1% | 12.8% | 11.8% | 14.1% | 10.9% | 10.7% | 11.2% | 11.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 414M | 495M | 500M | 400M | 475M | 775M | 775M | 1000M | 1.1B | 900M | 850M | 800M | 1.2B |
| Buyback Yield | 4.6% | 5.1% | 4.4% | 2.4% | 3.3% | 3.9% | 2.8% | 2.5% | 3.4% | 3.3% | 3.2% | 2.7% | 4.3% |
| Stock-Based Comp | 14M | 14M | 15M | 17M | 18M | 18M | 19M | 20M | 20M | 18M | 20M | 23M | 33M |
| Debt Repayment | 941K | 1.4M | 680K | 7.2M | 1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 251M | 491M | 735M | 831M | 2.0B | 2.3B | 1.2B | 1.7B | 2.0B | 2.1B | 2.1B | 3.5B | 2.1B |
| Cash & Equiv. | 85M | 99M | 159M | 149M | 178M | 208M | 94M | 99M | 96M | 70M | 59M | 67M | 61M |
| Long-Term Debt | 336M | 575M | 875M | 960M | 985M | 1.2B | 1.3B | 1.6B | 1.9B | 1.9B | 1.8B | 2.1B | 2.2B |
| Debt/Equity | 0.47 | 1.02 | 2.06 | 1.79 | 3.62 | 5.89 | 4.72 | 10.51 | 85.94 | -14.65 | -16.75 | -152.96 | 0.00 |
| Interest Coverage | 19.1 | 17.9 | 19.0 | 18.5 | 19.9 | 19.2 | 20.4 | 23.0 | 20.3 | 13.6 | 14.9 | 16.3 | 16.3 |
| Equity | 720M | 580M | 435M | 547M | 590M | 421M | 283M | 171M | 25M | -150M | -127M | -24M | -42M |
| Total Assets | 2.0B | 2.0B | 2.2B | 2.5B | 2.6B | 2.8B | 2.8B | 3.3B | 3.5B | 3.4B | 3.2B | 3.7B | 3.7B |
| Total Liabilities | 1.3B | 1.4B | 1.7B | 2.0B | 2.0B | 2.4B | 2.5B | 3.2B | 3.5B | 3.5B | 3.4B | 3.7B | 3.7B |
| Intangibles | 113M | 115M | 167M | 227M | 217M | 206M | 197M | 307M | 306M | 285M | 257M | 279M | 274M |
| Retained Earnings | 2.4B | 2.7B | 3.1B | 3.4B | 3.9B | 4.5B | 5.1B | 5.9B | 6.7B | 7.5B | 8.4B | 9.2B | 9.4B |
| Working Capital | 171M | 237M | 309M | 317M | 311M | 355M | 217M | 123M | 227M | 49M | 26M | 165M | 224M |
| Current Assets | 849M | 795M | 897M | 1.0B | 1.0B | 1.1B | 1.1B | 1.3B | 1.4B | 1.2B | 1.2B | 1.4B | 1.3B |
| Current Liabilities | 679M | 558M | 588M | 690M | 734M | 755M | 840M | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.1B |
| Per Share Data | |||||||||||||
| EPS | 11.44 | 12.48 | 14.22 | 14.24 | 19.88 | 22.47 | 24.91 | 32.78 | 38.41 | 35.90 | 40.48 | 42.05 | 58.63 |
| Owner EPS | 12.35 | 13.66 | 14.96 | 17.23 | 19.23 | 21.27 | 26.79 | 35.03 | 33.73 | 39.66 | 40.84 | 41.30 | 21.11 |
| Book Value | 24.34 | 20.53 | 16.09 | 20.73 | 22.88 | 16.85 | 11.68 | 7.31 | 1.09 | -6.82 | -5.95 | -1.14 | -1.96 |
| Cash Flow/Share | 14.17 | 15.56 | 17.05 | 19.56 | 21.91 | 24.17 | 29.95 | 38.74 | 37.82 | 43.96 | 45.41 | 46.24 | 97.80 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 29.6M | 28.3M | 27.0M | 26.4M | 25.8M | 25.0M | 24.2M | 23.5M | 22.7M | 22.0M | 21.3M | 20.7M | 21.4M |
| Valuation | |||||||||||||
| P/E Ratio | 26.6 | 27.5 | 29.6 | 43.7 | 28.0 | 35.3 | 45.6 | 51.1 | 37.2 | 34.1 | 30.5 | 33.8 | 22.6 |
| P/FCF | 27.3 | 27.2 | 33.8 | 42.3 | 34.0 | 39.1 | 43.4 | 49.0 | 44.0 | 31.3 | 30.4 | 34.6 | 23.9 |
| EV/EBIT | 19.5 | 20.6 | 22.4 | 28.2 | 21.9 | 29.1 | 36.4 | 41.2 | 30.6 | 27.7 | 25.6 | 28.2 | N/A |
| Price/Book | 12.5 | 16.7 | 26.1 | 30.0 | 24.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 13.6 | 17.0 | 4.0 | 5.4 | 5.2 | 5.9 | 6.9 | 8.6 | 7.7 | 7.6 | 7.3 | 6.5 | 4.8 |
| FCF Yield | 3.7% | 3.7% | 3.0% | 2.4% | 2.9% | 2.6% | 2.3% | 2.0% | 2.3% | 3.2% | 3.3% | 2.9% | 4.2% |
| Market Cap | 9.0B | 9.7B | 11.4B | 16.4B | 14.4B | 19.8B | 27.5B | 39.3B | 32.5B | 26.9B | 26.3B | 29.4B | 28.3B |
| Avg. Price | 255.08 | 318.49 | 374.83 | 559.80 | 592.04 | 713.92 | 876.44 | 1,361.59 | 1,324.54 | 1,304.57 | 1,328.60 | 1,259.86 | 1,327.18 |
| Year-End Price | 304.33 | 343.46 | 420.58 | 622.60 | 557.54 | 792.83 | 1,134.76 | 1,675.17 | 1,430.18 | 1,225.26 | 1,234.23 | 1,420.10 | 1,327.18 |
METTLER TOLEDO INTERNATIONAL INC/ passes 7 of 9 quality checks, indicating strong fundamentals.
METTLER TOLEDO INTERNATIONAL INC/ trades at 31.6x trailing earnings, compared to its 15-year median P/E of 34.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 31.8x vs a median of 36.9x. The company's 5-year average ROIC is 44.7% with a gross margin of 59.2%. Total shareholder yield (buybacks) is 4.3%. At current prices, the estimated annualized return to fair value is +14.1%.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) reported annual revenue of $4.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a net profit margin of 21.6%. This is a strong margin indicating high profitability.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) generated $849 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) reported earnings per share (EPS) of $42.05 in its most recent fiscal year.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a 5-year average gross margin of 59.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for METTLER TOLEDO INTERNATIONAL INC/ (MTD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
METTLER TOLEDO INTERNATIONAL INC/ (MTD) has a book value per share of $-1.14, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects local currency sales growth of approximately 4% in 2026, with organic volume growth remaining modest as customers maintain cautious investment postures amid geopolitical uncertainty and tariff dynamics, though conditions are anticipated to gradually improve throughout the year. The company expects to fully offset incremental tariff costs through pricing actions and mitigation initiatives, with operating margin expansion of 60–70 basis points on a currency-neutral basis as productivity gains and pricing realization (approximately 2.5% for the full year) offset inflationary pressures. Management remains confident in executing growth and productivity initiatives to gain market share, with particular optimism around replacement demand cycles, automation and digitalization investments, nearshoring activities, and faster-growing segments including bioprocessing, semiconductors, and new energy applications. The company is actively investing in innovation and go-to-market strategies to capitalize on medium-term opportunities, while maintaining disciplined capital allocation focused on share repurchases and small bolt-on acquisitions.
Based on recent SEC filings and earnings calls, METTLER TOLEDO INTERNATIONAL INC/ (MTD) has provided the following forward guidance: Local currency sales growth: approximately 4% (FY2026); Adjusted EPS: $46.30–$46.95 (FY2026); Free cash flow: approximately $900 million (FY2026); Share repurchases: $825 million–$875 million (FY2026).