Mettler-Toledo International Inc.MTD
NYSE•Healthcare•Diagnostics & Research
Mettler-Toledo International Inc. manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other Operations. The company offers laboratory instruments, such as laboratory balances, liquid pipetting solutions, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, density and refractometry instruments, and thermal analysis systems; and other analytical instruments, including UV/VIS spectrophotometers, moisture analyzers, and cell counters, as well as LabX, a laboratory software platform to manage and analyze data generated by its instruments and automate workflows. It also provides industrial instruments comprising industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detectors, x-ray systems, checkweighers, and camera-based imaging equipment. In addition, the company offers retail weighing solutions consisting of weighing and software solutions, AI-driven image recognition solutions for fresh goods, and automated packaging and labeling solutions for the meat backroom. The company serves pharmaceutical and biotech companies, independent research organizations, and testing labs; food manufacturers and retailers; chemical, specialty chemicals, and cosmetics companies; transportation and logistics, metals, and electronics industries; and academic community through its direct sales force and indirect distribution channels. Mettler-Toledo International Inc. was incorporated in 1991 and is headquartered in Greifensee, Switzerland.
Mettler-Toledo International, I (MTD) reported trailing twelve months revenue of $6.02B as of March 2026, a 6.1% increase year-over-year. Quarterly revenue reached $947.13M, reflecting continued top-line momentum.
Mettler-Toledo International, I generated $1.29B in TTM net income, with quarterly EBITDA of $215.49M. The operating margin contracted from 26.9% to 21.4%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (21.4%) and net margin (17.9%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 22.2% a year ago, reflecting increased costs or interest expense.
MTD trades at a P/E of 19.6x (in line with broad market averages) and a P/S of 4.2x.
The company generated $122.38M in free cash flow over the trailing twelve months, a 51.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $3.67B in total assets with $2.16B in long-term debt against $-41.88M in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~25.5%, suggesting durable pricing power and cost discipline.
Limited ROE data for a reliable assessment.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~25.7% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
TTM revenue has contracted 25.7% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.1% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation