Mettler-Toledo International Inc. (MTD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$10.8	$11.5	+6.1%	—	—	—
Q3 26	$8.71	$8.91	+2.3%	—	—	—
Q2 26	$10.7	$11.2	+4.6%	—	—	—
Q1 26	$9.6	$10.1	+5.1%	—	—	—
Q4 25	$7.88	$8.19	+3.9%	—	—	—
Q3 25	$11.7	$12.4	+5.9%	—	—	—
Q2 25	$10	$10.2	+2.0%	—	—	—
Q1 25	$9.05	$9.65	+6.6%	—	—	—
Q4 24	$7.65	$8.89	+16.2%	—	—	—
Q3 24	$9.54	$9.4	-1.5%	—	—	—
Q2 24	$9.74	$9.8	+0.6%	—	—	—
Q1 24	$9.97	$10.2	+2.2%	—	—	—
Q4 23	$8.6	$8.69	+1.0%	—	—	—
Q3 23	$11.7	$12.1	+3.8%	—	—	—
Q2 23	$9.83	$10.2	+3.6%	—	—	—
Q1 23	$8.76	$9.39	+7.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$42.2	—	—	$4B	—
FY24	—	$40.7	—	—	$3.9B	—
FY23	—	$36.1	—	—	$3.8B	—
FY22	—	$38.8	—	—	$3.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.7B	$2.9B	$3B	$3.1B	$3.7B	$3.9B	$3.8B	$3.9B	$4B
YoY change	+4.71%	+8.64%	+7.73%	+2.49%	+2.54%	+20.5%	+5.43%	-3.35%	+2.22%	+3.98%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.7B	2.9B	3B	3.1B	3.7B	3.9B	3.8B	3.9B	4B
Cost of revenue	1.1B	1.1B	1.3B	1.3B	1.3B	1.5B	1.6B	1.5B	1.5B	1.6B
Gross profit	1.4B	1.6B	1.7B	1.7B	1.8B	2.2B	2.3B	2.2B	2.3B	2.4B
Gross margin	57.3%	57.8%	57.4%	57.9%	58.4%	58.4%	58.9%	59.2%	60.1%	59.4%
Research & development	119.2M	128.3M	141.1M	143.9M	140.1M	169.8M	177.1M	185.3M	189.4M	199.4M
Selling, general & administrative	745.4M	794.9M	812.8M	819.2M	820.2M	944M	938.5M	904.1M	936.3M	998.3M
Operating expenses	864.6M	923.2M	953.9M	963.1M	960.3M	1.1B	1.1B	1.1B	1.1B	1.2B
Operating income	537.1M	609.9M	683M	728.4M	784M	994.7M	1.1B	1.1B	1.1B	1.1B
Operating margin	21.4%	22.4%	23.3%	24.2%	25.4%	26.8%	28.7%	28.5%	29.1%	27.8%
Non-operating income, net	-4.9M	-2.9M	3.4M	-9.6M	3.3M	-2.1M	-236K	-28.6M	-15.2M	-1.1M
Pretax income	504.2M	574.2M	651.9M	681.4M	748.7M	949.4M	1.1B	973.7M	1B	1B
Income tax	119.8M	198.3M	139.2M	120.3M	146M	180.4M	198.1M	184.9M	174.1M	179.7M
Net income	384.4M	376M	512.6M	561.1M	602.7M	769M	872.5M	788.8M	863.1M	869.2M
Net margin	15.3%	13.8%	17.5%	18.6%	19.5%	20.7%	22.3%	20.8%	22.3%	21.6%
EBITDA	607.2M	695.9M	789.5M	823.2M	896.6M	1.1B	1.2B	1.2B	1.3B	1.3B
EPS	14.5	14.6	20.3	22.8	25.2	33.3	38.8	36.1	40.7	42.2
Diluted EPS	14.2	14.2	19.9	22.5	24.9	32.8	38.4	35.9	40.5	42

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	942.5M	935M	925.9M	946.8M	954.5M	1B	883.7M	983.2M	1B	1.1B	947.1M	1B
Cost of revenue	382.9M	383.4M	377.8M	381.1M	382.1M	405.8M	357.9M	403.3M	420.2M	454.3M	391.3M	377.1M
Gross profit	559.5M	551.6M	548.1M	565.7M	572.5M	639.3M	525.9M	579.9M	609.5M	675.4M	555.8M	650.2M
Gross margin	59.4%	59%	59.2%	59.7%	60%	61.2%	59.5%	59%	59.2%	59.8%	58.7%	63.3%
Research & development	46.1M	46.4M	46.4M	45.8M	47.1M	50.1M	46.3M	49.3M	51.1M	52.6M	51.3M	53M
Selling, general & administrative	217.4M	223.4M	234.4M	235.8M	228.8M	237.3M	242.8M	247.3M	248.4M	259.8M	258.3M	263.3M
Operating expenses	263.6M	269.9M	280.8M	281.6M	275.9M	287.4M	289.1M	296.6M	299.5M	312.4M	309.6M	316.3M
Operating income	277.7M	263.7M	249.1M	265.9M	278.3M	333.7M	219.5M	265.7M	289.9M	343.3M	226.6M	314.5M
Operating margin	29.5%	28.2%	26.9%	28.1%	29.2%	31.9%	24.8%	27%	28.2%	30.4%	23.9%	30.6%
Non-operating income, net	-6.2M	-11.5M	-9.3M	-3.8M	-779K	-1.3M	-946K	—	—	—	—	-7.8M
Pretax income	251.2M	232.6M	220.5M	243.2M	259M	314.5M	201.9M	248.7M	269.2M	329.1M	209.7M	289.4M
Income tax	49.5M	47.8M	43M	21.4M	47.4M	62.2M	38.4M	46.3M	51.7M	43.3M	40.2M	56.5M
Net income	201.6M	184.8M	177.5M	221.8M	211.5M	252.3M	163.6M	202.3M	217.5M	285.8M	169.5M	232.9M
Net margin	21.4%	19.8%	19.2%	23.4%	22.2%	24.1%	18.5%	20.6%	21.1%	25.3%	17.9%	22.7%
EBITDA	309.3M	295.9M	280.2M	298M	311.3M	365.4M	252M	299.4M	325.6M	383.8M	266.7M	344.8M
EPS	9.26	8.56	8.28	10.4	10	12	7.84	9.78	10.6	14	8.35	11.6
Diluted EPS	9.21	8.52	8.24	10.4	9.96	12	7.81	9.76	10.6	14	8.33	11.6

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	11.1B	15.9B	14.3B	19.5B	27.2B	39.3B	32.5B	26.5B	26B	28.7B	31B
Enterprise value	11.8B	16.8B	15.1B	20.6B	28.5B	40.8B	34.4B	28.5B	27.9B	30.8B	32.4B
Shares outstanding	26.5M	25.7M	25.2M	24.6M	23.9M	23.1M	22.5M	21.8M	21.2M	20.6M	20.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	28.9	42.4	27.8	34.7	45.2	51	37.3	33.6	30.1	33.1	34.1
P/S	4.43	5.85	4.86	6.48	8.82	10.6	8.29	7	6.71	7.14	7.33
P/B	25.5	29.1	24.2	46.3	96.3	229	1.3K	-176.7	-204.7	-1.2K	2.4K
EV/EBITDA	19.5	24.1	19.1	25	31.7	36.9	27.6	23.7	22.3	24.4	25.4
EV/Sales	4.72	6.15	5.15	6.84	9.22	11	8.78	7.53	7.21	7.65	7.83
Earnings yield	3.46%	2.36%	3.59%	2.88%	2.21%	1.96%	2.68%	2.98%	3.32%	3.02%	2.93%
FCF yield	3.03%	2.44%	2.96%	2.6%	2.32%	2.04%	2.27%	3.25%	3.33%	2.95%	2.24%
PEG	—	—	—	—	—	—	—	—	—	—	1.86

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	57.3%	57.8%	57.4%	57.9%	58.4%	58.4%	58.9%	59.2%	60.1%	59.4%	63.3%
Operating margin	21.4%	22.4%	23.3%	24.2%	25.4%	26.8%	28.7%	28.5%	29.1%	27.8%	31.2%
Net margin	15.3%	13.8%	17.5%	18.6%	19.5%	20.7%	22.3%	20.8%	22.3%	21.6%	21.9%
ROE	88.4%	68.7%	86.9%	133.3%	213.2%	448.6%	3.5K%	-526.1%	-680.2%	-3.7K%	-3.7K%
ROA	17.7%	14.7%	19.6%	20.1%	21.4%	23.1%	25%	23.5%	26.6%	23.4%	21.1%
ROIC	35%	29%	37.1%	39.9%	41.4%	45.9%	47.2%	47%	51.3%	45%	46.7%
Return on tangible assets	43.7%	37%	46%	43%	45.6%	54.4%	55.9%	54.6%	62.2%	51.8%	54.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.53	1.46	1.42	1.47	1.26	1.11	1.2	1.04	1.02	1.14	1.12
Quick ratio	1.15	1.09	1.06	1.11	0.9	0.75	0.81	0.71	0.73	0.81	0.78
Debt / equity	2.06	1.79	1.75	3.07	4.72	9.81	81.3	-13.9	-15.9	-91.1	166.7
Debt / assets	0.41	0.38	0.4	0.46	0.47	0.51	0.58	0.62	0.62	0.58	0.58
Net debt / EBITDA	1.21	1.19	1.08	1.32	1.38	1.43	1.54	1.67	1.56	1.65	1.56
Interest coverage	19	18.5	19.9	19.2	20.4	23	20.3	13.6	14.9	16.3	16.8
Effective tax rate	23.8%	34.5%	21.4%	17.7%	19.5%	19%	18.5%	19%	16.8%	17.1%	17.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	94.6	106	116.4	122.5	129.2	160.7	174.3	173.4	182.5	195.4	203.4
EPS (basic)	14.5	14.6	20.3	22.8	25.2	33.3	38.8	36.1	40.7	42.2	42.2
EPS (diluted)	14.2	14.2	19.9	22.5	24.9	32.8	38.4	35.9	40.5	42	44.3
Book value per share	16.4	21.3	23.4	17.1	11.8	7.41	1.1	-6.86	-5.98	-1.15	0.64
FCF per share	12.7	15.1	16.7	20.6	26.5	34.6	32.8	39.4	40.7	41.2	42.8
Cash per share	5.98	5.78	7.06	8.46	3.95	4.26	4.27	3.2	2.8	3.25	2.56
Capex per share	4.66	4.49	5.34	3.9	3.74	4.49	5.37	4.78	4.82	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.93%	4.24%	4.58%	3.19%	2.9%	2.8%	3.08%	2.76%	2.64%	—	—
Capex / operating cash flow	29.7%	23.7%	22.7%	15.6%	13.3%	12.9%	13.8%	10.3%	10.6%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$942.5M	$935M	$925.9M	$946.8M	$954.5M	$1B	$883.7M	$983.2M	$1B	$1.1B	$947.1M	$1B
YoY change	-4.4%	-11.6%	-0.3%	-3.6%	+1.28%	+11.8%	-4.56%	+3.85%	+7.87%	+8.1%	+7.17%	+4.48%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	158.7M	148.7M	178.1M	207.8M	94.3M	98.6M	96M	69.8M	59.4M	66.9M
Receivables	455M	528.6M	535.5M	566.3M	593.8M	647.3M	709.3M	663.9M	687.1M	778.2M
Inventory	222M	255.4M	268.8M	274.3M	297.6M	414.5M	441.7M	385.9M	342.3M	387.2M
Total current assets	896.8M	1B	1B	1.1B	1.1B	1.3B	1.4B	1.2B	1.2B	1.4B
Property, plant & equipment	315.8M	367.4M	399.9M	421.9M	442.2M	431.5M	406.2M	395.5M	365.6M	379M
Goodwill & intangibles	1.3B	1.5B	1.5B	1.5B	1.5B	1.9B	1.9B	1.9B	1.9B	2B
Total assets	2.2B	2.5B	2.6B	2.8B	2.8B	3.3B	3.5B	3.4B	3.2B	3.7B
Accounts payable	146.6M	167.6M	196.6M	185.6M	175.8M	272.9M	252.5M	210.4M	215.8M	266.6M
Short-term debt	19M	19.7M	49.7M	55.9M	50.3M	101.1M	106.1M	192.2M	182.6M	63.9M
Total current liabilities	587.5M	689.7M	734.4M	754.5M	840.3M	1.1B	1.1B	1.2B	1.2B	1.2B
Long-term debt	875.1M	960.2M	985M	1.2B	1.3B	1.6B	1.9B	1.9B	1.8B	2.1B
Total liabilities	1.7B	2B	2B	2.4B	2.5B	3.2B	3.5B	3.5B	3.4B	3.7B
Shareholders' equity	434.9M	547.3M	590.1M	420.8M	282.7M	171.4M	24.8M	-149.9M	-126.9M	-23.6M
Total debt	894M	979.8M	1B	1.3B	1.3B	1.7B	2B	2.1B	2B	2.2B
Net debt	735.4M	831.2M	856.6M	1.1B	1.2B	1.6B	1.9B	2B	2B	2.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	69.7M	—	70.2M	70.8M	71.6M	—	64.3M	61.8M	69.1M	66.9M	60.6M	51.4M
Receivables	635M	—	650.3M	634.7M	637.2M	—	638.4M	681.6M	687.3M	778.2M	708.2M	731.5M
Inventory	376M	—	373.7M	366.4M	375.8M	—	358.8M	388.1M	401.8M	387.2M	404.8M	411.6M
Total current assets	1.2B	—	1.2B	1.2B	1.2B	—	1.2B	1.2B	1.3B	1.4B	1.3B	1.3B
Property, plant & equipment	—	64.9M	—	—	—	61.7M	—	—	—	379M	—	—
Goodwill & intangibles	1.9B	—	1.9B	1.9B	1.9B	—	1.9B	1.9B	2B	2B	2B	2B
Total assets	3.3B	—	3.3B	3.2B	3.3B	—	3.2B	3.4B	3.5B	3.7B	3.7B	3.7B
Accounts payable	174M	—	189.4M	199.5M	202.9M	—	201.4M	216.2M	247.4M	266.6M	228.7M	229.8M
Short-term debt	179.1M	—	183.2M	311.2M	185.8M	—	182.9M	60.2M	63.6M	63.9M	67M	67.3M
Total current liabilities	1.1B	—	1.1B	1.3B	1.2B	—	1.1B	1.1B	1.2B	1.2B	1.1B	1.2B
Long-term debt	1.9B	—	1.9B	1.7B	1.9B	—	1.9B	2.1B	2.1B	2.1B	2.2B	2B
Total liabilities	3.4B	—	3.4B	3.4B	3.5B	—	3.4B	3.7B	3.8B	3.7B	3.7B	3.7B
Shareholders' equity	-105.9M	—	-158.7M	-152.8M	-154.4M	—	-182M	-258.8M	-249.2M	-23.6M	-41.9M	12.8M
Total debt	2.1B	—	2.1B	2.1B	2.1B	—	2.1B	2.2B	2.2B	2.2B	2.2B	2.1B
Net debt	2B	—	2B	2B	2B	—	2B	2.1B	2.1B	2.1B	2.2B	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	384.4M	376M	512.6M	561.1M	602.7M	769M	872.5M	788.8M	863.1M	869.2M
Depreciation & amortization	68.8M	76.1M	84.7M	88.7M	98.7M	108.1M	113M	121.2M	123.2M	125.6M
Stock-based compensation	15.3M	16.6M	17.6M	18.3M	18.7M	19.6M	19.7M	17.9M	20M	22.5M
Change in working capital	-54.7M	-47M	-6.4M	-48.6M	-30.9M	-96.3M	-156.9M	101.4M	-17.8M	-31.1M
Operating cash flow	415.9M	487.7M	593.1M	615M	674.1M	808.2M	874.8M	1B	960.3M	955.8M
Capital expenditure	-123.5M	-115.5M	-134.5M	-95.9M	-89.4M	-103.9M	-120.8M	-104.5M	-102.3M	—
Investing cash flow	-231.5M	-217.3M	-138.9M	-99.1M	-100.4M	-314.1M	-139.4M	-131.7M	-119.5M	-86.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-500M	-400M	-475M	-775M	-775M	-1000M	-1.1B	-900M	-850M	-800M
Financing cash flow	-189.1M	-348.2M	-412.6M	-524.9M	-770.6M	-2.6B	-2.7B	-878.8M	-879.7M	-787.4M
Net change in cash	-4.7M	-77.8M	41.5M	-9M	-196.9M	-2.2B	-2B	5.4M	-38.8M	81.6M
Free cash flow	336.8M	388.9M	422.3M	506.1M	632.2M	801.2M	737.8M	860.6M	864.4M	848.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	201.6M	184.8M	177.5M	221.8M	211.5M	252.3M	163.6M	202.3M	217.5M	285.8M	169.5M	232.9M
Depreciation & amortization	30.5M	30.6M	30.8M	30.5M	31.1M	30.9M	29.7M	30.5M	32.7M	32.8M	32.8M	32.7M
Stock-based compensation	4.2M	5.5M	4.7M	4.5M	4.4M	6.4M	5.1M	5.4M	5.5M	6.5M	5.5M	5.4M
Change in working capital	29.9M	35.9M	-29.1M	28.5M	22.4M	-39.7M	31.4M	-21.3M	16.6M	-57.9M	-7.2M	-37.4M
Operating cash flow	263.6M	247.9M	181.8M	260.6M	268.2M	249.7M	228.9M	214.9M	299.4M	225.6M	139.8M	310.4M
Capital expenditure	-20.7M	-32.2M	-17.4M	-23.1M	-21.4M	-40.4M	-17.3M	-23.9M	—	—	—	—
Investing cash flow	-30.9M	-35.5M	-8.9M	-21.8M	-37.6M	-51.1M	-6.9M	-47.6M	-74.4M	1.1M	-13.9M	25.9M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-224M	-176M	-212.5M	-212.5M	-212.5M	-212.5M	-218.7M	-218.7M	-218.7M	-143.7M	-206.3M	-206.3M
Financing cash flow	-245.7M	-249M	-599.2M	-811.4M	-233.1M	-225.1M	-186.3M	-192.9M	-194.7M	-213.6M	-115M	-318.5M
Net change in cash	-13M	-36.6M	-426.3M	-572.6M	-2.6M	-26.4M	35.7M	-25.6M	30.3M	13.1M	10.9M	17.7M
Free cash flow	243.3M	249.1M	172.6M	233.7M	233.2M	224.9M	177.2M	212.5M	274.9M	184.1M	122.4M	282.6M

Mettler-Toledo International Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement