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Mettler-Toledo International Inc. (MTD) 10-Year Financial Performance & Capital Metrics

MTD • • Industrial / General
HealthcareDiagnostics & ResearchLife Sciences Instrumentation & ToolsLaboratory Equipment & Consumables
AboutMettler-Toledo International Inc. engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments. Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection, x-ray, checkweighing, camera-based imaging equipment, track-and-trace solutions, and product inspection systems. The company's retail weighing solutions consist of networked scales and software, stand-alone scales, and automated packaging and labeling solutions for handling fresh goods. It serves the life science industry, independent research organizations, and testing labs; food and beverage manufacturers; food retailers; chemical, specialty chemical, and cosmetics companies; food retailers; transportation and logistics, metals, and electronics industries; and the academic community through its direct sales force and indirect distribution channels. The company was incorporated in 1991 and is based in Columbus, Ohio.Show more
  • Revenue $3.87B +2.2%
  • EBITDA $1.25B +4.1%
  • Net Income $863M +9.4%
  • EPS (Diluted) 40.67 +13.3%
  • Gross Margin 58.17% +1.6%
  • EBITDA Margin 32.29% +1.9%
  • Operating Margin 29.11% +2.1%
  • Net Margin 22.29% +7.1%
  • ROE -
  • ROIC 43.11% +7.4%
  • Debt/Equity -
  • Interest Coverage 15.10 +8.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 889.3%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 22.3% free cash flow margin
  • ✓Share count reduced 3.0% through buybacks
  • ✓Healthy 5Y average net margin of 21.1%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.53%
5Y5.18%
3Y1.37%
TTM4.77%

Profit (Net Income) CAGR

10Y9.82%
5Y9%
3Y3.93%
TTM5.04%

EPS CAGR

10Y13.52%
5Y12.6%
3Y7.45%
TTM8.28%

ROCE

10Y Avg42.06%
5Y Avg47.53%
3Y Avg50.22%
Latest53.08%

Peer Comparison

Laboratory Equipment & Consumables
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Size & Scale
Valuation
Per Share
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Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
QGENQiagen N.V.9.97B48.38127.320.66%19.58%11.11%5.08%0.40
RVTYRevvity, Inc.13.08B115.3347.850.16%8.47%3.23%4.14%0.43
DHRDanaher Corporation169.45B239.8945.35-0.06%14.43%6.86%3.13%0.35
TMOThermo Fisher Scientific Inc.234.69B624.6537.790.05%15.02%12.84%3.1%0.66
WATWaters Corporation23.5B394.5936.840.07%20.89%27.84%2.64%0.93
MTDMettler-Toledo International Inc.30.57B1496.6136.802.22%21.2%2.83%
AAgilent Technologies, Inc.41.06B144.8331.696.73%18.75%19.33%2.81%0.50
TWSTTwist Bioscience Corporation2.53B41.27-31.7520.32%-23.51%-17.81%0.16

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.4B2.51B2.73B2.94B3.01B3.09B3.72B3.92B3.79B3.87B
Revenue Growth %-0.04%0.05%0.09%0.08%0.02%0.03%0.21%0.05%-0.03%0.02%
Cost of Goods Sold+1.06B1.12B1.19B1.3B1.32B1.34B1.61B1.68B1.62B1.62B
COGS % of Revenue0.44%0.44%0.44%0.44%0.44%0.43%0.43%0.43%0.43%0.42%
Gross Profit+1.33B1.39B1.53B1.64B1.69B1.74B2.11B2.24B2.17B2.25B
Gross Margin %0.56%0.56%0.56%0.56%0.56%0.57%0.57%0.57%0.57%0.58%
Gross Profit Growth %0%0.04%0.1%0.07%0.03%0.03%0.21%0.06%-0.03%0.04%
Operating Expenses+819.89M852.59M923.17M953.87M963.13M960.32M1.11B1.12B1.09B1.13B
OpEx % of Revenue0.34%0.34%0.34%0.32%0.32%0.31%0.3%0.28%0.29%0.29%
Selling, General & Admin700.81M732.62M787.46M812.8M819.18M820.22M943.98M938.46M904.11M936.3M
SG&A % of Revenue0.29%0.29%0.29%0.28%0.27%0.27%0.25%0.24%0.24%0.24%
Research & Development119.08M119.97M129.26M141.07M143.95M140.1M169.77M177.12M185.28M189.36M
R&D % of Revenue0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Other Operating Expenses0000000000
Operating Income+513.68M540.19M609.91M682.98M728.39M784.04M994.74M1.13B1.08B1.13B
Operating Margin %0.21%0.22%0.22%0.23%0.24%0.25%0.27%0.29%0.29%0.29%
Operating Income Growth %0.08%0.05%0.13%0.12%0.07%0.08%0.27%0.13%-0.04%0.04%
EBITDA+577.72M608.98M686.04M767.67M817.07M882.75M1.1B1.24B1.2B1.25B
EBITDA Margin %0.24%0.24%0.25%0.26%0.27%0.29%0.3%0.32%0.32%0.32%
EBITDA Growth %0.07%0.05%0.13%0.12%0.06%0.08%0.25%0.12%-0.03%0.04%
D&A (Non-Cash Add-back)64.04M68.8M76.13M84.69M88.68M98.71M108.06M113.02M121.16M123.22M
EBIT493.64M531.18M608.69M685.83M723.3M787.25M991.83M1.13B1.06B1.1B
Net Interest Income+-27.45M-28.03M-32.78M-34.51M-37.41M-38.62M-43.24M-55.39M-77.37M-74.63M
Interest Income0000000000
Interest Expense27.45M28.03M32.78M34.51M37.41M38.62M43.24M55.39M77.37M74.63M
Other Income/Expense-50.26M-36M-35.69M-31.12M-46.99M-35.3M-45.38M-55.63M-105.95M-89.83M
Pretax Income+463.42M504.19M574.22M651.86M681.39M748.74M949.36M1.07B973.73M1.04B
Pretax Margin %0.19%0.2%0.21%0.22%0.23%0.24%0.26%0.27%0.26%0.27%
Income Tax+110.6M119.82M198.25M139.25M120.28M146M180.38M198.09M184.95M174.08M
Effective Tax Rate %0.76%0.76%0.65%0.79%0.82%0.81%0.81%0.81%0.81%0.83%
Net Income+352.82M384.37M375.97M512.61M561.11M602.74M768.99M872.5M788.78M863.14M
Net Margin %0.15%0.15%0.14%0.17%0.19%0.2%0.21%0.22%0.21%0.22%
Net Income Growth %0.04%0.09%-0.02%0.36%0.09%0.07%0.28%0.13%-0.1%0.09%
Net Income (Continuing)352.82M384.37M375.97M512.61M561.11M602.74M768.99M872.5M788.78M863.14M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+12.4814.2214.2419.8822.4724.9132.7838.4135.9040.67
EPS Growth %0.09%0.14%0%0.4%0.13%0.11%0.32%0.17%-0.07%0.13%
EPS (Basic)12.7514.4914.6220.3322.8425.2433.2538.7936.1040.67
Diluted Shares Outstanding28.27M27.02M26.39M25.78M24.97M24.2M23.46M22.72M21.97M21.32M
Basic Shares Outstanding27.68M26.52M25.71M25.22M24.57M23.88M23.13M22.49M21.85M21.22M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+795.33M896.78M1.01B1.05B1.11B1.06B1.27B1.38B1.23B1.19B
Cash & Short-Term Investments98.89M158.67M148.69M178.11M207.78M94.25M98.56M95.97M69.81M59.36M
Cash Only98.89M158.67M148.69M178.11M207.78M94.25M98.56M95.97M69.81M59.36M
Short-Term Investments0000000000
Accounts Receivable411.42M454.99M528.62M535.53M566.26M593.81M647.34M709.32M663.89M687.11M
Days Sales Outstanding62.6966.2170.866.5968.770.2563.5566.0563.9764.77
Inventory214.38M222.05M255.39M268.82M274.29M297.61M414.54M441.69M385.87M342.27M
Days Inventory Outstanding73.6972.6678.275.5576.0181.0294.0196.0886.9877.13
Other Current Assets70.64M61.08M74.03M63.4M61.32M71.23M108.92M128.11M110.64M105.16M
Total Non-Current Assets+1.16B1.27B1.54B1.57B1.68B1.76B2.06B2.12B2.13B2.05B
Property, Plant & Equipment517.23M563.71M668.27M717.53M748.66M798.87M799.37M778.6M803.37M770.28M
Fixed Asset Turnover4.63x4.45x4.08x4.09x4.02x3.86x4.65x5.03x4.72x5.03x
Goodwill446.28M476.38M539.84M534.78M535.98M550.27M648.62M660.17M670.11M668.91M
Intangible Assets115.25M167.06M226.72M217.31M206.24M196.78M307.45M306.05M285.43M257.14M
Long-Term Investments0000002.12M6.89M0398K
Other Non-Current Assets52.19M28.9M66.83M68.31M151.82M169.89M260.39M338.51M335.24M314.77M
Total Assets+1.96B2.17B2.55B2.62B2.79B2.81B3.33B3.49B3.36B3.24B
Asset Turnover1.22x1.16x1.07x1.12x1.08x1.10x1.12x1.12x1.13x1.20x
Asset Growth %-0.02%0.11%0.18%0.03%0.07%0.01%0.18%0.05%-0.04%-0.03%
Total Current Liabilities+558.21M587.51M689.67M734.43M754.51M840.33M1.15B1.15B1.18B1.17B
Accounts Payable142.07M146.59M167.63M196.64M185.59M175.8M272.91M252.54M210.41M215.84M
Days Payables Outstanding48.8447.9751.3355.2651.4347.8661.8954.9447.4348.64
Short-Term Debt14.49M18.97M19.68M49.67M55.87M50.32M131.77M135.32M220.74M212.44M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities136.41M140.46M170.16M152.52M155.4M179.25M172.62M170.75M160.31M152.45M
Current Ratio1.42x1.53x1.46x1.42x1.47x1.26x1.11x1.20x1.04x1.02x
Quick Ratio1.04x1.15x1.09x1.06x1.11x0.90x0.75x0.81x0.71x0.73x
Cash Conversion Cycle87.5490.997.6886.8793.27103.4195.67107.2103.5293.26
Total Non-Current Liabilities+820.67M1.14B1.31B1.29B1.61B1.69B2.01B2.32B2.32B2.2B
Long-Term Debt575.14M875.06M960.17M985.02M1.24B1.28B1.58B1.91B1.89B1.83B
Capital Lease Obligations00000088.32M86.89M86.93M87.37M
Deferred Tax Liabilities50.98M64.31M51.23M48.82M45.27M34.45M62.23M111.36M108.68M103.95M
Other Non-Current Liabilities194.55M204.96M301.45M260.51M333.41M372.93M277.49M213.14M240.18M176.11M
Total Liabilities1.38B1.73B2B2.03B2.37B2.53B3.16B3.47B3.51B3.37B
Total Debt+589.63M894.03M979.85M1.03B1.29B1.33B1.8B2.13B2.2B2.13B
Net Debt490.74M735.36M831.16M856.58M1.08B1.24B1.7B2.03B2.13B2.07B
Debt / Equity1.02x2.06x1.79x1.75x3.07x4.72x10.51x85.94x--
Debt / EBITDA1.02x1.47x1.43x1.35x1.58x1.51x1.63x1.72x1.83x1.70x
Net Debt / EBITDA0.85x1.21x1.21x1.12x1.33x1.40x1.54x1.64x1.77x1.66x
Interest Coverage18.71x19.27x18.60x19.79x19.47x20.30x23.00x20.33x13.96x15.10x
Total Equity+580.46M434.94M547.28M590.06M420.78M282.68M171.42M24.79M-149.94M-126.89M
Equity Growth %-0.19%-0.25%0.26%0.08%-0.29%-0.33%-0.39%-0.86%-7.05%0.15%
Book Value per Share20.5316.0920.7422.8916.8511.687.311.09-6.82-5.95
Total Shareholders' Equity580.46M434.94M547.28M590.06M420.78M282.68M171.42M24.79M-149.94M-126.89M
Common Stock448K448K448K448K448K448K448K448K448K448K
Retained Earnings2.69B3.07B3.43B3.94B4.5B5.1B5.86B6.73B7.51B8.37B
Treasury Stock-2.54B-3.01B-3.37B-3.81B-4.54B-5.28B-6.26B-7.33B-8.21B-9.05B
Accumulated OCI-266.65M-355M-265.41M-302.41M-323.67M-334.93M-255.22M-227.23M-319.81M-345.86M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+426.87M443.08M516.33M565M603.45M724.7M908.83M859.07M965.87M968.35M
Operating CF Margin %0.18%0.18%0.19%0.19%0.2%0.23%0.24%0.22%0.25%0.25%
Operating CF Growth %0.02%0.04%0.17%0.09%0.07%0.2%0.25%-0.05%0.12%0%
Net Income352.82M384.37M375.97M512.61M561.11M602.74M768.99M872.5M788.78M863.14M
Depreciation & Amortization64.04M68.8M76.13M84.69M88.68M98.71M108.06M113.02M121.16M123.22M
Stock-Based Compensation14.22M15.31M16.58M17.58M18.29M18.69M19.59M19.66M17.93M19.98M
Deferred Taxes7.26M1.88M69.24M5.9M-4.63M-12.78M563K26.52M-13.37M-28.2M
Other Non-Cash Items-12.77M-9.31M-3.15M-21.23M133K-2.4M7.23M000
Working Capital Changes1.3M-17.96M-18.44M-34.54M-60.13M19.75M4.39M-172.64M51.38M-9.8M
Change in Receivables1.63M-52.15M-38.98M-19.54M-31.41M-4.5M-66.47M-83.42M50.3M-53M
Change in Inventory-18.79M-12.43M-13.68M-21.2M-4.6M-3.84M-118.72M-43.39M71.02M24.13M
Change in Payables1.7M9.63M11.88M33.67M-12.22M-17.8M93.97M-13.83M-40.55M12.08M
Cash from Investing+-100.75M-231.46M-217.34M-138.94M-99.08M-100.36M-314.11M-139.4M-131.69M-119.46M
Capital Expenditures-82.51M-123.96M-127.43M-142.73M-97.34M-92.49M-107.58M-121.24M-105.32M-103.9M
CapEx % of Revenue0.03%0.05%0.05%0.05%0.03%0.03%0.03%0.03%0.03%0.03%
Acquisitions----------
Investments----------
Other Investing-4.47M3.88M18.53M9.31M262K-1.62M14.33M19.8M-20.56M-15.56M
Cash from Financing+-307.03M-145.93M-319.53M-388.02M-477.37M-743.91M-590.55M-716.04M-859.59M-855.98M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing40.55M42.47M21.44M22.69M39.33M25.92M17.48M24.1M10.64M12.75M
Net Change in Cash----------
Free Cash Flow+344.36M319.12M388.9M422.28M506.11M632.21M801.25M737.83M860.55M864.45M
FCF Margin %0.14%0.13%0.14%0.14%0.17%0.2%0.22%0.19%0.23%0.22%
FCF Growth %0.05%-0.07%0.22%0.09%0.2%0.25%0.27%-0.08%0.17%0%
FCF per Share12.1811.8114.7316.3820.2726.1334.1632.4839.1740.54
FCF Conversion (FCF/Net Income)1.21x1.15x1.37x1.10x1.08x1.20x1.18x0.98x1.22x1.12x
Interest Paid27.3M28.02M33.33M34.45M37.5M37.77M41.34M52.31M75.62M75.94M
Taxes Paid85.46M92.59M109.73M132.41M129.35M134.67M152.66M114.04M178.25M209.37M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)54.28%75.71%76.56%90.14%111.02%171.37%338.69%889.34%--
Return on Invested Capital (ROIC)35.71%36.15%35.89%36.26%37.03%38.85%43.93%42.95%40.13%43.11%
Gross Margin55.67%55.53%56.26%55.76%56.22%56.54%56.71%57.19%57.26%58.17%
Net Margin14.73%15.32%13.8%17.46%18.65%19.54%20.68%22.26%20.82%22.29%
Debt / Equity1.02x2.06x1.79x1.75x3.07x4.72x10.51x85.94x--
Interest Coverage18.71x19.27x18.60x19.79x19.47x20.30x23.00x20.33x13.96x15.10x
FCF Conversion1.21x1.15x1.37x1.10x1.08x1.20x1.18x0.98x1.22x1.12x
Revenue Growth-3.64%4.71%8.64%7.73%2.49%2.54%20.51%5.43%-3.35%2.22%

Revenue by Segment

2015201620172018201920202021202220232024
Laboratory products and services1.15B1.23B1.36B1.5B1.58B1.67B2.08B2.23B2.07B2.19B
Laboratory products and services Growth-6.07%10.90%10.76%4.92%5.78%24.75%7.07%-7.24%5.66%
Industrial products and services1.03B1.07B1.16B1.21B1.23B1.22B1.45B1.51B1.49B1.49B
Industrial products and services Growth-3.24%8.47%4.58%1.87%-0.77%18.13%4.43%-1.33%-0.03%
Retail products and services206.23M215.4M208.22M219.62M196.06M190.89M188.36M178.77M229.06M196.36M
Retail products and services Growth-4.44%-3.33%5.47%-10.73%-2.64%-1.32%-5.09%28.13%-14.28%

Revenue by Geography

2015201620172018201920202021202220232024
Americas157.96M153.61M162.67M172.54M1.35B1.18B1.42B1.58B1.57B1.61B
Americas Growth--2.76%5.90%6.06%680.80%-12.36%20.26%11.46%-0.90%2.43%
Asia696.22M740.54M824.21M-950.71M983.28M1.24B1.32B1.2B1.17B
Asia Growth-6.36%11.30%--3.43%25.61%7.10%-8.94%-3.23%
Europe349.18M374.01M399.92M426.21M1.33B921.27M1.06B1.01B1.02B1.1B
Europe Growth-7.11%6.93%6.57%211.10%-30.52%15.38%-4.57%0.11%8.36%

Frequently Asked Questions

Valuation & Price

Mettler-Toledo International Inc. (MTD) has a price-to-earnings (P/E) ratio of 36.8x. This suggests investors expect higher future growth.

Growth & Financials

Mettler-Toledo International Inc. (MTD) reported $3.94B in revenue for fiscal year 2024. This represents a 71% increase from $2.31B in 2011.

Mettler-Toledo International Inc. (MTD) grew revenue by 2.2% over the past year. Growth has been modest.

Yes, Mettler-Toledo International Inc. (MTD) is profitable, generating $835.7M in net income for fiscal year 2024 (22.3% net margin).

Dividend & Returns

Mettler-Toledo International Inc. (MTD) generated $889.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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