Mettler Toledo International Inc (MTD) stock analysis
Close on Nov 13, 2026Market cap $34.84BP/E 37.7Yield –
StockData Score
Prices as of Nov 13, 2026How the score works
Mixed9 of 30 checks passed
Mettler Toledo International passes 9 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 3/6
- Past performance
- 3/6
- Financial health
- 3/6
- Dividend
- 0/6
What stands out
Earnings grew over 5 years
Net income grew 7.6% a year on average over the last five fiscal years.
Earnings growth accelerating
Net income grew 11.8% over the last twelve months, against a 5-year average of 7.6% a year.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 48.6% of total debt.
Low bankruptcy risk
The Altman Z-score is 10.70; above 3 is the safe zone and below 1.8 the distress zone.
What to watch
High debt
Debt is 2606% of shareholders' equity, above the 40% we consider low.
Revenue growing under 10% a year
Revenue grew 0.9% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 3.1% a year over the last three fiscal years.
P/E above its 5-year median
Mettler Toledo International's P/E of 37.7 is above its own 5-year median of 37.0.
Valuation0/6
P/E above its 5-year median
Mettler Toledo International's P/E of 37.7 is above its own 5-year median of 37.0.
P/E above the industry
Mettler Toledo International's P/E of 37.7 is above the Laboratory Apparatus and Analytical, Optical, Measuring, and Controlling Instruments median of 35.0.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
Mettler Toledo International's price-to-book of 448.64 is above the Laboratory Apparatus and Analytical, Optical, Measuring, and Controlling Instruments median of 3.13.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth3/6
Revenue growing under 10% a year
Revenue grew 0.9% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 3.1% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 11.8% over the last twelve months, against a 5-year average of 7.6% a year.
Growing slower than the industry
Revenue grew 6.5% over the last twelve months; the Laboratory Apparatus and Analytical, Optical, Measuring, and Controlling Instruments median is 8.3%.
Guidance raised
Mettler Toledo International raised its full year 2026 local currency sales outlook on Jul 30, 2026.
Gross margin improving
Gross margin was 60.4% over the last twelve months, against 59.7% a year earlier.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings grew over 5 years
Net income grew 7.6% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 22.2% over the last twelve months, against a 5-year average of 21.5%.
Net margin above the industry
Mettler Toledo International's net margin of 22.2% is above the Laboratory Apparatus and Analytical, Optical, Measuring, and Controlling Instruments median of -2.4%.
Financial health3/6
High debt
Debt is 2606% of shareholders' equity, above the 40% we consider low.
Debt rising against equity
Debt to equity rose from 472% five years ago to 2606%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 48.6% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 1.10 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 10.70; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Mettler Toledo International has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Mettler Toledo International. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 37.0
- Laboratory Apparatus and Analytical, Optical, Measuring, and Controlling Instruments median 35.0
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $327.41M
- Value traded per 1% price move
- $233.10M
Downside
Medium risk
- Typical loss in a bad month
- 18.8%
- Volatility (annualized)
- 32%
- Sharpe ratio, 1 year
- 0.49
- Beta to the S&P 500 (5Y)
- 1.15
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.0% | +0.9% | +5.5% | +5.3% | |
| Gross profit | +2.8% | +1.2% | +5.8% | +5.9% | |
| Net income | +0.7% | -0.1% | +7.6% | +9.4% | |
| EPS, diluted | +3.9% | +3.1% | +11.0% | +12.9% | |
| Free cash flow | -1.8% | +4.8% | +6.1% | +9.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 75.7% | 171.4% | -1154.9% | |
| Return on assets | 18.6% | 21.5% | 25.0% | |
| Current ratio | 1.53 | 1.26 | 1.14 | |
| Debt to equity | 2.06 | 4.72 | -91.05 | |
| Inventory turnover | 4.9× | 4.5× | 4.5× | |
| Capex to revenue | 4.9% | 3.0% | 2.7% | |
| Diluted shares | 27M | 24M | 21M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Mettler Toledo International generated $4.66B from operations and spent $5.20B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 21.6% | 1.16× | -46.19× | -1154.9% |
| FY2024 | 22.3% | 1.17× | -23.83× | -623.6% |
| FY2023 | 20.8% | 1.11× | -54.72× | -1260.6% |
| FY2022 | 22.3% | 1.15× | 34.75× | 889.3% |
| FY2021 | 20.7% | 1.21× | 13.52× | 338.7% |
| FY2020 | 19.5% | 1.10× | 7.97× | 171.4% |
| FY2019 | 18.6% | 1.11× | 5.35× | 111.0% |
| FY2018 | 17.5% | 1.14× | 4.54× | 90.1% |
| FY2017 | 13.8% | 1.16× | 4.80× | 76.6% |
| FY2016 | 15.3% | 1.22× | 4.06× | 75.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$869.19M
- Cash generatingOperating cash flow above zero$955.77M
- Return on assets improvedROA up on the prior year25.7% → 26.8%
- Earnings backed by cashOperating cash flow above net income$955.77M vs $869.19M
- Less leverageLong-term debt to assets fell56.5% → 56.2%
- Better liquidityCurrent ratio rose1.02 → 1.14
- No dilutionShare count did not rise21M → 21M
- Gross margin improvedGross margin up on the prior year60.06% → 59.37%
- More efficientAsset turnover rose1.15 → 1.24
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