Mettler-Toledo International Inc.
- Open
- 1381.90
- Day high
- 1407.11
- Day low
- 1376.24
- Prev close
- 1398.58
- Volume
- 220K
- Mkt cap
- $28.2B
- P/E (TTM)
- 31.6
- EPS (TTM)
- $44.51
- P/B
- 2195.6
- P/S
- 6.8
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4.8M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
Mettler-Toledo International Inc. (MTD) is a Healthcare company listed on NYSE. The stock is up 9% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 1 published research article covering MTD.
Mettler-Toledo International Inc. (MTD) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MTD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $10.78 | $11.46 | +6.3% | $1.0B | -0.1% |
| May 8, 2026 | $8.70 | $8.91 | +2.5% | $947M | +0.6% |
| Feb 5, 2026 | $12.78 | $13.36 | +4.6% | $1.1B | +19.3% |
| Nov 6, 2025 | $10.67 | $11.15 | +4.5% | $1.0B | +3.3% |
| Jul 31, 2025 | $9.61 | $10.09 | +5.0% | $983M | +2.7% |
| May 1, 2025 | $7.92 | $8.19 | +3.5% | $884M | +0.4% |
| Feb 6, 2025 | $11.66 | $12.41 | +6.4% | $1.0B | +4.1% |
| Nov 8, 2024 | $9.99 | $10.21 | +2.2% | $955M | +1.3% |
| Aug 1, 2024 | $9.04 | $9.65 | +6.7% | $947M | +1.8% |
| May 9, 2024 | $7.66 | $8.89 | +16.1% | $926M | +5.1% |
| Feb 8, 2024 | $10.16 | $9.40 | -7.5% | $935M | -3.1% |
| Nov 9, 2023 | $9.78 | $9.80 | +0.3% | $942M | -1.3% |
MTD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | SALICE THOMAS Pdirector | Option | 417 | $397.95 |
| Aug 7, 2026 | SALICE THOMAS Pdirector | Sell | 417 | $1440.41 |
| Aug 5, 2026 | SALICE THOMAS Pdirector | Option | 415 | $397.95 |
| Aug 5, 2026 | Vadala Shawnofficer: Chief Financial Officer | Sell | 2,240 | $1432.00 |
| Aug 5, 2026 | Keller Gerryofficer: Head of Process Analytics | Option | 240 | $720.81 |
| Aug 5, 2026 | Vadala Shawnofficer: Chief Financial Officer | Option | 2,240 | $595.31 |
| Aug 5, 2026 | Keller Gerryofficer: Head of Process Analytics | Sell | 240 | $1427.14 |
| Aug 5, 2026 | SALICE THOMAS Pdirector | Sell | 415 | $1444.62 |
| May 14, 2026 | Kaltenbach Patrickofficer: President and CEO | Grant | 2,005 | $1072.45 |
| May 14, 2026 | Wong Ann Ping Richardofficer: Head of Asia & Pacific | Grant | 103 | — |
| May 14, 2026 | Wittorf Oliverofficer: Head of PI, Retail, and GSC | Grant | 215 | $1072.45 |
| May 14, 2026 | Graham-Bryce Susanofficer: Chief Human Resources Officer | Grant | 71 | — |
| May 14, 2026 | Keller Gerryofficer: Head of Process Analytics | Grant | 100 | — |
| May 14, 2026 | Wong Ann Ping Richardofficer: Head of Asia & Pacific | Grant | 255 | $1072.45 |
| May 14, 2026 | Kaltenbach Patrickofficer: President and CEO | Grant | 810 | — |
Source: MTD SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full MTD insider & 13F page →Mettler-Toledo International Inc. company profile
Overview
Mettler-Toledo International Inc. (NYSE:MTD) is a leading global manufacturer of precision instruments and services founded in 1991. The company emerged from the merger of two historic Swiss precision instrument companies - Mettler (founded in 1945) and Toledo Scale (founded in 1901). Headquartered in Columbus, Ohio, Mettler-Toledo has established itself as a dominant player in the precision measurement industry, serving customers across laboratory, industrial, and retail weighing applications worldwide through both direct sales and distribution channels.
Business
Mettler-Toledo operates in the precision measurement and weighing industry, manufacturing sophisticated instruments that enable accurate measurement, detection, and analysis across various applications. The company's core business revolves around precision weighing technology, analytical instruments, and related services that are essential for quality control, research, and compliance in numerous industries. The company operates through five main business segments: Laboratory Instruments (approximately 56% of revenue): This is the company's largest segment, providing laboratory balances, liquid pipetting solutions (devices that precisely dispense small volumes of liquids), automated laboratory reactors, titrators (instruments that determine chemical concentrations), pH meters, process analytics sensors, thermal analysis systems, and other analytical instruments. The segment also includes LabX, a comprehensive laboratory software platform that manages and analyzes data generated from instruments. These products are essential for pharmaceutical research, chemical analysis, food testing, and academic research. Industrial Instruments (approximately 25% of revenue): This segment manufactures industrial weighing instruments and terminals, automatic dimensional measurement systems, vehicle scale systems, industrial software, and process control solutions. These products are used in manufacturing environments where precise measurement is critical for quality control and regulatory compliance. Product Inspection Systems: Part of the industrial segment, this division produces metal detection equipment, x-ray inspection systems, checkweighing equipment, camera-based imaging systems, and track-and-trace solutions. These systems help manufacturers ensure product safety, quality, and compliance with regulations by detecting contaminants, verifying weights, and tracking products through the supply chain. Food Retail Solutions: This segment provides networked scales and software, stand-alone scales, and automated packaging and labeling solutions specifically designed for handling fresh goods in grocery stores and food retail environments. Service Business: Representing a growing portion of revenue, this segment provides maintenance, calibration, repair, and training services for the company's installed base of instruments, along with consumables and spare parts.
Revenue model
Mettler-Toledo generates revenue through multiple channels, primarily focused on direct product sales and recurring service revenue. The company sells precision instruments ranging from laboratory balances costing hundreds of dollars to sophisticated analytical systems costing tens of thousands of dollars. Their customers include pharmaceutical and biotechnology companies, food and beverage manufacturers, chemical companies, academic institutions, government laboratories, and retail food establishments. The business model benefits from several revenue streams. Product sales constitute the majority of revenue, with higher-margin specialized instruments commanding premium pricing due to their precision and reliability requirements. The service business provides recurring revenue through maintenance contracts, calibration services, spare parts, and consumables, representing approximately one-third of their potential $3 billion installed base. This service revenue is particularly attractive due to its recurring nature and higher margins. Several factors influence the company's profitability margins. Positive margin drivers include the company's premium positioning in precision measurement markets, which allows for higher pricing due to the critical nature of accurate measurement in regulated industries. The direct sales model enables better customer relationships and margin control compared to distributor-dependent models. Innovation and new product development help maintain technological leadership and pricing power. The growing service business provides higher-margin recurring revenue streams. Conversely, margin pressures can arise from increased competition in certain segments, particularly in more commoditized weighing applications. Raw material cost fluctuations, particularly for metals and electronic components, can impact manufacturing costs. Currency fluctuations affect the company significantly given its global operations. Economic downturns can lead to reduced capital equipment spending by customers, particularly in industrial markets. Regulatory changes in key markets can require costly product modifications or certifications.
Competitive moat
Mettler-Toledo possesses a strong competitive moat built on several key advantages. The company benefits from significant switching costs, as customers invest heavily in training, integration, and validation of precision measurement systems, particularly in regulated industries like pharmaceuticals where changing suppliers requires extensive re-qualification processes. The company's global service network creates additional customer stickiness, as reliable local service and calibration support is crucial for maintaining instrument accuracy and regulatory compliance. The company's technological leadership represents another important moat element. Decades of R&D investment have created sophisticated measurement technologies that are difficult to replicate, particularly in high-precision applications. The company's LabX software platform and digital integration capabilities create additional barriers to switching by embedding Mettler-Toledo solutions into customers' workflows and data management systems. Brand reputation and regulatory approvals provide additional protection, especially in life sciences markets where instrument reliability and compliance are paramount. The company's extensive patent portfolio and continuous innovation help maintain technological advantages. However, the moat faces some challenges. In certain commodity weighing applications, lower-cost competitors can gain market share, particularly in price-sensitive segments. The industrial automation trend, while creating opportunities, also enables new entrants with different technological approaches. Additionally, some large customers in pharmaceutical and industrial markets have sufficient scale to develop in-house capabilities or negotiate aggressively with suppliers. The company's premium pricing strategy, while generally sustainable due to value proposition, can be vulnerable during economic downturns when customers prioritize cost reduction over performance advantages.
Risks & safety
The company exhibits moderate financial safety with some areas of concern: • **Solvency and Liquidity**: Current ratio of 1.01 indicates tight liquidity, with current assets barely covering current liabilities. Quick ratio of 0.70 suggests potential difficulty meeting short-term obligations without inventory conversion. Cash position of $64 million is relatively low for a company of this size. • **Debt Position**: Debt-to-equity ratio of 0.64 indicates moderate leverage. The company maintains investment-grade credit quality but carries meaningful debt obligations that require ongoing cash flow generation. • **Valuation Metrics**: Trading at 37.7x P/E ratio and 28.1x EV/EBITDA, indicating expensive valuation that leaves little room for disappointment. Price-to-book ratio of 7.6x suggests significant premium to tangible assets. • **Cash Generation**: Strong free cash flow of $177 million in Q1 2025 and $864 million for full year 2024 provides financial flexibility. Operating cash flow generation remains robust across cycles. • **Other Considerations**: The company faces $115 million in annual tariff headwinds, creating near-term margin pressure. However, diversified global manufacturing footprint and pricing power provide mitigation capabilities.
Recent development
Over the past few years, Mettler-Toledo has pursued several key strategic initiatives to drive growth and operational efficiency. The company has been implementing its Spinnaker sales and marketing program, a comprehensive initiative that provides advanced sales tools, customer analytics, and go-to-market strategies to enhance market penetration and customer engagement. This program has been credited with driving market share gains across multiple segments. The company has also launched Blue Ocean, a global process harmonization initiative aimed at standardizing operations and improving efficiency across its worldwide manufacturing and service network. This program focuses on operational excellence and cost optimization while maintaining service quality. In response to evolving customer needs, Mettler-Toledo has accelerated investments in digitalization and automation solutions. The company has enhanced its LabX software platform and developed new digital tools that integrate with customers' data management systems. These solutions help customers improve productivity, ensure compliance, and leverage data analytics for better decision-making. The service business has become a major growth focus, with the company expanding its service technician headcount and investing in predictive maintenance capabilities. Management sees significant opportunity to grow service coverage from the current one-third of their potential $3 billion installed base. Geographically, the company has been targeting growth in emerging markets, particularly India and Southeast Asia, while managing challenges in China where market conditions have been soft. The company has also been adapting to potential tariff impacts by optimizing its supply chain, reducing imports from China, and implementing pricing strategies to offset cost increases. Recent product innovation has focused on high-growth segments including lithium-ion battery manufacturing, semiconductor production, and sustainable materials analysis, positioning the company to benefit from these expanding markets.
MTD company profile · for informational purposes only — not investment advice.
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