Mettler-Toledo International (MTD)
Market Price (2/12/2026): $1393.74 | Market Cap: $28.4 BilSector: Health Care | Industry: Life Sciences Tools & Services
Mettler-Toledo International (MTD)
Market Price (2/12/2026): $1393.74Market Cap: $28.4 BilSector: Health CareIndustry: Life Sciences Tools & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28% | Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -79% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 25x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 33x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9% | |
| Low stock price volatilityVol 12M is 33% | Key risksMTD key risks include [1] prolonged economic weakness in key Chinese and European markets hindering margin recovery and [2] sales-damaging shipping delays caused by a new European logistics provider. | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Precision Medicine. Themes include Factory Automation, Process / Warehouse Automation, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Low stock price volatilityVol 12M is 33% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Precision Medicine. Themes include Factory Automation, Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -79% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 25x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 33x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9% |
| Key risksMTD key risks include [1] prolonged economic weakness in key Chinese and European markets hindering margin recovery and [2] sales-damaging shipping delays caused by a new European logistics provider. |
Qualitative Assessment
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Mettler-Toledo International (MTD) stock has remained largely at the same level since 10/31/2025 because of the following key factors:
1. Stable but Modest Growth Outlook Amidst Tariff Headwinds. Mettler-Toledo International reported stronger-than-expected third-quarter 2025 earnings on November 6, 2025, exceeding analyst consensus for both EPS and revenue. The company also provided guidance for Q4 and full-year 2025, and initial guidance for 2026 projected local currency sales growth of approximately 4% and adjusted EPS growth of 8% to 9%. However, these growth expectations were tempered by anticipated "tariff headwinds" that were expected to impact adjusted EPS growth in both 2025 and 2026. This combination of a solid performance against expectations and a cautious outlook due to external factors likely contributed to the stock's stability.
2. Mixed Analyst Sentiment with Limited Upside. Throughout the period, analyst ratings for Mettler-Toledo International were mixed, with a consensus leaning towards "Hold" or "Buy" but often suggesting only modest upside potential. For instance, as of February 2, 2026, the average twelve-month stock price forecast indicated an upside of approximately 3.95%. While some firms like Bank of America upgraded the stock to "Buy" with a raised price target in December 2025, others initiated coverage with "Neutral" or maintained "Equal-Weight" ratings. This balanced, rather than overwhelmingly bullish or bearish, sentiment among analysts likely played a role in preventing significant directional movement.
3. Show more
1. Stable but Modest Growth Outlook Amidst Tariff Headwinds. Mettler-Toledo International reported stronger-than-expected third-quarter 2025 earnings on November 6, 2025, exceeding analyst consensus for both EPS and revenue. The company also provided guidance for Q4 and full-year 2025, and initial guidance for 2026 projected local currency sales growth of approximately 4% and adjusted EPS growth of 8% to 9%. However, these growth expectations were tempered by anticipated "tariff headwinds" that were expected to impact adjusted EPS growth in both 2025 and 2026. This combination of a solid performance against expectations and a cautious outlook due to external factors likely contributed to the stock's stability.
2. Mixed Analyst Sentiment with Limited Upside. Throughout the period, analyst ratings for Mettler-Toledo International were mixed, with a consensus leaning towards "Hold" or "Buy" but often suggesting only modest upside potential. For instance, as of February 2, 2026, the average twelve-month stock price forecast indicated an upside of approximately 3.95%. While some firms like Bank of America upgraded the stock to "Buy" with a raised price target in December 2025, others initiated coverage with "Neutral" or maintained "Equal-Weight" ratings. This balanced, rather than overwhelmingly bullish or bearish, sentiment among analysts likely played a role in preventing significant directional movement.
3. Show more
Stock Movement Drivers
Fundamental Drivers
The -1.7% change in MTD stock from 10/31/2025 to 2/11/2026 was primarily driven by a -7.5% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1416.29 | 1392.65 | -1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,867 | 4,026 | 4.1% |
| Net Income Margin (%) | 21.5% | 21.6% | 0.6% |
| P/E Multiple | 35.3 | 32.7 | -7.5% |
| Shares Outstanding (Mil) | 21 | 20 | 1.5% |
| Cumulative Contribution | -1.7% |
Market Drivers
10/31/2025 to 2/11/2026| Return | Correlation | |
|---|---|---|
| MTD | -1.7% | |
| Market (SPY) | 1.5% | 49.9% |
| Sector (XLV) | 8.3% | 56.5% |
Fundamental Drivers
The 12.9% change in MTD stock from 7/31/2025 to 2/11/2026 was primarily driven by a 7.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1233.68 | 1392.65 | 12.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,830 | 4,026 | 5.1% |
| Net Income Margin (%) | 22.2% | 21.6% | -2.6% |
| P/E Multiple | 30.3 | 32.7 | 7.7% |
| Shares Outstanding (Mil) | 21 | 20 | 2.4% |
| Cumulative Contribution | 12.9% |
Market Drivers
7/31/2025 to 2/11/2026| Return | Correlation | |
|---|---|---|
| MTD | 12.9% | |
| Market (SPY) | 9.8% | 44.6% |
| Sector (XLV) | 20.3% | 54.3% |
Fundamental Drivers
The 2.1% change in MTD stock from 1/31/2025 to 2/11/2026 was primarily driven by a 7.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1364.44 | 1392.65 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,762 | 4,026 | 7.0% |
| Net Income Margin (%) | 21.1% | 21.6% | 2.1% |
| P/E Multiple | 36.3 | 32.7 | -9.9% |
| Shares Outstanding (Mil) | 21 | 20 | 3.7% |
| Cumulative Contribution | 2.1% |
Market Drivers
1/31/2025 to 2/11/2026| Return | Correlation | |
|---|---|---|
| MTD | 2.1% | |
| Market (SPY) | 16.0% | 64.5% |
| Sector (XLV) | 7.8% | 68.5% |
Fundamental Drivers
The -9.2% change in MTD stock from 1/31/2023 to 2/11/2026 was primarily driven by a -20.4% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1532.92 | 1392.65 | -9.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,899 | 4,026 | 3.3% |
| Net Income Margin (%) | 21.5% | 21.6% | 0.5% |
| P/E Multiple | 41.0 | 32.7 | -20.4% |
| Shares Outstanding (Mil) | 22 | 20 | 9.9% |
| Cumulative Contribution | -9.2% |
Market Drivers
1/31/2023 to 2/11/2026| Return | Correlation | |
|---|---|---|
| MTD | -9.2% | |
| Market (SPY) | 76.6% | 53.4% |
| Sector (XLV) | 22.6% | 55.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MTD Return | 49% | -15% | -16% | 1% | 14% | 0% | 23% |
| Peers Return | 44% | -16% | -7% | 2% | 1% | -4% | 10% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| MTD Win Rate | 75% | 33% | 33% | 42% | 58% | 50% | |
| Peers Win Rate | 82% | 42% | 47% | 45% | 47% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| MTD Max Drawdown | -9% | -36% | -33% | -7% | -21% | -2% | |
| Peers Max Drawdown | -6% | -31% | -29% | -8% | -25% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMO, DHR, A, WAT, RVTY. See MTD Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/11/2026 (YTD)
How Low Can It Go
| Event | MTD | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.5% | -25.4% |
| % Gain to Breakeven | 76.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -29.4% | -33.9% |
| % Gain to Breakeven | 41.7% | 51.3% |
| Time to Breakeven | 72 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.3% | -19.8% |
| % Gain to Breakeven | 35.7% | 24.7% |
| Time to Breakeven | 334 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -61.4% | -56.8% |
| % Gain to Breakeven | 159.3% | 131.3% |
| Time to Breakeven | 413 days | 1,480 days |
Compare to TMO, DHR, A, WAT, RVTY
In The Past
Mettler-Toledo International's stock fell -43.5% during the 2022 Inflation Shock from a high on 12/30/2021. A -43.5% loss requires a 76.9% gain to breakeven.
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About Mettler-Toledo International (MTD)
Mettler-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.
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Here are 1-3 brief analogies for Mettler-Toledo International (MTD):
- Like Thermo Fisher Scientific, but specialized in high-precision weighing, analytical instruments, and product inspection for labs and industry.
- The Zeiss of industrial scales and lab balances, focused on high-precision measurement tools.
- Like Keyence for lab instruments and industrial weighing and inspection systems.
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```html- Laboratory Balances and Instruments: Precision instruments, including analytical balances, titrators, and pH meters, used for accurate measurement and analysis in research and quality control laboratories.
- Industrial Scales and Weighing Systems: A wide range of robust weighing solutions, such as floor scales, bench scales, and vehicle scales, designed for heavy-duty applications in manufacturing, logistics, and production environments.
- Product Inspection Systems: Advanced equipment like metal detectors, X-ray inspection systems, and checkweighers that ensure product safety, quality, and compliance in food, pharmaceutical, and other industries.
- Process Analytics Instruments: Sensors and transmitters for measuring parameters such as pH, oxygen, conductivity, and turbidity directly within manufacturing processes to optimize efficiency and product quality.
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Mettler-Toledo International (MTD) primarily sells its precision instruments and services to **other companies** (Business-to-Business, B2B). Given the specialized nature of Mettler-Toledo's products (precision instruments for laboratories, industrial applications, and food retailing), its customer base is highly diversified and fragmented across a vast number of organizations globally. This means that Mettler-Toledo typically does not have a few "major customers" (specific named public companies) that individually account for a significant portion of its revenue, and such specific customer names are not publicly disclosed. Instead, they serve broad categories of industries and institutions. The major customer categories (types of companies) served by Mettler-Toledo include:- **Pharmaceutical and Biotechnology Companies:** These customers utilize Mettler-Toledo's laboratory instruments (e.g., precision balances, titrators, pH meters, thermal analysis systems, automated chemistry solutions) for research and development, quality control, and production processes in drug discovery, development, and manufacturing.
- **Chemical and Petrochemical Companies:** Similar to the pharmaceutical sector, these companies use Mettler-Toledo's lab and industrial solutions for R&D, process optimization, and quality assurance in various chemical manufacturing and processing applications.
- **Food and Beverage Companies:** Customers in this sector employ a wide range of Mettler-Toledo products, including laboratory instruments for quality control, industrial scales for production and packaging, and product inspection systems (e.g., metal detectors, checkweighers, X-ray inspection) for safety and quality assurance.
- **Academic and Government Research Institutions:** Universities, research institutes, and government laboratories across various scientific disciplines are significant users of Mettler-Toledo's precision laboratory equipment for scientific research and education.
- **General Manufacturing and Logistics Companies:** Various manufacturing industries (e.g., automotive, electronics, general industrial) and logistics operations use Mettler-Toledo's industrial weighing solutions, including floor scales, truck scales, and load cells, for inventory management, quality control, and shipping/receiving processes.
- **Food Retailing:** This category includes supermarkets, hypermarkets, and specialized food stores that utilize Mettler-Toledo's retail weighing, labeling, and point-of-sale solutions.
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Patrick Kaltenbach, President and Chief Executive Officer
Patrick Kaltenbach joined Mettler-Toledo in January 2021 and was appointed President and Chief Executive Officer in April 2021. Prior to his role at Mettler-Toledo, he led the Life Sciences Segment at Becton Dickinson starting in 2018. From 2014 to 2018, he served as President of the Life Sciences and Applied Markets Group at Agilent. He also held diverse leadership responsibilities at Agilent and its predecessor company, Hewlett Packard, after joining in 1991. Kaltenbach is a German national.
Shawn P. Vadala, Chief Financial Officer
Shawn P. Vadala has been the Chief Financial Officer of Mettler-Toledo since January 2014, having joined the company in 1997. He has also been responsible for Pricing since 2008. Before becoming CFO, Mr. Vadala held various financial leadership positions in the company's offices in Columbus, USA, and Greifensee, Switzerland. Prior to joining Mettler-Toledo, he worked at PricewaterhouseCoopers in Boston, USA, and Zurich, Switzerland. He is a U.S. citizen.
Stefan Heiniger, Head of Laboratory Division
Stefan Heiniger joined Mettler-Toledo in January 2018 as Head LabTec and was appointed Head of Laboratory Division in January 2023. Previously, he served as the CEO of Aebi Schmidt Group, a global provider of smart vehicle systems and services.
Gerry Keller, Head of Process Analytics Division
Gerry Keller joined Mettler-Toledo in 1991, serving in various Sales and Marketing leadership roles across Europe and Asia. He held General Manager positions for Korea, Australia, and Japan, and was Head of Region East Asia/Pacific as of 2008. Since mid-2013, he led the company's Pipetting business. He was appointed Head of Process Analytics Division in July 2018. Before Mettler-Toledo, he worked in Quality Control at Sandoz (now Novartis) in Switzerland. He is a Swiss citizen.
Elena Markwalder, Head of Industrial Division
Elena Markwalder joined Mettler-Toledo in 2017 as Head of the Standard Industrial business and was appointed Head of Industrial Division in January 2020. Prior to joining the company, she held senior leadership positions at Schneider Electric in Asia and Switzerland, including Divisional Head of Strategy and Marketing in its low voltage business. Before Schneider Electric, Ms. Markwalder held various General, Operations, and Product Management roles for ABB in Germany, Switzerland, the US, and China. She is a German and Swiss citizen.
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The key risks to Mettler-Toledo International (MTD) include:
- Economic Downturns and Geopolitical Tensions: A significant portion of Mettler-Toledo's business is derived from developed countries, making it vulnerable to economic downturns, high inflation, and rising interest rates, which can reduce customer investments and demand. Persistent tariff uncertainties and prolonged economic weakness in major markets like China and Europe have also been identified as factors that could hinder margin recovery and growth. Furthermore, ongoing geopolitical tensions, such as the conflicts in Ukraine and the Middle East, pose risks to future operating results.
- Supply Chain Disruptions: The company faces risks from disruptions to its supply chain, which can be caused by various factors including climate change and logistical challenges. Increased frequency of extreme weather events and changing precipitation patterns could impact material availability, strain supplier infrastructure, and lead to higher insurance and operating expenses. The company also experienced unexpected shipping delays with a new European logistics provider, which negatively impacted sales and adjusted earnings per share in late 2023.
- Currency Fluctuations: Mettler-Toledo's financial performance can be impacted by adverse currency fluctuations, which have been noted to negatively affect adjusted earnings per share.
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The clear emerging threat to Mettler-Toledo International stems from the accelerating adoption of frictionless retail technologies, such as those employed in "just walk out" stores or smart carts, particularly impacting its Food Retail scales segment. These systems utilize advanced computer vision, artificial intelligence, and sophisticated sensor arrays to automatically identify products, track purchases, and process transactions without the need for traditional checkout counters or weighing scales. As major retailers and technology providers continue to invest in and deploy these solutions, the long-term demand for conventional retail scales could significantly diminish, similar to how digital streaming disrupted physical video rentals.
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Mettler-Toledo International Inc. (MTD) operates in several addressable markets with its precision instruments and services. Below are the estimated market sizes for their main product and service categories:
-
Laboratory Instruments:
- Laboratory Balances and Scales: The global market for laboratory balances and scales was valued at approximately USD 1.4 billion in 2025 and is projected to reach USD 2.2 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 4.7%. Another estimate places the global market at USD 859 million in 2024, with a projection to reach USD 1,149 million by 2031 at a CAGR of 4.3%. The laboratory electronic balance market alone is estimated at US$ 3.6 billion in 2024 and is expected to reach US$ 5.4 billion in 2031, at a CAGR of 6%.
- Analytical Instruments (broader category including many lab instruments): The global analytical instrumentation market is valued at USD 55.29 billion in 2025 and is projected to reach USD 76.87 billion by 2030, with a CAGR of 6.81%. Other estimates for the global analytical instrumentation market include USD 52.3 billion in 2024, growing to USD 88.9 billion by 2033 (CAGR 5.77%), and USD 111.54 billion in 2024, reaching USD 119.57 billion in 2025 (CAGR 7.2%).
- Automated Chemistry Solutions / Lab Automation in Analytical Chemistry: The global automated analyzers market is estimated to be valued at USD 3.17 billion in 2025 and is expected to reach USD 6.18 billion by 2032, exhibiting a CAGR of 10.0%. The Lab Automation in Analytical Chemistry Market size in 2024 was USD 5.10 billion, with a projected growth to USD 7.13 billion in 2032 at a CAGR of 4.28%.
-
Industrial Instruments:
- Industrial Scales: The global industrial scale market was valued at USD 2.21 billion in 2024 and is projected to reach USD 3.28 billion by 2033, exhibiting a CAGR of 4.5%. Another report estimates the global industrial weighing scales market at USD 2.84 billion in 2024, anticipated to reach USD 4.59 billion by 2032 with a CAGR of 6.3%. The U.S. industrial scale market alone was valued at USD 618.10 million in 2024 and is projected to reach USD 953.78 million by 2032, growing at a CAGR of 5.67%.
- Product Inspection Systems (e.g., metal detection, X-ray, check weighing): The global inspection machines market was valued at USD 838.18 million in 2024 and is projected to reach USD 1311.48 million by 2033, growing at a CAGR of 5.1%. Another source projects the market size to reach USD 1,602.73 million by 2034 with a CAGR of 5.5%. The global packaging inspection systems market size reached US$ 534.30 million in 2024 and is projected to hit around US$ 988.92 million by 2034, expanding at a CAGR of 6.35%.
-
Retail Weighing Solutions:
- Retail Scales: The global electronic weighing scale market, which includes retail scales, was valued at USD 9.24 billion in 2024 and is projected to grow to USD 16.67 billion by 2035, at a CAGR of 5.51%. Retail scales held the largest revenue share of approximately 32.10% in 2024 within the electronic weighing scale market.
-
Process Analytics Equipment:
- Process Analytical Technology: The global process analytical technology market was valued at USD 7.53 billion in 2023 and is projected to reach USD 10.91 billion by 2030, growing at a CAGR of 5.5%. The process analytics service market was valued at USD 19,666 million in 2024 and is projected to reach USD 39,590 million by 2032, growing at a CAGR of 9.14%.
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Mettler-Toledo International (MTD) is expected to drive future revenue growth over the next two to three years through a combination of strategic initiatives and favorable market trends:
- Innovation and Strength in Core Product Segments: Mettler-Toledo anticipates continued growth from its innovative product portfolio and strong performance in key segments. The company has reported solid growth in its Laboratory business, driven by recent innovations and strategic market penetration. Additionally, the Product Inspection segment has shown robust growth, benefiting from technological advancements, and the Process Analytics business is experiencing strong growth, particularly due to favorable biopharma market trends and recent innovations.
- Expansion of Service Offerings: The Service business has been a consistent and significant contributor to revenue growth. Mettler-Toledo reported particularly strong growth in Service in recent quarters, with sales increasing by 6% to 8% in local currency. This indicates a robust and growing demand for the company's service solutions.
- Capitalizing on Favorable Industry Trends: Mettler-Toledo is strategically positioned to benefit from emerging industry trends such as bioprocessing and onshoring. The company remains optimistic about opportunities in bioprocessing and is well-aligned with industry trends favoring technological advancements and the reshoring of manufacturing activities. These trends are expected to drive increased investments in Mettler-Toledo's precision instruments and services.
- Anticipated Increase in Customer Investment and Replacement Spending: As the business environment stabilizes and global market uncertainties potentially decrease, Mettler-Toledo expects an increase in customer capital expenditure and equipment replacement spending. The company anticipates an increase in replacement spending over the coming years as market conditions improve.
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Share Repurchases
- Mettler-Toledo International Inc. had an additional $2.75 billion authorized for its share repurchase program on September 30, 2025.
- As of September 30, 2025, the company had $1.1 billion remaining under its previous share repurchase authorizations, bringing the total authorized for future repurchases to $3.85 billion.
- Between April and June 2025, Mettler-Toledo bought back nearly 200,000 shares.
Share Issuance
- Mettler-Toledo's shares outstanding for the quarter ending June 30, 2025, were 0.021 billion, marking a 3.06% decline year-over-year.
- Shares outstanding declined by 2.96% in 2024 from 2023, by 3.28% in 2023 from 2022, and by 3.15% in 2022 from 2021.
- The company reported Ordinary Share Capital of $448K for the fiscal quarter ending March 2025.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 274.59 |
| Mkt Cap | 32.3 |
| Rev LTM | 5,487 |
| Op Inc LTM | 1,299 |
| FCF LTM | 1,000 |
| FCF 3Y Avg | 1,095 |
| CFO LTM | 1,257 |
| CFO 3Y Avg | 1,329 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 0.1% |
| Rev Chg Q | 6.5% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 21.1% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 22.9% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 18.5% |
| FCF/Rev 3Y Avg | 18.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 32.3 |
| P/S | 5.8 |
| P/EBIT | 24.5 |
| P/E | 31.5 |
| P/CFO | 25.4 |
| Total Yield | 3.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -10.4% |
| 3M Rtn | -7.0% |
| 6M Rtn | 8.2% |
| 12M Rtn | -5.7% |
| 3Y Rtn | -7.4% |
| 1M Excs Rtn | -9.9% |
| 3M Excs Rtn | -7.2% |
| 6M Excs Rtn | 2.8% |
| 12M Excs Rtn | -21.4% |
| 3Y Excs Rtn | -77.9% |
Price Behavior
Price Behavior
| Market Price | $1,392.65 | |
| Market Cap ($ Bil) | 28.6 | |
| First Trading Date | 11/14/1997 | |
| Distance from 52W High | -7.5% | |
| 50 Days | 200 Days | |
| DMA Price | $1,419.97 | $1,299.12 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -1.9% | 7.2% |
| 3M | 1YR | |
| Volatility | 23.3% | 33.6% |
| Downside Capture | 142.65 | 122.72 |
| Upside Capture | 110.46 | 109.51 |
| Correlation (SPY) | 56.8% | 65.8% |
MTD Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.20 | 1.82 | 1.16 | 1.10 | 1.14 | 1.10 |
| Up Beta | 3.45 | 3.49 | 1.57 | 1.46 | 1.15 | 1.08 |
| Down Beta | 1.36 | 1.21 | 0.57 | 0.84 | 1.11 | 1.11 |
| Up Capture | 208% | 133% | 118% | 115% | 111% | 88% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 9 | 18 | 27 | 59 | 121 | 380 |
| Down Capture | 311% | 231% | 141% | 106% | 114% | 106% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 11 | 23 | 34 | 66 | 129 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTD | |
|---|---|---|---|---|
| MTD | 5.4% | 33.5% | 0.20 | - |
| Sector ETF (XLV) | 8.3% | 17.3% | 0.30 | 69.3% |
| Equity (SPY) | 15.5% | 19.3% | 0.62 | 65.8% |
| Gold (GLD) | 75.7% | 24.9% | 2.23 | -4.6% |
| Commodities (DBC) | 8.8% | 16.6% | 0.34 | 16.4% |
| Real Estate (VNQ) | 6.0% | 16.6% | 0.18 | 57.7% |
| Bitcoin (BTCUSD) | -29.3% | 44.7% | -0.64 | 20.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTD | |
|---|---|---|---|---|
| MTD | 3.0% | 31.0% | 0.14 | - |
| Sector ETF (XLV) | 7.9% | 14.5% | 0.36 | 61.2% |
| Equity (SPY) | 13.9% | 17.0% | 0.65 | 61.8% |
| Gold (GLD) | 22.9% | 16.9% | 1.10 | 9.0% |
| Commodities (DBC) | 11.4% | 18.9% | 0.49 | 9.9% |
| Real Estate (VNQ) | 5.1% | 18.8% | 0.18 | 52.8% |
| Bitcoin (BTCUSD) | 13.3% | 57.9% | 0.45 | 19.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MTD | |
|---|---|---|---|---|
| MTD | 16.4% | 29.1% | 0.58 | - |
| Sector ETF (XLV) | 10.8% | 16.5% | 0.54 | 64.5% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 65.1% |
| Gold (GLD) | 15.7% | 15.5% | 0.85 | 2.9% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 16.1% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.26 | 49.9% |
| Bitcoin (BTCUSD) | 68.7% | 66.7% | 1.08 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | |||
| 11/6/2025 | -0.0% | -1.9% | -4.7% |
| 8/1/2025 | 2.9% | 4.9% | 6.6% |
| 5/1/2025 | 4.1% | 4.3% | 8.0% |
| 11/7/2024 | -7.2% | -12.3% | -9.2% |
| 8/1/2024 | -4.9% | -7.9% | -5.0% |
| 5/9/2024 | 17.0% | 18.6% | 11.9% |
| 2/8/2024 | -4.1% | -2.6% | 6.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 11 |
| # Negative | 12 | 13 | 12 |
| Median Positive | 3.9% | 4.5% | 8.0% |
| Median Negative | -2.2% | -4.2% | -7.7% |
| Max Positive | 17.0% | 18.6% | 18.6% |
| Max Negative | -7.2% | -12.3% | -15.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/06/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | De, La Guerroniere Marc | Head of Eur & NA Market Orgs | Direct | Sell | 11262025 | 1488.18 | 6,055 | 9,010,900 | 278,289 | Form |
| 2 | Vadala, Shawn | Chief Financial Officer | Direct | Sell | 11262025 | 1452.00 | 1,025 | 1,488,300 | 7,678,176 | Form |
| 3 | Vadala, Shawn | Chief Financial Officer | Direct | Sell | 11262025 | 1511.00 | 1,000 | 1,511,000 | 7,990,168 | Form |
| 4 | Keller, Gerry | Head of Process Analytics | Direct | Sell | 11252025 | 1418.58 | 236 | 334,785 | 225,554 | Form |
| 5 | Kaltenbach, Patrick | President and CEO | Direct | Sell | 11132025 | 1462.50 | 2,000 | 2,924,998 | 5,367,371 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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