NYSE : MTD
Mettler-Toledo International Inc. — Financial statements
Healthcare · Diagnostics & Research · Switzerland
Last price 1674.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 33.56B
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Financial statements
Mettler-Toledo International Inc. (MTD) reported revenue of 4.13B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.13B | 4.03B | 3.87B | 3.79B | 3.92B | 3.72B |
| Cost of Revenue | 1.64B | 1.64B | 1.55B | 1.55B | 1.61B | 1.55B |
| Gross Profit | 2.49B | 2.39B | 2.33B | 2.24B | 2.31B | 2.17B |
| Selling, General & Admin | 1.01B | 984.71M | 928.60M | 896.51M | 921.56M | 932.58M |
| Research & Development | 208.01M | 199.37M | 189.36M | 185.28M | 177.12M | 169.77M |
| Amortization of Goodwill & Intangibles | 78.73M | 74.47M | 72.87M | 72.21M | 66.24M | 63.08M |
| Operating Expenses | 1.30B | 1.26B | 1.19B | 1.15B | 1.16B | 1.17B |
| Operating Income | 1.19B | 1.13B | 1.13B | 1.09B | 1.14B | 1.01B |
| Interest Expense | -69.34M | -68.52M | -74.63M | -77.37M | -55.39M | -43.24M |
| Currency Exchange Gain (Loss) | 4.70M | -30.90M | 20.10M | -40.80M | -18.90M | 17.70M |
| Other Non Operating Income (Expenses) | -2.05M | 31.90M | -22.93M | 37.35M | 12.22M | -15.74M |
| EBT Excluding Unusual Items | 1.13B | 1.06B | 1.06B | 1.01B | 1.08B | 964.85M |
| Merger & Restructuring Charges | -25.46M | -20.07M | -20.07M | -32.73M | -10.46M | -8.64M |
| Other Unusual Items | -4.00M | 4.40M | -6.85M | |||
| Pretax Income | 1.10B | 1.05B | 1.04B | 973.73M | 1.07B | 949.36M |
| Income Tax Expense | 191.75M | 179.72M | 174.08M | 184.95M | 198.09M | 180.38M |
| Net Income | 905.61M | 869.19M | 863.14M | 788.78M | 872.50M | 768.99M |
| Net Income to Common | 905.61M | 869.19M | 863.14M | 788.78M | 872.50M | 768.99M |
| Shares Outstanding (Basic) | 20.32M | 20.61M | 21.22M | 21.85M | 22.49M | 23.13M |
| Shares Outstanding (Diluted) | 20.38M | 20.67M | 21.32M | 21.97M | 22.72M | 23.46M |
| EPS (Basic) | 44.56 | 42.17 | 40.67 | 36.10 | 38.79 | 33.25 |
| EPS (Diluted) | 44.45 | 42.05 | 40.48 | 35.90 | 38.41 | 32.78 |
| Free Cash Flow | 863.97M | 848.65M | 864.45M | 860.55M | 737.83M | 801.25M |
| Free Cash Flow Per Share | 42.40 | 41.05 | 40.55 | 39.17 | 32.48 | 34.16 |
| Gross Margin | 60.26% | 59.37% | 60.06% | 59.16% | 58.88% | 58.41% |
| Operating Margin | 28.87% | 28.12% | 29.30% | 28.70% | 29.16% | 27.06% |
| Profit Margin | 21.91% | 21.59% | 22.29% | 20.82% | 22.26% | 20.68% |
| Free Cash Flow Margin | 20.90% | 21.08% | 22.32% | 22.72% | 18.82% | 21.55% |
| EBITDA | 1.28B | 1.21B | 1.21B | 1.16B | 1.22B | 1.07B |
| EBITDA Margin | 30.86% | 30.10% | 31.31% | 30.73% | 31.04% | 28.88% |
| D&A For EBITDA | 82.20M | 79.81M | 77.62M | 76.76M | 73.42M | 67.66M |
| EBIT | 1.19B | 1.13B | 1.13B | 1.09B | 1.14B | 1.01B |
| EBIT Margin | 28.87% | 28.12% | 29.30% | 28.70% | 29.16% | 27.06% |
| Effective Tax Rate | 17.47% | 17.13% | 16.78% | 18.99% | 18.50% | 19.00% |
| Revenue as Reported | 4.13B | 4.03B | 3.87B | 3.79B | 3.92B | 3.72B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 51.38M | 66.89M | 59.36M | 69.81M | 95.97M | 98.56M |
| Cash & Short-Term Investments | 51.38M | 66.89M | 59.36M | 69.81M | 95.97M | 98.56M |
| Receivables | 740.98M | 778.24M | 687.11M | 663.89M | 709.32M | 647.34M |
| Inventory | 411.56M | 387.23M | 342.27M | 385.87M | 441.69M | 414.54M |
| Other Current Assets | 143.46M | 130.31M | 105.16M | 110.64M | 128.11M | 108.92M |
| Total Current Assets | 1.35B | 1.36B | 1.19B | 1.23B | 1.38B | 1.27B |
| Property, Plant & Equipment | 831.94M | 972.99M | 883.01M | 917.77M | 892.92M | 917.86M |
| Goodwill | 735.21M | 739.23M | 668.91M | 670.11M | 660.17M | 648.62M |
| Other Intangible Assets | 266.26M | 278.91M | 257.14M | 285.43M | 306.05M | 307.45M |
| Long-Term Deferred Tax Assets | 41.27M | 41.38M | 34.59M | 31.20M | 27.08M | 39.50M |
| Other Long-Term Assets | 448.88M | 317.47M | 202.44M | 220.85M | 231.08M | 144.01M |
| Total Assets | 3.67B | 3.71B | 3.24B | 3.36B | 3.49B | 3.33B |
| Accounts Payable | 229.80M | 266.63M | 215.84M | 210.41M | 252.54M | 272.91M |
| Accrued Expenses | 429.78M | 382.37M | 339.08M | 317.01M | 370.59M | 409.58M |
| Current Portion of Long-Term Debt | 92.08M | 61.11M | 181.88M | 192.22M | 106.05M | 101.49M |
| Current Portion of Leases | 37.93M | 29.82M | 28.52M | 29.27M | 30.64M | |
| Current Income Taxes Payable | 188.49M | 201.18M | 193.33M | 219.98M | 191.10M | 134.77M |
| Current Unearned Revenue | 257.48M | 229.38M | 204.17M | 202.02M | 192.76M | 192.65M |
| Other Current Liabilities | 2.87M | 19.52M | 4.08M | 10.92M | 5.42M | 4.51M |
| Total Current Liabilities | 1.20B | 1.20B | 1.17B | 1.18B | 1.15B | 1.15B |
| Long-Term Debt | 2.05B | 2.07B | 1.83B | 1.89B | 1.91B | 1.58B |
| Long-Term Leases | 91.55M | 87.37M | 86.93M | 86.89M | 88.32M | |
| Pension & Post-Retirement Benefits | 113.72M | 164.82M | ||||
| Long-Term Deferred Tax Liabilities | 145.51M | 151.78M | 103.95M | 108.68M | 111.36M | 62.23M |
| Other Long-Term Liabilities | 266.79M | 220.10M | 181.52M | 240.18M | 99.42M | 112.66M |
| Total Liabilities | 3.66B | 3.74B | 3.37B | 3.51B | 3.47B | 3.16B |
| Common Stock | 448.00K | 448.00K | 448.00K | 448.00K | 448.00K | 448.00K |
| Additional Paid-In Capital | 947.93M | 936.28M | 897.02M | 871.11M | 850.37M | 825.97M |
| Retained Earnings | 9.64B | 9.24B | 8.37B | 7.51B | 6.73B | 5.86B |
| Treasury Stock | -10.26B | -9.84B | -9.05B | -8.21B | -7.33B | -6.26B |
| Comprehensive Income & Other | -320.70M | -359.16M | -345.86M | -319.81M | -227.23M | -255.22M |
| Shareholders' Equity | 12.82M | -23.64M | -126.89M | -149.94M | 24.79M | 171.42M |
| Total Liabilities & Equity | 3.67B | 3.71B | 3.24B | 3.36B | 3.49B | 3.33B |
| Total Debt | 2.14B | 2.27B | 2.12B | 2.20B | 2.13B | 1.80B |
| Net Cash (Debt) | -2.09B | -2.20B | -2.07B | -2.13B | -2.03B | -1.70B |
| Net Cash Per Share | -102.36 | -106.35 | -96.88 | -96.78 | -89.56 | -72.59 |
| Filing Date Shares Outstanding | 20.04M | 20.33M | 20.92M | 21.48M | 22.11M | 22.81M |
| Total Common Shares Outstanding | 20.04M | 20.36M | 20.95M | 21.53M | 22.14M | 22.84M |
| Working Capital | 146.89M | 164.55M | 25.71M | 49.12M | 227.36M | 122.82M |
| Book Value Per Share | 0.64 | -1.16 | -6.06 | -6.97 | 1.12 | 7.50 |
| Tangible Book Value | -988.65M | -1.04B | -1.05B | -1.11B | -941.43M | -784.65M |
| Tangible Book Value Per Share | -49.34 | -51.17 | -50.26 | -51.35 | -42.52 | -34.35 |
| Land | 71.49M | 61.69M | 64.87M | 61.07M | 61.88M | |
| Buildings | 466.67M | 404.70M | 407.84M | 372.40M | 367.85M | |
| Machinery | 572.93M | 511.41M | 527.04M | 488.92M | 473.91M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 905.61M | 869.19M | 863.14M | 788.78M | 872.50M | 768.99M |
| Depreciation & Amortization | 82.20M | 79.81M | 77.62M | 76.76M | 73.42M | 67.66M |
| Other Amortization | 48.80M | 45.80M | 45.60M | 44.40M | 39.60M | 40.40M |
| Stock-Based Compensation | 22.83M | 22.51M | 19.98M | 17.93M | 19.66M | 19.59M |
| Other Operating Activities | 12.69M | 3.79M | -28.20M | -13.37M | 26.52M | 7.79M |
| Change in Accounts Receivable | -45.54M | -46.35M | -53.00M | 50.30M | -83.42M | -66.47M |
| Change in Inventory | -17.55M | -7.65M | 24.13M | 71.02M | -43.39M | -118.72M |
| Change in Accounts Payable | 5.02M | 33.76M | 12.08M | -40.55M | -13.83M | 93.97M |
| Change in Income Taxes | -52.16M | -18.82M | -11.93M | 12.26M | 55.86M | 19.69M |
| Change in Other Net Operating Assets | 13.27M | -26.27M | 18.92M | -41.65M | -87.86M | 75.92M |
| Operating Cash Flow | 975.17M | 955.77M | 968.35M | 965.87M | 859.07M | 908.83M |
| Capital Expenditures | -111.20M | -107.12M | -103.90M | -105.32M | -121.24M | -107.58M |
| Sale of Property, Plant & Equipment | 1.63M | 835.00K | 399.00K | 3.65M | ||
| Cash Acquisitions | -93.17M | -93.84M | -10.09M | -5.81M | -37.95M | -220.86M |
| Other Investing Activities | 31.76M | 7.09M | -7.10M | -21.39M | 19.40M | 10.68M |
| Investing Cash Flow | -172.61M | -193.87M | -119.46M | -131.69M | -139.40M | -314.11M |
| Long-Term Debt Issued | 2.00B | 2.16B | 2.13B | 2.31B | 2.43B | |
| Long-Term Debt Repaid | -1.97B | -2.18B | -2.10B | -1.95B | -2.04B | |
| Net Debt Issued (Repaid) | -48.66M | 21.46M | -18.73M | 29.77M | 359.86M | 391.97M |
| Issuance of Common Stock | 24.63M | 32.27M | 23.72M | 19.23M | 33.22M | 20.46M |
| Repurchase of Common Stock | -790.30M | -807.75M | -858.09M | -900.00M | -1.10B | -1,000.00M |
| Other Financing Activities | -2.77M | -1.16M | -2.88M | -8.59M | -9.12M | -2.99M |
| Financing Cash Flow | -817.11M | -755.17M | -855.98M | -859.59M | -716.04M | -590.55M |
| Foreign Exchange Rate Adjustments | 4.10M | 801.00K | -3.35M | -754.00K | -6.23M | 142.00K |
| Net Cash Flow | -10.44M | 7.53M | -10.45M | -26.16M | -2.60M | 4.31M |
| Free Cash Flow | 863.97M | 848.65M | 864.45M | 860.55M | 737.83M | 801.25M |
| Free Cash Flow Margin | 20.90% | 21.08% | 22.32% | 22.72% | 18.82% | 21.55% |
| Free Cash Flow Per Share | 42.40 | 41.05 | 40.55 | 39.17 | 32.48 | 34.16 |
| Levered Free Cash Flow | 693.59M | 687.08M | 723.88M | 731.64M | 580.93M | 667.36M |
| Unlevered Free Cash Flow | 736.92M | 729.90M | 770.52M | 779.99M | 615.55M | 694.38M |
| Cash Interest Paid | 66.63M | 66.63M | 75.94M | 75.62M | 52.31M | 41.34M |
| Cash Income Tax Paid | 180.85M | 180.85M | 209.37M | 178.25M | 114.04M | 152.66M |
| Change in Working Capital | -96.96M | -65.33M | -9.80M | 51.38M | -172.64M | 4.39M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 33.58B | 28.48B | 25.82B | 26.30B | 32.23B | 39.01B |
| Enterprise Value | 35.67B | 30.62B | 27.83B | 28.34B | 34.08B | 40.52B |
| Last Close Price | 1,674.81 | 1,394.19 | 1,223.68 | 1,212.96 | 1,445.45 | 1,697.21 |
| PE Ratio | 37.71 | 32.77 | 29.92 | 33.34 | 36.93 | 50.73 |
| Forward PE | 33.93 | 31.30 | 29.81 | 31.73 | 35.00 | 47.62 |
| PS Ratio | 8.07 | 7.07 | 6.67 | 6.94 | 8.22 | 10.49 |
| PB Ratio | 2,601.96 | -1,204.99 | -203.51 | -175.42 | 1,299.77 | 227.58 |
| P/FCF Ratio | 38.62 | 33.56 | 29.87 | 30.56 | 43.68 | 48.69 |
| P/OCF Ratio | 34.21 | 29.80 | 26.67 | 27.23 | 37.51 | 42.92 |
| PEG Ratio | 3.24 | 3.23 | 2.86 | 3.11 | 2.15 | 2.81 |
| EV/Sales Ratio | 8.58 | 7.61 | 7.19 | 7.48 | 8.70 | 10.90 |
| EV/EBITDA Ratio | 27.79 | 25.27 | 22.95 | 24.35 | 28.02 | 37.74 |
| EV/EBIT Ratio | 29.70 | 27.05 | 24.52 | 26.07 | 29.82 | 40.27 |
| EV/FCF Ratio | 41.03 | 36.08 | 32.19 | 32.93 | 46.19 | 50.57 |
| Debt / Equity Ratio | 166.68 | -95.84 | -16.75 | -14.65 | 85.94 | 10.51 |
| Debt / EBITDA Ratio | 1.61 | 1.79 | 1.68 | 1.82 | 1.69 | 1.61 |
| Debt / FCF Ratio | 2.47 | 2.67 | 2.46 | 2.55 | 2.89 | 2.25 |
| Net Debt / Equity Ratio | 162.68 | -93.01 | -16.28 | -14.18 | 82.07 | 9.93 |
| Net Debt / EBITDA Ratio | 1.64 | 1.81 | 1.70 | 1.83 | 1.67 | 1.59 |
| Net Debt / FCF Ratio | 2.41 | 2.59 | 2.39 | 2.47 | 2.76 | 2.12 |
| Asset Turnover | 1.17 | 1.16 | 1.17 | 1.11 | 1.15 | 1.21 |
| Inventory Turnover | 4.11 | 4.49 | 4.25 | 3.74 | 3.77 | 4.34 |
| Quick Ratio | 0.66 | 0.70 | 0.64 | 0.62 | 0.70 | 0.65 |
| Current Ratio | 1.12 | 1.14 | 1.02 | 1.04 | 1.20 | 1.11 |
| Return on Equity (ROE) | 889.34% | 338.69% | ||||
| Return on Assets (ROA) | 21.10% | 20.35% | 21.51% | 19.85% | 20.95% | 20.48% |
| Return on Invested Capital (ROIC) | 42.28% | 40.91% | 44.48% | 41.60% | 47.37% | 46.59% |
| Return on Capital Employed (ROCE) | 48.30% | 45.00% | 54.80% | 50.00% | 48.80% | 46.10% |
| Earnings Yield | 2.65% | 3.05% | 3.34% | 3.00% | 2.71% | 1.97% |
| FCF Yield | 2.59% | 2.98% | 3.35% | 3.27% | 2.29% | 2.05% |
| Buyback Yield / Dilution | 2.98% | 3.04% | 2.96% | 3.29% | 3.15% | 3.06% |