Mettler-Toledo makes precision instruments used to weigh, measure and analyse. Its range covers laboratory balances, pipettes and analytical instruments for research and quality control, industrial weighing and product inspection systems for factories and food producers, and retail weighing equipment. Customers include pharmaceutical and chemical companies, research laboratories, food producers and manufacturers. The group is organised mainly around geographic regions, with operations in Europe, Asia and North America.
The company earns money from instruments and from recurring service, consumables and software that customers need over the life of each device. Revenue was $4.1 billion over the last twelve months, with growth of 0.9% a year across the last three years. The operating margin is 28.2%, and the business earns a profit of 46% on the capital invested in it. Net debt is 1.8 times EBITDA, and no dividend is paid. On the site's X-Ray Score it receives 50 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $1,023.05 – $1,659.70Volume 263,900Daily, split-adjusted
Vitals
Market cap$32.7B
52-week range$1,023.05 – $1,659.70
Volume (last day)263,900
P/E (TTM)36.6
EBIT / EV yield3.4%
Free-cash-flow yield2.6%
Dividend yieldNo dividend
Revenue (TTM)$4.1B
Net income (TTM)$906M
Operating margin28.2%
Return on capital46.4%
Debt incl. leases$2.1B
Cash & securities$51M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$1,193model spread $1,123 – $1,281
Overvalued−26.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Health Care peers. Open a lens to see the numbers behind it.
ValuationWeak
32/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.4%
Free-cash-flow yield2.6%
Fair value vs price0.7×
GrowthWeak
33/100
Growing slower than most of its sector.
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Revenue growth (3y)0.9%
EPS growth (3y)3.1%
Growth consistency70%
ProfitabilityStrong
75/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital46.4%
Operating margin28.2%
Gross profitability67.9%
Financial healthFair
58/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.8×
Interest cover16.8×
DividendsNone
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-4.6%Mar '25
+3.9%Jun '25
+7.9%Sep '25
+8.1%Dec '25
+7.2%Mar '26
+4.5%Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.0B, diluted EPS $11.55.
Other Life Sciences Tools & Services companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 7 Average · ● 5 Bad
Cash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 48/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$3.7B
$3.9B
$3.8B
$3.9B
$4.0B
Operating income
$993M
$1.1B
$1.1B
$1.1B
$1.1B
Net income
$769M
$873M
$789M
$863M
$869M
Operating cash flow
$909M
$859M
$966M
$968M
$956M
Operating margin
26.7%
28.7%
27.7%
28.7%
27.8%
Free cash flow
$801M
$738M
$861M
$864M
$849M
Diluted EPS
$32.78
$38.41
$35.90
$40.48
$42.05
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 2 neutral · 2 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
SMA 10
1,571.9
Bullish
EMA 10
1,577.7
Bullish
SMA 20
1,536.2
Bullish
EMA 20
1,533.8
Bullish
SMA 50
1,443.6
Bullish
EMA 50
1,457.3
Bullish
SMA 100
1,350.9
Bullish
EMA 100
1,394.1
Bullish
SMA 200
1,326.9
Bullish
EMA 200
1,349.4
Bullish
Oscillators (daily)
RSI (14)
71.44
Bearish
MACD (12, 26)
54.08
Bullish
Momentum (12)
7.37
Bullish
Stochastic %K (14)
79.88
Neutral
Williams %R (14)
-20.12
Neutral
CCI (20)
165.6
Bearish
Pivot points (classic, last session)
S3
1,574.4
S2
1,593.7
S1
1,608.0
Pivot
1,627.3
R1
1,641.6
R2
1,660.9
R3
1,675.2
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.