Stocks MTD Financial statements
Financial statementsMETTLER TOLEDO INTERNATIONAL INC/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data METTLER TOLEDO INTERNATIONAL INC/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,508 | 2,725 | 2,936 | 3,009 | 3,085 | 3,718 | 3,920 | 3,788 | 3,872 | 4,026 |
| Cost of revenue | 768 | 834 | ||||||||
| Gross profit | 1,438 | 1,576 | 1,684 | 1,741 | 1,801 | 2,172 | 2,308 | 2,241 | 2,326 | 2,391 |
| Research and development | 119 | 128 | 141 | 144 | 140 | 170 | 177 | 185 | 189 | 199 |
| Selling, general and administrative | 745 | 795 | 813 | 819 | 820 | 944 | 938 | 904 | 936 | 998 |
| Interest expense | 28 | 32.8 | 34.5 | 37.4 | 38.6 | 43.2 | 55.4 | 77.4 | 74.6 | 68.5 |
| Other non-operating income | 1.33 | 9.87 | 21.8 | 6.18 | 13.8 | 3.11 | 9.32 | 4.15 | 4.57 | 16.8 |
| Pre-tax income | 504 | 574 | 652 | 681 | 749 | 949 | 1,071 | 974 | 1,037 | 1,049 |
| Income tax | 120 | 198 | 139 | 120 | 146 | 180 | 198 | 185 | 174 | 180 |
| Net income | 384 | 376 | 513 | 561 | 603 | 769 | 873 | 789 | 863 | 869 |
| EPS, basic | 14.49 | 14.62 | 20.33 | 22.84 | 25.24 | 33.25 | 38.79 | 36.10 | 40.67 | 42.17 |
| EPS, diluted | 14.22 | 14.24 | 19.88 | 22.47 | 24.91 | 32.78 | 38.41 | 35.90 | 40.48 | 42.05 |
| Shares, basic (weighted) | 26.5 | 25.7 | 25.2 | 24.6 | 23.9 | 23.1 | 22.5 | 21.8 | 21.2 | 20.6 |
| Shares, diluted (weighted) | 27 | 26.4 | 25.8 | 25 | 24.2 | 23.5 | 22.7 | 22 | 21.3 | 20.7 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 159 | 149 | 178 | 208 | 94.3 | 98.6 | 96 | 69.8 | 59.4 | 66.9 |
| Receivables | 455 | 529 | 536 | 566 | 594 | 647 | 709 | 664 | 687 | 778 |
| Inventory | 222 | 255 | 269 | 274 | 298 | 415 | 442 | 386 | 342 | 387 |
| Other current assets | 61.1 | 74 | 63.4 | 61.3 | 71.2 | 109 | 128 | 111 | 105 | 130 |
| Total current assets | 897 | 1,007 | 1,046 | 1,110 | 1,057 | 1,269 | 1,375 | 1,230 | 1,194 | 1,363 |
| Property, plant and equipment | 564 | 668 | 718 | 749 | 799 | 799 | 779 | 803 | 770 | 846 |
| Lease right-of-use assets | 87.3 | 118 | 114 | 114 | 107 | 112 | ||||
| Goodwill | 476 | 540 | 535 | 536 | 550 | 649 | 660 | 670 | 669 | 739 |
| Intangible assets | 167 | 227 | 217 | 206 | 197 | 307 | 306 | 285 | 257 | 279 |
| Other non-current assets | 28.9 | 66.8 | 68.3 | 152 | 170 | 263 | 345 | 335 | 315 | 445 |
| Total assets | 2,167 | 2,550 | 2,619 | 2,789 | 2,815 | 3,327 | 3,492 | 3,356 | 3,240 | 3,713 |
| Accounts payable | 147 | 168 | 197 | 186 | 176 | 273 | 253 | 210 | 216 | 267 |
| Accrued liabilities | 133 | 153 | 156 | 166 | 197 | 209 | 205 | 196 | 188 | 237 |
| Short-term debt | 19 | 19.7 | 49.7 | 55.9 | 50.3 | 101 | 106 | 192 | 183 | 63.9 |
| Total current liabilities | 588 | 690 | 734 | 755 | 840 | 1,147 | 1,148 | 1,181 | 1,168 | 1,198 |
| Long-term debt | 875 | 960 | 985 | 1,235 | 1,284 | 1,581 | 1,908 | 1,889 | 1,831 | 2,088 |
| Lease liabilities | 60.9 | 88.3 | 86.9 | 86.9 | 82 | 78 | ||||
| Other non-current liabilities | 205 | 301 | 261 | 333 | 373 | 366 | 300 | 327 | 263 | 298 |
| Total liabilities | 1,732 | 2,003 | 2,029 | 2,369 | 2,532 | 3,155 | 3,468 | 3,505 | 3,367 | 3,736 |
| Total debt | 875 | 960 | 985 | 1,235 | 1,284 | 1,581 | 1,908 | 1,889 | 1,831 | 2,088 |
| Paid-in capital | 731 | 747 | 765 | 784 | 805 | 826 | 850 | 871 | 897 | 936 |
| Retained earnings | 3,066 | 3,433 | 3,942 | 4,499 | 5,096 | 5,859 | 6,727 | 7,511 | 8,371 | 9,238 |
| Treasury stock | -3,007 | -3,368 | -3,815 | -4,539 | -5,284 | -6,259 | -7,326 | -8,212 | -9,050 | -9,839 |
| Other comprehensive income | -355 | -265 | -302 | -324 | -335 | -255 | -227 | -320 | -346 | -359 |
| Shareholders' equity | 435 | 547 | 590 | 421 | 283 | 171 | 24.8 | -150 | -127 | -23.6 |
| Total equity | 435 | 547 | 590 | 421 | 283 | 171 | 24.8 | -150 | -127 | -23.6 |
| Total liabilities and equity | 2,167 | 2,550 | 2,619 | 2,789 | 2,815 | 3,327 | 3,492 | 3,356 | 3,240 | 3,713 |
| Shares outstanding | 26 | 25.5 | 24.9 | 24.1 | 23.5 | 22.8 | 22.1 | 21.5 | 20.9 | 22.1 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 384 | 376 | 513 | 561 | 603 | 769 | 873 | 789 | 863 | 869 |
| Depreciation and amortization | 32.7 | 33.5 | 37.2 | 39 | 42 | 45 | 46.8 | 49 | 50.4 | 51.1 |
| Stock-based compensation | 15.3 | 16.6 | 17.6 | 18.3 | 18.7 | 19.6 | 19.7 | 17.9 | 20 | 22.5 |
| Deferred income tax | 1.88 | -2.75 | 2.3 | -4.63 | -12.8 | 0.56 | 26.5 | -13.4 | -5.22 | 17.5 |
| Change in receivables | -52.2 | -39 | -19.5 | -31.4 | -4.5 | -66.5 | -83.4 | 50.3 | -53 | -46.3 |
| Change in inventory | -12.4 | -13.7 | -21.2 | -4.6 | -3.84 | -119 | -43.4 | 71 | 24.1 | -7.65 |
| Change in payables | 9.63 | 11.9 | 33.7 | -12.2 | -17.8 | 94 | -13.8 | -40.6 | 12.1 | 33.8 |
| Cash from operations | 461 | 516 | 565 | 603 | 725 | 909 | 859 | 966 | 968 | 956 |
| Capital expenditures | -124 | -127 | -143 | -97.3 | -92.5 | -108 | -121 | -105 | -104 | -107 |
| Acquisitions | -111 | -108 | -5.53 | -2 | -6.24 | -221 | -38 | -5.81 | -10.1 | -93.8 |
| Cash from investing | -231 | -217 | -139 | -99.1 | -100 | -314 | -139 | -132 | -119 | -194 |
| Stock issued | 25.5 | 28.6 | 24.6 | 47.6 | 26.7 | 20.5 | 33.2 | 19.2 | 23.7 | 32.3 |
| Share buybacks | -500 | -400 | -475 | -775 | -775 | -1,000 | -1,100 | -900 | -850 | -800 |
| Cash from financing | -164 | -320 | -388 | -477 | -744 | -591 | -716 | -860 | -856 | -755 |
| Exchange rate effect | -5.91 | 10.6 | -8.62 | 2.68 | 6.04 | 0.14 | -6.23 | -0.75 | -3.35 | 0.8 |
| Net change in cash | 59.8 | -9.99 | 29.4 | 29.7 | -114 | 4.31 | -2.6 | -26.2 | -10.4 | 7.53 |
| Free cash flow | 337 | 389 | 422 | 506 | 632 | 801 | 738 | 861 | 864 | 849 |
| Interest paid | 28 | 33.3 | 34.5 | 37.5 | 37.8 | 41.3 | 52.3 | 75.6 | 75.9 | 66.6 |
| Income taxes paid | 92.6 | 110 | 132 | 129 | 135 | 153 | 114 | 178 | 209 | 181 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 60.3% | Gross profit / revenue. |
| Pre-tax margin | 26.5% | Pre-tax income / revenue. |
| Net margin | 21.9% | Net income / revenue. |
| FCF margin | 20.9% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 23.6% | Cash from operations / revenue. |
| Effective tax rate | 17.5% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 7,062.0% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 24.7% | Net income / average total assets. |
| R&D / revenue | 5.0% | Research and development expense / revenue. |
| SG&A / revenue | 24.9% | Selling, general and administrative expense / revenue. |
| Stock-based pay / revenue | 0.6% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 2.7% | Capital expenditures / revenue. |
| D&A / revenue | 1.3% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 4.0% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 0.9% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 5.5% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 2.8% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 1.2% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 5.8% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 0.7% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -0.1% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 7.6% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 3.9% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 3.1% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 11.0% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -1.3% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 3.6% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 5.7% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -1.8% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 4.8% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 6.1% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 14.6% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 2.1% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 5.7% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -3.0% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -3.1% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -3.1% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.12x | Current assets / current liabilities. |
| Quick ratio | 0.65x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.04x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 159x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 55.7% | Total debt / total assets. |
| Liabilities / assets | 99.7% | Total liabilities / total assets. |
| Net debt | $1.99B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | $146.9M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 27.3% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$988.6M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.13x | Revenue / average total assets. |
| Fixed asset turnover | 4.97x | Revenue / average property, plant and equipment. |
| Receivables turnover | 5.65x | Revenue / average receivables. |
| Days sales outstanding | 65 days | 365 x average receivables / revenue. |
| FCF conversion | 95.4% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 11.4% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $44.91 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $204.99 | Revenue / diluted weighted shares. |
| FCF per share | $42.84 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $48.36 | Cash from operations / diluted weighted shares. |
| Book value per share | $0.59 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$45.59 | Tangible book value / shares outstanding. |
| Cash per share | $2.37 | (Cash + short-term investments) / shares outstanding. |
| Buybacks / FCF | 89.7% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $30.29B | Share price x shares outstanding. |
| Enterprise value | $32.28B | Market cap + total debt - cash - short-term investments. |
| P/E | 33.4x | Market cap / net income. Only when net income is positive. |
| P/S | 7.33x | Market cap / revenue. |
| P/B | 2,362x | Market cap / shareholders' equity. Only when equity is positive. |
| P/FCF | 35.1x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 31.1x | Market cap / cash from operations, when positive. |
| EV/Sales | 7.81x | Enterprise value / revenue. |
| EV/FCF | 37.4x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 2.9% | Free cash flow / market cap. |
| Earnings yield | 3.0% | Net income / market cap (the inverse of P/E). |
| Shareholder yield | 2.6% | (Dividends paid + share buybacks) / market cap. |
| PEG | 10.9x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was METTLER TOLEDO INTERNATIONAL INC/'s revenue in fiscal 2025?
METTLER TOLEDO INTERNATIONAL INC/ reported revenue of $4.03B for fiscal 2025, 4% higher than the year before.
Was METTLER TOLEDO INTERNATIONAL INC/ profitable in fiscal 2025?
Yes. Net income was $869.2M, a net margin of 21.6%.
How much free cash flow did METTLER TOLEDO INTERNATIONAL INC/ generate in fiscal 2025?
Cash from operations of $955.8M minus capital expenditures of $107.1M left free cash flow of $848.6M.