Mettler-Toledo International (MTD) Financials

$1,320.43 +42.43 (+3.32%)

Closing price 03:59 PM Eastern

Extended Trading

$1,321.14 +0.71 (+0.05%)

As of 04:33 PM Eastern

Annual Income Statements for Mettler-Toledo International

This table shows Mettler-Toledo International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	338	353	384	5,826	513	561	603	769	873	789	863
Consolidated Net Income / (Loss)	338	353	384	376	513	561	603	769	873	789	863
Net Income / (Loss) Continuing Operations	338	353	384	5,826	513	561	603	769	873	789	863
Total Pre-Tax Income	445	463	504	574	652	681	749	949	1,071	974	1,037
Total Operating Income	472	490	531	6,047	665	713	774	989	1,117	1,047	1,107
Total Gross Profit	1,359	1,352	1,438	1,576	1,684	1,741	1,801	2,172	2,308	2,241	2,326
Total Revenue	2,486	2,395	2,508	8,175	2,936	3,009	3,085	3,718	3,920	3,788	3,872
Operating Revenue	2,486	2,395	2,508	2,725	2,936	3,009	3,085	3,718	3,920	3,788	3,872
Total Cost of Revenue	1,127	1,043	1,071	1,149	1,251	1,267	1,284	1,546	1,612	1,547	1,547
Operating Cost of Revenue	1,127	1,043	1,071	1,149	1,251	1,267	1,284	1,546	1,612	1,547	1,547
Total Operating Expenses	887	862	907	979	1,020	1,029	1,028	1,182	1,191	1,194	1,218
Selling, General & Admin Expense	729	701	745	795	813	819	820	944	938	904	936
Research & Development Expense	123	119	119	128	141	144	140	170	177	185	189
Amortization Expense	29	31	36	43	48	50	57	63	66	72	73
Restructuring Charge	5.92	11	6.24	13	18	16	11	5.24	9.56	33	20
Total Other Income / (Expense), net	-27	-27	-27	-23	-13	-31	-25	-40	-46	-73	-70
Interest Expense	25	27	28	33	35	37	39	43	55	77	75
Other Income / (Expense), net	-2.23	0.87	1.33	9.87	22	6.18	14	3.11	9.32	4.15	4.57
Income Tax Expense	107	111	120	198	139	120	146	180	198	185	174
Basic Earnings per Share	$11.71	$12.75	$14.49	$14.62	$20.33	$22.84	$25.24	$33.25	$38.79	$36.10	$40.67
Weighted Average Basic Shares Outstanding	28.89M	27.68M	26.52M	25.71M	25.22M	24.57M	23.88M	23.13M	22.49M	21.85M	21.22M
Diluted Earnings per Share	$11.44	$12.48	$14.22	$14.24	$19.88	$22.47	$24.91	$32.78	$38.41	$35.90	$40.48
Weighted Average Diluted Shares Outstanding	29.57M	28.27M	27.02M	26.39M	25.78M	24.97M	24.20M	23.46M	22.72M	21.97M	21.32M
Weighted Average Basic & Diluted Shares Outstanding	28.90M	26.98M	26.50M	25.70M	25.20M	24.05M	23.41M	22.81M	22.11M	21.48M	20.92M

This table shows Mettler-Toledo International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	266	188	214	202	185	178	222	212	252	164	202
Consolidated Net Income / (Loss)	266	188	214	202	185	178	222	212	252	164	202
Net Income / (Loss) Continuing Operations	266	188	214	202	185	178	222	212	252	164	202
Total Pre-Tax Income	325	227	263	251	233	221	243	259	315	202	249
Total Operating Income	340	244	282	270	251	239	261	276	332	216	262
Total Gross Profit	632	547	584	560	552	548	566	572	639	526	580
Total Revenue	1,058	929	982	942	935	926	947	955	1,045	884	983
Operating Revenue	1,058	929	982	942	935	926	947	955	1,045	884	983
Total Cost of Revenue	426	382	399	383	383	378	381	382	406	358	403
Operating Cost of Revenue	426	382	399	383	383	378	381	382	406	358	403
Total Operating Expenses	292	302	302	289	301	309	305	297	308	310	318
Selling, General & Admin Expense	228	235	229	217	223	234	236	229	237	243	247
Research & Development Expense	46	45	47	46	46	46	46	47	50	46	49
Amortization Expense	17	18	18	18	18	18	18	18	18	17	18
Restructuring Charge	1.75	4.27	8.02	7.39	13	9.66	5.33	2.63	2.15	3.77	3.56
Total Other Income / (Expense), net	-15	-18	-18	-19	-18	-19	-17	-17	-17	-14	-13
Interest Expense	17	18	19	20	20	19	19	19	18	17	17
Other Income / (Expense), net	1.50	0.40	1.01	1.17	1.57	0.34	1.53	1.85	0.84	2.82	3.28
Income Tax Expense	59	38	49	50	48	43	21	47	62	38	46
Basic Earnings per Share	$11.91	$8.53	$9.75	$9.26	$8.56	$8.28	$10.42	$10.01	$11.96	$7.84	$9.78
Weighted Average Basic Shares Outstanding	22.49M	22.08M	21.94M	21.78M	21.85M	21.44M	21.28M	21.14M	21.22M	20.87M	20.69M
Diluted Earnings per Share	$11.81	$8.47	$9.69	$9.21	$8.53	$8.24	$10.37	$9.96	$11.91	$7.81	$9.76
Weighted Average Diluted Shares Outstanding	22.72M	22.25M	22.08M	21.89M	21.97M	21.54M	21.39M	21.24M	21.32M	20.95M	20.74M
Weighted Average Basic & Diluted Shares Outstanding	22.11M	22.02M	-	-	21.48M	21.36M	-	-	20.92M	20.78M	20.60M

This table details how cash moves in and out of Mettler-Toledo International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-27	14	60	-9.99	29	30	-114	4.31	-2.60	-26	-10
Net Cash From Operating Activities	419	440	461	516	565	603	725	909	859	966	968
Net Cash From Continuing Operating Activities	419	440	461	516	565	603	725	909	859	966	968
Net Income / (Loss) Continuing Operations	338	353	384	376	513	561	603	769	873	789	863
Consolidated Net Income / (Loss)	338	353	384	376	513	561	603	769	873	789	863
Depreciation Expense	34	33	33	33	37	39	42	45	47	49	50
Amortization Expense	29	31	36	43	48	50	57	63	66	72	73
Non-Cash Adjustments To Reconcile Net Income	10	14	24	83	21	14	3.50	21	46	4.56	-8.22
Changes in Operating Assets and Liabilities, net	7.60	8.56	-16	-18	-53	-60	20	11	-173	51	-9.80
Net Cash From Investing Activities	-94	-101	-231	-217	-139	-99	-100	-314	-139	-132	-119
Net Cash From Continuing Investing Activities	-94	-101	-231	-217	-139	-99	-100	-314	-139	-132	-119
Purchase of Property, Plant & Equipment	-89	-83	-124	-127	-143	-97	-92	-108	-121	-105	-104
Acquisitions	-5.78	-14	-111	-108	-5.53	-2.00	-6.24	-221	-38	-5.81	-10
Sale of Property, Plant & Equipment	0.73	0.95	0.42	12	8.19	1.42	3.11	3.65	0.40	0.84	1.63
Other Investing Activities, net	0.12	-5.42	3.46	6.55	1.12	-1.16	-4.73	11	19	-21	-7.10
Net Cash From Financing Activities	-348	-320	-164	-320	-388	-477	-744	-591	-716	-860	-856
Net Cash From Continuing Financing Activities	-348	-320	-164	-320	-388	-477	-744	-591	-716	-860	-848
Repayment of Debt	-587	-596	-595	-1,192	-878	-1,175	-1,485	-2,039	-1,949	-2,098	-2,178
Repurchase of Common Equity	-414	-495	-500	-400	-475	-775	-775	-1,000	-1,100	-900	-850
Issuance of Debt	629	742	906	1,244	941	1,435	1,489	2,428	2,307	2,127	2,157
Other Financing Activities, net	24	29	25	29	25	38	27	20	25	11	24
Other Net Changes in Cash	-	-	-	-	-	-	6.04	0.14	-6.23	-0.75	-3.35
Cash Interest Paid	23	27	28	33	34	37	38	41	52	76	76
Cash Income Taxes Paid	95	85	93	110	132	129	135	153	114	178	209

This table details how cash moves in and out of Mettler-Toledo International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-45	-6.88	20	1.91	-41	0.38	11	17	-39	4.93	-2.47
Net Cash From Operating Activities	304	153	267	264	282	190	258	255	266	194	236
Net Cash From Continuing Operating Activities	304	153	267	264	282	190	280	255	243	194	236
Net Income / (Loss) Continuing Operations	266	188	214	202	185	178	222	212	252	164	202
Consolidated Net Income / (Loss)	266	188	214	202	185	178	222	212	252	164	202
Depreciation Expense	12	12	12	12	13	13	12	13	13	12	13
Amortization Expense	17	18	18	18	18	18	18	18	18	17	18
Non-Cash Adjustments To Reconcile Net Income	32	4.03	4.20	4.23	-7.90	4.72	4.54	4.36	-22	4.26	6.26
Changes in Operating Assets and Liabilities, net	-23	-69	18	28	74	-23	24	7.71	-18	-3.06	-2.69
Net Cash From Investing Activities	-50	-22	-43	-31	-36	-8.94	-22	-38	-51	-6.91	-48
Net Cash From Continuing Investing Activities	-54	-22	-28	-19	-61	-8.94	-34	-21	-55	-6.91	-48
Purchase of Property, Plant & Equipment	-32	-23	-29	-21	-32	-17	-24	-21	-41	-17	-24
Acquisitions	-12	-0.61	-	-	-5.20	-1.00	-1.47	-	-7.62	0.00	-2.92
Purchase of Investments	-	1.42	-1.42	-	-	9.46	-9.46	-	-	10	-21
Net Cash From Financing Activities	-285	-138	-227	-246	-249	-179	-234	-219	-224	-184	-186
Net Cash From Continuing Financing Activities	-301	-138	-216	-241	-265	-179	-234	-219	-216	-184	-186
Repayment of Debt	-599	-504	-455	-509	-630	-418	-601	-560	-599	-480	-584
Repurchase of Common Equity	-275	-250	-250	-224	-176	-212	-212	-212	-213	-219	-219
Issuance of Debt	575	605	476	489	557	450	573	539	595	512	610
Other Financing Activities, net	-2.07	11	13	2.29	-16	1.83	6.31	14	1.38	2.20	6.86
Other Net Changes in Cash	5.66	-0.12	-1.98	-1.75	3.10	-1.58	-	2.64	-3.65	1.53	-5.18

This table presents Mettler-Toledo International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,009	1,959	2,167	2,550	2,619	2,789	2,815	3,327	3,492	3,356	3,240
Total Current Assets	849	795	897	149	1,046	1,110	1,057	1,269	1,375	1,230	1,194
Cash & Equivalents	85	99	159	149	178	208	94	99	96	70	59
Accounts Receivable	436	411	455	-	536	566	594	647	709	664	687
Inventories, net	205	214	222	-	269	274	298	415	442	386	342
Prepaid Expenses	62	71	61	-	63	61	71	109	128	111	105
Plant, Property, & Equipment, net	511	517	564	0.00	718	749	799	799	779	803	770
Total Noncurrent Assets	648	647	706	540	855	931	959	1,258	1,339	1,322	1,276
Goodwill	444	446	476	540	535	536	550	649	660	670	669
Intangible Assets	113	115	167	-	217	206	197	307	306	285	257
Noncurrent Deferred & Refundable Income Taxes	30	33	34	-	35	37	42	39	27	31	35
Other Noncurrent Operating Assets	61	52	29	-	68	152	170	263	345	335	315
Total Liabilities & Shareholders' Equity	2,009	1,959	2,167	-158	2,619	2,789	2,815	3,327	3,492	3,356	3,240
Total Liabilities	1,290	1,379	1,732	107	2,029	2,369	2,532	3,155	3,468	3,505	3,367
Total Current Liabilities	679	558	588	107	734	755	840	1,147	1,148	1,181	1,168
Short-Term Debt	116	14	19	-	50	56	50	101	106	192	183
Accounts Payable	146	142	147	-	197	186	176	273	253	210	216
Accrued Expenses	121	128	133	-	156	166	197	209	205	196	188
Current Deferred Revenue	82	89	100	107	105	-	-	-	-	-	204
Current Deferred & Payable Income Tax Liabilities	78	49	48	-	74	69	89	135	191	220	193
Current Employee Benefit Liabilities	136	136	140	-	153	155	179	236	200	160	185
Total Noncurrent Liabilities	611	821	1,144	0.00	1,294	1,614	1,692	2,009	2,320	2,324	2,199
Long-Term Debt	336	575	875	-	985	1,235	1,284	1,581	1,908	1,889	1,831
Noncurrent Deferred & Payable Income Tax Liabilities	57	51	64	-	49	45	34	62	111	109	104
Other Noncurrent Operating Liabilities	218	195	205	-	261	333	373	366	300	327	263
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	720	580	435	-265	590	421	283	171	25	-150	-127
Total Preferred & Common Equity	720	580	435	547	590	421	283	171	25	-150	-127
Preferred Stock	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	720	580	435	-265	590	421	283	171	25	-150	-127
Common Stock	671	698	731	-	765	784	806	826	851	872	897
Retained Earnings	2,357	2,692	3,066	-	3,942	4,499	5,096	5,859	6,727	7,511	8,371
Treasury Stock	-2,096	-2,543	-3,007	-	-3,815	-4,539	-5,284	-6,259	-7,326	-8,212	-9,050
Accumulated Other Comprehensive Income / (Loss)	-213	-267	-355	-265	-302	-324	-335	-255	-227	-320	-346

This table presents Mettler-Toledo International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	3,492	3,410	3,370	3,289	3,356	3,283	3,249	3,320	3,240	3,235	3,400
Total Current Assets	1,375	1,287	1,247	1,197	1,230	1,211	1,178	1,198	1,194	1,165	1,244
Cash & Equivalents	96	89	84	70	70	70	71	72	59	64	62
Accounts Receivable	709	640	648	635	664	650	635	637	687	638	682
Inventories, net	442	428	395	376	386	374	366	376	342	359	388
Prepaid Expenses	128	130	120	116	111	117	106	114	105	103	113
Plant, Property, & Equipment, net	779	780	781	763	803	773	769	790	770	778	817
Total Noncurrent Assets	1,339	1,343	1,343	1,329	1,322	1,299	1,302	1,331	1,276	1,292	1,339
Goodwill	660	662	665	661	670	666	665	672	669	673	684
Intangible Assets	306	300	295	287	285	274	268	263	257	252	254
Noncurrent Deferred & Refundable Income Taxes	27	28	28	28	31	31	31	32	35	36	37
Other Noncurrent Operating Assets	345	353	356	353	335	327	338	364	315	331	364
Total Liabilities & Shareholders' Equity	3,492	3,410	3,370	3,289	3,356	3,283	3,249	3,320	3,240	3,235	3,400
Total Liabilities	3,468	3,434	3,460	3,395	3,505	3,442	3,402	3,474	3,367	3,417	3,659
Total Current Liabilities	1,148	1,004	1,008	1,070	1,181	1,132	1,281	1,185	1,168	1,150	1,107
Short-Term Debt	106	107	107	179	192	183	311	186	183	183	60
Accounts Payable	253	177	170	174	210	189	199	203	216	201	216
Accrued Expenses	205	189	178	173	196	190	181	190	188	182	189
Current Deferred Revenue	-	211	205	191	-	217	214	211	-	233	244
Current Deferred & Payable Income Tax Liabilities	191	189	209	209	220	223	218	221	193	216	238
Current Employee Benefit Liabilities	200	131	140	145	160	130	157	174	185	134	159
Total Noncurrent Liabilities	2,320	2,430	2,452	2,324	2,324	2,310	2,121	2,289	2,199	2,267	2,552
Long-Term Debt	1,908	2,016	2,045	1,929	1,889	1,904	1,747	1,892	1,831	1,891	2,124
Noncurrent Deferred & Payable Income Tax Liabilities	111	113	116	112	109	100	102	108	104	104	115
Other Noncurrent Operating Liabilities	300	301	291	283	327	306	272	290	263	272	314
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	25	-24	-90	-106	-150	-159	-153	-154	-127	-182	-259
Total Preferred & Common Equity	25	-24	-90	-106	-150	-159	-153	-154	-127	-182	-259
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	25	-24	-90	-106	-150	-159	-153	-154	-127	-182	-259
Common Stock	851	856	862	866	872	877	882	890	897	904	912
Retained Earnings	6,727	6,913	7,127	7,328	7,511	7,688	7,910	8,121	8,371	8,535	8,737
Treasury Stock	-7,326	-7,565	-7,811	-8,037	-8,212	-8,426	-8,635	-8,838	-9,050	-9,269	-9,486
Accumulated Other Comprehensive Income / (Loss)	-227	-229	-267	-263	-320	-298	-310	-328	-346	-351	-422

This table displays calculated financial ratios and metrics derived from Mettler-Toledo International's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.50%	-3.64%	4.71%	225.93%	-64.09%	2.49%	2.54%	20.51%	5.43%	-3.35%	2.22%
EBITDA Growth	9.82%	4.24%	8.31%	920.48%	-87.43%	4.72%	9.73%	24.22%	12.57%	-5.39%	5.36%
EBIT Growth	10.37%	4.54%	8.42%	1,038.09%	-88.67%	4.73%	9.54%	26.07%	13.44%	-6.65%	5.78%
NOPAT Growth	10.09%	4.04%	8.49%	878.31%	-86.80%	12.29%	6.11%	28.71%	13.54%	-6.81%	8.65%
Net Income Growth	10.50%	4.31%	8.94%	-2.18%	36.34%	9.46%	7.42%	27.58%	13.46%	-9.60%	9.43%
EPS Growth	14.86%	9.09%	13.94%	0.14%	39.61%	13.03%	10.86%	31.59%	17.18%	-6.53%	12.76%
Operating Cash Flow Growth	21.10%	4.99%	4.77%	12.06%	9.43%	6.80%	20.09%	25.41%	-5.48%	12.43%	0.26%
Free Cash Flow Firm Growth	149.56%	-23.67%	-21.26%	1,436.90%	-110.46%	207.71%	14.12%	-5.69%	26.66%	28.95%	2.64%
Invested Capital Growth	-12.13%	-1.39%	9.25%	-63.03%	234.35%	3.98%	1.24%	15.23%	10.75%	-4.23%	-1.80%
Revenue Q/Q Growth	0.53%	-0.99%	1.46%	207.72%	-64.83%	0.87%	3.14%	1.89%	0.52%	-3.14%	2.93%
EBITDA Q/Q Growth	2.95%	0.42%	3.87%	819.93%	-87.53%	0.34%	4.88%	-0.16%	3.70%	-6.93%	6.97%
EBIT Q/Q Growth	3.34%	0.40%	3.99%	921.14%	-88.75%	0.21%	5.06%	-0.45%	4.10%	-7.86%	7.77%
NOPAT Q/Q Growth	3.34%	0.38%	1.86%	785.87%	-87.08%	4.28%	3.62%	0.37%	4.17%	-8.54%	7.79%
Net Income Q/Q Growth	3.36%	0.62%	3.90%	-13.92%	25.52%	2.10%	4.07%	0.57%	4.17%	-9.32%	8.48%
EPS Q/Q Growth	4.86%	2.21%	5.33%	-13.33%	26.22%	3.36%	5.02%	-0.18%	5.23%	-8.37%	9.11%
Operating Cash Flow Q/Q Growth	8.32%	2.16%	0.76%	2.31%	6.30%	0.52%	7.28%	-1.06%	7.85%	-2.24%	-1.56%
Free Cash Flow Firm Q/Q Growth	72.00%	-21.34%	8.77%	1,890.01%	-112.23%	3.59%	4.51%	-11.49%	-6.09%	21.09%	1.99%
Invested Capital Q/Q Growth	-10.05%	-1.35%	-2.65%	-69.38%	0.54%	0.91%	0.61%	5.17%	9.55%	-3.72%	-1.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.66%	56.44%	57.32%	19.27%	57.38%	57.87%	58.38%	58.41%	58.88%	59.16%	60.06%
EBITDA Margin	21.41%	23.17%	23.96%	75.02%	26.27%	26.84%	28.72%	29.60%	31.61%	30.94%	31.89%
Operating Margin	18.98%	20.46%	21.17%	73.97%	22.64%	23.69%	25.07%	26.61%	28.49%	27.64%	28.59%
EBIT Margin	18.89%	20.49%	21.22%	74.09%	23.38%	23.89%	25.52%	26.70%	28.73%	27.75%	28.71%
Profit (Net Income) Margin	13.61%	14.73%	15.32%	4.60%	17.46%	18.65%	19.54%	20.68%	22.26%	20.82%	22.29%
Tax Burden Percent	76.01%	76.13%	76.23%	65.48%	78.64%	82.35%	80.50%	81.00%	81.50%	81.01%	83.22%
Interest Burden Percent	94.77%	94.41%	94.73%	9.48%	94.97%	94.80%	95.10%	95.64%	95.08%	92.64%	93.29%
Effective Tax Rate	23.99%	23.87%	23.77%	34.53%	21.36%	17.65%	19.50%	19.00%	18.50%	18.99%	16.78%
Return on Invested Capital (ROIC)	30.88%	34.58%	36.11%	494.01%	55.62%	39.77%	41.14%	48.91%	49.22%	44.58%	49.96%
ROIC Less NNEP Spread (ROIC-NNEP)	24.79%	29.86%	32.79%	-5.97%	54.33%	37.12%	39.42%	46.60%	47.07%	41.57%	47.02%
Return on Net Nonoperating Assets (RNNOA)	10.00%	19.70%	39.60%	-50.48%	260.17%	71.24%	130.22%	289.78%	840.12%	-1,305.17%	-673.55%
Return on Equity (ROE)	40.88%	54.28%	75.71%	443.53%	315.79%	111.02%	171.37%	338.69%	889.34%	-1,260.58%	-623.59%
Cash Return on Invested Capital (CROIC)	43.79%	35.98%	27.27%	586.04%	-52.29%	35.87%	39.91%	34.76%	39.02%	48.91%	51.77%
Operating Return on Assets (OROA)	22.56%	24.74%	25.80%	256.84%	26.56%	26.58%	28.10%	32.33%	33.02%	30.70%	33.72%
Return on Assets (ROA)	16.25%	17.78%	18.63%	15.94%	19.84%	20.75%	21.51%	25.04%	25.59%	23.04%	26.17%
Return on Common Equity (ROCE)	40.88%	54.28%	75.71%	443.53%	315.79%	111.02%	171.37%	338.69%	889.34%	-1,260.58%	-623.59%
Return on Equity Simple (ROE_SIMPLE)	0.00%	60.78%	88.37%	68.70%	86.87%	133.35%	213.23%	448.59%	3,519.15%	-526.07%	-680.23%
Net Operating Profit after Tax (NOPAT)	359	373	405	3,959	523	587	623	801	910	848	921
NOPAT Margin	14.42%	15.57%	16.14%	48.43%	17.80%	19.50%	20.18%	21.56%	23.22%	22.39%	23.80%
Net Nonoperating Expense Percent (NNEP)	6.09%	4.72%	3.32%	499.98%	1.29%	2.65%	1.72%	2.30%	2.14%	3.02%	2.94%
Return On Investment Capital (ROIC_SIMPLE)	30.61%	31.88%	30.45%	-1,491.84%	32.16%	34.28%	38.51%	43.25%	44.63%	43.92%	48.83%
Cost of Revenue to Revenue	45.34%	43.56%	42.68%	14.06%	42.62%	42.13%	41.62%	41.59%	41.12%	40.84%	39.94%
SG&A Expenses to Revenue	29.31%	29.26%	29.72%	9.72%	27.69%	27.23%	26.59%	25.39%	23.94%	23.87%	24.18%
R&D to Revenue	4.96%	4.97%	4.75%	1.57%	4.81%	4.78%	4.54%	4.57%	4.52%	4.89%	4.89%
Operating Expenses to Revenue	35.68%	35.98%	36.15%	11.97%	34.74%	34.19%	33.30%	31.79%	30.39%	31.53%	31.46%
Earnings before Interest and Taxes (EBIT)	470	491	532	6,057	686	719	787	993	1,126	1,051	1,112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	532	555	601	6,133	771	807	886	1,101	1,239	1,172	1,235
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.43	15.98	25.25	0.00	24.01	45.91	95.93	227.58	1,324.49	0.00	0.00
Price to Tangible Book Value (P/TBV)	54.96	490.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.60	3.87	4.38	1.94	4.83	6.42	8.79	10.49	8.38	7.04	6.74
Price to Earnings (P/E)	26.44	26.30	28.57	2.72	27.63	34.43	44.99	50.73	37.64	33.79	30.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.78%	3.80%	3.50%	36.77%	3.62%	2.90%	2.22%	1.97%	2.66%	2.96%	3.31%
Enterprise Value to Invested Capital (EV/IC)	8.57	9.12	10.01	36.28	10.38	13.56	18.62	23.13	17.88	15.40	15.34
Enterprise Value to Revenue (EV/Rev)	3.75	4.08	4.67	1.92	5.12	6.78	9.19	10.92	8.87	7.57	7.24
Enterprise Value to EBITDA (EV/EBITDA)	17.49	17.60	19.49	2.56	19.48	25.27	32.00	36.88	28.05	24.45	22.71
Enterprise Value to EBIT (EV/EBIT)	19.83	19.90	22.01	2.59	21.89	28.38	36.02	40.90	30.87	27.27	25.22
Enterprise Value to NOPAT (EV/NOPAT)	25.97	26.18	28.95	3.96	28.74	34.77	45.54	50.65	38.19	33.80	30.44
Enterprise Value to Operating Cash Flow (EV/OCF)	22.23	22.21	25.43	30.40	26.59	33.81	39.13	44.67	40.46	29.67	28.96
Enterprise Value to Free Cash Flow (EV/FCFF)	18.31	25.17	38.34	3.34	0.00	38.55	46.95	71.27	48.17	30.81	29.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	1.02	2.06	0.00	1.75	3.07	4.72	9.81	81.25	-13.88	-15.87
Long-Term Debt to Equity	0.47	0.99	2.01	0.00	1.67	2.94	4.54	9.22	76.98	-12.60	-14.43
Financial Leverage	0.40	0.66	1.21	8.46	4.79	1.92	3.30	6.22	17.85	-31.40	-14.33
Leverage Ratio	2.52	3.05	4.06	27.82	15.92	5.35	7.97	13.52	34.75	-54.72	-23.83
Compound Leverage Factor	2.38	2.88	3.85	2.64	15.12	5.07	7.58	12.94	33.04	-50.69	-22.23
Debt to Total Capital	38.58%	50.39%	67.27%	0.00%	63.68%	75.42%	82.52%	90.75%	98.78%	107.77%	106.72%
Short-Term Debt to Total Capital	9.92%	1.24%	1.43%	0.00%	3.06%	3.26%	3.11%	5.46%	5.20%	9.95%	9.68%
Long-Term Debt to Total Capital	28.66%	49.15%	65.84%	0.00%	60.63%	72.16%	79.41%	85.29%	93.58%	97.81%	97.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.42%	49.61%	32.73%	100.00%	36.32%	24.58%	17.48%	9.25%	1.22%	-7.77%	-6.72%
Debt to EBITDA	0.85	1.06	1.49	0.00	1.34	1.60	1.51	1.53	1.63	1.78	1.63
Net Debt to EBITDA	0.69	0.88	1.22	0.00	1.11	1.34	1.40	1.44	1.55	1.72	1.58
Long-Term Debt to EBITDA	0.63	1.04	1.46	0.00	1.28	1.53	1.45	1.44	1.54	1.61	1.48
Debt to NOPAT	1.26	1.58	2.21	0.00	1.98	2.20	2.14	2.10	2.21	2.45	2.19
Net Debt to NOPAT	1.02	1.32	1.82	0.00	1.64	1.85	1.99	1.98	2.11	2.37	2.12
Long-Term Debt to NOPAT	0.94	1.54	2.16	0.00	1.88	2.11	2.06	1.97	2.10	2.23	1.99
Altman Z-Score	7.91	8.16	7.92	99.79	8.43	9.23	11.07	12.03	10.64	9.88	10.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.25	1.42	1.53	1.39	1.42	1.47	1.26	1.11	1.20	1.04	1.02
Quick Ratio	0.77	0.91	1.04	1.39	0.97	1.03	0.82	0.65	0.70	0.62	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	509	388	306	4,697	-491	529	604	570	721	930	955
Operating Cash Flow to CapEx	472.49%	539.25%	372.98%	447.22%	419.97%	629.12%	810.73%	874.48%	710.90%	924.39%	946.88%
Free Cash Flow to Firm to Interest Expense	20.72	14.14	10.90	143.27	-14.24	14.15	15.64	13.17	13.03	12.03	12.79
Operating Cash Flow to Interest Expense	17.07	16.02	16.44	15.75	16.37	16.13	18.77	21.02	15.51	12.48	12.98
Operating Cash Flow Less CapEx to Interest Expense	13.46	13.05	12.03	12.23	12.47	13.57	16.45	18.61	13.33	11.13	11.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.21	1.22	3.47	1.14	1.11	1.10	1.21	1.15	1.11	1.17
Accounts Receivable Turnover	5.51	5.66	5.79	0.00	0.00	5.46	5.32	5.99	5.78	5.52	5.73
Inventory Turnover	5.43	4.98	4.91	0.00	0.00	4.67	4.49	4.34	3.76	3.74	4.25
Fixed Asset Turnover	4.85	4.66	4.64	0.00	0.00	4.10	3.99	4.65	4.97	4.79	4.92
Accounts Payable Turnover	7.72	7.25	7.42	0.00	0.00	6.63	7.11	6.89	6.13	6.68	7.26
Days Sales Outstanding (DSO)	66.24	64.53	63.04	0.00	0.00	66.83	68.62	60.92	63.17	66.15	63.67
Days Inventory Outstanding (DIO)	67.18	73.27	74.40	0.00	0.00	78.20	81.28	84.05	96.96	97.63	85.91
Days Payable Outstanding (DPO)	47.26	50.37	49.21	0.00	0.00	55.04	51.36	52.96	59.50	54.61	50.29
Cash Conversion Cycle (CCC)	86.17	87.44	88.23	0.00	0.00	90.00	98.54	92.01	100.62	109.17	99.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,086	1,071	1,170	433	1,447	1,504	1,523	1,755	1,943	1,861	1,828
Invested Capital Turnover	2.14	2.22	2.24	10.20	3.12	2.04	2.04	2.27	2.12	1.99	2.10
Increase / (Decrease) in Invested Capital	-150	-15	99	-738	1,014	58	19	232	189	-82	-33
Enterprise Value (EV)	9,311	9,768	11,717	15,698	15,022	20,403	28,358	40,595	34,757	28,662	28,044
Market Capitalization	8,944	9,278	10,981	15,847	14,165	19,320	27,118	39,011	32,838	26,651	26,090
Book Value per Share	$25.21	$21.22	$16.58	($10.38)	$23.56	$17.28	$11.88	$7.46	$1.11	($6.86)	($5.98)
Tangible Book Value per Share	$5.70	$0.69	($7.95)	($31.48)	($6.47)	($13.20)	($19.52)	($34.14)	($42.23)	($50.60)	($49.62)
Total Capital	1,172	1,170	1,329	-265	1,625	1,712	1,617	1,853	2,039	1,931	1,887
Total Debt	452	590	894	0.00	1,035	1,291	1,334	1,682	2,015	2,081	2,014
Total Long-Term Debt	336	575	875	0.00	985	1,235	1,284	1,581	1,908	1,889	1,831
Net Debt	367	491	735	-149	857	1,083	1,240	1,583	1,919	2,011	1,955
Capital Expenditures (CapEx)	89	82	124	115	135	96	89	104	121	104	102
Debt-free, Cash-free Net Working Capital (DFCFNWC)	201	153	170	-107	183	203	173	125	237	172	149
Debt-free Net Working Capital (DFNWC)	287	252	328	42	361	411	267	224	333	241	208
Net Working Capital (NWC)	171	237	309	42	311	355	217	123	227	49	26
Net Nonoperating Expense (NNE)	20	20	20	3,583	9.99	26	20	33	38	59	58
Net Nonoperating Obligations (NNO)	367	491	735	698	857	1,083	1,240	1,583	1,919	2,011	1,955
Total Depreciation and Amortization (D&A)	63	64	69	76	85	89	99	108	113	121	123
Debt-free, Cash-free Net Working Capital to Revenue	8.10%	6.38%	6.76%	-1.31%	6.23%	6.75%	5.60%	3.37%	6.06%	4.53%	3.85%
Debt-free Net Working Capital to Revenue	11.53%	10.50%	13.09%	0.51%	12.30%	13.66%	8.65%	6.02%	8.51%	6.37%	5.38%
Net Working Capital to Revenue	6.86%	9.90%	12.33%	0.51%	10.61%	11.80%	7.02%	3.30%	5.80%	1.30%	0.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.71	$12.75	$14.49	$14.62	$20.33	$22.84	$25.24	$33.25	$38.79	$36.10	$40.67
Adjusted Weighted Average Basic Shares Outstanding	28.89M	27.68M	26.52M	25.71M	25.22M	24.57M	23.88M	23.13M	22.49M	21.85M	21.22M
Adjusted Diluted Earnings per Share	$11.44	$12.48	$14.22	$14.24	$19.88	$22.47	$24.91	$32.78	$38.41	$35.90	$40.48
Adjusted Weighted Average Diluted Shares Outstanding	29.57M	28.27M	27.02M	26.39M	25.78M	24.97M	24.20M	23.46M	22.72M	21.97M	21.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.13M	26.98M	25.94M	25.47M	24.80M	24.05M	23.41M	22.81M	22.11M	21.48M	20.92M
Normalized Net Operating Profit after Tax (NOPAT)	363	382	409	3,968	537	600	631	806	918	875	938
Normalized NOPAT Margin	14.61%	15.93%	16.33%	48.53%	18.30%	19.94%	20.46%	21.67%	23.42%	23.09%	24.22%
Pre Tax Income Margin	17.90%	19.35%	20.10%	7.02%	22.21%	22.65%	24.27%	25.53%	27.31%	25.70%	26.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.14	17.88	18.99	184.75	19.89	19.21	20.39	22.95	20.33	13.59	14.90
NOPAT to Interest Expense	14.61	13.59	14.44	120.77	15.14	15.69	16.13	18.54	16.43	10.96	12.35
EBIT Less CapEx to Interest Expense	15.52	14.91	14.58	181.23	15.99	16.65	18.07	20.55	18.15	12.24	13.53
NOPAT Less CapEx to Interest Expense	11.00	10.62	10.03	117.25	11.24	13.12	13.81	16.13	14.25	9.61	10.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	122.40%	140.29%	130.08%	106.39%	92.66%	138.12%	128.58%	130.04%	126.07%	114.10%	98.48%

This table displays calculated financial ratios and metrics derived from Mettler-Toledo International's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.97%	3.45%	0.38%	-4.40%	-11.60%	-0.30%	-3.60%	1.28%	11.78%	-4.56%	3.85%
EBITDA Growth	13.54%	8.61%	9.47%	-1.68%	-23.59%	-1.48%	-6.47%	2.22%	28.44%	-8.23%	1.10%
EBIT Growth	14.89%	9.12%	4.90%	-6.52%	-26.22%	-2.05%	-7.26%	2.25%	31.79%	-8.83%	1.26%
NOPAT Growth	15.08%	12.75%	3.58%	-5.92%	-28.45%	-5.17%	3.92%	3.79%	33.53%	-9.30%	-10.25%
Net Income Growth	15.14%	8.29%	0.88%	-8.60%	-30.49%	-5.79%	3.69%	4.90%	36.53%	-7.84%	-8.78%
EPS Growth	19.29%	12.19%	4.31%	-5.64%	-27.77%	-2.72%	7.02%	8.14%	39.62%	-5.22%	-5.88%
Operating Cash Flow Growth	25.94%	68.72%	0.00%	0.00%	-7.29%	23.96%	-3.49%	-3.64%	-5.44%	2.35%	-8.21%
Free Cash Flow Firm Growth	798.05%	-32.94%	-24.35%	-86.71%	213.44%	925.23%	410.34%	428.76%	6.38%	-40.50%	-51.86%
Invested Capital Growth	10.75%	9.22%	8.42%	8.96%	-4.23%	-7.54%	-7.34%	-4.21%	-1.80%	-1.62%	1.58%
Revenue Q/Q Growth	7.29%	-12.19%	5.75%	-4.04%	-0.79%	-0.97%	2.25%	0.82%	9.49%	-15.44%	11.26%
EBITDA Q/Q Growth	20.53%	-25.81%	13.94%	-3.50%	-6.33%	-4.35%	8.18%	5.46%	17.70%	-31.66%	19.19%
EBIT Q/Q Growth	17.72%	-28.38%	15.47%	-3.97%	-7.08%	-4.93%	9.32%	5.88%	19.76%	-34.24%	21.43%
NOPAT Q/Q Growth	20.70%	-26.99%	12.56%	-5.15%	-8.21%	-3.24%	23.35%	-5.26%	18.09%	-34.27%	22.05%
Net Income Q/Q Growth	20.51%	-29.12%	13.53%	-5.75%	-8.35%	-3.94%	24.96%	-4.64%	19.28%	-35.16%	23.69%
EPS Q/Q Growth	21.00%	-28.28%	14.40%	-4.95%	-7.38%	-3.40%	25.85%	-3.95%	19.58%	-34.42%	24.97%
Operating Cash Flow Q/Q Growth	0.00%	-49.53%	74.09%	-0.94%	6.51%	-32.51%	35.54%	-1.10%	4.52%	-26.95%	21.56%
Free Cash Flow Firm Q/Q Growth	-79.42%	-62.61%	123.48%	-22.73%	385.40%	22.31%	11.24%	-19.94%	-2.34%	-31.59%	-9.99%
Invested Capital Q/Q Growth	9.55%	3.40%	-1.48%	-2.35%	-3.72%	-0.17%	-1.27%	0.94%	-1.29%	0.01%	1.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.77%	58.85%	59.42%	59.37%	59.00%	59.20%	59.75%	59.97%	61.17%	59.51%	58.98%
EBITDA Margin	35.00%	29.57%	31.86%	32.04%	30.25%	29.22%	30.91%	32.33%	34.76%	28.09%	30.09%
Operating Margin	32.18%	26.32%	28.68%	28.68%	26.81%	25.86%	27.53%	28.88%	31.72%	24.42%	26.66%
EBIT Margin	32.32%	26.36%	28.78%	28.80%	26.97%	25.90%	27.69%	29.08%	31.80%	24.74%	27.00%
Profit (Net Income) Margin	25.13%	20.29%	21.78%	21.39%	19.76%	19.17%	23.43%	22.16%	24.14%	18.51%	20.58%
Tax Burden Percent	81.79%	83.15%	81.22%	80.28%	79.46%	80.49%	91.22%	81.68%	80.21%	81.01%	81.38%
Interest Burden Percent	95.08%	92.57%	93.19%	92.53%	92.21%	91.98%	92.77%	93.30%	94.63%	92.38%	93.68%
Effective Tax Rate	18.21%	16.85%	18.78%	19.72%	20.54%	19.51%	8.79%	18.32%	19.79%	18.99%	18.62%
Return on Invested Capital (ROIC)	55.79%	44.92%	48.40%	48.58%	42.42%	40.75%	49.38%	46.91%	53.43%	41.11%	45.38%
ROIC Less NNEP Spread (ROIC-NNEP)	55.07%	44.14%	47.64%	47.79%	41.69%	39.99%	48.59%	46.23%	52.74%	40.55%	44.84%
Return on Net Nonoperating Assets (RNNOA)	982.91%	2,782.49%	-2,246.73%	-986.71%	-1,309.10%	-884.32%	-812.91%	-718.56%	-755.46%	-479.23%	-447.74%
Return on Equity (ROE)	1,038.69%	2,827.41%	-2,198.32%	-938.13%	-1,266.68%	-843.57%	-763.54%	-671.66%	-702.04%	-438.13%	-402.36%
Cash Return on Invested Capital (CROIC)	39.02%	39.66%	41.37%	41.45%	48.91%	51.15%	52.02%	49.48%	51.77%	50.65%	45.99%
Operating Return on Assets (OROA)	37.15%	30.78%	33.94%	34.22%	29.85%	29.29%	31.37%	33.11%	37.35%	29.07%	31.40%
Return on Assets (ROA)	28.89%	23.69%	25.69%	25.42%	21.87%	21.69%	26.55%	25.23%	28.35%	21.76%	23.93%
Return on Common Equity (ROCE)	1,038.69%	2,827.41%	-2,198.32%	-938.13%	-1,266.68%	-843.57%	-763.54%	-671.66%	-702.04%	-438.13%	-402.36%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-3,624.70%	-990.79%	-821.58%	0.00%	-490.09%	-514.36%	-515.46%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	278	203	229	217	199	193	238	225	266	175	213
NOPAT Margin	26.32%	21.88%	23.29%	23.02%	21.30%	20.81%	25.11%	23.59%	25.45%	19.78%	21.70%
Net Nonoperating Expense Percent (NNEP)	0.71%	0.78%	0.76%	0.79%	0.73%	0.75%	0.78%	0.68%	0.69%	0.56%	0.53%
Return On Investment Capital (ROIC_SIMPLE)	13.65%	9.68%	11.09%	10.83%	10.31%	10.00%	12.48%	11.71%	14.09%	9.24%	11.08%
Cost of Revenue to Revenue	40.23%	41.15%	40.58%	40.63%	41.00%	40.80%	40.25%	40.03%	38.83%	40.49%	41.02%
SG&A Expenses to Revenue	21.52%	25.26%	23.28%	23.07%	23.90%	25.31%	24.91%	23.97%	22.71%	27.47%	25.15%
R&D to Revenue	4.34%	4.90%	4.81%	4.89%	4.97%	5.01%	4.83%	4.94%	4.79%	5.24%	5.01%
Operating Expenses to Revenue	27.59%	32.54%	30.74%	30.69%	32.19%	33.34%	32.22%	31.09%	29.45%	35.09%	32.31%
Earnings before Interest and Taxes (EBIT)	342	245	283	271	252	240	262	278	332	219	265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	370	275	313	302	283	271	293	309	363	248	296
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1,324.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	8.38	8.56	7.30	6.24	7.04	0.00	7.96	8.51	6.74	6.46	6.30
Price to Earnings (P/E)	37.64	38.14	32.50	28.05	33.79	0.00	37.99	40.26	30.23	29.13	29.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.66%	2.62%	3.08%	3.56%	2.96%	0.00%	2.63%	2.48%	3.31%	3.43%	3.41%
Enterprise Value to Invested Capital (EV/IC)	17.88	17.85	15.64	13.68	15.40	0.00	17.36	18.38	15.34	14.63	14.21
Enterprise Value to Revenue (EV/Rev)	8.87	9.08	7.83	6.76	7.57	0.00	8.49	9.05	7.24	6.98	6.85
Enterprise Value to EBITDA (EV/EBITDA)	28.05	28.44	25.19	20.99	24.45	0.00	27.73	29.48	22.71	22.05	21.78
Enterprise Value to EBIT (EV/EBIT)	30.87	31.28	26.69	23.18	27.27	0.00	31.04	32.99	25.22	24.52	24.21
Enterprise Value to NOPAT (EV/NOPAT)	38.19	38.44	32.90	28.51	33.80	0.00	37.60	39.81	30.44	29.60	30.12
Enterprise Value to Operating Cash Flow (EV/OCF)	40.46	38.92	0.00	26.76	29.67	0.00	32.05	34.60	28.96	27.49	27.83
Enterprise Value to Free Cash Flow (EV/FCFF)	48.17	46.98	39.32	34.41	30.81	0.00	32.09	36.35	29.37	28.65	31.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	81.25	-86.76	-24.00	-19.92	-13.88	-13.15	-13.47	-13.46	-15.87	-11.40	-8.44
Long-Term Debt to Equity	76.98	-82.38	-22.80	-18.22	-12.60	-11.99	-11.43	-12.26	-14.43	-10.39	-8.21
Financial Leverage	17.85	63.04	-47.16	-20.65	-31.40	-22.11	-16.73	-15.54	-14.33	-11.82	-9.98
Leverage Ratio	34.75	112.58	-81.35	-34.89	-54.72	-36.54	-27.30	-25.40	-23.83	-19.13	-16.16
Compound Leverage Factor	33.05	104.22	-75.81	-32.28	-50.46	-33.61	-25.33	-23.69	-22.55	-17.67	-15.14
Debt to Total Capital	98.78%	101.17%	104.35%	105.29%	107.77%	108.23%	108.02%	108.03%	106.72%	109.62%	113.44%
Short-Term Debt to Total Capital	5.20%	5.11%	5.20%	8.94%	9.95%	9.50%	16.34%	9.66%	9.68%	9.66%	3.13%
Long-Term Debt to Total Capital	93.58%	96.06%	99.14%	96.34%	97.81%	98.73%	91.68%	98.36%	97.05%	99.95%	110.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	1.22%	-1.17%	-4.35%	-5.29%	-7.77%	-8.23%	-8.02%	-8.03%	-6.72%	-9.62%	-13.44%
Debt to EBITDA	1.63	1.68	1.75	1.67	1.78	1.79	1.79	1.80	1.63	1.71	1.80
Net Debt to EBITDA	1.55	1.61	1.68	1.62	1.72	1.73	1.73	1.74	1.58	1.66	1.75
Long-Term Debt to EBITDA	1.54	1.60	1.66	1.53	1.61	1.63	1.52	1.64	1.48	1.56	1.75
Debt to NOPAT	2.21	2.28	2.29	2.27	2.45	2.49	2.43	2.43	2.19	2.30	2.48
Net Debt to NOPAT	2.11	2.18	2.20	2.20	2.37	2.41	2.35	2.35	2.12	2.22	2.41
Long-Term Debt to NOPAT	2.10	2.16	2.17	2.08	2.23	2.27	2.06	2.21	1.99	2.09	2.42
Altman Z-Score	9.90	10.24	9.50	8.94	9.09	0.00	10.06	10.37	9.81	9.45	9.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.28	1.24	1.12	1.04	1.07	0.92	1.01	1.02	1.01	1.12
Quick Ratio	0.70	0.73	0.73	0.66	0.62	0.64	0.55	0.60	0.64	0.61	0.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	90	34	75	58	281	344	383	307	299	205	184
Operating Cash Flow to CapEx	952.90%	660.73%	928.01%	1,276.55%	872.91%	1,092.44%	1,081.50%	1,192.48%	659.24%	1,126.91%	989.93%
Free Cash Flow to Firm to Interest Expense	5.34	1.85	3.90	2.86	14.32	17.90	20.21	16.48	16.77	12.30	10.99
Operating Cash Flow to Interest Expense	18.07	8.43	13.86	13.03	14.32	9.88	13.59	13.69	14.91	11.68	14.09
Operating Cash Flow Less CapEx to Interest Expense	16.17	7.15	12.37	12.01	12.68	8.97	12.33	12.54	12.65	10.64	12.66
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.15	1.17	1.18	1.19	1.11	1.13	1.13	1.14	1.17	1.18	1.16
Accounts Receivable Turnover	5.78	6.28	6.20	6.28	5.52	5.87	5.85	5.91	5.73	5.94	5.88
Inventory Turnover	3.76	3.70	3.75	3.84	3.74	3.85	4.01	4.06	4.25	4.17	4.11
Fixed Asset Turnover	4.97	5.04	5.13	5.24	4.79	4.87	4.84	4.84	4.92	4.94	4.88
Accounts Payable Turnover	6.13	7.41	7.34	7.93	6.68	8.43	8.25	8.09	7.26	7.81	7.45
Days Sales Outstanding (DSO)	63.17	58.11	58.82	58.16	66.15	62.21	62.42	61.71	63.67	61.41	62.13
Days Inventory Outstanding (DIO)	96.96	98.73	97.44	95.00	97.63	94.79	91.10	90.01	85.91	87.55	88.89
Days Payable Outstanding (DPO)	59.50	49.26	49.70	46.01	54.61	43.32	44.24	45.12	50.29	46.72	48.97
Cash Conversion Cycle (CCC)	100.62	107.58	106.57	107.15	109.17	113.68	109.29	106.60	99.29	102.23	102.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,943	2,009	1,980	1,933	1,861	1,858	1,834	1,852	1,828	1,828	1,863
Invested Capital Turnover	2.12	2.05	2.08	2.11	1.99	1.96	1.97	1.99	2.10	2.08	2.09
Increase / (Decrease) in Invested Capital	189	170	154	159	-82	-152	-145	-81	-33	-30	29
Enterprise Value (EV)	34,757	35,861	30,952	26,439	28,662	0.00	31,836	34,036	28,044	26,744	26,484
Market Capitalization	32,838	33,827	28,883	24,400	26,651	0.00	29,849	32,030	26,090	24,734	24,362
Book Value per Share	$1.11	($1.11)	($4.07)	($4.86)	($6.86)	($7.40)	($7.15)	($7.30)	($5.98)	($8.70)	($12.45)
Tangible Book Value per Share	($42.23)	($44.62)	($47.66)	($48.39)	($50.60)	($51.26)	($50.86)	($51.53)	($49.62)	($52.93)	($57.57)
Total Capital	2,039	2,098	2,063	2,003	1,931	1,928	1,905	1,923	1,887	1,892	1,925
Total Debt	2,015	2,123	2,153	2,108	2,081	2,087	2,058	2,077	2,014	2,074	2,184
Total Long-Term Debt	1,908	2,016	2,045	1,929	1,889	1,904	1,747	1,892	1,831	1,891	2,124
Net Debt	1,919	2,034	2,069	2,039	2,011	2,017	1,987	2,006	1,955	2,010	2,122
Capital Expenditures (CapEx)	32	23	29	21	32	17	24	21	40	17	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	237	301	262	236	172	192	138	128	149	134	136
Debt-free Net Working Capital (DFNWC)	333	390	346	306	241	262	208	199	208	198	198
Net Working Capital (NWC)	227	283	239	126	49	79	-103	13	26	15	138
Net Nonoperating Expense (NNE)	13	15	15	15	14	15	16	14	14	11	11
Net Nonoperating Obligations (NNO)	1,919	2,034	2,069	2,039	2,011	2,017	1,987	2,006	1,955	2,010	2,122
Total Depreciation and Amortization (D&A)	28	30	30	31	31	31	31	31	31	30	30
Debt-free, Cash-free Net Working Capital to Revenue	6.06%	7.61%	6.63%	6.03%	4.53%	5.08%	3.67%	3.39%	3.85%	3.49%	3.52%
Debt-free Net Working Capital to Revenue	8.51%	9.86%	8.75%	7.81%	6.37%	6.93%	5.56%	5.29%	5.38%	5.17%	5.11%
Net Working Capital to Revenue	5.80%	7.15%	6.03%	3.23%	1.30%	2.09%	-2.74%	0.35%	0.66%	0.39%	3.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$11.91	$8.53	$0.00	$9.26	$8.56	$8.28	$10.42	$10.01	$11.96	$7.84	$9.78
Adjusted Weighted Average Basic Shares Outstanding	22.49M	22.08M	0.00	21.78M	21.85M	21.44M	21.28M	21.14M	21.22M	20.87M	20.69M
Adjusted Diluted Earnings per Share	$11.81	$8.47	$0.00	$9.21	$8.53	$8.24	$10.37	$9.96	$11.91	$7.81	$9.76
Adjusted Weighted Average Diluted Shares Outstanding	22.72M	22.25M	0.00	21.89M	21.97M	21.54M	21.39M	21.24M	21.32M	20.95M	20.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.11M	22.02M	0.00	0.00	21.48M	21.36M	0.00	0.00	20.92M	20.78M	20.60M
Normalized Net Operating Profit after Tax (NOPAT)	280	207	235	223	210	200	243	227	268	178	216
Normalized NOPAT Margin	26.45%	22.26%	23.95%	23.65%	22.41%	21.65%	25.62%	23.82%	25.61%	20.12%	21.99%
Pre Tax Income Margin	30.73%	24.40%	26.82%	26.65%	24.87%	23.82%	25.69%	27.13%	30.10%	22.85%	25.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.34	13.46	14.68	13.39	12.83	12.47	13.83	14.92	18.62	13.13	15.82
NOPAT to Interest Expense	16.56	11.18	11.88	10.70	10.13	10.02	12.54	12.11	14.90	10.50	12.71
EBIT Less CapEx to Interest Expense	18.44	12.19	13.19	12.36	11.19	11.56	12.58	13.77	16.36	12.09	14.40
NOPAT Less CapEx to Interest Expense	14.67	9.90	10.39	9.68	8.49	9.12	11.29	10.96	12.64	9.46	11.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	126.07%	121.20%	0.00%	114.85%	114.10%	110.88%	105.00%	102.25%	98.48%	100.83%	103.95%

Key Financial Trends

Mettler-Toledo International (NYSE:MTD) has demonstrated a solid financial performance over the last four years through Q2 2025, with consistent growth in revenue and net income along with effective cash flow management. Here are some key observations:

Revenue Growth: Revenue has increased steadily from approximately $928 million in Q1 2023 to nearly $983 million in Q2 2025, indicating ongoing demand for the company’s products and services.
Net Income Improvement: Net income has grown from $188 million in Q1 2023 to $202 million by Q2 2025, with notable quarters reaching higher peaks (e.g., $252 million in Q4 2024), showing improved profitability.
Strong Operating Cash Flow: Cash generated from operating activities increased from about $153 million in Q1 2023 to over $236 million in Q2 2025. This suggests efficient cash flow generation supporting operational needs.
Investment in Property, Plant & Equipment: The company consistently invests in fixed assets, with capital expenditures of approximately $23-31 million quarterly, signaling a commitment to maintaining and growing operational capacity.
Debt Issuance and Repayment Balancing: While there is substantial repayment of debt (hundreds of millions per quarter), there is also significant issuance of new debt, indicating active debt management to optimize capital structure.
Frequent Share Repurchases: The company has consistently repurchased common equity (around $200 million per quarter), contributing to shareholder returns but also affecting equity negatively.
Shares Outstanding: Weighted average shares outstanding have slightly declined over time, supporting EPS growth but requiring ongoing monitoring.
Operating Expenses: Selling, General & Admin, and R&D expenses remain steady in relation to revenue, reflecting controlled overhead costs.
Equity Position is Negative: Mettler-Toledo’s total common equity has been negative for several quarters (e.g., -$259 million in Q2 2025), primarily due to large treasury stock balances exceeding retained earnings, which may raise concerns over capital reserves.
Decline in Cash & Equivalents: Cash and equivalents have decreased from about $89 million in Q1 2023 to $62 million by Q2 2025, partly due to significant debt repayments and share repurchases, potentially impacting liquidity.

Overall, MTD shows resilient revenue and profit growth, backed by strong operating cash flows and careful capital expenditures. However, the negative equity position and declining cash balances due to aggressive debt and equity transactions warrant attention from investors monitoring financial stability and capital management strategy.

08/22/25 03:08 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Mettler-Toledo International's Financials

When does Mettler-Toledo International's fiscal year end?

According to the most recent income statement we have on file, Mettler-Toledo International's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Mettler-Toledo International's net income changed over the last 10 years?

Mettler-Toledo International's net income appears to be on an upward trend, with a most recent value of $863.14 million in 2024, rising from $338.24 million in 2014. The previous period was $788.78 million in 2023. See Mettler-Toledo International's forecast for analyst expectations on what’s next for the company.

What is Mettler-Toledo International's operating income?

Mettler-Toledo International's total operating income in 2024 was $1.11 billion, based on the following breakdown:

Total Gross Profit: $2.33 billion
Total Operating Expenses: $1.22 billion

How has Mettler-Toledo International's revenue changed over the last 10 years?

Over the last 10 years, Mettler-Toledo International's total revenue changed from $2.49 billion in 2014 to $3.87 billion in 2024, a change of 55.8%.

How much debt does Mettler-Toledo International have?

Mettler-Toledo International's total liabilities were at $3.37 billion at the end of 2024, a 4.0% decrease from 2023, and a 161.1% increase since 2014.

How much cash does Mettler-Toledo International have?

In the past 10 years, Mettler-Toledo International's cash and equivalents has ranged from $59.36 million in 2024 to $207.79 million in 2019, and is currently $59.36 million as of their latest financial filing in 2024.

How has Mettler-Toledo International's book value per share changed over the last 10 years?

Over the last 10 years, Mettler-Toledo International's book value per share changed from 25.21 in 2014 to -5.98 in 2024, a change of -123.7%.

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This page (NYSE:MTD) was last updated on 8/22/2025 by MarketBeat.com Staff

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Mettler-Toledo International (MTD) Financials

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