Mettler-Toledo International Inc. (MTD) Key Metrics
MTD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $32.51B
- Enterprise value
- $31.93B
- P/E (TTM)
- 36.6 10-yr median 34.5
- Forward P/E
- 28.5
- PEG ratio
- 2.77
- Price / sales
- 7.9 10-yr median 6.9
- Price / book
- — 10-yr median 38.5
- EV / EBITDA
- 24.6 10-yr median 25.0
- Dividend yield
- —
- Beta
- 1.19
MTD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMTD valuation Price multiples at each fiscal year-end price.
MTD returns How much profit the business earns on the capital it uses.
MTD per-share figures Results divided by the shares outstanding at year-end.
MTD financial health Debt, liquidity and how easily interest is covered.
MTD efficiency & capital use Working capital cycle and where the cash goes.
MTD valuation history
MTD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MTD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MTD cash returned to shareholders
MTD price vs earnings per share
MTD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $28.82B | $26.09B | $26.65B | $32.84B | $39.81B | $27.58B | $19.81B | $14.58B | $16.35B | $11.31B |
| Enterprise value | $31.10B | $28.16B | $28.78B | $34.87B | $41.51B | $28.82B | $20.90B | $15.44B | $17.18B | $12.05B |
| P/E ratio | 33.2 | 30.2 | 33.8 | 37.6 | 51.8 | 45.8 | 35.3 | 28.4 | 43.5 | 29.4 |
| Price / sales | 7.2 | 6.7 | 7.0 | 8.4 | 10.7 | 8.9 | 6.6 | 5.0 | 6.0 | 4.5 |
| Price / book | — | — | — | — | 232.2 | 97.6 | 47.1 | 24.7 | 29.9 | 26.0 |
| Price / free cash flow | 34.0 | 30.2 | 31.0 | 44.5 | 49.7 | 43.6 | 39.1 | 34.5 | 42.0 | 35.4 |
| Price / operating cash flow | 30.2 | 26.9 | 27.6 | 38.2 | 43.8 | 38.1 | 32.8 | 25.8 | 31.7 | 25.5 |
| EV / sales | 7.7 | 7.3 | 7.6 | 8.9 | 11.2 | 9.3 | 6.9 | 5.3 | 6.3 | 4.8 |
| EV / EBITDA | 25.0 | 22.5 | 25.0 | 28.1 | 37.6 | 32.6 | 25.6 | 20.1 | 25.0 | 19.8 |
| EV / free cash flow | 36.6 | 32.6 | 33.4 | 47.3 | 51.8 | 45.6 | 41.3 | 36.6 | 44.2 | 37.7 |
| Earnings yield | 3.0% | 3.3% | 3.0% | 2.7% | 1.9% | 2.2% | 2.8% | 3.5% | 2.3% | 3.4% |
| Free cash flow yield | 2.9% | 3.3% | 3.2% | 2.2% | 2.0% | 2.3% | 2.6% | 2.9% | 2.4% | 2.8% |
| Dividend yield | — | — | 0.1% | — | 0.1% | 0.1% | 0.2% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.8% | 3.3% | 3.4% | 3.3% | 2.6% | 2.9% | 4.2% | 3.3% | 2.4% | 4.4% |
| Share price at fiscal year-end | $1,394.19 | $1,223.68 | $1,212.96 | $1,445.45 | $1,697.21 | $1,139.68 | $793.28 | $565.58 | $619.52 | $418.56 |
| Per share | ||||||||||
| Revenue per share | $194.78 | $181.62 | $172.42 | $172.54 | $158.50 | $127.49 | $120.47 | $113.86 | $103.25 | $92.82 |
| Earnings per share | $42.05 | $40.48 | $35.90 | $38.41 | $32.78 | $24.91 | $22.47 | $19.88 | $14.24 | $14.22 |
| Operating cash flow per share | $46.24 | $45.42 | $43.96 | $37.81 | $38.74 | $29.95 | $24.16 | $21.92 | $19.56 | $16.40 |
| Free cash flow per share | $41.05 | $40.55 | $39.17 | $32.48 | $34.16 | $26.13 | $20.27 | $16.38 | $14.73 | $11.81 |
| Cash per share | $3.24 | $2.78 | $3.18 | $4.22 | $4.20 | $3.89 | $8.32 | $6.91 | $5.63 | $5.87 |
| Book value per share | −$1.14 | −$5.95 | −$6.82 | $1.09 | $7.31 | $11.68 | $16.85 | $22.89 | $20.74 | $16.09 |
| Tangible book value per share | −$50.40 | −$49.39 | −$50.31 | −$41.44 | −$33.45 | −$19.19 | −$12.87 | −$6.28 | −$8.31 | −$7.72 |
| Dividends per share | — | — | $0.88 | — | $0.87 | $1.10 | $1.91 | — | $0.00 | $0.00 |
| Capex per share | $5.18 | $4.87 | $4.79 | $5.34 | $4.59 | $3.82 | $3.90 | $5.54 | $4.83 | $4.59 |
| Debt per share | $113.36 | $99.95 | $99.96 | $93.79 | $76.77 | $55.15 | $51.70 | $40.13 | $37.12 | $33.08 |
| Shares outstanding | 20.7M | 21.3M | 22.0M | 22.7M | 23.5M | 24.2M | 25.0M | 25.8M | 26.4M | 27.0M |
| Change in shares outstanding | −3.0% | −3.0% | −3.3% | −3.2% | −3.1% | −3.1% | −3.1% | −2.3% | −2.3% | −4.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | 889.3% | 338.7% | 171.4% | 111.0% | 90.1% | 76.6% | 75.7% |
| Return on invested capital (ROIC) | 44.2% | 47.8% | 46.2% | 46.7% | 47.4% | 41.7% | 40.7% | 38.0% | 31.3% | 36.7% |
| Return on assets (ROA) | 25.0% | 26.2% | 23.0% | 25.6% | 25.0% | 21.5% | 20.8% | 19.8% | 15.9% | 18.6% |
| Return on tangible assets | 32.3% | 37.3% | 32.9% | 34.5% | 32.4% | 29.2% | 27.4% | 27.5% | 21.1% | 25.2% |
| Free cash flow margin | 21.1% | 22.3% | 22.7% | 18.8% | 21.6% | 20.5% | 16.8% | 14.4% | 14.3% | 12.7% |
| Income quality (OCF / net income) | 1.10 | 1.12 | 1.22 | 0.98 | 1.18 | 1.20 | 1.08 | 1.10 | 1.37 | 1.15 |
| Financial health | ||||||||||
| Total debt | $2.34B | $2.13B | $2.20B | $2.13B | $1.80B | $1.33B | $1.29B | $1.03B | $979.8M | $894.0M |
| Cash & short-term investments | $66.9M | $59.4M | $69.8M | $96.0M | $98.6M | $94.3M | $207.8M | $178.1M | $148.7M | $158.7M |
| Net debt | $2.28B | $2.07B | $2.13B | $2.03B | $1.70B | $1.24B | $1.08B | $856.6M | $831.2M | $735.4M |
| Debt / equity | — | — | — | 85.94 | 10.51 | 4.72 | 3.07 | 1.75 | 1.79 | 2.06 |
| Debt / assets | 0.63 | 0.66 | 0.65 | 0.61 | 0.54 | 0.47 | 0.46 | 0.40 | 0.38 | 0.41 |
| Net debt / EBITDA | 1.83 | 1.66 | 1.85 | 1.64 | 1.54 | 1.40 | 1.33 | 1.12 | 1.21 | 1.21 |
| Current ratio | 1.14 | 1.02 | 1.04 | 1.20 | 1.11 | 1.26 | 1.47 | 1.42 | 1.46 | 1.53 |
| Quick ratio | 0.81 | 0.73 | 0.71 | 0.81 | 0.75 | 0.90 | 1.11 | 1.06 | 1.09 | 1.15 |
| Interest coverage | 16.3 | 15.1 | 14.9 | 20.3 | 23.0 | 20.3 | 19.5 | 19.8 | 18.6 | 19.3 |
| Working capital | $164.6M | $25.7M | $49.1M | $227.4M | $122.8M | $216.6M | $355.1M | $311.4M | $317.1M | $309.3M |
| Invested capital | $2.25B | $1.94B | $1.98B | $2.06B | $1.87B | $1.52B | $1.50B | $1.45B | $1.38B | $1.17B |
| Tangible asset value | −$1.04B | −$1.05B | −$1.11B | −$941.4M | −$784.7M | −$464.4M | −$321.4M | −$162.0M | −$219.3M | −$208.5M |
| Net current asset value | −$2.37B | −$2.17B | −$2.28B | −$2.09B | −$1.89B | −$1.47B | −$1.26B | −$982.9M | −$995.8M | −$835.0M |
| Graham number | — | — | — | $30.71 | $73.42 | $80.91 | $92.29 | $101.19 | $81.52 | $71.77 |
| Graham net-net per share | −$139.91 | −$122.94 | −$124.93 | −$115.27 | −$100.78 | −$76.18 | −$64.02 | −$50.99 | −$50.38 | −$41.48 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $19.2M | — | $20.5M | $26.7M | $47.6M | — | $0 | $0 |
| Share buybacks (net) | $800.0M | $850.0M | $900.0M | $1.10B | $1000.0M | $775.0M | $775.0M | $475.0M | $400.0M | $500.0M |
| Dividend payout ratio | — | — | 2.4% | — | 2.7% | 4.4% | 8.5% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 94.3% | 98.3% | 106.8% | 149.1% | 127.4% | 126.8% | 162.5% | 112.5% | 102.9% | 156.7% |
| Capex / revenue | 2.7% | 2.7% | 2.8% | 3.1% | 2.9% | 3.0% | 3.2% | 4.9% | 4.7% | 4.9% |
| Capex / operating cash flow | 11.2% | 10.7% | 10.9% | 14.1% | 11.8% | 12.8% | 16.1% | 25.3% | 24.7% | 28.0% |
| Capex / depreciation | 0.85 | 0.84 | 0.87 | 1.07 | 1.00 | 0.94 | 1.10 | 1.69 | 1.67 | 1.80 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% |
| R&D / revenue | 5.0% | 4.9% | 4.9% | 4.5% | 4.6% | 4.5% | 4.8% | 4.8% | 4.7% | 4.8% |
| SG&A / revenue | 24.8% | 24.2% | 24.0% | 23.9% | 25.4% | 26.6% | 27.2% | 27.7% | 28.9% | 29.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.4 | 63.7 | 66.2 | 63.2 | 60.9 | 68.6 | 66.8 | 66.2 | 65.9 | 63.0 |
| Days of inventory on hand | 81.4 | 82.0 | 97.6 | 93.1 | 80.8 | 77.8 | 75.3 | 73.7 | 73.1 | 71.4 |
| Days payables outstanding | 53.8 | 48.0 | 54.6 | 57.2 | 50.9 | 49.2 | 53.0 | 51.2 | 48.1 | 47.2 |
| Cash conversion cycle (days) | 94.0 | 97.7 | 109.2 | 99.1 | 90.8 | 97.3 | 89.1 | 88.6 | 90.9 | 87.2 |
| Receivables turnover | 5.50 | 5.73 | 5.52 | 5.78 | 5.99 | 5.32 | 5.46 | 5.52 | 5.54 | 5.79 |
| Payables turnover | 6.78 | 7.60 | 6.68 | 6.39 | 7.17 | 7.42 | 6.89 | 7.13 | 7.59 | 7.73 |
| Inventory turnover | 4.48 | 4.45 | 3.74 | 3.92 | 4.52 | 4.69 | 4.85 | 4.95 | 4.99 | 5.11 |
| Asset turnover | 1.16 | 1.17 | 1.11 | 1.15 | 1.21 | 1.10 | 1.11 | 1.14 | 1.16 | 1.22 |
| Average receivables | $732.7M | $675.5M | $686.6M | $678.3M | $620.6M | $580.0M | $550.9M | $532.1M | $491.8M | $433.2M |
| Average payables | $241.2M | $213.1M | $231.5M | $262.7M | $224.4M | $180.7M | $191.1M | $182.1M | $157.1M | $144.3M |
| Average inventory | $364.8M | $364.1M | $413.8M | $428.1M | $356.1M | $285.9M | $271.6M | $262.1M | $238.7M | $218.2M |
| Intangibles / total assets | 27.4% | 28.6% | 28.5% | 27.7% | 28.7% | 26.5% | 26.6% | 28.7% | 30.1% | 29.7% |
Computed from MTD's annual financial statements (latest annual report filed February 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MTD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Mettler-Toledo traded at 33.2 times earnings, against a 10-year median of 34.5. Based on the latest twelve months, the trailing P/E is 36.6 and the forward P/E is 28.5. Mettler-Toledo earned a return on invested capital of 44.2% in fiscal 2025. It ended the year with $2.3 billion of debt and $66.9 million in cash and short-term investments, net debt of $2.3 billion. It returned $800.0 million to shareholders: $0 in dividends and $800.0 million in share buybacks, 94% of free cash flow. The share count fell 23.5% from 27.0M to 20.7M over 9 years.
See the MTD income statement, the MTD chart for price history, or the MTD stock overview for the latest quote and news.
MTD key metrics FAQ
What is Mettler-Toledo's P/E ratio?
Mettler-Toledo's trailing P/E ratio is 36.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.5. At the end of fiscal 2025 it was 33.2, compared with a 10-year median of 34.5.
What is Mettler-Toledo's EV/EBITDA?
Mettler-Toledo's enterprise value was 25.0 times EBITDA at the end of fiscal 2025 (enterprise value $31.1 billion, EBITDA $1.2 billion); the current EV/EBITDA is 24.6.
What is Mettler-Toledo's ROIC?
Mettler-Toledo's return on invested capital was 44.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Mettler-Toledo have?
Mettler-Toledo had total debt of $2.3 billion at the end of fiscal 2025 and $2.3 billion of net debt (1.83 times EBITDA).
Does Mettler-Toledo buy back its shares?
Yes. Mettler-Toledo spent $800.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.0% over the year, to 20.7M..
What is Mettler-Toledo's free cash flow yield?
Mettler-Toledo generated $848.6 million of free cash flow in fiscal 2025, a free cash flow yield of 2.9% on its market value at year-end ($28.8 billion).
What is Mettler-Toledo's current ratio?
Mettler-Toledo's current ratio was 1.14 at the end of fiscal 2025: current assets were 1.14 times current liabilities.