Quest Diagnostics Incorporated (DGX) vs Mettler-Toledo International, Inc. (MTD)

Quest Diagnostics Incorporated and Mettler-Toledo International, Inc. are both Diagnostics & Research companies. Mettler-Toledo International, Inc. is the larger, with a market value of $32.8B against $26.4B — 1.2× the size. Quest Diagnostics Incorporated trades at the lower P/E: 24.6× against 36.4×. Quest Diagnostics Incorporated grew revenue faster over the last twelve months: 9.87% against 6.91%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 9.15%) and the higher return on invested capital (35.4% vs 7.94%). Across the 22 metrics below, Quest Diagnostics Incorporated leads on 13 and Mettler-Toledo International, Inc. on 9.

Valuation

Metric DGX MTD Diagnostics & Research median
P/E 24.63 36.42 35.56
P/S 2.26 7.90 4.37
P/B 3.34 2,545.64 3.06
Price to free cash flow 19.34 37.78 35.76
EV/EBITDA 14.07 26.59 24.35
EV/Sales 2.69 8.40 5.51
Earnings yield 4.06% 2.75% (1.89%)
Free cash flow yield 5.17% 2.65% (0.15%)

Profitability

Metric DGX MTD Diagnostics & Research median
Gross margin 33.11% 60.26% 50.89%
Operating margin 14.10% 28.41% (8.57%)
Net margin 9.15% 21.91% (6.37%)
Free cash flow margin 11.67% 20.90% 0.00%
Return on equity 14.03% (736.36%) (2.92%)
Return on assets 6.43% 25.61% (6.71%)
Return on invested capital 7.94% 35.40% 0.00%

Growth

Metric DGX MTD Diagnostics & Research median
Revenue growth (TTM) 9.87% 6.91% 7.69%
EPS growth (last fiscal year) 13.78% 3.88% 25.92%
Revenue growth, 5-year CAGR 3.18% 5.47% 7.40%
Net income growth, 5-year CAGR (7.06%) 7.60% 0.00%

Health

Metric DGX MTD Diagnostics & Research median
Debt to equity 0.72 164.70 0.11
Current ratio 1.59 1.12 2.02
Net debt to EBITDA 2.47 1.68 0.70

Dividend

Metric DGX MTD Diagnostics & Research median
Dividend yield 1.44% — 0.66%
Payout ratio 0.36 — 0.20

Size

Metric DGX MTD Diagnostics & Research median
Market cap 26.40b 32.84b 2.16b

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