Danaher Corporation (DHR) vs Mettler-Toledo International, Inc. (MTD)

Danaher Corporation and Mettler-Toledo International, Inc. are both Diagnostics & Research companies. Danaher Corporation is the larger, with a market value of $159.2B against $33.6B — 4.7× the size. Danaher Corporation trades at the lower P/E: 37.0× against 37.6×. Mettler-Toledo International, Inc. grew revenue faster over the last twelve months: 6.91% against 5.52%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 16.9%) and the higher return on invested capital (35.4% vs 4.51%). Across the 22 metrics below, Danaher Corporation leads on 12 and Mettler-Toledo International, Inc. on 10.

Valuation

Metric DHR MTD Diagnostics & Research median
P/E 36.97 37.65 34.52
P/S 6.22 8.16 4.24
P/B 2.97 2,631.36 3.42
Price to free cash flow 27.69 39.06 33.51
EV/EBITDA 22.31 27.43 23.44
EV/Sales 6.95 8.66 5.18
Earnings yield 2.70% 2.66% (1.50%)
Free cash flow yield 3.61% 2.56% 0.00%

Profitability

Metric DHR MTD Diagnostics & Research median
Gross margin 58.59% 60.26% 48.32%
Operating margin 20.38% 28.41% (5.68%)
Net margin 16.91% 21.91% (4.10%)
Free cash flow margin 22.46% 20.90% 0.00%
Return on equity 8.27% (736.36%) 0.00%
Return on assets 5.00% 25.61% (6.05%)
Return on invested capital 4.51% 35.40% 0.00%

Growth

Metric DHR MTD Diagnostics & Research median
Revenue growth (TTM) 5.52% 6.91% 8.99%
EPS growth (last fiscal year) (4.54%) 3.88% 20.36%
Revenue growth, 5-year CAGR 1.97% 5.47% 7.30%
Net income growth, 5-year CAGR 0.59% 7.60% 0.00%

Health

Metric DHR MTD Diagnostics & Research median
Debt to equity 0.45 164.70 0.01
Current ratio 1.63 1.12 2.27
Net debt to EBITDA 1.93 1.68 0.68

Dividend

Metric DHR MTD Diagnostics & Research median
Dividend yield 0.67% — 0.67%
Payout ratio 0.25 — 0.20

Size

Metric DHR MTD Diagnostics & Research median
Market cap 159.24b 33.64b 2.22b

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