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 $162.7B against $32.8B — 5.0× the size. Mettler-Toledo International, Inc. trades at the lower P/E: 36.4× against 40.5×. Mettler-Toledo International, Inc. grew revenue faster over the last twelve months: 6.91% against 4.56%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 16.0%) and the higher return on invested capital (35.4% vs 4.37%). Across the 22 metrics below, Mettler-Toledo International, Inc. leads on 12 and Danaher Corporation on 10.

Valuation

Metric DHR MTD Diagnostics & Research median
P/E 40.53 36.42 35.56
P/S 6.43 7.90 4.37
P/B 3.07 2,545.64 3.06
Price to free cash flow 29.42 37.78 35.76
EV/EBITDA 23.66 26.59 24.35
EV/Sales 7.26 8.40 5.51
Earnings yield 2.47% 2.75% (1.89%)
Free cash flow yield 3.40% 2.65% (0.15%)

Profitability

Metric DHR MTD Diagnostics & Research median
Gross margin 58.51% 60.26% 50.89%
Operating margin 20.42% 28.41% (8.57%)
Net margin 15.95% 21.91% (6.37%)
Free cash flow margin 21.86% 20.90% 0.00%
Return on equity 7.63% (736.36%) (2.92%)
Return on assets 4.60% 25.61% (6.71%)
Return on invested capital 4.37% 35.40% 0.00%

Growth

Metric DHR MTD Diagnostics & Research median
Revenue growth (TTM) 4.56% 6.91% 7.69%
EPS growth (last fiscal year) (4.54%) 3.88% 25.92%
Revenue growth, 5-year CAGR 1.97% 5.47% 7.40%
Net income growth, 5-year CAGR 0.59% 7.60% 0.00%

Health

Metric DHR MTD Diagnostics & Research median
Debt to equity 0.48 164.70 0.11
Current ratio 1.65 1.12 2.02
Net debt to EBITDA 1.93 1.68 0.70

Dividend

Metric DHR MTD Diagnostics & Research median
Dividend yield 0.66% — 0.66%
Payout ratio 0.27 — 0.20

Size

Metric DHR MTD Diagnostics & Research median
Market cap 162.74b 32.84b 2.16b

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