IDEXX Laboratories, Inc. (IDXX) vs Mettler-Toledo International, Inc. (MTD)

IDEXX Laboratories, Inc. and Mettler-Toledo International, Inc. are both Diagnostics & Research companies. IDEXX Laboratories, Inc. is the larger, with a market value of $40.2B against $30.4B — 1.3× the size. Mettler-Toledo International, Inc. trades at the lower P/E: 33.9× against 36.2×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 12.8% against 6.91%. IDEXX Laboratories, Inc. has the higher net margin (25.0% vs 21.9%) and the higher return on invested capital (48.9% vs 35.4%). Across the 22 metrics below, IDEXX Laboratories, Inc. leads on 17 and Mettler-Toledo International, Inc. on 5.

Valuation

Metric IDXX MTD Diagnostics & Research median
P/E 36.24 33.94 33.95
P/S 9.00 7.36 4.87
P/B 25.42 2,372.01 3.12
Price to free cash flow 33.14 35.21 34.02
EV/EBITDA 25.58 24.88 25.20
EV/Sales 9.06 7.86 5.66
Earnings yield 2.76% 2.95% (1.75%)
Free cash flow yield 3.02% 2.84% (0.13%)

Profitability

Metric IDXX MTD Diagnostics & Research median
Gross margin 62.45% 60.26% 50.89%
Operating margin 32.03% 28.41% (8.57%)
Net margin 25.03% 21.91% (6.37%)
Free cash flow margin 27.17% 20.90% 0.00%
Return on equity 74.21% (736.36%) (2.92%)
Return on assets 33.65% 25.61% (6.71%)
Return on invested capital 48.87% 35.40% 0.00%

Growth

Metric IDXX MTD Diagnostics & Research median
Revenue growth (TTM) 12.77% 6.91% 7.69%
EPS growth (last fiscal year) 22.59% 3.88% —
Revenue growth, 5-year CAGR 9.72% 5.47% 7.40%
Net income growth, 5-year CAGR 12.74% 7.60% 0.00%

Health

Metric IDXX MTD Diagnostics & Research median
Debt to equity 0.28 164.70 0.11
Current ratio 1.17 1.12 2.02
Net debt to EBITDA 0.18 1.68 0.78

Dividend

Metric IDXX MTD Diagnostics & Research median
Dividend yield — — 0.70%
Payout ratio 0.00 0.00 0.00

Size

Metric IDXX MTD Diagnostics & Research median
Market cap 40.18b 30.44b 2.56b

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