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 $43.1B against $32.8B — 1.3× the size. Mettler-Toledo International, Inc. trades at the lower P/E: 36.4× against 39.1×. 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 39.10 36.42 35.56
P/S 9.72 7.90 4.37
P/B 27.44 2,545.64 3.06
Price to free cash flow 35.76 37.78 35.76
EV/EBITDA 27.59 26.59 24.35
EV/Sales 9.77 8.40 5.51
Earnings yield 2.56% 2.75% (1.89%)
Free cash flow yield 2.80% 2.65% (0.15%)

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% 25.92%
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 0.70

Dividend

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

Size

Metric IDXX MTD Diagnostics & Research median
Market cap 43.11b 32.84b 2.16b

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