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 $52.8B against $33.6B — 1.6× the size. Mettler-Toledo International, Inc. trades at the lower P/E: 37.6× against 44.8×. IDEXX Laboratories, Inc. grew revenue faster over the last twelve months: 11.9% against 6.91%. IDEXX Laboratories, Inc. has the higher net margin (25.4% vs 21.9%) and the higher return on invested capital (46.0% vs 35.4%). Across the 22 metrics below, IDEXX Laboratories, Inc. leads on 15 and Mettler-Toledo International, Inc. on 7.

Valuation

Metric IDXX MTD Diagnostics & Research median
P/E 44.83 37.65 34.52
P/S 11.31 8.16 4.24
P/B 28.21 2,631.36 3.42
Price to free cash flow 40.57 39.06 33.51
EV/EBITDA 31.80 27.43 23.44
EV/Sales 11.35 8.66 5.18
Earnings yield 2.23% 2.66% (1.50%)
Free cash flow yield 2.47% 2.56% 0.00%

Profitability

Metric IDXX MTD Diagnostics & Research median
Gross margin 62.72% 60.26% 48.32%
Operating margin 32.30% 28.41% (5.68%)
Net margin 25.36% 21.91% (4.10%)
Free cash flow margin 27.88% 20.90% 0.00%
Return on equity 68.93% (736.36%) 0.00%
Return on assets 33.33% 25.61% (6.05%)
Return on invested capital 46.00% 35.40% 0.00%

Growth

Metric IDXX MTD Diagnostics & Research median
Revenue growth (TTM) 11.87% 6.91% 8.99%
EPS growth (last fiscal year) 22.59% 3.88% 20.36%
Revenue growth, 5-year CAGR 9.72% 5.47% 7.30%
Net income growth, 5-year CAGR 12.74% 7.60% 0.00%

Health

Metric IDXX MTD Diagnostics & Research median
Debt to equity 0.20 164.70 0.01
Current ratio 1.19 1.12 2.27
Net debt to EBITDA 0.18 1.68 0.68

Dividend

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

Size

Metric IDXX MTD Diagnostics & Research median
Market cap 52.84b 33.64b 2.22b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack