Labcorp Holdings Inc. (LH) vs Mettler-Toledo International, Inc. (MTD)

Labcorp Holdings Inc. and Mettler-Toledo International, Inc. are both Diagnostics & Research companies. Mettler-Toledo International, Inc. is the larger, with a market value of $33.6B against $29.5B — 1.1× the size. Labcorp Holdings Inc. trades at the lower P/E: 29.5× against 37.6×. Mettler-Toledo International, Inc. grew revenue faster over the last twelve months: 6.91% against 6.02%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 6.88%) and the higher return on invested capital (35.4% vs 6.76%). Across the 22 metrics below, Labcorp Holdings Inc. leads on 12 and Mettler-Toledo International, Inc. on 10.

Valuation

Metric LH MTD Diagnostics & Research median
P/E 29.53 37.65 34.52
P/S 2.01 8.16 4.24
P/B 3.32 2,631.36 3.42
Price to free cash flow 25.40 39.06 33.51
EV/EBITDA 15.61 27.43 23.44
EV/Sales 2.36 8.66 5.18
Earnings yield 3.39% 2.66% (1.50%)
Free cash flow yield 3.94% 2.56% 0.00%

Profitability

Metric LH MTD Diagnostics & Research median
Gross margin 28.96% 60.26% 48.32%
Operating margin 10.29% 28.41% (5.68%)
Net margin 6.88% 21.91% (4.10%)
Free cash flow margin 8.87% 20.90% 0.00%
Return on equity 11.45% (736.36%) 0.00%
Return on assets 5.40% 25.61% (6.05%)
Return on invested capital 6.76% 35.40% 0.00%

Growth

Metric LH MTD Diagnostics & Research median
Revenue growth (TTM) 6.02% 6.91% 8.99%
EPS growth (last fiscal year) 18.33% 3.88% 20.36%
Revenue growth, 5-year CAGR (0.04%) 5.47% 7.30%
Net income growth, 5-year CAGR (10.85%) 7.60% 0.00%

Health

Metric LH MTD Diagnostics & Research median
Debt to equity 0.60 164.70 0.01
Current ratio 1.41 1.12 2.27
Net debt to EBITDA 2.23 1.68 0.68

Dividend

Metric LH MTD Diagnostics & Research median
Dividend yield 0.79% — 0.67%
Payout ratio 0.24 — 0.20

Size

Metric LH MTD Diagnostics & Research median
Market cap 29.50b 33.64b 2.22b

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