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 $32.8B against $26.4B — 1.2× the size. Labcorp Holdings Inc. trades at the lower P/E: 26.2× against 36.4×. Mettler-Toledo International, Inc. grew revenue faster over the last twelve months: 6.91% against 6.41%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 6.99%) and the higher return on invested capital (35.4% vs 6.50%). 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 26.18 36.42 35.56
P/S 1.81 7.90 4.37
P/B 3.02 2,545.64 3.06
Price to free cash flow 25.22 37.78 35.76
EV/EBITDA 14.51 26.59 24.35
EV/Sales 2.22 8.40 5.51
Earnings yield 3.82% 2.75% (1.89%)
Free cash flow yield 3.97% 2.65% (0.15%)

Profitability

Metric LH MTD Diagnostics & Research median
Gross margin 28.88% 60.26% 50.89%
Operating margin 10.43% 28.41% (8.57%)
Net margin 6.99% 21.91% (6.37%)
Free cash flow margin 8.16% 20.90% 0.00%
Return on equity 11.74% (736.36%) (2.92%)
Return on assets 5.48% 25.61% (6.71%)
Return on invested capital 6.50% 35.40% 0.00%

Growth

Metric LH MTD Diagnostics & Research median
Revenue growth (TTM) 6.41% 6.91% 7.69%
EPS growth (last fiscal year) 18.33% 3.88% 25.92%
Revenue growth, 5-year CAGR (0.04%) 5.47% 7.40%
Net income growth, 5-year CAGR (10.85%) 7.60% 0.00%

Health

Metric LH MTD Diagnostics & Research median
Debt to equity 0.69 164.70 0.11
Current ratio 1.80 1.12 2.02
Net debt to EBITDA 2.23 1.68 0.70

Dividend

Metric LH MTD Diagnostics & Research median
Dividend yield 0.90% — 0.66%
Payout ratio 0.24 — 0.20

Size

Metric LH MTD Diagnostics & Research median
Market cap 26.36b 32.84b 2.16b

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