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 $30.4B against $21.9B — 1.4× the size. Labcorp Holdings Inc. trades at the lower P/E: 25.4× against 33.9×. 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 25.44 33.94 33.95
P/S 1.76 7.36 4.87
P/B 2.94 2,372.01 3.12
Price to free cash flow 24.51 35.21 34.02
EV/EBITDA 14.70 24.88 25.20
EV/Sales 2.25 7.86 5.66
Earnings yield 3.93% 2.95% (1.75%)
Free cash flow yield 4.08% 2.84% (0.13%)

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% —
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 0.78

Dividend

Metric LH MTD Diagnostics & Research median
Dividend yield 0.98% — 0.70%
Payout ratio 0.27 0.00 0.00

Size

Metric LH MTD Diagnostics & Research median
Market cap 21.86b 30.44b 2.56b

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