MKS Inc. (MKSI) vs Trimble Inc. (TRMB)

MKS Inc. and Trimble Inc. are both Scientific & Technical Instruments companies. MKS Inc. is the larger, with a market value of $17.7B against $13.5B — 1.3× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; MKS Inc. trades at 39.9×. MKS Inc. grew revenue faster over the last twelve months: 16.3% against 5.80%. MKS Inc. has the higher net margin (10.1% vs −2.77%) and the higher return on invested capital (6.74% vs 6.32%). Across the 21 metrics below, Trimble Inc. leads on 12 and MKS Inc. on 9.

Valuation

Metric MKSI TRMB Scientific & Technical Instruments median
P/E 39.94 n/m 35.93
P/S 4.06 3.56 4.46
P/B 5.90 2.64 3.00
Price to free cash flow 38.50 17.62 24.96
EV/EBITDA 20.04 17.43 19.60
EV/Sales 4.82 3.89 4.98
Earnings yield 2.50% (0.81%) 0.53%
Free cash flow yield 2.60% 5.68% 1.12%

Profitability

Metric MKSI TRMB Scientific & Technical Instruments median
Gross margin 46.96% 69.80% 45.75%
Operating margin 15.69% 16.99% 7.34%
Net margin 10.12% (2.77%) 1.56%
Free cash flow margin 10.53% 20.44% 5.84%
Return on equity 15.88% (1.94%) 2.87%
Return on assets 4.95% (1.19%) 0.99%
Return on invested capital 6.74% 6.32% 3.88%

Growth

Metric MKSI TRMB Scientific & Technical Instruments median
Revenue growth (TTM) 16.26% 5.80% 11.28%
EPS growth (last fiscal year) 55.52% (71.10%) —
Revenue growth, 5-year CAGR 11.03% 2.65% 7.89%
Net income growth, 5-year CAGR (3.36%) 1.69% 0.00%

Health

Metric MKSI TRMB Scientific & Technical Instruments median
Debt to equity 1.32 0.29 0.00
Current ratio 1.14 0.95 2.24
Net debt to EBITDA 3.93 1.44 0.44

Dividend

Metric MKSI TRMB Scientific & Technical Instruments median
Dividend yield 0.77% — 0.72%
Payout ratio 0.12 0.00 0.00

Size

Metric MKSI TRMB Scientific & Technical Instruments median
Market cap 17.71b 13.51b 483.67m

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