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

MKS Inc. and Trimble Inc. are both Scientific & Technical Instruments companies. MKS Inc. and Trimble Inc. are of similar size ($12.5B and $12.0B). Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; MKS Inc. trades at 21.5×. MKS Inc. grew revenue faster over the last twelve months: 24.6% against 6.88%. MKS Inc. has the higher net margin (12.6% vs −4.08%) and the higher return on invested capital (8.51% vs 6.30%). Across the 21 metrics below, MKS Inc. leads on 13 and Trimble Inc. on 8.

Valuation

Metric MKSI TRMB Scientific & Technical Instruments median
P/E 21.51 n/m 28.21
P/S 2.72 3.27 4.46
P/B 3.95 2.53 3.10
Price to free cash flow 23.39 15.91 24.15
EV/EBITDA 15.37 16.61 18.28
EV/Sales 3.37 3.61 4.64
Earnings yield 4.65% (1.27%) 0.68%
Free cash flow yield 4.28% 6.28% 1.98%

Profitability

Metric MKSI TRMB Scientific & Technical Instruments median
Gross margin 47.24% 69.60% 47.24%
Operating margin 18.23% 16.48% 8.96%
Net margin 12.61% (4.08%) 1.92%
Free cash flow margin 11.63% 20.74% 10.59%
Return on equity 20.46% (2.92%) 2.66%
Return on assets 6.69% (1.79%) 1.12%
Return on invested capital 8.51% 6.30% 4.79%

Growth

Metric MKSI TRMB Scientific & Technical Instruments median
Revenue growth (TTM) 24.56% 6.88% 9.26%
EPS growth (last fiscal year) 55.52% (71.10%) 13.24%
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 1.15 0.31 0.00
Current ratio 1.19 0.93 2.30
Net debt to EBITDA 3.93 1.44 0.45

Dividend

Metric MKSI TRMB Scientific & Technical Instruments median
Dividend yield 0.51% — 0.62%
Payout ratio 0.12 — 0.22

Size

Metric MKSI TRMB Scientific & Technical Instruments median
Market cap 11.96b 12.51b 549.07m

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