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 ($15.5B and $14.2B). Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; MKS Inc. trades at 32.9×. 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, MKS Inc. leads on 11 and Trimble Inc. on 10.

Valuation

Metric MKSI TRMB Scientific & Technical Instruments median
P/E 32.90 n/m 33.25
P/S 3.34 3.66 4.50
P/B 4.86 2.71 2.90
Price to free cash flow 31.71 18.12 24.81
EV/EBITDA 17.07 17.88 17.92
EV/Sales 4.11 3.99 4.71
Earnings yield 3.04% (0.79%) 0.60%
Free cash flow yield 3.15% 5.52% 1.27%

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% 11.15%
EPS growth (last fiscal year) 55.52% (71.10%) 11.47%
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 0.45% — 0.58%
Payout ratio 0.15 — 0.36

Size

Metric MKSI TRMB Scientific & Technical Instruments median
Market cap 15.45b 14.22b 444.25m

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