Mettler-Toledo International, Inc. (MTD) vs Thermo Fisher Scientific Inc. (TMO)

Mettler-Toledo International, Inc. and Thermo Fisher Scientific Inc. are both Diagnostics & Research companies. Thermo Fisher Scientific Inc. is the larger, with a market value of $250.8B against $33.6B — 7.5× the size. Thermo Fisher Scientific Inc. trades at the lower P/E: 35.8× against 37.6×. Thermo Fisher Scientific Inc. grew revenue faster over the last twelve months: 8.27% against 6.91%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 14.9%) and the higher return on invested capital (35.4% vs 6.03%). Across the 22 metrics below, Thermo Fisher Scientific Inc. leads on 14 and Mettler-Toledo International, Inc. on 8.

Valuation

Metric MTD TMO Diagnostics & Research median
P/E 37.65 35.78 34.52
P/S 8.16 5.31 4.24
P/B 2,631.36 4.59 3.42
Price to free cash flow 39.06 32.92 33.51
EV/EBITDA 27.43 24.58 23.44
EV/Sales 8.66 6.01 5.18
Earnings yield 2.66% 2.79% (1.50%)
Free cash flow yield 2.56% 3.04% 0.00%

Profitability

Metric MTD TMO Diagnostics & Research median
Gross margin 60.26% 41.08% 48.32%
Operating margin 28.41% 17.89% (5.68%)
Net margin 21.91% 14.94% (4.10%)
Free cash flow margin 20.90% 16.13% 0.00%
Return on equity (736.36%) 13.37% 0.00%
Return on assets 25.61% 6.51% (6.05%)
Return on invested capital 35.40% 6.03% 0.00%

Growth

Metric MTD TMO Diagnostics & Research median
Revenue growth (TTM) 6.91% 8.27% 8.99%
EPS growth (last fiscal year) 3.88% 7.32% 20.36%
Revenue growth, 5-year CAGR 5.47% 6.70% 7.30%
Net income growth, 5-year CAGR 7.60% 1.01% 0.00%

Health

Metric MTD TMO Diagnostics & Research median
Debt to equity 164.70 0.71 0.01
Current ratio 1.12 1.81 2.27
Net debt to EBITDA 1.68 2.45 0.68

Dividend

Metric MTD TMO Diagnostics & Research median
Dividend yield — 0.27% 0.67%
Payout ratio — 0.10 0.20

Size

Metric MTD TMO Diagnostics & Research median
Market cap 33.64b 250.82b 2.22b

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