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 $257.5B against $32.8B — 7.8× the size. Mettler-Toledo International, Inc. trades at the lower P/E: 36.4× against 37.1×. Thermo Fisher Scientific Inc. grew revenue faster over the last twelve months: 7.23% against 6.91%. Mettler-Toledo International, Inc. has the higher net margin (21.9% vs 15.0%) and the higher return on invested capital (35.4% vs 5.80%). Across the 22 metrics below, Thermo Fisher Scientific Inc. leads on 12 and Mettler-Toledo International, Inc. on 10.

Valuation

Metric MTD TMO Diagnostics & Research median
P/E 36.42 37.06 35.56
P/S 7.90 5.52 4.37
P/B 2,545.64 4.86 3.06
Price to free cash flow 37.78 34.77 35.76
EV/EBITDA 26.59 26.25 24.35
EV/Sales 8.40 6.28 5.51
Earnings yield 2.75% 2.70% (1.89%)
Free cash flow yield 2.65% 2.88% (0.15%)

Profitability

Metric MTD TMO Diagnostics & Research median
Gross margin 60.26% 40.80% 50.89%
Operating margin 28.41% 17.58% (8.57%)
Net margin 21.91% 15.04% (6.37%)
Free cash flow margin 20.90% 15.89% 0.00%
Return on equity (736.36%) 13.51% (2.92%)
Return on assets 25.61% 6.50% (6.71%)
Return on invested capital 35.40% 5.80% 0.00%

Growth

Metric MTD TMO Diagnostics & Research median
Revenue growth (TTM) 6.91% 7.23% 7.69%
EPS growth (last fiscal year) 3.88% 7.32% 25.92%
Revenue growth, 5-year CAGR 5.47% 6.70% 7.40%
Net income growth, 5-year CAGR 7.60% 1.01% 0.00%

Health

Metric MTD TMO Diagnostics & Research median
Debt to equity 164.70 0.74 0.11
Current ratio 1.12 1.55 2.02
Net debt to EBITDA 1.68 2.45 0.70

Dividend

Metric MTD TMO Diagnostics & Research median
Dividend yield — 0.27% 0.66%
Payout ratio — 0.10 0.20

Size

Metric MTD TMO Diagnostics & Research median
Market cap 32.84b 257.53b 2.16b

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