# Mettler-Toledo International (MTD) — Stock CV

Mettler-Toledo International is a $31.1B technology company. Revenue grew 6.9% over the last year, it keeps 22¢ of every dollar of sales as profit, and its net debt equals ~2.3 years of free cash flow. It trades at 34.3× earnings — around the middle of its own history.

> Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 40%), and food retail (around 5%) industries.

## Identity

- **Ticker**: MTD
- **Sector**: Technology
- **Industry**: Laboratory Analytical Instruments
- **Headquarters**: COLUMBUS, OH
- **Employees**: 18 100
- **Website**: https://www.mt.com
- **Market cap**: $31.1B
- **Last price**: $1 549.99
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $4.13B
- **Net income**: $906M
- **Free cash flow**: $864M
- **Net debt**: $2.02B
- **P/E**: 34.3
- **Revenue growth (YoY)**: 6.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 34 |
| Growth | 37 |
| Profitability | 100 |
| Health | 62 |
| Quality | 82 |
| Moat | 100 |

## Qualifications (beginner checklist) — 10 of 10 passed

- [x] Revenue growing — +6.9% YoY
- [x] Profitable — $906M TTM
- [x] Profit growing — +3.0% YoY
- [x] Generates cash — $864M TTM
- [x] Debt under control — ~2.3y of cash flow to repay
- [x] Established company — $31.1B market cap
- [x] Not printing shares — -14.6% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 9.9 — safe
- [x] Valuation not extreme — P/E 34.3

## Experience (career milestones)

- **FY2022** — Best year on record: $873M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.51B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1996** — –97, Mettler Toledo, Inc. was sold by Ciba-Geigy AG to the New York-based AEA Investors Inc., in preparation…
- **1992** — The company was incorporated as Mettler Toledo, Inc
- **1990** — Mettler acquired another competitor, Ohaus Corp., in 1990
- **1971** — Mettler acquired its 500-employee competitor August Sauter KG, of Albstadt-Ebingen, Germany, in 1971, for its…
- **1970** — Mettler diversified its product line in 1970 with the introduction of its automated titration systems
- **1957** — Reliance Electric Co, merged with Toledo Scale Co

## Strengths

- High gross margin (60.3%)
- Strongly profitable — 21.9% net margin
- Strong cash conversion — FCF is 20.9% of revenue
- Interest covered 15.6× by operating earnings
- High returns on invested capital (ROIC 46.2%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.72B | $769M | $801M |
| FY2022 | $3.92B | $873M | $738M |
| FY2023 | $3.79B | $789M | $861M |
| FY2024 | $3.87B | $863M | $864M |
| FY2025 | $4.03B | $869M | $849M |

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Source: https://stockcv.com/MTD — derived from company filings; may be delayed or incomplete. Information, not investment advice.