| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 28 | 29.1x | 17.8x | Bottom tier | |
Growth | 37 | 6.9% | 7.1% | Bottom tier | |
Quality | 85 | 46.5% | 4.5% | Top tier | |
Safety | 70 | 1.7x | 2.6x | Top tier | |
Capital Return | 72 | — | 2.12% | Top tier | |
Momentum | 57 | 8.6% | 2.9% | Around median | |
Sentiment | 79 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Mettler-Toledo International sells measurement and analytical solutions, scales, and laboratory instruments, alongside industrial automation systems, product inspection, and food retailing solutions. The laboratory business benefits from balances, analytical instruments, process analytics, and the LabX platform for workflow and data management, while industrial solutions serve automation and digitization needs in sectors such as pharmaceuticals, food, semiconductors, and new energy. The service business adds a recurring component to revenue; its revenue exceeded $1 billion for the first time in fiscal 2025, and in fiscal Q2 2026 it recorded growth of 9%, or 7% organically.
In fiscal Q2 2026, sales reached $1 billion, up 7% in dollars and 6% in local currencies, while organic growth in local currencies was 4% after excluding acquisitions and tariff refunds. Adjusted operating profit reached $309 million, up 9%, and the adjusted operating margin increased by 50 basis points to 29.3%, while the adjusted gross margin reached 59.3%, up 30 basis points. Adjusted earnings per share rose 14% to $11.46, while reported earnings per share were $11.55, and the available trailing-twelve-month data show revenue of $4.1 billion and net income of $905.6 million.
Growth in fiscal Q2 2026 was broad but uneven: organic sales rose 4% in Laboratory, 3% in Industrial, and 11% in Food Retail, while Core Industrial grew 4% and Product Inspection grew 1%. Geographically, organic sales rose 1% in the Americas, 4% in Europe, and 9% in Asia and the rest of the world, including 9% growth in China. Emerging markets outside China accounted for about 18% of sales and grew at a high-single-digit rate, and their share was slightly larger than China's share.
The analyst consensus on MTD is neutral, with an average price target of $1458.17, within a wide range of $1194 to $1600. The average target is about 4.4% below the 52-week range high of $1525.17, while the highest target exceeds that high by about 4.9%; this divergence indicates that the increase in fiscal 2026 guidance is offset by caution regarding the sustainability of China's recovery, the short order cycle, and geopolitical risks.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Sales reached $1 billion, up 7% in dollars and 6% in local currencies, while organic growth in local currencies reached 4%. China and Asia and the rest of the world recorded organic growth of 9%, while Laboratory grew 4% and Service grew 7% organically. Realized pricing of about 3%, productivity programs, and cost reductions helped raise the adjusted operating margin to 29.3% and adjusted earnings per share by 14% to $11.46.
China sales grew 9% in fiscal Q2 2026, exceeding the company's expectations, with the Industrial business driving this performance through double-digit growth. Demand came from the pharmaceutical, food, battery, and new energy industries, while Laboratory growth was more modest. Management expects high-single-digit growth in China in fiscal Q3 and for the full fiscal 2026, with potential gradual improvement in Laboratory.
The LabX platform connects most of the company's instruments used in quality assurance and quality control laboratories, where Mettler-Toledo supplies about 40% of the instruments typically found in these laboratories. The platform collects workflow data in a compliant manner, enabling customers to aggregate it and use it in artificial intelligence applications. The company has also provided service engineers with an AI-powered knowledge base that draws on service records, research and development materials, and application notes to improve first-visit repair rates.
Automated analysis for informational purposes only — not investment advice.
The company expects local-currency sales growth of 4%–5% in fiscal 2026, including organic growth of 3%–4%. It expects adjusted earnings per share of between $47.15 and $47.50, representing growth of 10%–11%, and free cash flow of approximately $900 million. For fiscal Q3 2026, it expects local-currency sales growth of about 4% and adjusted earnings per share of between $12 and $12.15.
Service revenue exceeded $1 billion for the first time in fiscal 2025, then grew 9%, or 7% organically, in fiscal Q2 2026. Management expects high-single-digit Service growth in fiscal 2026, supporting recurring revenue and customer ties to the installed instrument base. Adjusted free cash flow reached $367 million in the first half of fiscal 2026 despite a $55 million increase in tax payments, while the company targets approximately $900 million for the full year and $875 million in share repurchases.
