METTLER TOLEDO INTERNATIONAL INC/

10-K & 10-Q Filings

Mettler-Toledo International Inc. is a leading global supplier of precision instruments and services with a strong presence in various industries including life sciences, food, and chemicals. The company's business strategy focuses on innovation, execution, and a long-term track record of financial performance. Mettler-Toledo has five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's principal products and services include laboratory instruments, industrial instruments, and retail weighing solutions. Laboratory instruments include balances, pipettes, titrators, thermal analysis systems, and analytical instruments. Industrial instruments consist of industrial weighing instruments, industrial terminals, transportation and logistics solutions, vehicle scale systems, and industrial software. Retail weighing solutions are used in food retail businesses for handling fresh goods. Mettler-Toledo's customers include companies in the life science industry, food manufacturers, chemical, specialty chemicals, and cosmetics companies, the academic community, food retailers, the transportation and logistics industry, the metals industry, and the electronics industry. The company's website is www.mt.com and its ticker symbol is MT. The company invests in product innovation, research and development, and manufacturing to maintain technological leadership and provide advanced products to customers. It has a global workforce of approximately 17,300 employees and promotes diversity and inclusiveness. Mettler-Toledo's sustainability program, called GreenMT, focuses on keeping operations sustainable, helping customers be sustainable, promoting responsible practices within the supply chain, ensuring an engaged workforce, and following corporate governance best practices. The company holds over 5,300 patents and trademarks and is subject to various regulatory standards and approvals.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$2309.33
2341.53
2378.97
2485.98
2395.45
2508.26
2725.05
2935.59
3008.65
3085.18
3717.93
3919.71
3788.31
4.21%-3.35%Cost of Revenue (-)
$1091.05
1100.47
1096.95
1127.23
1043.45
1072.67
1151.74
1251.21
1267.44
1284.15
1546.38
1611.67
1547.02
2.95%-4.01%Gross Profit (+)
$1218.27
1241.06
1282.03
1358.75
1351.99
1435.59
1573.31
1684.38
1741.21
1801.03
2171.55
2308.04
2241.29
5.21%-2.89%Selling, General & Administrative (-)
$703.63
684.03
692.79
728.58
700.81
732.62
787.46
812.80
819.18
820.22
943.98
938.46
904.11
2.11%-3.66%Research & Development (-)
$116.14
112.53
116.35
123.30
119.08
119.97
129.26
141.07
143.95
140.10
169.77
177.12
185.28
3.97%4.61%Depreciation & Amortization (-)
$17.81
21.36
24.54
29.18
30.95
36.05
42.67
47.52
49.69
56.66
63.08
66.24
72.21
12.37%9.02%Non-recurring Operating Expenses (-)
$5.91
16.69
19.83
5.92
11.10
6.24
12.77
18.42
15.76
10.52
5.24
9.56
32.73
15.33%242.56%Operating Expenses (-)
$843.49
834.60
853.50
886.98
861.94
894.88
972.17
1019.82
1028.58
1027.50
1182.06
1191.38
1194.34
2.94%0.25%Costs & Expenses (Total) (-)
$1934.55
1935.07
1950.45
2014.21
1905.39
1967.55
2123.91
2271.03
2296.02
2311.65
2728.43
2803.05
2741.36
2.95%-2.20%Operating Income/Loss (+)
$374.78
406.45
428.52
471.77
490.06
540.71
601.14
664.56
712.63
773.53
989.50
1116.66
1046.95
8.94%-6.24%Non-operating Income/Expense (+)
$-2.38
-1.09
-3.10
-2.23
0.87
-8.49
5.87
21.81
6.18
13.83
3.11
9.32
4.15
-55.52%Interest Expense (-)
$23.23
22.76
22.71
24.54
27.45
28.03
32.78
34.51
37.41
38.62
43.24
55.39
77.37
10.55%39.67%Earnings before Tax (+)
$349.18
382.60
402.71
445.00
463.42
504.19
574.22
651.86
681.39
748.74
949.36
1070.59
973.73
8.92%-9.05%Tax Expense (-)
$79.68
91.75
96.61
106.76
110.60
119.82
198.25
139.25
120.28
146.00
180.38
198.09
184.95
7.27%-6.63%Income/Loss (Continuing Operations) (+)
$269.49
290.85
306.09
338.24
352.82
384.37
375.97
512.61
561.11
602.74
768.99
872.50
788.78
9.36%-9.60%Net Income/Loss (+)
$269.49
290.85
306.09
338.24
352.82
384.37
375.97
512.61
561.11
602.74
768.99
872.50
788.78
9.36%-9.60%Net Income/Loss (Common) (+)
$269.49
290.85
306.09
338.24
352.82
384.37
375.97
512.61
561.11
602.74
768.99
872.50
788.78
9.36%-9.60%EPS (Basic)
$8.45
9.37
10.22
11.71
12.75
14.49
14.62
20.33
22.84
25.24
33.25
38.79
36.10
12.86%-6.93%EPS (Diluted)
$8.21
9.14
9.96
11.44
12.48
14.22
14.24
19.88
22.47
24.91
32.78
38.41
35.90
13.08%-6.53%Weighted Avg Shares (Basic)
31.90
31.04
29.95
28.89
27.68
26.52
25.71
25.22
24.57
23.88
23.13
22.49
21.85
-3.10%-2.86%Weighted Avg Shares (Diluted)
32.84
31.82
30.73
29.57
28.27
27.02
26.39
25.78
24.97
24.20
23.46
22.72
21.97
-3.29%-3.29%Cash
$235.60
101.70
111.87
85.26
98.89
158.67
148.69
178.11
207.78
94.25
98.56
95.97
69.81
-9.64%-27.26%Receivables
$425.15
437.39
466.70
435.65
411.42
454.99
528.62
535.53
566.26
593.81
647.34
709.32
663.89
3.78%-6.40%Inventory
$241.42
198.94
210.41
204.53
214.38
222.05
255.39
268.82
274.29
297.61
414.54
441.69
385.87
3.99%-12.64%Prepaid Expenses (Current)
$65.57
69.20
67.06
61.65
70.64
61.08
74.03
63.40
61.32
71.23
108.92
128.11
110.64
4.46%-13.64%Other Assets (Current)
$51.13
57.69
57.93
62.34
67.48
Assets (Current)
$1018.86
864.92
913.99
849.43
862.82
896.78
1006.72
1045.86
1109.65
1056.90
1269.36
1375.09
1230.20
1.58%-10.54%Property, Plant & Equipment (Net)
$410.01
469.42
514.44
511.46
517.23
563.71
668.27
717.53
748.66
798.87
799.37
778.60
803.37
5.77%3.18%Goodwill & Intangibles
$569.15
569.91
570.26
556.87
561.54
643.43
766.56
752.09
742.22
747.05
956.07
966.22
955.54
4.41%-1.11%Other Assets
$205.45
213.14
154.13
91.35
76.91
62.85
108.25
103.37
188.80
210.40
302.00
372.48
366.44
4.94%-1.62%Assets (Non-current)
$1184.61
1252.48
1238.83
1159.68
1155.67
1269.99
1543.08
1572.99
1679.67
1757.64
2057.44
2117.31
2125.35
4.99%0.38%Assets (Total)
$2203.47
2117.40
2152.82
2009.11
2018.48
2166.78
2549.80
2618.85
2789.32
2814.55
3326.80
3492.39
3355.55
3.57%-3.92%Accounts Payable
$463.51
433.61
447.82
461.83
469.37
468.21
562.83
579.38
576.15
790.01
1045.40
1041.68
988.86
6.52%-5.07%Other Liabilities (Current)
$146.34
129.07
116.37
217.06
125.75
119.30
126.84
155.05
178.36
50.32
101.13
106.05
192.22
2.30%81.25%Liabilities (Current)
$609.84
562.68
564.19
678.89
595.13
587.51
689.67
734.43
754.51
840.33
1146.54
1147.73
1181.08
5.66%2.91%Debt (Non-current)
$476.71
347.13
395.96
335.79
576.98
875.06
960.17
985.02
1235.35
1284.17
1580.81
1908.48
1888.62
12.16%-1.04%Other Liabilities
$335.78
380.37
257.62
274.83
265.92
269.26
352.68
309.33
378.68
407.37
428.03
411.39
435.79
2.20%5.93%Liabilities (Non-current)
$812.49
727.50
653.58
610.63
842.90
1144.32
1312.85
1294.35
1614.03
1691.55
2008.84
2319.87
2324.41
9.15%0.20%Liabilities (Total)
$1422.34
1290.18
1217.77
1289.52
1438.03
1731.83
2002.53
2028.78
2368.54
2531.87
3155.38
3467.60
3505.49
7.81%1.09%Treasury Stock
$1225.13
1463.92
1721.03
2095.66
2543.23
3006.77
3368.18
3814.60
4539.15
5283.58
6259.05
7325.66
8212.44
17.18%12.11%Retained Earnings
$1476.55
1749.45
2037.42
2357.33
2692.32
3065.71
3433.28
3941.92
4499.29
5095.60
5859.27
6726.87
7510.76
14.52%11.65%AOCI
$-86.94
-97.46
-35.04
-212.95
-266.65
-355.00
-265.41
-302.41
-323.67
-334.93
-255.22
-227.23
-319.81
-40.74%Shareholder's Equity
$781.14
827.22
935.05
719.60
580.46
434.94
547.28
590.06
420.78
282.68
171.42
24.79
-149.94
-704.76%Liabilities & Equity
$2203.47
2117.40
2152.82
2009.11
2018.48
2166.78
2549.80
2618.85
2789.32
2814.55
3326.80
3492.39
3355.55
3.57%-3.92%Net Income/Loss
$269.49
290.85
306.09
338.24
352.82
384.37
375.97
512.61
561.11
602.74
768.99
872.50
788.78
9.36%-9.60%Depreciation & Amortization
$31.69
33.42
34.77
33.62
33.09
32.74
33.46
37.17
38.99
42.04
44.98
46.78
48.95
3.69%4.63%Increase/Decrease in Working Capital
$-109.26
111.92
-32.17
10.59
-1.30
17.96
18.44
34.54
60.13
-19.75
-4.39
172.64
-51.38
-129.76%Share-based Compensation
$12.27
13.19
12.64
13.61
14.22
15.31
16.58
17.58
18.29
18.69
19.59
19.66
17.93
3.21%-8.81%Adjustments to Reconcile Net Income
$11.39
36.86
39.83
82.20
74.05
58.71
140.35
52.39
42.34
121.96
139.84
-13.43
177.10
25.69%1418.17%Net Cash (Operating)
$280.88
327.70
345.93
418.91
426.87
443.08
516.33
565.00
603.45
724.70
908.83
859.07
965.87
10.84%12.43%Capital Expenditure
$139.14
97.58
84.80
95.30
95.91
235.39
223.90
140.06
97.92
95.63
324.79
158.79
110.30
-1.92%-30.54%Net Cash (Investing)
$-132.29
-97.26
-84.80
-94.44
-100.75
-231.46
-217.34
-138.94
-99.08
-100.36
-314.11
-139.40
-131.69
5.52%Increase/Decrease in Equity
$-207.72
-279.04
-296.50
-414.94
-496.33
-500.20
-378.55
-452.31
-727.42
-748.28
-979.54
-1066.78
-880.77
17.44%Interest Expenses
$17.80
19.25
17.00
23.22
27.30
28.02
33.33
34.45
37.50
37.77
41.34
52.31
75.62
12.81%44.55%Net Cash (Financing)
$-360.47
-366.40
-251.12
-348.11
-307.03
-145.93
-319.53
-388.02
-477.37
-743.91
-590.55
-716.04
-859.59
-20.05%Cash Taxes Paid
$69.66
78.01
83.20
95.14
85.46
92.59
109.73
132.41
129.35
134.67
152.66
114.04
178.25
8.15%56.31%Effect of Exchange Rate
$-0.10
2.05
0.16
-2.97
-5.46
-5.91
10.56
-8.62
2.68
6.04
0.14
-6.23
-0.75
87.90%Increase/Decrease in Cash
$-211.98
-133.90
10.17
-26.61
13.62
59.79
-9.99
29.42
29.68
-113.53
4.31
-2.60
-26.16
-906.89%Cash (Beginning)
$447.58
235.60
101.70
111.87
85.26
98.89
158.67
148.69
178.11
207.78
94.25
98.56
95.97
-12.04%-2.64%Cash (Ending)
$235.60
101.70
111.87
85.26
98.89
158.67
148.69
178.11
207.78
94.25
98.56
95.97
69.81
-9.64%-27.26%NOPAT
$300.02
323.58
339.99
370.91
399.69
441.42
486.27
529.57
577.35
634.40
830.39
997.72
855.29
9.12%-14.28%Gross Margin %
52.75%
53.00%
53.89%
54.66%
56.44%
57.23%
57.74%
57.38%
57.87%
58.38%
58.41%
58.88%
59.16%
Operating Margin %
16.23%
17.36%
18.01%
18.98%
20.46%
21.56%
22.06%
22.64%
23.69%
25.07%
26.61%
28.49%
27.64%
NOPAT Margin %
12.99%
13.82%
14.29%
14.92%
16.69%
17.60%
17.84%
18.04%
19.19%
20.56%
22.33%
25.45%
22.58%
Net Margin %
11.67%
12.42%
12.87%
13.61%
14.73%
15.32%
13.80%
17.46%
18.65%
19.54%
20.68%
22.26%
20.82%
Tax Rate %
19.95%
20.39%
20.66%
21.38%
18.44%
18.36%
19.11%
20.31%
18.98%
17.99%
16.08%
10.65%
18.31%
ROA
13.62%
15.28%
15.79%
18.46%
19.80%
20.37%
19.07%
20.22%
20.70%
22.54%
24.96%
28.57%
25.49%
ROE
38.41%
39.12%
36.36%
51.54%
68.86%
101.49%
88.85%
89.75%
137.21%
224.43%
484.41%
4024.19%
-570.43%
ROIC
21.35%
24.00%
23.70%
28.86%
29.79%
28.01%
26.79%
28.49%
29.83%
35.49%
43.05%
49.26%
44.92%
Asset Turnover
1.05
1.11
1.11
1.24
1.19
1.16
1.07
1.12
1.08
1.10
1.12
1.12
1.13
Inventory Turnover
4.52
5.53
5.21
5.51
4.87
4.83
4.51
4.65
4.62
4.31
3.73
3.65
4.01
Equity Multiplier
2.82
2.56
2.30
2.79
3.48
4.98
4.66
4.44
6.63
9.96
19.41
140.86
-22.38
Current Ratio
1.67
1.54
1.62
1.25
1.45
1.53
1.46
1.42
1.47
1.26
1.11
1.20
1.04
Quick Ratio
1.08
0.96
1.03
0.77
0.86
1.04
0.98
0.97
1.03
0.82
0.65
0.70
0.62
Debt/Equity Ratio
0.61
0.42
0.42
0.47
0.99
2.01
1.75
1.67
2.94
4.54
9.22
76.98
-12.60
Interest Coverage Ratio
21.05
21.11
25.21
20.32
17.95
19.29
18.03
19.29
19.00
20.48
23.94
21.35
13.85
Working Capital/Sales
0.18
0.13
0.15
0.09
0.11
0.15
0.14
0.13
0.15
0.08
0.05
0.07
0.04
R&D/Sales
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
Total Payout
$225.53
298.29
313.50
438.16
523.63
528.23
411.89
486.76
764.92
786.05
1020.87
1119.10
956.38
12.79%-14.54%Payout Ratio %
75.17%
92.18%
92.21%
118.13%
131.01%
119.67%
84.70%
91.92%
132.49%
123.91%
122.94%
112.17%
111.82%