METTLER TOLEDO INTERNATIONAL INC/
MTD · Laboratory Analytical Instruments · 20.2M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $882M (gross $900M, SBC $18M)
Reference price $1,410.12 · est. market cap ~$28.5B — last insider sale, 2026-02-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A82Precision-instruments leader with elite margins, returns, and free cash flow; equity is buyback-negative.
Strengths
- Elite margins/returns — net margin 22% (95th), ROA 23% (100th), operating margin per 10-K)
- Strong free cash flow — FCF $849M (90th), FCF margin 21%
Risks
- Negative equity from buybacks — ROE -3677%, D/E -91
- Tight liquidity — current ratio 1.1 (8th)
- Lab/industrial-demand cyclicality — per 10-K
Notable findings
- Customer concentration~29% of revenue from one customer/distributor — For example, our Chinese operations accounted for 16% of sales to external customers, 29% of total segment profit, and approximately 29% of our global production during 2025
- Negative equityNegative book equity (debt/equity -91.05)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Buying back stockNet buyback — share count -3%/yr over 4y
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 10→11 QoQ (2025-12-31→2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- China exposureWe are required to comply with various import, export control, and economic sanctions laws, which may affect our transactions with certain customers, business partners, and other persons, including in
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$1M, last 6mo) Form 4 ↗
- Revenue declineRevenue -16.2% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
59.4%
Net margin
21.6%
Return on equity
-3677.4%
Return on assets
23.4%
Revenue growth (QoQ)
-16.2%
Net-income growth
0.7%
Debt / equity
-91.1×
Current ratio
1.1×
Free cash flow
$849M
Tangible book value
-$1.0B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | Vadala Shawn | Grant | 291 | — |
| 2026-05-12 | Wittorf Oliver | Grant | 87 | — |
| 2026-05-12 | Kaltenbach Patrick | Grant | 810 | — |
| 2026-05-12 | Wong Ann Ping Richard | Grant | 103 | — |
| 2026-05-12 | Graham-Bryce Susan | Grant | 71 | — |
| 2026-05-12 | Keller Gerry | Grant | 100 | — |
| 2026-02-17 | TOKICH MICHAEL J | Grant | 50 | — |
| 2026-02-10 | Vadala Shawn | Option exercise | 800 | $595.31 |
| 2026-02-10 | Vadala Shawn | Sell | 800 | $1,410.12 |
| 2025-11-25 | de la Guerroniere Marc | Sell | 3.6K | $1,480.00 |
| 2025-11-25 | de la Guerroniere Marc | Option exercise | 3.6K | $720.81 |
| 2025-11-25 | de la Guerroniere Marc | Option exercise | 2.5K | $1,103.74 |
| 2025-11-25 | de la Guerroniere Marc | Sell | 2.5K | $1,500.00 |
| 2025-11-25 | Vadala Shawn | Option exercise | 1.0K | $595.31 |
| 2025-11-25 | Vadala Shawn | Sell | 1.0K | $1,511.00 |
| 2025-11-24 | Vadala Shawn | Sell | 1.0K | $1,452.00 |
| 2025-11-24 | Vadala Shawn | Option exercise | 1.0K | $671.60 |
| 2025-11-21 | Keller Gerry | Sell | 236 | $1,418.58 |
| 2025-11-21 | Keller Gerry | Option exercise | 230 | $720.81 |
| 2025-11-21 | Keller Gerry | Option exercise | 6 | $595.31 |
| 2025-11-12 | Kaltenbach Patrick | Sell | 442 | $1,462.26 |
| 2025-11-12 | Kaltenbach Patrick | Option exercise | 2.0K | $1,024.55 |
| 2025-11-12 | Kaltenbach Patrick | Sell | 583 | $1,460.60 |
| 2025-11-12 | Kaltenbach Patrick | Sell | 50 | $1,461.20 |
| 2025-11-12 | Kaltenbach Patrick | Sell | 925 | $1,463.88 |
| 2025-11-11 | DIGGELMANN ROLAND D | Grant | 157 | — |
| 2025-11-11 | Kaltenbach Patrick | Grant | 576 | — |
| 2025-11-11 | Wong Ann Ping Richard | Grant | 67 | — |
| 2025-11-11 | Graham-Bryce Susan | Grant | 46 | — |
| 2025-11-11 | Keller Gerry | Grant | 65 | — |
| 2025-11-11 | Vadala Shawn | Grant | 192 | — |
| 2025-11-11 | Vadala Shawn | Option exercise | 1.1K | $397.95 |
| 2025-11-11 | Vadala Shawn | Option exercise | 750 | $671.60 |
| 2025-11-11 | Vadala Shawn | Sell | 1.9K | $1,455.47 |
| 2025-11-11 | Vadala Shawn | Sell | 40 | $1,457.89 |
| 2025-11-11 | de la Guerroniere Marc | Option exercise | 3.3K | $671.60 |
| 2025-11-11 | de la Guerroniere Marc | Option exercise | 3.6K | $595.31 |
| 2025-11-11 | de la Guerroniere Marc | Sell | 6.9K | $1,450.00 |
| 2025-11-11 | Zhang Ingrid | Grant | 63 | — |
| 2025-11-11 | Wienand Wolfgang | Grant | 63 | — |
| 2025-11-11 | Shepherd Brian A | Grant | 63 | — |
| 2025-11-11 | SALICE THOMAS P | Grant | 91 | — |
| 2025-11-11 | Perversi Pablo | Grant | 63 | — |
| 2025-11-11 | Kelly Michael A | Grant | 63 | — |
| 2025-11-11 | FINNEY ELISHA W | Grant | 63 | — |
| 2025-11-11 | Doat-Le Bigot Domitille | Grant | 63 | — |
| 2025-11-10 | FINNEY ELISHA W | Option exercise | 474 | $595.31 |
| 2025-11-10 | FINNEY ELISHA W | Sell | 474 | $1,433.57 |
| 2025-11-07 | Vadala Shawn | Grant | 1 | — |
| 2025-11-07 | de la Guerroniere Marc | Grant | 1 | — |
| 2025-11-07 | Kaltenbach Patrick | Grant | 3 | — |
| 2025-08-19 | Vadala Shawn | Option exercise | 300 | $397.95 |
| 2025-08-19 | Vadala Shawn | Sell | 300 | $1,325.00 |
| 2025-08-14 | Keller Gerry | Option exercise | 165 | $720.81 |
| 2025-08-14 | Keller Gerry | Sell | 165 | $1,308.64 |
| 2025-08-13 | SALICE THOMAS P | Option exercise | 1.1K | $312.36 |
| 2025-08-13 | SALICE THOMAS P | Sell | 636 | $1,300.30 |
| 2025-08-13 | SALICE THOMAS P | Sell | 341 | $1,301.55 |
| 2025-08-13 | SALICE THOMAS P | Sell | 85 | $1,302.83 |
| 2025-08-08 | Vadala Shawn | Option exercise | 300 | $397.95 |
| 2025-08-08 | Vadala Shawn | Sell | 300 | $1,254.09 |
| 2025-05-28 | Kelly Michael A | Option exercise | 1.1K | $312.36 |
| 2025-05-28 | Kelly Michael A | Sell | 1.1K | $1,159.93 |
| 2025-05-08 | Keller Gerry | Grant | 88 | — |
| 2025-05-08 | de la Guerroniere Marc | Grant | 186 | — |
| 2025-05-08 | Wong Ann Ping Richard | Grant | 90 | — |
| 2025-05-08 | Vadala Shawn | Grant | 252 | — |
| 2025-05-08 | Graham-Bryce Susan | Grant | 62 | — |
| 2025-05-08 | Kaltenbach Patrick | Grant | 728 | — |
| 2025-02-24 | Magloth Christian | Option exercise | 790 | $397.95 |
| 2025-02-24 | Magloth Christian | Sell | 790 | $1,313.69 |
| 2025-02-11 | de la Guerroniere Marc | Sell | 689 | $1,331.42 |
| 2025-02-11 | de la Guerroniere Marc | Sell | 199 | $1,333.52 |
| 2025-02-10 | Keller Gerry | Sell | 36 | $1,350.29 |
| 2025-02-10 | Keller Gerry | Option exercise | 600 | $720.81 |
| 2025-02-10 | Keller Gerry | Sell | 564 | $1,351.41 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-13 | Exec/director change | filing ↗ |
| 2026-05-11 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2026-01-20 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-10-23 | Exec/director changeExhibits | filing ↗ |
| 2025-08-04 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-07 | 0001037646-26-000026 ↗ |
| 8-K | 2026-05-11 | 2026-05-07 | 0001037646-26-000024 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001037646-26-000021 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001037646-26-000019 ↗ |
| 10-K | 2026-02-06 | 2025-12-31 | 0001037646-26-000011 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001037646-26-000008 ↗ |
| 8-K | 2026-01-20 | 2026-01-16 | 0001037646-26-000005 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001037646-25-000058 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001037646-25-000056 ↗ |
| 8-K | 2025-10-23 | 2025-10-21 | 0001037646-25-000053 ↗ |
| 8-K | 2025-08-04 | 2025-07-31 | 0001037646-25-000043 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0001037646-25-000040 ↗ |