Filing Flows › Industrials › Mettler Toledo International (MTD)
Mettler Toledo International (MTD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Mettler Toledo International (MTD) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $1.1B · 22¢ of every $1 of revenue kept as net profit · operating margin 27.4%
Mettler Toledo International made $1.1B in Q3 2026 (+6% Y/Y): US Operations $390M, Western European Operations $229M, Other Operations $219M. Operating margin 27.4%, net earnings $246M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.1B in Q3 2026, up 6% year over year and up 7% from the previous quarter. US Operations was the largest line at 36% of revenue. Chinese Operations added $0.03B year over year (up 20%), 52% of the total change.
Gross margin was 59.8%, up 0.6 points from Q3 2025. Operating profit was $0.30B, a 27.4% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 48% reached operating profit, above the 26% margin then. Operating expenses grew 4% against revenue growth of 6%. Net earnings were $0.25B, up 13% year over year. The effective tax rate was 18.1%.
Operating cash flow was $0.31B (up 3% year over year), 125% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.03B left free cash flow of $0.28B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $1.1B | +6% | 27.4% | $246M | $309M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $1.0B | +4% | 28.2% | $233M | $310M |
| Q1 2026 | 10-Q | May 8, 2026 | $947M | +7% | 22.1% | $169M | $140M |
| Q4 2025 | 10-K | Feb 6, 2026 | $1.1B | +8% | 29.1% | $286M | $226M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $1.0B | +8% | 26.1% | $217M | $299M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $983M | +4% | 25.3% | $202M | $236M |
| Q1 2025 | 10-Q | May 2, 2025 | $884M | -5% | 22.9% | $164M | $194M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Mettler Toledo International
We are a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key research and development, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance.
In its own words, from its 10-K, filed Feb 6, 2026.
Mettler Toledo International against its Laboratory Analytical Instruments peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +4%. Operating margin: 27.4% against the peers' median 8.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MTD Mettler Toledo International | Q3 2026 | $1.1B | +6% | 27.4% |
| A Agilent Technologies | Q3 FY26 | $1.9B | +8% | 23.6% |
| WAT Waters | Q3 2026 | $1.8B | +121% | 7.2% |
| AVTR Avantor | Q3 2026 | $1.7B | +5% | 8.2% |
| ILMN Illumina | Q3 2026 | $1.1B | +4% | 27.0% |
| BRKR Bruker | Q3 2026 | $874M | +2% | -10.4% |
| RVTY Revvity | Q3 2026 | $729M | +4% | 10.6% |
| BIO Bio-Rad Laboratories | Q3 2026 | $656M | +0.5% | -7.6% |
| TXG 10x Genomics | Q3 2026 | $151M | +1% | -10.7% |
Source: Mettler Toledo International 10-Q on SEC EDGAR · CIK 1037646 · Laboratory Analytical Instruments
Guidance and outlook
13F: who owns MTD and who is buying
More on MTD
- How Mettler Toledo International makes money: revenue by segment
- Mettler Toledo International next earnings date and what analysts expect
- Mettler Toledo International stock forecast, price target and fair value
- Who owns Mettler Toledo International stock: holders, funds and Congress trades
- Mettler Toledo International guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Mettler Toledo International guidance history: guided vs reported
- Mettler Toledo International gross margin by quarter
- Mettler Toledo International operating margin by quarter
- Mettler Toledo International net income by quarter
- Mettler Toledo International free cash flow by quarter
- Mettler Toledo International R&D spending by quarter
- Mettler Toledo International capital expenditures by quarter
- Mettler Toledo International US Operations revenue by quarter
- Mettler Toledo International Western European Operations revenue by quarter
- Mettler Toledo International Other Operations revenue by quarter