Filing Flows › Mettler Toledo International (MTD) › Q1 2026
Mettler Toledo International (MTD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Mettler Toledo International (MTD) reported revenue of $947M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -16% from the quarter before. Operating margin was 22.1%, net earnings $169M (17.9% of revenue).
Mettler Toledo International, Q1 2026: revenue $947M (+7% year over year), operating margin 22.1%, net earnings $169M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $947M | -16% | +7% |
| Gross profit | $556M | -18% | +6% |
| Operating profit | $210M | -36% | +4% |
| Net earnings | $169M | -41% | +4% |
| Operating cash flow | $140M | -38% | -28% |
| Free cash flow | $120M | — | — |
What changed
Revenue was $947.1M in Q1 2026, up 7% year over year and down 16% from the previous quarter. Us Operations segment was the largest line at 37% of revenue. Western European Operations Segment added $25.0M year over year (up 13%), 39% of the total change.
Gross margin was 58.7%, down 0.8 points from Q1 2025. Operating profit was $209.7M, a 22.1% margin (down 0.7 points year over year). Of the extra revenue versus Q1 2025, 12% reached operating profit, below the 23% margin then. Operating expenses grew 7% against revenue growth of 7%. The fastest-growing cost line was Research & development (+11%). Net earnings were $169.5M, up 4% year over year. The effective tax rate was 19.2%.
Operating cash flow was $139.8M (down 28% year over year), 82% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $55.7M. After purchase of property, plant and equipment, net ($13.8M) and proceeds from government grant ($6.2M), adjusted free cash flow as the company reports it was $119.7M.
Questions
What was Mettler Toledo International's revenue in the first quarter 2026?
Mettler Toledo International (MTD) reported revenue of $947M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -16% from the quarter before.
Was Mettler Toledo International profitable in the first quarter 2026?
Operating profit was $210M (22.1% of revenue) and net earnings $169M.