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Illumina vs Mettler Toledo International: ILMN and MTD compared
Illumina is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $1.1B for Mettler Toledo International (Q3 2026). Mettler Toledo International is growing faster (+6% against +4% a year earlier). Mettler Toledo International is more profitable, with an operating margin of 27.4% against 27.0%.
Where the money goes: ILMN and MTD
Illumina (ILMN) · Q3 2026
Illumina, Q3 2026: revenue $1.1B (+4% year over year), operating margin 27.0%, net earnings $220M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
Mettler Toledo International (MTD) · Q3 2026
Mettler Toledo International, Q3 2026: revenue $1.1B (+6% year over year), operating margin 27.4%, net earnings $246M, operating cash flow $309M. The chart follows the revenue to costs, profit and cash.
| Illumina (ILMN) | Mettler Toledo International (MTD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.1B | $1.1B |
| Revenue growth, Y/Y | +4% | +6% |
| Gross margin | 73.5% | 59.8% |
| Operating margin | 27.0% | 27.4% |
| Net earnings | $220M | $246M |
| Net margin | 19.5% | 22.5% |
| Operating cash flow | $419M | $309M |
| Free cash flow | $378M | $281M |
| Market value | $32.8B | $34.5B |
| P/E | 36.7× | 36.9× |
| Analysts’ mean target | $259.85 | $1585.25 |
Where the revenue comes from
Illumina
- Total product revenue: $946M (84%)
- Service: $183M (16%)
Mettler Toledo International
- US Operations: $390M (36%)
- Western European Operations: $229M (21%)
- Other Operations: $219M (20%)
- Chinese Operations: $201M (18%)
Questions
Which is bigger, Illumina or Mettler Toledo International?
Illumina is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $1.1B for Mettler Toledo International (Q3 2026).
Is Illumina or Mettler Toledo International growing faster?
Mettler Toledo International is growing faster (+6% against +4% a year earlier).
Which is more profitable, Illumina or Mettler Toledo International?
Mettler Toledo International is more profitable, with an operating margin of 27.4% against 27.0%.
More: Illumina earnings · how Illumina makes money · Mettler Toledo International earnings · how Mettler Toledo International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.