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Mettler Toledo International vs Bio-Rad Laboratories: MTD and BIO compared
Mettler Toledo International is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $656M for Bio-Rad Laboratories (Q3 2026). Mettler Toledo International is growing faster (+6% against +0.5% a year earlier). Mettler Toledo International is more profitable, with an operating margin of 27.4% against -7.6%.
Where the money goes: MTD and BIO
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.
Bio-Rad Laboratories (BIO) · Q3 2026
Bio-Rad Laboratories, Q3 2026: revenue $656M (+0.5% year over year), operating margin -7.6%, net earnings $459M, operating cash flow $96.4M. The chart follows the revenue to costs, profit and cash.
| Mettler Toledo International (MTD) | Bio-Rad Laboratories (BIO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.1B | $656M |
| Revenue growth, Y/Y | +6% | +0.5% |
| Gross margin | 59.8% | — |
| Operating margin | 27.4% | -7.6% |
| Net earnings | $246M | $459M |
| Net margin | 22.5% | 69.9% |
| Operating cash flow | $309M | $96.4M |
| Free cash flow | $281M | $65.2M |
| Market value | $34.5B | $10.3B |
| P/E | 36.9× | 10.1× |
| Analysts’ mean target | $1585.25 | $335.00 |
Where the revenue comes from
Mettler Toledo International
- US Operations: $390M (36%)
- Western European Operations: $229M (21%)
- Other Operations: $219M (20%)
- Chinese Operations: $201M (18%)
Bio-Rad Laboratories
- Clinical Diagnostics: $402M (61%)
- Life Science: $255M (39%)
Questions
Which is bigger, Mettler Toledo International or Bio-Rad Laboratories?
Mettler Toledo International is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $656M for Bio-Rad Laboratories (Q3 2026).
Is Mettler Toledo International or Bio-Rad Laboratories growing faster?
Mettler Toledo International is growing faster (+6% against +0.5% a year earlier).
Which is more profitable, Mettler Toledo International or Bio-Rad Laboratories?
Mettler Toledo International is more profitable, with an operating margin of 27.4% against -7.6%.
More: Mettler Toledo International earnings · how Mettler Toledo International makes money · Bio-Rad Laboratories earnings · how Bio-Rad Laboratories makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.