MTD vs MMM vs ITW Stock Comparison

Mettler Toledo International, 3M and Illinois Tool Works Prices as of Oct 23, 2026 Peers: Industry group
MMM 3M Co
$173.47 +1.9% 1M +1.1% 1Y
Market cap
$89.47B
P/E
25.3x
Revenue (TTM)
$25.25B
Div. yield
0.02%
Industrial Machinery Industrials
2 wins
ITW Illinois Tool Works Inc
$275.75 +0.8% 1M +7.1% 1Y
Market cap
$79.10B
P/E
24.8x
Revenue (TTM)
$16.47B
Div. yield
0.02%
Industrial Machinery Industrials
4 wins

Head to Head

12 decided of 12

Mettler Toledo International leads on 6 of the 12 questions below (Mettler Toledo International 6, Illinois Tool Works 4, 3M 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMTDMMMITWLeader
Larger companyMarket capitalisation $33.57B $89.47B $79.10B MMM
Cheaper on earningsLower P/E, profitable companies only 37.1x 25.3x 24.8x ITW
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.2x 19.8x 25.8x MMM
Faster revenue growthRevenue growth, trailing twelve months +6.9% +1.7% +4.3% MTD
More profitableNet margin, trailing twelve months 21.9% 14.0% 19.4% MTD
Better return on capitalReturn on invested capital 47.1% 22.0% 27.1% MTD
Less leveragedLower net debt / EBITDA 1.5x 1.6x 1.9x MTD
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.02% ITW
Better 1-year returnPrice return, last 12 months +16.1% +1.1% +7.1% MTD
Better 5-year returnAnnualised price return, 5 years +2.6%/yr +2.8%/yr +4.2%/yr ITW
Less volatileAnnualised volatility, 1 year 33.0% 25.6% 21.8% ITW
Higher overall scoreMean of the five percentile scores vs peers 51/100 49/100 48/100 MTD

Percentile Scorecard

MTDMMMITW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMTDMMMITW
Valuation 11 #180 of 203 37 #129 of 203 24 #154 of 203
Growth 38 #117 of 188 60 #76 of 188 33 #127 of 188
Profitability 100 #1 of 187 87 #25 of 187 100 #2 of 187
Financial Health 24 #168 of 222 18 #183 of 222 23 #172 of 222
Shareholder Returns 80 #31 of 153 44 #86 of 153 60 #62 of 153
Overall 51 49 48
  • MTD ranked among 222 companies in Machinery
  • MMM ranked among 222 companies in Machinery
  • ITW ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMTDMMMITWSPY
1 month +11.7%+1.9%+0.8% -1.0%
3 months +25.6%+0.5%-2.6% +2.9%
6 months +30.1%+18.8%+2.4% +6.4%
Year to date +19.7%+8.4%+12.0% +11.4%
1 year +16.1%+1.1%+7.1% +13.1%
3 years +68.2%+130.2%+23.6% +79.4%
3 years, per year +18.9%+32.1%+7.3% +21.5%
5 years +13.5%+14.8%+22.8% +67.7%
5 years, per year +2.6%+2.8%+4.2% +10.9%
10 years +309.7%+22.4%+143.9% +255.2%
10 years, per year +15.1%+2.0%+9.3% +13.5%

Risk

MeasureMTDMMMITWSPY
Volatility, 1Y 33.0%25.6%21.8% 12.7%
Downside volatility, 1Y 33.6%24.7%21.8% 12.7%
Beta vs S&P 500, 1Y 0.800.680.45 1.00
Return / volatility, 1Y 0.490.040.33 1.03
Max drawdown, 5Y -43.5%-53.4%-28.9% -25.4%
From 52-week high -1.0%-5.6%-8.0% -2.5%
52-week high $1,685.52$183.81$299.60 $779.14
52-week low $1,025.53$141.20$241.07 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMTDMMMITW
P/E now vs peer median 37.1xmedian 25.9x 25.5xmedian 25.9x 24.7xmedian 25.9x
P/S now vs peer median 8.8xmedian 1.9x 3.6xmedian 1.9x 4.8xmedian 1.9x
EV/EBITDA now vs peer median 28.1xmedian 13.7x 16.1xmedian 13.7x 18.3xmedian 13.7x
P/FCF now vs peer median 41.9xmedian 21.1x 33.5xmedian 21.1x 26.9xmedian 21.1x
P/B now vs peer median 2,822xmedian 2.3x 21.5xmedian 2.3x 27.1xmedian 2.3x
PEG now vs peer median 5.36median 1.19 0.71median 1.19 8.36median 1.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMTDMMMITW
Revenue $4.13B $25.25B $16.47B
Gross profit $2.49B $9.98B $7.27B
Operating income $1.23B $4.74B $4.36B
Net income $905.61M $3.58B $3.19B
Free cash flow $863.97M $2.68B $2.92B
R&D $208.01M $1.21B –
EPS (diluted) $44.91 $6.77 $11.13
Cash & equivalents $51.40M $4.84B $839.00M
Total debt $2.11B $15.00B $9.69B
Shares (diluted) 20.17M 522.60M 287.00M
Enterprise value $33.32B $70.91B $75.66B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMTDMMMITW
P/E 37.1x 25.5x 24.7x
P/FCF 41.9x 33.5x 26.9x
P/Operating cash flow 37.1x 24.7x 23.6x
P/S 8.8x 3.6x 4.8x
P/B 2,822x 21.5x 27.1x
P/Tangible book -142.8x 42.3x 33.6x
EV/EBITDA 28.1x 16.1x 18.3x
EV/EBIT 31.1x 21.0x 20.0x
EV/Revenue 9.3x 3.9x 5.3x
EV/FCF 44.3x 37.2x 29.9x
EV/Operating cash flow 39.2x 27.4x 26.2x
PEG (3Y EPS CAGR) 5.36 0.71 8.36

Growth

14 metrics
MetricMTDMMMITW
Revenue growth (1Y) 6.9% 1.7% 4.3%
Revenue CAGR (3Y) 1.5% 10.7% 0.8%
Gross profit growth (1Y) 7.5% -1.8% 5.3%
Gross profit CAGR (3Y) 2.0% 17.0% 2.7%
Operating income growth (1Y) 6.3% -3.7% 6.4%
Operating income CAGR (3Y) 0.2% 33.4% 3.4%
Net income growth (1Y) 9.1% 4.8% -5.1%
Net income CAGR (3Y) 3.7% 35.4% 1.0%
EPS growth (1Y) 12.2% 7.1% -3.1%
EPS CAGR (3Y) 6.9% 35.8% 3.0%
Operating cash flow growth (1Y) 2.5% 42.8% 5.8%
Operating cash flow CAGR (3Y) 0.2% -18.1% 3.1%
Free cash flow growth (1Y) 1.9% 68.6% 7.2%
Free cash flow CAGR (3Y) 0.2% -18.0% 4.1%

Profitability

14 metrics
MetricMTDMMMITW
Gross margin 60.3% 39.5% 44.2%
EBITDA margin 32.9% 24.4% 28.9%
Operating margin 29.7% 18.8% 26.5%
Pretax margin 26.5% 17.5% 25.0%
Net margin 21.9% 14.0% 19.4%
FCF margin 20.9% 10.6% 17.7%
Operating cash flow margin 23.6% 14.4% 20.2%
Return on equity – 101.3% 104.3%
Return on assets 24.7% 9.8% 19.5%
Return on invested capital 47.1% 22.0% 27.1%
Return on capital employed 49.8% 18.7% 41.9%
Asset turnover 1.1x 0.7x 1.0x
Cash conversion (OCF / net income) 1.1x 1.0x 1.0x
Stock comp / revenue 0.6% 0.8% 0.4%

Financial Health

11 metrics
MetricMTDMMMITW
Debt / assets 57.5% 37.9% 58.8%
Debt / equity 164.7x 3.6x 3.3x
Net debt / EBITDA 1.5x 1.6x 1.9x
Debt / FCF 2.4x 5.6x 3.3x
Liabilities / assets 99.7% 89.5% 82.4%
Equity / assets 0.3% 10.5% 17.6%
Interest coverage 17.7x – 14.5x
Current ratio 1.1x 1.4x 1.1x
Quick ratio 0.7x 0.8x 0.7x
Cash ratio 0.0x 0.4x 0.1x
Altman Z-score 11.89 4.10 8.00

Shareholder Returns

7 metrics
MetricMTDMMMITW
Dividend yield – 1.8% 2.4%
Net buyback yield 2.1% 3.0% 2.3%
Shareholder yield 2.1% 4.8% 4.7%
Payout ratio (earnings) – 44.8% 57.4%
Payout ratio (FCF) – 59.9% 62.8%
Dividend growth (1Y) – 3.2% 5.5%
Dividend CAGR (3Y) – -21.4% 5.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMTDMMMITW
Forward P/E 33.2xFY2026 19.8xFY2026 25.8xFY2026
EPS, next fiscal year $50.31FY2026 $8.75FY2026 $10.67FY2026
EPS growth, next FY +17.7%FY2026 +8.6%FY2026 +1.7%FY2026
EPS growth, the year after +5.0% +17.9% +19.3%
Revenue, next fiscal year $4.52BFY2026 $23.87BFY2026 $16.46BFY2026
Revenue growth, next FY +12.2%FY2026 -1.8%FY2026 +2.6%FY2026
Revenue growth, the year after +3.8% +17.4% +11.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMTDMMMITW
Held by institutions 94.4% 74.5% 84.9%
Institutions holding 804 2,208 1,969
Change in shares held, QoQ +3.1% +0.8% +0.8%
Institutions buying 331 914 846
Institutions selling 324 837 750
Buyers to sellers 1.02 1.09 1.13

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MTDMMMITW
MTD 1.00 0.34 0.35
MMM 0.34 1.00 0.56
ITW 0.35 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MTD, MMM and ITW?

3M (MMM) is the largest by market capitalisation: Mettler Toledo International (MTD) $33.57B, 3M (MMM) $89.47B, Illinois Tool Works (ITW) $79.10B.

Which stock is cheaper, MTD, MMM and ITW?

Illinois Tool Works (ITW) trades on the lowest price-to-earnings ratio (Mettler Toledo International (MTD) 37.1x, 3M (MMM) 25.3x, Illinois Tool Works (ITW) 24.8x). On next year's consensus earnings, 3M (MMM) is cheapest (Mettler Toledo International (MTD) 33.2x, 3M (MMM) 19.8x, Illinois Tool Works (ITW) 25.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Mettler Toledo International (MTD) grew revenue fastest over the trailing twelve months: Mettler Toledo International (MTD) +6.9%, 3M (MMM) +1.7%, Illinois Tool Works (ITW) +4.3%.

Which company is more profitable?

Mettler Toledo International (MTD) has the highest net margin (Mettler Toledo International (MTD) 21.9%, 3M (MMM) 14.0%, Illinois Tool Works (ITW) 19.4%). On return on invested capital, Mettler Toledo International (MTD) leads (Mettler Toledo International (MTD) 47.1%, 3M (MMM) 22.0%, Illinois Tool Works (ITW) 27.1%).

Which stock has performed better?

Over the past year Mettler Toledo International (MTD) returned the most: Mettler Toledo International (MTD) +16.1%, 3M (MMM) +1.1%, Illinois Tool Works (ITW) +7.1%. Over five years, Illinois Tool Works (ITW) compounded fastest (Mettler Toledo International (MTD) +2.6%/yr, 3M (MMM) +2.8%/yr, Illinois Tool Works (ITW) +4.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Illinois Tool Works (ITW) has the highest dividend yield: Mettler Toledo International (MTD) 0.00%, 3M (MMM) 0.02%, Illinois Tool Works (ITW) 0.02%. Mettler Toledo International (MTD) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Illinois Tool Works (ITW) has been the steadiest (Mettler Toledo International (MTD) 33.0%, 3M (MMM) 25.6%, Illinois Tool Works (ITW) 21.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MTD, MMM and ITW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mettler Toledo International (MTD) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.