Mettler Toledo International (MTD) Operating Margin (2009 - 2026)
Mettler Toledo International (MTD) posted quarterly Operating Margin of 31.97% for Q2 2026, up 352.0% year-over-year from 7.07% in Q2 2025, and up 26.73% on a QoQ basis from 25.23% in Q1 2026.
Mettler Toledo International (MTD) Operating Margin (2009 - 2026) Analysis & Trends
Mettler Toledo International has reported Operating Margin for 18 years, with the latest figure at 31.97% in Q2 2026.
- Operating Margin for Q2 2026 came in at 31.97%, up 352.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 29.75% (down 16.0% YoY), and the FY2025 annual result was 29.18%, down 129.0% from the prior year.
- Operating Margin grew to 31.97% in Q2 2026, from 25.23% in the prior quarter.
- Over five years, Operating Margin peaked at 33.74% in Q4 2022 and troughed at 25.23% in Q1 2026.
- A 5-year average of 29.61% and a median of 29.48% in 2024 frame the typical range for Operating Margin.
- The widest annual swing landed in 2023, when Operating Margin sank 500 bps; it then jumped 473 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 33.74% in 2022, then retreated by 15 bps to 28.74% in 2023, then climbed by 16 bps to 33.47% in 2024, then dropped by 5 bps to 31.73% in 2025, then rose by 1 bps to 31.97% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 31.97% in Q2 2026, 25.23% in Q1 2026, and 31.73% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.92 Bn | 209.86 Bn | 8.34 Bn | 17.40% |
| 2 | Danaher | 140.37 Bn | 136.02 Bn | 3.61 Bn | 17.99% |
| 3 | Idexx Laboratories | 46.17 Bn | 45.97 Bn | 779.09 Mn | 34.98% |
| 4 | Agilent Technologies | 39.76 Bn | 37.96 Bn | 990.00 Mn | 21.74% |
| 5 | Iqvia Holdings | 39.41 Bn | 37.33 Bn | 1.44 Bn | 11.58% |
| 6 | Natera | 38.75 Bn | 37.65 Bn | 696.04 Mn | -13.42% |
| 7 | Illumina | 30.07 Bn | 28.90 Bn | 770.00 Mn | 21.14% |
| 8 | Mettler Toledo International | 28.62 Bn | 28.56 Bn | 650.22 Mn | 31.97% |
| 9 | Quest Diagnostics | 26.15 Bn | 25.53 Bn | 1.03 Bn | 15.08% |
| 10 | Labcorp Holdings | 25.87 Bn | 24.89 Bn | 1.01 Bn | 10.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.97% |
| Mar 31, 2026 | 25.23% |
| Dec 31, 2025 | 31.73% |
| Sep 30, 2025 | 29.52% |
| Jun 30, 2025 | 28.45% |
| Mar 31, 2025 | 26.36% |
| Dec 31, 2024 | 33.47% |
| Sep 30, 2024 | 30.79% |
| Jun 30, 2024 | 29.45% |
| Mar 31, 2024 | 27.83% |
| Dec 31, 2023 | 28.74% |
| Sep 30, 2023 | 30.62% |
| Jun 30, 2023 | 30.51% |
| Mar 31, 2023 | 28.23% |
| Dec 31, 2022 | 33.74% |
| Sep 30, 2022 | 30.95% |
| Jun 30, 2022 | 28.99% |
| Mar 31, 2022 | 26.42% |
| Dec 31, 2021 | 30.52% |
| Sep 30, 2021 | 28.59% |