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
DateValue
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%