Short answer
Mettler Toledo (MTD) filed its fiscal 2025 10-K annual report with the SEC on Feb 6, 2026. It reported revenue of $4.0B (+4.0% year over year) and net income of $869M.
- Top risk flagged: U.S.-China geopolitical tensions causing 16% sales, 29% segment profit, 29% production exposure in China with tariff increases and supply chain risks
FY2025 key financial metrics · XBRL
- Revenue
- $4.0B
- +4.0% YoY
- Net income
- $869M
- +0.7% YoY
- Gross margin
- 59.4%
- −0.7 pp YoY
- EPS (diluted)
- $42.05
- +3.9% YoY
- ROE
- -3677.4%
- −2997.2 pp YoY
- Operating cash flow
- $956M
- −1.3% YoY
Source: XBRL data from the Mettler Toledo (MTD) FY2025 10-K on SEC EDGAR. USD.
Mettler Toledo FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Precision instruments and analytical equipment manufacturing for laboratory and industrial use
- New share repurchase program authorization of $2.75 billion in November 2025, adding to $3.7 billion remaining availability
- Share repurchase spending $800 million in 2025 on 646,608 shares at average $1,237.18 per share versus $850 million in 2024
- Total shares repurchased since 2004: 33.0 million at average price $320.91, cost $10.6 billion through 2025
- Inflation Reduction Act excise tax $7.4 million in 2025, slightly reducing shareholders' equity
Management Discussion & Analysis
- Revenue $4.0B in 2025, up 4% YoY from $3.9B in 2024; local currency sales up 3% in 2025 and 2024
- Gross margin 59.4% in 2025 vs 60.1% in 2024; product margin 61.1% vs 62.1%, service margin 54.4% vs 53.7%
- Best segment: U.S. Operations, sales $1.50B (+5%), profit $375M (-5%); Worst: Swiss Operations, sales $211M (-4%), profit $284M (+1%)
- R&D 5.0% of sales, SG&A 24.8%; Interest expense $68.5M (down); Restructuring charges $17.9M (down); acquisitions expanded service revenue by ~1%
- Management cites ongoing risks from tariffs ($50M costs in 2025), geopolitical uncertainty; growth drivers automation, digitalization, emerging markets
Risk Factors
- U.S.-China geopolitical tensions causing 16% sales, 29% segment profit, 29% production exposure in China with tariff increases and supply chain risks
- Ukraine war and Middle East conflict disrupting supply chains, increasing costs, reducing shipping capacity, and heightening global economic uncertainty
- Single-location manufacturing dependencies in China, Europe, and U.S. risking significant production disruptions from labor unrest, natural disasters, or cybersecurity attacks
- Competition from larger firms and emerging market low-cost competitors accelerating AI and digitalization adoption, pressuring margins and market share
- Currency risk with 1% Swiss franc strengthening estimated to reduce earnings before tax by $2.8-$3.1 million annually, and 5% USD weakening increasing debt by $53.7 million
Generated from the filing text; verify against the original. How to read a 10-K
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