Mettler Toledo (MTD) FY2025 10-K Annual Report
Mettler Toledo (MTD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 6, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Mettler Toledo FY2025 10-K Analysis
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
Mettler Toledo FY2025 Key Financial MetricsXBRL
Revenue
$4.0B
▲ +4.0% YoY
Net Income
$869M
▲ +0.7% YoY
Gross Margin
59.4%
▼ -68bp YoY
Net Margin
21.6%
▼ -70bp YoY
ROE
-3677.4%
▼ -299718bp YoY
Total Assets
$3.7B
▲ +14.6% YoY
EPS (Diluted)
$42.05
▲ +3.9% YoY
Operating Cash Flow
$956M
▼ -1.3% YoY
Source: XBRL data from Mettler Toledo FY2025 10-K filing on SEC EDGAR. All figures in USD.
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