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Mettler Toledo

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Multinational manufacturer of scales and analytical instruments

Mettler Toledo, stylized in all caps, is a multinational supplier of precision instruments and services. The company focuses on laboratory, industrial, product inspection, and food retailing applications.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1991Founded1

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  • TickerMTD on NYSE1
  • IndustryLaboratory Analytical Instruments1
  • HeadquartersGreifensee1
  • Websitewww.mt.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address1900 Polaris Parkway, Columbus, Oh 432405
  • Filer categoryLarge accelerated filer5

Mettler Toledo, stylized in all caps, is a multinational supplier of precision instruments and services. The company focuses on laboratory, industrial, product inspection, and food retailing applications. Its products are used in research, quality control, and manufacturing processes in life sciences, food, chemical, and many other industries. The company's business is geographically diversified, with sales in 2023 derived 41% from North and South America, 27% from Europe, and 32% from Asia and other countries. The company’s global workforce consists of 17,300 employees as of December 31, 2023.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

59.4%Gross margin7
21.6%Net margin7
4.0%Revenue growth, 20257
$848.6MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Laboratory products and services brought in 56% of the revenue Mettler Toledo broke down this way in fiscal 2025.

  1. Laboratory products and services$2.2B756%up 3% from 2024
  2. Industrial products and services$1.6B739%up 6% from 2024
  3. Retail products and services$205.9M75%up 5% from 2024
Products and services by year
Products and services202320242025
Laboratory products and services$2.1B$2.2B$2.2B
Industrial products and services$1.5B$1.5B$1.6B
Retail products and services$229.1M$196.4M$205.9M

Business segments

US Operations brought in 37% of the revenue Mettler Toledo broke down this way in fiscal 2025.

  1. US Operations$1.5B737%up 5% from 2024
  2. Western European Operations$896.0M722%up 4% from 2024
  3. Other Operations$788.5M720%up 7% from 2024
  4. Chinese Operations$634.8M716%up 1% from 2024
  5. Swiss Operations$210.9M75%down 4% from 2024
Business segments by year
Business segments202320242025
US Operations$1.4B$1.4B$1.5B
Western European Operations$792.9M$858.0M$896.0M
Other Operations$684.0M$737.8M$788.5M
Chinese Operations$718.8M$628.4M$634.8M
Swiss Operations$188.7M$218.6M$210.9M

Regions

Us Operations brought in 37% of the revenue Mettler Toledo broke down this way in fiscal 2025.

  1. Us Operations$1.5B737%up 5% from 2024
  2. Western European Operations$896.0M722%up 4% from 2024
  3. Other Operations$788.5M720%up 7% from 2024
  4. Chinese Operations$634.8M716%up 1% from 2024
  5. Swiss Operations$210.9M75%down 4% from 2024
Regions by year
Regions202320242025
Us Operations$1.4B$1.4B$1.5B
Western European Operations$792.9M$858.0M$896.0M
Other Operations$684.0M$737.8M$788.5M
Chinese Operations$718.8M$628.4M$634.8M
Swiss Operations$188.7M$218.6M$210.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development5¢$199.4M
  • Selling, general and admin25¢$998.3M
  • Other costs43¢$1.7B
  • Interest2¢$68.5M
  • Income tax4¢$179.7M
  • Profit22¢$869.2M

Out of $4.0B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending11¢$107.1M
  • Share buybacks84¢$800.0M
  • Kept or used elsewhere5¢$48.7M

Out of $955.8M of cash from operations.7

Financial statements

Revenue8910117$4.0B in 2025+34% since 2019
0$2.0B$4.0B$6.0B2019: $3.0B$3.0B20192020: $3.1B$3.1B2020+3%2021: $3.7B$3.7B2021+21%2022: $3.9B$3.9B2022+5%2023: $3.8B$3.8B2023−3%2024: $3.9B$3.9B2024+2%2025: $4.0B$4.0B2025+4%
Gross profit8910117$2.4B in 2025+37% since 2019
0$1.0B$2.0B$3.0B2019: $1.7B$1.7B20192020: $1.8B$1.8B2020+3%2021: $2.2B$2.2B2021+21%2022: $2.3B$2.3B2022+6%2023: $2.2B$2.2B2023−3%2024: $2.3B$2.3B2024+4%2025: $2.4B$2.4B2025+3%
Net income8910117$869.2M in 2025+55% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $561.1M$561.1M20192020: $602.7M$602.7M2020+7%2021: $769.0M$769.0M2021+28%2022: $872.5M$872.5M2022+13%2023: $788.8M$788.8M2023−10%2024: $863.1M$863.1M2024+9%2025: $869.2M$869.2M2025+1%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenues$4.0B$3.9B$3.8B
Gross profit$2.4B$2.3B$2.2B
Research and development$199.4M$189.4M$185.3M
Selling, general and administrative$998.3M$936.3M$904.1M
Amortization$74.5M$72.9M$72.2M
Interest Expense$68.5M$74.6M$77.4M
Restructuring Charges$17.9M$19.8M$32.7M
Other Charges (Income), Net-$16.8M-$4.6M-$4.1M
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest-$1.0B-$1.0B-$973.7M
Provision for taxes$179.7M$174.1M$184.9M
Net earnings$869.2M$863.1M$788.8M
Net earnings$42.17$40.67$36.10
Weighted average number of common shares20.6M shares21.2M shares21.8M shares
Net earnings$42.05$40.48$35.90
Weighted average number of common and common equivalent shares20.7M shares21.3M shares22.0M shares

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The story

Toledo Scale Company

Allen DeVilbiss, Jr. (1873–1911) was an inventor who lived in Toledo, Ohio, United States. He became interested in the concept of weighing machines, and conceived the idea of an automatic computing pendulum scale. He was able to prove his concept with a local butcher, who realized that customers appreciated the automatic computation which eliminated the risk of overcharging. While his invention gained in popularity, DeVilbiss was not interested in making it a viable business.

In 1900, Henry Theobald (1868–1924) was fired from his job at the National Cash Register Company. He decided to start his own business, and was convinced that selling the automatic computing scales could be a good venture. He solicited additional financial investors and purchased the company from DeVilbiss. On July 10, 1901, the Toledo Computing Scale and Cash Register Company was incorporated.

By May 1902, Theobald's company was selling more than 100 cash registers with scales per month. By that time, John H. Patterson, Theobald's boss from NCR, threatened to sue the new company for patent infringements. As an alternative, Patterson offered to purchase all cash register patents and property, along with the stipulation that Theobald would no longer engage in the cash register business. The investors, who worried about the costs of patent infringement litigation, agreed to the sale in June 1902. Since cash registers were no longer part of Theobald's business, he changed the name to Toledo Computing Scale Company. Theobald later coined the phrase "No Springs, Honest Weight" as a slogan for the new company.

In the years that followed, Theobald realized that the weighing scale was the most important part of the retail transaction between the merchant and the customer. He felt that many of his competitors who used spring scale technology, especially Dayton Scale Company, were allowing merchants to cheat their customers by incorrectly calculating the total price of a measured good. He campaigned for more government regulation of weights and measures to eliminate dishonest weighing systems. On October 1, 1907, Massachusetts adopted the first weights and measures laws in the United States.

In 1912, the company name changed once again, to Toledo Scale Company. Additionally, a new scale line featuring a double pendulum mechanism and a dial face was introduced and was most suited for industrial applications.

In 1957, Reliance Electric Co, merged with Toledo Scale Co. Reliance paid about $70 million in stock for the purchase.

Mettler Instruments AG

In 1945, Dr. Erhard Mettler Rook, a Swiss engineer, started a precision mechanics company in Küsnacht, Switzerland. He invented the substitution principle with a single-pan balance, capable of being produced in series. Analytical balances with a single weighing pan gradually replaced conventional two-pan balances in the laboratory.

Mettler diversified its product line in 1970 with the introduction of its automated titration systems, and the acquisition of balance manufacturer Microwa AG. Mettler acquired its 500-employee competitor August Sauter KG, of Albstadt-Ebingen, Germany, in 1971, for its specialized industrial and retail scales.

Read the full text

In 1980, Dr. Mettler sold his business to Ciba-Geigy AG. A third pillar—after laboratory and industrial—was created: the retail business. Technological progress had made it possible to advance retail scales to instruments for the management of perishable goods.

Mettler Toledo

In 1989, Reliance Electric sold the Toledo Scale division to Ciba-Geigy AG. The division was then merged with Mettler Instruments. The merger vastly increased the global scope of the company, which, as a result, operated in 18 countries. Mettler acquired another competitor, Ohaus Corp., in 1990. In 1992, the company was incorporated as Mettler Toledo, Inc.

In 1996–97, Mettler Toledo, Inc. was sold by Ciba-Geigy AG to the New York-based AEA Investors Inc., in preparation for a subsequent initial public offering. The initial public offering was completed and began trading on the New York Stock Exchange, under the ticker symbol NYSE: MTD.

The resulting company is currently headquartered in Greifensee, Switzerland, with offices for its many brands based around the world.

From Wikipedia’s article on Mettler Toledo, shared under CC BY-SA 4.0.6

Leadership

Who has led Mettler Toledo, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (41)

Products and brands

  • scientific instrument
  • weighing scale

Listed on Wikidata.1

The company has locations in approximately 40 countries, with manufacturing operations in China, Switzerland, the United States, Germany, Norway, the United Kingdom, and Mexico. Mettler Toledo has an extensive global sales, service, and marketing organization with approximately 9,000 employees.

Laboratory Instruments Division

Mettler Toledo produces precision laboratory instruments used for sample preparation, synthesis, analytical bench top activities, material characterization, and in-line measurement. Their portfolio includes laboratory balances, Rainin laboratory pipettes, automated laboratory reactors with real-time analytics, titrators, pH meters, process analytics sensors, and analyzer technology.

Additionally, the Company offers physical value analyzers such as density and refractometry instruments, thermal analysis systems, and other analytical tools like UV/VIS spectrophotometers and moisture analyzers. These laboratory instruments feature embedded software, and Mettler Toledo also provides a proprietary laboratory software platform for managing and analyzing data from their instruments.

Industrial Instruments Division

The Company manufactures industrial weighing instruments and related terminals and offer software for the pharmaceutical, chemical, food, discrete manufacturing, and other industries. In addition, it also produces metal detection, X-ray, check weighing, and other end-of-line product inspection systems used in production and packaging. Mettler Toledo also offers heavy industrial scales and related software.

Read the full text

Sales and service

As of December 31, 2023, the sales and service group comprised approximately 9,000 employees in sales, marketing, customer service, and post-sales technical service, located in around 40 countries.

The Mettler Toledo service business provides uptime and calibration services as well as value-added services for various market needs, including regulatory compliance, performance enhancements, application expertise and training, and remote services. The company offers specialized services to pharmaceutical customers, ensuring compliance with U.S. Food and Drug Administration (FDA) and other international regulations.

Service constitutes a significant portion of the company’s net sales. Beyond revenue, the service business drives customer retention, enabling Mettler Toledo to maintain close relationships and frequent contact with a large customer base.

From Wikipedia’s article on Mettler Toledo, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. 1990Acquired Ohaus1

Former names

  • MT INVESTORS INC/Dec 16, 1997 to Feb 13, 19985
  • METTLER TOLEDO INTERNATIONAL INCNov 17, 1997 to Nov 17, 19975
  • MT INVESTORS INCOct 21, 1997 to Nov 10, 19975

Timeline

  1. Jan 27, 2021New chief executive Patrick Kaltenbach becomes CEO17
  2. Jan 7, 2008New chief executive Oliver A. Filliol becomes CEO18
  3. Jan 20, 2006New chief executive Robert F. Spoerry becomes CEO19
  4. 1991Founded Founded1

Recent filings

  1. Sep 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  2. Aug 31, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  3. Aug 12, 2026SCHEDULE 13G/A
  4. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  5. Aug 5, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
  6. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  7. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  8. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  9. Aug 5, 2026144
  10. Aug 3, 20268-K
  11. Aug 3, 2026144
  12. Jul 31, 2026SCHEDULE 13G
  13. Jul 31, 202610-Q
  14. Jul 30, 20268-K
  15. Jul 28, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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