# Mettler Toledo (MTD) Forecast Calculator

Interactive five-year financial forecast and DCF for Mettler Toledo. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/mettler-toledo/forecast
- Industry: Healthcare
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 3008652000 | 506109000 | 720385000 | 561109000 |
| 2022 | 3085177000 | 632205000 | 790787000 | 602739000 |
| 2023 | 3717930000 | 801245000 | 994343000 | 768985000 |
| 2024 | 3919709000 | 737826000 | 1117376000 | 872502000 |
| 2025 | 3788309000 | 860551000 | 1022679000 | 788778000 |

## Frequently asked questions

### What does Mettler Toledo do?

Mettler Toledo is a global manufacturer of precision instruments and services for use in laboratory, industrial, and food retailing applications. The company also generates significant recurring revenue from its global service network, which accounts for approximately 25% of total sales.

### What are Mettler Toledo's main revenue streams?

Mettler Toledo's revenue is primarily driven by its Laboratory Instruments segment, which accounts for approximately 56% of revenue, and Industrial Instruments, contributing about 39%. A significant portion of its total sales, around 25%, comes from recurring service revenue due to its massive installed base and global service network.

### What is Mettler Toledo's capital expenditure strategy?

Mettler Toledo operates an asset-light business model, with capital expenditure typically ranging from 2.5% to 3.5% of revenue. This capex is roughly split between maintenance and growth, with growth investments focusing on IT infrastructure, software development, and facility automation.

### What is the purpose of the Mettler Toledo financial model?

The Mettler Toledo financial model projects the company's three-statement financials and free cash flow. Its primary purpose is to determine MTD's intrinsic equity valuation and evaluate the sustainability of its aggressive share repurchase program.

### Can I download an Excel financial model for Mettler Toledo?

Yes, an Excel financial model for Mettler Toledo (MTD) is available for download. This model projects the company's financials from FY2026 to FY2030 and includes key assumptions for revenue growth, margins, and capital expenditures.

### How does Mettler Toledo maintain its market position and profitability?

Mettler Toledo holds the global number-one market position in most of its product categories, benefiting from high switching costs for customers. This, combined with a massive installed base, drives a significant recurring service revenue stream, contributing to its highly profitable and asset-light business model.