MTD vs TMO
Mettler Toledo (MTD) and Thermo Fisher Scientific (TMO) compared side by side. Thermo Fisher Scientific (TMO) is larger, with a market cap of $249.1B versus $33.5B for Mettler Toledo, about 7.4 times the size. On trailing earnings, TMO is cheaper at 35.5x versus 37.6x for MTD.
Head to head
| Metric | MTD | TMO |
|---|---|---|
| Market cap | $33.5B | $249.1B |
| P/E (TTM) | 37.6x | 35.5x |
| Forward P/E | 32.3x | 24.3x |
| Revenue (TTM) | $4.1B | $47.4B |
| Revenue growth | 4.5% | 9.1% |
| Gross margin | 60.3% | 41.2% |
| Operating margin | 31.2% | 20.2% |
| Free cash flow | $864.0M | $7.3B |
| Dividend yield | None | 0.28% |
| 1-year return | +16.2% | +18.2% |
| 5-year return (annual) | +2.6% | +2.2% |
| Max drawdown | -61% | -71% |
| FI Handbook grade | C+ | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
MTD vs TMO FAQ
Which is bigger, MTD or TMO?
Thermo Fisher Scientific (TMO) is larger, with a market cap of $249.1B versus $33.5B for Mettler Toledo, about 7.4 times the size.
Is MTD or TMO cheaper?
On trailing earnings, TMO is cheaper at 35.5x versus 37.6x for MTD. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, MTD or TMO?
TMO returned +18.2% over the past year including dividends, versus +16.2% for MTD, through October 23, 2026.
Which pays a higher dividend, MTD or TMO?
TMO yields 0.28%; MTD does not pay a dividend.
Full pages: Mettler Toledo · Thermo Fisher Scientific