Which has the lower trailing P/E, MTD or WAT?

MTD has the lower trailing P/E: MTD trades at 32.51 and WAT at 48.22. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MTD or WAT?

Over the past five years, WAT grew revenue faster — MTD at a 4.77% CAGR versus WAT at 8.48%.

Is MTD or WAT more profitable?

MTD runs the higher net margin — MTD at 21.40% versus WAT at 11.91%.

How have MTD and WAT total returns compared?

Over the past 10 years, MTD delivered 12.94% and WAT delivered 9.09% annualized total return. Past performance doesn't predict future results.

Mettler-Toledo International Inc. (MTD) vs Waters Corporation (WAT)

A side-by-side comparison of Mettler-Toledo International Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 30, 2026. Differences are shown without an overall score or investment verdict.

MTD

Mettler-Toledo International Inc.

$27.58B

$1,365.04HealthcareDelayed quote: Jul 30, 2026, 11:09 AM EDT

WAT

Waters Corporation

$24.27B

$372.30HealthcareDelayed quote: Jul 30, 2026, 11:10 AM EDT

Total return — MTD vs WAT

growth of $100 · dividends reinvested · last 29y

MTD +9233.3%WAT +3742.8%MTD compounded faster

MTD WAT

MTD vs WAT: by the numbers

•MTD is the larger company ($27.58B vs $24.27B market cap).
•MTD trades at the lower trailing earnings multiple (32.51 vs 48.22 P/E), one valuation lens rather than an overall verdict.
•MTD converts more revenue to profit (21.40% vs 11.91% net margin).
•WAT grew revenue faster over the past five years (8.48% vs 4.77% CAGR).

Metrics side by side

Valuation

Metric	MTD	WAT
P/E ratio	32.51	48.22
Forward P/E	29.75	26.13
P/S ratio	6.89	8.27
P/B ratio	N/A	2.04
PEG ratio	8.96	75.61
EV / EBITDA	23.81	38.08
FCF yield	2.82%	0.85%

Profitability

Metric	MTD	WAT
Gross margin	57.79%	55.02%
Operating margin	28.00%	28.22%
Net margin	21.40%	11.91%
ROE	-3677.41%	2.94%
ROIC	35.46%	17.57%

Growth (annualized)

Metric	MTD	WAT
Revenue CAGR (5Y)	4.77%	8.48%
EPS CAGR (5Y)	10.81%	5.16%
FCF CAGR (5Y)	1.98%	-17.63%
Total return CAGR (5Y)	-1.69%	-0.60%

Frequently asked

Which has the lower trailing P/E, MTD or WAT?: MTD has the lower trailing P/E: MTD trades at 32.51 and WAT at 48.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MTD or WAT?: Over the past five years, WAT grew revenue faster — MTD at a 4.77% CAGR versus WAT at 8.48%.
Is MTD or WAT more profitable?: MTD runs the higher net margin — MTD at 21.40% versus WAT at 11.91%.
How have MTD and WAT total returns compared?: Over the past 10 years, MTD delivered 12.94% and WAT delivered 9.09% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MTD analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

Mettler-Toledo International P/E ratio Waters P/E ratio Mettler-Toledo International dividend yield Waters dividend yield Mettler-Toledo International ROE Waters ROE Mettler-Toledo International operating margin Waters operating margin Mettler-Toledo International revenue growth Waters revenue growth Mettler-Toledo International free cash flow Waters free cash flow

Mettler-Toledo International & Waters appear in these rankings

Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 30, 2026.