Is MTD or WAT cheaper?

On trailing earnings, MTD is cheaper: MTD trades at a 26.49 P/E and WAT at 45.18.

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%.

Which has been the better investment, MTD or WAT?

Over the past 10-year, MTD delivered the higher annualized total return — MTD at 11.59% versus WAT at 9.92%. Past performance doesn't predict future results.

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

MTD leads on 11 of 15 compared metrics.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MTD

Mettler-Toledo International Inc.

Not enough overlapping price history to compare MTD and WAT.

MTD vs WAT: by the numbers

•WAT is the larger company ($23.17B vs $22.86B market cap).
•MTD trades at the lower earnings multiple (26.49 vs 45.18 P/E).
•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).

Which is better, MTD or WAT?

Metric tally: MTD 11 · WAT 4

It depends on what you're optimizing for:

ValueMTD(lower P/E)

GrowthWAT(faster 5Y revenue CAGR)

QualityMTD(higher ROIC)

Valuation

Metric	MTD	WAT
P/E ratio	26.49●	45.18
Forward P/E	22.12	21.65●
P/S ratio	5.61●	7.74
P/B ratio	—	1.91
PEG ratio	8.96●	75.62
EV / EBITDA	20.60●	37.11
FCF yield	3.46%●	0.90%

Profitability

Metric	MTD	WAT
Gross margin	57.79%●	55.02%
Operating margin	28.00%●	17.08%
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)	-3.11%	1.10%●

Frequently asked

Which is better, MTD or WAT?: It depends on your goal. value: MTD (lower P/E); growth: WAT (faster 5Y revenue CAGR); quality: MTD (higher ROIC). Across all compared metrics, MTD leads 11 to 4.
Is MTD or WAT cheaper?: On trailing earnings, MTD is cheaper: MTD trades at a 26.49 P/E and WAT at 45.18.
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%.
Which has been the better investment, MTD or WAT?: Over the past 10-year, MTD delivered the higher annualized total return — MTD at 11.59% versus WAT at 9.92%. 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 June 13, 2026.