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

MTD has the lower trailing P/E: MTD trades at 29.07 and WAT at 101.83. 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 3.54% CAGR versus WAT at 11.70%.

Is MTD or WAT more profitable?

MTD runs the higher net margin — MTD at 21.91% versus WAT at 3.58%.

How have MTD and WAT total returns compared?

Over the past 10 years, MTD delivered 12.66% and WAT delivered 10.36% 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 September 11, 2026. Differences are shown without an overall score or investment verdict.

MTD

Mettler-Toledo International Inc.

$26.14B

$1,293.52HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

WAT

Waters Corporation

$30.54B

$408.34HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — MTD vs WAT

growth of $100 · dividends reinvested · last 10y

MTD +256.0% (+13.5%/yr)WAT +154.2% (+9.8%/yr)MTD compounded faster over this window

MTD WAT

MTD vs WAT: by the numbers

•WAT is the larger company ($30.54B vs $26.14B market cap).
•MTD trades at the lower trailing earnings multiple (29.07 vs 101.83 P/E), one valuation lens rather than an overall verdict.
•MTD converts more revenue to profit (21.91% vs 3.58% net margin).
•WAT grew revenue faster over the past five years (11.70% vs 3.54% CAGR).

Metrics side by side

Valuation

Metric	MTD	WAT
P/E ratio	29.07	101.83
Forward P/E	27.33	28.02
P/S ratio	6.32	6.58
P/B ratio	2038.44	2.01
EV / EBITDA	21.41	37.99
FCF yield	3.31%	1.30%

Profitability

Metric	MTD	WAT
Gross margin	59.30%	50.78%
Operating margin	28.69%	28.22%
Net margin	21.91%	3.58%
ROE	7062.40%	1.09%
ROIC	38.57%	1.34%

Growth (annualized)

Metric	MTD	WAT
Revenue CAGR (5Y)	3.54%	11.70%
EPS CAGR (5Y)	10.81%	5.16%
FCF CAGR (5Y)	2.13%	-9.10%
Total return CAGR (5Y)	-4.28%	-0.83%

Frequently asked

Which has the lower trailing P/E, MTD or WAT?: MTD has the lower trailing P/E: MTD trades at 29.07 and WAT at 101.83. 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 3.54% CAGR versus WAT at 11.70%.
Is MTD or WAT more profitable?: MTD runs the higher net margin — MTD at 21.91% versus WAT at 3.58%.
How have MTD and WAT total returns compared?: Over the past 10 years, MTD delivered 12.66% and WAT delivered 10.36% 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 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 ROE Stocks 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 September 11, 2026.