Mettler-Toledo International (MTD) Q4 2025 earnings summary

Executive summary

• Achieved strong Q4 and full-year 2025 results with broad-based growth across geographies and product categories, despite challenging market conditions and global trade disputes.

• Adjusted EPS grew 8% in Q4 and 4% for the full year; free cash flow conversion was excellent at 99% of adjusted net income.

• Demonstrated resilience and agility amid global trade disputes and soft market conditions, maintaining operational excellence and innovation.

• Strategic focus on innovation, automation, digitalization, and onshoring positions the company for continued market share gains.

Financial highlights

• Q4 2025 reported sales reached $1.13 billion, up 8% year-over-year; local currency sales up 5%.

• Q4 adjusted operating profit was $363 million (+3% YoY); adjusted operating margin was 32.1% (down 160 bps YoY).

• Q4 adjusted EPS was $13.36 (+8% YoY); reported EPS was $13.98, including discrete tax benefits.

• Full-year 2025 net sales grew 4% to $4.03 billion; adjusted EPS up 4% to $42.73.

• Free cash flow for 2025 was $878 million, with adjusted free cash flow conversion at 99% of adjusted net income.

Outlook and guidance

• 2026 local currency sales growth forecast at ~4%; adjusted EPS expected at $46.05–$46.70 (+8–9%).

• Q1 2026 guidance: local currency sales up ~3%, adjusted EPS $8.60–$8.75 (+5–7%).

• Operating margin expected to rise 60–70 bps (ex-currency); FX to be a 1% sales benefit but slight EPS headwind.

• Free cash flow for 2026 expected at ~$900 million; share repurchases planned at $825–$875 million.

• Guidance reflects confidence in strategic initiatives and product innovation.