LH vs MTD: Laboratory Corporation of America Holdings and Mettler-Toledo International compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Mettler-Toledo International is the larger company, worth $33.4B, about 1.3 times Laboratory Corporation of America Holdings.
- Laboratory Corporation of America Holdings grew revenue faster over the last year (+5.8% vs +4.5%).
- On earnings, Laboratory Corporation of America Holdings is the cheaper stock (28.0x vs 38.9x).
- Mettler-Toledo International's price assumes faster free cash flow growth: about 14% a year, against 6% for Laboratory Corporation of America Holdings (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | LH | MTD |
|---|---|---|
| Market cap | $25.9B | $33.4B |
| Share price | $312.15 | $1,549.99 |
| Revenue (last fiscal year) | $14.0B | $4.0B |
| Free cash flow (last fiscal year) | $1.2B | $849M |
| Revenue growth, last year | +5.8% | +4.5% |
| Revenue growth per year, last 5 fiscal years | +1.5% | +2.0% |
| Operating margin | 10.4% | — |
| Net margin | 7.0% | 21.9% |
| Return on equity | 11.7% | 7062.4% |
| P/E (trailing) | 28.0x | 38.9x |
| Price / free cash flow | 21.5x | 39.4x |
| EV / EBITDA | 13.2x | 28.4x |
| FCF growth the price implies | 5.9% | 13.9% |
| Dividend yield | 0.92% | — |
| Debt / equity | 1.15x | 285.3x |
| Fundamental grade | C | C |
| Superinvestors holding it | 7 | 5 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Laboratory Corporation of America Holdings
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.1B | $2.7B | 23.2% |
| 2022 | $11.9B | $1.5B | 12.1% |
| 2023 | $12.2B | $874M | 6.0% |
| 2024 | $13.0B | $1.1B | 8.4% |
| 2025 | $14.0B | $1.2B | 9.9% |
Mettler-Toledo International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.7B | $801M | — |
| 2022 | $3.9B | $738M | — |
| 2023 | $3.8B | $861M | — |
| 2024 | $3.9B | $864M | — |
| 2025 | $4.0B | $849M | — |
Where the revenue comes from
Laboratory Corporation of America Holdings · by segments, 2025
Mettler-Toledo International · by segments, 2025
Questions
Which is bigger, Laboratory Corporation of America Holdings or Mettler-Toledo International?
Mettler-Toledo International (MTD), at $33.4B against $25.9B.
Is LH or MTD cheaper?
By trailing P/E, Laboratory Corporation of America Holdings (28.0x) is cheaper than Mettler-Toledo International (38.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, LH or MTD?
Laboratory Corporation of America Holdings: revenue grew +5.8% over the last year, against +4.5%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.