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Illumina vs Mettler Toledo

Illumina and Mettler Toledo are similar in size: $4.34bn and $4.03bn of revenue in their latest fiscal years. Mettler Toledo grew faster (4.0% against -0.7%). Mettler Toledo kept more of each dollar of sales as profit: a net margin of 21.6% against 19.6%.

Latest fiscal yearIlluminaILMN, 2025Mettler ToledoMTD, 2025
Revenue $4.34bn $4.03bn
Revenue growth -0.7% 4.0%
Net income $850m $869m
Operating margin 18.6% —
Net margin 19.6% 21.6%
Return on equity 33.4% —
Free cash flow $931m $849m
Cash $1.42bn $66.9m
Total debt $1.99bn $2.15bn
Debt to equity 73.0% —
Dividend per share — —
Dividend yield — —
Share buybacks $742m $800m
Employees 8,600 16,600
Market value $36.51bn $36.76bn
Price vs our value range Above our value range Above our value range
Moat score 70 (Strong) 90 (Strong)
Insider trades, 12 months 2 buys, 113 sales 0 buys, 19 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.