Mettler Toledo International (MTD) FY2025 results: revenue $4.0 billion, up 4.0% on the year

Mettler-Toledo supplies precision instruments and the services that go with them, used in research and development, quality control and manufacturing across industries including life sciences, food and chemicals. The filing describes it as a leading global supplier holding global number-one market positions in most of its businesses. Products sell in more than 140 countries, with a direct presence in approximately 40. Net sales in 2025 came 42 percent from North and South America, 29 percent from Europe and 29 percent from Asia and other countries. The company was incorporated in Delaware in 1991 and went public in 1997. Five reportable segments follow geography rather than product: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other Operations.

Laboratory instruments

This is the larger half of the business, approximately 56 percent of net sales in both 2025 and 2024 against 55 percent in 2023, counting the related service. The range covers sample preparation, synthesis, analytical bench top work, material characterisation and in-line measurement: laboratory balances, liquid pipetting, automated laboratory reactors with real-time analytics, titrators, pH meters, process analytics sensors and analyser technology, density and refractometry instruments, thermal analysis systems, and other analytical instruments including UV/VIS spectrophotometers, moisture analysers and cell counters. Laboratory balances weigh from one ten-millionth of a gram upwards. The instruments carry embedded software, and LabX is the separate laboratory software platform that manages and analyses the data they generate and automates workflows.

Industrial instruments

Approximately 39 percent of net sales in 2025, 2024 and 2023, again including service. It covers industrial weighing instruments with their terminals and dedicated software for the pharmaceutical, chemical, food, discrete manufacturing and other industries; metal detection, x-ray, checkweighing and other end-of-line product inspection systems used in production and packaging; automatic identification and data capture systems that combine in-motion weighing, dimensioning and identification for transport, shipping and logistics customers; and heavy industrial scales with their software.

Retail

Approximately 5 percent of net sales in 2025 and 2024, against 6 percent in 2023. Supermarkets, hypermarkets and other food retailers use weighing and food labelling equipment for fresh goods such as meat, vegetables, fruit and cheese. The offering integrates counter, self-service, backroom and checkout functions and feeds fresh goods data into a store's wider food item and inventory management, and it extends to self-checkout, unmanned stores and image recognition for fresh goods. In North America and selected other markets it also includes automated packaging and labelling for the meat backroom, integrated with the scales in the store.

Service

Service, meaning service contracts, on-demand work and replacement parts, was approximately 25 percent of net sales in 2025, 24 percent in 2024 and 23 percent in 2023. The focus is uptime and calibration, widening into regulatory compliance, performance enhancement, application expertise and training, and remote services. For pharmaceutical customers the company promotes the use of its instruments in compliance with FDA and other international regulations, and it can provide those services at most customer locations worldwide. The filing states the company estimates it has the largest installed base of weighing instruments in the world, and that the global service network is an important factor in expanding in emerging markets.

Selling and building

Customers are life science companies, independent research organisations and testing labs, food manufacturers, chemical, specialty chemical and cosmetics companies, the academic community, food retailers, transport and logistics, metals and electronics. No single end-customer accounted for more than 1 percent of 2025 net sales. More technically sophisticated products go through the direct sales force and simpler ones through indirect channels, with direct exceeding indirect overall; a substantial part of Americas sales runs through indirect channels, including Ohaus-branded products aimed at markets such as education where customers want lower cost, fewer features and less service. Geographically focused market organisations own all aspects of sales and service, and at the end of 2025 the sales and service group ran to approximately 9,300 people across approximately 40 countries. Research, product development and manufacturing sit in separate producing organisations, with regional logistics hubs behind them. Manufacturing is principally in China, Switzerland, the United States, Germany, the United Kingdom and Mexico, and all major plants hold ISO 9001 certification.

From Mettler-Toledo's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 6 February 2026: read the full 10-K.