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Side-by-side financial comparison of Mettler Toledo (MTD) and NCR Atleos Corp (NATL). Click either name above to swap in a different company.

NCR Atleos Corp is the larger business by last-quarter revenue ($1.2B vs $947.1M, roughly 1.2× Mettler Toledo). Mettler Toledo runs the higher net margin — 17.9% vs 7.2%, a 10.7% gap on every dollar of revenue. On growth, Mettler Toledo posted the faster year-over-year revenue change (7.2% vs 4.0%). Over the past eight quarters, NCR Atleos Corp's revenue compounded faster (4.9% CAGR vs 0.0%).

Mettler Toledo, stylized in all caps, is a multinational supplier of precision instruments and services. The company focuses on laboratory, industrial, product inspection, and food retailing applications. Its products are used in research, quality control, and manufacturing processes in life sciences, food, chemical, and many other industries.

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.

MTD vs NATL — Head-to-Head

Bigger by revenue
NATL
NATL
1.2× larger
NATL
$1.2B
$947.1M
MTD
Growing faster (revenue YoY)
MTD
MTD
+3.2% gap
MTD
7.2%
4.0%
NATL
Higher net margin
MTD
MTD
10.7% more per $
MTD
17.9%
7.2%
NATL
Faster 2-yr revenue CAGR
NATL
NATL
Annualised
NATL
4.9%
0.0%
MTD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTD
MTD
NATL
NATL
Revenue
$947.1M
$1.2B
Net Profit
$169.5M
$83.0M
Gross Margin
58.7%
Operating Margin
13.5%
Net Margin
17.9%
7.2%
Revenue YoY
7.2%
4.0%
Net Profit YoY
3.6%
102.4%
EPS (diluted)
$1.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTD
MTD
NATL
NATL
Q1 26
$947.1M
Q4 25
$1.1B
$1.2B
Q3 25
$1.0B
$1.1B
Q2 25
$983.2M
$1.1B
Q1 25
$883.7M
$979.0M
Q4 24
$1.0B
$1.1B
Q3 24
$954.5M
$1.1B
Q2 24
$946.8M
$1.1B
Net Profit
MTD
MTD
NATL
NATL
Q1 26
$169.5M
Q4 25
$285.8M
$83.0M
Q3 25
$217.5M
$26.0M
Q2 25
$202.3M
$39.0M
Q1 25
$163.6M
$14.0M
Q4 24
$252.3M
$41.0M
Q3 24
$211.5M
$21.0M
Q2 24
$221.8M
$27.0M
Gross Margin
MTD
MTD
NATL
NATL
Q1 26
58.7%
Q4 25
59.8%
Q3 25
59.2%
Q2 25
59.0%
Q1 25
59.5%
Q4 24
61.2%
Q3 24
60.0%
Q2 24
59.7%
Operating Margin
MTD
MTD
NATL
NATL
Q1 26
Q4 25
29.1%
13.5%
Q3 25
26.1%
9.8%
Q2 25
25.3%
10.8%
Q1 25
22.9%
9.5%
Q4 24
30.1%
13.4%
Q3 24
27.1%
10.6%
Q2 24
25.7%
9.8%
Net Margin
MTD
MTD
NATL
NATL
Q1 26
17.9%
Q4 25
25.3%
7.2%
Q3 25
21.1%
2.3%
Q2 25
20.6%
3.5%
Q1 25
18.5%
1.4%
Q4 24
24.1%
3.7%
Q3 24
22.2%
2.0%
Q2 24
23.4%
2.5%
EPS (diluted)
MTD
MTD
NATL
NATL
Q1 26
Q4 25
$13.91
$1.09
Q3 25
$10.57
$0.34
Q2 25
$9.76
$0.52
Q1 25
$7.81
$0.19
Q4 24
$11.91
$0.56
Q3 24
$9.96
$0.28
Q2 24
$10.37
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTD
MTD
NATL
NATL
Cash + ST InvestmentsLiquidity on hand
$60.6M
$456.0M
Total DebtLower is stronger
$2.2B
$2.7B
Stockholders' EquityBook value
$-41.9M
$403.0M
Total Assets
$3.7B
$5.7B
Debt / EquityLower = less leverage
6.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTD
MTD
NATL
NATL
Q1 26
$60.6M
Q4 25
$456.0M
Q3 25
$69.1M
$412.0M
Q2 25
$61.8M
$357.0M
Q1 25
$352.0M
Q4 24
$59.4M
$419.0M
Q3 24
$71.6M
$395.0M
Q2 24
$70.8M
$374.0M
Total Debt
MTD
MTD
NATL
NATL
Q1 26
$2.2B
Q4 25
$2.1B
$2.7B
Q3 25
$2.1B
$2.8B
Q2 25
$2.1B
$2.8B
Q1 25
Q4 24
$1.8B
$2.9B
Q3 24
$1.9B
Q2 24
$1.7B
Stockholders' Equity
MTD
MTD
NATL
NATL
Q1 26
$-41.9M
Q4 25
$-23.6M
$403.0M
Q3 25
$-249.2M
$330.0M
Q2 25
$-258.8M
$350.0M
Q1 25
$-182.0M
$275.0M
Q4 24
$-126.9M
$219.0M
Q3 24
$-154.4M
$264.0M
Q2 24
$-152.8M
$250.0M
Total Assets
MTD
MTD
NATL
NATL
Q1 26
$3.7B
Q4 25
$3.7B
$5.7B
Q3 25
$3.5B
$5.7B
Q2 25
$3.4B
$5.8B
Q1 25
$3.2B
$5.7B
Q4 24
$3.2B
$5.5B
Q3 24
$3.3B
$5.7B
Q2 24
$3.2B
$5.8B
Debt / Equity
MTD
MTD
NATL
NATL
Q1 26
Q4 25
6.63×
Q3 25
8.45×
Q2 25
8.05×
Q1 25
Q4 24
13.05×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTD
MTD
NATL
NATL
Operating Cash FlowLast quarter
$139.8M
$231.0M
Free Cash FlowOCF − Capex
$194.0M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
0.82×
2.78×
TTM Free Cash FlowTrailing 4 quarters
$239.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTD
MTD
NATL
NATL
Q1 26
$139.8M
Q4 25
$225.6M
$231.0M
Q3 25
$299.4M
$25.0M
Q2 25
$236.4M
$-23.0M
Q1 25
$194.4M
$123.0M
Q4 24
$266.2M
$80.0M
Q3 24
$254.7M
$107.0M
Q2 24
$257.5M
$9.0M
Free Cash Flow
MTD
MTD
NATL
NATL
Q1 26
Q4 25
$184.1M
$194.0M
Q3 25
$274.9M
$-5.0M
Q2 25
$212.5M
$-44.0M
Q1 25
$177.2M
$94.0M
Q4 24
$224.9M
$62.0M
Q3 24
$233.2M
$85.0M
Q2 24
$233.7M
$-14.0M
FCF Margin
MTD
MTD
NATL
NATL
Q1 26
Q4 25
16.3%
16.8%
Q3 25
26.7%
-0.4%
Q2 25
21.6%
-4.0%
Q1 25
20.1%
9.6%
Q4 24
21.5%
5.6%
Q3 24
24.4%
7.9%
Q2 24
24.7%
-1.3%
Capex Intensity
MTD
MTD
NATL
NATL
Q1 26
Q4 25
3.7%
3.2%
Q3 25
2.4%
2.7%
Q2 25
2.4%
1.9%
Q1 25
2.0%
3.0%
Q4 24
3.9%
1.6%
Q3 24
2.2%
2.1%
Q2 24
2.5%
2.1%
Cash Conversion
MTD
MTD
NATL
NATL
Q1 26
0.82×
Q4 25
0.79×
2.78×
Q3 25
1.38×
0.96×
Q2 25
1.17×
-0.59×
Q1 25
1.19×
8.79×
Q4 24
1.06×
1.95×
Q3 24
1.20×
5.10×
Q2 24
1.16×
0.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTD
MTD

Segment breakdown not available.

NATL
NATL

Services$848.0M74%
APJ$136.0M12%
Americas Excluding United States$135.0M12%
TT$44.0M4%

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