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Side-by-side financial comparison of Mettler Toledo (MTD) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Mettler Toledo is the larger business by last-quarter revenue ($1.1B vs $677.0M, roughly 1.7× Spectrum Brands Holdings, Inc.). Mettler Toledo runs the higher net margin — 25.3% vs 4.2%, a 21.1% gap on every dollar of revenue. On growth, Mettler Toledo posted the faster year-over-year revenue change (8.1% vs -3.3%). Mettler Toledo produced more free cash flow last quarter ($184.1M vs $59.3M). Over the past eight quarters, Mettler Toledo's revenue compounded faster (10.5% CAGR vs -2.9%).

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.

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

MTD vs SPB — Head-to-Head

Bigger by revenue
MTD
MTD
1.7× larger
MTD
$1.1B
$677.0M
SPB
Growing faster (revenue YoY)
MTD
MTD
+11.4% gap
MTD
8.1%
-3.3%
SPB
Higher net margin
MTD
MTD
21.1% more per $
MTD
25.3%
4.2%
SPB
More free cash flow
MTD
MTD
$124.8M more FCF
MTD
$184.1M
$59.3M
SPB
Faster 2-yr revenue CAGR
MTD
MTD
Annualised
MTD
10.5%
-2.9%
SPB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MTD
MTD
SPB
SPB
Revenue
$1.1B
$677.0M
Net Profit
$285.8M
$28.4M
Gross Margin
59.8%
35.7%
Operating Margin
29.1%
4.0%
Net Margin
25.3%
4.2%
Revenue YoY
8.1%
-3.3%
Net Profit YoY
13.3%
20.9%
EPS (diluted)
$13.91
$1.21

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
SPB
SPB
Q4 25
$1.1B
$677.0M
Q3 25
$1.0B
$733.5M
Q2 25
$983.2M
$699.6M
Q1 25
$883.7M
$675.7M
Q4 24
$1.0B
$700.2M
Q3 24
$954.5M
$773.8M
Q2 24
$946.8M
$779.4M
Q1 24
$925.9M
$718.5M
Net Profit
MTD
MTD
SPB
SPB
Q4 25
$285.8M
$28.4M
Q3 25
$217.5M
$55.6M
Q2 25
$202.3M
$19.9M
Q1 25
$163.6M
$900.0K
Q4 24
$252.3M
$23.5M
Q3 24
$211.5M
$28.5M
Q2 24
$221.8M
$6.1M
Q1 24
$177.5M
$61.1M
Gross Margin
MTD
MTD
SPB
SPB
Q4 25
59.8%
35.7%
Q3 25
59.2%
35.0%
Q2 25
59.0%
37.8%
Q1 25
59.5%
37.5%
Q4 24
61.2%
36.8%
Q3 24
60.0%
37.2%
Q2 24
59.7%
38.9%
Q1 24
59.2%
38.1%
Operating Margin
MTD
MTD
SPB
SPB
Q4 25
29.1%
4.0%
Q3 25
26.1%
4.0%
Q2 25
25.3%
4.5%
Q1 25
22.9%
2.9%
Q4 24
30.1%
6.4%
Q3 24
27.1%
2.8%
Q2 24
25.7%
6.1%
Q1 24
23.8%
10.6%
Net Margin
MTD
MTD
SPB
SPB
Q4 25
25.3%
4.2%
Q3 25
21.1%
7.6%
Q2 25
20.6%
2.8%
Q1 25
18.5%
0.1%
Q4 24
24.1%
3.4%
Q3 24
22.2%
3.7%
Q2 24
23.4%
0.8%
Q1 24
19.2%
8.5%
EPS (diluted)
MTD
MTD
SPB
SPB
Q4 25
$13.91
$1.21
Q3 25
$10.57
$2.19
Q2 25
$9.76
$0.80
Q1 25
$7.81
$0.03
Q4 24
$11.91
$0.84
Q3 24
$9.96
$1.03
Q2 24
$10.37
$0.21
Q1 24
$8.24
$2.01

Balance Sheet & Financial Strength

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

Metric
MTD
MTD
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$126.6M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$-23.6M
$1.9B
Total Assets
$3.7B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTD
MTD
SPB
SPB
Q4 25
$126.6M
Q3 25
$69.1M
$123.6M
Q2 25
$61.8M
$122.0M
Q1 25
$96.0M
Q4 24
$59.4M
$179.9M
Q3 24
$71.6M
$368.9M
Q2 24
$70.8M
$306.8M
Q1 24
$1.2B
Total Debt
MTD
MTD
SPB
SPB
Q4 25
$2.1B
Q3 25
$2.1B
$496.1M
Q2 25
$2.1B
Q1 25
Q4 24
$1.8B
Q3 24
$1.9B
$496.1M
Q2 24
$1.7B
Q1 24
Stockholders' Equity
MTD
MTD
SPB
SPB
Q4 25
$-23.6M
$1.9B
Q3 25
$-249.2M
$1.9B
Q2 25
$-258.8M
$1.9B
Q1 25
$-182.0M
$1.9B
Q4 24
$-126.9M
$2.0B
Q3 24
$-154.4M
$2.1B
Q2 24
$-152.8M
$2.1B
Q1 24
$-158.7M
$2.3B
Total Assets
MTD
MTD
SPB
SPB
Q4 25
$3.7B
$3.4B
Q3 25
$3.5B
$3.4B
Q2 25
$3.4B
$3.5B
Q1 25
$3.2B
$3.5B
Q4 24
$3.2B
$3.6B
Q3 24
$3.3B
$3.8B
Q2 24
$3.2B
$3.8B
Q1 24
$3.3B
$4.8B
Debt / Equity
MTD
MTD
SPB
SPB
Q4 25
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
Q1 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
SPB
SPB
Operating Cash FlowLast quarter
$225.6M
$67.4M
Free Cash FlowOCF − Capex
$184.1M
$59.3M
FCF MarginFCF / Revenue
16.3%
8.8%
Capex IntensityCapex / Revenue
3.7%
1.2%
Cash ConversionOCF / Net Profit
0.79×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$848.6M
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTD
MTD
SPB
SPB
Q4 25
$225.6M
$67.4M
Q3 25
$299.4M
$171.1M
Q2 25
$236.4M
$81.8M
Q1 25
$194.4M
$23.1M
Q4 24
$266.2M
$-72.4M
Q3 24
$254.7M
$80.7M
Q2 24
$257.5M
$82.7M
Q1 24
$190.0M
$3.5M
Free Cash Flow
MTD
MTD
SPB
SPB
Q4 25
$184.1M
$59.3M
Q3 25
$274.9M
$157.9M
Q2 25
$212.5M
$71.8M
Q1 25
$177.2M
$13.9M
Q4 24
$224.9M
$-78.3M
Q3 24
$233.2M
$67.7M
Q2 24
$233.7M
$72.6M
Q1 24
$172.6M
$-9.0M
FCF Margin
MTD
MTD
SPB
SPB
Q4 25
16.3%
8.8%
Q3 25
26.7%
21.5%
Q2 25
21.6%
10.3%
Q1 25
20.1%
2.1%
Q4 24
21.5%
-11.2%
Q3 24
24.4%
8.7%
Q2 24
24.7%
9.3%
Q1 24
18.6%
-1.3%
Capex Intensity
MTD
MTD
SPB
SPB
Q4 25
3.7%
1.2%
Q3 25
2.4%
1.8%
Q2 25
2.4%
1.4%
Q1 25
2.0%
1.4%
Q4 24
3.9%
0.8%
Q3 24
2.2%
1.7%
Q2 24
2.5%
1.3%
Q1 24
1.9%
1.7%
Cash Conversion
MTD
MTD
SPB
SPB
Q4 25
0.79×
2.37×
Q3 25
1.38×
3.08×
Q2 25
1.17×
4.11×
Q1 25
1.19×
25.67×
Q4 24
1.06×
-3.08×
Q3 24
1.20×
2.83×
Q2 24
1.16×
13.56×
Q1 24
1.07×
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTD
MTD

Products$857.0M76%
Services$272.8M24%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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