Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Mettler-Toledo International Inc
Physical assets are 33.2% of total assets, a mixed footprint. Capex is 0.85x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 45.0%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 4.76x. Compare it with other names in the same basket.
Physical asset ratio
33.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.76x
Revenue per dollar of the physical asset base.
Capex / D&A
0.85x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-€51.00
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price €1.46K.
Fixed-charge coverage
8.58x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
2.9%
Latest free cash flow divided by current market cap (€29.15B).
ROIC
45.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.32x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 37.7% | 4.09x | 1.69x | -€6.50 | 7.46x | €422.28M | 37.1% | 0.95x |
| 2019 | 39.8% | 3.60x | 1.10x | -€13.32 | 7.61x | €506.11M | 39.9% | 0.87x |
| 2020 | 42.5% | 3.44x | 0.94x | -€19.78 | 8.92x | €632.21M | 41.4% | 0.87x |
| 2021 | 40.1% | 4.05x | 1.00x | -€34.35 | 6.88x | €801.25M | 45.9% | 1.08x |
| 2022 | 38.2% | 4.39x | 1.07x | -€42.52 | 6.92x | €737.83M | 47.2% | 1.26x |
| 2023 | 35.4% | 4.72x | 0.87x | -€51.35 | 3.96x | €883.08M | 47.0% | 1.34x |
| 2024 | 34.3% | 5.03x | 0.84x | -€50.26 | 4.40x | €864.45M | 51.3% | 1.46x |
| 2025 | 33.2% | 4.76x | 0.85x | -€51.00 | 8.58x | €848.65M | 45.0% | 1.32x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €845.64M
Inventory: €387.23M
Total assets: €3.71B
Goodwill: €739.23M
Intangibles: €278.91M
Liabilities: €3.74B
Tangible book: -€1.04B
Shares: 20,428,445
Revenue: €4.03B
Capex: €107.12M
D&A: €125.61M
EBITDA: €1.24B
Interest: €68.52M
Short-term debt: €63.93M
Free cash flow: €848.65M
Operating income: €1.12B
Invested capital: €2.06B
Tax rate: 17.1%