Also trades as: 0K10.L (LSE) · $vol 0M

$1,103.09

+12.64 (+1.16%)

Weekly Expected Move ±8.5%

$857 $944 $1032 $1120 $1207

NYSE · Healthcare · Medical - Diagnostics & Research · Alpha Radar Strong Sell · Power 30 · $22.3B mcap · 20M float · 0.878% daily turnover · Short 56% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

55.0 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 42.1%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MTD has a Narrow competitive edge (55.0/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Cost Advantage. ROIC of 42.1% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$1194

Low

$1297

Avg Target

$1400

High

Based on 2 analysts since May 7, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 8Hold: 11Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$1364.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-18	Stifel Nicolaus	Daniel Arias	$1450	$1400	-50	+35.7%	$1031.64
2026-05-11	Robert W. Baird	—	$1445	$1194	-251	+6.2%	$1124.46
2026-04-14	Barclays	—	$1550	$1500	-50	+11.5%	$1345.89
2026-02-09	Morgan Stanley	Kallum Titchmarsh	$1550	$1475	-75	+6.7%	$1382.72
2026-02-09	Robert W. Baird	Catherine Ramsey Schulte	$1034	$1445	+411	+5.2%	$1373.57
2025-12-15	Wells Fargo	—	$1410	$1450	+40	+4.0%	$1393.64
2025-12-15	Susquehanna	—	Initiated	$1600	—	+14.8%	$1393.64
2025-12-15	Barclays	—	$1350	$1550	+200	+11.2%	$1393.64
2025-12-09	Goldman Sachs	—	Initiated	$1475	—	+6.8%	$1381.37
2025-12-01	Morgan Stanley	Kallum Titchmarsh	Initiated	$1550	—	+5.6%	$1468.09
2025-10-07	Evercore ISI	—	Initiated	$1400	—	+4.1%	$1345.27
2025-10-02	Barclays	—	$1325	$1350	+25	+4.7%	$1289.82
2025-06-24	Barclays	—	Initiated	$1325	—	+11.8%	$1185.18
2025-05-19	UBS	Dan Leonard	$1237	$1350	+113	+16.5%	$1159.10
2025-05-04	Jefferies	Tycho Peterson	$1250	$1100	-150	-0.0%	$1100.01
2025-04-22	Robert W. Baird	—	$1375	$1034	-341	+3.1%	$1003.16
2024-11-11	Stifel Nicolaus	Daniel Arias	$1550	$1450	-100	+5.2%	$1378.34
2024-08-05	Stifel Nicolaus	Daniel Arias	$1510	$1550	+40	+7.5%	$1441.43
2024-08-05	Robert W. Baird	Catherine Schulte	$1360	$1375	+15	-4.6%	$1441.43
2024-06-03	Jefferies	Tycho Peterson	Initiated	$1250	—	-11.0%	$1404.09
2024-05-13	Stifel Nicolaus	Daniel Arias	$1500	$1510	+10	-0.0%	$1510.25
2024-05-13	Robert W. Baird	Catherine Schulte	Initiated	$1360	—	-6.2%	$1449.38
2022-09-06	Stifel Nicolaus	Daniel Arias	Initiated	$1500	—	+25.5%	$1195.02
2022-07-31	UBS	Elizabeth Garcia	Initiated	$1237	—	-8.4%	$1349.73
2022-04-25	Wells Fargo	—	Initiated	$1410	—	+9.8%	$1284.63

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MTD receives an overall rating of C+. Strongest factors: ROA (5/5). Areas of concern: ROE (1/5), D/E (1/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-01-05	B-	C+
2026-01-03	C+	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 60 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MTD scores highest in Safety (100/100) and lowest in Value (35/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

9.76

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✗ ✓ ✓ ✓ ✓ ✓ ✗

Beneish M-Score

-2.35

Unlikely Manipulator

Ohlson O-Score

-6.94

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 86.5/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.03x

Accruals: -0.7%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. MTD scores 9.76, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MTD scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MTD's score of -2.35 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MTD's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MTD receives an estimated rating of AA (score: 86.5/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MTD's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

25.57x

PEG

4.17x

P/S

5.45x

P/B

-534.28x

P/FCF

32.23x

P/OCF

28.39x

EV/EBITDA

22.49x

EV/Revenue

6.81x

EV/EBIT

24.37x

EV/FCF

35.10x

Earnings Yield

3.42%

FCF Yield

3.10%

Shareholder Yield

3.08%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 25.6x earnings, MTD commands a growth premium.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.828

NI / EBT

Interest Burden

0.924

EBT / EBIT

EBIT Margin

0.280

EBIT / Rev

Asset Turnover

1.176

Rev / Assets

Equity Multiplier

-46.189

Assets / Equity

ROE

-1162.7%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MTD's ROE of -1162.7% is driven by Asset Turnover (1.176), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

2.67%

Fair P/E

13.84x

Intrinsic Value

$597.12

Price/Value

2.11x

Margin of Safety

-111.22%

Premium

111.22%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MTD's realized 2.7% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. MTD trades at a 111% premium to its adjusted intrinsic value of $597.12, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 13.8x compares to the current market P/E of 25.6x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1104.04

Median 1Y

$1117.04

5th Pctile

$652.99

95th Pctile

$1915.54

Ann. Volatility

32.4%

Analyst Target

$1364.67

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Patrick Kaltenbach President and Chief Executive Officer	$1,145,999	$3,267,808	$6,741,212
Shawn P. Vadala Chief Financial Officer	$490,000	$1,109,148	$2,384,852
Susan Graham-Bryce Human Human Resources Officer	$396,539	$845,324	$2,349,301
Marc de La Guéronnière Head of EU and NA	$312,535	$616,380	$1,553,117
Richard Wong Head of Asia and Pacific	$424,542	$392,439	$1,209,304

CEO Pay Ratio

63:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $6,741,212

Avg Employee Cost (SGA/emp): $107,346

Employees: 9,300

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

9,300

-46.2% YoY

Revenue / Employee

$432,946

Rev: $4,026,399,000

Profit / Employee

$93,462

NI: $869,193,000

SGA / Employee

$107,346

Avg labor cost proxy

R&D / Employee

$21,438

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	2.0%	2.1%	3.4%	3.5%	3.6%	3.7%	8.9%	9.0%	9.1%	8.9%	-12.6%	-12.4%	-12.6%	-12.7%	-6.2%	-6.1%	-6.0%	-6.0%	-11.5%	-11.6%	-11.63%
ROA	25.4%	26.9%	25.0%	25.8%	26.7%	27.3%	25.6%	26.0%	26.1%	25.5%	23.0%	22.7%	22.9%	23.2%	26.2%	25.8%	25.2%	25.3%	25.0%	25.2%	25.17%
ROIC	48.8%	51.6%	43.0%	44.3%	46.0%	47.1%	44.6%	45.7%	46.3%	45.9%	44.2%	43.9%	44.3%	44.5%	48.2%	47.0%	45.7%	46.1%	41.1%	42.1%	42.10%
ROCE	47.0%	49.3%	45.5%	46.9%	48.2%	49.7%	48.1%	49.1%	49.8%	49.0%	48.8%	48.6%	47.7%	48.0%	54.1%	52.9%	52.9%	53.3%	44.4%	45.5%	45.46%
Gross Margin	56.3%	56.7%	56.9%	56.0%	56.8%	57.6%	58.2%	56.9%	57.6%	57.4%	57.1%	57.2%	57.8%	58.1%	59.4%	57.6%	57.2%	57.2%	58.0%	58.7%	58.68%
Operating Margin	25.9%	27.0%	29.1%	25.0%	27.5%	29.5%	32.3%	26.8%	29.5%	29.5%	28.2%	26.9%	28.1%	29.2%	31.9%	24.8%	27.0%	28.2%	30.4%	26.0%	26.00%
Net Margin	20.0%	21.4%	22.3%	19.4%	21.7%	22.4%	25.1%	20.3%	21.8%	21.4%	19.8%	19.2%	23.4%	22.2%	24.1%	18.5%	20.6%	21.1%	25.3%	17.9%	17.89%
EBITDA Margin	29.0%	30.1%	31.4%	28.2%	30.5%	32.5%	35.0%	29.8%	32.1%	32.3%	30.5%	29.5%	31.2%	32.6%	34.8%	28.1%	30.1%	31.0%	33.4%	26.0%	26.00%
FCF Margin	22.4%	22.5%	21.6%	19.4%	17.9%	17.2%	18.8%	20.2%	21.7%	22.6%	22.7%	23.9%	24.0%	23.6%	22.3%	22.7%	21.9%	22.6%	21.1%	19.4%	19.41%
OCF Margin	25.3%	25.4%	24.4%	22.1%	21.1%	20.4%	21.9%	23.3%	24.5%	25.3%	25.5%	26.5%	26.5%	26.1%	25.0%	25.4%	24.6%	25.3%	23.7%	22.0%	22.03%
ROA 3Y Avg	snapshot only																				24.32%
ROIC 3Y Avg	snapshot only																				45.35%
ROIC Economic	snapshot only																				42.10%
Cash ROA	snapshot only																				24.27%
Cash ROIC	snapshot only																				40.00%
CROIC	snapshot only																				35.24%
NOPAT Margin	snapshot only																				23.19%
Pretax Margin	snapshot only																				25.84%
R&D / Revenue	snapshot only																				5.00%
SGA / Revenue	snapshot only																				24.79%
SBC / Revenue	snapshot only																				0.56%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	45.74	42.71	51.25	39.88	31.95	29.27	37.12	38.39	32.59	27.88	33.35	36.87	38.05	40.13	29.92	29.02	29.42	30.22	32.69	29.24	25.572
P/S Ratio	9.38	8.90	10.60	8.30	6.78	6.29	8.26	8.62	7.32	6.20	6.94	7.58	7.97	8.49	6.67	6.43	6.31	6.41	7.06	6.26	5.450
P/B Ratio	115.28	113.99	229.90	184.57	152.94	142.99	1306.39	1373.47	1168.14	978.17	-175.45	-191.28	-199.40	-212.93	-203.49	-194.22	-192.36	-199.02	-1202.16	-1082.45	-534.284
P/FCF	41.91	39.60	49.19	42.83	37.90	36.61	43.90	42.77	33.74	27.46	30.57	31.76	33.27	35.93	29.87	28.36	28.79	28.39	33.48	32.23	32.229
P/OCF	37.01	35.08	43.36	37.63	32.19	30.77	37.70	36.95	29.88	24.55	27.24	28.61	30.10	32.46	26.66	25.33	25.65	25.35	29.73	28.39	28.392
EV/EBITDA	32.80	31.03	37.38	29.40	23.99	21.89	27.72	28.51	24.15	20.74	24.03	26.12	27.62	29.20	22.42	21.92	21.72	22.27	24.73	22.49	22.485
EV/Revenue	9.74	9.25	11.06	8.75	7.22	6.72	8.78	9.13	7.84	6.72	7.51	8.14	8.54	9.05	7.20	6.98	6.85	6.93	7.62	6.81	6.812
EV/EBIT	36.43	34.39	41.45	32.62	26.55	24.17	30.49	31.35	26.57	22.88	26.78	29.14	30.88	32.64	24.89	24.36	24.14	24.77	27.51	24.37	24.373
EV/FCF	43.50	41.12	51.31	45.14	40.36	39.15	46.66	45.32	36.11	29.77	33.04	34.11	35.63	38.32	32.27	30.74	31.23	30.72	36.16	35.10	35.097
Earnings Yield	2.2%	2.3%	2.0%	2.5%	3.1%	3.4%	2.7%	2.6%	3.1%	3.6%	3.0%	2.7%	2.6%	2.5%	3.3%	3.4%	3.4%	3.3%	3.1%	3.4%	3.42%
FCF Yield	2.4%	2.5%	2.0%	2.3%	2.6%	2.7%	2.3%	2.3%	3.0%	3.6%	3.3%	3.1%	3.0%	2.8%	3.3%	3.5%	3.5%	3.5%	3.0%	3.1%	3.10%
PEG Ratio	snapshot only																				4.169
EV/OCF	snapshot only																				30.919
EV/Gross Profit	snapshot only																				11.789
Acquirers Multiple	snapshot only																				24.330
Shareholder Yield	snapshot only																				3.08%

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	1.26	1.26	1.11	1.11	1.11	1.11	1.20	1.20	1.20	1.20	1.04	1.04	1.04	1.04	1.02	1.02	1.02	1.02	1.14	1.14	1.137
Quick Ratio	0.90	0.90	0.75	0.75	0.75	0.75	0.81	0.81	0.81	0.81	0.71	0.71	0.71	0.71	0.73	0.73	0.73	0.73	0.81	0.81	0.814
Debt/Equity	4.72	4.72	10.51	10.51	10.51	10.51	85.94	85.94	85.94	85.94	-14.65	-14.65	-14.65	-14.65	-16.79	-16.79	-16.79	-16.79	-99.14	-99.14	-99.144
Net Debt/Equity	4.39	4.39	9.93	9.93	9.93	9.93	82.07	82.07	82.07	82.07	—	—	—	—	—	—	—	—	—	—	—
Debt/Assets	0.47	0.47	0.54	0.54	0.54	0.54	0.61	0.61	0.61	0.61	0.65	0.65	0.65	0.65	0.66	0.66	0.66	0.66	0.63	0.63	0.631
Debt/EBITDA	1.29	1.24	1.64	1.59	1.55	1.50	1.72	1.68	1.66	1.68	1.86	1.86	1.89	1.88	1.71	1.75	1.75	1.74	1.89	1.89	1.891
Net Debt/EBITDA	1.20	1.15	1.55	1.50	1.46	1.42	1.64	1.61	1.59	1.61	1.80	1.80	1.83	1.82	1.67	1.70	1.70	1.69	1.83	1.84	1.837
Interest Coverage	23.98	23.61	22.94	22.66	22.17	21.63	20.38	18.50	16.97	15.42	13.73	13.48	13.28	13.65	15.02	15.22	15.70	16.00	16.28	16.60	16.599
Equity Multiplier	9.96	9.96	19.41	19.41	19.41	19.41	140.86	140.86	140.86	140.86	-22.38	-22.38	-22.38	-22.38	-25.53	-25.53	-25.53	-25.53	-157.08	-157.08	-157.076
Cash Ratio	snapshot only																				0.056
Debt Service Coverage	snapshot only																				17.992
Cash to Debt	snapshot only																				0.029
FCF to Debt	snapshot only																				0.339
Defensive Interval	snapshot only																				253.2 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	1.24	1.29	1.21	1.24	1.26	1.27	1.15	1.16	1.16	1.15	1.11	1.11	1.10	1.10	1.17	1.16	1.17	1.20	1.16	1.18	1.176
Inventory Turnover	5.23	5.44	4.52	4.66	4.71	4.73	3.92	3.93	3.92	3.88	3.91	3.90	3.86	3.86	4.45	4.39	4.45	4.56	4.69	4.73	4.733
Receivables Turnover	5.99	6.24	5.99	6.14	6.23	6.28	5.78	5.82	5.83	5.77	5.52	5.51	5.46	5.48	5.73	5.67	5.72	5.84	5.50	5.58	5.582
Payables Turnover	8.28	8.61	7.17	7.39	7.48	7.50	6.39	6.41	6.38	6.32	7.00	6.98	6.90	6.90	7.60	7.50	7.60	7.79	7.09	7.16	7.157
DSO	61	59	61	59	59	58	63	63	63	63	66	66	67	67	64	64	64	63	66	65	65.4 days
DIO	70	67	81	78	77	77	93	93	93	94	93	93	95	95	82	83	82	80	78	77	77.1 days
DPO	44	42	51	49	49	49	57	57	57	58	52	52	53	53	48	49	48	47	51	51	51.0 days
Cash Conversion Cycle	87	83	91	88	87	87	99	99	99	100	107	107	108	108	98	99	98	96	93	92	91.5 days
Fixed Asset Turnover	snapshot only																				4.836
Operating Cycle	snapshot only																				142.5 days
Cash Velocity	snapshot only																				61.144
Capital Intensity	snapshot only																				0.908

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	18.3%	21.0%	20.5%	17.6%	11.3%	7.8%	5.4%	3.7%	2.3%	0.3%	-3.4%	-4.2%	-5.2%	-3.8%	2.2%	1.2%	3.1%	4.8%	4.0%	6.8%	6.78%
Net Income	30.3%	30.3%	27.6%	21.3%	15.2%	11.0%	13.5%	11.8%	8.3%	3.9%	-9.6%	-12.3%	-11.6%	-8.5%	9.4%	9.2%	5.6%	5.0%	0.7%	3.0%	3.04%
EPS	34.2%	34.9%	31.7%	24.6%	18.7%	14.9%	17.6%	15.8%	11.9%	7.3%	-6.6%	-9.4%	-8.7%	-6.0%	12.5%	12.7%	8.7%	8.7%	4.3%	6.0%	6.00%
FCF	44.9%	37.4%	26.7%	2.6%	-11.0%	-17.7%	-7.9%	7.8%	24.1%	31.9%	16.6%	13.4%	4.7%	0.6%	0.5%	-3.8%	-5.7%	0.1%	-1.8%	-8.7%	-8.65%
EBITDA	28.0%	28.0%	24.1%	19.1%	12.8%	11.1%	12.9%	11.6%	10.3%	5.9%	-4.7%	-6.8%	-9.7%	-8.0%	5.2%	3.3%	5.1%	5.2%	-0.2%	1.7%	1.67%
Op. Income	29.6%	29.5%	26.9%	19.8%	13.2%	11.9%	13.2%	12.5%	11.2%	6.6%	-4.1%	-6.1%	-9.8%	-8.7%	4.4%	1.6%	3.9%	4.9%	-0.8%	4.3%	4.34%
OCF Growth	snapshot only																				-7.37%
Asset Growth	snapshot only																				14.59%
Debt Growth	snapshot only																				9.96%
Shares Change	snapshot only																				-2.79%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	6.7%	7.7%	8.2%	8.9%	9.3%	9.3%	9.2%	9.9%	10.4%	9.3%	7.1%	5.3%	2.6%	1.3%	1.4%	0.2%	0.0%	0.4%	0.9%	1.2%	1.16%
Revenue 5Y	7.4%	7.9%	8.2%	8.3%	8.2%	8.0%	7.5%	7.2%	6.7%	6.2%	5.2%	5.1%	4.8%	4.8%	5.2%	5.2%	5.6%	5.7%	5.5%	4.8%	4.77%
EPS 3Y	26.5%	26.6%	18.1%	17.9%	18.2%	18.8%	19.5%	21.0%	21.3%	18.5%	13.1%	9.3%	6.6%	5.0%	7.3%	5.7%	3.6%	3.1%	3.1%	2.7%	2.67%
EPS 5Y	18.1%	18.6%	18.1%	17.4%	17.0%	17.4%	22.1%	22.5%	21.9%	20.1%	12.6%	11.5%	11.0%	11.1%	12.4%	12.6%	12.1%	11.2%	11.1%	9.3%	9.32%
Net Income 3Y	22.6%	22.7%	14.5%	14.3%	14.5%	15.1%	15.9%	17.5%	17.6%	14.5%	9.4%	5.9%	3.3%	1.8%	3.9%	2.3%	0.4%	-0.1%	-0.1%	-0.4%	-0.45%
Net Income 5Y	14.8%	15.3%	14.9%	14.0%	13.6%	13.9%	18.3%	18.7%	18.1%	16.3%	9.0%	7.9%	7.5%	7.7%	9.0%	9.2%	8.7%	7.6%	7.6%	6.0%	5.99%
EBITDA 3Y	13.1%	13.6%	12.6%	13.2%	13.5%	14.1%	15.4%	16.3%	16.8%	14.6%	10.1%	7.4%	4.0%	2.6%	4.2%	2.4%	1.6%	0.8%	-0.0%	-0.7%	-0.70%
EBITDA 5Y	13.0%	13.3%	12.9%	12.5%	12.1%	12.4%	12.7%	12.9%	12.5%	11.5%	8.9%	8.6%	7.8%	7.7%	9.0%	8.7%	8.6%	7.8%	7.0%	5.4%	5.41%
Gross Profit 3Y	7.4%	8.5%	8.8%	9.3%	9.7%	9.9%	9.8%	10.6%	11.3%	10.1%	7.5%	5.6%	2.8%	1.6%	2.2%	1.2%	0.9%	1.0%	1.1%	1.4%	1.39%
Gross Profit 5Y	7.5%	8.1%	8.3%	8.3%	8.4%	8.2%	7.9%	7.7%	7.4%	6.9%	5.8%	5.6%	5.4%	5.3%	5.9%	5.9%	6.3%	6.2%	5.8%	5.1%	5.11%
Op. Income 3Y	13.1%	13.6%	13.4%	14.0%	14.6%	15.1%	15.6%	16.9%	17.7%	15.6%	11.3%	8.2%	4.3%	2.9%	4.3%	2.4%	1.4%	0.7%	-0.2%	-0.1%	-0.15%
Op. Income 5Y	12.6%	12.9%	12.9%	12.5%	12.5%	12.8%	13.0%	13.1%	12.8%	11.9%	9.6%	9.4%	8.6%	8.2%	9.1%	8.8%	8.9%	8.2%	7.4%	6.1%	6.05%
FCF 3Y	26.2%	27.4%	23.8%	17.8%	15.6%	11.5%	13.4%	18.7%	16.9%	14.2%	10.8%	7.9%	4.9%	3.0%	2.6%	5.6%	7.0%	9.9%	4.8%	-0.1%	-0.10%
FCF 5Y	18.1%	18.4%	20.2%	16.5%	14.4%	14.1%	13.7%	15.4%	17.3%	17.6%	15.3%	14.9%	14.9%	13.0%	11.3%	12.8%	9.6%	8.5%	6.1%	2.0%	1.98%
OCF 3Y	18.6%	20.0%	17.2%	12.7%	12.4%	9.9%	12.5%	17.4%	15.7%	13.5%	10.0%	7.0%	4.1%	2.3%	2.1%	5.0%	5.3%	7.7%	3.6%	-0.7%	-0.74%
OCF 5Y	16.3%	16.5%	15.5%	12.1%	10.4%	9.6%	10.7%	11.9%	12.9%	13.2%	11.3%	11.3%	11.6%	10.4%	9.9%	11.3%	8.7%	8.1%	5.7%	2.0%	1.95%
Assets 3Y	3.3%	3.3%	8.3%	8.3%	8.3%	8.3%	7.8%	7.8%	7.8%	7.8%	6.0%	6.0%	6.0%	6.0%	-0.9%	-0.9%	-0.9%	-0.9%	2.1%	2.1%	2.06%
Assets 5Y	7.5%	7.5%	9.0%	9.0%	9.0%	9.0%	6.5%	6.5%	6.5%	6.5%	5.1%	5.1%	5.1%	5.1%	3.0%	3.0%	3.0%	3.0%	5.7%	5.7%	5.70%
Equity 3Y	-19.8%	-19.8%	-33.8%	-33.8%	-33.8%	-33.8%	-61.1%	-61.1%	-61.1%	-61.1%	—	—	—	—	—	—	—	—	—	—	—
Book Value 3Y	-17.2%	-17.2%	-31.7%	-31.7%	-31.6%	-31.6%	-59.9%	-59.9%	-59.9%	-59.7%	—	—	—	—	—	—	—	—	—	—	—
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	0.87	0.85	0.87	0.88	0.88	0.88	0.89	0.90	0.88	0.87	0.81	0.81	0.77	0.72	0.73	0.62	0.59	0.64	0.74	0.72	0.723
Earnings Stability	0.85	0.88	0.93	0.91	0.89	0.92	0.96	0.97	0.97	0.96	0.84	0.79	0.75	0.75	0.78	0.68	0.56	0.53	0.62	0.52	0.520
Margin Stability	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.99	0.991
Rev. Growth Consistency	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.88	0.88	0.89	0.91	0.94	0.96	0.95	0.95	0.97	0.98	0.96	0.95	0.95	0.97	0.96	0.96	0.98	0.98	1.00	0.99	0.988
Earnings Smoothness	0.74	0.74	0.76	0.81	0.86	0.90	0.87	0.89	0.92	0.96	0.90	0.87	0.88	0.91	0.91	0.91	0.95	0.95	0.99	0.97	0.970
ROE Trend	1.41	1.51	2.75	2.82	2.88	2.86	31.88	32.30	32.19	31.31	—	—	—	—	—	—	—	—	—	—	—
Gross Margin Trend	0.01	0.01	0.00	-0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.00	-0.00	-0.00	-0.000
FCF Margin Trend	0.06	0.04	0.03	0.00	-0.02	-0.04	-0.02	-0.01	0.02	0.03	0.03	0.04	0.04	0.04	0.02	0.01	-0.01	-0.01	-0.01	-0.04	-0.039
Sustainable Growth Rate	2.0%	2.1%	3.4%	3.5%	3.6%	3.7%	8.9%	9.0%	9.1%	8.9%	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	34.1%	36.8%	33.4%	34.8%	36.5%	37.5%	34.4%	35.2%	35.3%	34.2%	29.9%	29.4%	29.8%	30.3%	35.5%	34.7%	33.6%	33.9%	33.3%	33.6%	33.64%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.24	1.22	1.18	1.06	0.99	0.95	0.98	1.04	1.09	1.14	1.22	1.29	1.26	1.24	1.12	1.15	1.15	1.19	1.10	1.03	1.030
FCF/OCF	0.88	0.89	0.88	0.88	0.85	0.84	0.86	0.86	0.89	0.89	0.89	0.90	0.90	0.90	0.89	0.89	0.89	0.89	0.89	0.88	0.881
FCF/Net Income	snapshot only																				0.907
OCF/EBITDA	snapshot only																				0.727
CapEx/Revenue	3.0%	2.9%	2.9%	2.7%	3.2%	3.3%	3.1%	3.2%	2.8%	2.7%	2.8%	2.6%	2.5%	2.5%	2.7%	2.7%	2.7%	2.7%	2.7%	2.6%	2.62%
CapEx/Depreciation	snapshot only																				1.118
Accruals Ratio	-0.06	-0.06	-0.05	-0.02	0.00	0.01	0.00	-0.01	-0.02	-0.03	-0.05	-0.07	-0.06	-0.05	-0.03	-0.04	-0.04	-0.05	-0.02	-0.01	-0.007
Sloan Accruals	snapshot only																				0.012
Cash Flow Adequacy	snapshot only																				8.399
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	1.5%	1.5%	1.3%	1.3%	1.3%	1.3%	1.3%	1.2%	1.2%	1.1%	1.1%	1.1%	1.0%	1.0%	98.5%	1.0%	1.0%	1.0%	92.0%	90.0%	89.99%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	3.2%	3.4%	2.5%	3.2%	4.1%	4.5%	3.4%	3.2%	3.6%	4.1%	3.4%	3.0%	2.8%	2.5%	3.3%	3.5%	3.5%	3.4%	2.8%	3.1%	3.08%
Net Buyback Yield	3.2%	3.4%	2.5%	3.2%	4.1%	4.5%	3.4%	3.2%	3.6%	4.1%	3.4%	3.0%	2.8%	2.5%	3.3%	3.5%	3.5%	3.4%	2.7%	3.0%	2.97%
Total Shareholder Return	3.2%	3.4%	2.5%	3.2%	4.1%	4.5%	3.4%	3.2%	3.6%	4.1%	3.4%	3.0%	2.8%	2.5%	3.3%	3.5%	3.5%	3.4%	2.7%	3.0%	2.97%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.80	0.81	0.81	0.81	0.82	0.81	0.81	0.82	0.81	0.82	0.81	0.80	0.83	0.83	0.83	0.83	0.81	0.81	0.83	0.83	0.828
Interest Burden (EBT/EBIT)	0.96	0.96	0.96	0.96	0.95	0.95	0.95	0.94	0.94	0.93	0.92	0.92	0.91	0.92	0.93	0.93	0.93	0.94	0.94	0.92	0.924
EBIT Margin	0.27	0.27	0.27	0.27	0.27	0.28	0.29	0.29	0.29	0.29	0.28	0.28	0.28	0.28	0.29	0.29	0.28	0.28	0.28	0.28	0.280
Asset Turnover	1.24	1.29	1.21	1.24	1.26	1.27	1.15	1.16	1.16	1.15	1.11	1.11	1.10	1.10	1.17	1.16	1.17	1.20	1.16	1.18	1.176
Equity Multiplier	7.97	7.97	13.52	13.52	13.52	13.52	34.75	34.75	34.75	34.75	-54.72	-54.72	-54.72	-54.72	-23.83	-23.83	-23.83	-23.83	-46.19	-46.19	-46.189

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$30.29	$32.25	$33.12	$34.43	$35.96	$37.04	$38.94	$39.86	$40.25	$39.74	$36.37	$36.11	$36.73	$37.37	$40.91	$40.69	$39.93	$40.63	$42.65	$43.14	$43.14
Book Value/Share	$12.02	$12.08	$7.38	$7.44	$7.51	$7.58	$1.11	$1.11	$1.12	$1.13	$-6.91	$-6.96	$-7.01	$-7.04	$-6.01	$-6.08	$-6.11	$-6.17	$-1.16	$-1.17	$-2.06
Tangible Book/Share	$-19.74	$-19.85	$-33.79	$-34.06	$-34.38	$-34.70	$-42.01	$-42.30	$-42.64	$-43.01	$-50.97	$-51.31	$-51.68	$-51.93	$-49.90	$-50.46	$-50.68	$-51.19	$-51.12	$-51.35	$-51.35
Revenue/Share	$147.70	$154.69	$160.11	$165.42	$169.37	$172.46	$174.93	$177.53	$179.09	$178.69	$174.68	$175.72	$175.30	$176.73	$183.52	$183.53	$186.09	$191.62	$197.56	$201.60	$201.60
FCF/Share	$33.06	$34.78	$34.51	$32.06	$30.31	$29.61	$32.93	$35.78	$38.87	$40.35	$39.68	$41.92	$42.01	$41.74	$40.97	$41.64	$40.80	$43.24	$41.64	$39.13	$39.13
OCF/Share	$37.43	$39.27	$39.14	$36.49	$35.69	$35.23	$38.34	$41.41	$43.89	$45.14	$44.54	$46.54	$46.43	$46.21	$45.89	$46.61	$45.80	$48.44	$46.90	$44.42	$44.42
Cash/Share	$4.01	$4.03	$4.24	$4.28	$4.32	$4.36	$4.28	$4.31	$4.35	$4.38	$3.22	$3.24	$3.26	$3.28	$2.81	$2.84	$2.86	$2.89	$3.28	$3.30	$2.99
EBITDA/Share	$43.85	$46.10	$47.37	$49.21	$50.99	$52.97	$55.43	$56.87	$58.12	$57.92	$54.55	$54.75	$54.20	$54.79	$58.96	$58.40	$58.66	$59.65	$60.90	$61.08	$61.08
Debt/Share	$56.73	$57.05	$77.56	$78.16	$78.91	$79.65	$95.09	$95.75	$96.50	$97.35	$101.27	$101.95	$102.67	$103.17	$100.99	$102.12	$102.56	$103.60	$114.98	$115.52	$115.52
Net Debt/Share	$52.73	$53.02	$73.31	$73.89	$74.59	$75.29	$90.80	$91.43	$92.15	$92.97	$98.05	$98.71	$99.40	$99.89	$98.18	$99.27	$99.71	$100.71	$111.70	$112.22	$112.22

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.763
Altman Z-Prime	snapshot only																				17.662
Piotroski F-Score	8	8	7	7	7	6	8	9	8	7	4	5	5	5	7	7	6	6	6	7	7
Beneish M-Score	-2.64	-2.69	-2.48	-2.35	-2.29	-2.24	-2.35	-2.42	-2.48	-2.52	-2.79	-2.86	-2.84	-2.82	-2.62	-2.65	-2.63	-2.68	-2.41	-2.35	-2.352
Ohlson O-Score	snapshot only																				-6.944
Net-Net WC	snapshot only																				$-117.01
EVA	snapshot only																				$723103406.77

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				AA
Credit Score	91.98	92.57	84.97	85.82	85.55	86.19	87.58	84.48	85.50	85.77	84.95	84.60	85.03	84.48	85.95	85.71	86.11	86.01	87.51	86.45	86.453
Credit Grade	snapshot only																				3
Credit Trend	snapshot only																				0.744
Implied Spread (bps)	snapshot only																				80.000
Industry Credit Rank	snapshot only																				82
Sector Credit Rank	snapshot only																				82

MTD NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

Sign in to InsiderStreet