Mettler-Toledo International Inc. stock research
FY2025 Q3
Mettler-Toledo International (MTD) Gross Margin — Quarter Ended Sep 30, 2025
Revenue and gross profit both increased compared with the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin was slightly higher than the prior quarter but lower than the year-ago quarter.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue and gross profit both increased compared with the prior quarter and the same quarter last year, while cost of revenue also rose. Gross margin was slightly higher than the prior quarter but lower than the year-ago quarter.
- The most observable driver is the increase in revenue outpacing the increase in gross profit relative to the prior quarter, but relative to the year-ago period, cost of revenue grew more than revenue, compressing margin.
- Compared with the prior quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved slightly. Versus the same quarter a year ago, revenue and cost of revenue were both higher, but gross margin weakened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
59.2%
Gross profit
$609.5M
Revenue
$1.0B
Cost of revenue
$420.2M
Quarter-over-quarter change
+0.2 pts
Year-over-year change
-0.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.0B | $639.3M | $405.8M | 61.2% |
| Mar 31, 2025 | $883.7M | $525.9M | $357.9M | 59.5% |
| Jun 30, 2025 | $983.2M | $579.9M | $403.3M | 59.0% |
| Sep 30, 2025 | $1.0B | $609.5M | $420.2M | 59.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.2 pts
Year-over-year change
Sep 30, 2024
-0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable driver is the increase in revenue outpacing the increase in gross profit relative to the prior quarter, but relative to the year-ago period, cost of revenue grew more than revenue, compressing margin.
Compared with the prior quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved slightly. Versus the same quarter a year ago, revenue and cost of revenue were both higher, but gross margin weakened.
Monitor the trend in cost of revenue relative to revenue, as cost growth outpaced revenue growth on a year-over-year basis.