VEEV vs. MTD

Last updated Jun 3, 2026

VEEV (Veeva Systems Inc.) and MTD (Mettler-Toledo International Inc.) are both stocks. Both are in the Healthcare sector — VEEV in Health Information Services, MTD in Diagnostics & Research. Over the past 10 years, VEEV returned 18.01%/yr vs 12.08%/yr for MTD. At a 0.43 correlation, their price movements are largely independent.

Performance

VEEV vs. MTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Veeva Systems Inc. (VEEV) and Mettler-Toledo International Inc. (MTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEEV achieves a -18.05% return, which is significantly lower than MTD's -16.08% return. Over the past 10 years, VEEV has outperformed MTD with an annualized return of 18.01%, while MTD has yielded a comparatively lower 12.08% annualized return.

VEEV

• 1D: -3.03%
• 1M: 6.61%
• YTD: -18.05%
• 6M: -23.82%
• 1Y: -34.34%
• 3Y*: -2.11%
• 5Y*: -8.49%
• 10Y*: 18.01%

MTD

• 1D: -1.15%
• 1M: -7.66%
• YTD: -16.08%
• 6M: -19.15%
• 1Y: 2.53%
• 3Y*: -4.25%
• 5Y*: -1.40%
• 10Y*: 12.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEEV vs. MTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEEV Veeva Systems Inc.	-18.05%	6.17%	9.21%	19.30%	-36.83%	-6.16%	93.55%	57.48%	61.58%	35.82%
MTD Mettler-Toledo International Inc.	-16.08%	13.93%	0.88%	-16.08%	-14.83%	48.92%	43.67%	40.26%	-8.71%	48.01%

Correlation

The correlation between VEEV and MTD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013	0.43

The correlation between VEEV and MTD shifts across timeframes, from 0.25 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap VEEV : $30.78B MTD : $23.73B
EPS VEEV : $5.42 MTD : $42.68
PE Ratio VEEV : 33.78 MTD : 27.41
PEG Ratio VEEV : 1.75 MTD : 4.21
PS Ratio VEEV : 9.61 MTD : 5.87
PB Ratio VEEV : 4.27 MTD : 6.47
Total Revenue (TTM) VEEV : $3.20B MTD : $4.09B
Gross Profit (TTM) VEEV : $2.41B MTD : $2.36B
EBITDA (TTM) VEEV : $956.27M MTD : $1.24B

Return for Risk

VEEV vs. MTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEEV

VEEV Risk / Return Rank: 9
VEEV Sharpe Ratio Rank: 5
VEEV Sortino Ratio Rank: 7
VEEV Omega Ratio Rank: 7
VEEV Calmar Ratio Rank: 15
VEEV Martin Ratio Rank: 12

MTD

MTD Risk / Return Rank: 40
MTD Sharpe Ratio Rank: 43
MTD Sortino Ratio Rank: 37
MTD Omega Ratio Rank: 37
MTD Calmar Ratio Rank: 40
MTD Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEEV vs. MTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Veeva Systems Inc. (VEEV) and Mettler-Toledo International Inc. (MTD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	VEEV	MTD	Difference
Sharpe ratio Return per unit of total volatility	-0.97	0.08	-1.04
Sortino ratio Return per unit of downside risk	-1.35	0.33	-1.68
Omega ratio Gain probability vs. loss probability	0.83	1.04	-0.21
Calmar ratio Return relative to maximum drawdown	-0.68	0.04	-0.72
Martin ratio Return relative to average drawdown	-1.25	0.12	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEEV vs. MTD - Sharpe Ratio Comparison

The current VEEV Sharpe Ratio is -0.97, which is lower than the MTD Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of VEEV and MTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEEV	MTD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.97	0.08	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	-0.04	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.41	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.53	-0.19

Drawdowns

VEEV vs. MTD - Drawdown Comparison

The maximum VEEV drawdown since its inception was -61.35%, roughly equal to the maximum MTD drawdown of -61.43%. Use the drawdown chart below to compare losses from any high point for VEEV and MTD.

Drawdown Indicators

	VEEV	MTD	Difference
Max Drawdown Largest peak-to-trough decline	-61.35%	-61.43%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-50.55%	-31.90%	-18.65%
Max Drawdown (3Y) Largest decline over 3 years	-50.55%	-36.61%	-13.94%
Max Drawdown (5Y) Largest decline over 5 years	-55.69%	-43.47%	-12.22%
Max Drawdown (10Y) Largest decline over 10 years	-55.69%	-43.47%	-12.22%
Current Drawdown Current decline from peak	-46.35%	-31.28%	-15.07%
Average Drawdown Average peak-to-trough decline	-26.02%	-13.67%	-12.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.63%	10.71%	+16.92%

Volatility

VEEV vs. MTD - Volatility Comparison

The current volatility for Veeva Systems Inc. (VEEV) is 13.85%, while Mettler-Toledo International Inc. (MTD) has a volatility of 20.06%. This indicates that VEEV experiences smaller price fluctuations and is considered to be less risky than MTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEEV	MTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.85%	20.06%	-6.21%
Volatility (6M) Calculated over the trailing 6-month period	28.94%	26.08%	+2.86%
Volatility (1Y) Calculated over the trailing 1-year period	35.68%	32.13%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.93%	32.14%	+5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.21%	29.78%	+8.43%

Dividends

VEEV vs. MTD - Dividend Comparison

Neither VEEV nor MTD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

VEEV vs. MTD - Profitability Comparison

The chart below illustrates the profitability comparison between Veeva Systems Inc. and Mettler-Toledo International Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VEEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a gross profit of 622.47M and revenue of 835.95M. Therefore, the gross margin over that period was 74.5%.

MTD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a gross profit of 555.82M and revenue of 947.13M. Therefore, the gross margin over that period was 58.7%.

VEEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported an operating income of 245.88M and revenue of 835.95M, resulting in an operating margin of 29.4%.

MTD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported an operating income of 246.22M and revenue of 947.13M, resulting in an operating margin of 26.0%.

VEEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a net income of 244.20M and revenue of 835.95M, resulting in a net margin of 29.2%.

MTD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mettler-Toledo International Inc. reported a net income of 169.45M and revenue of 947.13M, resulting in a net margin of 17.9%.

Frequently Asked Questions

Can I hold both VEEV and MTD in my portfolio?

VEEV and MTD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEEV or MTD?

MTD has higher volatility (20.06%) compared to VEEV (13.85%). In terms of maximum drawdown, VEEV dropped -61.35% vs MTD's -61.43%.

Which has better risk-adjusted returns?

MTD currently has the higher Sharpe Ratio (0.08 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.