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Employees: 2,556
Size Materialise NV Sponsored ADR (MTLS) is a United States Information Technology company (Packaged Software) with a market value of $432M, the 2798th largest of 3,117 United States companies the cockpit tracks. Shares closed at $6.75 on 6 Nov 2026.
Performance Over six months the shares gained 24.8%, against -11.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 9.5% over the last twelve months (peer median +7.9%); the operating margin is 2.1% (peer median 6.5%).
Valuation It trades at 42.6× forward earnings against a peer median of 20.8× (3rd most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.7 points below its cost of capital (10.4% WACC).
Short interest Short interest is 0.9% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $319M | $302M | $289M | $277M | $244M |
| Revenue growth | — | +5% | +4% | +14% | — |
| Gross profit | $183M | $161M | $152M | $146M | $124M |
| EBITDA | $33.4M | $27.5M | $26.7M | $32.9M | $13.4M |
| Net income | $14.8M | $8.71M | $14.5M | $7.27M | -$2.23M |
| Free cash flow | $23.1M | $10.7M | $5.92M | $9.92M | -$1.38M |
| Capital expenditure | $11.6M | $18.4M | $28.5M | $12.7M | $26.0M |
| Total debt | $80.7M | $74.1M | $42.7M | $71.1M | $86.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTLS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.6% | -2.6% | 5th lowest of 21 |
| 6-month return | +24.8% | -11.4% | 3rd highest of 20 |
| Distance from 52-week high | -23.5% | -34.0% | 7th highest of 21 |
| Revenue growth (TTM) | +9.5% | +7.9% | 10th highest of 20 |
| Operating margin | 2.1% | 6.5% | 7th lowest of 20 |
| Forward P/E | 42.6× | 20.8× | 3rd most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 26.0% | 13.1% | 4th most demanding of 13 |
| Growth delivered (Del g) | +9.2% | +10.9% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +16.8 pp | +8.8 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -7.7 pp | -3.3 pp | 6th lowest of 19 |
| EV / EBITDA | 10.1× | 10.7× | 6th cheapest of 12 |
| Net debt / EBITDA | -2.8× | -2.5× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Materialise NV Sponsored ADR MTLS | United States | $432M | +25% | +10% | 2% | 42.6× | 26.0% | +9.2% |
| UltraGreen.ai UGS.SI | Singapore | $433M | n/a | +25% | 57% | 6.2× | n/a | n/a |
| IGG 0799.HK | Hong Kong | $431M | -11% | -1% | 12% | 6.0× | n/a | n/a |
| Objective OCL.AX | Australia | $434M | -39% | +7% | 32% | 23.4× | 8.1% | +6.8% |
| Coffee Stain COFFEE-B.ST | Sweden | $435M | -11% | -12% | 10% | 15.8× | 5.6% | -11.8% |
| D2L DTOL.TO | Canada | $436M | +19% | +3% | 5% | 20.8× | 15.4% | +12.4% |
| 63 Moons Technologies 63MOONS.NS | India | $437M | +21% | +238% | -104% | n/a | n/a | n/a |
| Chase Science 300941.SZ | China | $437M | -20% | +29% | 1% | n/a | n/a | n/a |
| Fino 033790.KS | South Korea | $428M | -53% | +195% | 5% | n/a | 6.6% | +60.2% |
| Capillary Technologies India CAPILLARY.NS | India | $427M | -8% | +23% | 3% | 46.9× | 49.7% | +33.9% |
| Hangzhou Century 300078.SZ | China | $438M | -33% | -46% | -2% | n/a | n/a | n/a |
| PlayWay Spolka Akcyjna PLW.WA | Poland | $425M | +5% | +8% | 45% | 11.0× | -3.4% | +12.7% |
| Bushiroad 7803.T | Japan | $441M | +102% | +3% | 8% | 15.3× | -3.9% | +10.2% |
| M31 Technology 6643.TWO | Taiwan | $443M | -46% | +19% | -8% | 32.0× | n/a | n/a |
| NanJing Institute of Surveying Mapping and Geotechnical Investigation 300826.SZ | China | $444M | -1% | +8% | 1% | n/a | 45.8% | +8.8% |
| Zhengzhou Jiean Hi-tech 300845.SZ | China | $444M | +5% | +6% | 7% | n/a | n/a | n/a |
| Braiin BRAI | United States | $447M | -70% | n/a | n/a | n/a | n/a | n/a |
| Dareway Intelligent Technology 688579.SS | China | $450M | -26% | -21% | -2% | 44.1× | 18.9% | +0.9% |
| Gstarsoft 688657.SS | China | $415M | -19% | +17% | 8% | 37.4× | 28.1% | +12.1% |
| Nuix NXL.AX | Australia | $452M | +37% | +19% | 12% | 25.6× | 23.0% | +8.4% |
| Datamatics Global Services DATAMATICS.NS | India | $453M | -12% | +11% | 16% | 15.5× | 10.8% | +11.6% |