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Provides on-demand digital manufacturing - CNC machining, 3D printing and injection molding - for rapid prototyping and low-volume parts.
Provides on-demand digital manufacturing - CNC machining, 3D printing and injection molding - for rapid prototyping and low-volume parts.
Earns by the part: customers upload a design and get an instant price, with software automating quoting and machine programming so small runs pay at fast turnaround. Since buying Hubs in 2021 it also routes orders to a network of outside manufacturers. Revenue comes from a broad customer base rather than a few large accounts.
Moat: narrow (scale, process know-how, IP / patents). Automated quoting and manufacturing software speeds turnaround, though competitors are catching up on automation.
Headquarters: Maple Plain, Minnesota, US · Founded: 1999 · Employees: 2,280
Size Proto Labs (PRLB) is a United States Materials company (Chemicals: Specialty) with a market value of $1.57B, the 1959th largest of 3,117 United States companies the cockpit tracks. Shares closed at $65.69 on 6 Nov 2026.
Performance Over six months the shares fell 5.2%, against -24.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 11.8% over the last twelve months (peer median +9.1%); the operating margin is 8.1% (peer median 6.4%).
Valuation It trades at 27.4× forward earnings against a peer median of 14.0× (5th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +23 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 5.7 points below its cost of capital (12.4% WACC).
Backlog Backlog (remaining performance obligations) was $9.60M at 31 Dec 2025, up 10% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 2.7% of the free float (15 Oct 2026).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $579M | $533M | $501M | $504M | $488M |
| Revenue growth | — | +6% | -1% | +3% | — |
| Gross profit | $262M | $237M | $223M | $222M | $215M |
| EBITDA | $79.5M | $60.0M | $61.3M | $65.9M | $66.4M |
| Net income | $35.0M | $21.2M | $16.6M | $17.2M | -$103M |
| Free cash flow | $48.6M | $59.7M | $68.7M | $45.2M | $40.4M |
| Capital expenditure | $23.6M | $14.8M | $9.17M | $29.1M | $21.7M |
| Total debt | $3.90M | $3.05M | $3.52M | $5.48M | $21.4M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Proto Labs PRLB | $1.57B | -5% | +12% | 8% | 27.4× | 26.8% |
| Xometry XMTR | $6.63B | +44% | +37% | -2% | 91.0× | n/a |
| Stratasys SSYS | $565M | -25% | -3% | -14% | 45.9× | n/a |
| 3D Systems DDD | n/a | -29% | n/a | n/a | n/a | n/a |
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 | PRLB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.8% | -14.8% | lowest of 21 |
| 6-month return | -5.2% | -24.4% | 6th highest of 20 |
| Distance from 52-week high | -34.3% | -41.3% | 7th highest of 21 |
| Revenue growth (TTM) | +11.8% | +9.1% | 10th highest of 21 |
| Operating margin | 8.1% | 6.4% | 9th highest of 21 |
| Forward P/E | 27.4× | 14.0× | 5th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 26.8% | 14.9% | 4th most demanding of 14 |
| Growth delivered (Del g) | +4.2% | +4.5% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | +22.7 pp | +4.5 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | -5.7 pp | -1.9 pp | 6th lowest of 21 |
| EV / EBITDA | 17.9× | 8.3× | 2nd most expensive of 10 |
| Net debt / EBITDA | -1.9× | 1.7× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Proto Labs PRLB | United States | $1.57B | -5% | +12% | 8% | 27.4× | 26.8% | +4.2% |
| Genesis Energy, L.P GEL | United States | $1.57B | -21% | -17% | 19% | n/a | 2.2% | -2.2% |
| ADAMA 000553.SZ | China | $1.55B | -33% | -6% | 3% | 30.7× | -7.2% | +0.3% |
| Guangdong Dowstone Technology 300409.SZ | China | $1.59B | -50% | +34% | 6% | 14.0× | n/a | n/a |
| Stepan SCL | United States | $1.52B | +26% | +10% | 4% | 19.0× | 14.9% | +4.5% |
| Osaka Soda 4046.T | Japan | $1.52B | -2% | +8% | 19% | 13.5× | 5.1% | +0.5% |
| Befar 6745.HK | Hong Kong | $1.52B | n/a | +25% | 5% | 9.7× | 3.6% | +17.3% |
| Tokuyama 4043.T | Japan | $1.63B | -11% | +7% | 9% | 5.8× | 1.1% | +2.9% |
| Denka 4061.T | Japan | $1.51B | -33% | -3% | 9% | 12.7× | n/a | n/a |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | India | $1.63B | -15% | +6% | 12% | 7.2× | n/a | n/a |
| Huabao Technology 300741.SZ | China | $1.63B | +7% | +17% | 1% | n/a | 45.3% | -8.5% |
| KumhoPetrochem 011780.KS | South Korea | $1.50B | -37% | 0% | 7% | 4.3× | -16.5% | +7.5% |
| Ningbo Yunsheng 600366.SS | China | $1.64B | -24% | +33% | 6% | 19.3× | 19.1% | +17.9% |
| Fujian Kuncai Material Technology 603826.SS | China | $1.64B | -51% | +59% | 5% | 61.0× | 24.1% | +11.0% |
| Anhui Wanwei Updated High-Tech Material Industry 600063.SS | China | $1.49B | -32% | +3% | 4% | 20.0× | n/a | n/a |
| Shenzhen Dynanonic 300769.SZ | China | $1.65B | -50% | +188% | 4% | 12.5× | n/a | n/a |
| Shaily Engineering Plastics SHAILY.NS | India | $1.48B | +14% | +18% | 24% | 56.7× | 35.8% | +22.8% |
| Shida Shinghwa Advanced Material 603026.SS | China | $1.68B | -58% | +58% | 8% | 7.5× | n/a | n/a |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
Proto Labs reported $9.60M of remaining performance obligations at 31 Dec 2025, up 10% from a year earlier. That is 0.0 years of trailing revenue already under contract.