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← CockpitCompetitor Analysis › XMTR Xometry, Inc. Class AOpen in the cockpit ↗

Xometry, Inc. Class AXMTRCompetitor analysis, valuation and peers

United States · USD·Information Technology›Information Technology Services

Online marketplace matching buyers of custom parts to manufacturers using CNC, 3D printing and molding.

Momentum leader 93
Mkt cap
$6.63B
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$87.9M
20-day average traded
Fwd P/E
91.0×
forward earnings
ROIC−WACC
-14.3 pp
WACC 11.2%
Hurdle
n/a
no reverse DCF
Next earnings
116 days
2 Mar 2027
Close · USD$114.95
1D+5.5%
1W+22.7%
1M+8.0%
3M+27.0%
6M+43.7%
YTD+93.3%
1Y+83.4%
ATR %7.4%
Beta2.38
52w lowhigh2.5% off high

What Xometry does

Online marketplace matching buyers of custom parts to manufacturers using CNC, 3D printing and molding.

Takes orders from buyers at a quoted price and passes the work to a supplier at a lower price, keeping the difference, so profit depends on matching jobs and keeping supplier terms fair. Subscription and advertising income from suppliers that pay to be found through Thomasnet, bought in 2021, adds a second line.

Products and services

  • Instant quoting marketplace
  • Supplier network
  • AI quoting/CAD tools
  • Thomasnet (sourcing)

Customers

  • Aerospace/defense OEMs
  • Industrial/machinery makers
  • Medical device makers
  • Robotics/automotive

Where it sits in the supply chain

  • Manufacturing services
  • On-demand/custom manufacturing
  • Digital marketplace

What could go right

  • Reshoring/supply-chain diversification demand
  • Supplier network growth

What could go wrong

  • Thin marketplace take-rate economics
  • Cyclical industrial demand

Moat: narrow (network effects, data, scale). More buyers attract more suppliers and vice versa; AI pricing improves with order volume.

Headquarters: North Bethesda, Maryland, US · Founded: 2013 · Employees: 1,174

Named competitors

Xometry at a glance

Size Xometry (XMTR) is a United States Information Technology company (Information Technology Services) with a market value of $6.63B, the 988th largest of 3,117 United States companies the cockpit tracks. Shares closed at $114.95 on 6 Nov 2026.

Performance Over six months the shares gained 43.7%, against +13.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 36.8% over the last twelve months (peer median +8.7%); the operating margin is -2.0% (peer median 8.4%).

Valuation It trades at 91.0× forward earnings against a peer median of 15.1× (2nd most expensive of 20).

Capital Return on invested capital runs 14.3 points below its cost of capital (11.2% WACC).

Short interest Short interest is 6.8% of the free float (15 Oct 2026).

Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026XMTR 142Peer median 113
Six months, rebased to 100: Xometry against the median of its 20 peers (local-currency closes).

Xometry financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$879M$687M$546M$463M$381M
Revenue growth—+26%+18%+22%—
Gross profit$318M$251M$204M$168M$138M
EBITDA$5.94M-$3.58M-$38.1M-$44.3M-$57.2M
Net income-$17.3M-$61.7M-$50.4M-$67.5M-$79.1M
Free cash flow-$19.4M-$24.1M-$33.5M-$48.4M-$76.2M
Capital expenditure$49.2M$30.2M$18.1M$18.5M$13.7M
Total debt$343M$339M$295M$300M$302M

Quarterly statements and history in the cockpit →

Xometry competitor charts

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.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%688702TEMNCCCRIOTVIAVSAICNICEINGMBOX3626307950APPFEPAMPEGA064400PSN4768BC8NSITXMTR6-month return →1-month return →
Up and to the right = strong over both horizons. Xometry is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×2,000×4,000×6,000×688702TEMNCCCVIAVSAICNICEINGMBOX307950PEGAXMTRRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Xometry is the large dot.

Xometry competitors and peer comparison

Head to head with its named competitors (XMTR vs PRLB vs MTLS vs DDD)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Xometry XMTR$6.63B+44%+37%-2%91.0×n/a
Proto Labs PRLB$1.57B-5%+12%8%27.4×26.8%
Materialise NV Sponsored ADR MTLS$432M+25%+10%2%42.6×26.0%
3D Systems DDDn/a-29%n/an/an/an/a

How Xometry compares with its peers

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.

Xometry against its 20 peers (data as of 6 Nov 2026)
MeasureXMTRPeer medianRank in peer set
1-month return+8.0%-1.4%7th highest of 21
6-month return+43.7%+13.4%5th highest of 21
Distance from 52-week high-2.5%-24.9%highest of 21
Revenue growth (TTM)+36.8%+8.7%3rd highest of 21
Operating margin-2.0%8.4%3rd lowest of 21
Forward P/E91.0×15.1×2nd most expensive of 20
ROIC minus cost of capital-14.3 pp+4.7 pp3rd lowest of 21
Net debt / EBITDA-27.3×0.3×least indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Xometry XMTRUnited States$6.63B+44%+37%-2%91.0×n/an/a
Suzhou Centec Communications 688702.SSChina$6.58B-45%+32%-18%5,922.0×n/an/a
Temenos TEMN.SWSwitzerland$6.51B+10%+30%27%21.8×8.3%+1.7%
Computacenter CCC.LUnited Kingdom$6.48B+15%+54%3%16.4×7.9%+11.1%
RIOT RIOTUnited States$6.27B-31%+6%-84%n/an/an/a
Viavi Solutions VIAVUnited States$7.00B-44%+40%11%14.0×32.7%+4.8%
Science Applications International SAICUnited States$6.13B+56%-1%8%14.3×-4.6%+0.6%
NICE Ltd. Sponsored ADR NICEUnited States$5.87B+4%+8%17%7.8×-0.7%+12.3%
Ingram Micro INGMUnited States$5.85B-6%+15%2%6.8×2.9%+1.4%
Box BOXUnited States$5.76B+63%+10%9%26.0×20.3%+8.8%
TISI 3626.TJapan$5.50B+20%+5%13%15.1×-7.7%+5.9%
HyundaiAutoever 307950.KSSouth Korea$5.49B-40%+16%5%35.7×27.6%+22.2%
AppFolio APPFUnited States$8.18B+39%+20%19%28.9×18.5%+25.1%
EPAM Systems EPAMUnited States$8.22B+61%+11%10%11.3×9.4%+15.5%
Pegasystems PEGAUnited States$5.30B-10%+1%12%13.8×8.8%+11.4%
LG Cns 064400.KSSouth Korea$5.29B+14%+4%9%15.5×5.6%+7.2%
Parsons PSNUnited States$5.16B-1%-3%5%14.8×8.4%+10.2%
Otsuka 4768.TJapan$8.63B+24%+9%7%20.1×-5.6%+9.6%
Bechtle BC8.DEGermany$4.72B+13%+8%5%16.8×6.9%+4.9%
KBR KBRUnited States$4.69B+14%-3%9%9.5×-8.7%+6.2%
Insight Enterprises NSITUnited States$4.64B+89%+3%6%11.7×2.9%-0.2%

Questions

Who are Xometry's main competitors?
Named competitors: Protolabs (PRLB), Fictiv (private or unlisted), 3D Hubs (Protolabs) (PRLB), Local job shops (private or unlisted), Materialise (MTLS), 3D Systems (DDD). The cockpit's measured peer set (industry) also includes Suzhou Centec Communications (688702.SS), Temenos (TEMN.SW), Computacenter (CCC.L), RIOT (RIOT), Viavi Solutions (VIAV), Science Applications International (SAIC).
Is Xometry expensive compared with its peers?
On forward p/e it trades at 91.0× against a peer median of 15.1×, 2nd most expensive of 20 in its peer set.
How has Xometry stock performed?
Over six months to 6 Nov 2026 the shares returned +43.7% against +13.4% for the median peer; over one year +83.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.