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Proto Labs, Inc., together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. It offers manufacturing services, such as molding, computer numerical control machining, 3D printing, and sheet metal to developers, engineers, and supply chain teams. The company was incorporated in 1999 and is headquartered in Maple Plain, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $533M | $60M | $21M | $60M | 3.2% | 6.4% | 28.0% |
| 2024 | $501M | $61M | $17M | $69M | 2.5% | -0.6% | -3.6% |
| 2023 | $504M | $66M | $17M | $45M | 2.5% | 3.2% | -116.6% |
| 2022 | $488M | $66M | $-103M | $40M | -14.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 488.40 | 503.88 | 500.89 | 533.13 |
| Cost Of Revenue | - | 272.93 | 281.88 | 277.69 | 295.99 |
| Gross Profit | - | 215.46 | 221.99 | 223.20 | 237.14 |
| Operating Expense | - | 188.52 | 193.61 | 197.70 | 210.94 |
| Operating Income | - | 26.95 | 28.38 | 25.50 | 26.20 |
| EBITDA | - | 66.37 | 65.91 | 61.30 | 60.02 |
| EBIT | - | 26.95 | 28.38 | 25.50 | 26.20 |
| Pretax Income | - | -97.88 | 27.95 | 24.67 | 31.06 |
| Tax Provision | - | 5.58 | 10.73 | 8.08 | 9.82 |
| Net Income | - | -103.46 | 17.22 | 16.59 | 21.24 |
| Net Income Common Stockholders | - | -103.46 | 17.22 | 16.59 | 21.24 |
| Total Expenses | - | 461.45 | 475.50 | 475.39 | 506.93 |
| Research And Development | - | 38.22 | 40.14 | 41.30 | 42.81 |
| Selling General And Administration | - | 150.30 | 153.48 | 156.41 | 168.13 |
| Normalized EBITDA | - | 191.30 | 66.12 | 66.89 | 61.11 |
| Normalized Income | - | -4.77 | 17.35 | 20.35 | 21.99 |
| Market Cap | 1,537.47 | 1,537.47 | 1,537.47 | 1,537.47 | 1,537.47 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Proto Labs, Inc.this co. | PRLB | $1.5B | 72.38↑ premium | 2.28 | 3.2% | 23.82 |
| Preformed Line Products Company | PLPC | $1.7B | 47.17 | 3.48 | 7.4% | 20.80 |
| Hillman Solutions Corp. | HLMN | $1.6B | 45.50 | 1.32 | 3.3% | 9.50 |
| Power Solutions International, Inc. | PSIX | $1.5B | 13.55 | 8.64 | 63.8% | 14.40 |
| The Greenbrier Companies, Inc. | GBX |
| - |
| - |
| - |
| - |
| $1.5B |
| 7.47 |
| 1.00 |
| 13.3% |
| 6.30 |
| Voyager Technologies, Inc. | VOYG | $1.5B | - | 3.95 | -24.4% | -16.76 |
| SFL Corporation Ltd. | SFL | $1.5B | - | 1.57 | -2.8% | 9.50 |
| Tennant Company | TNC | $1.5B | 33.52 | 2.44 | 7.3% | 13.48 |
| Ameresco, Inc. | AMRC | $1.4B | 32.88 | 1.34 | 3.9% | 16.76 |
| Peer Median | - | 33.20 | 2.00 | 5.6% | 11.49 | |