NYSE : PRLB
Proto Labs, Inc. — Financial statements
Industrials · Metal Fabrication · United States
Last price 77.64 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.86B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Proto Labs, Inc. (PRLB) reported revenue of 579.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 579.49M | 533.13M | 500.89M | 503.88M | 488.40M | 488.10M |
| Cost of Revenue | 317.52M | 295.99M | 277.69M | 281.88M | 272.93M | 265.41M |
| Gross Profit | 261.97M | 237.14M | 223.20M | 221.99M | 215.47M | 222.69M |
| Selling, General & Admin | 172.20M | 168.13M | 156.41M | 153.48M | 150.30M | 151.36M |
| Research & Development | 42.67M | 42.81M | 41.30M | 40.13M | 38.22M | 44.24M |
| Operating Expenses | 214.88M | 210.94M | 197.70M | 193.61M | 188.52M | 195.60M |
| Operating Income | 47.09M | 26.20M | 25.50M | 28.38M | 26.95M | 27.09M |
| Interest Expense | -200.00K | |||||
| Interest & Investment Income | 5.80M | 5.40M | 5.40M | |||
| Currency Exchange Gain (Loss) | -100.00K | 600.00K | -400.00K | |||
| Other Non Operating Income (Expenses) | 141.00K | -48.00K | -39.00K | -215.00K | 106.00K | -158.00K |
| EBT Excluding Unusual Items | 52.94M | 32.15M | 30.26M | 28.17M | 27.05M | 26.93M |
| Merger & Restructuring Charges | -4.66M | -1.09M | -5.58M | -215.00K | -6.92M | |
| Impairment of Goodwill | -118.01M | |||||
| Other Unusual Items | 13.25M | |||||
| Pretax Income | 48.28M | 31.06M | 24.67M | 27.95M | -97.88M | 40.18M |
| Income Tax Expense | 13.26M | 9.82M | 8.08M | 10.73M | 5.58M | 6.81M |
| Net Income | 35.02M | 21.24M | 16.59M | 17.22M | -103.46M | 33.37M |
| Net Income to Common | 35.02M | 21.24M | 16.59M | 17.22M | -103.46M | 33.37M |
| Shares Outstanding (Basic) | 23.90M | 23.92M | 25.10M | 26.19M | 27.41M | 27.62M |
| Shares Outstanding (Diluted) | 24.36M | 24.25M | 25.21M | 26.22M | 27.41M | 27.65M |
| EPS (Basic) | 1.47 | 0.89 | 0.66 | 0.66 | -3.77 | 1.21 |
| EPS (Diluted) | 1.44 | 0.88 | 0.66 | 0.66 | -3.77 | 1.21 |
| Free Cash Flow | 48.61M | 59.66M | 68.66M | 45.16M | 40.39M | 21.03M |
| Free Cash Flow Per Share | 2.00 | 2.46 | 2.72 | 1.72 | 1.47 | 0.76 |
| Gross Margin | 45.21% | 44.48% | 44.56% | 44.06% | 44.12% | 45.62% |
| Operating Margin | 8.13% | 4.92% | 5.09% | 5.63% | 5.52% | 5.55% |
| Profit Margin | 6.04% | 3.98% | 3.31% | 3.42% | -21.18% | 6.84% |
| Free Cash Flow Margin | 8.39% | 11.19% | 13.71% | 8.96% | 8.27% | 4.31% |
| EBITDA | 77.11M | 60.34M | 61.63M | 65.91M | 66.37M | 67.58M |
| EBITDA Margin | 13.31% | 11.32% | 12.31% | 13.08% | 13.59% | 13.84% |
| D&A For EBITDA | 30.02M | 34.14M | 36.14M | 37.53M | 39.42M | 40.49M |
| EBIT | 47.09M | 26.20M | 25.50M | 28.38M | 26.95M | 27.09M |
| EBIT Margin | 8.13% | 4.92% | 5.09% | 5.63% | 5.52% | 5.55% |
| Effective Tax Rate | 27.46% | 31.62% | 32.75% | 38.39% | 16.95% | |
| Advertising Expenses | 15.30M | 14.30M | 13.80M | 13.20M | 12.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 133.78M | 110.83M | 89.07M | 83.79M | 56.56M | 65.93M |
| Short-Term Investments | 17.37M | 17.30M | 14.02M | 19.01M | 23.57M | 11.58M |
| Cash & Short-Term Investments | 151.15M | 128.12M | 103.09M | 102.80M | 80.13M | 77.51M |
| Accounts Receivable | 99.26M | 78.96M | 66.50M | 72.85M | 76.22M | 80.05M |
| Other Receivables | 744.00K | 2.46M | 2.91M | 2.23M | 4.04M | 1.32M |
| Receivables | 100.00M | 81.43M | 69.41M | 75.08M | 80.27M | 81.37M |
| Inventory | 16.54M | 14.40M | 12.30M | 13.66M | 13.58M | 13.16M |
| Prepaid Expenses | 11.84M | 9.59M | 10.05M | 9.12M | 12.60M | 11.45M |
| Total Current Assets | 279.53M | 233.54M | 194.85M | 200.66M | 186.57M | 183.49M |
| Property, Plant & Equipment | 210.06M | 218.52M | 230.95M | 259.24M | 279.16M | 287.82M |
| Long-Term Investments | 23.90M | 14.31M | 17.77M | 8.02M | 26.42M | 14.34M |
| Goodwill | 273.99M | 273.99M | 273.99M | 273.99M | 273.99M | 400.61M |
| Other Intangible Assets | 15.66M | 18.61M | 21.42M | 25.58M | 31.25M | 38.00M |
| Other Long-Term Assets | 4.87M | 4.44M | 4.52M | 4.86M | 4.78M | 4.32M |
| Total Assets | 808.02M | 763.41M | 743.51M | 772.35M | 802.17M | 928.58M |
| Accounts Payable | 18.99M | 15.10M | 15.50M | 15.64M | 17.36M | 25.36M |
| Accrued Expenses | 56.39M | 40.86M | 27.47M | 22.36M | 35.13M | 25.68M |
| Current Portion of Leases | 1.24M | 1.44M | 1.60M | 1.88M | 19.10M | 3.85M |
| Other Current Liabilities | 9.60M | 8.70M | 9.80M | |||
| Total Current Liabilities | 76.62M | 67.00M | 53.27M | 49.68M | 71.58M | 54.90M |
| Long-Term Leases | 2.66M | 1.61M | 1.92M | 3.60M | 2.25M | 3.60M |
| Long-Term Deferred Tax Liabilities | 22.27M | 16.60M | 13.56M | 18.74M | 26.32M | 35.89M |
| Other Long-Term Liabilities | 4.67M | 4.28M | 4.61M | 5.03M | 4.36M | 5.71M |
| Total Liabilities | 106.22M | 89.48M | 73.36M | 77.06M | 104.52M | 100.09M |
| Common Stock | 24.00K | 24.00K | 24.00K | 26.00K | 27.00K | 28.00K |
| Additional Paid-In Capital | 463.46M | 454.12M | 453.70M | 466.88M | 473.74M | 468.55M |
| Retained Earnings | 262.25M | 240.76M | 244.41M | 256.40M | 258.24M | 376.73M |
| Comprehensive Income & Other | -23.94M | -20.98M | -27.98M | -28.01M | -34.35M | -16.82M |
| Shareholders' Equity | 701.80M | 673.93M | 670.15M | 695.29M | 697.65M | 828.49M |
| Total Liabilities & Equity | 808.02M | 763.41M | 743.51M | 772.35M | 802.17M | 928.58M |
| Total Debt | 3.90M | 3.05M | 3.52M | 5.48M | 21.35M | 7.44M |
| Net Cash (Debt) | 171.15M | 139.38M | 117.35M | 105.34M | 85.19M | 84.41M |
| Net Cash Per Share | 7.03 | 5.75 | 4.65 | 4.02 | 3.11 | 3.05 |
| Filing Date Shares Outstanding | 23.87M | 23.78M | 24.23M | 25.72M | 26.68M | 27.47M |
| Total Common Shares Outstanding | 23.87M | 23.63M | 24.23M | 25.72M | 26.89M | 27.47M |
| Working Capital | 202.91M | 166.54M | 141.58M | 150.98M | 114.99M | 128.60M |
| Book Value Per Share | 29.40 | 28.52 | 27.66 | 27.03 | 25.95 | 30.16 |
| Tangible Book Value | 412.15M | 381.33M | 374.74M | 395.72M | 392.41M | 389.88M |
| Tangible Book Value Per Share | 17.27 | 16.14 | 15.47 | 15.38 | 14.59 | 14.20 |
| Land | 16.05M | 15.60M | 15.60M | 14.15M | 15.01M | |
| Buildings | 140.69M | 137.46M | 133.03M | 105.49M | 107.24M | |
| Machinery | 327.96M | 326.37M | 322.19M | 310.96M | 316.79M | |
| Construction In Progress | 13.67M | 5.63M | 8.41M | 22.67M | 14.49M | |
| Leasehold Improvements | 4.73M | 4.53M | 4.61M | 4.55M | 8.37M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 35.02M | 21.24M | 16.59M | 17.22M | -103.46M | 33.37M |
| Depreciation & Amortization | 30.02M | 34.14M | 36.14M | 37.53M | 39.42M | 40.49M |
| Loss (Gain) From Sale of Assets | -170.00K | -4.00K | -13.00K | -498.00K | -1.21M | |
| Asset Writedown & Restructuring Costs | 1.12M | 448.00K | 2.59M | 120.85M | ||
| Stock-Based Compensation | 14.46M | 15.73M | 17.00M | 15.99M | 17.55M | 19.09M |
| Other Operating Activities | 5.58M | 2.38M | -5.45M | -2.54M | -9.46M | -12.07M |
| Change in Accounts Receivable | -22.84M | -12.48M | 9.65M | 2.73M | 1.63M | -20.11M |
| Change in Inventory | -2.36M | -2.11M | 1.26M | 112.00K | -310.00K | -2.39M |
| Change in Accounts Payable | 1.73M | -333.00K | 480.00K | -1.84M | 1.38M | 4.65M |
| Change in Income Taxes | 3.92M | 508.00K | -691.00K | 1.82M | -2.68M | -774.00K |
| Change in Other Net Operating Assets | 3.01M | 14.98M | 275.00K | 2.75M | -1.62M | -7.02M |
| Operating Cash Flow | 72.20M | 74.50M | 77.83M | 73.27M | 62.08M | 55.24M |
| Capital Expenditures | -23.59M | -14.84M | -9.17M | -28.12M | -21.69M | -34.21M |
| Sale of Property, Plant & Equipment | 1.30M | 834.00K | 34.00K | 699.00K | 4.11M | |
| Cash Acquisitions | -127.41M | |||||
| Investment in Securities | -7.61M | 598.00K | -4.45M | 23.86M | -25.51M | 66.96M |
| Other Investing Activities | -1.00M | |||||
| Investing Cash Flow | -29.90M | -13.41M | -13.58M | -4.55M | -43.09M | -94.66M |
| Long-Term Debt Repaid | -309.00K | -296.00K | -306.00K | -531.00K | -552.00K | |
| Total Debt Repaid | -265.00K | -309.00K | -296.00K | -306.00K | -531.00K | -552.00K |
| Net Debt Issued (Repaid) | -265.00K | -309.00K | -296.00K | -306.00K | -531.00K | -552.00K |
| Issuance of Common Stock | 10.16M | 6.34M | 4.02M | 3.83M | 3.95M | 5.86M |
| Repurchase of Common Stock | -22.67M | -46.40M | -62.27M | -45.39M | -31.34M | -27.50M |
| Other Financing Activities | -4.00K | |||||
| Financing Cash Flow | -12.78M | -40.37M | -58.55M | -41.86M | -27.92M | -22.20M |
| Foreign Exchange Rate Adjustments | -165.00K | 1.03M | -418.00K | 368.00K | -436.00K | -54.00K |
| Net Cash Flow | 29.36M | 21.75M | 5.28M | 27.23M | -9.37M | -61.67M |
| Free Cash Flow | 48.61M | 59.66M | 68.66M | 45.16M | 40.39M | 21.03M |
| Free Cash Flow Margin | 8.39% | 11.19% | 13.71% | 8.96% | 8.27% | 4.31% |
| Free Cash Flow Per Share | 2.00 | 2.46 | 2.72 | 1.72 | 1.47 | 0.76 |
| Levered Free Cash Flow | 38.08M | 51.64M | 69.75M | 47.04M | 53.10M | 21.25M |
| Unlevered Free Cash Flow | 38.08M | 51.64M | 69.87M | 47.04M | 53.10M | 21.25M |
| Cash Interest Paid | 58.00K | 58.00K | 136.00K | 1.05M | 101.00K | 28.00K |
| Cash Income Tax Paid | 6.74M | 6.74M | 13.91M | 15.89M | 19.16M | 7.58M |
| Change in Working Capital | -16.54M | 567.00K | 10.97M | 5.58M | -1.60M | -25.64M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.60B | 1.20B | 958.10M | 1.00B | 692.29M | 1.42B |
| Enterprise Value | 1.43B | 1.06B | 844.57M | 910.12M | 584.16M | 1.34B |
| Last Close Price | 68.89 | 50.59 | 39.09 | 38.96 | 25.53 | 51.35 |
| PE Ratio | 46.66 | 56.40 | 57.74 | 58.34 | 42.45 | |
| Forward PE | 28.13 | 31.48 | 26.55 | 26.36 | 24.41 | 33.26 |
| PS Ratio | 2.80 | 2.25 | 1.91 | 1.99 | 1.42 | 2.90 |
| PB Ratio | 2.34 | 1.78 | 1.43 | 1.45 | 0.99 | 1.71 |
| P/TBV Ratio | 3.94 | 3.14 | 2.56 | 2.54 | 1.76 | 3.63 |
| P/FCF Ratio | 33.41 | 20.08 | 13.95 | 22.25 | 17.14 | 67.36 |
| P/OCF Ratio | 22.49 | 16.08 | 12.31 | 13.71 | 11.15 | 25.65 |
| PEG Ratio | 1.15 | 1.06 | 1.05 | 0.98 | 1.33 | |
| EV/Sales Ratio | 2.51 | 1.99 | 1.69 | 1.81 | 1.20 | 2.75 |
| EV/EBITDA Ratio | 18.84 | 17.60 | 13.70 | 13.81 | 8.80 | 19.83 |
| EV/EBIT Ratio | 30.85 | 40.53 | 33.13 | 32.07 | 21.68 | 49.47 |
| EV/FCF Ratio | 29.88 | 17.80 | 12.30 | 20.15 | 14.46 | 63.71 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 |
| Debt / EBITDA Ratio | 0.05 | 0.05 | 0.06 | 0.08 | 0.31 | 0.10 |
| Debt / FCF Ratio | 0.08 | 0.05 | 0.05 | 0.12 | 0.53 | 0.35 |
| Net Debt / Equity Ratio | -0.24 | -0.21 | -0.17 | -0.15 | -0.12 | -0.10 |
| Net Debt / EBITDA Ratio | -2.22 | -2.31 | -1.90 | -1.60 | -1.28 | -1.25 |
| Net Debt / FCF Ratio | -3.52 | -2.34 | -1.71 | -2.33 | -2.11 | -4.01 |
| Asset Turnover | 0.74 | 0.71 | 0.66 | 0.64 | 0.56 | 0.58 |
| Inventory Turnover | 20.75 | 22.17 | 21.39 | 20.70 | 20.41 | 22.10 |
| Quick Ratio | 3.28 | 3.13 | 3.24 | 3.58 | 2.24 | 2.89 |
| Current Ratio | 3.65 | 3.49 | 3.66 | 4.04 | 2.61 | 3.34 |
| Return on Equity (ROE) | 5.13% | 3.16% | 2.43% | 2.47% | -13.56% | 4.53% |
| Return on Assets (ROA) | 3.76% | 2.17% | 2.10% | 2.25% | 1.95% | 2.02% |
| Return on Invested Capital (ROIC) | 6.18% | 3.20% | 2.94% | 2.83% | 3.86% | 3.59% |
| Return on Capital Employed (ROCE) | 6.40% | 3.80% | 3.70% | 3.90% | 3.70% | 3.10% |
| Earnings Yield | 2.14% | 1.77% | 1.73% | 1.71% | -14.95% | 2.36% |
| FCF Yield | 2.99% | 4.98% | 7.17% | 4.50% | 5.83% | 1.49% |
| Buyback Yield / Dilution | 0.02% | 3.84% | 3.86% | 4.33% | 0.88% | -2.81% |