Proto Labs, Inc. (PRLB) Financial Ratios
17 years of historical data (2009–2025) · Industrials · Manufacturing - Metal Fabrication
EV/EBITDA
↓
30.37
↑+96% vs avg
5yr avg: 15.52
30Y Low10.0·High43.4
P/FCF
↓
32.33
+14% vs avg
5yr avg: 28.47
30Y Low14.4·High127.9
P/B Ratio
↑
2.93
↑+96% vs avg
5yr avg: 1.50
30Y Low1.0·High8.7
ROE
↓
3.2%
↓+1757% vs avg
5yr avg: -0.2%
30Y Low-14%·High340%
Debt/EBITDA
↓
0.08
↓-40% vs avg
5yr avg: 0.13
30Y Low0.0·High0.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PRLB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Proto Labs, Inc. trades at 92.1x earnings, 69% above its 5-year average of 54.5x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 261%. On a free-cash-flow basis, the stock trades at 32.3x P/FCF, 14% above the 5-year average of 28.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.2B | $986M | $1.0B | $700M | $1.4B | $4.1B | $2.7B | $3.1B | $2.8B | $1.4B |
| Enterprise Value | $1.8B | $1.1B | $900M | $943M | $665M | $1.4B | $4.0B | $2.6B | $3.0B | $2.7B | $1.3B |
| P/E Ratio → | 92.11 | 57.49 | 59.23 | 59.03 | — | 42.44 | 81.16 | 43.21 | 40.14 | 53.37 | 31.89 |
| P/S Ratio | 3.62 | 2.30 | 1.97 | 2.03 | 1.43 | 2.91 | 9.50 | 5.99 | 6.90 | 8.03 | 4.58 |
| P/B Ratio | 2.93 | 1.83 | 1.47 | 1.47 | 1.00 | 1.71 | 6.40 | 4.69 | 5.68 | 6.00 | 3.59 |
| P/FCF | 32.33 | 20.56 | 14.35 | 22.62 | 17.32 | 67.51 | 68.81 | 51.04 | 85.88 | 56.30 | 32.99 |
| P/OCF | 25.89 | 16.46 | 12.66 | 13.94 | 11.27 | 25.70 | 38.57 | 23.67 | 25.03 | 33.82 | 18.20 |
P/E links to full P/E history page with 30-year chart
PRLB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Proto Labs, Inc.'s enterprise value stands at 30.4x EBITDA, 96% above its 5-year average of 15.5x. The Industrials sector median is 13.9x, placing the stock at a 119% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.10 | 1.80 | 1.87 | 1.36 | 2.79 | 9.23 | 5.74 | 6.71 | 7.93 | 4.35 |
| EV / EBITDA | 30.37 | 18.67 | 14.68 | 14.31 | 10.01 | 19.93 | 43.40 | 23.79 | 25.87 | 30.14 | 16.34 |
| EV / EBIT | 69.56 | 36.07 | 36.18 | 32.47 | — | 33.88 | 63.73 | 32.44 | 32.64 | 36.72 | 20.17 |
| EV / FCF | — | 18.78 | 13.11 | 20.89 | 16.45 | 64.73 | 66.91 | 48.93 | 83.51 | 55.65 | 31.32 |
PRLB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Proto Labs, Inc. earns an operating margin of 4.9%, roughly in line with the Industrials sector average. ROE of 3.2% is modest, trailing the sector median of 8.2%. ROIC of 3.4% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 44.5% | 44.6% | 44.1% | 44.1% | 45.6% | 50.1% | 51.3% | 53.6% | 56.3% | 56.0% |
| Operating Margin | 4.9% | 4.9% | 5.1% | 5.6% | 5.5% | 5.7% | 13.8% | 17.4% | 20.0% | 21.0% | 20.7% |
| Net Profit Margin | 4.0% | 4.0% | 3.3% | 3.4% | -21.2% | 6.8% | 11.7% | 13.9% | 17.2% | 15.0% | 14.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.2% | 3.2% | 2.4% | 2.5% | -13.6% | 4.5% | 8.3% | 11.3% | 15.3% | 12.3% | 12.1% |
| ROA | 2.8% | 2.8% | 2.2% | 2.2% | -12.0% | 4.0% | 7.2% | 9.8% | 13.5% | 11.1% | 11.0% |
| ROIC | 3.4% | 3.4% | 3.2% | 3.3% | 2.8% | 3.2% | 9.0% | 12.9% | 15.1% | 14.6% | 15.7% |
| ROCE | 3.8% | 3.8% | 3.6% | 3.9% | 3.4% | 3.6% | 9.1% | 13.4% | 17.1% | 16.7% | 17.0% |
PRLB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Proto Labs, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (98% below the sector average of 3.2x). The company holds a net cash position — cash of $111M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.02 | 0.02 | — | 0.01 | — |
| Debt / EBITDA | 0.08 | 0.08 | 0.06 | 0.08 | 0.32 | 0.11 | 0.14 | 0.11 | — | 0.06 | — |
| Net Debt / Equity | — | -0.16 | -0.13 | -0.11 | -0.05 | -0.07 | -0.18 | -0.19 | -0.16 | -0.07 | -0.18 |
| Net Debt / EBITDA | -1.77 | -1.77 | -1.40 | -1.19 | -0.53 | -0.86 | -1.24 | -1.02 | -0.74 | -0.35 | -0.87 |
| Debt / FCF | — | -1.78 | -1.25 | -1.73 | -0.87 | -2.78 | -1.91 | -2.11 | -2.37 | -0.65 | -1.66 |
| Interest Coverage | — | — | 124.36 | 26.41 | — | — | — | — | — | — | — |
Net cash position: cash ($111M) exceeds total debt ($5M)
PRLB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Proto Labs, Inc.'s current ratio of 3.49x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.04x to 3.49x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.49 | 3.49 | 3.66 | 4.04 | 2.61 | 3.34 | 4.82 | 4.97 | 4.08 | 3.89 | 6.74 |
| Quick Ratio | 3.27 | 3.27 | 3.43 | 3.76 | 2.42 | 3.10 | 4.60 | 4.76 | 3.89 | 3.63 | 6.34 |
| Cash Ratio | 1.91 | 1.91 | 1.94 | 2.07 | 1.12 | 1.41 | 3.22 | 3.38 | 2.50 | 2.22 | 4.62 |
| Asset Turnover | — | 0.70 | 0.67 | 0.65 | 0.61 | 0.53 | 0.58 | 0.68 | 0.72 | 0.67 | 0.72 |
| Inventory Turnover | 20.55 | 20.55 | 22.57 | 20.64 | 20.10 | 20.17 | 19.94 | 22.18 | 20.51 | 13.37 | 14.08 |
| Days Sales Outstanding | — | 55.75 | 50.58 | 54.38 | 59.99 | 60.85 | 49.08 | 45.71 | 53.17 | 56.51 | 42.26 |
PRLB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Proto Labs, Inc. returns 2.2% to shareholders annually primarily through share buybacks. The earnings yield of 1.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.7% | 1.7% | 1.7% | — | 2.4% | 1.2% | 2.3% | 2.5% | 1.9% | 3.1% |
| FCF Yield | 3.1% | 4.9% | 7.0% | 4.4% | 5.8% | 1.5% | 1.5% | 2.0% | 1.2% | 1.8% | 3.0% |
| Buyback Yield | 2.2% | 3.5% | 6.1% | 4.3% | 4.2% | 1.6% | 0.4% | 1.2% | 0.4% | 0.2% | 0.0% |
| Total Shareholder Yield | 2.2% | 3.5% | 6.1% | 4.3% | 4.2% | 1.6% | 0.4% | 1.2% | 0.4% | 0.2% | 0.0% |
| Shares Outstanding | — | $24M | $25M | $26M | $27M | $28M | $27M | $27M | $27M | $27M | $27M |
Peer Comparison
Compare PRLB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PRLBYou | $2B | 92.1 | 30.4 | 32.3 | 44.5% | 4.9% | 3.2% | 3.4% | 0.1 |
 SSYS | $769M | -7.0 | — | — | 47.0% | -10.7% | -12.7% | -5.8% | — |
 XMTR | $5B | -76.5 | — | — | 39.1% | -6.6% | -20.9% | -5.7% | — |
 MTLS | $396M | 45.1 | 10.8 | 37.9 | 57.1% | 1.9% | 2.9% | 2.0% | 2.6 |
 NNDM | $282M | -1.0 | — | — | 33.5% | -89.0% | -41.6% | -15.0% | — |
 PTC | $14B | 18.9 | 13.3 | 15.9 | 83.8% | 35.9% | 20.9% | 14.9% | 1.2 |
 ADSK | $41B | 37.1 | 20.8 | 17.0 | 91.0% | 24.9% | 39.7% | 37.8% | 1.4 |
 TKR | $10B | 34.6 | 14.7 | 24.4 | 28.7% | 12.4% | 9.1% | 8.5% | 2.7 |
 EME | $37B | 29.7 | 20.1 | 31.3 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 AMSC | $2B | 14.2 | 76.2 | 113.4 | 29.8% | 5.6% | 35.6% | 4.7% | 0.2 |
 VELO | $579M | -6.9 | — | — | -16.1% | -119.5% | -0.4% | -0.2% | — |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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PRLB — Frequently Asked Questions
Quick answers to the most common questions about buying PRLB stock.
What is Proto Labs, Inc.'s P/E ratio?
Proto Labs, Inc.'s current P/E ratio is 92.1x. The historical average is 49.1x. This places it at the 100th percentile of its historical range.
What is Proto Labs, Inc.'s EV/EBITDA?
Proto Labs, Inc.'s current EV/EBITDA is 30.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.4x.
What is Proto Labs, Inc.'s ROE?
Proto Labs, Inc.'s return on equity (ROE) is 3.2%. The historical average is 31.6%.
Is PRLB stock overvalued?
Based on historical data, Proto Labs, Inc. is trading at a P/E of 92.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Proto Labs, Inc.'s profit margins?
Proto Labs, Inc. has 44.5% gross margin and 4.9% operating margin.
How much debt does Proto Labs, Inc. have?
Proto Labs, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.