Proto Labs (PRLB) AI Stock Analysis

• Market Cap: $1.27B
• Dividend Yield: N/A
• Average Volume (3M): 186.42K
• Price to Earnings (P/E): 91.8
• Beta (1Y): 1.57
• Revenue Growth: -0.13%
• EPS Growth: -37.00%
• Country: US
• Employees: 2,357
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 0.41
• Shares Outstanding: 23,874,758
• 10 Day Avg. Volume: 215,655
• 30 Day Avg. Volume: 186,424
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.68
• Enterprise Value/Revenue: 1.70
• Enterprise Value/Gross Profit: 3.85
• Enterprise Value/Ebitda: 14.70
• 1Y Price Target: $50.00
• Price Target Upside: -9.54% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 77 Outperform
• Price Target: $61.00 ▲(10.37% Upside)

Proto Labs' strong financial performance and positive technical indicators are the main drivers of its stock score. The company's robust cash position and strategic growth in CNC machining are significant strengths. However, the high P/E ratio and challenges in certain segments and regions temper the overall score.

Positive Factors

CNC Machining Growth

The significant growth in CNC machining indicates strong demand and market position in this segment, contributing to long-term revenue stability.

Strong Cash Position

A robust cash position with no debt enhances financial flexibility, allowing for strategic investments and resilience against economic downturns.

Leadership Change

The appointment of a new CTO with a focus on technology and AI could drive innovation and enhance competitive advantage in digital manufacturing.

Negative Factors

European Revenue Decline

Declining revenue in Europe reflects regional challenges that could impact overall growth and require strategic adjustments to regain market share.

Margin Pressures

Margin pressures from tariffs could affect profitability, necessitating cost management strategies to maintain financial performance.

Injection Molding Decline

A decline in injection molding revenue suggests challenges in this segment, potentially impacting revenue diversification and growth.

Proto Labs Business Overview & Revenue Model

Company Description

Proto Labs (PRLB) is a leading digital manufacturing company that specializes in rapid prototyping and on-demand production services. Founded in 1999, the company operates primarily in the industrial and manufacturing sectors, offering services such as injection molding, CNC machining, 3D printing, and sheet metal fabrication. Proto Labs caters to a diverse range of industries including aerospace, automotive, medical, and consumer products, providing customers with fast and efficient manufacturing solutions to accelerate product development and reduce time-to-market.

How the Company Makes Money

Proto Labs generates revenue primarily through its digital manufacturing services, which include rapid prototyping and low-volume production. The company charges customers for customized manufacturing projects based on factors such as material costs, complexity, and production volume. Key revenue streams include injection molding, CNC machining, 3D printing, and other specialized fabrication services. Additionally, Proto Labs leverages a user-friendly online platform where customers can upload design files, receive instant quotes, and place orders, streamlining the purchasing process. The company's strong focus on innovation and technology has allowed it to establish significant partnerships with businesses in various sectors, enhancing its market reach and contributing to its overall earnings.

Proto Labs Financial Statement Overview

Summary

Proto Labs exhibits solid financial health characterized by stable revenue and profitability, strong balance sheet metrics, and effective cash flow management. There is room for improvement in margins and revenue growth, but the company's financials are robust overall, supporting ongoing operations and potential growth opportunities.

Income Statement

Proto Labs shows a stable gross profit margin around 44%, with a slight decrease in net profit margin from 3.3% to 2.9% in the TTM period. Revenue growth is modest at 1.5% annually, with the TTM showing a slight increase. EBIT and EBITDA margins are healthy but have shown a downward trend, indicating potential cost pressures.

Balance Sheet

The company maintains a strong equity position with a high equity ratio of nearly 100%, significantly reducing financial risk. The debt-to-equity ratio is exceptionally low, and ROE is modest. The balance sheet reflects a robust financial structure with ample liquidity.

Cash Flow

Operating cash flow is strong, with a good free cash flow margin. However, free cash flow growth is modest, and the cash flow to net income ratios indicate effective cash generation relative to net income. Cash flow stability supports operational and strategic initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	508.64M	500.89M	503.88M	488.40M	488.10M	434.39M
Gross Profit	224.66M	223.20M	221.99M	215.47M	222.69M	217.83M
EBITDA	58.83M	61.30M	66.58M	66.37M	80.83M	92.43M
Net Income	14.81M	16.59M	17.22M	-103.46M	33.37M	50.87M
Balance Sheet
Total Assets	743.25M	743.51M	772.35M	802.17M	928.58M	744.20M
Cash, Cash Equivalents and Short-Term Investments	103.19M	103.09M	102.80M	80.13M	77.51M	161.69M
Total Debt	2.83M	3.52M	5.48M	21.35M	7.44M	13.33M
Total Liabilities	78.55M	73.36M	77.06M	104.52M	100.09M	99.85M
Stockholders Equity	743.25M	670.15M	695.29M	697.65M	828.49M	644.36M
Cash Flow
Free Cash Flow	76.97M	68.66M	45.16M	40.39M	21.03M	59.96M
Operating Cash Flow	71.01M	77.83M	73.27M	62.08M	55.24M	106.97M
Investing Cash Flow	-20.80M	-13.58M	-4.55M	-43.09M	-94.66M	-95.47M
Financing Cash Flow	-56.81M	-58.55M	-41.86M	-27.92M	-22.20M	-10.73M

Proto Labs Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 55.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRLB, the sentiment is Positive. The current price of 55.27 is above the 20-day moving average (MA) of 51.39, above the 50-day MA of 50.33, and above the 200-day MA of 41.84, indicating a bullish trend. The MACD of 1.32 indicates Negative momentum. The RSI at 62.52 is Neutral, neither overbought nor oversold. The STOCH value of 77.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PRLB.

Proto Labs Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRLB	77 Outperform	$1.27B	91.84	2.19%	―	-0.13%	-37.00%
NWPX	72 Outperform	$514.46M	16.34	9.14%	―	5.83%	33.50%
IIIN	67 Neutral	$603.84M	14.68	11.36%	3.64%	22.39%	112.75%
MEC	64 Neutral	$319.40M	19.48	7.37%	―	-16.95%	66.04%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
RYI	57 Neutral	$738.96M	―	-1.73%	3.17%	-7.98%	-124.63%
TG	46 Neutral	$249.83M	642.11	-4.96%	―	-3.07%	―

Proto Labs Corporate Events

Proto Labs Appoints New Chief Technology and AI Officer

On October 3, 2025, Protolabs announced the departure of Chief Technology Officer Oleg Ryaboy, effective November 2, 2025, and the appointment of Marc Kermisch as the new Chief Technology and AI Officer, effective October 13, 2025. Kermisch, with over 25 years of experience in technology and R&D, is expected to lead Protolabs’ global technology organization, emphasizing innovation in software and AI tools to enhance the company’s digital manufacturing processes. This leadership transition marks a strategic move for Protolabs as it aims to integrate cutting-edge technology across its operations, potentially impacting its industry positioning and stakeholder engagement.

The most recent analyst rating on (PRLB) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Proto Labs stock, see the PRLB Stock Forecast page.

Proto Labs Reports Record Revenue in Q2 2025

Proto Labs Inc., a leader in digital manufacturing services, offers rapid prototyping and low-volume production solutions through its digital factories and a network of vetted manufacturing partners. In the second quarter of 2025, Proto Labs reported a record revenue of $135.1 million, marking a 7.5% increase from the previous year. The company’s GAAP earnings per share remained steady at $0.18, while non-GAAP earnings per share rose to $0.41.

Proto Labs Inc. Reports Record Revenue in Q2 2025

Proto Labs Inc. demonstrated a strong performance in its latest earnings call, reflecting a generally positive sentiment despite some challenges. The company reported record revenue driven by significant growth in CNC machining and strategic customer engagement. Although declines in Injection Molding and 3D Printing, as well as European revenue contraction and tariff impacts on margins, were noted, the company’s robust cash flow, shareholder returns, and recognition in manufacturing underscore a positive outlook.