Xometry (XMTR) AI Stock Analysis

• Market Cap: $1.70B
• Dividend Yield: N/A
• Average Volume (3M): 627.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.62
• Revenue Growth: 19.35%
• EPS Growth: 27.83%
• Country: US
• Employees: 1,088
• Sector: Industrials
• Sector Strength: 93
• Industry: Industrial - Machinery
• EPS (TTM): 0.02
• Shares Outstanding: 49,201,344
• 10 Day Avg. Volume: 626,589
• 30 Day Avg. Volume: 627,946
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $34.71
• Price Target Upside: 3.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 60 Neutral
• Price Target: $32.00 ▼( -4.45% Downside)

Xometry's strong revenue growth and positive momentum are offset by profitability challenges and valuation concerns. The earnings call highlights optimism with positive EBITDA but also notes areas needing improvement, such as international growth and workforce restructuring.

Positive Factors

Financial Performance

Xometry produced a strong quarter with total revenues above Street estimates and guidance for future growth remains positive.

Market Position

Xometry has a significantly larger manufacturing partner base with 4,375 partners compared to Fictiv's 250, suggesting a more extensive network.

Revenue Growth

Shares increased more than 10% after Xometry reported first-quarter revenue and adjusted EBITDA above expectations.

Negative Factors

Competition

Fictiv has been acquired by a large group, which could increase competition for Xometry due to enhanced resources and capabilities.

EBITDA Outlook

The revised second-quarter adjusted EBITDA estimate is lower than previously forecasted.

First-Quarter Outlook

Shares declined about 9% in the trading day following the report due to the first-quarter outlook being slightly below expectations.

Xometry Business Overview & Revenue Model

Company Description

Xometry, Inc. operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling. In addition, it provides other services comprising urethane and die casting, vapor smoothing, finishing, rapid prototyping, high- volume production, and assembly services. The company offers its products under the Allied Machine & Engineering, Brubaker, HTC, OSG, Kyocera, Mitsubishi Materials, SOWA, Viking Drill & Tool, Dauphin, and Sandvik brands. It serves aerospace and defense, automotive, consumer products, product designers, education, electronic and semiconductors, energy, hardware startups, industrial, medical and dental, robotics, and supply chain and purchasing industries. The company was formerly known as NextLine Manufacturing Corp. and changed its name to Xometry, Inc. in June 2015. Xometry, Inc. was incorporated in 2013 and is headquartered in Derwood, Maryland.

How the Company Makes Money

Xometry makes money primarily through its marketplace model, where it connects businesses seeking custom manufacturing services with its network of vetted manufacturing partners. The company charges a fee or commission on transactions facilitated through its platform, which varies based on the complexity and scope of the orders. Additionally, Xometry offers value-added services such as design assistance and supply chain management, which contribute to its revenue. The company's revenue is also bolstered by partnerships with major industrial and technology firms, enhancing its platform's capabilities and expanding its customer base.

Xometry Financial Statement Overview

Summary

Xometry shows positive revenue growth and some improvement in cash flow generation. However, profitability remains a challenge with consistent net losses and negative cash flows. The company's high leverage and negative return on equity present potential risks, but the stable equity ratio provides a buffer. Continued focus on efficiency and cost management is necessary to improve financial health.

Income Statement

Xometry's income statement shows consistent revenue growth over the years, with a 17.72% increase in 2024. However, the company is facing challenges with profitability, as evidenced by negative net income and EBIT margins. The gross profit margin improved slightly, indicating some efficiency in production, but the net profit margin remains negative, signaling ongoing struggles with overall profitability.

Balance Sheet

The balance sheet reflects a relatively high debt-to-equity ratio, which stands at 0.94 for 2024, highlighting significant leverage. However, the equity ratio of 46.23% indicates a stable proportion of equity financing. Return on equity remains negative due to continued net losses, which is a concern for long-term financial health.

Cash Flow

Xometry's cash flow statement reveals negative free cash flow, though there is an improvement in operating cash flow. The company has reduced its negative free cash flow by 30.77% year-over-year, but the operating cash flow to net income ratio remains negative, indicating cash flow challenges in covering net losses.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
545.53M	463.41M	381.05M	218.34M	141.41M
	Gross Profit
215.62M	178.26M	147.57M	57.14M	33.29M
	EBIT
-56.15M	-73.58M	-73.23M	-58.69M	-27.62M
	EBITDA
-32.66M	-52.30M	-59.53M	-55.88M	-25.83M
	Net Income Common Stockholders
-50.40M	-67.47M	-76.01M	-59.41M	-31.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
239.84M	268.78M	319.43M	116.73M	59.87M
	Total Assets
680.13M	707.39M	736.92M	502.59M	88.96M
	Total Debt
295.14M	299.52M	302.32M	22.47M	17.90M
	Net Debt
272.90M	246.09M	-17.11M	-63.79M	-41.98M
	Total Liabilities
364.53M	376.97M	362.09M	77.10M	39.50M
	Stockholders Equity
314.45M	329.30M	373.74M	424.45M	49.46M
Cash Flow		Free Cash Flow
-33.48M	-48.36M	-76.22M	-74.83M	-26.24M
	Operating Cash Flow
-15.38M	-29.88M	-62.58M	-68.57M	-22.05M
	Investing Cash Flow
-20.18M	16.81M	15.14M	-212.75M	6.67M
	Financing Cash Flow
4.64M	1.07M	280.97M	307.77M	35.26M

Xometry Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.49
• 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 XMTR, the sentiment is Positive. The current price of 33.49 is above the 20-day moving average (MA) of 30.69, above the 50-day MA of 26.56, and above the 200-day MA of 27.04, indicating a bullish trend. The MACD of 2.33 indicates Negative momentum. The RSI at 65.34 is Neutral, neither overbought nor oversold. The STOCH value of 59.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for XMTR.

Xometry Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SXI	68 Neutral	$1.76B	28.82	9.29%	0.85%	2.67%	-18.41%
TNC	65 Neutral	$1.35B	20.29	11.04%	1.58%	1.35%	-40.63%
Sector *	65 Neutral	$4.41B	11.90	5.29%	249.66%	3.97%	-12.44%
HLIO	63 Neutral	$987.62M	26.60	4.27%	1.21%	-5.39%	12.14%
XMTR	60 Neutral	$1.70B	―	-15.50%	―	19.35%	27.83%
KRNT	58 Neutral	$994.49M	―	-1.15%	―	3.05%	84.62%
HI	48 Neutral	$1.32B	―	-18.22%	4.77%	0.31%	-423.59%

Xometry Corporate Events

Xometry Board Member Deborah Bial to Step Down

On March 11, 2025, Deborah Bial, a member of Xometry, Inc.’s Board of Directors since October 2020, announced she will not stand for reelection at the company’s 2025 Annual Meeting of Stockholders. Her departure is not due to any disagreements with the company or its management, and she will cease her roles at the meeting, impacting the ESG Committee and other board committees.