# Proto Labs, Inc. (PRLB)

> Source: Nexqual · https://nexqual.com/PRLB · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Proto Labs, Inc. (PRLB), nexqual.com/PRLB" · informational, not investment advice.

**Price:** USD 87.41 (-1.75% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 88.97 · day 84–88.23 · 52w 45.1–99.96 · market cap $2.09B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $561M, net income $30.5M (5.4% margin), free cash flow $56.7M (SEC filings).
- Valuation: P/E 68.6x (avg 58.8x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold PRLB (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 95.5 (range 87–110).
- Total return with dividends: 1Y +60.3% vs S&P 500 +18.1%; 5Y +23.4% vs S&P 500 +85.1%.
- Next earnings: 2026-10-29, EPS estimate USD 0.6, revenue estimate $149M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $488M | $488M | $504M | $501M | $533M | $561M |
| Gross profit | $223M | $215M | $222M | $223M | $237M | — |
| Operating income | $40.3M | -$98.0M | $28.2M | $19.9M | $25.1M | $36.8M |
| Net income | $33.4M | -$103M | $17.2M | $16.6M | $21.2M | $30.5M |
| EPS (diluted) | $1.21 | -$3.77 | $0.66 | $0.66 | $0.88 | — |
| Free cash flow | $21.0M | $40.4M | $45.2M | $68.7M | $59.7M | $56.7M |
| Gross margin | 45.6% | 44.1% | 44.1% | 44.6% | 44.5% | — |
| Operating margin | 8.3% | -20.1% | 5.6% | 4.0% | 4.7% | 6.6% |
| Net margin | 6.8% | -21.2% | 3.4% | 3.3% | 4.0% | 5.4% |
| Revenue growth | +12.4% | +0.1% | +3.2% | -0.6% | +6.4% | — |
| Cash + short-term investments | $77.5M | $80.1M | $103M | $103M | $128M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 68.6x · P/S 3.7x · P/FCF 36.9x · P/B 3.0x · FCF yield 2.71% · Earnings yield 1.46% · Buyback yield (TTM) 1.15%
P/E at fiscal year-ends: Dec 2025 57.7x, Dec 2024 59.4x, Dec 2023 59.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold PRLB. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.02% | $2.9M | Reduced -6.9% |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 95.5 (low 87, high 110).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | Needham | Upgrade | Hold → Buy | $87 |
| 2026-07-06 | Benchmark | Target raised | Buy | $70 → $91 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +60.3% | +23.4% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +60.6% | +4.3% |
| Volatility (annualized) | 46.0% | 48.2% |
| Max drawdown | -19.5% (Feb 2026→Mar 2026) | -67.4% (Oct 2021→Oct 2023) |

## Peers (Metal Fabrication)
WOR (Worthington Enterprises, Inc.) USD 63.84 +0.14% · RYZ (Ryerson Holding Corporation) USD 26.72 -0.52% · GPGI (GPGI, Inc.) USD 12.69 -0.24% · ESAB (ESAB Corporation) USD 65.63 -1.84% · IIIN (Insteel Industries, Inc.) USD 29.67 -2.27% · MEC (Mayville Engineering Company, I) USD 14.21 -3.73%

## More
Full page: https://nexqual.com/PRLB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt