Proto Labs Inc - Understand $prlb stock

$PRLB Market Cap: $1.034 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$504.2M

TTM

Gross Margin

45.03%

TTM

Net Earnings

$23.99M

TTM

Current Assets

$193.1M

Q3 2024

Current Liabilities

$53.76M

Q3 2024

Current Ratio

359.15%

Q3 2024

Total Assets

$753.8M

Q3 2024

Total Liabilities

$73.79M

Q3 2024

Book Value

$680.0M

Q3 2024

Cash

$87.87M

Q3 2024

P/E

43.11

Nov 29, 2024 EST

Free Cash Flow

$51.25M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$503.9M	$488.4M	$488.1M	$434.4M	$458.7M	$445.6M	$344.5M	$298.1M	$264.1M	$209.6M	$163.1M	$126.0M	$98.94M	$64.92M	$43.80M	$44.40M	$35.90M
YoY Change	3.17%	0.06%	12.36%	-5.3%	2.95%	29.35%	15.58%	12.85%	26.01%	28.49%	29.46%	27.34%	52.4%	48.22%	-1.35%	23.68%	39.15%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$503.9M	$488.4M	$488.1M	$434.4M	$458.7M	$445.6M	$344.5M	$298.1M	$264.1M	$209.6M	$163.1M	$126.0M	$98.94M	$64.92M	$43.80M	$44.40M	$35.90M
Cost Of Revenue	$281.9M	$272.9M	$265.4M	$216.6M	$223.4M	$206.9M	$150.6M	$131.1M	$109.7M	$81.18M	$61.41M	$49.85M	$39.32M	$25.44M	$18.60M	$17.70M	$14.30M
Gross Profit	$222.0M	$215.5M	$222.7M	$217.8M	$235.3M	$238.7M	$193.8M	$166.9M	$154.4M	$128.4M	$101.7M	$76.14M	$59.62M	$39.48M	$25.30M	$26.70M	$21.70M
Gross Profit Margin	44.06%	44.12%	45.62%	50.14%	51.29%	53.56%	56.27%	56.01%	58.46%	61.26%	62.35%	60.43%	60.25%	60.81%	57.76%	60.14%	60.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$153.5M	$150.3M	$138.1M	$121.1M	$122.7M	$121.0M	$98.06M	$82.78M	$68.90M	$51.27M	$38.54M	$32.06M	$27.52M	$18.50M	$14.20M	$12.90M	$11.00M
YoY Change	2.12%	8.82%	14.09%	-1.38%	1.4%	23.45%	18.45%	20.14%	34.4%	33.02%	20.23%	16.46%	48.81%	30.25%	10.08%	17.27%	57.14%
% of Gross Profit	69.14%	69.75%	62.02%	55.57%	52.17%	50.71%	50.59%	49.59%	44.63%	39.93%	37.9%	42.1%	46.17%	46.85%	56.13%	48.31%	50.69%
Research & Development	$40.14M	$38.20M	$44.20M	$36.90M	$32.70M	$28.70M	$23.60M	$22.39M	$18.35M	$16.61M	$11.86M	$9.137M	$5.222M	$4.281M	$3.100M	$3.100M	$2.300M
YoY Change	5.07%	-13.57%	19.78%	12.84%	13.94%	21.61%	5.41%	22.01%	10.5%	39.99%	29.83%	74.97%	21.98%	38.1%	0.0%	34.78%	43.75%
% of Gross Profit	18.08%	17.73%	19.85%	16.94%	13.9%	12.02%	12.17%	13.41%	11.88%	12.93%	11.66%	12.0%	8.76%	10.84%	12.25%	11.61%	10.6%
Depreciation & Amortization	$37.53M	$39.43M	$40.49M	$32.59M	$30.86M	$26.75M	$18.47M	$17.49M	$14.13M	$11.14M	$7.569M	$6.080M	$4.264M	$3.483M	$2.900M	$2.600M
YoY Change	-4.81%	-2.63%	24.22%	5.61%	15.36%	44.82%	5.66%	23.78%	26.83%	47.15%	24.49%	42.59%	22.42%	20.1%	11.54%
% of Gross Profit	16.91%	18.3%	18.18%	14.96%	13.12%	11.21%	9.53%	10.47%	9.15%	8.67%	7.44%	7.99%	7.15%	8.82%	11.46%	9.74%
Operating Expenses	$193.6M	$313.4M	$182.3M	$158.0M	$155.4M	$149.8M	$121.6M	$105.2M	$87.25M	$67.87M	$50.40M	$41.19M	$32.75M	$23.55M	$17.30M	$16.10M	$13.20M
YoY Change	-38.23%	71.89%	15.42%	1.65%	3.77%	23.16%	15.64%	20.53%	28.55%	34.66%	22.36%	25.79%	39.05%	36.13%	7.45%	21.97%	53.49%
Operating Profit	$28.38M	-$97.98M	$40.34M	$59.84M	$79.86M	$88.90M	$72.23M	$61.77M	$67.15M	$60.53M	$51.30M	$34.95M	$26.87M	$15.93M	$8.000M	$10.60M	$8.500M
YoY Change	-128.97%	-342.88%	-32.58%	-25.07%	-10.17%	23.08%	16.93%	-8.02%	10.94%	17.99%	46.8%	30.06%	68.71%	99.07%	-24.53%	24.71%	14.86%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$215.0K	$106.0K	-$158.0K	$3.109M	$1.337M	$2.757M	$2.209M	$2.454M	$712.0K	$3.000K	$279.0K	$23.00K	-$114.0K	-$213.0K	-$500.0K	-$400.0K	$0.00
YoY Change	-302.83%	-167.09%	-105.08%	132.54%	-51.51%	24.81%	-9.98%	244.66%	23633.33%	-98.92%	1113.04%	-120.18%	-46.48%	-57.4%	25.0%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$27.95M	-$97.88M	$40.18M	$62.95M	$81.19M	$91.66M	$74.44M	$64.22M	$67.86M	$60.53M	$51.58M	$34.97M	$26.76M	$15.71M	$7.400M	$10.30M	$8.400M
YoY Change	-128.56%	-343.57%	-36.16%	-22.47%	-11.41%	23.13%	15.9%	-5.36%	12.11%	17.36%	47.5%	30.7%	70.27%	112.34%	-28.16%	22.62%	15.07%
Income Tax	$10.73M	$5.585M	$6.812M	$12.08M	$17.54M	$15.07M	$22.66M	$21.51M	$21.35M	$18.90M	$16.30M	$10.94M	$8.783M	$4.762M	$3.200M	$3.400M	$2.900M
% Of Pretax Income	38.39%		16.95%	19.19%	21.6%	16.44%	30.44%	33.5%	31.46%	31.22%	31.6%	31.3%	32.83%	30.31%	43.24%	33.01%	34.52%
Net Earnings	$17.22M	-$103.5M	$33.37M	$50.87M	$63.66M	$76.59M	$51.78M	$42.71M	$46.51M	$41.64M	$35.28M	$24.03M	$17.97M	$10.95M	$4.200M	$6.900M	$5.500M
YoY Change	-116.64%	-410.03%	-34.39%	-20.09%	-16.89%	47.92%	21.24%	-8.18%	11.72%	18.02%	46.83%	33.68%	64.11%	160.74%	-39.13%	25.45%	17.02%
Net Earnings / Revenue	3.42%	-21.18%	6.84%	11.71%	13.88%	17.19%	15.03%	14.33%	17.61%	19.87%	21.63%	19.07%	18.16%	16.87%	9.59%	15.54%	15.32%
Basic Earnings Per Share	$0.66	-$3.77	$1.21	$1.90	$2.37	$2.84	$1.94	$1.62	$1.79	$1.62	$1.40	$1.03	$0.75	$0.40
Diluted Earnings Per Share	$0.66	-$3.77	$1.21	$1.89	$2.35	$2.81	$1.93	$1.61	$1.77	$1.60	$1.36	$0.98	$0.67	$0.34	$181.0K	$297.4K	$237.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$102.8M	$80.13M	$77.51M	$161.7M	$160.7M	$131.8M	$94.10M	$108.3M	$80.90M	$74.00M	$79.40M	$61.90M	$8.400M	$6.900M	$4.500M
YoY Change	28.3%	3.38%	-52.07%	0.62%	21.93%	40.06%	-13.11%	33.87%	9.32%	-6.8%	28.27%	636.9%	21.74%	53.33%
Cash & Equivalents	$83.79M	$56.56M	$65.93M	$127.6M	$125.2M	$85.00M	$36.70M	$68.80M	$47.70M	$43.30M	$43.00M	$36.80M	$8.100M	$6.100M	$2.700M
Short-Term Investments	$19.01M	$23.57M	$11.58M	$34.10M	$35.40M	$46.80M	$57.40M	$39.50M	$33.20M	$30.70M	$36.30M	$25.10M	$300.0K	$800.0K	$1.700M
Other Short-Term Assets	$9.124M	$12.60M	$11.45M	$11.00M	$8.200M	$8.600M	$6.300M	$5.700M	$5.200M	$3.400M	$4.100M	$6.000M	$4.300M	$2.000M	$1.100M
YoY Change	-27.57%	10.02%	4.09%	34.15%	-4.65%	36.51%	10.53%	9.62%	52.94%	-17.07%	-31.67%	39.53%	115.0%	81.82%
Inventory	$13.66M	$13.58M	$13.16M	$10.90M	$10.10M	$10.10M	$11.30M	$9.300M	$9.800M	$6.200M	$5.200M	$4.600M	$3.800M	$1.600M	$1.100M
Prepaid Expenses
Receivables	$72.85M	$76.23M	$80.05M	$57.90M	$57.50M	$59.20M	$51.50M	$34.10M	$36.10M	$24.20M	$18.30M	$15.80M	$11.50M	$8.400M	$5.500M
Other Receivables	$2.228M	$4.042M	$1.321M	$500.0K	$0.00	$5.700M	$1.800M	$400.0K	$6.100M	$0.00	$2.900M	$1.900M	$0.00	$0.00	$0.00
Total Short-Term Assets	$200.7M	$186.6M	$183.5M	$242.0M	$236.4M	$215.4M	$165.0M	$157.8M	$138.0M	$107.9M	$109.8M	$90.20M	$28.10M	$18.90M	$12.20M
YoY Change	7.55%	1.68%	-24.18%	2.37%	9.75%	30.55%	4.56%	14.35%	27.9%	-1.73%	21.73%	221.0%	48.68%	54.92%
Property, Plant & Equipment	$259.2M	$279.2M	$287.8M	$294.9M	$275.1M	$228.0M	$166.4M	$139.5M	$125.5M	$91.60M	$56.10M	$45.30M	$34.20M	$19.50M	$16.60M
YoY Change	-7.13%	-3.01%	-2.4%	7.2%	20.66%	37.02%	19.28%	11.16%	37.01%	63.28%	23.84%	32.46%	75.38%	17.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.019M	$26.42M	$14.34M	$59.40M	$13.00M	$23.60M	$37.00M	$84.50M	$64.80M	$54.30M	$64.00M	$37.00M	$0.00
YoY Change	-69.65%	84.23%	-75.86%	356.92%	-44.92%	-36.22%	-56.21%	30.4%	19.34%	-15.16%	72.97%
Other Assets	$4.856M	$4.779M	$4.320M	$4.800M	$3.000M	$3.400M	$2.700M	$900.0K	$500.0K	$200.0K	$300.0K	$300.0K	$0.00
YoY Change	1.61%	10.63%	-10.0%	60.0%	-11.76%	25.93%	200.0%	80.0%	150.0%	-33.33%	0.0%
Total Long-Term Assets	$571.7M	$615.6M	$745.1M	$502.2M	$437.3M	$403.6M	$353.7M	$256.4M	$223.0M	$179.1M	$120.4M	$82.50M	$34.20M	$19.50M	$16.60M
YoY Change	-7.13%	-17.38%	48.37%	14.84%	8.35%	14.11%	37.95%	14.98%	24.51%	48.75%	45.94%	141.23%	75.38%	17.47%
Total Assets	$772.4M	$802.2M	$928.6M	$744.2M	$673.7M	$619.0M	$518.7M	$414.2M	$361.0M	$287.0M	$230.2M	$172.7M	$62.30M	$38.40M	$28.80M
YoY Change
Accounts Payable	$15.64M	$17.36M	$25.36M	$18.20M	$16.80M	$17.40M	$15.90M	$11.30M	$13.60M	$7.900M	$6.500M	$4.800M	$4.400M	$2.800M	$1.500M
YoY Change	-9.91%	-31.57%	39.36%	8.33%	-3.45%	9.43%	40.71%	-16.91%	72.15%	21.54%	35.42%	9.09%	57.14%	86.67%
Accrued Expenses	$33.75M	$36.69M	$28.98M	$31.50M	$29.50M	$34.80M	$20.50M	$12.10M	$12.60M	$8.800M	$7.000M	$6.500M	$5.100M	$2.000M	$1.400M
YoY Change	-8.01%	26.59%	-7.99%	6.78%	-15.23%	69.76%	69.42%	-3.97%	43.18%	25.71%	7.69%	27.45%	155.0%	42.86%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$5.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change						-100.0%
Long-Term Debt Due	$296.0K	$17.54M	$550.0K	$600.0K					$0.00	$100.0K	$200.0K	$300.0K	$400.0K	$3.700M	$4.600M
YoY Change	-98.31%	3088.55%	-8.33%						-100.0%	-50.0%	-33.33%	-25.0%	-89.19%	-19.57%
Total Short-Term Liabilities	$49.68M	$71.58M	$54.90M	$50.30M	$47.60M	$52.70M	$43.80M	$23.40M	$26.30M	$18.80M	$13.70M	$11.50M	$9.900M	$8.500M	$7.600M
YoY Change	-30.59%	30.39%	9.14%	5.67%	-9.68%	20.32%	87.18%	-11.03%	39.89%	37.23%	19.13%	16.16%	16.47%	11.84%
Long-Term Debt	$595.0K	$0.00	$1.351M	$1.900M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$400.0K	$600.0K	$1.300M	$4.700M
YoY Change		-100.0%	-28.89%							-100.0%	-50.0%	-33.33%	-53.85%	-72.34%
Other Long-Term Liabilities	$8.040M	$6.617M	$7.950M	$13.80M	$14.00M	$4.600M	$6.800M	$4.000M	$2.900M	$1.400M	$1.000M	$800.0K	$900.0K	$700.0K	$200.0K
YoY Change	21.51%	-16.77%	-42.39%	-1.43%	204.35%	-32.35%	70.0%	37.93%	107.14%	40.0%	25.0%	-11.11%	28.57%	250.0%
Total Long-Term Liabilities	$8.635M	$6.617M	$9.301M	$15.70M	$14.00M	$4.600M	$6.800M	$4.000M	$2.900M	$1.400M	$1.200M	$1.200M	$1.500M	$2.000M	$4.900M
YoY Change	30.5%	-28.86%	-40.76%	12.14%	204.35%	-32.35%	70.0%	37.93%	107.14%	16.67%	0.0%	-20.0%	-25.0%	-59.18%
Total Liabilities	$77.06M	$104.5M	$100.1M	$99.80M	$87.90M	$77.50M	$57.50M	$34.40M	$33.40M	$21.50M	$18.50M	$16.00M	$15.70M	$11.70M	$13.30M
YoY Change	-26.27%	4.43%	0.29%	13.54%	13.42%	34.78%	67.15%	2.99%	55.35%	16.22%	15.63%	1.91%	34.19%	-12.03%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	26.19M shares	27.41M	27.62M	26.74M	26.87M	26.98M	26.65M	26.37M	26.01M	25.69M	25.20M	23.37M shares	12.35M shares	11.08M shares
Diluted Shares Outstanding	26.22M shares	27.41M	27.65M	26.90M	27.05M	27.28M	26.85M	26.56M	26.32M	26.10M	25.86M	24.44M shares	13.94M shares	13.05M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.0341 Billion

About Proto Labs Inc

Proto Labs, Inc. engages in the manufacture of custom prototypes and production parts. The company is headquartered in Maple Plain, Minnesota and currently employs 2,415 full-time employees. The company went IPO on 2012-02-24. The firm utilizes injection molding, computer numerical control (CNC) machining, three-dimensional (3D) printing and sheet metal fabrication to manufacture custom parts for its customers. The firm targets its products to product developers and engineers who use 3D computer-aided design (CAD) software to design products across a diverse range of end-markets, to the procurement and supply chain professionals seeking to source custom parts on-demand, and to various customers seeking to purchase low-volume custom parts. The Company, through Protolabs Network by Hubs (Protolabs Network), provides its customers access to a global network of manufacturing partners. Its customers engage with the Company throughout the lifecycle of their product, from early-stage prototyping through end-use production to end-of-life replacement and other parts needs. The company has operations in the United States and Europe.

Industry: Fabricated Structural Metal Products Peers: ENERPAC TOOL GROUP CORP BARNES GROUP INC Desktop Metal, Inc. Energy Recovery, Inc. Hillman Solutions Corp. ILLINOIS TOOL WORKS INC Velo3D, Inc. Omega Flex, Inc. STANDEX INTERNATIONAL CORP/DE/ TENNANT CO