One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Xometry, Inc.
XMTR · NMS · Industrials · Industrial Distribution
Current price
$119.31
52-week range
$35.86 - $123.39
Market cap
$6.88B
Balance sheet
Healthy
-9.27x Concerning
Net cash $162.35M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 28.1% last year.
- Risk Return on equity was -3.9% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 6.9% (peer median: 7.4%).
What this company does
Xometry, Inc.
Xometry runs an online marketplace that uses smart computer programs to help people find and get custom-made parts and assemblies, like metal or plastic pieces for planes or cars. The company makes money by taking a slice of the sales that happen on its platform, similar to how a real estate agent gets a commission. This is important because it shows how Xometry is building a system (sometimes called an ecosystem) where buyers and manufacturers can easily connect, and it helps them understand how much profit they are making from each sale (their margins).
How the company got here
Xometry was founded in 2013 by entrepreneurs who saw an opportunity to make it easier for businesses to get custom-manufactured parts. They created an online platform that uses artificial intelligence (AI) to connect buyers needing parts with manufacturers who can make them. The company has grown significantly since then, expanding its services and acquiring other businesses, like Thomas, which is a well-known industrial sourcing platform. Xometry went public in 2021, which means its stock is now available for purchase by the public, giving it access to more capital to fund its growth.
What it actually does
Imagine you need a specific part for a product you're designing, but you don't have the machinery to make it yourself. Xometry acts like a digital matchmaker for these situations. You upload your design to their website, and their AI instantly figures out how much it will cost and how long it will take to make. Then, they connect you with a manufacturer in their network who can produce that exact part for you. This process saves businesses time and hassle compared to traditional methods of finding and working with manufacturers.
Xometry Marketplace
This is the core of Xometry's business. It's an online platform where buyers can get custom-manufactured parts. When a buyer uploads a design, Xometry's AI-powered 'Instant Quoting Engine' quickly provides a price and estimated delivery time. This engine considers factors like the part's complexity, the materials needed, and where it will be made. Xometry then finds a suitable manufacturer from its large network to produce the part. This segment is the primary way Xometry makes money, by taking a commission on each order placed through the marketplace.
Thomasnet
Xometry also operates Thomasnet, which is a large online directory of industrial suppliers, products, and services. Think of it like a Yellow Pages for industrial companies. Manufacturers and service providers can list their businesses on Thomasnet to gain visibility and attract customers. Xometry makes money from this segment through digital marketing services and advertising offered to these industrial suppliers. This part of the business complements the marketplace by providing a broader reach and more resources for industrial companies.
Cloud-based Services (Workcenter & Teamspace)
Beyond just connecting buyers and suppliers, Xometry offers cloud-based software tools to help manage the manufacturing process. Workcenter is a financial service that helps with payments, while Teamspace allows customers to collaborate with others on projects and custom part orders. These services are designed to streamline the entire workflow, from initial design to final delivery, making it easier for businesses to manage their manufacturing needs. Revenue from these services adds to Xometry's overall income.
What management is betting on now
Xometry's leadership is focused on making their AI even smarter to improve how they quote prices and match buyers with suppliers. They are also working to get more large companies to use their platform regularly, not just for one-off orders. Expanding their services into new countries, especially in Europe, is another key priority. By investing in technology and broadening their customer base and geographic reach, Xometry aims to become the go-to platform for custom manufacturing globally.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$4.55M
FY2025 Q1
$-9.19M
FY2025 Q2
$-7.39M
FY2025 Q3
$-1.66M
FY2025 Q4
$-5.86M
Revenue
$252.44M
Net income
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Diluted EPS
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Operating cash flow
$7.87M
Free cash flow
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Sources
Revenue
$229.28M
Net income
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Diluted EPS
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Operating cash flow
$2.92M
Free cash flow
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Sources
Revenue
$205.14M
Net income
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Diluted EPS
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Operating cash flow
$14.62M
Free cash flow
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Sources
Revenue
$192.40M
Net income
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Diluted EPS
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Operating cash flow
$4.41M
Free cash flow
$-5.86M
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Sources
Revenue
$180.72M
Net income
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Diluted EPS
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Operating cash flow
$5.79M
Free cash flow
$-1.66M
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Sources
Revenue
$162.55M
Net income
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Diluted EPS
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Operating cash flow
$-427.00K
Free cash flow
$-7.39M
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Sources
Revenue
$150.97M
Net income
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Diluted EPS
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Operating cash flow
$-3.69M
Free cash flow
$-9.19M
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Sources
Revenue
$148.55M
Net income
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Diluted EPS
-1.03
Operating cash flow
$9.09M
Free cash flow
$4.55M
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Sources
Is it cheap or expensive?
Fair value — vs current price $119.31
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $162.3M - more cash than debt. Interest coverage -9.3x.
Net debt
$-162.35M
Interest coverage
-9.27x
Xometry, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
XMTR
BASELINE
Xometry, Inc.
Total debt $342.63M Interest coverage -9.27x This is the baseline the peer rows are being compared against.
Total debt $25.41M Interest coverage -6.98x Neither company has much profit cushion over interest right now.
Total debt $152.16M Interest coverage -18.47x Neither company has much profit cushion over interest right now.
Total debt $30.82M Interest coverage -12.58x Neither company has much profit cushion over interest right now.
What you should know
The case for and against XMTR
1 Reward
2 Risks
Rewards
-
Revenue grew 28.1% last year.
Risks
-
Return on equity was -3.9% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 6.9% (peer median: 7.4%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
87.01x
P/B
11.15x
P/S
7.82x
EV/EBITDA
2,183.93x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
38.6%
Operating margin
0.6%
Net margin
-2.0%
ROE
-3.9%
ROA
-1.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.56x
Current ratio
3.15x
Quick ratio
3.04x
Total debt
$342.63M
Total cash
$504.98M
Growth
How the business has been compounding
Revenue TTM
$879.25M
Revenue 5Y CAGR
33.2%
EPS TTM
-0.33
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$29.82M
Free CF TTM
$-24.09M
FCF margin
-2.7%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
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Last ex-div date
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