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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Fiscal 2025 results for Proto Labs Inc combined $533.13M of revenue with net income of $21.24M and an operating cash inflow of $74.50M. At $533.13M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 6.4% from $500.89M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.88, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.66 in fiscal 2024, the current result was 33.3% higher. The revenue-to-assets relationship was 0.7x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
The first profit layer was $237.14M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 44.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $25.11M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 4.7% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $21.24M for the fiscal year. Net margin was 4.0%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $31.06M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 5.8%, relating income before taxes directly to revenue. The reported income-tax provision was $9.82M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 31.6% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 3.2%, indicating the profitability achieved on book capital. Net income represented 2.8% of period-end assets, placing the company’s bottom-line result against the total resource base employed.Liquidity and Capital Structure
Total assets were $763.41M, supported by $89.48M of liabilities and $673.93M of shareholder equity. Current assets were $233.54M against $67.00M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 3.49x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $110.83M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 165.4% of current liabilities, showing how much near-term coverage came from cash alone. Relative to total assets, liabilities measured 11.7%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 14.5%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $743.51M in fiscal 2024, the current asset base moved 2.7% and finished higher.Cash Flow and Earnings Quality
Cash flow from operations was $74.50M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 3.51x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $14.84M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 19.9% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $59.66M, leaving a positive amount after capital expenditures. Free cash flow represented 11.2% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 7.8%, showing the cash productivity of the company’s assets.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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