Friday 6 November 2026
Export XMTR’s income statement to Excel — free account
Xometry, Inc.
XMTR Industrials Industrial Distribution
Xometry, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $686.6 million, up 25.9% from fiscal 2024.
- Revenue
- +39.7%
- EPS
- +114.7%
- Free cash flow
- −327.1%
- Total debt
- −25.5%
Quarter to September 2026, against a year earlier
110.00
3.52
−3.10%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 80 | 141 | 218 | 381 | 463 | 546 | 687 | 879 | +43.0% | 918 | 1,117 | 1,344 | +25.1% | |
| Gross margin, % | — | — | — | 18.37 | 23.54 | 26.17 | 38.33 | 38.47 | 39.53 | 39.14 | 38.62 | +20.8 pt | ||||||
| EBT | — | — | — | (31) | (31) | (61) | (79) | (68) | (50) | (61) | (15) | +12.0% | ||||||
| EBT margin, % | — | — | — | (38.63) | (21.98) | (28.11) | (20.74) | (14.63) | (9.24) | (8.91) | (1.75) | +29.7 pt | ||||||
| Net income | — | 0 | — | (31) | (31) | (61) | (79) | (67) | (50) | (62) | (17) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 12.64 | 18.87 | 8.30 | 8.08 | 9.67 | 11.11 | 13.51 | 15.34 | +1.1% | |||||
| Earnings | — | — | — | (4.88) | (5.32) | (2.33) | (1.61) | (1.41) | (1.03) | (1.22) | (0.34) | (20.6%) | ||||||
| Cash flow | — | — | — | (4.27) | (2.94) | (2.61) | (1.33) | (0.62) | (0.31) | 0.12 | 0.52 | n/m | ||||||
| Capex | — | — | — | (0.40) | (0.56) | (0.24) | (0.29) | (0.38) | (0.37) | (0.59) | (0.86) | +6.8% | ||||||
| Free cash flow | — | — | — | (4.67) | (3.50) | (2.84) | (1.61) | (1.00) | (0.68) | (0.47) | (0.34) | (31.7%) | ||||||
| Book value | — | — | — | (11.52) | (14.85) | 16.17 | 7.88 | 6.90 | 6.43 | 5.45 | 10.73 | n/m | ||||||
| Shares, m | — | — | — | 6 | 7 | 26 | 47 | 48 | 49 | 51 | 54 | +41.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | 4.20 | 4.20 | 6.18 | 4.00 | 3.58 | 3.84 | 4.40 | 7.17 | 4.3 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 3.17 | 4.10 | 5.03 | 6.63 | 10.92 | 10.26 | 4.3 | ||||||
| EV/Sales | — | — | — | 4.92 | 4.92 | 5.72 | 3.90 | 3.61 | 3.92 | 4.56 | 6.88 | 4.5 | ||||||
| EV/FCF | — | — | — | (23.88) | (23.88) | (16.69) | (19.53) | (34.77) | (64.00) | (129.91) | (312.39) | (44.7) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (27) | (22) | (69) | (63) | (30) | (15) | 6 | 30 | n/m | |||||
| Capex | — | — | — | (3) | (4) | (6) | (13) | (18) | (18) | (30) | (49) | +51.1% | ||||||
| Free cash flow | — | — | — | (30) | (26) | (75) | (76) | (48) | (33) | (24) | (19) | (3.4%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 50 | 39 | 106 | 323 | 273 | 253 | 246 | 465 | +30.6% | |||||
| Net debt | — | — | — | (40) | 102 | (100) | (40) | 13 | 44 | 108 | (261) | n/m | ||||||
| Shareholders’ equity | — | — | — | (73) | (111) | 425 | 372 | 330 | 316 | 277 | 615 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (80.08) | (47.95) | (20.75) | (12.79) | (9.36) | (7.26) | (8.92) | (1.93) | +71.2 pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | (11.26) | (14.50) | (13.39) | (9.76) | (7.39) | (3.44) | (7.4) pt | ||||||
| ROE | — | — | — | 33.63 | 43.27 | (39.07) | (19.83) | (19.22) | (15.60) | (20.85) | (3.89) | (54.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 386 | 788 | 914 | 992 | 1,088 | 1,174 | — | +24.9% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.37 | 0.28 | 0.42 | 0.47 | 0.50 | 0.58 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Xometry, Inc. vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WSO Watsco, Inc. | $13.0B | 27.0× | 26.4× | +7.42% (above 0%: growing) | −11.50% (below 0%: shrinking) | −8.87% (below 0%: shrinking) | 26.41% | 10.14% | Compare |
| QXO QXO, Inc. | $12.1B | — (loss-making) | — (loss-making) | +70.30% (above 0%: growing) | n/m | −27.62% (below 0%: shrinking) | 24.74% | (1.29%) | Compare |
| AIT Applied Industrial Technologies, Inc. | $10.3B | 24.7× | 24.2× | +7.64% (above 0%: growing) | +12.65% (above 0%: growing) | −34.44% (below 0%: shrinking) | 30.38% | 11.12% | Compare |
| CNM Core & Main, Inc. | $8.9B | 19.3× | 16.8× | +2.48% (above 0%: growing) | +8.45% (above 0%: growing) | +83.33% (above 0%: growing) | 26.71% | 10.58% | Compare |
| POOL Pool Corporation | $7.7B | 19.8× | 18.9× | +3.71% (above 0%: growing) | 0.00% | +52.83% (above 0%: growing) | 28.99% | 11.44% | Compare |
| XMTR Xometry, Inc. | $6.3B | — (loss-making) | — (loss-making) | +39.69% (above 0%: growing) | n/m | −327.10% (below 0%: shrinking) | 39.09% | 0.02% | |
| MSM MSC Industrial Direct Company, Inc. | $6.2B | 27.8× | 29.0× | +10.32% (above 0%: growing) | −14.85% (below 0%: shrinking) | +8.93% (above 0%: growing) | 40.64% | 6.75% | Compare |
| SITE SiteOne Landscape Supply, Inc. | $4.9B | 29.6× | 29.8× | +2.61% (above 0%: growing) | +10.89% (above 0%: growing) | −7.95% (below 0%: shrinking) | 35.51% | 7.42% | Compare |
| REZI Resideo Technologies, Inc. | $3.0B | 7.8× | 13.6× | +1.96% (above 0%: growing) | n/m | −33.89% (below 0%: shrinking) | 30.04% | 6.61% | Compare |
| Median of peers | $8.3B | 24.7× | 24.2× | +5.57% | +4.23% | −8.41% | 29.52% | 8.78% |
From the latest earnings call
- CFO James Miln said buyer additions reflected Xometry’s product-led strategy, AI model optimization and marketing, while executive Sanjeev Sahni described interconnected models for pricing, sourcing and manufacturability.
- Sanjeev Sahni said Xometry and Siemens are working on integrating custom-parts pricing into a design tool, and he expects the partnership to affect 2027 results positively.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
98.02%
Held by the ten largest
51.10%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| PRIMECAP Management | 6.64m | 11.58% | +140.56k |
| Vanguard | 4.49m | 7.84% | +164.16k |
| Fidelity (FMR) | 3.92m | 6.84% | +780.65k |
| BlackRock | 3.84m | 6.70% | +339.61k |
| EVENTIDE ASSET MANAGEMENT, LLC | 2.15m | 3.75% | −808.39k |
| Hood River Capital Management LLC | 1.99m | 3.47% | +863.63k |
| Driehaus Capital Management LLC | 1.77m | 3.08% | +255.36k |
| First Trust | 1.74m | 3.04% | +168.30k |
| FULLER & THALER ASSET MANAGEMENT, INC. | 1.43m | 2.50% | +91.12k |
| Wellington Management | 1.32m | 2.31% | +280.49k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 29 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 4.87m | 13.79m | 68.05 |
| 2024 | 3.83m | 7.39m | 48.82 |
| 2023 | 1.38m | 1.75m | 41.09 |
| 2022 | 3.78m | 1.22m | 36.88 |
| 2021 | 3.30m | 15.92m | 58.65 |
Ownership
Directors and executive officers, together
40.40%
Randolph Altschuler
39.80%
PRIMECAP Management Company
7.00%
The Vanguard Group
5.00%
Blackrock, Inc.
4.00%
Eventide Asset Management, LLC
3.90%
FMR LLC
3.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Xometry, Inc. (XMTR) Latest News
4 Nov
3 Nov
1 Oct
15 Sep
4 Aug
XMTR metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Xometry runs an online marketplace for custom-manufactured parts. It connects buyers that need a part or assembly made to suppliers with the equipment and capacity to produce it. Founded in 2013, Xometry is headquartered in North Bethesda, Maryland. Sanjeev Singh Sahni is its chief executive officer.
A buyer can upload a computer-aided design file and receive pricing, lead times and feedback on whether the part can be manufactured. Xometry’s quoting technology examines specifications such as geometry, materials, tolerances and quantities, as well as past transactions and supplier performance. The platform then helps source the job to a manufacturer. Orders range from prototypes for product development to larger production runs.