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. In the quarter to June 2026, revenue grew 41.1%, EPS grew 80.8%, free cash flow fell 41.5% and total debt fell 25.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
Follow XMTR
Xometry, Inc. (XMTR) Altman Z-score
Xometry, Inc.'s Altman Z-score for fiscal 2025 is 4.57, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.57 | 0.91 |
| FY2024 | 3.66 | 0.78 |
| FY2023 | 2.88 | 0.14 |
| FY2022 | 2.74 | (7.58) |
| FY2021 | 10.32 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.35 | — | 0.42 | |
| Retained earnings / total assets | (0.61) | — | −0.86 | |
| EBIT / total assets | (0.06) | — | −0.21 | |
| Market value of equity / total liabilities | 7.08 | — | 4.25 | |
| Sales / total assets | 0.98 | — | 0.98 | |
| Altman Z-score | Safe zone | 4.57 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.54 | ||
Z and Z″ put Xometry, Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AIT Applied Industrial Technologies, Inc. compare | 10.5× |
| MSM MSC Industrial Direct Company, Inc. compare | 5.3× |
| SITE SiteOne Landscape Supply, Inc. compare | 4.7× |
| POOL Pool Corporation compare | 4.6× |
| XMTR Xometry, Inc. | 4.6× |
| CNM Core & Main, Inc. compare | 3.6× |
| DXPE DXP Enterprises, Inc. compare | 3.3× |
| QXO QXO, Inc. compare | 1.8× |
| DNOW DNOW Inc. compare | 1.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets