Proto Labs, Inc.

NYSE:PRLB Stock Report

Market Cap: US$1.7b

Proto Labs Future Growth

Future criteria checks 3/6

Proto Labs is forecast to grow earnings and revenue by 23% and 6.5% per annum respectively while EPS is expected to grow by 22.6% per annum.

Key information

23.0%

Earnings growth rate

22.63%

EPS growth rate

Machinery earnings growth16.3%
Revenue growth rate6.5%
Future return on equityn/a
Analyst coverage

Low

Last updated04 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • 12h

Proto Labs: Restructuring Costs Pose A Short-Term Headwind (Downgrade)

Summary Due to the FY2025 top line growth of 6% and bottom line growth of 33%, Proto Labs rallied significantly, outperforming the S&P 500 on a YoY performance. PRLB's top line growth was driven by the CNC segment, growing 18%, and margin expansion was driven by a favorable revenue mix as factory revenue grew faster than network revenue. I did expect Proto's fundamentals to improve as more reshoring activity occurs, but given the current premium FCF multiple and ongoing restructuring costs, I now rate Proto a hold. Read the full article on Seeking Alpha
Narrative Update • Apr 29

PRLB: New E Commerce Platform Will Support Future Upside Potential

Analysts kept their fair value estimate for Proto Labs steady at $71.67. They pointed to only very small tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in the overall outlook.
Narrative Update • Apr 11

PRLB: New Digital Platform And Buybacks Will Support Future Upside

Analysts kept their Proto Labs price target steady at $71.67, citing largely unchanged assumptions for fair value, revenue growth, profit margins, and future P/E, with only slight adjustments to the discount rate and forward multiple that were not enough to move the headline target. What's in the News Proto Labs launched ProDesk, an updated e commerce platform designed to speed up aerospace product development and procurement with real time, AI powered quoting, design for manufacturability analysis, and collaboration tools that support both prototyping and production projects (Key Developments).
Narrative Update • Mar 28

PRLB: Digital Platform Expansion And Disciplined M&A Will Support Future Upside

Analysts kept their Proto Labs price target steady at $71.67, citing only minor model tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions rather than any major shift in their outlook. What's in the News From October 1, 2025 to December 31, 2025, Proto Labs repurchased 126,400 shares, about 0.53% of shares, for US$6.24 million, completing a total of 974,025 shares, about 4.05%, for US$42.93 million under the buyback announced on February 7, 2025 (company filing).
Narrative Update • Mar 10

PRLB: Digital Manufacturing Platform And M&A Outlook Will Support Upside Potential

Analysts kept their $71.67 price target for Proto Labs broadly unchanged, citing only minor tweaks to the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations rather than any shift in the core outlook. What's in the News Protolabs launched ProDesk, an online platform that offers real-time, AI powered quoting with design for manufacturability analysis across injection molding, CNC machining, and 3D printing, plus tools for collaboration, order tracking, and part reordering (Key Developments).
Narrative Update • Feb 23

PRLB: New Digital Platform And Acquisition Focus Will Support Balanced Future Returns

Analysts have lifted their price target on Proto Labs by about $10 to $71.67, citing updated assumptions. These include a fair value estimate of $71.67, a discount rate of 8.28%, revenue growth of 6.58%, a profit margin of 6.74%, and a future P/E of 48.12x.
Narrative Update • Feb 07

PRLB: Expanded Metal Printing Investments And Acquisitions Will Support Balanced Future Returns

Analysts have raised their price target for Proto Labs from $56.67 to $61.67, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E, which together indicate a somewhat stronger long-term outlook in their models. What's in the News Proto Labs is actively looking for acquisitions that strengthen its capabilities and fit its existing framework, with management emphasizing a disciplined approach focused on durable long term shareholder value (Key Developments).
New Narrative • Feb 07

Digital Manufacturing And Aerospace Demand Will Transform This Underappreciated Leader Over The Next Decade

Catalysts About Proto Labs Proto Labs provides digitally enabled manufacturing services for prototyping and production parts across CNC machining, injection molding, 3D printing and sheet metal. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jan 24

PRLB: Expanded Metal Printing And Buybacks Will Support Balanced Future Returns

Analysts kept their Proto Labs price target effectively unchanged at about US$56.67, as only very small tweaks to inputs like the discount rate, revenue growth, profit margin, and future P/E left their overall valuation view intact. What's in the News Proto Labs has expanded its U.S. manufacturing footprint in 2025 by adding metal 3D printing capacity at a 120,000 sq.
Narrative Update • Jan 09

PRLB: Expanded Metal Printing Capacity And Buybacks Will Support Steady Returns

Analysts have kept their fair value estimate for Proto Labs steady at US$56.67, citing only small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions that did not materially shift their overall price target view. What's in the News Protolabs expanded its U.S. manufacturing footprint in 2025, adding a 120,000 sq.
Analysis Article • Jan 01

Investors Could Be Concerned With Proto Labs' (NYSE:PRLB) Returns On Capital

What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...
Narrative Update • Dec 18

PRLB: Expanded Metal Printing And Buybacks Will Support Steady Long Term Returns

Analysts have modestly raised their price target on Proto Labs to approximately $56.67 per share, reflecting slightly lower discount rate assumptions and a marginally improved long term earnings multiple, despite largely unchanged growth and margin forecasts. What's in the News Expanded U.S. manufacturing footprint with a new 120,000 sq.
Narrative Update • Dec 04

PRLB: Expanded Metal Printing And Buybacks Will Support Steady Future Returns

Analysts have nudged their price target on Proto Labs slightly higher to approximately $57 per share. This reflects modestly increased long term growth and profitability assumptions despite largely unchanged fair value estimates.
Narrative Update • Nov 20

PRLB: Expansion Of Metal 3D Printing Facility Will Drive Earnings Momentum

Analysts have raised their price target for Proto Labs from $53.33 to $56.67, citing modest improvements in projected revenue growth and valuation multiples as key drivers for the upward revision. What's in the News Protolabs has significantly expanded its U.S. manufacturing capacity in 2025 by opening a 120,000 sq.
Narrative Update • Nov 04

PRLB: Improving Margins And New CNC Features Will Balance Future Opportunities And Risks

Analysts have raised their fair value estimate for Proto Labs from $50 to $53.33. This reflects increased confidence driven by improving profit margins, despite a modest revision to revenue growth projections.
Analysis Article • Aug 01

Is There Now An Opportunity In Proto Labs, Inc. (NYSE:PRLB)?

While Proto Labs, Inc. ( NYSE:PRLB ) might not have the largest market cap around , it saw a significant share price...
Analysis Article • Jun 10

Be Wary Of Proto Labs (NYSE:PRLB) And Its Returns On Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? More often...
Analysis Article • May 14

We Think Proto Labs, Inc.'s (NYSE:PRLB) CEO Compensation Package Needs To Be Put Under A Microscope

Key Insights Proto Labs will host its Annual General Meeting on 20th of May Salary of US$620.0k is part of CEO Rob...
Analysis Article • Apr 04

At US$33.27, Is It Time To Put Proto Labs, Inc. (NYSE:PRLB) On Your Watch List?

While Proto Labs, Inc. ( NYSE:PRLB ) might not have the largest market cap around , it received a lot of attention from...
Analysis Article • Mar 14

Subdued Growth No Barrier To Proto Labs, Inc.'s (NYSE:PRLB) Price

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Seeking Alpha • Feb 02

Proto Labs: 80% Down From All-Time High, Still No Sign Of Recovery

Summary Proto Labs has had a disastrous past with serious valuation derating, slow growth, margin contraction, and expensive acquisitions leading the stock price to fall by ~80%. Even after such a fall, the stock is still priced at lofty valuations. Given no end-market rebound in sight, I believe the stock price should remain muted for some more time. According to my fair value estimates, the company's fair value stands at $36 per share. Read the full article on Seeking Alpha
Analysis Article • Jan 11

Returns On Capital At Proto Labs (NYSE:PRLB) Paint A Concerning Picture

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Dec 22

Is Now An Opportune Moment To Examine Proto Labs, Inc. (NYSE:PRLB)?

Proto Labs, Inc. ( NYSE:PRLB ), is not the largest company out there, but it saw a significant share price rise of 52...
Analysis Article • Nov 14

Proto Labs' (NYSE:PRLB) Performance Is Even Better Than Its Earnings Suggest

Proto Labs, Inc. ( NYSE:PRLB ) recently posted some strong earnings, and the market responded positively. Our analysis...
Analysis Article • Nov 02

Proto Labs, Inc.'s (NYSE:PRLB) 36% Jump Shows Its Popularity With Investors

The Proto Labs, Inc. ( NYSE:PRLB ) share price has done very well over the last month, posting an excellent gain of...
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New Narrative • Sep 24

AI-Driven Efficiency And Market Expansion Shine Despite Analysts' Caution On Earnings And Margins

Proto Labs' enhancements in AI and automation are set to increase profitability by reducing costs and improving margins.
Analysis Article • Sep 08

Here's What's Concerning About Proto Labs' (NYSE:PRLB) Returns On Capital

What financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Seeking Alpha • Aug 13

Proto Labs: Defensive Strategy Not Paying Off Yet

Summary A combination of macro weakness and increasing competition continue to weigh on Proto Labs' business. Demand is expected to remain weak in the short term, which will likely further undermine Proto Labs' growth and margins in the second half of the year. The company's Network business is driving growth, but it is unclear if it is creating value or strengthening Proto Labs' competitive positioning. Headwinds are likely more than reflected in Proto Labs' valuation, although this probably won't matter until the company's financial performance improves. Read the full article on Seeking Alpha
Analysis Article • Jul 18

Calculating The Intrinsic Value Of Proto Labs, Inc. (NYSE:PRLB)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Proto Labs fair value estimate is US$42.19 Current share price...
Seeking Alpha • May 28

Proto Labs: Interesting Crossroads

Summary Proto Labs, a custom-made manufacturing company, has experienced a re-rating in its stock and lower valuation due to stagnant sales growth. The company offers production technologies such as injection molding, sheet metal fabrication, CNC machining, and 3D printing. Despite the creation of the Proto Labs Network, there are no immediate triggers for the stock to perform better. Read the full article on Seeking Alpha
Analysis Article • May 11

Proto Labs' (NYSE:PRLB) Solid Earnings Are Supported By Other Strong Factors

Proto Labs, Inc. ( NYSE:PRLB ) just reported healthy earnings but the stock price didn't move much. We think that...
Analysis Article • Apr 13

Proto Labs, Inc.'s (NYSE:PRLB) Price In Tune With Revenues

With a median price-to-sales (or "P/S") ratio of close to 1.6x in the Machinery industry in the United States, you...
Seeking Alpha • Mar 04

Proto Labs: Cash Flows Are Supporting The Stock

Summary Proto Labs, Inc.'s business is facing increased competition and a weak demand environment. This situation is being exacerbated by Proto Labs' expansion in businesses with less attractive economics, like its partner network and CNC machining. Proto Labs is taking steps to improve its profit margins, but a return to pre-COVID levels of profitability seems unlikely. While Proto Labs' valuation may look relatively attractive at the moment, the company's prospects have deteriorated materially in recent years. Read the full article on Seeking Alpha
Seeking Alpha • Feb 16

Proto Labs: Excellent Business Feats Yet To Financially Materialize

Summary Proto Labs is a US-based company offering on-demand manufacturing solutions in the additive manufacturing industry. The company has a unique production structure combining in-house and outsourced network production capabilities. The acquisition of 3D Hubs has led to dilution effects on margins, but synergies are beginning to be realized and could drive future growth. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:PRLB - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202761239N/AN/A4
12/31/202657232N/AN/A5
3/31/2026546265774N/A
12/31/2025533216075N/A
9/30/2025518156875N/A
6/30/2025509156671N/A
3/31/2025499156775N/A
12/31/2024501176978N/A
9/30/2024504245178N/A
6/30/2024509254977N/A
3/31/2024506204572N/A
12/31/2023504174573N/A
9/30/2023494-1055167N/A
6/30/2023485-1094063N/A
3/31/2023490-1064567N/A
12/31/2022488-1034062N/A
9/30/2022496245275N/A
6/30/2022500244966N/A
3/31/2022496353667N/A
12/31/2021488332155N/A
9/30/2021470312257N/A
6/30/2021452413774N/A
3/31/2021435415191N/A
12/31/20204345160107N/A
9/30/20204415658115N/A
6/30/20204515953115N/A
3/31/20204606258120N/A
12/31/201945964N/A116N/A
9/30/201946068N/A122N/A
6/30/201945872N/A119N/A
3/31/201945174N/A115N/A
12/31/201844677N/A123N/A
9/30/201842772N/A108N/A
6/30/201840064N/A102N/A
3/31/201837258N/A89N/A
12/31/201734452N/A82N/A
9/30/201732347N/A78N/A
6/30/201731346N/A78N/A
3/31/201730644N/A78N/A
12/31/201629843N/A77N/A
9/30/201629945N/A75N/A
6/30/201628946N/A69N/A
3/31/201627847N/A61N/A
12/31/201526447N/A64N/A
9/30/201524645N/A58N/A
6/30/201523343N/A59N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRLB's forecast earnings growth (23% per year) is above the savings rate (3.5%).

Earnings vs Market: PRLB's earnings (23% per year) are forecast to grow faster than the US market (16.8% per year).

High Growth Earnings: PRLB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PRLB's revenue (6.5% per year) is forecast to grow slower than the US market (11.7% per year).

High Growth Revenue: PRLB's revenue (6.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PRLB's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 14:27
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Proto Labs, Inc. is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert WassermanBenchmark Company
Andrew DeGasperiBerenberg
Robert BurlesonCanaccord Genuity