Latest Ratios: P/E Ratio 15.1x · EV/EBITDA N/A · ROE 14.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $422M | $222M | $433M | $825M | $946M | $2.7B | $1.2B | $996M | $1.1B | $964M | $1.5B |
| Enterprise Value | $485M | $285M | $547M | $893M | $1.1B | $2.4B | $1.2B | $955M | $1.1B | $835M | $1.3B |
| P/E Ratio → | 15.11 | 9.32 | — | — | — | 8.45 | — | — | — | — | — |
| P/S Ratio | 1.09 | 0.57 | 0.98 | 1.69 | 1.76 | 4.42 | 2.21 | 1.56 | 1.66 | 1.49 | 2.33 |
| P/B Ratio | 1.49 | 0.92 | 2.43 | 1.92 | 1.26 | 3.23 | 2.86 | 1.94 | 1.95 | 1.54 | 2.32 |
| P/FCF | — | — | — | — | — | 92.70 | — | 131.10 | — | — | 37.69 |
| P/OCF | — | — | — | — | — | 56.52 | — | 31.53 | 238.19 | 37.15 | 25.97 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.74 | 1.24 | 1.83 | 1.97 | 3.95 | 2.22 | 1.50 | 1.55 | 1.29 | 2.06 |
| EV / EBITDA | — | — | — | — | — | 1566.41 | — | — | 66.10 | 103.52 | 58.82 |
| EV / EBIT | — | — | — | — | — | 7.56 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | 82.92 | — | 125.71 | — | — | 33.18 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.5% | 33.5% | 37.3% | 40.2% | 39.8% | 42.8% | 40.1% | 44.1% | 47.2% | 47.2% | 48.9% |
| Operating Margin | -22.5% | -22.5% | -63.0% | -83.2% | -21.7% | -5.4% | -21.3% | -9.0% | -6.3% | -8.4% | -6.1% |
| Net Profit Margin | 7.7% | 7.7% | -58.1% | -74.3% | -22.8% | 52.3% | -26.8% | -11.0% | -6.6% | -10.2% | -6.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.2% | 14.2% | -84.2% | -61.4% | -15.4% | 50.6% | -31.7% | -12.7% | -7.5% | -10.5% | -5.9% |
| ROA | 5.3% | 5.3% | -32.0% | -29.8% | -8.2% | 28.2% | -19.4% | -8.6% | -5.3% | -7.6% | -4.4% |
| ROIC | -21.8% | -21.8% | -52.7% | -44.8% | -12.4% | -5.0% | -19.7% | -8.7% | -6.5% | -8.5% | -5.9% |
| ROCE | -20.0% | -20.0% | -42.2% | -38.0% | -8.8% | -3.4% | -19.8% | -8.7% | -6.4% | -7.7% | -5.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.65 | 0.65 | 1.61 | 0.93 | 0.67 | 0.60 | 0.18 | 0.18 | 0.05 | 0.01 | 0.01 |
| Debt / EBITDA | — | — | — | — | — | 323.44 | — | — | 1.99 | 0.96 | 0.37 |
| Net Debt / Equity | — | 0.26 | 0.64 | 0.16 | 0.15 | -0.34 | 0.01 | -0.08 | -0.13 | -0.21 | -0.28 |
| Net Debt / EBITDA | — | — | — | — | — | -184.71 | — | — | -4.84 | -15.94 | -7.99 |
| Debt / FCF | — | — | — | — | — | -9.78 | — | -5.39 | — | — | -4.51 |
| Interest Coverage | -16.83 | -16.83 | -96.50 | -108.76 | -41.98 | 137.56 | -34.93 | -12.86 | -1167.32 | -58.73 | -30.05 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.87 | 2.87 | 3.08 | 4.27 | 5.50 | 5.80 | 2.03 | 2.29 | 2.42 | 2.12 | 3.32 |
| Quick Ratio | 1.82 | 1.82 | 2.23 | 3.23 | 4.59 | 5.27 | 1.37 | 1.61 | 1.61 | 1.62 | 2.53 |
| Cash Ratio | 0.79 | 0.79 | 1.23 | 2.25 | 3.75 | 4.44 | 0.43 | 0.82 | 0.67 | 0.66 | 1.42 |
| Asset Turnover | — | 0.74 | 0.72 | 0.49 | 0.37 | 0.40 | 0.76 | 0.79 | 0.83 | 0.72 | 0.75 |
| Inventory Turnover | 2.02 | 2.02 | 2.33 | 1.92 | 2.35 | 3.79 | 2.86 | 3.20 | 2.73 | 3.28 | 3.13 |
| Days Sales Outstanding | — | 84.72 | 84.15 | 75.90 | 63.69 | 63.17 | 74.84 | 62.75 | 67.21 | 101.62 | 73.30 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.6% | 10.7% | — | — | — | 11.8% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 1.1% | — | 0.8% | — | — | 2.7% |
| Buyback Yield | 3.5% | 6.7% | 0.6% | 0.6% | 0.0% | 0.5% | 0.0% | 0.3% | 0.6% | 0.6% | 0.2% |
| Total Shareholder Yield | 3.5% | 6.7% | 0.6% | 0.6% | 0.0% | 0.5% | 0.0% | 0.3% | 0.6% | 0.6% | 0.2% |
| Shares Outstanding | — | $126M | $132M | $130M | $128M | $126M | $118M | $114M | $112M | $112M | $111M |
Persistent Operating Margin Deficit
According to current market data, 3D Systems trades at a price-to-sales multiple of 1.15, a valuation level that suggests investors are pricing the company more as a distressed industrial hardware entity rather than a high-growth technology firm, given the lack of a meaningful forward earnings multiple.
The absence of a forward P/E ratio highlights the market's skepticism regarding the company's ability to reach sustainable profitability in the near term. This valuation discount relative to broader technology peers appears to be a direct consequence of the persistent revenue contraction and the inability to demonstrate a clear path to positive operating cash flow.
As reported in financial statements, the company's ROIC has remained consistently negative over the last ten quarters, bottoming out at -38.2% in 2023Q4, which indicates that the firm is currently destroying shareholder value rather than compounding it through its core industrial and healthcare manufacturing operations.
The persistent negative return on invested capital suggests that the company's heavy investment in R&D and manufacturing infrastructure is not yielding sufficient returns to cover the cost of capital. This trend warrants further investigation into whether the current asset base is appropriately sized for the company's reduced revenue scale.
Based on the provided quarterly data, the cash conversion cycle has remained elevated, peaking at 243 days in 2024Q1, which reveals significant friction in the company's ability to convert inventory and receivables into cash amidst a challenging industrial demand environment for its hardware and material offerings.
The high days inventory outstanding, which reached 186 days in 2026Q1, suggests that the company is struggling to manage its stock levels effectively as demand for its hardware cools. This inefficiency ties up critical liquidity and increases the risk of inventory obsolescence in a rapidly evolving technological landscape.
According to recent SEC filings, the company's current ratio has moderated to 2.76, yet the absolute decline in cash reserves from $331.5 million in 2023Q4 to $85.1 million in 2026Q1 indicates a narrowing margin of safety for funding ongoing operations during this period of revenue decline.
While the current ratio appears superficially healthy, the rapid depletion of cash suggests that the company's liquidity position is becoming increasingly vulnerable to further operational shocks. Investors should monitor the burn rate closely, as the current trajectory may necessitate external financing if the company cannot achieve self-sustaining cash flow.
As noted in financial analysis, the price-to-earnings ratio is the most commonly misapplied metric for 3D Systems, as it frequently obscures the impact of non-recurring items and restructuring charges that distort the company's true earning power and mask the underlying volatility of its hardware-centric business model.
Relying on P/E ratios in this context is misleading because the company's net income is often driven by non-operating gains or losses rather than core operational performance. Analysts should instead focus on EV/Sales or free cash flow metrics to better assess the company's valuation relative to its actual cash-generating capacity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DDD stock.
3D Systems Corporation's current P/E ratio is 15.1x. The historical average is 30.9x. This places it at the 22th percentile of its historical range.
3D Systems Corporation's return on equity (ROE) is 14.2%. The historical average is -9.4%.
Based on historical data, 3D Systems Corporation is trading at a P/E of 15.1x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
3D Systems Corporation has 33.5% gross margin and -22.5% operating margin.