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MTLS · Nasdaq · United States · Services-Prepackaged Software
In shortMATERIALISE NV is profitable, generates cash and holds more cash than debt, with revenue growing (+4.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 3.5% | 28/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.0% | 40/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 5.5% | 28/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.2% | 21/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.86× | 89/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.13× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.18× | 16/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.54 | 63/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.6% | 30/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.51× | 26/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 12.8% | 64/100 |
| Operating margin volatility | 3.5% | 77/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 9.1% | 67/100 |
|---|---|---|
| EPS growth, 3-year average | 0.0% | 25/100 |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 170 | 205 | 232 | 256 | 267 |
| Cost of revenue | 76 | 87 | 103 | 111 | 116 |
| Gross profit | 94 | 118 | 129 | 145 | 151 |
| Research & development | 27 | 27 | 38 | 38 | 44 |
| Operating income | (4.6) | 12 | (2.9) | 5.6 | 9.4 |
| Interest expense | 6 | 4.1 | 4.4 | 3.9 | 3 |
| Pre-tax income | (8.2) | 14 | (1.2) | 6.8 | 14 |
| Income tax | (1) | 0.6 | 1 | 0.1 | 0.7 |
| Net income | (7) | 13 | (2.1) | 6.7 | 13 |
| Diluted EPS | −€0.13 | €0.23 | −€0.04 | €0.11 | €0.23 |
| Diluted shares (millions) | 53 | 57 | 59 | 59 | 59 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.54 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 22, 2025