OverviewSuggest Edit

Proto Labs is a manufacturer of custom prototypes and on-demand production parts. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

TypePublic
Founded1999
HQMaple Plain, US
Websiteprotolabs.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)2,487(+10%)
Job Openings66
Revenue (FY, 2018)$445.6 M(+30%)
Share Price (Jan 2020)$109.7 (+2%)

Key People/Management at Proto Labs

Victoria Holt

Victoria Holt

President & CEO
Greg Wesling

Greg Wesling

Director of Operations
John Way

John Way

CFO
Richard Baker

Richard Baker

CTO
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Proto Labs Office Locations

Proto Labs has offices in Maple Plain, Minneapolis, Morrisville, Nashua and in 10 other locations
Maple Plain, US (HQ)
5540 Pioneer Creek Dr
Minneapolis, US
8500 Wyoming Ave N
Morrisville, US
3700 Pleasant Grove Church Rd
Nashua, US
15 Charron Ave
Plymouth, US
2600 Niagara Ln N
Rosemount, US
15197 Boulder Ave
Show all (14)

Proto Labs Financials and Metrics

Proto Labs Revenue

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View revenue for all periods
Proto Labs's revenue was reported to be $445.60 m in FY, 2018 which is a 29.3% increase from the previous period.
USD

Revenue (Q3, 2019)

117.5m

Gross profit (Q3, 2019)

59.6m

Gross profit margin (Q3, 2019), %

50.8%

Net income (Q3, 2019)

16.8m

EBIT (Q3, 2019)

21.3m

Market capitalization (22-Jan-2020)

2.9b

Closing stock price (22-Jan-2020)

109.7

Cash (30-Sept-2019)

121.6m

EV

2.8b
Proto Labs's current market capitalization is $2.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

298.1m344.5m445.6m

Revenue growth, %

13%16%29%

Cost of goods sold

131.1m150.6m206.9m

Gross profit

166.9m193.8m238.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

80.2m82.0m88.1m107.7m109.7m115.4m113.5m115.9m117.5m

Cost of goods sold

34.9m35.7m38.8m49.8m50.4m53.0m54.6m55.7m57.8m

Gross profit

45.3m46.4m49.3m57.9m59.2m62.4m58.9m60.2m59.6m

Gross profit Margin, %

56%57%56%54%54%54%52%52%51%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

68.8m36.7m85.0m

Accounts Receivable

34.1m51.5m59.2m

Prepaid Expenses

5.7m6.3m8.6m

Inventories

9.3m11.3m10.1m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

71.9m99.2m119.3m45.1m62.6m62.6m85.4m100.5m121.6m

Accounts Receivable

39.0m42.2m46.3m58.5m55.9m62.1m61.5m62.5m64.1m

Prepaid Expenses

6.4m5.9m6.3m8.1m7.7m8.6m8.6m7.8m8.0m

Inventories

8.9m9.3m9.8m9.5m9.6m9.6m9.4m9.7m9.4m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

42.7m51.8m76.6m

Depreciation and Amortization

17.5m18.5m26.8m

Inventories

136.0k(985.0k)(189.0k)

Accounts Payable

(1.1m)3.2m1.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

12.2m24.3m37.5m18.1m36.4m57.3m15.5m31.7m48.5m

Depreciation and Amortization

4.3m8.7m13.5m6.3m12.7m19.5m7.4m15.0m22.7m

Inventories

435.0k175.0k(188.0k)807.0k389.0k324.0k739.0k392.0k551.0k

Accounts Payable

319.0k2.5m1.4m2.3m4.4m980.0k(805.0k)3.8m1.5m
USDY, 2019

EV/EBIT

132.7 x

EV/CFO

33.7 x

Financial Leverage

1.2 x
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Proto Labs Operating Metrics

FY, 2016FY, 2017FY, 2018

Patents (Foreign)

2 2 2

Patents (US)

16 17 18

Patents Pending (Foreign)

2 2 2

Trademarks (US)

13 23 23
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Proto Labs Acquisitions / Subsidiaries

Company NameDateDeal Size
Rapid Manufacturing Group, LLCJuly 29, 2019$110 m
Alphaform AGSeptember 24, 2015
FineLine Prototyping Inc.April 24, 2014$38 m
PL DE Holding GmbH
PL Euro Services Ltd.
PL International Holdings, UK, Ltd.
PL-US International LLC
Proto Labs Eschenlohe GmbH
Proto Labs, G.K.
Proto Labs GmbH
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Proto Labs Revenue Breakdown

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Proto Labs revenue breakdown by business segment: 5.6% from Sheet Metal, 12.0% from 3D Printing, 34.5% from CNC Machining, 47.2% from Injection Molding and 0.7% from Other

Proto Labs revenue breakdown by geographic segment: 18.2% from Europe, 78.7% from United States and 3.2% from Other

Proto Labs Online and Social Media Presence

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Proto Labs News and Updates

Proto Labs Frequently Asked Questions

  • When was Proto Labs founded?

    Proto Labs was founded in 1999.

  • Who are Proto Labs key executives?

    Proto Labs's key executives are Victoria Holt, Greg Wesling and John Way.

  • How many employees does Proto Labs have?

    Proto Labs has 2,487 employees.

  • What is Proto Labs revenue?

    Latest Proto Labs annual revenue is $445.6 m.

  • What is Proto Labs revenue per employee?

    Latest Proto Labs revenue per employee is $179.2 k.

  • Who are Proto Labs competitors?

    Competitors of Proto Labs include 3D Systems, Stratasys and ProtoCAM.

  • Where is Proto Labs headquarters?

    Proto Labs headquarters is located at 5540 Pioneer Creek Dr, Maple Plain.

  • Where are Proto Labs offices?

    Proto Labs has offices in Maple Plain, Minneapolis, Morrisville, Nashua and in 10 other locations.

  • How many offices does Proto Labs have?

    Proto Labs has 14 offices.