MATERIALISE NV
MTLS · Services-Prepackaged Software · EDGAR filings ↗
Grade
C62Mid-scale 3D-printing software/services player with average margins and flat revenue.
Strengths
- Diversified software/medical/manufacturing model with strong patent portfolio and clean balance sheet (D/E 0.17)
- Net income up 88% (86.8th) off improved profitability; healthy current ratio 1.86
Risks
- Revenue down 1.9% (10.9th pct) and thin margins (net 5%, operating 3.5%) with low FCF (13.4th)
- Concentration in automotive/aerospace and orthopedic/CMF end-markets
Notable findings
- Fund exitedNotable fund(s) exited this quarter: GOLDMAN SACHS GROUP INC
- Strong balance sheetStrong balance sheet — $106M cash & investments
- FDA approvalFDA clearance/approval — Materialise Shoulder System, Materialise Shoulder Guide and Models, SurgiCase S (2026-06-09)
- Notable holderHeld by 4 notable fund(s): ARK Investment Management LLC, RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Key metrics
Gross margin
56.5%
Operating margin
3.5%
Net margin
5.0%
Return on equity
5.4%
Return on assets
3.4%
ROIC
2.6%
Revenue growth (QoQ)
-1.9%
Net-income growth
88.6%
Debt / equity
0.2×
Interest coverage
7.3×
Current ratio
1.9×
Free cash flow
$7M
Tangible book value
$213M
Cash & investments
$106M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-23 | 2025-12-31 | 0001104659-26-047671 ↗ |
| 20-F | 2025-04-22 | 2024-12-31 | 0001104659-25-037207 ↗ |
| 20-F | 2024-04-12 | 2023-12-31 | 0001104659-24-046531 ↗ |
| 20-F | 2023-04-18 | 2022-12-31 | 0001104659-23-046316 ↗ |
| 20-F | 2022-05-02 | 2021-12-31 | 0001193125-22-134788 ↗ |
| 20-F | 2021-04-30 | 2020-12-31 | 0001193125-21-145001 ↗ |
| 20-F | 2020-04-30 | 2019-12-31 | 0001193125-20-128829 ↗ |
| 20-F | 2019-04-30 | 2018-12-31 | 0001193125-19-129416 ↗ |
| 20-F | 2018-04-30 | 2017-12-31 | 0001193125-18-143179 ↗ |
| 20-F | 2017-05-01 | 2016-12-31 | 0001193125-17-149080 ↗ |
| 20-F | 2016-04-28 | 2015-12-31 | 0001193125-16-564184 ↗ |
| 20-F | 2015-04-30 | 2014-12-31 | 0001193125-15-162857 ↗ |