3D Systems Corp DDD

IndustrialsElectronic Equipment & PartsUnited States of America

Last close 2.78 USD on Nov 1, 2026, +57.1% year to date

Quant rating

Quant rating D Rank 403 of 486 in Industrials

Growth C 230 of 486
Valuation D 396 of 486
Quality D 424 of 486
Revisions D 369 of 486
Momentum C 315 of 486

Wall Street consensus Buy (2.50)Average target 5.50 USD +97.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 462M
Enterprise value: 436M
52-week range: 1.71 – 4.12
3-year range: 1.37 – 6.79
Dividend yield: –
Beta (5 years): 2.84
Shares outstanding: 166M
Next earnings: Nov 4, 2026

About the company

3D Systems Corporation provides comprehensive three-dimensional (3D) printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, and services, including maintenance, advanced manufacturing and applications engineering. The Company’s segments include Healthcare Solutions and Industrial Solutions. The Healthcare Solutions segment serves industry verticals, including dental, medical devices, personalized health services and regenerative medicine. The Industrial Solutions segment serves industry verticals, including aerospace, defense, transportation and general manufacturing. The Company architects solutions specific to customers’ needs through a combination of materials, hardware platforms, software, professional services and advanced manufacturing. It markets its products and services through subsidiaries in North America and South America, Europe and the Middle East and Asia Pacific and Oceania.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	387	440	488	538	616	–
Revenue growth	−12.1%	−9.8%	−9.3%	−12.6%	10.5%	−7.0%
EPS (basic, normalized)	−0.37	−0.62	−0.26	−0.23	0.45	–
EPS growth	–	–	–	–	–	–
Gross margin	33.9%	37.3%	40.2%	39.8%	42.8%	38.8%
Net margin	7.7%	−58.1%	−74.4%	−22.9%	52.3%	−19.1%
ROE	14.3%	−84.8%	−61.6%	−15.4%	50.6%	−19.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	128
Current ratio	3.40x
Long-term debt (mil)	96.0
Net debt (mil)	−26.3
Total equity (mil)	274
Net debt / equity	−0.10x
Net debt / EBITDA	0.58x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	387	−12.1%	1.1x	−45.4	+19.4%	−9.6x	−0.37	+40.3%	−7.5x
2026	393	+1.7%	1.1x	−2.1	+95.3%	−202.9x	−0.15	+60.4%	−19.0x
2027	410	+4.3%	1.1x	2.6	+221.4%	167.2x	−0.13	+13.9%	−22.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	393	0.0%	+1.1%	+0.2%	−0.15	0.0%	−1.2%	+47.4%
2027	410	0.0%	+1.2%	+0.4%	−0.13	0.0%	+1.0%	+44.5%
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	103	113	113	111	94.5	94.8	91.2	106	95.5	94.6
Sales mean (mil)	107	116	115	115	99.5	95.7	93.0	98.0	92.4	93.8
Surprise	−3.5%	−2.8%	−2.0%	−3.6%	−4.9%	−0.9%	−1.9%	+8.5%	+3.4%	+0.9%
EPS reported	−0.17	−0.14	−0.12	−0.19	−0.21	−0.07	−0.08	−0.13	−0.01	−0.09
EPS mean	−0.09	−0.04	−0.10	−0.11	−0.14	−0.16	−0.09	−0.09	−0.08	−0.05
Surprise	−92.5%	−220.6%	−26.3%	−72.7%	−44.8%	+55.1%	+5.9%	−40.5%	+87.9%	−80.0%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DDD 3D Systems Corp	462M	0.58x	7.7%	1.69x	−19.0x	−22.0x	−202.9x	167.2x
HEXAb Hexagon AB	29.0B	0.22x	11.4%	4.45x	29.7x	28.8x	17.4x	15.6x
BELFB Bel Fuse Inc.	3.3B	−1.53x	9.1%	2.92x	21.8x	18.8x	16.3x	13.5x
SSYS Stratasys Ltd.	592M	−7.45x	−18.9%	0.72x	63.9x	37.5x	15.0x	12.0x
NNDM Nano Dimension Ltd.	280M	–	−97.7%	0.57x	–	–	–	–
VELO Velo3D Inc	211M	2.48x	−155.2%	1.44x	−6.5x	−9.2x	−6.2x	−13.5x
Mean		−1.14x	−40.6%	1.96x	18.0x	10.8x	−32.1x	39.0x
Median		0.22x	−5.6%	1.56x	21.8x	18.8x	15.0x	13.5x

Technical analysis

1M−21.0%
3M+10.3%
1Y−12.9%
3Y−21.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, 3D Systems Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	387	440	488	538	616	557
Cost of revenue	256	276	292	324	352	334
Gross profit	131	164	196	214	264	223
Selling, general & administrative expenses	155	210	209	242	227	220
Research & development	63.5	86.5	89.5	87.1	69.2	74.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−140	145	304	4.5	0.8	48.3
Other operating expenses	0	0	0	0	0	0
Operating income	51.7	−277	−406	−120	−33.1	−119
Net interest income (expense)	2.4	7.2	11.4	2.1	−0.2	−8.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−4.5	20.2	32.3	−3.1	353	−15.7
Net income before taxes	49.6	−250	−362	−121	320	−143
Provision for taxes	14.9	2.2	−0.6	2.1	−2.5	6.2
Minority interest	0	0	0.3	0.2	0	0
Equity in affiliates	−4.8	−3.4	−1.3	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	29.9	−256	−363	−123	322	−150
Extraordinary items	–	–	–	–	–	–
Net income	29.9	−256	−363	−123	322	−150
EBIT, normalized	−86.9	−154	−83.4	−115	−32.3	−67.3
EBITDA, normalized	−65.4	−121	−49.0	−78.1	3.1	−22.7
Basic EPS, normalized	−0.37	−0.62	−0.26	−0.23	0.45	–

Balance sheet in millions of USD, fiscal years

Balance sheet, 3D Systems Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	95.6	171	332	569	790	75.0
Receivables	83.8	101	101	93.9	107	114
Total inventory	127	119	152	138	92.9	117
Prepaid expenses	39.6	34.2	42.5	33.7	42.7	33.1
Other current assets	0.1	3.3	0.1	0.1	0	18.4
Total current assets	347	429	628	834	1,032	358
Property, plant & equipment	102	110	135	101	104	124
Goodwill	15.6	14.9	116	385	346	162
Intangibles	16.6	18.0	62.7	90.2	45.8	28.1
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	40.4	36.6	49.0	36.0	22.3	61.7
Total assets	522	609	991	1,447	1,549	733
Liabilities
Accounts payable	41.0	41.8	49.8	53.8	57.4	45.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	41.6	45.5	47.2	52.6	64.0	62.2
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	5.5	1.5	1.8	0.7	0.6	3.0
Other current liabilities	32.5	50.3	48.4	44.7	56.0	65.3
Total current liabilities	121	139	147	152	178	176
Long-term debt	95.9	223	331	453	451	29.4
Minority interest	2.2	2.0	2.0	1.8	–	0
Other liabilities	62.7	69.1	83.9	90.3	77.8	97.2
Total liabilities	281	433	564	697	707	302
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.1	0.1	0.1	0.1	0.1	0.1
Additional paid-in capital	1,620	1,593	1,578	1,548	1,501	1,405
Retained earnings (accumulated deficit)	−1,332	−1,362	−1,107	−744	−621	−943
Treasury stock	–	–	–	–	0	−22.6
Other equity	−47.8	−55.1	−44.2	−53.8	−37.7	−8.5
Total equity	240	176	427	750	842	431
Total liabilities & shareholders' equity	522	609	991	1,447	1,549	733

Cash flow statement in millions of USD, fiscal years

Cash flow statement, 3D Systems Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	29.9	−256	−363	−123	322	−150
Depreciation, depletion & amortization	21.5	33.3	36.1	38.7	34.6	44.6
Deferred taxes	−0.7	−1.0	−2.4	−2.5	−11.7	−1.2
Non-cash items	−107	172	314	59.3	−296	92.5
Changes in working capital	−31.1	6.1	−64.9	−42.5	−0.9	−6.5
Cash from operations	−87.8	−44.9	−80.7	−70.0	48.1	−20.1
Investing activities
Capital expenditures	−9.9	−16.1	−27.2	−20.9	−18.8	−13.6
Other investing cash flows	119	−2.9	152	−287	279	1.9
Cash from investing	109	−19.0	125	−308	261	−11.7
Financing activities
Financing cash flow items	−7.7	−1.4	−0.6	−3.0	−20.2	−12.2
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−93.9	−89.9	−106	−10.9	426	−7.3
Cash from financing	−102	−91.3	−106	−13.8	406	−19.5
Foreign exchange effects	4.7	−5.1	3.5	−5.8	−9.2	1.4
Net change in cash	−75.8	−160	−58.9	−398	705	−49.9
Free cash flow	−97.8	−61.0	−108	−90.9	29.4	−33.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.