MTLS
Materialise N.V.
MTLS's fundamentals are mixed: free cash flow more than tripled, while its operating margin held steady at 2.7%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
MTLS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
MTLS's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
MTLS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 27x | $6.59 | — |
| Cheap | 28x | $6.92 | +5% |
| Fair | 43x | $10.75 | +63% |
| Expensive | 171x | $42.74 | +549% |
Historical ranges are pointers, not guarantees.
MTLS's PE is 27x, but its earnings don't support one, so it isn't a reliable read right now.
MTLS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect MTLS's earnings to grow, with its revenue and profitability holding steady.
MTLS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.25 | +213% |
| Q2 2026 | $0.26 | +136% |
| Q1 2026 | $0.19 | +12% |
| Q4 2025 | $0.15 | -40% |
| Q4 2025 | $0.08 | -58% |
| Q2 2025 | $0.11 | -48% |
| Q1 2025 | $0.17 | +31% |
| Q4 2024 | $0.25 | +92% |
MTLS earned $0.25 per share over the past year, about three times what it earned the year before.
MTLS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $74.7M | -0.3% |
| Q2 2026 | $79.1M | +9.9% |
| Q1 2026 | $73.6M | -0.2% |
| Q4 2025 | $77.9M | +6.8% |
| Q4 2025 | $75M | -1.7% |
| Q2 2025 | $72M | -5.8% |
| Q1 2025 | $73.7M | +4.3% |
| Q4 2024 | $73M | +0.6% |
MTLS's revenue grew through 2023 and has held roughly level since: $75M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.3% | -3.5 points |
| Q2 2026 | 2.9% | -1.3 points |
| Q1 2026 | 3.1% | +2.3 points |
| Q4 2025 | 4.4% | +6.4 points |
| Q4 2025 | 3.8% | -2.5 points |
| Q2 2025 | 4.2% | -1.3 points |
| Q1 2025 | 0.9% | -3.2 points |
| Q4 2024 | -1.9% | -0.2 points |
MTLS's operating margin was 0.3% last quarter, down 3.5 points from the same quarter a year ago.
MTLS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.3M | +70% |
| Q2 2026 | $6.6M | +$11.9M |
| Q1 2026 | $6M | -31% |
| Q4 2025 | $1.2M | +$2.9M |
| Q4 2025 | $4.9M | +$5.4M |
| Q2 2025 | -$5.3M | -$5.2M |
| Q1 2025 | $8.8M | +10% |
| Q4 2024 | -$1.7M | +$792.1K |
MTLS generated $22M in free cash flow over the past year, about three times what it generated the year before.
MTLS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -268K shares |
| 1 year | -1.7% | -1M shares |
| 3 years | -1.7% | -1M shares |
| 5 years | -1.5% | -883K shares |
| Available history | +7.9% | +4.3M shares |
MTLS has 58M diluted shares, down 1.7% from a year ago, with $8M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.3M |
| Q2 2026 | $3.3M |
| Q1 2026 | $2.6M |
| Q4 2025 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
MTLS spent $8M buying back its own shares over the past year, after none the year before.
MTLS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.0x | Net Cash |
| Q2 2026 | -2.4x | Net Cash |
| Q1 2026 | -2.4x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q4 2025 | -2.0x | Net Cash |
| Q2 2025 | -2.0x | Net Cash |
| Q1 2025 | -2.0x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
MTLS has more cash than debt.
MTLS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.9 | Neutral |
| Stochastic | 20.6 | Neutral |
MTLS's weekly RSI is 45 (neutral) and its Stochastic is 21 (neutral).
MTLS PE vs Technology Sector
| Metric | MTLS | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 4% below |
| PE % | 15 | 35 | 20 pts below |
MTLS is trading at 27x earnings, in line with the Technology sector's median of 28x, though its earnings don't support one.
MTLS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.80 | 16% below |
| 20 week MA | $7.30 | 9.7% below |
| 50 week MA | $6.31 | 4.4% above |
| 100 week MA | $6.10 | 8% above |
| 200 week MA | $6.37 | 3.5% above |
MTLS has slipped below its 8- and 20-week averages, though it's still 3.5% above its 200-week average.
MTLS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.5 | $56.4 | +204% |
| 2021 | $56.4 | $24.5 | -57% |
| 2022 | $24.5 | $8.65 | -65% |
| 2023 | $8.65 | $6.57 | -24% |
| 2024 | $6.57 | $7.19 | +9.4% |
| 2025 | $7.19 | $5.57 | -23% |
| 2026 YTD | $5.57 | $6.59 | +18% |
MTLS's yearly returns have swung widely, from +204% in 2020 to −65% in 2022. It's up 18% so far in 2026.