Xometry, Inc. (XMTR) intrinsic value & 10-year financials

Xometry, Inc. (XMTR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 43.0% a year to $686.6M, with an average return on invested capital of -10.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$90.91
Market cap
$4.5B
Revenue (FY2025)
$686.6M
Revenue growth (8-yr CAGR)
43.0%
ROIC (10-yr avg)
-10.0%
Free cash flow (FY2025)
-$24.1M

XMTR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $686.6M -$61.7M — -$24.1M -6.6% -16.0%
FY2024 $545.5M -$50.4M -$1.03 -$33.5M -10.3% -19.2%
FY2023 $463.4M -$67.5M -$1.41 -$48.4M -15.9% -23.9%
FY2022 $381.1M -$76.0M -$1.61 -$76.2M -19.4% -21.8%
FY2021 $218.3M -$61.4M -$2.33 -$74.8M -26.9% -61.1%
FY2020 $141.4M -$31.1M -$5.32 -$26.2M -20.7% 20.2%
FY2019 $80.2M -$31.0M — -$29.8M -38.1% 52.1%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Xometry, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Xometry, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.0% ROIC.

Xometry, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Xometry, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-41.79 per share.

XMTR stock: frequently asked questions

Does Xometry, Inc. generate free cash flow?

Xometry, Inc. generated -$24.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is XMTR's return on invested capital?

Average ROIC over the last 8 fiscal years was -10.0%, and average return on equity was -4.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this XMTR data come from?

From Xometry, Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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