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ValueScreener company report

3D Systems Corporation (DDD)

NYSE / Technology / Computer Hardware

Share price

2.96 USD Market dataClose of Oct 15, 2026

Market capitalisation

491.8M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Mar 9, 2026
Ratios computed
Oct 15, 2026
Filed years
16, FY2009 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

-22.2% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

12.87x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-18.8% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 633.0M USDFY2016 Net income: -38.4M USDFY2017 Revenue: 646.1M USDFY2017 Net income: -66.2M USDFY2018 Revenue: 691.5M USDFY2018 Net income: -45.5M USDFY2019 Revenue: 636.4M USDFY2019 Net income: -69.9M USDFY2020 Revenue: 557.2M USDFY2020 Net income: -149.6M USDFY2021 Revenue: 615.6M USDFY2021 Net income: 322.1M USDFY2022 Revenue: 538.0M USDFY2022 Net income: -122.7M USDFY2023 Revenue: 488.1M USDFY2023 Net income: -362.7M USDFY2024 Revenue: 440.1M USDFY2024 Net income: -255.6M USDFY2025 Revenue: 386.9M USDFY2025 Net income: 29.9M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 12.87x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Technology sector (365 companies), 12.87x sits at the 19th percentile; the middle half of that group runs from 15.65x to 58.59x.

Is it good

Return on invested capital was -22.2% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Technology sector (220 companies), -22.2% sits at the 12th percentile; the middle half of that group runs from 1.2% to 17.5%.

Is it safe

Debt to equity was 0.66 in FY2025, in the band labelled "Within Graham's industrial limit" (0.50 to 1.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Technology sector (372 companies), 0.66 sits at the 64th percentile; the middle half of that group runs from 0.08 to 1.03.

Year by year against peers
Whether 3D Systems Corporation's return on equity stayed above the median of the Technology sector, year by year. (FY2022 to FY2025, 4 fiscal years of 3D Systems Corporation with a comparable figure)
The direction
Which way 3D Systems Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of 3D Systems Corporation)
What could explain it
What in 3D Systems Corporation's filed statements could explain the movements. (6 readings drawn from the statement lines 3D Systems Corporation filed)
What to check next
What to check next on 3D Systems Corporation, and where in its filings. (7 questions for 3D Systems Corporation)
In one paragraph
One paragraph on 3D Systems Corporation's returns, cash, balance sheet and price. (12 of sixteen figures read for 3D Systems Corporation)

These are DDD’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research DDDPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 9, 2026, accession 0001628280-26-015997.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

3D Systems Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax-22.2% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Return on equity12.4% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Return on capital employed, pre-tax-23.9% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Return on assets5.7% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Gross margin33.9% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Operating margin-24.8% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Net margin7.7% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
DDD 7.7%
SSYS -18.9%CRCT 10.8%QMCO -36.1%RCAT -177.0%NNDM -286.3%
-286.3%10.8%
Net margin: DDD against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

3D Systems Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.66 ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Current ratio2.87 ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Quick ratio1.82 ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Altman Z-score-1.80 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Net debt62.8M ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Total assets 521.7MTotal liabilities 279.2MShareholders' equity 240.4MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What 3D Systems Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 9, 2026, 0001628280-26-015997).

3D Systems Corporation: balance sheet position
Total assets521.7M FiledFY2025 10-K, filed Mar 9, 2026
Total liabilities279.2M FiledFY2025 10-K, filed Mar 9, 2026
Shareholders' equity240.4M FiledFY2025 10-K, filed Mar 9, 2026
Cash95.6M FiledFY2025 10-K, filed Mar 9, 2026
Total debt158.4M FiledFY2025 10-K, filed Mar 9, 2026
Net debt62.8M
Current ratio2.87
Debt to equity0.66
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

3D Systems Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings12.87x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
P/E on trailing twelve months6.00x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.16x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Price to sales1.34x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Enterprise value to EBITDA
Why n/m

EBITDA is zero or negative, so a multiple of it is not meaningful.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Diluted earnings per share0.19 USD FiledFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Graham number2.66 USD ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997

We publish no fair value or price target of our own. Value DDD on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for 3D Systems Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

3D Systems Corporation: valuation
Share price2.96 USD
Market capitalisation491.8M USD
Enterprise value to EBITDAn/m
Graham number2.66 USD
Diluted earnings per share, FY20250.19 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 4.01x, median 6.40x, high 13.77x, latest 6.00x. 354 trading days with a meaningful ratio, 2,167 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like 3D Systems Corporation

  1. Stratasys Ltd. (SSYS)Market cap 623.6M USD
  2. Cricut, Inc. (CRCT)Market cap 1.41B USD
  3. Quantum Corporation (QMCO)Market cap 851.5M USD
  4. Red Cat Holdings, Inc. (RCAT)Market cap 748.3M USD
  5. Nano Dimension Ltd. (NNDM)Market cap 315.8M USD

Same industry (Computer Hardware) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

3D Systems Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield-18.8% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Free cash flow-97.8M USD ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Free cash flow margin-25.3% ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
FY2016 Free cash flow: 40.9M USDFY2016 Net income: -38.4M USDFY2017 Free cash flow: -4.8M USDFY2017 Net income: -66.2M USDFY2018 Free cash flow: -35.9M USDFY2018 Net income: -45.5M USDFY2019 Free cash flow: 7.6M USDFY2019 Net income: -69.9M USDFY2020 Free cash flow: -33.8M USDFY2020 Net income: -149.6M USDFY2021 Free cash flow: 29.4M USDFY2021 Net income: 322.1M USDFY2022 Free cash flow: -90.9M USDFY2022 Net income: -122.7M USDFY2023 Free cash flow: -107.9M USDFY2023 Net income: -362.7M USDFY2024 Free cash flow: -61.0M USDFY2024 Net income: -255.6M USDFY2025 Free cash flow: -97.8M USDFY2025 Net income: 29.9M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

3D Systems Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
12.87xFY2025Oct 15, 2026
2.16xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
-18.8%FY2025Oct 15, 2026
-22.2%FY2025Mar 9, 2026
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.66FY2025Mar 9, 2026
2.87FY2025Mar 9, 2026
1.34xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
-1.80FY2025Oct 15, 2026
-2.46FY2025Mar 9, 2026
4/9FY2025Mar 9, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports 3D Systems Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

3D Systems Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025386.9M-96.1M29.9M0.19-97.8M-24.8%12.4%10-K, Mar 9, 20260001628280-26-015997
FY2024440.1M-277.4M-255.6M-1.94-61.0M-63.0%-145.1%10-K, Mar 27, 20250000910638-25-000005
FY2023488.1M-406.0M-362.7M-2.79-107.9M-83.2%-85.0%10-K, Aug 13, 20240000910638-24-000030
FY2022538.0M-117.0M-122.7M-0.96-90.9M-21.8%-16.4%10-K, Mar 16, 20230000910638-23-000009
FY2021615.6M-33.1M322.1M2.5529.4M-5.4%38.2%10-K, Mar 1, 20220000910638-22-000013
FY2020557.2M-119.0M-149.6M-1.27-33.8M-21.4%-34.7%10-K, Mar 5, 20210000910638-21-000008
FY2019636.4M-57.1M-69.9M-0.617.6M-9.0%-13.4%10-K, Feb 26, 20200000910638-20-000010
FY2018691.5M-43.2M-45.5M-0.41-35.9M-6.3%-7.9%10-K, Feb 28, 20190000910638-19-000004
FY2017646.1M-54.0M-66.2M-0.59-4.8M-8.3%-10.7%10-K, Mar 14, 20180000910638-18-000006
FY2016633.0M-38.4M-38.4M-0.3540.9M-6.1%-6.1%10-K, Feb 28, 20170000910638-17-000003
  • Revenue, compound annual growth FY2016 to FY2025: -5.3%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Free cash flow was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

3D Systems Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.46 ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Piotroski F-score4/9 ComputedFY2025 10-K, filed Mar 9, 2026, 0001628280-26-015997
Named tests met1 of 30 Computed
Beta2.04 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 28 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Low P/S, rising earnings (James O'Shaughnessy)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(9)
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: EBITDA is zero or negative, so a multiple of it is not meaningful.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 9 figures could not be read on this company, among them EV/EBIT, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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