Shapeways Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Shapeways Holdings Inc (SHPW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Shapeways Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 34M vs 1,667M combined for tracked competitors (2.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+1.4% annualized vs trailing 12 months), vs accelerating (+29.7%) for its tracked peer group.
- Growth: Shapeways Holdings Inc generated -2.4% revenue growth year over year in Q4 2023, vs 14.2% for its tracked competitors combined.
- Profitability: Its -124.0% net margin compares with 0.7% for the peer group.
- Peer revenue share: Shapeways Holdings Inc accounted for 1.6% of combined revenue among its tracked peer group, down from 1.8% a year earlier.
- Peer differentiation: Revenue per employee of $0.11M compares with $0.28M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SHPW Sales vs. its Competitors, Q4 2023
Shapeways Holdings Inc reported revenue contraction of 2.41 % year on year in Q4 2023, below its competitors' combined revenue growth of 14.16 %.
With a net margin of -124.00 %, Shapeways Holdings Inc reported lower profitability than its competitors (0.73 %).
Shapeways Holdings Inc generated 1.55 % of the combined sales of its peer group, down from 1.80 % a year earlier.
Shapeways Holdings Inc vs. its Competitors, Q4 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Shapeways Holdings Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Shapeways Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Shapeways Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Shapeways Holdings Inc's competitor groups requires a Commercial License.
For context: the Miscellaneous Manufacturing industry grew revenue 9.5% year over year, combined, vs -2.4% for Shapeways Holdings Inc. Shapeways Holdings Inc's share of combined industry revenue moved from 0.01% to 0.01%, a gain of 0.00 percentage points.
Shapeways Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Shapeways Holdings Inc | - | Yes | No | No |
| Competitors combined (3) | ||||
| High-Confidence Competitors (2) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SHPW Stock Performance relative to its Competitors
SHPW Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Xometry Inc | 282.9% | Outperformed |
| 2 | Proto Labs Inc | 282.9% | Outperformed |
| 3 | Materialise Nv | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Shapeways Holdings Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Shapeways Holdings Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Shapeways Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Shapeways Holdings Inc | 2.02 | 33.50 |
| Proto Labs Inc | 2,090.24 | 560.54 |
| Xometry Inc | - | 807.03 |
| Materialise Nv | - | 299.75 |
| SUBTOTAL | 2,092.26 | 1,700.82 |
Sources: Shapeways Holdings Inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Shapeways Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Shapeways Holdings Inc's Competitors Named by the Company
Competitive relationships identified from Shapeways Holdings Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Proto Labs, Inc. | Company report | 85% |
| Materialise NV | Company report | 85% |
| Xometry Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Shapeways Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Shapeways Holdings Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Shapeways Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Proto Labs Inc | United States 82.20 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Shapeways Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Shapeways Holdings Inc | 2 | 113,576 | -148,851 |
| Proto Labs Inc | 2,090 | 245,849 | 13,368 |
| Xometry Inc | - | 687,422 | -26,242 |
| Materialise Nv | - | 117,273 | 3,381 |
| PEERS TOTAL | 2,090 | 277,424 | 1,383 |
Shapeways Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Xometry Inc | US 84.94 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Shapeways Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Manufacturing industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (54 companies). See the full Miscellaneous Manufacturing industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 43.29 % | 25.65 % (avg) | +17.6 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 5.42 % (avg) | - |
| Capital Intensity (Capex / Revenue) | - | 5.17 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Shapeways Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Manufacturing industry average (54 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Miscellaneous Manufacturing industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 23.8x | - |
| EV / EBITDA | - | 15.7x | - |
| P/B | 0.4x | 3.1x | -2.7x |
| Return on Equity | -97.49 % | industry aggregate | -115.69 % |
| Return on Invested Capital | -49.07 % | 2.00 % (avg) | -51.07 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Shapeways Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue Growth | - | - | -1.39 % | 1.05 % |
| Operating Margin | - | -19.72 % | -72.26 % | - |
| Return on Invested Capital | -0.29 % | -2.98 % | -15.73 % | -49.07 % |
| P/E | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Shapeways Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 115.7 points below the industry aggregate.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Shapeways Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Shapeways Holdings Inc | 1.56 | 3.57 | 0.01 |
| Proto Labs Inc | 1.66 | 3.47 | - |
| Xometry Inc | 0.13 | 2.87 | 0.98 |
| Materialise Nv | 1.46 | 2.43 | 0.20 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Shapeways Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Shapeways Holdings Inc | Q4 2023 | -2.4 % | - |
| Proto Labs Inc | Q2 2026 | +10.6 % | +106.7 % |
| Xometry Inc | Q2 2026 | +41.4 % | - |
| Materialise Nv | Q4 2025 | +3.8 % | -40.4 % |
| PEERS TOTAL | +15.5 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Shapeways Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Shapeways Holdings Inc | Q4 2023 | -19.8 % | - |
| Proto Labs Inc | Q2 2026 | +6.3 % | +322.5 % |
| Xometry Inc | Q2 2026 | +46.5 % | - |
| Materialise Nv | Q4 2025 | +2.4 % | -40.8 % |
Shapeways Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Shapeways Holdings Inc | - | - | - |
| Proto Labs Inc | 3.95% | 4.34% | 4.49% |
| Xometry Inc | - | - | - |
| Materialise Nv | 1.83% | 2.54% | 3.02% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Shapeways Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Shapeways Holdings Inc | - | 0.06 |
| Proto Labs Inc | 68.36 | 3.73 |
| Xometry Inc | - | - |
| Materialise Nv | - | - |
| PEERS AVERAGE | - | 1.23 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.