Cerence vs Materialise NV
Materialise NV is the larger business, with $303m of revenue in fiscal 2025 against $252m for Cerence (1.2 times as much). Materialise NV grew faster (4.8% against -24.0%). Materialise NV kept more of each dollar of sales as profit: a net margin of 2.9% against -7.4%. Materialise NV carries less debt relative to equity (24.7% against 139.4%).
| Latest fiscal year | CerenceCRNC, 2025 | Materialise NVMTLS, 2025 |
|---|---|---|
| Revenue | $252m | $303m |
| Revenue growth | -24.0% | 4.8% |
| Net income | −$18.7m | $8.7m |
| Operating margin | -0.9% | 3.3% |
| Net margin | -7.4% | 2.9% |
| Return on equity | -12.8% | 3.1% |
| Free cash flow | $46.8m | $12.7m |
| Cash | — | $157m |
| Total debt | $210m | $74.1m |
| Debt to equity | 139.4% | 24.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $2.4m | — |
| Employees | 1,300 | — |
| Market value | $376m | $423m |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 1 buys, 7 sales | 0 buys, 0 sales |