3d Systems vs Transcat
3d Systems is the larger business, with $387m of revenue in fiscal 2025 against $332m for Transcat (1.2 times as much). Transcat grew faster (19.2% against -12.1%). 3d Systems kept more of each dollar of sales as profit: a net margin of 7.7% against 1.6%. Transcat carries less debt relative to equity (33.2% against 37.6%).
| Latest fiscal year | 3d SystemsDDD, 2025 | TranscatTRNS, 2026 |
|---|---|---|
| Revenue | $387m | $332m |
| Revenue growth | -12.1% | 19.2% |
| Net income | $29.9m | $5.4m |
| Operating margin | -24.8% | 4.0% |
| Net margin | 7.7% | 1.6% |
| Return on equity | 14.3% | 1.8% |
| Free cash flow | −$97.8m | $19.6m |
| Cash | $95.6m | $4.9m |
| Total debt | $90.3m | $99.9m |
| Debt to equity | 37.6% | 33.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $15.0m | $469,000 |
| Employees | 1,418 | 1,413 |
| Market value | $408m | $848m |
| Price vs our value range | — | Within our value range |
| Moat score | 26 (Weak) | 39 (Weak) |
| Insider trades, 12 months | 0 buys, 3 sales | 1 buys, 2 sales |