Stratasys (SSYS)
Market Price (8/24/2026): $7.9 | Market Cap: $687.7 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Stratasys (SSYS)
Market Price (8/24/2026): $7.9Market Cap: $687.7 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27% Megatrend and thematic driversMegatrends include Automation & Robotics, and Advanced Materials. Themes include Factory Automation, Lightweight Composites, Show more. | Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -120% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -83 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -0.3% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% Key risksSSYS key risks include [1] geopolitical instability impacting its significant operational concentration in Israel. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and Advanced Materials. Themes include Factory Automation, Lightweight Composites, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -33%, 3Y Excs Rtn is -120% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -83 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -15% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -0.3% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% |
| Key risksSSYS key risks include [1] geopolitical instability impacting its significant operational concentration in Israel. |
Qualitative Assessment
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Stratasys (SSYS) stock has lost about 10% since 4/30/2026 because of the following key factors:
1. Q2 fiscal year 2026 Revenue Miss and Decline in System Sales. Stratasys reported revenue of $137.6 million for fiscal Q2 2026, which ended June 30, 2026, slightly missing the consensus estimate of $138.48 million and representing a 0.4% year-over-year decline. This was primarily driven by a 13.7% year-over-year decrease in system revenue, despite record consumables revenue of $66.3 million. The decline in new system sales indicates potential headwinds in new hardware adoption or market demand, which can put downward pressure on investor sentiment even with a beat in non-GAAP earnings per share.
2. Revised Full-Year Operating Cash Flow Guidance. The company revised its full-year 2026 operating cash flow guidance, no longer expecting it to be positive for the entire year, despite reaffirming other full-year outlooks, including revenue guidance of $565 million to $575 million. This revision followed a significant cash usage of $18.7 million from operations in fiscal Q2 2026, primarily attributed to "atypical non-routine items" such as legal expenses related to intellectual property. This change signaled a weakening in short-term financial flexibility and profitability.
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Stratasys (SSYS) stock has lost about 10% since 4/30/2026 because of the following key factors:
1. Q2 fiscal year 2026 Revenue Miss and Decline in System Sales. Stratasys reported revenue of $137.6 million for fiscal Q2 2026, which ended June 30, 2026, slightly missing the consensus estimate of $138.48 million and representing a 0.4% year-over-year decline. This was primarily driven by a 13.7% year-over-year decrease in system revenue, despite record consumables revenue of $66.3 million. The decline in new system sales indicates potential headwinds in new hardware adoption or market demand, which can put downward pressure on investor sentiment even with a beat in non-GAAP earnings per share.
2. Revised Full-Year Operating Cash Flow Guidance. The company revised its full-year 2026 operating cash flow guidance, no longer expecting it to be positive for the entire year, despite reaffirming other full-year outlooks, including revenue guidance of $565 million to $575 million. This revision followed a significant cash usage of $18.7 million from operations in fiscal Q2 2026, primarily attributed to "atypical non-routine items" such as legal expenses related to intellectual property. This change signaled a weakening in short-term financial flexibility and profitability.
3. Mixed Financial Performance and Profitability Concerns. While Stratasys exceeded non-GAAP earnings per share (EPS) estimates in fiscal Q2 2026 by reporting $0.03 against a consensus of $0.01, its GAAP net loss remained substantial at $16.9 million, or ($0.19) per diluted share. Additionally, Adjusted EBITDA for the quarter declined to $5.3 million from $6.1 million in Q2 2025. This mixed performance, particularly the ongoing GAAP losses and a decline in adjusted EBITDA, may have contributed to investor caution regarding the company's path to consistent profitability.
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Stock Movement Drivers
Fundamental Drivers
The -10.9% change in SSYS stock from 4/30/2026 to 8/23/2026 was primarily driven by a -8.9% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.87 | 7.90 | -10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 551 | 547 | -0.7% |
| P/S Multiple | 1.4 | 1.3 | -8.9% |
| Shares Outstanding (Mil) | 86 | 87 | -1.5% |
| Cumulative Contribution | -10.9% |
Market Drivers
4/30/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| SSYS | -10.9% | |
| Market (SPY) | 6.5% | 66.4% |
| Sector (XLK) | 14.9% | 69.8% |
Fundamental Drivers
The -26.2% change in SSYS stock from 1/31/2026 to 8/23/2026 was primarily driven by a -22.6% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.70 | 7.90 | -26.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 561 | 547 | -2.5% |
| P/S Multiple | 1.6 | 1.3 | -22.6% |
| Shares Outstanding (Mil) | 85 | 87 | -2.2% |
| Cumulative Contribution | -26.2% |
Market Drivers
1/31/2026 to 8/23/2026| Return | Correlation | |
|---|---|---|
| SSYS | -26.2% | |
| Market (SPY) | 11.0% | 67.1% |
| Sector (XLK) | 27.6% | 69.4% |
Fundamental Drivers
The -27.1% change in SSYS stock from 7/31/2025 to 8/23/2026 was primarily driven by a -17.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.83 | 7.90 | -27.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 564 | 547 | -3.0% |
| P/S Multiple | 1.4 | 1.3 | -9.0% |
| Shares Outstanding (Mil) | 72 | 87 | -17.3% |
| Cumulative Contribution | -27.1% |
Market Drivers
7/31/2025 to 8/23/2026| Return | Correlation | |
|---|---|---|
| SSYS | -27.1% | |
| Market (SPY) | 22.2% | 50.5% |
| Sector (XLK) | 40.1% | 49.4% |
Fundamental Drivers
The -56.4% change in SSYS stock from 7/31/2023 to 8/23/2026 was primarily driven by a -34.6% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8232026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.13 | 7.90 | -56.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 637 | 547 | -14.1% |
| P/S Multiple | 1.9 | 1.3 | -34.6% |
| Shares Outstanding (Mil) | 68 | 87 | -22.4% |
| Cumulative Contribution | -56.4% |
Market Drivers
7/31/2023 to 8/23/2026| Return | Correlation | |
|---|---|---|
| SSYS | -56.4% | |
| Market (SPY) | 73.2% | 38.3% |
| Sector (XLK) | 109.4% | 35.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SSYS Return | 18% | -52% | 20% | -38% | -2% | -9% | -62% |
| Peers Return | 58% | -35% | 71% | 29% | 82% | 108% | 763% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| SSYS Win Rate | 50% | 42% | 58% | 25% | 42% | 50% | |
| Peers Win Rate | 69% | 31% | 75% | 64% | 64% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SSYS Max Drawdown | -66% | -60% | -52% | -57% | -36% | -36% | |
| Peers Max Drawdown | -18% | -44% | -18% | -30% | -37% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: P, ADIG, AAPL, DELL, STX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)
How Low Can It Go
| Event | SSYS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.8% | -18.8% |
| % Gain to Breakeven | 36.7% | 23.1% |
| Time to Breakeven | 195 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -16.7% | -7.8% |
| % Gain to Breakeven | 20.0% | 8.5% |
| Time to Breakeven | 91 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.5% | -33.7% |
| % Gain to Breakeven | 55.0% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.8% | -19.2% |
| % Gain to Breakeven | 29.6% | 23.8% |
| Time to Breakeven | 39 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.6% | -3.7% |
| % Gain to Breakeven | 44.2% | 3.9% |
| Time to Breakeven | 110 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -50.3% | -12.2% |
| % Gain to Breakeven | 101.4% | 13.9% |
| Time to Breakeven | 1813 days | 62 days |
In The Past
Stratasys's stock fell -26.8% during the 2025 US Tariff Shock. Such a loss loss requires a 36.7% gain to breakeven.
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Asset Allocation
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| Event | SSYS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.8% | -18.8% |
| % Gain to Breakeven | 36.7% | 23.1% |
| Time to Breakeven | 195 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.5% | -33.7% |
| % Gain to Breakeven | 55.0% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.8% | -19.2% |
| % Gain to Breakeven | 29.6% | 23.8% |
| Time to Breakeven | 39 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -30.6% | -3.7% |
| % Gain to Breakeven | 44.2% | 3.9% |
| Time to Breakeven | 110 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -50.3% | -12.2% |
| % Gain to Breakeven | 101.4% | 13.9% |
| Time to Breakeven | 1813 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -54.2% | -17.9% |
| % Gain to Breakeven | 118.6% | 21.8% |
| Time to Breakeven | 123 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -71.9% | -53.4% |
| % Gain to Breakeven | 256.4% | 114.4% |
| Time to Breakeven | 345 days | 1085 days |
In The Past
Stratasys's stock fell -26.8% during the 2025 US Tariff Shock. Such a loss loss requires a 36.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Stratasys (SSYS)
Stratasys Ltd. (SSYS) is a leading provider of connected polymer-based 3D printing solutions, primarily serving the additive manufacturing industry. The company specializes in offering comprehensive systems that enable rapid prototyping, design validation, visualization, communication, and ultimately, production of functional parts across various sectors. Stratasys empowers businesses to transform their manufacturing processes through advanced 3D printing technologies.
The company's core offerings include a diverse range of 3D printing systems, such as PolyJet, FDM, stereolithography, and programmable photopolymerization printers. Complementing these systems, Stratasys provides a wide array of proprietary 3D printing materials, including filament and resin-based options. Furthermore, Stratasys offers a robust software ecosystem, notably the GrabCAD Additive Manufacturing Platform, which helps manage production-scale additive manufacturing operations, alongside GrabCAD Shop for workflow simplification, and community platforms like Thingiverse.com and GrabCAD Community. Installation, training, maintenance, and technical support services are also integral to their complete solution.
Stratasys's products and services are primarily utilized across a broad spectrum of industries, including aerospace, automotive, transportation, healthcare, consumer products, dental, medical, and educational sectors. The company operates globally, reaching its diverse customer base through an established network of resellers and independent sales agents.
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It's like the HP or Canon for the world of industrial 3D printing.
Imagine an Autodesk for physical production: they provide the software, the machines, and the materials to turn 3D designs into real-world objects.
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- 3D Printing Systems: A range of printers, including Polyjet, FDM, Stereolithography, and programmable photo polymerization systems for prototyping and production.
- 3D Printing Materials: Consumables such as FDM filaments, Polyjet resins, and various digital materials for use in their 3D printers.
- GrabCAD Additive Manufacturing Platform: Enterprise software enabling manufacturers to manage production-scale additive manufacturing operations.
- GrabCAD Shop: Software designed to simplify the workflow for 3D printing shops.
- GrabCAD software development kit (SDK): Resources providing application programming interfaces, documentation, and support for developers.
- GrabCAD Workbench: A cloud-based solution for managing project data in additive manufacturing.
- Thingiverse.com: An online community for sharing downloadable and digital 3D designs.
- GrabCAD Community: An online community for mechanical engineers, designers, manufacturers, and students.
- Installation and Training Services: On-site system installation and operator training for their 3D printing solutions.
- Maintenance and Support Services: Maintenance, repair, and remote technical support for their 3D printing systems.
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Stratasys (SSYS) primarily sells its 3D printing solutions to other companies (B2B). While the provided background information does not list specific names of major customer companies or their public symbols, it indicates that Stratasys's products and services are primarily used in the following industries, which represent its key customer segments:
- Aerospace industry
- Automotive industry
- Transportation industry
- Healthcare industry
- Consumer products industry
- Dental industry
- Medical industry
- Educational industry
The company sells its products through a network of resellers and independent sales agents worldwide to reach these industries.
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Yoav Zeif, Chief Executive Officer
Yoav Zeif joined Stratasys as CEO in February 2020. He brings extensive global experience in industry transformation, having held senior leadership roles in both public and private multi-billion-dollar corporations across various industries. Prior to Stratasys, he was President of the Americas Division, Head of Product Offering, and Chief Commercial Officer at Netafim, the world's largest micro-irrigation company, from 2013 to 2018. Before that, he served as Senior Vice President of Products and Marketing at Makhteshim (now Adama Ltd.), a global crop-protection company. From 2018 to 2020, Zeif was a partner in the New York office of McKinsey & Company. He holds an Executive MBA from the Kellogg School of Management at Northwestern University and a Ph.D. in International Economics from Bar-Ilan University. Zeif has extensive M&A experience, particularly in post-merger integration, which has been crucial in scaling businesses globally through strategic acquisitions.
Eitan Zamir, Chief Financial Officer
Eitan Zamir was appointed Chief Financial Officer of Stratasys in February 2022. He previously served as Stratasys' VP of Finance since 2019, where he was responsible for overseeing all external financial reporting, accounting, tax, treasury, and Sarbanes-Oxley compliance. Zamir possesses expertise in financial reporting, the U.S. regulatory environment, debt and equity financing, and complex M&A transactions, which have been vital in his leadership roles related to capital raising and M&A activities at Stratasys. Before joining Stratasys, he spent nearly two decades at PwC, including seven years as a Partner in Tel-Aviv and New York.
Richard Garrity, Chief Business Unit Officer
Richard Garrity was appointed Chief Business Unit Officer in September 2024. In this global role, he leads Product Management, R&D, Software, Stratasys Direct Manufacturing (SDM), Marketing, Enablement, and the Industrial and Healthcare go-to-market teams. Garrity has nearly 15 years of experience at Stratasys in executive customer-facing positions and product management, including serving as President of Stratasys, Inc. since 2016. He was instrumental in launching Stratasys' aerospace/defense, automotive, medical, and dental business units.
Amir Kleiner, Chief Operating Officer
Amir Kleiner was appointed Chief Operating Officer in April 2024. He joined Stratasys in 2011 and brings over 25 years of operations experience, encompassing management roles in operations, quality control, IT, and customer success. Before becoming COO, Kleiner served as Global VP of Customer Success, where he enhanced customer experience and significantly grew service revenues. He also previously held the position of Stratasys VP of Global Operations, leading the development of a new operations strategy that resulted in substantial efficiencies.
Vered Ben Jacob, Chief Legal Officer
Vered Ben Jacob serves as Stratasys' Chief Legal Officer, overseeing all legal and intellectual property matters for the company, including corporate, commercial, employment, compliance, and ethics. She joined Stratasys in 2013 as VP of Legal Affairs, where she established and has since led the global legal and compliance function, which includes legal and compliance professionals in Israel, Europe, and the United States. In 2018, her responsibilities expanded to include leadership of the global Intellectual Property function. Ben Jacob has a career spanning over 20 years.
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Macroeconomic Headwinds and Slowdown in Customer Spending: Stratasys faces significant challenges from macroeconomic headwinds, including lingering inflation, moderately high interest rates, and tighter credit. These factors contribute to a slowdown in customer capital spending and delayed large manufacturing deals, directly impacting system demand and overall revenue.
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Persistent Margin Pressures and Impact of Foreign Exchange/Tariffs: The company experiences ongoing margin pressures, reflected in declining gross and operating margins, and has struggled with negative operating margins over the past five years. Adverse foreign exchange rates and tariffs significantly contribute to increased costs and reduced profitability.
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Intense Competition and Rapidly Evolving 3D Printing Industry: Stratasys operates in a rapidly evolving 3D printing industry with increasing competition from new entrants offering faster and more advanced technologies. This competitive landscape necessitates continuous innovation and adaptation to maintain market positioning and capture growth opportunities.
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The clear emerging threat for Stratasys is the accelerating adoption and technological advancements in **metal additive manufacturing (3D printing)**. Stratasys explicitly focuses on "polymer-based 3D printing solutions," providing systems, materials, and software primarily for plastic-based additive manufacturing. However, key industries targeted by Stratasys, such as aerospace, automotive, healthcare, and medical, are increasingly exploring and utilizing metal 3D printing for producing high-performance, end-use parts due to superior mechanical properties (strength, heat resistance) that polymer-based solutions often cannot match. As metal additive manufacturing technologies mature, become more cost-effective, and expand their capabilities, they pose a significant threat by potentially capturing a growing share of the industrial additive manufacturing market, diverting demand away from Stratasys's specialized polymer offerings for critical applications.
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The addressable markets for Stratasys's main products and services are substantial, with the global 3D printing market experiencing significant growth across its various segments.
Global 3D Printing Market (Overall)
The global 3D printing market, also referred to as the additive manufacturing market, was estimated at approximately USD 25.92 billion in 2025 and is projected to reach around USD 125.94 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 19.29% from 2025 to 2034. Another estimate places the global market size at USD 30.55 billion in 2025, with a projection to reach USD 168.93 billion by 2033, demonstrating a CAGR of 23.9% from 2026 to 2033. North America held the largest share of the overall 3D printing market, accounting for approximately 37% in 2024.
3D Printing Systems (Hardware)
As a key component of the 3D printing market, the hardware segment, which includes 3D printing systems like those offered by Stratasys (PolyJet, FDM, stereolithography, and programmable photopolymerization printers), held a significant share. Industrial 3D printers alone accounted for a major share of 51.66% in 2026 and were expected to lead the market due to increased adoption in various industrial verticals. The hardware segment captured the largest market share of 61% in 2024 within the additive manufacturing market.
3D Printing Materials
The global 3D printing materials market, which includes Stratasys's FDM spool-based filament and PolyJet cartridge-based resin materials, was valued at USD 3.58 billion in 2025 and is expected to reach USD 28.68 billion by 2033, exhibiting a CAGR of 29.9% from 2026 to 2033. Another report estimates the market at USD 4.66 billion in 2025, projected to reach approximately USD 31.23 billion by 2035, at a CAGR of 20.96% between 2026 and 2035. North America dominated the 3D printing materials market, holding the largest revenue share of 39.1% in 2025.
3D Printing Software
Stratasys provides software solutions such as the GrabCAD Additive Manufacturing Platform, GrabCAD Shop, and GrabCAD Workbench. The global 3D printing software market size is anticipated to be worth USD 1.35 billion in 2026 and is projected to reach USD 4.79 billion by 2035, growing at a CAGR of 15.11% from 2026 to 2035. Another source indicates the market will grow from USD 3.056 billion in 2025 to USD 7.308 billion by 2030, with a CAGR of 19.05%. In 2024, the design software segment held the largest market share.
3D Printing Services
Stratasys offers various services, including system installation, training, maintenance, and technical support. The global 3D printing services market size was valued at approximately USD 9.4 billion in 2024 and is anticipated to increase to USD 83.4 billion by 2035, growing at a CAGR of 24.5%. Another estimate for the global 3D printing services market was around USD 7.5 billion in 2023 and is predicted to grow to about USD 45.5 billion by 2032, at a CAGR of roughly 22.2% between 2024 and 2032. Furthermore, the combined global 3D printing software and services market was valued at USD 28.35 billion in 2024 and is projected to reach USD 192.29 billion by 2033, with a CAGR of 23.7% during the forecast period (2025-2033).
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Stratasys (NASDAQ: SSYS) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Expansion in Manufacturing Applications: The company is strategically focused on increasing its revenue generated from manufacturing applications, shifting from traditional prototyping towards production-scale additive manufacturing. This segment accounted for 37.5% of total revenue in 2025, up from 36% in 2024 and just over 25% in 2020, with expectations for continued growth.
- Strategic Partnerships and Growth in High-Value Verticals: Stratasys is concentrating on high-value sectors such as aerospace, defense, automotive, dental, and medical. Significant partnerships, including a "transformational partnership" with Airbus producing over 25,000 flight-ready parts in 2025, and adoption by major automotive manufacturers like Subaru, are expected to drive growth in these industries.
- Increased Consumables Revenue: A projected increase in consumables revenue for 2026 over 2025 is expected. This growth is directly linked to the expanding use of Stratasys's 3D printing systems for manufacturing applications, leading to higher utilization of their materials.
- Technological Innovations and Workflow Solutions: The company emphasizes its strong technology portfolio and ongoing investment in research and development to capitalize on evolving market demands. This includes developing new products and enhancing existing ones, as well as establishing partnerships for integrated workflow solutions such as post-processing and simulation technology. The T25 high-speed head for the F770 printer, leading to significant reductions in tooling development time and cost in automotive, exemplifies this driver.
- Return of Customer Spending and Market Normalization: Stratasys's leadership anticipates an "inevitable return of customer spending" and a "normalization of market conditions," particularly in capital equipment sales. An improved macroeconomic environment is expected to lead to increased investment from customers, allowing Stratasys to leverage its established market position and technological offerings.
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Share Repurchases
- Stratasys' Board of Directors authorized a share repurchase program of up to $50 million of its ordinary shares on September 16, 2024.
- The company intends to fund these repurchases with cash on its balance sheet and ongoing cash flow generation.
Inbound Investments
- Capital World Investors purchased a new stake of 1,357,460 shares, valued at approximately $15.2 million, in Stratasys during the third quarter of 2025.
- Hussman Strategic Advisors Inc. acquired a new stake worth $2.352 million in Stratasys during the third quarter of 2025.
- State Street Corp significantly increased its stake in Stratasys by 998.4% in the fourth quarter of 2025, holding 1,567,080 shares valued at approximately $13.602 million.
Outbound Investments
- Stratasys acquired Forward-Am in May 2025.
- The company acquired Additive Flight Solutions for $90,000 in February 2024.
- Stratasys completed the acquisition of Desktop Metal for $1.8 billion in May 2023.
Capital Expenditures
- Capital expenditures for the last 12 months were approximately $22.11 million.
- For 2026, Stratasys expects capital expenditures to be in the range of $20 million to $25 million.
- The company's capital expenditures are primarily focused on supporting innovation through ongoing investments in research and development and strategic partnerships.
Peer Outperformance in Technology Hardware, Storage & Peripherals
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 56.5% | 203.8% | 337.5% | FLEX 733% · TTMI 686% · JBL 431% |
| Semiconductor Materials & Equipment | 27 | 137.0% | 78.5% | 122.3% | AEHR 1607% · AXTI 663% · KLAC 489% |
| Technology Distributors | 9 | 21.8% | 63.2% | 76.0% | CLMB 334% · AVT 153% · SNX 111% |
| Electronic Components | 26 | 54.5% | 63.6% | 57.4% | CLS 3162% · BELFA 1332% · LPTH 590% |
| Communications Equipment | 35 | 29.8% | 85.1% | 41.4% | AAOI 1714% · LITE 899% · ANET 702% |
| Semiconductors | 54 | 31.6% | 32.8% | 30.9% | POET 1926% · MU 1277% · NVDA 889% |
| Technology Hardware, Storage & Peripherals ← | 22 | 31.2% | 83.1% | 23.4% | STX 1046% · SMCI 949% · WDC 916% |
| Internet Services & Infrastructure | 6 | 13.9% | 40.0% | 15.0% | DOCN 108% · VRSN 34% · GDDY 33% |
| Electronic Equipment & Instruments | 27 | -7.9% | 14.3% | -4.5% | PI 209% · SOTK 138% · NSSC 127% |
| IT Consulting & Other Services | 28 | -25.2% | -6.7% | -18.1% | CHRN 627400% · APLD 1745% · INOD 705% |
| Application Software | 123 | -19.6% | -8.7% | -43.1% | VIDA 394900% · INLX 5338% · PLTR 617% |
| Systems Software | 69 | -7.8% | 17.1% | -55.4% | QNC 752% · PAYS 440% · PANW 386% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| With Stratasys Stock Surging, Have You Considered The Downside? | 10/17/2025 | |
| SSYS Dip Buy Analysis | 07/10/2025 | |
| Should You Buy Stratasys Stock? | 05/16/2025 | |
| Stratasys (SSYS) Valuation Ratios Comparison | 05/15/2025 | |
| Stratasys Total Shareholder Return (TSR): -37.7% in 2024 and -28.7% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 03/31/2026 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 208.95 |
| Mkt Cap | 191.2 |
| Rev LTM | 12,195 |
| Op Inc LTM | 4,226 |
| FCF LTM | 3,105 |
| FCF 3Y Avg | 1,529 |
| CFO LTM | 3,674 |
| CFO 3Y Avg | 1,892 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.0% |
| Rev Chg 3Y Avg | 12.9% |
| Rev Chg Q | 35.2% |
| QoQ Delta Rev Chg LTM | 7.5% |
| Op Inc Chg LTM | 63.1% |
| Op Inc Chg 3Y Avg | 29.1% |
| Op Mgn LTM | 8.1% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 19.7% |
| CFO/Rev 3Y Avg | 18.7% |
| FCF/Rev LTM | 13.1% |
| FCF/Rev 3Y Avg | 14.9% |
Price Behavior
| Market Price | $7.90 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 10/21/1994 | |
| Distance from 52W High | -36.5% | |
| 50 Days | 200 Days | |
| DMA Price | $8.50 | $9.07 |
| DMA Trend | down | down |
| Distance from DMA | -7.1% | -12.9% |
| 3M | 1YR | |
| Volatility | 49.5% | 53.1% |
| Downside Capture | 311.76 | 306.62 |
| Upside Capture | 214.77 | 205.33 |
| Correlation (SPY) | 67.9% | 55.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.36 | 2.10 | 2.46 | 2.22 | 2.11 | 1.31 |
| Up Beta | 3.66 | 2.31 | 1.96 | 2.00 | 2.21 | 1.01 |
| Down Beta | 1.07 | 1.55 | 1.35 | 1.31 | 1.71 | 1.04 |
| Up Capture | 172% | 135% | 292% | 256% | 265% | 232% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 8 | 16 | 30 | 60 | 114 | 329 |
| Down Capture | 290% | 263% | 288% | 221% | 169% | 111% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 14 | 27 | 33 | 65 | 137 | 414 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSYS | |
|---|---|---|---|---|
| SSYS | -23.5% | 53.1% | -0.32 | - |
| Sector ETF (XLK) | 41.9% | 26.0% | 1.31 | 54.4% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 55.5% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 28.0% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -7.9% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 14.7% |
| Bitcoin (BTCUSD) | -31.6% | 44.1% | -0.73 | 32.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSYS | |
|---|---|---|---|---|
| SSYS | -18.8% | 54.9% | -0.18 | - |
| Sector ETF (XLK) | 19.7% | 25.9% | 0.68 | 43.0% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 44.4% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 11.6% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 5.7% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 31.3% |
| Bitcoin (BTCUSD) | 10.4% | 52.8% | 0.38 | 26.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SSYS | |
|---|---|---|---|---|
| SSYS | -9.5% | 56.4% | 0.05 | - |
| Sector ETF (XLK) | 24.1% | 24.9% | 0.88 | 41.5% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 42.0% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | 5.5% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 10.7% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 28.1% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 18.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 6-K |
| 03/31/2026 | 05/07/2026 | 6-K |
| 12/31/2025 | 03/05/2026 | 20-F |
| 09/30/2025 | 11/13/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/06/2025 | 20-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/29/2024 | 6-K |
| 03/31/2024 | 05/30/2024 | 6-K |
| 12/31/2023 | 03/11/2024 | 20-F |
| 09/30/2023 | 11/16/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 6-K |
| 12/31/2022 | 03/03/2023 | 20-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/13/2026 | 6-K |
| 03/31/2026 | 05/07/2026 | 6-K |
| 12/31/2025 | 03/05/2026 | 20-F |
| 09/30/2025 | 11/13/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 03/06/2025 | 20-F |
| 09/30/2024 | 11/13/2024 | 6-K |
| 06/30/2024 | 08/29/2024 | 6-K |
| 03/31/2024 | 05/30/2024 | 6-K |
| 12/31/2023 | 03/11/2024 | 20-F |
| 09/30/2023 | 11/16/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 6-K |
| 12/31/2022 | 03/03/2023 | 20-F |
| 09/30/2022 | 11/10/2022 | 6-K |
| 06/30/2022 | 08/03/2022 | 6-K |
| 03/31/2022 | 05/17/2022 | 6-K |
| 12/31/2021 | 02/24/2022 | 20-F |
| 09/30/2021 | 11/04/2021 | 6-K |
| 06/30/2021 | 08/05/2021 | 6-K |
| 03/31/2021 | 05/05/2021 | 6-K |
| 12/31/2020 | 03/01/2021 | 20-F |
| 09/30/2020 | 11/12/2020 | 6-K |
| 06/30/2020 | 08/05/2020 | 6-K |
| 03/31/2020 | 05/14/2020 | 6-K |
| 12/31/2019 | 02/26/2020 | 20-F |
| 09/30/2019 | 11/13/2019 | 6-K |
Investor Activity (13F)
Updated Aug 24, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Stratasys — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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