SSYS vs XMTR: Which Is the Better Buy in 2026?
Last updated October 2026
Short answer
XMTR is the larger of the two ($5.02B market cap): the incumbent the market prices for continued execution (70.84x forward earnings, beta 1.23). SSYS is the smaller challenger ($607.85M), cheaper on forward earnings (37.01x): more room to run, but more to prove. The real question is which set of drivers you believe, and whether owning one (or both) leaves you over-concentrated.
SSYS vs XMTR: the tie-breaker metrics
Same yardstick, side by side (as of October 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.
| Metric | SSYS | XMTR | What it tells you |
|---|---|---|---|
| Market cap | $607.85M | $5.02B | Size. The larger name is the incumbent; the smaller has more room to grow and more to prove. |
| Forward P/E | 37.01 | 70.84 | Valuation on next year's expected earnings, the same yardstick for both. Lower is cheaper for that growth; higher means the market is paying up. |
| Beta | 1.99 | 1.23 | Volatility vs the market. Above 1 swings harder than the index; below 1 is steadier. Higher beta means bigger drawdowns to hold through. |
| Price vs 52-week range | 2% of range | 71% of range | Where today's price sits between the 52-week low and high. Near the high is momentum with less margin of safety; near the low is out of favor or a discount, depending on why. |
| Price / book | 0.74 | 8.71 | How much you pay over book value. Very high can signal an asset-light, high-return business or a rich price. |
Reading it: SSYS is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.
Before you buy: how SSYS and XMTR affect your concentration
The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. SSYS and XMTR share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.
This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined SSYS and XMTR exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.
What does Stratasys (SSYS) do?
Stratasys designs and sells industrial 3D printers and the materials that run on them, focused on polymer additive manufacturing for prototyping, tooling and end-use parts. It is listed on Nasdaq, employs about 1,760 people, and sells into aerospace, defense, automotive, healthcare and dental customers.
What does Xometry (XMTR) do?
Xometry operates an online marketplace for custom manufacturing, matching buyers who upload a CAD file with a network of independent machine shops and fabricators, and using its own pricing engine to quote instantly. Buyers get CNC machining, sheet metal, injection molding and 3D printing through a single interface, and suppliers get a flow of jobs without running their own sales effort.
SSYS vs XMTR: how do they differ?
Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.
- SSYS drivers: Shift from prototyping toward production parts; Recurring materials revenue.
- XMTR drivers: Marketplace economics; Data advantage compounds.
Which fits which kind of investor
A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: The additive manufacturing industry has repeatedly grown more slowly than forecast, and Stratasys has faced years of flat or declining revenue as a result, from about $651 million in 2022 to about $551 million in 2025. For XMTR, marketplace gross margins are structurally lower than a manufacturer's because Xometry pays the supplier for the work.
SSYS or XMTR: which should you pick?
Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick SSYS if you believe its drivers more; XMTR if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the SSYS and XMTR guides.
SSYS vs XMTR: the full fundamentals
SSYS. At about $7 a share in October 2026 Stratasys is valued near 1.1 times sales and below book value, with roughly a third of the market cap covered by net cash. No trailing P/E exists because GAAP earnings are negative, and the forward multiple near 38 rests on a thin adjusted EPS estimate of about $0.19 for 2027. Q3 2026 results on November 12 will show whether the expected return to revenue growth is arriving; the mean target of three covering analysts is about $12.
XMTR. As of October 16, 2026 XMTR traded near $94 for a market cap around $5.2 billion, roughly 6.4 times trailing revenue and about 73 times forward earnings estimates, a premium that reflects growth above 40% and a narrowing loss rather than current profits. Xometry is a marketplace rather than a manufacturer, so judge it on take rate, supplier retention and the trajectory toward profitability rather than on factory utilisation. Next results are expected around November 3, 2026, with consensus near $236 million of revenue and adjusted EPS of $0.19. Verify current figures.
Headline figures (approximate, October 2026): SSYS shows revenue (ttm) ~$547 million, revenue growth (q2 2026, yoy) ~flat (-0.3%), gross / operating margin ~42% / ~-9%, net income (ttm) ~-$115 million; XMTR shows revenue (ttm) ~$808M, revenue growth (q2 2026, yoy) ~41%, gross / operating margin ~39% / ~-2%, net income (ttm) ~-$31M (loss).
The bottom line: SSYS vs XMTR
SSYS and XMTR are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined SSYS and XMTR exposure against your real portfolio. It is not an investment adviser.
Wondering how SSYS or XMTR fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Stratasys with AI
Connect the broker you already use and ask Walnut's AI how SSYS fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is the difference between SSYS and XMTR?
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Stratasys designs and sells industrial 3D printers and the materials that run on them, focused on polymer additive manufacturing for prototyping, tooling and end-use parts. Xometry operates an online marketplace for custom manufacturing, matching buyers who upload a CAD file with a network of independent machine shops and fabricators, and using its own pricing engine to quote instantly. They show up together because they share investment themes, but they are different businesses, so the better fit depends on which thesis you are expressing.
Is SSYS or XMTR the better stock?
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Neither is universally better. XMTR is the larger incumbent; SSYS is the smaller challenger and looks cheaper on forward earnings. Walnut is informational, not investment advice. Compare what each does, the tie-breaker metrics above, and the risks, then decide which fits your thesis and what you already own.
Which is cheaper, SSYS or XMTR?
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On forward P/E (as of October 2026), SSYS trades at 37.01x and XMTR at 70.84x, so SSYS is the cheaper of the two on next year's expected earnings. A lower multiple is not automatically the better buy: a richer valuation can be justified by faster growth, and a lower one can reflect real risk. Weigh the multiple against how fast each business is compounding.
Should you own both SSYS and XMTR?
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Because they share themes, owning both concentrates you in that theme. That can be intentional (a focused bet) or accidental (less diversification than it looks). Walnut can show your combined exposure across both, and whether adding either over-concentrates you, before you buy.
What are the risks of SSYS vs XMTR?
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SSYS: The additive manufacturing industry has repeatedly grown more slowly than forecast, and Stratasys has faced years of flat or declining revenue as a result, from about $651 million in 2022 to about $551 million in 2025. Customer capital budgets for printers are discretionary and get deferred in a downturn. The company still loses money on a GAAP basis (a trailing net loss of about $115 million and an operating margin near -9%), so a stalled recovery would eat into the cash balance over time. Competition comes from both low-cost entrants and from larger industrial companies, and several rival technologies address the same applications. The company has a history of restructuring and of merger processes that did not complete, and the share price, near a 52-week low in October 2026, shows how little the market is currently willing to pay for a turnaround. XMTR: Marketplace gross margins are structurally lower than a manufacturer's because Xometry pays the supplier for the work. The company has prioritised growth over profitability and its path to sustained GAAP profit is the central question, even though losses have narrowed sharply in 2026. Quality control is harder when you do not own the production, and a bad part is still your customer relationship. Demand tracks manufacturing and engineering budgets, which are cyclical. Valuation is now a risk in its own right: after roughly doubling over the past year, the stock trades near 6.4 times trailing sales and about 73 times forward earnings estimates, so a growth slowdown could hit the shares hard. Debt of about $340 million (largely convertible notes) is covered by cash but adds dilution risk.
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Walnut is informational, not investment advice. This page is descriptive and not a recommendation to buy or sell SSYS or XMTR; figures are approximate and dated (as of October 2026). Verify current data before investing.