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Side-by-side financial comparison of INNODATA INC (INOD) and Proto Labs Inc (PRLB). Click either name above to swap in a different company.

Proto Labs Inc is the larger business by last-quarter revenue ($136.5M vs $72.4M, roughly 1.9× INNODATA INC). On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs 12.1%). INNODATA INC produced more free cash flow last quarter ($10.1M vs $8.4M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs 3.3%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Ca...

INOD vs PRLB — Head-to-Head

Bigger by revenue
PRLB
PRLB
1.9× larger
PRLB
$136.5M
$72.4M
INOD
Growing faster (revenue YoY)
INOD
INOD
+10.2% gap
INOD
22.3%
12.1%
PRLB
More free cash flow
INOD
INOD
$1.7M more FCF
INOD
$10.1M
$8.4M
PRLB
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
3.3%
PRLB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INOD
INOD
PRLB
PRLB
Revenue
$72.4M
$136.5M
Net Profit
$8.8M
Gross Margin
38.3%
44.2%
Operating Margin
15.1%
5.0%
Net Margin
12.2%
Revenue YoY
22.3%
12.1%
Net Profit YoY
-14.2%
EPS (diluted)
$0.26
$0.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INOD
INOD
PRLB
PRLB
Q4 25
$72.4M
$136.5M
Q3 25
$62.5M
$135.4M
Q2 25
$58.4M
$135.1M
Q1 25
$58.3M
$126.2M
Q4 24
$59.2M
$121.8M
Q3 24
$52.2M
$125.6M
Q2 24
$32.6M
$125.6M
Q1 24
$26.5M
$127.9M
Net Profit
INOD
INOD
PRLB
PRLB
Q4 25
$8.8M
Q3 25
$8.3M
$7.2M
Q2 25
$7.2M
$4.4M
Q1 25
$7.8M
$3.6M
Q4 24
$10.3M
Q3 24
$17.4M
$7.2M
Q2 24
$-14.0K
$4.5M
Q1 24
$989.0K
$5.3M
Gross Margin
INOD
INOD
PRLB
PRLB
Q4 25
38.3%
44.2%
Q3 25
40.8%
45.3%
Q2 25
39.4%
44.3%
Q1 25
39.9%
44.1%
Q4 24
45.2%
42.7%
Q3 24
40.8%
45.6%
Q2 24
28.7%
45.0%
Q1 24
36.4%
44.9%
Operating Margin
INOD
INOD
PRLB
PRLB
Q4 25
15.1%
5.0%
Q3 25
18.8%
6.5%
Q2 25
15.3%
3.7%
Q1 25
14.2%
3.6%
Q4 24
19.0%
-1.2%
Q3 24
21.9%
6.8%
Q2 24
1.0%
4.8%
Q1 24
5.0%
5.3%
Net Margin
INOD
INOD
PRLB
PRLB
Q4 25
12.2%
Q3 25
13.3%
5.3%
Q2 25
12.4%
3.3%
Q1 25
13.3%
2.9%
Q4 24
17.4%
Q3 24
33.3%
5.7%
Q2 24
-0.0%
3.6%
Q1 24
3.7%
4.1%
EPS (diluted)
INOD
INOD
PRLB
PRLB
Q4 25
$0.26
$0.25
Q3 25
$0.24
$0.30
Q2 25
$0.20
$0.18
Q1 25
$0.22
$0.15
Q4 24
$0.35
$-0.01
Q3 24
$0.51
$0.29
Q2 24
$0.00
$0.18
Q1 24
$0.03
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INOD
INOD
PRLB
PRLB
Cash + ST InvestmentsLiquidity on hand
$82.2M
$128.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$107.1M
$673.9M
Total Assets
$168.6M
$763.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
PRLB
PRLB
Q4 25
$82.2M
$128.1M
Q3 25
$73.9M
$119.2M
Q2 25
$59.8M
$103.2M
Q1 25
$56.6M
$96.8M
Q4 24
$46.9M
$103.1M
Q3 24
$26.4M
$100.5M
Q2 24
$16.5M
$112.9M
Q1 24
$19.0M
$109.7M
Stockholders' Equity
INOD
INOD
PRLB
PRLB
Q4 25
$107.1M
$673.9M
Q3 25
$97.3M
$664.7M
Q2 25
$86.7M
$664.7M
Q1 25
$75.5M
$656.8M
Q4 24
$63.5M
$670.2M
Q3 24
$47.7M
$680.0M
Q2 24
$29.0M
$685.2M
Q1 24
$27.6M
$687.3M
Total Assets
INOD
INOD
PRLB
PRLB
Q4 25
$168.6M
$763.4M
Q3 25
$152.9M
$756.9M
Q2 25
$132.6M
$743.3M
Q1 25
$125.2M
$737.5M
Q4 24
$113.4M
$743.5M
Q3 24
$88.2M
$753.8M
Q2 24
$66.0M
$758.2M
Q1 24
$63.6M
$769.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INOD
INOD
PRLB
PRLB
Operating Cash FlowLast quarter
$12.9M
$16.5M
Free Cash FlowOCF − Capex
$10.1M
$8.4M
FCF MarginFCF / Revenue
13.9%
6.2%
Capex IntensityCapex / Revenue
3.9%
5.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$35.6M
$59.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
PRLB
PRLB
Q4 25
$12.9M
$16.5M
Q3 25
$18.8M
$29.1M
Q2 25
$4.2M
$10.6M
Q1 25
$10.9M
$18.4M
Q4 24
$17.2M
$17.3M
Q3 24
$11.4M
$24.8M
Q2 24
$-454.0K
$14.4M
Q1 24
$6.8M
$21.3M
Free Cash Flow
INOD
INOD
PRLB
PRLB
Q4 25
$10.1M
$8.4M
Q3 25
$14.5M
$25.0M
Q2 25
$2.5M
$9.1M
Q1 25
$8.5M
$17.1M
Q4 24
$15.0M
$16.5M
Q3 24
$9.9M
$23.2M
Q2 24
$-3.2M
$10.2M
Q1 24
$5.4M
$18.8M
FCF Margin
INOD
INOD
PRLB
PRLB
Q4 25
13.9%
6.2%
Q3 25
23.2%
18.5%
Q2 25
4.3%
6.7%
Q1 25
14.6%
13.6%
Q4 24
25.3%
13.5%
Q3 24
19.0%
18.5%
Q2 24
-9.8%
8.2%
Q1 24
20.5%
14.7%
Capex Intensity
INOD
INOD
PRLB
PRLB
Q4 25
3.9%
5.9%
Q3 25
6.8%
3.0%
Q2 25
2.9%
1.1%
Q1 25
4.0%
1.0%
Q4 24
3.7%
0.7%
Q3 24
2.8%
1.2%
Q2 24
8.4%
3.3%
Q1 24
5.1%
2.0%
Cash Conversion
INOD
INOD
PRLB
PRLB
Q4 25
1.46×
Q3 25
2.25×
4.03×
Q2 25
0.59×
2.39×
Q1 25
1.40×
5.11×
Q4 24
1.67×
Q3 24
0.65×
3.44×
Q2 24
3.18×
Q1 24
6.84×
4.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INOD
INOD

Segment breakdown not available.

PRLB
PRLB

CNC Machining Firstcut$65.5M48%
Injection Molding Protomold$47.6M35%
Three D Printing Fineline$18.8M14%
Sheet Metal$4.4M3%

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