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Side-by-side financial comparison of Proto Labs Inc (PRLB) and Sangoma Technologies Corp (SANG). Click either name above to swap in a different company.

Proto Labs Inc is the larger business by last-quarter revenue ($139.3M vs $102.3M, roughly 1.4× Sangoma Technologies Corp). Proto Labs Inc runs the higher net margin — 5.8% vs -3.7%, a 9.5% gap on every dollar of revenue. Over the past eight quarters, Sangoma Technologies Corp's revenue compounded faster (27.4% CAGR vs 5.3%).

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...

Sangoma Corporation, formerly known as Sangoma Technologies Corporation, is a Canadian company specializing in Communications as a Service (CaaS) solutions, Voice over IP (VoIP) hardware, and software for businesses. Founded in 1984 and headquartered in Markham, Ontario, Sangoma is publicly traded on the Toronto Stock Exchange and NASDAQ (SANG). The company rebranded to Sangoma Corporation in [year of name change, e.g., 2024; source needed] to reflect its broadened focus on unified communicat...

PRLB vs SANG — Head-to-Head

Bigger by revenue
PRLB
PRLB
1.4× larger
PRLB
$139.3M
$102.3M
SANG
Higher net margin
PRLB
PRLB
9.5% more per $
PRLB
5.8%
-3.7%
SANG
Faster 2-yr revenue CAGR
SANG
SANG
Annualised
SANG
27.4%
5.3%
PRLB

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
PRLB
PRLB
SANG
SANG
Revenue
$139.3M
$102.3M
Net Profit
$8.1M
$-3.8M
Gross Margin
45.6%
79.9%
Operating Margin
7.1%
Net Margin
5.8%
-3.7%
Revenue YoY
10.4%
Net Profit YoY
125.4%
EPS (diluted)
$0.29

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
PRLB
PRLB
SANG
SANG
Q1 26
$139.3M
Q4 25
$136.5M
$102.3M
Q3 25
$135.4M
$50.8M
Q2 25
$135.1M
Q1 25
$126.2M
$177.3M
Q4 24
$121.8M
$119.3M
Q3 24
$125.6M
$60.1M
Q2 24
$125.6M
Net Profit
PRLB
PRLB
SANG
SANG
Q1 26
$8.1M
Q4 25
$-3.8M
Q3 25
$7.2M
$-1.9M
Q2 25
$4.4M
Q1 25
$3.6M
$-7.0M
Q4 24
$-5.7M
Q3 24
$7.2M
$-2.4M
Q2 24
$4.5M
Gross Margin
PRLB
PRLB
SANG
SANG
Q1 26
45.6%
Q4 25
44.2%
79.9%
Q3 25
45.3%
81.0%
Q2 25
44.3%
Q1 25
44.1%
73.9%
Q4 24
42.7%
73.8%
Q3 24
45.6%
73.2%
Q2 24
45.0%
Operating Margin
PRLB
PRLB
SANG
SANG
Q1 26
7.1%
Q4 25
5.0%
Q3 25
6.5%
Q2 25
3.7%
Q1 25
3.6%
Q4 24
-1.2%
Q3 24
6.8%
Q2 24
4.8%
Net Margin
PRLB
PRLB
SANG
SANG
Q1 26
5.8%
Q4 25
-3.7%
Q3 25
5.3%
-3.8%
Q2 25
3.3%
Q1 25
2.9%
-3.9%
Q4 24
-4.8%
Q3 24
5.7%
-4.1%
Q2 24
3.6%
EPS (diluted)
PRLB
PRLB
SANG
SANG
Q1 26
$0.29
Q4 25
$0.25
Q3 25
$0.30
Q2 25
$0.18
Q1 25
$0.15
Q4 24
$-0.01
Q3 24
$0.29
Q2 24
$0.18

Balance Sheet & Financial Strength

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

Metric
PRLB
PRLB
SANG
SANG
Cash + ST InvestmentsLiquidity on hand
$124.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$683.1M
Total Assets
$778.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRLB
PRLB
SANG
SANG
Q1 26
$124.0M
Q4 25
$128.1M
Q3 25
$119.2M
Q2 25
$103.2M
Q1 25
$96.8M
Q4 24
$103.1M
Q3 24
$100.5M
Q2 24
$112.9M
Stockholders' Equity
PRLB
PRLB
SANG
SANG
Q1 26
$683.1M
Q4 25
$673.9M
Q3 25
$664.7M
Q2 25
$664.7M
Q1 25
$656.8M
Q4 24
$670.2M
Q3 24
$680.0M
Q2 24
$685.2M
Total Assets
PRLB
PRLB
SANG
SANG
Q1 26
$778.6M
Q4 25
$763.4M
Q3 25
$756.9M
Q2 25
$743.3M
Q1 25
$737.5M
Q4 24
$743.5M
Q3 24
$753.8M
Q2 24
$758.2M

Cash Flow & Capital Efficiency

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

Metric
PRLB
PRLB
SANG
SANG
Operating Cash FlowLast quarter
$17.5M
$24.0M
Free Cash FlowOCF − Capex
$23.1M
FCF MarginFCF / Revenue
22.6%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$80.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRLB
PRLB
SANG
SANG
Q1 26
$17.5M
Q4 25
$16.5M
$24.0M
Q3 25
$29.1M
$12.1M
Q2 25
$10.6M
Q1 25
$18.4M
$32.5M
Q4 24
$17.3M
$17.0M
Q3 24
$24.8M
$7.8M
Q2 24
$14.4M
Free Cash Flow
PRLB
PRLB
SANG
SANG
Q1 26
Q4 25
$8.4M
$23.1M
Q3 25
$25.0M
$11.7M
Q2 25
$9.1M
Q1 25
$17.1M
$29.8M
Q4 24
$16.5M
$15.4M
Q3 24
$23.2M
$7.2M
Q2 24
$10.2M
FCF Margin
PRLB
PRLB
SANG
SANG
Q1 26
Q4 25
6.2%
22.6%
Q3 25
18.5%
23.0%
Q2 25
6.7%
Q1 25
13.6%
16.8%
Q4 24
13.5%
12.9%
Q3 24
18.5%
11.9%
Q2 24
8.2%
Capex Intensity
PRLB
PRLB
SANG
SANG
Q1 26
Q4 25
5.9%
0.9%
Q3 25
3.0%
0.9%
Q2 25
1.1%
Q1 25
1.0%
1.5%
Q4 24
0.7%
1.4%
Q3 24
1.2%
1.1%
Q2 24
3.3%
Cash Conversion
PRLB
PRLB
SANG
SANG
Q1 26
2.16×
Q4 25
Q3 25
4.03×
Q2 25
2.39×
Q1 25
5.11×
Q4 24
Q3 24
3.44×
Q2 24
3.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRLB
PRLB

CNC Machining$63.2M45%
Injection Molding$51.1M37%
3D Printing$20.5M15%
Sheet Metal$4.4M3%
Other Revenue$207.0K0%

SANG
SANG

Segment breakdown not available.

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