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Side-by-side financial comparison of XPLR Infrastructure, LP (XIFR) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $192.4M, roughly 1.3× Xometry, Inc.). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -4.5%, a 15.7% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -15.3%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-88.0M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs -1.6%).
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
XIFR vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $249.0M | $192.4M |
| Net Profit | $28.0M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -19.3% | -4.6% |
| Net Margin | 11.2% | -4.5% |
| Revenue YoY | -15.3% | 29.5% |
| Net Profit YoY | 124.3% | 12.7% |
| EPS (diluted) | — | — |
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.
| Q4 25 | $249.0M | $192.4M | ||
| Q3 25 | $315.0M | $180.7M | ||
| Q2 25 | $342.0M | $162.5M | ||
| Q1 25 | $282.0M | $151.0M | ||
| Q4 24 | $294.0M | $148.5M | ||
| Q3 24 | $319.0M | $141.7M | ||
| Q2 24 | $360.0M | $132.6M | ||
| Q1 24 | $257.0M | $122.7M |
| Q4 25 | $28.0M | $-8.6M | ||
| Q3 25 | $-37.0M | $-11.6M | ||
| Q2 25 | $79.0M | $-26.4M | ||
| Q1 25 | $-98.0M | $-15.1M | ||
| Q4 24 | $-115.0M | $-9.9M | ||
| Q3 24 | $-40.0M | $-10.2M | ||
| Q2 24 | $62.0M | $-13.7M | ||
| Q1 24 | $70.0M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -19.3% | -4.6% | ||
| Q3 25 | 1.6% | -6.1% | ||
| Q2 25 | 26.3% | -6.3% | ||
| Q1 25 | -82.6% | -10.2% | ||
| Q4 24 | -188.1% | -7.8% | ||
| Q3 24 | 15.4% | -8.1% | ||
| Q2 24 | 18.3% | -11.5% | ||
| Q1 24 | -8.2% | -14.6% |
| Q4 25 | 11.2% | -4.5% | ||
| Q3 25 | -11.7% | -6.4% | ||
| Q2 25 | 23.1% | -16.3% | ||
| Q1 25 | -34.8% | -10.0% | ||
| Q4 24 | -39.1% | -6.7% | ||
| Q3 24 | -12.5% | -7.2% | ||
| Q2 24 | 17.2% | -10.3% | ||
| Q1 24 | 27.2% | -13.5% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.40 | — | ||
| Q2 25 | $0.84 | — | ||
| Q1 25 | $-1.05 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.43 | — | ||
| Q2 24 | $0.66 | — | ||
| Q1 24 | $0.75 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.0M | $219.1M |
| Total DebtLower is stronger | $6.2B | — |
| Stockholders' EquityBook value | $10.9B | $275.6M |
| Total Assets | $19.6B | $703.7M |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.0M | $219.1M | ||
| Q3 25 | $711.0M | $224.5M | ||
| Q2 25 | $880.0M | $225.8M | ||
| Q1 25 | $1.5B | $231.4M | ||
| Q4 24 | $283.0M | $239.8M | ||
| Q3 24 | $290.0M | $234.0M | ||
| Q2 24 | $281.0M | $240.9M | ||
| Q1 24 | $245.0M | $253.8M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.9B | $275.6M | ||
| Q3 25 | $11.0B | $272.0M | ||
| Q2 25 | $11.3B | $270.4M | ||
| Q1 25 | $12.6B | $309.9M | ||
| Q4 24 | $12.9B | $314.5M | ||
| Q3 24 | $13.6B | $315.2M | ||
| Q2 24 | $13.9B | $315.8M | ||
| Q1 24 | $14.0B | $320.4M |
| Q4 25 | $19.6B | $703.7M | ||
| Q3 25 | $19.1B | $698.9M | ||
| Q2 25 | $20.5B | $687.0M | ||
| Q1 25 | $21.4B | $690.1M | ||
| Q4 24 | $20.3B | $680.1M | ||
| Q3 24 | $20.9B | $678.2M | ||
| Q2 24 | $21.7B | $678.6M | ||
| Q1 24 | $22.3B | $692.5M |
| Q4 25 | 0.57× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $186.0M | $4.4M |
| Free Cash FlowOCF − Capex | $-88.0M | $-5.9M |
| FCF MarginFCF / Revenue | -35.3% | -3.0% |
| Capex IntensityCapex / Revenue | 110.0% | 5.3% |
| Cash ConversionOCF / Net Profit | 6.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-219.0M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $186.0M | $4.4M | ||
| Q3 25 | $231.0M | $5.8M | ||
| Q2 25 | $232.0M | $-427.0K | ||
| Q1 25 | $90.0M | $-3.7M | ||
| Q4 24 | $283.0M | $9.1M | ||
| Q3 24 | $208.0M | $-3.6M | ||
| Q2 24 | $231.0M | $-9.1M | ||
| Q1 24 | $78.0M | $-11.7M |
| Q4 25 | $-88.0M | $-5.9M | ||
| Q3 25 | $-283.0M | $-1.7M | ||
| Q2 25 | $151.0M | $-7.4M | ||
| Q1 25 | $1.0M | $-9.2M | ||
| Q4 24 | $231.0M | $4.5M | ||
| Q3 24 | $152.0M | $-8.4M | ||
| Q2 24 | $162.0M | $-13.5M | ||
| Q1 24 | $14.0M | $-16.1M |
| Q4 25 | -35.3% | -3.0% | ||
| Q3 25 | -89.8% | -0.9% | ||
| Q2 25 | 44.2% | -4.5% | ||
| Q1 25 | 0.4% | -6.1% | ||
| Q4 24 | 78.6% | 3.1% | ||
| Q3 24 | 47.6% | -6.0% | ||
| Q2 24 | 45.0% | -10.2% | ||
| Q1 24 | 5.4% | -13.1% |
| Q4 25 | 110.0% | 5.3% | ||
| Q3 25 | 163.2% | 4.1% | ||
| Q2 25 | 23.7% | 4.3% | ||
| Q1 25 | 31.6% | 3.6% | ||
| Q4 24 | 17.7% | 3.1% | ||
| Q3 24 | 17.6% | 3.4% | ||
| Q2 24 | 19.2% | 3.3% | ||
| Q1 24 | 24.9% | 3.5% |
| Q4 25 | 6.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.94× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.73× | — | ||
| Q1 24 | 1.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
