MTLS vs SAP
Materialise NV and SAP SE, side by side — 10 fiscal years reported in EUR, drawn from SEC filings.
Most recent reported year
| Metric | MTLS | SAP |
|---|---|---|
| Revenue | €266.8M | €36.8B |
| Net income | €13.4M | €7.2B |
| Gross margin | 56.5% | 72.9% |
| Net margin | 5.0% | 19.9% |
| Return on equity | 5.5% | 15.9% |
| Diluted EPS | €0.23 | €6.10 |
| Dividend / share | · | €2.35 |
| Payout ratio | · | 38.3% |
| Free cash flow | €6.8M | · |
| Equity | €248.6M | €44.6B |
| Net debt / equity | −0.25× | −0.05× |
| Current ratio | 1.86× | 1.16× |
| Revenue CAGR 5y | 6.3% | 6.1% |
| Profit CAGR 5y | 53.3% | 6.8% |
SAP bills 137.9× the revenue of MTLS, and keeps more of each dollar of revenue as profit (19.9% against 5.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MTLS | SAP |
|---|---|---|
| FY2024 | €266.8M | €34.2B |
| FY2023 | €256.1M | €31.2B |
| FY2022 | €232.0M | €29.5B |
| FY2021 | €205.4M | €27.0B |
| FY2020 | €170.4M | €27.3B |
| FY2019 | €196.7M | €27.6B |
| FY2018 | €184.7M | €24.7B |
| FY2017 | €142.6M | €23.5B |
| FY2016 | €114.5M | €22.1B |
| FY2015 | €102.0M | €20.8B |
Bottom line
| Fiscal year | MTLS | SAP |
|---|---|---|
| FY2024 | €13.4M | €3.1B |
| FY2023 | €6.7M | €6.1B |
| FY2022 | €-2.1M | €2.3B |
| FY2021 | €13.2M | €5.3B |
| FY2020 | €-7.0M | €5.1B |
| FY2019 | €1.6M | €3.3B |
| FY2018 | €3.0M | €4.1B |
| FY2017 | €-2.1M | €4.0B |
| FY2016 | €-3.0M | €3.6B |
| FY2015 | €-2.8M | €3.1B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −€33,909,235,000 | SAP |
| FY2023 | −€30,950,873,000 | SAP |
| FY2022 | −€29,287,977,000 | SAP |
| FY2021 | −€26,747,550,000 | SAP |
| FY2020 | −€27,167,551,000 | SAP |
| FY2019 | −€27,356,321,000 | SAP |
| FY2018 | −€24,523,279,000 | SAP |
| FY2017 | −€23,318,427,000 | SAP |
| FY2016 | −€21,947,523,000 | SAP |
| FY2015 | −€20,690,965,000 | SAP |
SAP has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −4.2 pp | SAP |
| FY2023 | −16.5 pp | SAP |
| FY2022 | −6.7 pp | SAP |
| FY2021 | −13.5 pp | SAP |
| FY2020 | −23.5 pp | SAP |
| FY2019 | −11.4 pp | SAP |
| FY2018 | −14.9 pp | SAP |
| FY2017 | −18.7 pp | SAP |
| FY2016 | −19.1 pp | SAP |
| FY2015 | −17.5 pp | SAP |
SAP has kept the higher net margin in every one of these 10 fiscal years.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SAP's net margin has been more volatile than MTLS's over the 10 comparable fiscal years — 4.4 percentage points of standard deviation against 3.3.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
SAP led in net margin in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MTLS's return on equity has been more volatile than SAP's over the 10 comparable fiscal years — 4.0 percentage points of standard deviation against 3.6.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
SAP led in return on equity in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.