Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 27, 2026
STRATASYS LTD. (SSYS)
A forensic read on STRATASYS LTD. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-1.4
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-13.4%
ROE
$704M
Market cap
STRATASYS LTD. earns a F (Poor — capital at risk) forensic quality grade, and its Altman Z-score is -1.4, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-7%Return on invested capital.Return on invested capital is -7% and slipping from -5% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
+11081833300.0%/yrShare-count dilution.Diluted share count changed +33245499900% over the last 3 years to FY2022 (+11081833300.0%/yr). The count is GROWING — existing holders are being diluted. That's ~11081833300.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2019 has been diluted ~33245499900%.
106d DSOReceivables vs revenue.Days sales outstanding moved from 98 to 106 days FY2024→FY2025 (receivables +5% vs revenue -4%). Receivables are creeping up relative to sales — watch the trend.
$386MGoodwill impairments.Took $386M of goodwill writedowns across 1 year(s) (FY2020 ($386M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-18.9%
Debt / Equity0.03x
Free Cash Flow$-7.0M
Latest Revenue$551.1M
Return on Equity-12.4%
Revenue Growth YoY-3.7%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on STRATASYS LTD.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SSYS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown