PTC Inc.

PTC · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989
Valuation
Market cap	$24,320	$21,704	$16,836	$12,287	$14,120	$9,750	$8,037	$12,517	$6,634	$5,223	$3,741	$4,411	$3,438	$2,555	$1,808	$2,260	$1,589	$2,092	$1,968	$1,918	–	–	–	$468	$1,325	$3,194	$3,660	$2,727	$5,864	$6,567	$3,968	$1,912	$2,286	$1,233	$422	$155	$137
Enterprise value	$25,506	$23,368	$18,437	$13,555	$15,442	$10,667	$8,408	$12,874	$7,048	$5,678	$4,136	$4,730	$3,455	$2,435	$1,840	$2,019	$1,411	$1,924	$1,705	$1,735	–	–	–	$261	$1,094	$2,846	$3,319	$2,521	$5,962	$6,365	$3,823	$1,773	$2,218	$1,186	$406	$150	$135
P/E (TTM) at period end	33.13×	57.67×	68.57×	39.25×	29.61×	74.60×	–	240.77×	1063.28×	–	78.67×	27.54×	23.92×	–	21.17×	92.73×	50.40×	26.25×	13.70×	31.51×	–	–	–	–	–	–	30.68×	31.45×	26.75×	47.62×	51.27×	28.58×	53.28×	58.44×	40.96×	27.73×	85.54×
P/S (TTM) at period end	8.88×	9.44×	8.03×	6.36×	7.81×	6.69×	6.40×	10.08×	5.70×	4.58×	2.98×	3.25×	2.66×	2.03×	1.55×	2.24×	1.69×	1.95×	2.09×	2.24×	–	–	–	0.63×	1.42×	3.44×	3.46×	2.68×	7.25×	10.94×	10.06×	7.83×	14.02×	14.22×	9.44×	6.09×	12.44×
P/B at period end	6.36×	6.75×	6.29×	5.35×	6.93×	6.78×	6.69×	14.31×	7.49×	6.20×	4.35×	5.17×	3.71×	3.20×	2.20×	3.02×	2.09×	2.98×	3.31×	4.38×	–	–	–	1.61×	3.32×	6.04×	7.02×	8.33×	9.09×	12.82×	10.70×	7.90×	15.57×	15.67×	10.04×	5.39×	–
EV / EBITDA (TTM)	23.51×	33.57×	32.73×	25.33×	33.14×	36.57×	59.69×	80.45×	54.84×	114.61×	32.81×	17.27×	16.94×	12.51×	10.25×	14.74×	17.44×	10.38×	12.92×	16.42×	–	–	–	–	14.91×	30.90×	11.27×	7.33×	17.08×	25.12×	24.26×	16.51×	31.91×	36.16×	26.39×	18.33×	–
EV / Sales (TTM)	9.31×	10.17×	8.79×	7.01×	8.54×	7.31×	6.70×	10.37×	6.05×	4.98×	3.29×	3.49×	2.67×	1.94×	1.58×	2.00×	1.50×	1.80×	1.81×	2.03×	–	–	–	0.35×	1.17×	3.06×	3.14×	2.48×	7.37×	10.61×	9.70×	7.26×	13.60×	13.68×	9.09×	5.89×	12.23×
Returns
Return on equity	19.2%	11.7%	9.2%	13.6%	23.4%	9.1%	(2.3%)	5.9%	0.7%	(6.5%)	5.5%	18.8%	15.5%	(4.4%)	10.4%	3.3%	4.1%	11.3%	24.2%	13.9%	25.8%	14.4%	(50.4%)	(32.3%)	(2.1%)	(0.8%)	22.9%	26.5%	34.0%	26.9%	20.9%	27.6%	29.2%	26.8%	24.5%	19.4%	–
Return on invested capital	15.6%	9.7%	7.9%	9.9%	11.3%	8.6%	–	5.8%	–	(2.3%)	3.3%	14.4%	13.5%	–	11.2%	4.4%	3.3%	15.7%	28.0%	22.7%	65.8%	–	–	(70.6%)	(1.2%)	5.2%	54.3%	133.9%	28.6%	48.6%	39.8%	61.8%	52.8%	62.0%	35.2%	20.5%	–
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.12×	0.78×	0.76×	1.35×	1.38×	1.22×	1.23×	0.86×	0.98×	0.98×	1.14×	1.17×	1.29×	1.82×	1.27×	1.25×	1.11×	1.05×	1.38×	1.14×	1.23×	1.67×	1.40×	1.59×	1.38×	1.73×	1.54×	1.42×	1.69×	3.85×	4.87×	6.12×	5.72×	3.67×	6.32×	7.36×	3.09×
Debt / equity	0.31×	0.54×	0.63×	0.59×	0.71×	0.70×	0.56×	0.74×	0.80×	0.89×	0.78×	0.72×	0.28×	0.46×	0.24×	–	0.08×	0.13×	–	–	–	–	–	–	–	–	–	–	0.06×	–	–	–	–	–	0.00×	0.02×	(10.00×)
Effective tax rate	20.2%	19.8%	26.2%	21.2%	(21.7%)	3.0%	235.3%	(81.4%)	543.7%	18.9%	(79.3%)	13.9%	(13.9%)	129.3%	18.3%	70.3%	(83.6%)	33.0%	(44.1%)	19.3%	8.5%	6.0%	(19.2%)	(25.9%)	24.4%	21.5%	34.2%	48.2%	35.0%	36.2%	39.4%	37.4%	37.3%	36.6%	35.2%	34.9%	30.4%
Share count
Diluted shares outstanding	121	121	119	118	118	116	118	118	117	115	116	120	121	119	121	120	117	118	117	113	112	120	106	104	101	117	111	112	110	112	103	92	90	84	82	75	75

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989
Revenue and gross profit
Revenue	$2,954	$2,739	$2,298	$2,097	$1,933	$1,807	$1,458	$1,256	$1,242	$1,164	$1,141	$1,255	$1,357	$1,294	$1,256	$1,167	$1,010	$938	$1,070	$941	$855	$721	$660	$672	$742	$935	$928	$1,058	$1,018	$809	$600	$394	$244	$163	$87	$45	$26	$11
Cost of revenue	($458)	($445)	($445)	($441)	($386)	($371)	($334)	($325)	($326)	($329)	($326)	($335)	($374)	($373)	($372)	($261)	($277)	($280)	($301)	($291)	($270)	($208)	($182)	($218)	($217)	($253)	($205)	($168)	($127)	($54)	($40)	($27)	($14)	($7)	($3)	($2)	($11)	($5)
Gross profit	$2,496	$2,294	$1,854	$1,656	$1,547	$1,436	$1,124	$930	$915	$836	$815	$921	$983	$921	$884	$810	$702	$658	$770	$650	$585	$512	$478	$453	$525	$682	$724	$889	$891	$755	$560	$368	$231	$156	$84	$43	$14	$6
Operating expenses
Research and development	($474)	($458)	($433)	($394)	($339)	($300)	($257)	($247)	($250)	($236)	($229)	($228)	($226)	($222)	($215)	($211)	($202)	($189)	($182)	($162)	($147)	($118)	($108)	($128)	($136)	($149)	($144)	($124)	($93)	($53)	($40)	($26)	($15)	–	–	–	–	–
Selling, general and administrative	($286)	($226)	($232)	($234)	($205)	($206)	($160)	($128)	($143)	($145)	($146)	($159)	($132)	($132)	($117)	($110)	($93)	($81)	($88)	($372)	($352)	($307)	($284)	($368)	($401)	($456)	($488)	($471)	($454)	($352)	($268)	($184)	($108)	($86)	($51)	($27)	($6)	($4)
Total operating expenses	($1,379)	($1,312)	($1,266)	($1,198)	($1,100)	($1,055)	($913)	($867)	($843)	($794)	($852)	($879)	($787)	($793)	($755)	($693)	($628)	($639)	($644)	($558)	($514)	($427)	($440)	($533)	($603)	($685)	($710)	($657)	($577)	($428)	($324)	($219)	($128)	($90)	($53)	($28)	($7)	($4)
Total costs and expenses	($1,837)	($1,757)	($1,710)	($1,639)	($1,486)	($1,426)	($1,248)	($1,193)	($1,169)	($1,122)	($1,178)	($1,214)	($1,160)	($1,166)	($1,128)	($1,050)	($935)	($919)	($945)	($849)	($783)	($635)	($623)	($752)	($820)	($938)	($915)	($826)	($704)	($482)	($364)	($246)	($142)	($97)	($56)	($30)	($18)	($9)
Operating income	$1,117	$982	$588	$458	$447	$381	$211	$63	$73	$42	($37)	$42	$197	$127	$128	$117	$75	$19	$125	$93	$72	$86	$37	($80)	($78)	($3)	$13	$232	$314	$327	$237	$148	$102	$66	$31	$14	$8	$2
Earnings
EBITDA	$1,217	$1,085	$696	$563	$535	$466	$292	$141	$160	$129	$50	$126	$274	$204	$195	$180	$137	$81	$185	$132	$106	$112	$73	($38)	($6)	$73	$92	$294	$344	$349	$253	$158	$107	$70	$33	$15	$8	–
Interest income	–	$3	$4	$5	$2	$2	$4	$4	$4	$3	$3	$4	$3	$3	$3	$4	$3	$5	$10	$10	$5	$7	$3	$3	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($65)	($77)	($120)	($129)	($54)	($50)	($76)	($43)	($42)	($42)	($30)	($15)	($8)	($7)	($5)	($3)	($2)	($3)	($8)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,530	$920	$469	$333	$397	$392	$135	$20	$29	($1)	($67)	$27	$186	$126	$121	$105	$82	$17	$119	$100	$75	$91	$37	($82)	($74)	($11)	($5)	$181	$204	$337	$216	$128	$107	$68	$33	$16	$9	$2
Income tax expense	($306)	($186)	($93)	($87)	($84)	$85	($4)	($48)	$23	$8	$13	$21	($26)	$18	($156)	($19)	($58)	$14	($39)	$44	($15)	($8)	($2)	($16)	($19)	$3	$1	($62)	($98)	($118)	($78)	($50)	($40)	($26)	($12)	($6)	($3)	($1)
Net income	$1,224	$734	$376	$246	$313	$477	$131	($27)	$52	$6	($54)	$48	$160	$144	($35)	$85	$24	$32	$80	$144	$61	$84	$35	($98)	($94)	($8)	($4)	$119	$87	$219	$138	$77	$67	$43	$21	$10	$6	$2
Per share
Diluted EPS (GAAP)	$10.34	$6.08	$3.12	$2.06	$2.65	$4.03	$1.12	($0.23)	$0.44	$0.05	($0.48)	$0.41	$1.34	$1.19	($0.30)	$0.71	$0.20	$0.27	$0.68	$1.22	$0.54	$0.75	$0.29	($0.92)	($0.90)	($0.081)	($0.0341)	$1.08	$0.77	$2.00	$1.23	$0.75	$0.73	$0.48	$0.25	$0.13	$0.075	$0.0213
Basic EPS (GAAP)	$10.40	$6.12	$3.14	$2.07	$2.67	$4.08	$1.13	($0.23)	$0.45	$0.05	($0.48)	$0.41	$1.36	$1.20	($0.30)	$0.73	$0.21	$0.27	$0.70	$1.27	$0.55	$0.77	$0.29	($0.92)	($0.90)	($0.081)	($0.0341)	$1.10	$0.80	$2.06	$1.30	$0.75	$0.73	$0.48	$0.25	$0.13	$0.075	$0.0213
Basic shares outstanding	118	120	120	118	117	117	116	118	116	116	115	115	118	119	119	118	116	115	114	113	110	109	120	106	104	101	117	108	108	106	106	103	92	90	84	82	75	75
Margins
Gross margin	84.5%	83.8%	80.6%	79.0%	80.0%	79.5%	77.1%	74.1%	73.7%	71.8%	71.4%	73.3%	72.5%	71.2%	70.4%	69.4%	69.5%	70.2%	71.9%	69.1%	68.5%	71.1%	72.4%	67.5%	70.8%	73.0%	78.0%	84.1%	87.5%	93.3%	93.4%	93.2%	94.4%	95.6%	96.4%	95.7%	56.5%	57.3%
Operating margin	37.8%	35.9%	25.6%	21.9%	23.1%	21.1%	14.5%	5.0%	5.8%	3.6%	(3.2%)	3.3%	14.5%	9.8%	10.2%	10.0%	7.4%	2.1%	11.7%	9.9%	8.4%	11.9%	5.7%	(11.9%)	(10.6%)	(0.3%)	1.4%	21.9%	30.8%	40.4%	39.4%	37.6%	41.8%	40.6%	35.8%	32.2%	29.4%	20.0%
Net margin	41.4%	26.8%	16.4%	11.7%	16.2%	26.4%	9.0%	(2.2%)	4.2%	0.5%	(4.8%)	3.8%	11.8%	11.1%	(2.8%)	7.3%	2.4%	3.4%	7.4%	15.3%	7.1%	11.6%	5.3%	(14.6%)	(12.6%)	(0.9%)	(0.4%)	11.3%	8.5%	27.1%	23.0%	19.6%	27.4%	26.3%	24.3%	23.0%	22.0%	14.5%

Analyst consensus

Hold33 analysts

Bearish · 2 · Hold · 18 · Bullish · 13

Earnings history

	EPS	Estimate
Q4 2024	$1.54	$1.45	Beat
Q1 2025	$1.10	$0.89	Beat
Q2 2025	$1.79	$1.39	Beat
Q3 2025	$1.64	$1.21	Beat
Q4 2025	$3.47	$2.27	Beat
Q1 2026	$1.92	$1.59	Beat
Q2 2026	$2.69	$2.10	Beat
Q3 2026	$1.58	$1.57	Beat

Peers

Company overview

IPO dateDec 8, 1989

CEONeil Barua

Employees7,000

SectorTechnology

IndustrySoftware - Application

CountryUS

ExchangeNASDAQ Global Select

Websitewww.ptc.com

PTC Inc. operates as a global provider of software and services, with its market presence extending across the Americas, Europe, and the Asia Pacific regions. The company's business is organized into two primary divisions: Software Products and Professional Services. Among its key offerings is the ThingWorx platform, which furnishes enterprises with a suite of functionalities to drive digital innovation across their operations. These solutions are characterized by ease of creation and deployment, scalability for future demands, and their ability to accelerate value realization for customers. Another significant product, Vuforia, enables the visualization of digital information within real-world contexts and facilitates the development of augmented reality applications. PTC also delivers Onshape, a cloud-based product development platform that seamlessly integrates computer-aided design with robust data management, collaborative tools, and real-time analytical capabilities. For product lifecycle management (PLM), the company provides Arena, a solution designed to empower product teams to collaborate virtually from any location, and Windchill, another comprehensive PLM software. Furthermore, Creo stands as a leading 3D CAD technology, supporting the digital design, validation, and refinement of product models. Additional specialized software includes Integrity, an application lifecycle management solution, and Servigistics, focused on optimizing service parts management. Beyond its software portfolio, PTC offers an extensive array of professional services, encompassing consulting, implementation support, training programs, cloud solutions, and ongoing licensing and technical assistance. Established in 1985 and headquartered in Boston, Massachusetts, the company was originally named Parametric Technology Corporation before officially rebranding as PTC Inc. in January 2013.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.