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Not Investment Advice

PTC

NASDAQ · USD
PTC Inc.
Technology · Software - Application
CEO Neil Barua Employees 7,642 R&D / revenue 16.7%
Last price
$192.98−0.09%last session
Market cap
$21.0B
P/E (TTM)
18.6x
From 52w high
−6.7%
From 52w low
+77.9%
1-year return
−4.5%
RSI 14 · vs SMA200
78.8 · +32.2%
IS score
76.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

PTC   SPY   XLK (sector ETF) · weekly closes
6080100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116PTC 96

Score DNA

Each bar is a 0-100 score within the scored universe
92
Profitability
75
Growth
64
Value
82
Momentum
100
Risk (safety)
78
Quality
66
Balance sheet
53
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for PTC (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Intangible AssetsPiotroski 6 / 9Altman Z 4.5Beta 1.002 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $461,556
Form 144 notices (12m): 9, $16.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-07-07
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−14
108 new holders, 116 closed
683 filers hold 98.2% · 234 added, 284 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+13
918 funds adding shares
905 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
6.1%
20-day avg 32.5%, 50-day avg 42.3%
Latest 26.4 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$2.7B
Revenue growth YoY+19.2%
Gross margin83.8%
Operating income$982.4M
Operating margin35.9%
Net income$734.0M
Net margin26.8%
EPS (diluted)$6.08
Cash flow
Operating cash flow$867.7M
Capital expenditure$11.0M
Free cash flow$856.7M
FCF conversion (FCF / OCF)98.7%
Stock-based compensation$216.2M
FCF less SBC$640.5M
Buybacks$300.0M
Dividends$0
Balance sheet & returns
Cash & short-term investments$184.4M
Total debt$1.2B
Net debt$1.0B
Shareholders' equity$3.8B
Goodwill & intangibles$4.3B
Debt / equity0.46
ROE (TTM)32.6%
ROIC (TTM)17.1%
Operating margin by fiscal year
21.1%FY202123.1%FY202221.9%FY202325.6%FY202435.9%FY2025
Revenue $1.8B (FY2021) to $2.7B (FY2025), a 11.0% CAGR.

Valuation

P/E (TTM)18.6x
EV / EBITDA13.2x
Price / sales7.10x
Price / FCF22.4x
FCF yield4.46%
Buyback yield1.43%
SBC / revenue8.1%
Price / book6.38x
Forward P/E FY202721.6x
Forward P/E FY202819.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $195.86 across 14 analysts last quarter is theirs, not ours.

PTC vs industry median

831 companies in Software - Application
Gross margin 84.1% 59.6% Operating margin 37.8% -6.6% Net margin 41.4% -9.7% ROIC 17.1% 3.5%
PTC (TTM)Industry median Asset turnover 0.45 vs industry 0.57 · financial leverage 1.88

Earnings delivery

Next report 2026-11-04 · consensus EPS $1.97
100%
beat rate, 12 of 12 quarters
+19.7%
median EPS surprise
12
longest beat streak
+5+13+19+1+6+24+29+36+53+21+28+1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
PTC PTC Inc. $21.0B18.6x32.6%41.4%+19.2% −4.5%
SSNC SS&C Technologies Holdings, $19.7B23.5x12.7%13.8%+8.6% +6.0%
U Unity Software Inc. $17.8Bn/m-18.9%-4.3%+14.0% +16.3%
DT Dynatrace, Inc. $17.7B120.2x5.9%6.6%+17.9% +29.0%
FICO Fair Isaac Corporation $16.7B22.2x-29.7%35.2%+24.1% −52.4%
ZM Zoom Communications, Inc. $27.5B8.6x32.1%—+5.0% —
TYL Tyler Technologies, Inc. $14.8B47.3x9.7%14.5%+8.2% —
DOCU DocuSign, Inc. $14.0B44.7x17.8%8.9%+8.6% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-10-05Material Agreement; Regulation FD; Exhibits
2026-07-29Earnings Release; Exhibits
2026-03-16Regulation FD Disclosure; Financial Statements and Exhibits
2026-02-11Submission of Matters to a Vote of Security Holders
2026-02-04Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-12-04Departure/Election of Directors; Appointment of Officers; Regulation FD Disclosure; Financial Statements and Exhibits

Context

Shares outstanding108,632,228
Free float99.7%
Institutional ownership98.2%
Beta1.00
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$153.15 / $145.89
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where PTC sits among 137 scored companies in Software - Application (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasurePTCIndustry medianIndustry percentileSector median
P/E (TTM) 17.1x 30.6x
17th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 0.28 1.20
15th		 1.36
Price / sales 7.1x 4.5x
75th		 3.9x
Price / book 6.0x 4.7x
62nd		 4.4x
Price / tangible book —
Price / free cash flow 22.4x 17.2x
61st		 20.3x
Price / operating cash flow 21.9x 16.1x
63rd		 17.9x
Enterprise value $22.2B $3.8B
83rd		 $5.5B
EV / sales 7.5x 4.2x
79th		 4.1x
EV / EBITDA 13.2x 19.1x
29th		 18.9x
EV / EBIT 14.4x 27.7x
20th		 26.7x
EV / free cash flow 23.8x 18.6x
66th		 21.9x
Earnings yield 5.8% 1.4%
90th		 2.0%
FCF yield 4.5% 4.8%
49th		 3.3%
Operating cash flow yield 4.6% 5.1%
46th		 4.4%
Graham number (per share) $85.01 $20.79
91st		 $28.08

Profitability (TTM)

MeasurePTCIndustry medianIndustry percentileSector median
Gross margin 84.1% 71.1%
89th		 55.7%
EBITDA margin 56.9% 13.6%
94th		 13.7%
Operating margin 37.8% 7.3%
94th		 8.2%
EBIT margin 52.4% 7.1%
96th		 8.6%
Net margin 41.4% 4.7%
97th		 5.7%
NOPAT margin 30.2% 5.9%
92nd		 7.0%
FCF margin 31.7% 20.3%
83rd		 15.0%
Operating cash flow margin 32.3% 22.5%
81st		 18.4%
R&D / revenue 16.1% 18.2%
43rd		 12.9%
SG&A / revenue 28.6% 38.6%
22nd		 25.6%
Stock comp / revenue 8.1% 7.8%
52nd		 4.4%
Effective tax rate 20.0% 21.0%
27th		 21.0%

Returns on capital

MeasurePTCIndustry medianIndustry percentileSector median
ROE (on average equity) 35.1% 7.9%
86th		 9.4%
ROA 19.2% 3.0%
90th		 4.1%
ROIC 18.9% 6.6%
72nd		 9.0%
ROCE 29.9% 5.7%
90th		 8.6%
Return on tangible assets 24.3% 4.6%
93rd		 5.9%
Cash ROIC (OCF / invested capital) 20.2% 29.6%
35th		 20.7%
Gross profitability (GP / assets) 38.1% 37.6%
51st		 30.0%
ROIC, 3-yr average 11.1% 4.8%
66th		 7.4%
ROIC, 5-yr average 11.8% -1.1%
73rd		 7.9%
ROE, 5-yr average 18.9% -2.6%
87th		 6.9%
Incremental ROIC 316.2% 13.7%
91st		 15.3%

Growth

MeasurePTCIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 19.5% 15.1%
61st		 14.3%
Revenue growth (QoQ) -22.5% 4.6%
3rd		 6.6%
Revenue CAGR, 3 yr 12.8% 13.7%
46th		 9.6%
Revenue CAGR, 5 yr 11.5% 16.6%
24th		 11.5%
Gross profit CAGR, 3 yr 14.9% 14.9%
48th		 10.9%
Operating income CAGR, 3 yr 32.2% 20.6%
66th		 11.3%
Net income growth (TTM YoY) 138.7% 27.2%
76th		 21.6%
Net income CAGR, 3 yr 58.6% 20.3%
84th		 9.9%
EPS growth (TTM YoY) 150.1% 30.6%
77th		 22.3%
EPS CAGR, 3 yr 60.6% 20.2%
82nd		 11.2%
EPS CAGR, 5 yr 39.7% 15.4%
84th		 12.0%
FCF growth (TTM YoY) 10.6% 28.9%
24th		 24.6%
FCF CAGR, 3 yr 17.9% 31.3%
27th		 19.3%
Operating cash flow CAGR, 3 yr 16.8% 28.0%
29th		 17.9%
Book value CAGR, 3 yr 11.5% 4.5%
61st		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate 35.1% 15.5%
81st		 14.2%

Margin history & stability

MeasurePTCIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 82.0% 71.3%
83rd		 53.2%
Operating margin, 3-yr average 30.4% 4.7%
93rd		 6.6%
Net margin, 3-yr average 25.2% 5.1%
93rd		 5.2%
FCF margin, 3-yr average 32.3% 19.8%
86th		 12.7%
Revenue stability (0-1) 0.94 0.97
32nd		 0.87
Earnings stability (0-1) 0.52 0.56
43rd		 0.45
Margin stability (0-1) 0.97 0.97
59th		 0.95

Liquidity (latest quarter)

MeasurePTCIndustry medianIndustry percentileSector median
Cash & short-term investments $351.5M $434.8M
43rd		 $494.1M
Net cash (− = net debt) −$1.3B $57.2M
13th		 $49.8M
Working capital $33.8M $247.5M
26th		 $391.0M
Current ratio 1.03 1.74
23rd		 1.92
Quick ratio 1.03 1.72
25th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.26 1.13
14th		 0.95
Defensive interval (days) 314 days 370 days
42nd		 521 days

Leverage & solvency (latest quarter)

MeasurePTCIndustry medianIndustry percentileSector median
Total debt $1.6B $237.5M
78th		 $349.3M
Debt / equity 0.46 0.30
60th		 0.29
Net debt / equity 0.36 −0.22
81st		 −0.13
Debt / assets 24.7% 15.2%
65th		 16.9%
Debt / capital 31.7% 23.1%
60th		 22.3%
Debt / EBITDA 0.96 2.26
35th		 1.78
Net debt / EBITDA 0.75 −0.32
66th		 −0.18
Interest coverage (EBIT / interest) 31.2x 5.3x
83rd		 5.8x
Cash interest coverage 19.3x 15.8x
57th		 12.8x
Debt payback (years of OCF) 1.7 yrs 1.0 yrs
58th		 1.6 yrs
Liabilities / assets 46.7% 50.2%
43rd		 48.7%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 225
5th		 175

Efficiency

MeasurePTCIndustry medianIndustry percentileSector median
Asset turnover 0.46 0.59
38th		 0.62
Fixed asset turnover 15.64 12.05
63rd		 9.25
Inventory turnover —
Receivables turnover 3.8 6.5
17th		 6.2
Days sales outstanding 95 days 55 days
84th		 59 days
Days inventory outstanding —
Days payables outstanding 17 days 31 days
26th		 46 days
Cash conversion cycle (days) 78 days 22 days
92nd		 50 days
Capex / revenue 0.7% 1.3%
29th		 2.3%
Capex / depreciation 0.15 0.41
19th		 0.56
Operating expense ratio 54.0% 62.8%
36th		 44.3%

Cash flow & earnings quality

MeasurePTCIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.78 1.89
10th		 1.61
FCF / net income 0.76 1.70
15th		 1.33
FCF / operating cash flow 97.9% 94.0%
79th		 88.0%
Capex / operating cash flow 2.1% 6.0%
21st		 12.0%
Accruals ratio 4.2% -10.9%
94th		 -6.3%
Sloan accruals ratio 0.6% -4.7%
69th		 -1.8%
Earnings quality score (0-1) 0.50 0.75
5th		 0.75

Dividends & buybacks

MeasurePTCIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 0.0%
Dividends / FCF 0.0% 0.0%
0th		 0.0%
Dividend growth (YoY) —
Buyback yield 6.7% 2.7%
76th		 1.2%
Shareholder yield (dividends + buybacks) 6.7% 3.1%
74th		 1.7%
Share count change (YoY) -4.6% -1.9%
28th		 0.1%
Buybacks, last 5 years $3.3B $309.1M
88th		 $215.3M

Scores & forensic checks

MeasurePTCIndustry medianIndustry percentileSector median
IS score 76 56
90th		 56
IS profitability 92 37
97th		 40
IS growth 75 66
68th		 65
IS value 64 38
90th		 39
IS momentum 82 80
62nd		 78
IS risk (safety) 100 80
61st		 100
IS quality 78 63
71st		 67
IS balance sheet 66 69
46th		 72
IS earnings quality 53 52
52nd		 61
IS cash flow 72 72
49th		 66
Piotroski F-score (0-9) 6 6
38th		 6
Altman Z-score 4.5 3.0
65th		 4.0
Beneish M-score −2.13 −2.74
82nd		 −2.58
Ohlson O-score −8.87 −7.88
29th		 −8.00
IS credit score 94 62
93rd		 69

Per share

MeasurePTCIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $10.64 $0.32
93rd		 $0.84
Book value per share $30.18 $6.15
87th		 $9.77
Tangible book per share −$6.05 $1.97
12th		 $3.22
Revenue per share $25.69 $7.54
77th		 $13.00
FCF per share $8.14 $1.56
84th		 $1.78
Operating cash flow per share $8.31 $1.77
84th		 $2.40
Cash per share $3.06 $3.77
44th		 $4.50

Size (TTM)

MeasurePTCIndustry medianIndustry percentileSector median
Market cap $21.0B $3.9B
83rd		 $4.7B
Revenue $3.0B $872.9M
78th		 $1.2B
EBITDA $1.7B $101.2M
90th		 $185.8M
Net income $1.2B $34.8M
90th		 $84.9M
Free cash flow $935.5M $198.7M
82nd		 $170.6M
Total assets $6.5B $1.8B
78th		 $2.4B
Shareholders' equity $3.5B $907.0M
82nd		 $1.1B
Employees 7,000 1,988
79th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-15Lico James A
Director
 Option exercise 926——1,336
2026-10-15Lico James A
Director
 Option exercise 926——926
2026-10-05Lathan Corinna
Director
 Open-market sale 1,750$195.75$342,5626,679
2026-09-15Bernshteyn Robert
Director
 Option exercise 1,117——4,382
2026-09-15Bernshteyn Robert
Director
 Option exercise 1,117——0
2026-08-15Stevenson Jon
Chief Product Officer
 Option exercise 4,099——4,535
2026-08-15Stevenson Jon
Chief Product Officer
 Tax withholding 1,204$149.75$180,2993,331
2026-08-15Stevenson Jon
Chief Product Officer
 Option exercise 4,099——8,198
2026-08-15Barua Neil
Director, President and CEO
 Option exercise 11,471——98,024
2026-08-15Barua Neil
Director, President and CEO
 Tax withholding 5,547$149.75$830,66392,477
2026-08-15Barua Neil
Director, President and CEO
 Option exercise 11,471——0
2026-05-12Christenson Alice
Chief Accounting Officer
 Open-market sale 816$145.82$118,9931,265

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired11,186—
Open-market saleDisposed22,566$461,556
Option exerciseAcquired417,613—
Option exerciseDisposed417,613—
Tax withholdingDisposed37,121$1.1M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 9 notices · 98,835 shares · $16.5M
FiledFilerShares proposedEst. proceeds
2026-10-05Corinna Lathan1,750$252,052
2026-05-12Alice Christenson816$118,993
2026-03-16Corinna Lathan675$105,226
2026-02-11Von Staats Aaron C4,798$778,380
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 26 trades (4 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-17Gilbert CisnerosHouseSale$1,001 - $15,0002026-10-13
2026-09-17Gilbert CisnerosHouseSale (Partial)$1,001 - $15,0002026-10-12
2026-09-09Kevin HernHouseSale$50,001 - $100,0002026-09-28
2026-09-09Kevin HernHouseSale (Full)$50,001 - $100,0002026-09-25
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
T. Rowe Price Investment Management, Inc.13,047,842$1.5B12.01%
BlackRock, Inc.11,499,640$1.3B10.59%
VANGUARD CAPITAL MANAGEMENT LLC7,550,280$857.8M6.95%
STATE STREET CORP6,452,323$733.0M5.94%
VANGUARD PORTFOLIO MANAGEMENT LLC5,729,097$650.9M5.27%
GEODE CAPITAL MANAGEMENT, LLC3,754,033$426.7M3.46%
Jupiter Topco LLC3,684,121$418.6M3.39%
Pictet Asset Management Holding SA3,680,544$418.2M3.39%
NORGES BANK3,135,548$356.2M2.89%
Invesco Ltd.2,675,136$303.9M2.46%
CITADEL ADVISORS LLC2,274,229$258.4M2.09%
Standard Investments LLC1,812,500$205.9M1.67%
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.1,483,872$168.6M1.37%
MORGAN STANLEY1,412,325$160.5M1.30%
PRICE T ROWE ASSOCIATES INC /MD/1,168,473$132.8M1.08%

Institutional ownership by quarter

2023-092026-0698.2%
% of shares held by 13F filers
2023-092026-06683
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3068398.2%108234284116
2026-03-3169799.0%102275235111
2025-12-31721101.5%109261272106
2025-09-30732101.8%12826524054
2025-06-30666103.9%8227523878
2025-03-31670101.9%9825524091
2024-12-31674101.8%10924123642
2024-09-30618101.7%5923123253
2024-06-30618101.8%6125321856
2024-03-3162299.8%7423921459
2023-12-3161298.1%10121621943
2023-09-3056197.3%6723617447

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-14SCHEDULE 13G/AT. Rowe Price Investment Management, Inc.11.3%13,063,201
2026-08-07SCHEDULE 13GSTATE STREET CORPORATION5.6%6,458,451
2026-01-30SCHEDULE 13G/AThe Vanguard Group12.4%14,715,418
2025-11-14SCHEDULE 13G/AT. Rowe Price Investment Management, Inc.14.8%17,783,204
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$482.3M
VSMPX0.02%$482.3M
VTI0.02%$482.3M
VTSAX0.02%$482.3M
VFINX0.02%$399.5M
VFIAX0.02%$399.5M

Share structure

Shares outstanding108,632,228
Float108,298,174
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$1.8B$1.9B$2.1B$2.3B$2.7B
Cost of revenue$371.1M$386.0M$441.0M$444.8M$445.0M
Gross profit$1.4B$1.5B$1.7B$1.9B$2.3B
R&D$299.9M$338.8M$394.4M$433.0M$457.7M
SG&A$723.8M$690.0M$763.6M$791.3M$792.6M
Operating income$380.7M$447.4M$458.5M$588.1M$982.4M
EBITDA$564.8M$573.4M$599.1M$730.0M$1.1B
Pretax income$391.8M$397.1M$332.6M$469.0M$920.2M
Income tax−$85.2M$84.0M$87.0M$92.6M$186.2M
Net income$476.9M$313.1M$245.5M$376.3M$734.0M
EPS, diluted$4.03$2.65$2.06$3.12$6.08
Diluted shares118.4M118.2M119.3M120.7M120.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$326.5M$272.2M$288.1M$265.8M$184.4M
Receivables$541.1M$636.6M$811.4M$862.0M$1.0B
Inventory$0$0$0$0$0
Total current assets$1.1B$1.1B$1.3B$1.3B$1.4B
PP&E, net$252.6M$235.9M$231.4M$208.5M$175.8M
Goodwill & intangibles$2.6B$2.7B$4.3B$4.4B$4.3B
Total assets$4.5B$4.7B$6.3B$6.4B$6.6B
Accounts payable$33.4M$40.2M$43.5M$24.2M$11.5M
Total current liabilities$779.3M$792.3M$1.7B$1.7B$1.2B
Long-term debt$1.4B$1.4B$1.7B$1.2B$1.2B
Total liabilities$2.5B$2.4B$3.6B$3.2B$2.8B
Shareholders' equity$2.0B$2.3B$2.7B$3.2B$3.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$476.9M$313.1M$245.5M$376.3M$734.0M
Depreciation & amortization$122.5M$122.0M$137.2M$141.4M$135.4M
Stock-based compensation$177.3M$174.9M$206.5M$223.5M$216.2M
Change in working capital−$179.6M−$215.1M$9.1M$49.4M−$188.1M
Operating cash flow$368.8M$435.3M$610.9M$750.0M$867.7M
Capital expenditure−$25.3M−$25.9M−$24.6M−$18.4M−$11.0M
Free cash flow$343.5M$409.4M$586.2M$731.6M$856.7M
Investing cash flow−$687.9M−$201.2M−$866.1M−$124.8M−$17.5M
Net debt issued / repaid$431.6M−$91.3M$342.5M$45.8M−$553.0M
Buybacks−$30.0M−$125.0M$0$0−$300.0M
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin79.5%80.0%79.0%80.6%83.8%
Operating margin21.1%23.1%21.9%25.6%35.9%
Net margin26.4%16.2%11.7%16.4%26.8%
FCF margin19.0%21.2%28.0%31.8%31.3%
ROE27.4%14.4%9.9%12.8%20.9%
ROIC13.8%9.9%7.9%9.7%15.6%
ROA12.1%6.8%4.5%5.9%11.3%
Debt / equity0.810.670.710.600.36
Interest coverage8.8x8.3x3.6x4.9x12.9x
Current ratio1.381.350.760.781.12
Revenue growth+23.9%+7.0%+8.5%+9.6%+19.2%
EPS growth+258.8%−34.2%−22.5%+52.5%+95.1%
P/E at year end29.9x39.6x69.3x58.0x33.4x
EV / EBITDA at year end27.6x23.9x31.1x32.2x22.7x
FCF yield at year end2.41%3.31%3.44%3.35%3.50%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Support And Cloud Services$911.3M$987.6M$1.2B$1.4B$1.5B
License$738.1M$782.7M$747.0M$806.9M$1.2B
Technology Service$157.8M$163.1M$150.5M$132.2M$107.3M

Revenue by region · FY2025

Americas$1.3B · 48%
Europe$995.1M · 36%
Asia Pacific$416.9M · 15%

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $1.97 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$2.7B$2.7B – $2.8B$8.19$7.98 – $8.371123.6x
2027$2.9B$2.8B – $2.9B$8.92$8.52 – $9.281121.6x
2028$3.1B$3.1B – $3.2B$9.88$9.43 – $10.21519.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$1.57$1.58+0.6%$611.6M$600.0M−1.9%
2026-05-06$2.10$2.69+28.1%$712.4M$774.3M+8.7%
2026-02-04$1.59$1.92+20.8%$639.0M$685.8M+7.3%
2025-11-05$2.27$3.47+52.9%$750.9M$893.8M+19.0%
2025-07-30$1.21$1.64+35.5%$583.4M$643.9M+10.4%
2025-04-30$1.39$1.79+28.8%$606.7M$636.4M+4.9%
2025-02-05$0.89$1.10+23.7%$554.2M$565.1M+2.0%
2024-11-06$1.45$1.54+6.2%$620.7M$626.5M+0.9%
2024-07-31$0.97$0.98+1.3%$529.5M$518.6M−2.1%
2024-05-01$1.23$1.46+18.7%$577.5M$603.1M+4.4%
2024-01-31$0.98$1.11+13.3%$539.0M$550.2M+2.1%
2023-11-01$1.14$1.20+5.3%$558.0M$546.6M−2.0%
2023-07-26$1.01$0.99−2.0%$559.9M$542.3M−3.1%
2023-04-26$1.07$1.16+8.4%$539.1M$542.2M+0.6%
2023-02-01$1.01$0.99−2.0%$464.7M$465.9M+0.3%
2022-11-02$1.14$1.27+11.4%$497.1M$507.9M+2.2%
2022-07-27$1.07$0.97−9.3%$472.2M$462.5M−2.1%
2022-04-27$1.10$1.39+26.4%$481.5M$505.2M+4.9%
2022-01-26$1.00$0.95−5.0%$464.2M$457.7M−1.4%
2021-11-03$0.66$1.10+66.7%$337.6M$480.7M+42.4%
2021-07-28$0.64$0.83+29.7%$429.6M$435.7M+1.4%
2021-04-28$0.70$1.08+54.3%$416.2M$461.8M+11.0%
2021-01-27$0.67$0.97+44.8%$375.4M$429.1M+14.3%
2020-10-28$0.56$0.78+39.3%$356.1M$391.0M+9.8%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.306-220.306-290.207-060.207-130.307-200.607-270.308-030.208-100.208-170.308-240.308-31
Week ofNotionalSharesTrades
2026-08-31$324.4M2,181,72957,074
2026-08-24$278.6M1,809,51141,952
2026-08-17$208.2M1,376,37443,118
2026-08-10$241.6M1,606,92844,708
2026-08-03$342.6M2,383,04760,287
2026-07-27$566.6M4,261,52671,872

Short-sale share of off-exchange volume

daily 20-day average
07-2310-156.1%
DateShort shareShort volumeTotal volume
2026-10-156.1%144,0012,365,735
2026-10-149.3%138,3751,483,196
2026-10-138.9%96,2181,076,932
2026-10-1218.2%341,7191,882,407
2026-10-098.2%155,4321,905,924
2026-10-085.7%192,4943,377,866
2026-10-0710.3%386,0743,731,410
2026-10-0619.2%686,0323,564,708
2026-10-0523.5%3,641,40715,476,730
2026-10-0259.9%196,170327,291
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.7Jan-0.7Feb+1.0Mar+1.2Apr+1.9May+1.2Jun+2.6Jul-0.4Aug-0.9Sep+4.3Oct+2.0Nov+1.6Dec
MonthAvg returnUp yearsYears
Jan+2.7%55%20
Feb−0.7%50%20
Mar+1.0%57%21
Apr+1.2%50%20
May+1.9%70%20
Jun+1.2%55%20
Jul+2.6%60%20
Aug−0.4%60%20
Sep−0.9%45%20
Oct+4.3%65%20
Nov+2.0%55%20
Dec+1.6%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1478.8
MFI70.3
ADX43.7
Stochastic %K / %D95.5 / 96.1
Williams %R-5.0
CCI66
TSI / signal52.6 / 34.8
Chaikin money flow-0.35
ATR$4.82
Bollinger width64.5%
Volume vs 20-day avg0.73x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$166.72 (+15.8%)
SMA 50$154.06 (+25.3%)
SMA 200$145.97 (+32.2%)
EMA 21$172.95 (+11.6%)
EMA 50$157.32 (+22.7%)
EMA 200$151.18 (+27.6%)
Bollinger upper$220.50 (−12.5%)
Bollinger lower$112.94 (+70.9%)
Parabolic SAR$166.13 (+16.2%)
Open the live chart, 110+ indicators

About PTC Inc.

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.

https://www.ptc.com

Key executives

NameTitlePayBorn
Neil BaruaPresident, Chief Executive Officer & Director$2.6M1978
Jennifer DiRicoExecutive Vice President & Chief Financial Officer$1.4M1985
Robert DahdahExecutive VP & Chief Revenue Officer$1.2M1968
Aaron C. Von StaatsExecutive VP, Chief Legal Officer, General Counsel & Corporate Secretary$916,0101966
Catherine A. KnikerEVice President, Chief Marketing & Sustainability Officer$875,7251967
Beth ConwayExecutive Vice President & Chief People Officer——
Brian ThompsonDivision Vice President & GM of CAD——
Catherine GoreckiSenior Vice President of Corporate & Securities Counsel and Assistant Secretary——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Neil Barua President and Chief Executive Officer2025$800,000$21.7M$1.6M$24.3M
Robert Dahdah EVP, Chief Revenue Officer2025$452,308$13.0M$756,000$14.2M
Kristian Talvitie EVP, Chief Financial Officer2025$575,000$6.5M$776,250$7.9M
Aaron von Staats EVP, Chief Legal Officer2025$450,000$4.9M$455,625$5.8M
Catherine Kniker EVP, Chief Marketing and Sustainability Officer2025$430,000$4.5M$435,375$5.4M

Employees

6k20186k20196k20207k20217k20227k20238k20248k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Narrow · Intangible Assets · 2026-06-30
Cost advantage71
Intangibles81
Switching costs46
Network effect72
Efficient scale43
Our component scores (0-100) and overall 63.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms