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Screener / SEC EDGAR /CIK 0000857005 /10-K filed Nov 21, 2025, compared with Nov 14, 2024 /Numbers from the XBRL of the 10-Ks
Technology peers:
LITEPTCFICOFFIVMPWRTYL
Nasdaq Technology · Software

PTC Inc. PTC

PTC quote by TradingView

PTC is a global software company headquartered in Boston, Massachusetts. 10-K, Item 1

Employees
7,642
Headquarters
Boston, MA
CEO
Neil Barua
Next results
around Feb 3, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $2.7B through the costs to a net profit of $734.0M · income statement of the 10-K

36% operating margin
Revenue to Gross profit: $2.3BRevenue to Cost of revenue: $445.0MGross profit to Operating profit: $982.4MGross profit to Operating expenses: $1.3BOperating profit to Net profit: $734.0MOperating profit to Tax & other: $248.4MOperating expenses to R&D: $457.7MOperating expenses to Sales, admin & other: $854.2M Revenue: $2.7B REVENUE $2.7B +19% Y/Y Gross profit: $2.3B · 84% margin GROSS PROFIT $2.3B 84% margin · +24% Y/Y Cost of revenue: $445.0M · 16% of revenue COST OF REVENUE $445.0M 16% of revenue Operating profit: $982.4M · 36% margin OPERATING PROFIT $982.4M 36% margin · +67% Y/Y Operating expenses: $1.3B · 48% of revenue OPERATING EXPENSES $1.3B 48% of revenue Net profit: $734.0M · 27% margin NET PROFIT $734.0M 27% margin · +95% Y/Y Tax & other: $248.4M · 9% of revenue TAX & OTHER $248.4M 9% of revenue R&D: $457.7M · 17% of revenue R&D $457.7M 17% of revenue Sales, admin & other: $854.2M · 31% of revenue SALES, ADMIN & OTHER $854.2M 31% of revenue
Gross profit $2.3B 84% margin · +24% Y/Y
Operating profit $982.4M 36% margin · +67% Y/Y
Net profit $734.0M 27% margin · +95% Y/Y
The full income statement, year by year

PTC among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 19.2%, above 68% of 74 peers (their median 14.0%) REVENUE GROWTH 19.2% · above 68% Gross margin: 84.5%, above 93% of 67 peers (their median 56.4%) GROSS MARGIN 84.5% · above 93% Operating margin: 37.8%, above 81% of 70 peers (their median 22.2%) OPERATING MARGIN 37.8% · above 81% Net margin: 41.4%, above 91% of 74 peers (their median 18.9%) NET MARGIN 41.4% · above 91% FCF margin: 31.7%, above 74% of 70 peers (their median 22.3%) FCF MARGIN 31.7% · above 74% Return on capital: 16.1%, above 64% of 61 peers (their median 12.6%) RETURN ON CAPITAL 16.1% · above 64%
PTC Peer median Below the median

What changed

11 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Nov 21, 2025 against Nov 14, 2024.

Risk factors
11 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: F-2 (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls ”). Same as last year: Revenue Recognition - Identification of Distinct Performance Obligations
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: F-2 (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls ”). Same as last year: Revenue Recognition - Identification of Distinct Performance Obligations
  • Receivables +16.1% vs revenue +19.2% (-3.0 pts)
8 more checks with nothing to note
  • Cash from operations $867.7M vs net income $734.0M (FY ending Sep 30, 2025)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

11 paragraphs in Risk Factors that were not in the 10-K filed Nov 14, 2024. Quoted as filed.

All 11 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Nov 14, 2024 10-K, ITEM 1A
    We are subject to increasing, evolving, and conflicting expectations and scrutiny with respect to our sustainability disclosures and initiatives. Failure to meet stakeholder expectations or actual or perceived inconsistencies or inaccuracies in our sustainability disclosures could result in reputational harm, regulatory investigations,…
  2. Item 1A · new paragraph · not in the 10-K filed Nov 14, 2024 10-K, ITEM 1A
    Many of our products and services incorporate or depend on open source software components, which are governed by various open source licenses. Some of these licenses may require, as a condition of use, modification, or distribution, that we make available the source code of our proprietary software or derivative works. While we…
  3. Item 1A · new paragraph · not in the 10-K filed Nov 14, 2024 10-K, ITEM 1A
    Further, if investors or analysts do not like or understand the divestiture or if they believe we did not receive a fair price for the business or assets, they may sell their shares or alter their view of our prospects, which could cause our share price to decline.

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$1.9B$2.1B$2.3B$2.7B
Net income$313.1M$245.5M$376.3M$734.0M
Operating cash flow$435.3M$610.9M$750.0M$867.7M
Free cash flow$415.8M$587.0M$735.6M$856.7M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.7B ▲ 19.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

PTC Inc., Boston, MA · from the 10-K filed Nov 21, 2025

PTC is a global software company headquartered in Boston, Massachusetts. We employ over 7,000 people and support more than 30,000 customers globally. Our customers are focused on improving their competitiveness in the face of global competition and increasing product complexity, and our suite of software offerings is a strategic enabler of this and their digital transformation initiatives.

Headquarters
Boston, MA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
September 30
Last results
Nov 4, 2026
Incorporated in
MA

Employees, at the top of the page: "As of September 30, 2025, PTC had 7,642 full-time employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Nov 21, 2025 (open at SEC), compared with the 10-K filed Nov 14, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/PTC/export.csv") into a cell.