tickdelta
tickdelta
Sign in

Tickdelta is free for now. Sign up and get Pro free

← Screener

PTCPTC Inc.

Technology · Software · Nasdaq

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

PTC quote by TradingView
Employees
7,642
Headquarters
Boston, MA
CEO
Neil Barua
Next results
around Feb 3, 2027
Compare with peers → Embed
All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)10.31Sales (ttm)3.0BNet income (ttm)1.2BSales growth+19.2%EPS growth+94.9%Sales Q/Q-6.8%
Free cash flow935.5MGross margin84.5%Oper. margin37.8%Net margin41.4%FCF margin31.7%ROE35.3%
ROA18.8%R&D / sales16.7%Dividend-Debt/Eq0.40Curr. ratio1.03Cash351.5M
Op. cash flow (ttm)955.3MEBITDA1.1BEBITDA margin39.6%Net debt1.0BQuick ratio1.03Interest cover12.76
ROIC16.1%Tax rate20.2%Stock pay / sales7.9%Shares out.108.5MShares Y/Y0.0%Book / share31.98
Cash / share3.24Sales / share27.22Asset turnover0.45Days sales out.133Sales 3Y CAGR+12.3%Sales 5Y CAGR+13.4%
EPS 3Y CAGR+31.9%EPS 5Y CAGR+40.3%Employees7,642Sales / employee387K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Revenue growth sped up to +19.2%+9.6% → +19.2% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
  • Operating margin widened to 35.9%25.6% → 35.9% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

PTC against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
PTCPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+19.2%25th of 75 · median +14.1%
Net margin
41.4%8th of 75 · median 19.1%
Return on equity
35.3%22nd of 69 · median 23.9%
Free cash flow margin
31.7%19th of 71 · median 22.3%
Debt / equity (less is better)
0.4026th of 61 · median 0.46
PTC and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
PTC PTC Inc.$3.0B +19.2%84.5%41.4%35.3%31.7%0.40
LITE Lumentum$3.7B +83.2%45.9%-175.8%-143.9%9.5%0.60
MPWR Monolithic Power Systems$3.7B +26.4%55.3%23.9%23.9%16.3%-
FFIV F5, Inc.$3.3B +9.7%81.9%22.0%18.8%29.3%-
FICO Fair Isaac$2.5B +27.3%86.1%32.9%-42.2%-
TYL Tyler Technologies$2.5B +9.1%47.7%13.5%12.0%29.9%0.51

From $1.8B of sales to $476.9M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $1.4BRevenue to Cost of revenue: $371.1MGross profit to Operating profit: $380.7MGross profit to Operating expenses: $1.1BOperating profit to Net profit: $380.7MOther income to Net profit: $96.2MOperating expenses to R&D: $299.9MOperating expenses to Sales, admin & other: $755.4M Revenue: $1.8B Revenue$1.8B +24% Y/Y Gross profit: $1.4B · 79% margin Gross profit$1.4B79% margin +28% Y/Y Cost of revenue: $371.1M · 21% of revenue Cost of revenue$371.1M21% of revenue Operating profit: $380.7M · 21% margin Operating profit$380.7M21% margin +81% Y/Y Other income: $96.2M · 5% of revenue Other income$96.2M5% of revenue Operating expenses: $1.1B · 58% of revenue Operating expenses$1.1B58% of revenue Net profit: $476.9M · 26% margin Net profit$476.9M26% margin +265% Y/Y R&D: $299.9M · 17% of revenue R&D$299.9M17% of revenue Sales, admin & other: $755.4M · 42% of revenue Sales, admin & other$755.4M42% of revenue

Swipe sideways for the whole flow →

From $1.9B of sales to $313.1M of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $1.5BRevenue to Cost of revenue: $386.0MGross profit to Operating profit: $447.4MGross profit to Operating expenses: $1.1BOperating profit to Net profit: $313.1MOperating profit to Tax & other: $134.3MOperating expenses to R&D: $338.8MOperating expenses to Sales, admin & other: $761.2M Revenue: $1.9B Revenue$1.9B +7% Y/Y Gross profit: $1.5B · 80% margin Gross profit$1.5B80% margin +8% Y/Y Cost of revenue: $386.0M · 20% of revenue Cost of revenue$386.0M20% of revenue Operating profit: $447.4M · 23% margin Operating profit$447.4M23% margin +17% Y/Y Operating expenses: $1.1B · 57% of revenue Operating expenses$1.1B57% of revenue Net profit: $313.1M · 16% margin Net profit$313.1M16% margin −34% Y/Y Tax & other: $134.3M · 7% of revenue Tax & other$134.3M7% of revenue R&D: $338.8M · 18% of revenue R&D$338.8M18% of revenue Sales, admin & other: $761.2M · 39% of revenue Sales, admin & other$761.2M39% of revenue

Swipe sideways for the whole flow →

From $2.1B of sales to $245.5M of profit

FY2023, from the 10-K income statement
Revenue to Gross profit: $1.7BRevenue to Cost of revenue: $441.0MGross profit to Operating profit: $458.5MGross profit to Operating expenses: $1.2BOperating profit to Net profit: $245.5MOperating profit to Tax & other: $212.9MOperating expenses to R&D: $394.4MOperating expenses to Sales, admin & other: $803.2M Revenue: $2.1B Revenue$2.1B +8% Y/Y Gross profit: $1.7B · 79% margin Gross profit$1.7B79% margin +7% Y/Y Cost of revenue: $441.0M · 21% of revenue Cost of revenue$441.0M21% of revenue Operating profit: $458.5M · 22% margin Operating profit$458.5M22% margin +2% Y/Y Operating expenses: $1.2B · 57% of revenue Operating expenses$1.2B57% of revenue Net profit: $245.5M · 12% margin Net profit$245.5M12% margin −22% Y/Y Tax & other: $212.9M · 10% of revenue Tax & other$212.9M10% of revenue R&D: $394.4M · 19% of revenue R&D$394.4M19% of revenue Sales, admin & other: $803.2M · 38% of revenue Sales, admin & other$803.2M38% of revenue

Swipe sideways for the whole flow →

From $2.3B of sales to $376.3M of profit

FY2024, from the 10-K income statement
Revenue to Gross profit: $1.9BRevenue to Cost of revenue: $444.8MGross profit to Operating profit: $588.1MGross profit to Operating expenses: $1.3BOperating profit to Net profit: $376.3MOperating profit to Tax & other: $211.7MOperating expenses to R&D: $433.0MOperating expenses to Sales, admin & other: $832.5M Revenue: $2.3B Revenue$2.3B +10% Y/Y Gross profit: $1.9B · 81% margin Gross profit$1.9B81% margin +12% Y/Y Cost of revenue: $444.8M · 19% of revenue Cost of revenue$444.8M19% of revenue Operating profit: $588.1M · 26% margin Operating profit$588.1M26% margin +28% Y/Y Operating expenses: $1.3B · 55% of revenue Operating expenses$1.3B55% of revenue Net profit: $376.3M · 16% margin Net profit$376.3M16% margin +53% Y/Y Tax & other: $211.7M · 9% of revenue Tax & other$211.7M9% of revenue R&D: $433.0M · 19% of revenue R&D$433.0M19% of revenue Sales, admin & other: $832.5M · 36% of revenue Sales, admin & other$832.5M36% of revenue

Swipe sideways for the whole flow →

From $2.7B of sales to $734.0M of profit

FY2025, from the 10-K income statement
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$2.3B84% margin +24% Y/Y Cost of revenue: $445.0M · 16% of revenue Cost of revenue$445.0M16% of revenue Operating profit: $982.4M · 36% margin Operating profit$982.4M36% margin +67% Y/Y Operating expenses: $1.3B · 48% of revenue Operating expenses$1.3B48% of revenue Net profit: $734.0M · 27% margin Net profit$734.0M27% margin +95% Y/Y Tax & other: $248.4M · 9% of revenue Tax & other$248.4M9% of revenue R&D: $457.7M · 17% of revenue R&D$457.7M17% of revenue Sales, admin & other: $854.2M · 31% of revenue Sales, admin & other$854.2M31% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • Sales, admin & other
  • Net profit
  • R&D
  • Tax & other

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 4
  • ✓
    Net margin above the peer median41.4% vs 19.1%
  • ✓
    Gross margin up over 5 years77.1% → 83.8%
  • ✓
    Return on equity above 15%35.3%
  • !
    A profit in 8 of 10 years
Net margin, FY2016 to FY2025: -4.8% → 26.8%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 12.8× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.40 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.03
  • ✓
    Net debt under 3 years of free cash flow$1.0B net debt, 1.1 years
Debt / equity at each year end, FY2016 to FY2025: 0.74 → 0.31
What the debt is made of ↓

Cash and shareholders

2 of 3
  • ✓
    Free cash flow positive in every one of 10 years$856.7M last year
  • !
    Share count up over 5 years+3.9%
  • ✓
    Cash from operations above net income$867.7M vs $734.0M
Free cash flow, FY2016 to FY2025: 157.1M → 856.7M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Jun 30, 2026
Debt: $1.4B Debt$1.4B Long-term debt: $1.4B · 98% Long-term debt$1.4B · 98% Due within a year: $25.1M · 2% Due within a year$25.1M · 2%

The debt note's own lines, 2020-02-13

Line, as the company names itKindRateFixed or floatingAmount
3.625% Senior Notes Due 2025Notes and bonds3.62%not stated$500.0M
4.000% Senior Notes Due 2028Notes and bonds4.00%not stated$500.0M

From the debt note in the 10-K's XBRL (0001193125-25-291326), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 2.7B Net income 734.0M
FY2016 revenue 1.1B · SalesRevenueNet, 0000857005-18-000025 FY2016 net income -54.5M · NetIncomeLoss, 0000857005-18-000025 1.1B FY2016 FY2017 revenue 1.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000857005-19-000040 FY2017 net income 6.2M · NetIncomeLoss, 0000857005-19-000040 1.2B FY2017 FY2018 revenue 1.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-20-054803 FY2018 net income 52.0M · NetIncomeLoss, 0001564590-20-054803 1.2B FY2018 FY2019 revenue 1.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-21-057806 FY2019 net income -27.5M · NetIncomeLoss, 0001564590-21-057806 1.3B FY2019 FY2020 revenue 1.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950170-22-025211 FY2020 net income 130.7M · NetIncomeLoss, 0000950170-22-025211 1.5B FY2020 FY2021 revenue 1.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950123-23-011049 FY2021 net income 476.9M · NetIncomeLoss, 0000950123-23-011049 1.8B FY2021 FY2022 revenue 1.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950170-24-127231 FY2022 net income 313.1M · NetIncomeLoss, 0000950170-24-127231 1.9B FY2022 FY2023 revenue 2.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-25-291326 FY2023 net income 245.5M · NetIncomeLoss, 0001193125-25-291326 2.1B FY2023 FY2024 revenue 2.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-25-291326 FY2024 net income 376.3M · NetIncomeLoss, 0001193125-25-291326 2.3B FY2024 FY2025 revenue 2.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-25-291326 FY2025 net income 734.0M · NetIncomeLoss, 0001193125-25-291326 2.7B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

PTC's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue2.7B
FY2016: 1.1BFY2017: 1.2BFY2018: 1.2BFY2019: 1.3BFY2020: 1.5BFY2021: 1.8BFY2022: 1.9BFY2023: 2.1BFY2024: 2.3BFY2025: 2.7B FY2017FY2019FY2021FY2023FY2025
Net income734.0M
FY2016: -54.5MFY2017: 6.2MFY2018: 52.0MFY2019: -27.5MFY2020: 130.7MFY2021: 476.9MFY2022: 313.1MFY2023: 245.5MFY2024: 376.3MFY2025: 734.0M FY2017FY2019FY2021FY2023FY2025
Free cash flow856.7M
FY2016: 157.1MFY2017: 109.8MFY2018: 211.7MFY2019: 220.7MFY2020: 213.6MFY2021: 344.1MFY2022: 415.8MFY2023: 587.0MFY2024: 735.6MFY2025: 856.7M FY2017FY2019FY2021FY2023FY2025
EPS (diluted)6.08
FY2016: -0.48FY2017: 0.05FY2018: 0.44FY2019: -0.23FY2020: 1.12FY2021: 4.03FY2022: 2.65FY2023: 2.06FY2024: 3.12FY2025: 6.08 FY2017FY2019FY2021FY2023FY2025
Diluted shares120.8M
FY2016: 114.6MFY2017: 117.4MFY2018: 118.2MFY2019: 117.7MFY2020: 116.3MFY2021: 118.4MFY2022: 118.2MFY2023: 119.3MFY2024: 120.7MFY2025: 120.8M FY2017FY2019FY2021FY2023FY2025

Revenue by product or service

year to Sep 30, 2025
RevenueSharevs year before
Recurring revenue 2.6B94.9% +21.9%
Product lifecycle management (PLM) 1.7B63.6% +19.3%
Computer-aided design (CAD) 997.9M36.4% +18.9%
Perpetual license 31.4M1.1% -2.6%

10-K 0001193125-25-291326, segment and revenue notes (XBRL).

Revenue by region

year to Sep 30, 2025
RevenueSharevs year before
Americas 1.3B48.5% +22.0%
United States 1.3B47.0% +21.8%
Europe 995.1M36.3% +15.8%
Asia Pacific 416.9M15.2% +18.7%
Germany 368.8M13.5% +11.6%

10-K 0001193125-25-291326, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue1.1B1.2B1.2B1.3B1.5B1.8B1.9B2.1B2.3B2.7B
Cost of revenue325.7M329.0M326.2M325.4M334.3M371.1M386.0M441.0M444.8M445.0M
Gross profit814.9M835.5M915.3M930.3M1.1B1.4B1.5B1.7B1.9B2.3B
R&D229.3M236.0M249.8M246.9M256.6M299.9M338.8M394.4M433.0M457.7M
SG&A145.6M145.0M143.0M127.9M159.8M206.0M204.7M233.5M232.4M226.1M
Operating income-37.0M41.8M72.6M63.0M210.9M380.7M447.4M458.5M588.1M982.4M
Interest expense29.9M42.4M41.7M43.0M76.4M50.5M54.3M129.4M119.7M77.0M
Pretax income-67.2M-1.4M28.7M20.3M134.7M391.8M397.1M332.6M469.0M920.2M
Income tax-12.7M-7.6M-23.3M47.8M4.0M-85.2M84.0M87.0M92.6M186.2M
Net income-54.5M6.2M52.0M-27.5M130.7M476.9M313.1M245.5M376.3M734.0M
EPS (diluted)-0.480.050.44-0.231.124.032.652.063.126.08
Diluted shares114.6M117.4M118.2M117.7M116.3M118.4M118.2M119.3M120.7M120.8M
Depreciation & amortization86.6M86.7M87.4M77.8M80.8M85.2M87.7M104.8M108.1M102.5M
EBITDA49.5M128.5M160.0M140.9M291.7M466.0M535.1M563.2M696.2M1.1B
Gross margin71.4%71.8%73.7%74.1%77.1%79.5%80.0%79.0%80.6%83.8%
Operating margin-3.2%3.6%5.8%5.0%14.5%21.1%23.1%21.9%25.6%35.9%
Net margin-4.8%0.5%4.2%-2.2%9.0%26.4%16.2%11.7%16.4%26.8%
Revenue growth-+2.1%+6.7%+1.1%+16.1%+23.9%+7.0%+8.5%+9.6%+19.2%
EPS growth--+780%-152%-+260%-34.2%-22.3%+51.5%+94.9%

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash277.9M280.0M259.9M269.6M275.5M326.5M272.2M288.1M265.8M184.4M
Receivables161.4M152.3M129.3M372.7M415.2M541.1M636.6M811.4M862.0M1.0B
Current assets642.6M666.6M633.8M782.6M833.4M1.1B1.1B1.3B1.3B1.4B
Property & equipment67.1M63.6M80.6M105.5M101.5M100.2M98.1M88.4M75.2M60.8M
Goodwill1.2B1.2B1.2B1.2B1.6B2.2B2.4B3.4B3.5B3.5B
Total assets2.3B2.4B2.3B2.7B3.4B4.5B4.7B6.3B6.4B6.6B
Accounts payable18.0M35.2M53.5M42.4M24.9M33.4M40.2M43.5M24.2M11.5M
Current liabilities654.5M678.9M735.3M638.2M680.8M779.3M792.3M1.7B1.7B1.2B
Total debt--643.3M669.1M1.0B1.4B1.4B1.7B1.2B1.2B
Total liabilities1.5B1.5B1.5B1.5B1.9B2.5B2.4B3.6B3.2B2.8B
Shareholders' equity842.7M885.4M874.6M1.2B1.4B2.0B2.3B2.7B3.2B3.8B
Retained earnings-657.1M-650.8M-599.4M-191.4M-62.3M414.7M727.7M973.3M1.3B2.1B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow183.3M135.2M247.8M285.1M233.8M368.8M435.3M610.9M750.0M867.7M
Capital spending26.2M25.4M36.0M64.4M20.2M24.7M19.5M23.8M14.4M11.0M
Free cash flow157.1M109.8M211.7M220.7M213.6M344.1M415.8M587.0M735.6M856.7M
Stock-based pay (added back)66.0M76.7M82.9M86.4M115.1M177.3M174.9M206.5M223.5M216.2M
Buybacks051.0M1.1B115.0M030.0M125.0M00300.0M
Acquisitions165.8M5.0M3.0M86.7M483.5M718.0M282.9M828.3M93.5M6.5M
Debt raised--001.0B00---
Debt repaid--00500.0M0000500.0M
Investing cash flow-237.2M-16.1M-49.2M-150.0M-526.0M-687.9M-201.2M-866.1M-124.8M-38.3M
Financing cash flow51.6M-118.1M-210.8M-123.0M297.4M370.3M-264.1M268.3M-650.7M-908.5M

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)66.0M76.7M82.9M86.4M115.1M177.3M174.9M206.5M223.5M216.2M
Stock-based pay / revenue5.8%6.6%6.7%6.9%7.9%9.8%9.0%9.8%9.7%7.9%
Operating lease cost----38.7M37.3M34.3M32.4M33.3M32.9M
Operating lease cash paid----38.6M50.3M38.7M36.0M35.5M36.3M
Finance lease principal paid---00354K297K536K82K-
Right-of-use assets---0149.9M152.3M137.8M143.0M133.3M115.0M
Operating lease liabilities---0215.0M208.8M189.6M193.2M181.8M172.4M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on PTC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PTC/export.csv") into a cell.