PTC Inc. (PTC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.56	$1.58	+1.3%	—	—	—
Q4 26	$2.1	$2.69	+28.1%	—	—	—
Q3 26	$1.56	$1.92	+23.1%	—	—	—
Q2 26	$2.91	$2.98	+2.4%	—	—	—
Q1 26	$1.21	$1.64	+35.5%	—	—	—
Q4 25	$1.4	$1.79	+27.9%	—	—	—
Q3 25	$0.89	$1.1	+23.6%	—	—	—
Q2 25	$1.46	$1.54	+5.5%	—	—	—
Q1 25	$0.96	$0.98	+2.1%	—	—	—
Q4 24	$1.22	$1.46	+19.7%	—	—	—
Q3 24	$0.97	$1.11	+14.4%	—	—	—
Q2 24	$1.14	$1.2	+5.3%	—	—	—
Q1 24	$1	$0.99	-1.0%	—	—	—
Q4 23	$1.14	$1.16	+1.8%	—	—	—
Q3 23	$1.03	$0.99	-3.9%	—	—	—
Q2 23	$1.15	$1.27	+10.4%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.18	—	—	$2.7B	—
FY24	—	$3.14	—	—	$2.3B	—
FY23	—	$2.07	—	—	$2.1B	—
FY22	—	$2.67	—	—	$1.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.2B	$1.2B	$1.3B	$1.5B	$1.8B	$1.9B	$2.1B	$2.3B	$2.7B
YoY change	-9.14%	+2.06%	+6.68%	+1.11%	+16.1%	+23.9%	+6.98%	+8.47%	+9.6%	+19.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.2B	1.2B	1.3B	1.5B	1.8B	1.9B	2.1B	2.3B	2.7B
Cost of revenue	325.7M	328.5M	326.5M	325.4M	334.3M	371.1M	386M	441M	444.8M	445M
Gross profit	814.9M	835.5M	915.3M	930.3M	1.1B	1.4B	1.5B	1.7B	1.9B	2.3B
Gross margin	71.4%	71.8%	73.7%	74.1%	77.1%	79.5%	80%	79%	80.6%	83.8%
Research & development	229.3M	236M	249.8M	246.9M	256.6M	299.9M	338.8M	394.4M	433M	457.7M
Selling, general & administrative	513.1M	517.7M	557.8M	545.4M	595.3M	723.8M	690M	763.6M	791.3M	792.6M
Operating expenses	742.4M	753.7M	807.6M	792.3M	851.9M	1B	1B	1.2B	1.2B	1.3B
Operating income	39.3M	49.7M	76.4M	114.2M	243.6M	383M	483.6M	458M	587.3M	998M
Operating margin	3.44%	4.27%	6.15%	9.09%	16.7%	21.2%	25%	21.8%	25.6%	36.4%
Non-operating income, net	-80M	-11.9M	-6M	-50.8M	-32.4M	59.3M	-32.2M	-1.4M	-3M	-4.2M
Pretax income	-67.2M	-1.4M	28.7M	20.3M	134.7M	391.8M	397.1M	332.6M	469M	920.2M
Income tax	-12.7M	-7.6M	-23.3M	47.8M	4M	-85.2M	84M	87M	92.6M	186.2M
Net income	-54.5M	6.2M	52M	-27.5M	130.7M	476.9M	313.1M	245.5M	376.3M	734M
Net margin	-4.78%	0.54%	4.19%	-2.19%	8.96%	26.4%	16.2%	11.7%	16.4%	26.8%
EBITDA	127.4M	141.4M	161.5M	192.3M	363.3M	567M	609.6M	598.7M	729.2M	1.1B
EPS	-0.48	0.05	0.45	-0.23	1.13	4.08	2.67	2.07	3.14	6.18
Diluted EPS	-0.48	0.05	0.44	-0.23	1.12	4.03	2.65	2.06	3.12	6.14

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	546.6M	550.2M	603.1M	518.6M	626.5M	565.1M	636.4M	643.9M	893.8M	685.8M	774.3M	600M
Cost of revenue	115.9M	110M	110.1M	111.9M	112.8M	111.8M	106.3M	110M	116.9M	117.7M	113.6M	109.6M
Gross profit	430.8M	440.2M	493M	406.7M	513.7M	453.3M	530.1M	533.9M	776.9M	568.1M	660.7M	490.5M
Gross margin	78.8%	80%	81.8%	78.4%	82%	80.2%	83.3%	82.9%	86.9%	82.8%	85.3%	81.7%
Research & development	102M	105.8M	107M	110.3M	110M	115.5M	111M	116.6M	114.5M	120M	124.1M	115.7M
Selling, general & administrative	197M	206.1M	196M	190M	199.2M	210.9M	180M	195.9M	205.8M	214.9M	228.7M	196.3M
Operating expenses	299M	311.9M	303M	300.2M	309.2M	326.4M	291M	312.5M	320.3M	334.9M	352.9M	312M
Operating income	121M	117.9M	179.5M	95.8M	194M	115.5M	227.7M	209.8M	445M	221.1M	295.8M	166.5M
Operating margin	22.1%	21.4%	29.8%	18.5%	31%	20.4%	35.8%	32.6%	49.8%	32.2%	38.2%	27.7%
Non-operating income, net	-2.2M	3M	-2.2M	-663K	-3.1M	-1.2M	-3.6M	2.3M	-3.4M	-896K	465.1M	-400K
Pretax income	88.5M	85.6M	145.7M	67.4M	170.2M	93.2M	205.2M	193.7M	428.1M	203M	746.8M	152.4M
Income tax	42.9M	19.2M	31.3M	-1.6M	43.7M	10.9M	42.6M	52.3M	80.3M	36.5M	156.1M	33.7M
Net income	45.6M	66.4M	114.4M	69M	126.5M	82.2M	162.6M	141.3M	347.8M	166.5M	590.7M	118.8M
Net margin	8.34%	12.1%	19%	13.3%	20.2%	14.6%	25.6%	21.9%	38.9%	24.3%	76.3%	19.8%
EBITDA	159.7M	155.1M	212M	130M	232.2M	149M	262.7M	245.9M	490.6M	254.4M	795.7M	200.4M
EPS	0.38	0.56	0.96	0.58	1.05	0.68	1.35	1.18	2.96	1.4	5	1.04
Diluted EPS	0.38	0.55	0.95	0.57	1.04	0.68	1.35	1.17	2.94	1.39	4.98	1.03

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.1B	6.6B	12.4B	8B	9.6B	14B	12.3B	16.8B	21.6B	24.4B	15.2B
Enterprise value	5.5B	7B	12.7B	8.4B	10.5B	15.3B	13.5B	18.4B	23.3B	25.5B	16.2B
Shares outstanding	114.6M	117.4M	116.4M	117.7M	115.7M	116.8M	117.2M	118.3M	119.7M	120M	120M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	1.1K	237.7	—	73.2	29.3	39.2	68.3	57.5	33.2	13.6
P/S	4.45	5.67	9.95	6.39	6.56	7.74	6.34	8	9.41	8.89	5.13
P/B	6.03	7.46	14.1	6.68	6.65	6.87	5.34	6.26	6.73	6.37	4.46
EV/EBITDA	43.4	49.6	78.7	43.7	28.9	27	22.2	30.7	31.9	22.3	12.7
EV/Sales	4.85	6.03	10.2	6.69	7.19	8.48	7	8.76	10.1	9.33	5.5
Earnings yield	—	0.09%	0.42%	—	1.37%	3.41%	2.55%	1.46%	1.74%	3.01%	7.37%
FCF yield	3.09%	1.66%	1.69%	2.75%	2.12%	2.45%	3.34%	3.5%	3.38%	3.52%	6.8%
PEG	—	—	—	—	—	—	—	—	—	—	-1.14

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	71.4%	71.8%	73.7%	74.1%	77.1%	79.5%	80%	79%	80.6%	83.8%	81.7%
Operating margin	3.44%	4.27%	6.15%	9.09%	16.7%	21.2%	25%	21.8%	25.6%	36.4%	28.2%
Net margin	-4.78%	0.54%	4.19%	-2.19%	8.96%	26.4%	16.2%	11.7%	16.4%	26.8%	41.4%
ROE	-6.46%	0.7%	5.94%	-2.28%	9.09%	23.4%	13.6%	9.17%	11.7%	19.2%	35.1%
ROA	-2.32%	0.26%	2.23%	-1.03%	3.86%	10.6%	6.68%	3.9%	5.9%	11.1%	11.5%
ROIC	3.03%	3.83%	6.2%	0%	10%	11.4%	10.7%	7.9%	9.66%	15.9%	19.1%
Return on tangible assets	8.86%	-1.2%	-11.9%	18.1%	-38%	-75.2%	-39.9%	-10.6%	-16.1%	-36.4%	-67.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.98	0.98	0.86	1.23	1.22	1.38	1.35	0.76	0.78	1.12	1.02
Quick ratio	0.98	0.98	0.86	1.23	1.22	1.38	1.35	0.76	0.78	1.12	1.03
Debt / equity	0.89	0.8	0.74	0.56	0.85	0.81	0.67	0.71	0.6	0.36	0.46
Debt / assets	0.32	0.3	0.28	0.25	0.36	0.37	0.33	0.3	0.3	0.21	0.25
Net debt / EBITDA	3.57	2.93	2.21	1.93	2.52	2.33	2.08	2.67	2.28	1.03	0.72
Interest coverage	-1.25	0.97	1.69	1.47	2.76	8.76	8.32	3.57	4.92	12.9	24.4
Effective tax rate	0%	0%	0%	100%	2.98%	0%	21.2%	26.2%	19.8%	20.2%	20%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.95	9.92	10.7	10.7	12.6	15.5	16.5	17.7	19.2	22.8	25
EPS (basic)	-0.48	0.05	0.45	-0.23	1.13	4.08	2.67	2.07	3.14	6.18	6.18
EPS (diluted)	-0.48	0.05	0.44	-0.23	1.12	4.03	2.65	2.06	3.12	6.14	10.3
Book value per share	7.35	7.54	7.51	10.2	12.4	17.4	19.6	22.6	26.9	31.9	31.3
FCF per share	1.37	0.94	1.79	1.88	1.75	2.94	3.49	4.95	6.11	7.14	8.14
Cash per share	2.59	2.54	2.46	2.53	2.62	2.79	2.32	2.43	2.22	1.54	3.24
Capex per share	0.23	0.22	0.31	0.55	0.17	0.21	0.17	0.2	0.12	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.3%	2.19%	2.9%	5.13%	1.38%	1.37%	1.01%	1.14%	0.63%	—	—
Capex / operating cash flow	14.8%	18.7%	15.2%	22.6%	8.64%	5.83%	4.35%	3.93%	2.13%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$546.6M	$550.2M	$603.1M	$518.6M	$626.5M	$565.1M	$636.4M	$643.9M	$893.8M	$685.8M	$774.3M	$600M
YoY change	+7.62%	+18.1%	+11.2%	-4.37%	+14.6%	+2.71%	+5.52%	+24.2%	+42.7%	+21.4%	+21.7%	-6.82%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	296.6M	298.4M	285.8M	297.5M	303.6M	326.5M	272.2M	288.1M	265.8M	184.4M
Receivables	161.4M	152.3M	129.3M	372.7M	415.2M	541.1M	636.6M	811.4M	862M	1B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	642.6M	666.6M	633.8M	782.6M	833.4M	1.1B	1.1B	1.3B	1.3B	1.4B
Property, plant & equipment	67.1M	63.6M	80.6M	105.5M	251.4M	252.6M	235.9M	231.4M	208.5M	175.8M
Goodwill & intangibles	3B	2.9B	2.8B	2.8B	3.7B	5.1B	5.5B	8.6B	8.7B	8.6B
Total assets	2.3B	2.4B	2.3B	2.7B	3.4B	4.5B	4.7B	6.3B	6.4B	6.6B
Accounts payable	18M	35.2M	53.5M	42.4M	24.9M	33.4M	40.2M	43.5M	24.2M	11.5M
Short-term debt	—	—	—	—	34.6M	27.9M	22M	34.1M	545.7M	49.2M
Total current liabilities	654.5M	678.9M	735.3M	638.2M	680.8M	779.3M	792.3M	1.7B	1.7B	1.2B
Long-term debt	751.6M	712.4M	643.3M	669.1M	1.2B	1.6B	1.5B	1.9B	1.4B	1.3B
Total liabilities	1.5B	1.5B	1.5B	1.5B	1.9B	2.5B	2.4B	3.6B	3.2B	2.8B
Shareholders' equity	842.7M	885.4M	874.6M	1.2B	1.4B	2B	2.3B	2.7B	3.2B	3.8B
Total debt	751.6M	712.4M	643.3M	669.1M	1.2B	1.6B	1.5B	1.9B	1.9B	1.4B
Net debt	473.7M	432.4M	383.3M	399.6M	944.9M	1.3B	1.3B	1.6B	1.7B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	—	—	—	—	—	—	—	—	184.4M	209.7M	439.1M	351.5M
Receivables	—	—	—	—	—	—	—	—	1B	804.3M	852.6M	824.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	1.4B	1.4B	1.5B	1.4B
Property, plant & equipment	—	—	—	—	—	—	—	—	175.8M	182.6M	180M	188.9M
Goodwill & intangibles	—	—	—	—	—	—	—	—	8.6B	8.4B	8.4B	8.3B
Total assets	—	—	—	—	—	—	—	—	6.6B	6.4B	6.5B	6.5B
Accounts payable	—	—	—	—	—	—	—	—	11.5M	20.3M	14.5M	34.9M
Short-term debt	—	—	—	—	—	—	—	—	49.2M	48.2M	47.8M	49.1M
Total current liabilities	—	—	—	—	—	—	—	—	1.2B	1.1B	1.2B	1.3B
Long-term debt	—	—	—	—	—	—	—	—	1.3B	1.3B	1.3B	1.6B
Total liabilities	—	—	—	—	—	—	—	—	2.8B	2.6B	2.7B	3B
Shareholders' equity	—	—	—	—	—	—	—	—	3.8B	3.8B	3.9B	3.5B
Total debt	—	—	—	—	—	—	—	—	1.4B	1.4B	1.4B	1.6B
Net debt	—	—	—	—	—	—	—	—	1.2B	1.2B	941.9M	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-54.5M	6.2M	52M	-27.5M	130.7M	476.9M	313.1M	245.5M	376.3M	734M
Depreciation & amortization	86.6M	86.7M	87.4M	77.8M	119.5M	122.5M	122M	137.2M	141.4M	135.4M
Stock-based compensation	66M	76.7M	82.9M	86.4M	115.1M	177.3M	174.9M	206.5M	223.5M	216.2M
Change in working capital	121.6M	-7.7M	71.1M	150.8M	-103.7M	-193.6M	-199.8M	4.5M	-24M	-298.5M
Operating cash flow	176.5M	136M	237.4M	285.1M	233.8M	423.7M	448.6M	606.2M	676.6M	867.7M
Capital expenditure	-26.2M	-25.4M	-36M	-64.4M	-20.2M	-24.7M	-19.5M	-23.8M	-14.4M	—
Investing cash flow	-237.2M	-16.1M	-46.2M	-150M	-514.9M	-687.3M	-194.8M	-865.3M	-120.8M	-27.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-51M	-1.1B	-115M	0	-30M	-125M	0	0	-300M
Financing cash flow	141.6M	-158.1M	-280.8M	-98M	142.3M	802.3M	-264.1M	268.3M	-650.7M	-908.5M
Net change in cash	81M	-38.2M	-89.6M	37.2M	-138.8M	538.6M	-10.2M	9.2M	-95M	-68.1M
Free cash flow	157.1M	109.8M	208.7M	220.7M	202.6M	343.5M	409.4M	586.2M	731.6M	856.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	45.6M	66.4M	114.4M	69M	126.5M	82.2M	162.6M	141.3M	347.8M	166.5M	590.7M	118.8M
Depreciation & amortization	35.5M	34.9M	34.7M	34.8M	37M	33.8M	33.7M	33.8M	34.2M	34.1M	33.6M	32.2M
Stock-based compensation	58.9M	59M	54.2M	48M	62.2M	55.9M	51.5M	54M	54.8M	57.9M	68.6M	59.4M
Change in working capital	-120.5M	14.6M	41.1M	82.8M	-162.5M	81.1M	11.5M	-366K	-390.7M	22.5M	-25.5M	44M
Operating cash flow	18.5M	173.9M	246.1M	233.7M	61.9M	252M	262.2M	243.9M	104M	269.7M	320.9M	260.6M
Capital expenditure	-5.8M	-4.6M	-3.6M	-1.6M	-4.5M	-2.8M	-2.8M	—	—	—	—	—
Investing cash flow	823K	-98M	-3.6M	585K	-21.4M	-2.8M	-2.8M	-6.5M	0	—	—	-53.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	—	—	—	-75M	-75M	-75M	-75M	-200M	-626.1M	-500M
Financing cash flow	-449.2M	-293.4M	-275.1M	-216.5M	-59.9M	-579.4M	-240.1M	-250.5M	-107M	-244.1M	-635.9M	-289.6M
Net change in cash	-429.9M	-217.5M	-32.6M	17.7M	-19.3M	-330.3M	19.3M	-13.1M	-2.9M	25.7M	-315M	-82.6M
Free cash flow	43.2M	182.8M	247.1M	212.2M	89.6M	235.7M	278.5M	242M	100.5M	267.4M	318.2M	249.3M

PTC Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement