PTC (PTC)
Information Technology · $14.6B market cap · SEC CIK 0000857005
$140.00
▲+3.49% on the day
close of Sep 22, 2026
73
Screens strongly
fundamentals score out of 100
fundamentals score out of 100
Next reports on Nov 4, 2026, after the close, with analysts expecting $1.98 in earnings per share.
The case for PTC
- Cheap on earnings at 11.9×, well under the market's usual 20×.
- Earns 33% back on shareholder equity.
- Generated $857M of free cash flow in FY2025, 31% of revenue.
- 41% of revenue drops through to net profit.
- Revenue growing 19.5% year over year.
- Earnings per share up 142.5%.
The case against
- Down 34.3% over the past year.
- Long-term debt of $1.2B against $210M of cash.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 77 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 78 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 88 |
| Momentumhow the price has behaved lately | 42 |
| Stabilityhow violently it moves, what it owes and what it pays you | 75 |
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
Key numbers
| Price / earnings | 11.9× |
|---|---|
| Price / book | 3.78× |
| Price / sales | 4.9× |
| Revenue growth (YoY) | +19.5% |
| EPS growth (YoY) | +142.5% |
| Gross margin | 85% |
| Operating margin | 38% |
| Net margin | 41% |
| Return on equity | 33% |
| Debt / equity | 0.41× |
| Current ratio | 1.03 |
| Dividend yield | none |
| Beta | 1.00 |
| 52-week range | $108.50 – $208.00 |
| Position in that range | 32% of the way up |
| 3-month return | +17.9% |
| 1-year return | -34.3% |
Five years of financials, as filed
Pulled from PTC's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.3B | $2.1B | $1.9B | $1.8B |
| Gross profit | $2.3B | $1.9B | $1.7B | $1.5B | $1.4B |
| Operating income | $982M | $588M | $458M | $447M | $381M |
| Net income | $734M | $376M | $246M | $313M | $477M |
| Operating cash flow | $868M | $750M | $611M | $435M | $369M |
| Capital expenditure | $11.0M | $14.4M | $23.8M | $19.5M | $24.7M |
| Total assets | $6.4B | $6.1B | $6.3B | $4.8B | $4.4B |
| Total liabilities | $2.6B | $2.8B | $3.5B | $2.4B | $2.5B |
| Shareholder equity | $3.8B | $3.2B | $2.8B | $2.4B | $2.0B |
| Cash | $210M | $196M | $265M | $388M | $296M |
| Long-term debt | $1.2B | $1.0B | $2.2B | $1.4B | $1.4B |
| Free cash flow | $857M | $736M | $587M | $416M | $344M |
| Gross margin | 83.8% | 80.6% | 79.0% | 80.0% | 79.5% |
| Operating margin | 35.9% | 25.6% | 21.9% | 23.1% | 21.1% |
| Net margin | 26.8% | 16.4% | 11.7% | 16.2% | 26.4% |
| Diluted shares | 121M | 121M | 119M | 118M | 118M |
Share count is essentially flat over 4 years.
Risk factors PTC lists in its 10-K
- Talent Development & Employee Engagement
- Additional Information About Our Employee Initiatives
- I. Risks Related to Our Business Operations and Industry
- We face significant competition, which could adversely affect our business, financial condition, operating results, and prospects if we are unable to successfully compete
- If we fail to successfully develop competitive SaaS solutions and to transform our operations to support the sale of SaaS solutions, our business and prospects could be adversely affected
- Because our sales and operations are globally dispersed, we face additional compliance risks, and any compliance failure could adversely affect our business and prospects
- II. Risks Related to Our Intellectual Property
- We may be unable to adequately protect our proprietary rights, which could adversely affect our competitive position, business and prospects
- III. Risks Related to Acquisitions and Divestitures
- Businesses we acquire may not generate the sales and earnings we anticipate and may otherwise adversely affect our business and prospects
- or assets may not achieve the intended strategic or financial benefits and may otherwise adversely affect our business and prospects
- We may incur significant debt or issue a material amount of debt or equity securities to finance an acquisition, which could adversely affect our operating flexibility, business and prospects
- IV. Risks Related to Our Indebtedness
- Our substantial indebtedness could adversely affect our business, financial condition, results of operations, and prospects, as well as our ability to meet our payment obligations under our debt