FirmAtlas
Company handbook · PTC · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
PTC · CIK 857005 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
PTC Inc.
$192.98
−0.17 (−0.09%)
Close, Oct 16, 2026 · 52-week $108–207
Last fiscal year
PTC Inc. reported revenue of $2.7B for the year ended Sep 30, 2025 (FY25), up 19.2% from FY24. Net income was $734M, operating cash flow $868M and free cash flow $857M. Source: 10-K filed Nov 21, 2025.
Market cap
$23.1B
P/E
18.9
EV/EBITDA
22.2x
P/B
6.7
ROIC
16.4%
Revenue 1Y
19.2%/yr
EPS 1Y
94.9%/yr
Shares 1Y
−0.5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEONeil Barua
HQBoston, MA
AuditorPricewaterhouseCoopers LLP
Year endsSeptember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
15.6%
9.3%
10.1%
−4.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$425M deployed
Capex
$25M
6.0%
Acquisitions
$100M
23.5%
Buybacks
$300M
70.5%
Operating cash flow over the period: $1.6B. Total debt changed by −$551M. R&D of $891M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Sep 30, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
2,298
2,739+19.2%
2,954
YoY
+19.2%
Gross profit
1,854
2,294+23.8%
2,496
Gross margin
80.6%
83.8%+3.1 pp
—
Operating income
588
982+67.1%
1,117
Operating margin
25.6%
35.9%+10.3 pp
—
EBITDA
696
1,085+55.8%
—
EBITDA margin
30.3%
39.6%+9.3 pp
—
Interest expense
120
77−35.6%
—
Interest coverage
5.82x
14.09x+8.27x
—
Net income
376
734+95.0%
1,224
YoY
+95.0%
Net margin
16.4%
26.8%+10.4 pp
—
EPS (diluted, $)
3.12
6.08+94.9%
10.31
YoY
+94.9%
Balance sheet
Total assets
6,384
6,617+3.7%
6,514
Cash & short-term investments
266
185−30.6%
—
Accounts receivable
862
1,001+16.1%
—
Net PP&E
75
61−19.1%
—
Other assets
5,180
5,370+3.7%
—
Total liabilities
3,169
2,791−11.9%
3,044
Accounts payable
24
12−52.5%
—
Total debt
1,749
1,197−31.5%
1,423
Other liabilities
1,396
1,582+13.3%
—
Shareholders’ equity
3,214
3,826+19.0%
3,470
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
750
868+15.7%
955
Net income
376
734+95.0%
—
Depreciation & amortization
108
103−5.2%
—
Stock-based compensation
223
216−3.2%
—
Working capital & other
42
(185)−539.8%
—
Cash from investing
(125)
(38)n/m
—
Capex
(14)
(11)n/m
—
Acquisitions
(93)
(7)n/m
—
Other investing
(17)
(21)n/m
—
Cash from financing
(651)
(909)n/m
—
Debt repaid
0
(500)n/m
—
Buybacks
0
(300)n/m
—
Shares issued
26
26+1.5%
—
Other financing
(676)
(135)n/m
—
Net change in cash
(22)
(81)n/m
—
Free cash flow (OCF − capex)
736
857+16.5%
935
Where the cash went
Operating cash flow
750
868+15.7%
955
Reinvested in the business
108
18−83.7%
—
% of operating cash flow
14.4%
2.0%
Capex
14
11−23.4%
20
Acquisitions
93
7−93.0%
—
R&D (memo, already in costs)
433
458+5.7%
—
Free cash flow
736
857+16.5%
935
YoY
+16.5%
Returned to shareholders
0
300n/m
—
% of free cash flow
0.0%
35.0%
Buybacks
0
300n/m
—
Change in total debt
—
(551)
—
Cash left over
—
(1.0)
—
FCF conversion (FCF ÷ net income)
195.5%
116.7%−78.8 pp
—
Owner earnings
—
674
—
Owner earnings margin
—
24.6%
—
Returns & ratios
ROIC (all capital)
10.0%
16.4%+6.4 pp
—
ROIC (operating)
51.7%
79.8%+28.1 pp
—
Net debt / EBITDA
2.13x
0.93x−1.20x
—
Debt / equity
0.54x
0.31x−0.23x
—
ROE
11.7%
19.2%+7.5 pp
—
ROA
5.9%
11.1%+5.2 pp
—
ROCE
12.5%
18.3%+5.8 pp
—
NOPAT
472
784+66.1%
—
Invested capital (operating)
913
1,050+15.1%
—
Invested capital (all)
4,697
4,839+3.0%
—
Reinvestment rate
—
17.5%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
894
686
774
600
vs year-ago quarter
Gross profit
777
568
661
490
Gross margin
86.9%
82.8%
85.3%
81.7%
Operating income
434
221
296
167
Net income
348
167
591
119
vs year-ago quarter
Net margin
38.9%
24.3%
76.3%
19.8%
EPS (diluted, $)
2.91
1.39
4.98
1.03
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
6,617
6,427
6,537
6,514
Cash & equivalents
185
210
440
352
Total debt
1,197
1,198
1,198
1,423
Shareholders’ equity
3,826
3,842
3,860
3,470
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
104
270
321
261
Capex
4
2
3
11
Free cash flow
100
267
318
249
vs year-ago quarter