PTC INC. PTC
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. Given the breadth and openness of our portfolio, we enable the Intelligent Product Lifecycle: establishing a strong product data foundation in the engineering department and democratizing the access and use of that data across the enterprise to drive cross-functional collaboration, accelerate new product introduction timelines, and deliver higher product quality. By embracing the Intelligent Product Lifecycle, our customers establish the quality, consistency, and traceability of product data, ensuring the data is up-to-date, accessible, reliable, and actionable. Our customers can then go on to use this data to break down silos, streamline workflows, and achieve interoperability across departments, functions, and systems. This includes the growing emphasis on AI-driven transformation across our customers' teams, operations, and processes. A product data foundation is the backbone of AI-driven transformation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74B | $2.30B | $2.10B | $1.93B | $1.81B | $1.46B | $1.26B | $1.24B | $1.16B | $1.14B |
| Cost of revenue | $445.0M | $444.8M | $441.0M | $386.0M | $371.1M | $334.3M | $325.4M | $326.5M | $328.5M | $325.7M |
| Gross profit | $2.29B | $1.85B | $1.66B | $1.55B | $1.44B | $1.12B | $930.3M | $915.3M | $835.5M | $814.9M |
| R&D | $457.7M | $433.0M | $394.4M | $338.8M | $299.9M | $256.6M | $246.9M | $249.8M | $236.0M | $229.3M |
| SG&A | $226.1M | $232.4M | $233.5M | $204.7M | $206.0M | $159.8M | $127.9M | $143.0M | $145.0M | $145.6M |
| Total operating expenses | $1.31B | $1.27B | $1.20B | $1.10B | $1.06B | $913.3M | $867.2M | $842.7M | $793.8M | $851.9M |
| Operating income | $982.4M | $588.1M | $458.5M | $447.4M | $380.7M | $210.9M | $63.0M | $72.6M | $41.8M | -$37.0M |
| Interest expense | $77.0M | $119.7M | $129.4M | $54.3M | $50.5M | $76.4M | $43.0M | $41.7M | $42.4M | $29.9M |
| Pre-tax income | $920.2M | $469.0M | $332.6M | $397.1M | $391.8M | $134.7M | $20.3M | $28.7M | -$1.4M | -$67.2M |
| Income tax | $186.2M | $92.6M | $87.0M | $84.0M | $85.2M | $4.0M | $47.8M | $23.3M | $7.6M | $12.7M |
| Net income | $734.0M | $376.3M | $245.5M | $313.1M | $476.9M | $130.7M | -$27.5M | $52.0M | $6.2M | -$54.5M |
| EPS, basic | 6.12 | 3.14 | 2.07 | 2.67 | 4.08 | 1.13 | -0.23 | 0.45 | 0.05 | -0.48 |
| EPS, diluted | 6.08 | 3.12 | 2.06 | 2.65 | 4.03 | 1.12 | -0.23 | 0.44 | 0.05 | -0.48 |
| Shares, diluted (wtd. avg.) | $120.8M | $120.7M | $119.3M | $118.2M | $118.4M | $116.3M | $117.7M | $118.2M | $117.4M | $114.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $184.4M | $265.8M | $288.8M | $272.9M | $327.0M | $276.0M | $270.7M | $261.1M | $281.2M | $279.2M |
| Receivables | $1.00B | $862.0M | $811.4M | $636.6M | $541.1M | $415.2M | $372.7M | $129.3M | $152.3M | $161.4M |
| Total current assets | $1.38B | $1.30B | $1.28B | $1.07B | $1.07B | $833.4M | $782.6M | $633.8M | $666.6M | $642.6M |
| Property, plant and equipment | $60.8M | $75.2M | $88.4M | $98.1M | $100.2M | $101.5M | $105.5M | $80.6M | $63.6M | $67.1M |
| Goodwill | $3.49B | $3.46B | $3.36B | $2.35B | $2.19B | $1.63B | $1.24B | $1.18B | $1.18B | $1.17B |
| Other intangibles | $824.7M | $897.5M | $941.2M | $382.7M | $379.0M | $237.6M | $169.9M | $200.2M | $257.9M | $310.3M |
| Total assets | $6.62B | $6.38B | $6.29B | $4.69B | $4.51B | $3.38B | $2.66B | $2.33B | $2.36B | $2.35B |
| Accounts payable | $11.5M | $24.2M | $43.5M | $40.2M | $33.4M | $24.9M | $42.4M | $53.5M | $35.2M | $18.0M |
| Short-term debt | $25.0M | $521.5M | $9.4M | $0 | — | — | — | — | — | — |
| Total current liabilities | $1.24B | $1.67B | $1.67B | $792.3M | $779.3M | $680.8M | $638.2M | $735.3M | $678.9M | $654.5M |
| Long-term debt | $1.17B | $1.23B | $1.69B | $1.35B | $1.44B | $1.01B | $669.1M | $643.3M | — | — |
| Total liabilities | $2.79B | $3.17B | $3.61B | $2.39B | $2.47B | $1.94B | $1.46B | $1.45B | $1.47B | $1.50B |
| Retained earnings | $2.08B | $1.35B | $973.3M | $727.7M | $414.7M | -$62.3M | -$191.4M | -$599.4M | -$650.8M | -$657.1M |
| Total equity | $3.83B | $3.21B | $2.68B | $2.30B | $2.04B | $1.44B | $1.20B | $874.6M | $885.4M | $842.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $867.7M | $750.0M | $610.9M | $435.3M | $368.8M | $233.8M | $285.1M | $247.8M | $135.2M | $183.3M |
| Depreciation and amortisation | $102.5M | $108.1M | $104.8M | $87.7M | $85.2M | $80.8M | $77.8M | $87.4M | $86.7M | $86.6M |
| Stock-based compensation | $216.2M | $223.5M | $206.5M | $174.9M | $177.3M | $115.1M | $86.4M | $82.9M | $76.7M | $66.0M |
| Capital expenditure | $11.0M | $14.4M | $23.8M | $19.5M | $24.7M | $20.2M | $64.4M | $36.0M | $25.4M | $26.2M |
| Investing cash flow | -$38.3M | -$124.8M | -$866.1M | -$201.2M | -$687.9M | -$526.0M | -$150.0M | -$49.2M | -$16.1M | -$237.2M |
| Financing cash flow | -$908.5M | -$650.7M | $268.3M | -$264.1M | $370.3M | $297.4M | -$123.0M | -$210.8M | -$118.1M | $51.6M |
| Buybacks | $300.0M | $0 | $0 | $125.0M | $30.0M | $0 | $115.0M | $1.10B | $51.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-291326.
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