Business Description
PTC Inc. operates as a global provider of software and services, with its market presence extending across the Americas, Europe, and the Asia Pacific regions. The company's business is organized into two primary divisions: Software Products and Professional Services. Among its key offerings is the ThingWorx platform, which furnishes enterprises with a suite of functionalities to drive digital innovation across their operations. These solutions are characterized by ease of creation and deployment, scalability for future demands, and their ability to accelerate value realization for customers. Another significant product, Vuforia, enables the visualization of digital information within real-world contexts and facilitates the development of augmented reality applications. PTC also delivers Onshape, a cloud-based product development platform that seamlessly integrates computer-aided design with robust data management, collaborative tools, and real-time analytical capabilities. For product lifecycle management (PLM), the company provides Arena, a solution designed to empower product teams to collaborate virtually from any location, and Windchill, another comprehensive PLM software. Furthermore, Creo stands as a leading 3D CAD technology, supporting the digital design, validation, and refinement of product models. Additional specialized software includes Integrity, an application lifecycle management solution, and Servigistics, focused on optimizing service parts management. Beyond its software portfolio, PTC offers an extensive array of professional services, encompassing consulting, implementation support, training programs, cloud solutions, and ongoing licensing and technical assistance. Established in 1985 and headquartered in Boston, Massachusetts, the company was originally named Parametric Technology Corporation before officially rebranding as PTC Inc. in January 2013.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 6.12
Total Equity: $3.83B
Shares: 120,777,000
Total Debt: $1.20B
Cash: $184.42M
EBITDA: $1.13B
Total Debt: $1.20B
Cash: $184.42M
Revenue: $2.74B
Revenue: $2.74B
Revenue: $2.74B
Total Equity: $3.83B
Tax Rate: 20.2%
Equity: $3.83B
Total Debt: $1.20B
Cash: $184.42M
Current Liabilities: $1.24B
Long-Term Debt: $1.17B
Total Debt: $1.20B
Total Equity: $3.83B
Shares: 120,777,000
Shares: 120,777,000
CapEx: -$11.01M
Shares: 120,777,000
Stock Price: $115.72
Net Income: $734.00M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.9B | $2.1B | $2.3B | $2.7B |
| Cost of Revenue | $371.1M | $386.0M | $441.0M | $444.8M | $445.0M |
| Gross Profit | $1.4B | $1.5B | $1.7B | $1.9B | $2.3B |
| Operating Expenses | $1.1B | $1.1B | $1.2B | $1.3B | $1.3B |
| Operating Income | $380.7M | $447.4M | $458.5M | $588.1M | $982.4M |
| Net Income | $476.9M | $313.1M | $245.5M | $376.3M | $734.0M |
| EBITDA | $564.8M | $573.4M | $599.1M | $730.0M | $1.1B |
| EPS | $4.08 | $2.67 | $2.07 | $3.14 | $6.12 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $326.5M | $272.2M | $288.1M | $265.8M | $184.4M |
| Total Current Assets | $1.1B | $1.1B | $1.3B | $1.3B | $1.4B |
| Total Assets | $4.5B | $4.7B | $6.3B | $6.4B | $6.6B |
| Current Liabilities | $779.3M | $792.3M | $1.7B | $1.7B | $1.2B |
| Long-Term Debt | $1.4B | $1.4B | $1.7B | $1.2B | $1.2B |
| Total Liabilities | $2.5B | $2.4B | $3.6B | $3.2B | $2.8B |
| Total Equity | $2.0B | $2.3B | $2.7B | $3.2B | $3.8B |
| Retained Earnings | $414.7M | $727.7M | $973.3M | $1.3B | $2.1B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $368.8M | $435.3M | $610.9M | $750.0M | $867.7M |
| Capital Expenditure | -$25.3M | -$25.9M | -$24.6M | -$18.4M | -$11.0M |
| Free Cash Flow | $343.5M | $409.4M | $586.2M | $731.6M | $856.7M |
| Acquisitions (net) | -$718.0M | -$250.4M | -$828.4M | -$93.5M | -$6.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$30.0M | -$125.0M | $0 | $0 | -$300.0M |
| Net Change in Cash | $51.1M | -$54.2M | $15.9M | -$22.3M | -$82.1M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:46pm (11h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.6B $2.6B – $2.6B
|
$2.7B $2.7B – $2.8B
|
$2.9B $2.8B – $3.0B
|
$3.1B $3.1B – $3.1B
|
| EBITDA |
$844.3M $841.0M – $847.5M
|
$886.4M $879.9M – $906.0M
|
$938.6M $896.1M – $981.2M
|
$1.0B $1.0B – $1.0B
|
| Net Income |
$819.7M $813.1M – $826.4M
|
$964.0M $914.9M – $1.0B
|
$1.0B $914.5M – $1.1B
|
$1.2B $1.1B – $1.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:54pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.0% | +8.5% | +9.6% | +19.2% |
| Gross Profit Growth | +7.8% | +7.0% | +11.9% | +23.8% |
| Operating Income Growth | +17.5% | +2.5% | +28.3% | +67.1% |
| Net Income Growth | -34.4% | -21.6% | +53.3% | +95.0% |
| EBITDA Growth | +1.5% | +4.5% | +21.8% | +55.1% |
Narrative Economics
market-narrative step).