Overview
PTC INC.
Latest 10-K: FY2025, filed Nov 21, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $2.74B
- 19.2%YoYup from FY2024
- TotalRevenue
- Gross profit
- $2.29B
- 23.8%YoYup from FY2024
- GrossProfit
- Operating income
- $0.98B
- 67.1%YoYup from FY2024
- OperatingIncome
- Net income
- $0.73B
- 95.0%YoYup from FY2024
- NetIncome
- Diluted EPS
- $6.08
- 94.9%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 120.8M
- 0.0%YoYunchanged from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- PTC INC. reported revenue of $2.74B for fiscal 2025, up 19.2% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 35.9% and net margin was 26.8%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $6.08, up 94.9% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $2.74B19.2%up Benchmark median 6.4% | $2.30B9.6%up Benchmark median 4.5% | $2.10B8.5%up Benchmark median 4.8% | $1.93B7.0%up Benchmark median 10.3% | $1.81B23.9%up Benchmark median 13.8% | 11.0% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $2.29B23.8%up Benchmark median 6.8% | $1.85B11.9%up Benchmark median 5.5% | $1.66B7.0%up Benchmark median 5.2% | $1.55B7.8%up Benchmark median 8.3% | $1.44B27.7%up Benchmark median 15.7% | 12.4% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $982.38M67.1%up Benchmark median 7.3% | $588.06M28.3%up Benchmark median 7.4% | $458.47M2.5%up Benchmark median 4.9% | $447.36M17.5%up Benchmark median 7.5% | $380.75M80.6%up Benchmark median 23.5% | 26.7% Benchmark median 7.2% |
| Net Income | $734.00M95.0%up Benchmark median 4.8% | $376.33M53.3%up Benchmark median 5.7% | $245.54M21.6%down Benchmark median 1.9% | $313.08M34.4%down Benchmark median 1.3% | $476.92M264.9%up Benchmark median 33.9% | 11.4% Benchmark median 4.1% |
| EPS (Diluted) | $6.0894.9%up Benchmark median 6.2% | $3.1251.5%up Benchmark median 7.9% | $2.0622.3%down Benchmark median 1.9% | $2.6534.2%down Benchmark median 1.5% | $4.03259.8%up Benchmark median 34.8% | 10.8% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $6.62B3.7%up Benchmark median 5.6% | $6.38B1.5%up Benchmark median 3.4% | $6.29B34.2%up Benchmark median 4.1% | $4.69B4.0%up Benchmark median 2.2% | $4.51B33.3%up Benchmark median 6.7% | 10.1% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $2.79B11.9%down Benchmark median 6.4% | $3.17B12.2%down Benchmark median 1.9% | $3.61B51.0%up Benchmark median 2.9% | $2.39B3.2%down Benchmark median 2.0% | $2.47B27.0%up Benchmark median 5.2% | 3.1% Benchmark median 4.4% |
| Stockholders' Equity | $3.83B19.0%up Benchmark median 6.8% | $3.21B20.1%up Benchmark median 5.4% | $2.68B16.6%up Benchmark median 7.3% | $2.30B12.6%up Benchmark median 2.5% | $2.04B41.7%up Benchmark median 9.0% | 17.0% Benchmark median 6.1% |
| Cash & Equivalents | $184.41M30.6%down Benchmark median 5.2% | $265.81M7.7%down Benchmark median 1.9% | $288.10M5.8%up Benchmark median 6.7% | $272.18M16.6%down Benchmark median -8.6% | $326.53M18.5%up Benchmark median -2.9% | -13.3% Benchmark median 2.0% |
| Total Debt | $1.20B31.5%down Benchmark median 2.1% | $1.75B3.1%up Benchmark median 0.2% | $1.70B25.6%up Benchmark median 0.3% | $1.35B6.2%down Benchmark median 0.1% | $1.44B†43.2%up Benchmark median -0.1% | -4.5% Benchmark median 4.3% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $867.70M15.7%up Benchmark median 6.3% | $749.98M22.8%up Benchmark median 4.8% | $610.86M40.3%up Benchmark median 9.9% | $435.33M18.0%up Benchmark median -0.7% | $368.81M57.7%up Benchmark median 10.7% | 23.8% Benchmark median 7.0% |
| Capital Expenditures | $11.01M23.4%down Benchmark median 5.4% | $14.38M39.6%down Benchmark median 2.8% | $23.81M22.1%up Benchmark median 11.3% | $19.50M21.1%down Benchmark median 14.0% | $24.71M22.4%up Benchmark median 8.1% | -18.3% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $856.69M16.5%up Benchmark median 7.3% | $735.61M25.3%up Benchmark median 6.1% | $587.05M41.2%up Benchmark median 8.8% | $415.83M20.8%up Benchmark median -11.3% | $344.10M61.1%up Benchmark median 10.2% | 25.6% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.0%
Wall Street
on net earnings
FY2024 1.7%
3.5%
Value investor
on free cash flow
FY2024 3.4%
Gap +0.5 pts: Value-investor figure 0.5 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 33.4×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
4.2%
Wall Street
on EBITDA
FY2024 3.0%
3.8%
Value investor
on EBIT
FY2024 2.5%
Gap −0.4 pts: Value-investor figure 0.4 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 23.5×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
15.6%
Wall Street
on book equity
FY2024 14.7%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 6.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
20.9%
Wall Street
ROE: net income ÷ equity
FY2024 12.8%
15.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 9.5%
Gap −5.8 pts: Value-investor figure 5.8 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
39.6%
Wall Street
EBITDA margin
FY2024 30.3%
31.3%
Value investor
Free-cash-flow margin
FY2024 32.0%
Gap −8.3 pts: Value-investor figure 8.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.12×
Wall Street
Current ratio
FY2024 0.78×
1.12×
Value investor
Quick ratio, inventory excluded
FY2024 0.78×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.91×
Wall Street
EBITDA ÷ total debt
FY2024 0.40×
0.72×
Value investor
FCF ÷ total debt
FY2024 0.42×
Gap −0.19×: Value-investor figure 0.19 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.93×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
14.1×
Wall Street
EBITDA ÷ interest
FY2024 5.8×
12.8×
Value investor
EBIT ÷ interest
FY2024 4.9×
Gap −1.3×: Value-investor figure 1.3 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on PTC yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on PTC and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/PTC
Valuein. (2026, October 31). PTC INC. (PTC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/PTC
@misc{valuein_ptc_2026,
author = {{Valuein}},
title = {PTC INC. (PTC) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/PTC}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Nov 21, 2025 · accession 0001193125-25-291326
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point-in-time · survivorship-free · every number traceable to its SEC filing
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