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PTC Inc.

PTC Technology Software Application

PTC Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.7 billion, up 19.2% from fiscal 2024. In the quarter to June 2026, revenue fell 6.82%, EPS fell 11.9%, free cash flow grew 3.02% and total debt rose 15.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for five.

192.98 0.17 −0.09%
Market cap
$21.0B
P/E
18.6×
Fwd P/E
15.2×
Dividend yield
—
F-score
8/9
Altman Z
6.61
Beneish M
−2.36
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 11.88
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 3 — 1 2 — 1 — — — — 1
Insider Ownership 5.56%

Capital & Financial Ratios $m

Market Cap 20,980.00
Revenue 2,953.97
Net Income 1,223.81
Free Cash Flow 935.48
Net Debt 1,071.86
Current Ratio 1.03
Debt/Equity 0.41 (at or below 0.5: strong)
P/E ratio 18.56
Fwd P/E 15.20
P/S ratio 7.49
P/B ratio 6.38 (above 6: high)
Past 5Y EPS Growth 40.54% (at or above 15%: strong)
This Y EPS Growth 2.36%
Next Y EPS Growth 8.90%
Next Y revenue growth (0.56%) (below 0%: weak)
Next 5Y EPS Growth 7.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.9×, against a ten-year median of 8.1×; over the ten years it ranged from 3.2× in 2016 to 11.2× in 2024.
P/E against its own 10 years 6.29%
10-year low 10-year high
P/S against its own 10 years 48.21%
10-year low 10-year high
P/B against its own 10 years 33.95%
10-year low 10-year high
EV/Sales against its own 10 years 45.04%
10-year low 10-year high
EV/FCF against its own 10 years 10.17%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
2016 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 288 266 184 351
Receivables 811 862 1,001 824
Inventory — — — —
Other 82 68 79 82
1,277 1,299 1,383 1,372
2023 2024 2025 Q'26
Payables 43 24 12 35
ST’ Debt 9 521 25 25
Other 620 — — —
1,671 1,667 1,237 1,338

Compound Annual Growth %

10y 5y 3y
Sales 8.12% 13.44% 12.32%
Cash Flow 17.04% 29.99% 25.85%
Earnings 31.48% 41.22% 32.85%
Book Value 16.10% 21.62% 18.56%

Revenue $m

Dec Mar Jun Sep Year
’26 686 774 600 — —
’25 565 636 644 894 2,739
’24 550 603 519 627 2,298
’23 466 542 542 547 2,097
’22 458 505 462 508 1,933
’21 429 462 436 481 1,807
’20 356 360 352 391 1,458
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 270 321 261 — —
’25 238 281 244 104 868
’24 187 251 214 98 750
’23 181 211 169 50 611
’22 138 142 117 38 435
’21 114 122 88 45 369
’20 8 88 105 34 234
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 267 318 249 — —
’25 236 279 242 100 857
’24 183 247 212 90 732
’23 172 207 164 43 586
’22 134 136 111 28 409
’21 110 116 85 32 344
’20 3 82 88 29 203
Fiscal quarters ending in the months shown.

EPS $

Dec Mar Jun Sep Year
’26 1.39 4.98 1.03 — —
’25 0.68 1.35 1.17 2.94 6.14
’24 0.55 0.95 0.57 1.04 3.12
’23 0.63 0.53 0.51 0.38 2.06
’22 0.39 0.76 0.60 0.90 2.65
’21 0.20 0.92 0.43 2.46 4.03
’20 0.31 0.06 0.30 0.46 1.12
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 27.06 45.93 60.45 62.05 43.90 105.49 96.55 115.45 163.30 133.38

Analyst estimates 2026–2028

Powerpack
High 49.93 67.12 107.44 102.47 121.75 153.73 133.14 176.25 203.09 219.69
People
People Employees 5,800 6,041 6,110 6,055 6,243 6,709 6,503 7,231 7,501 7,642
Revenue/emp, $m 0.20 0.19 0.20 0.21 0.23 0.27 0.30 0.29 0.31 0.36
Income, $m
Income, $m Revenue 1,141 1,164 1,242 1,256 1,458 1,807 1,933 2,097 2,298 2,739
Gross margin, % 71.45 71.78 73.71 74.09 77.08 79.46 80.04 78.97 80.65 83.76
EBT (67) (1) 29 20 135 392 397 333 469 920
EBT margin, % (5.89) (0.12) 2.31 1.62 9.24 21.68 20.54 15.86 20.40 33.59
Net income (54) 6 52 (27) 131 477 313 246 376 734
Depreciation 87 87 87 78 120 123 122 137 141 135
Per share, $
Per share, $ Revenue 9.95 10.08 10.67 10.67 12.61 15.47 16.50 17.72 19.21 22.83
Earnings (0.48) 0.05 0.45 (0.23) 1.13 4.08 2.67 2.07 3.14 6.18
Cash flow 1.60 1.17 2.13 2.42 2.02 3.16 3.71 5.16 6.27 7.23
Capex (0.23) (0.22) (0.34) (0.55) (0.27) (0.22) (0.22) (0.21) (0.15) (0.09)
Free cash flow 1.37 0.95 1.79 1.88 1.75 2.94 3.49 4.95 6.11 7.14
Book value 7.35 7.66 7.51 10.21 12.43 17.45 19.59 22.62 26.86 31.88
Shares, m 115 116 116 118 116 117 117 118 120 120
Valuation, ×
Valuation, × P/E 0.00 1,125.60 235.27 0.00 73.20 29.36 39.18 67.71 57.35 32.90
P/S 4.45 5.59 9.92 6.39 6.56 7.74 6.34 7.95 9.41 8.89
P/B 6.03 7.34 14.09 6.68 6.65 6.87 5.34 6.23 6.73 6.37
EV/Sales 4.90 5.98 10.25 6.73 7.07 8.38 6.91 8.62 10.05 9.26
EV/FCF 35.55 63.46 60.99 38.80 50.87 44.06 32.63 30.83 31.61 29.79
Cash, $m
Cash, $m Operating cash flow 183 135 248 285 234 369 435 611 750 868
Capex (26) (25) (39) (64) (31) (25) (26) (25) (18) (11)
Free cash flow 157 110 209 221 203 344 409 586 732 857
Balance, $m
Balance, $m Working capital (12) (12) (101) 144 153 294 276 (394) (368) 146
Total debt 752 712 643 669 1,040 1,467 1,373 1,696 1,749 1,197
Net debt 455 414 357 372 737 1,141 1,100 1,408 1,483 1,013
Shareholders’ equity 843 885 875 1,202 1,438 2,038 2,296 2,677 3,214 3,826
Returns, %
Returns, % ROA (2.39) 0.27 2.22 (1.10) 4.32 12.09 6.81 4.47 5.94 11.29
ROIC (1.78) 2.01 3.68 2.50 6.06 7.48 8.23 7.01 7.82 12.69
ROE (6.40) 0.72 5.91 (2.64) 9.90 27.44 14.45 9.87 12.78 20.85
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

PTC Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ZM Zoom Communications, Inc. $28.7B 8.5× 24.6× +4.93% (above 0%: growing) +342.86% (above 0%: growing) −7.02% (below 0%: shrinking) 77.16% 24.61% Compare
PTC PTC Inc. $21.0B 18.6× 15.2× −6.82% (below 0%: shrinking) −11.86% (below 0%: shrinking) +3.02% (above 0%: growing) 81.74% 27.75%
SSNC SS&C Technologies Holdings, Inc. $19.8B 23.4× 17.7× +10.34% (above 0%: growing) +33.78% (above 0%: growing) +14.94% (above 0%: growing) 48.26% 24.60% Compare
U Unity Software Inc. $19.1B — (loss-making) — (loss-making) +23.93% (above 0%: growing) n/m +59.46% (above 0%: growing) 79.56% (5.90%) Compare
DT Dynatrace, Inc. $18.4B 120× 45.8× +16.17% (above 0%: growing) −18.75% (below 0%: shrinking) +15.68% (above 0%: growing) 81.34% 12.89% Compare
FICO Fair Isaac Corporation $16.6B 22.0× 30.0× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79% Compare
TYL Tyler Technologies, Inc. $14.9B 47.3× 37.8× +8.22% (above 0%: growing) +14.80% (above 0%: growing) +34.72% (above 0%: growing) 47.60% 14.74% Compare
DOCU Docusign Inc. $14.5B 44.7× 27.4× +9.38% (above 0%: growing) +32.26% (above 0%: growing) +35.89% (above 0%: growing) 79.69% 13.43% Compare
GWRE Guidewire Software, Inc. $14.4B 102× 64.1× +15.29% (above 0%: growing) −38.71% (below 0%: shrinking) +16.42% (above 0%: growing) 65.60% 15.16% Compare
Median of peers $17.5B 44.7× 30.0× +12.82% +32.26% +25.25% 78.36% 14.95%

All 237 Software Application stocks →

PTC metrics, ten years each

PTC Inc. (PTC) key facts

  • Strength: PTC Inc.’s revenue for fiscal 2025 (year ended September 2025) was $2.7 billion, up 19.2% from fiscal 2024.
  • PTC Inc. (PTC) is a Software Application company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, PTC traded at $192.98, a market capitalization of $21.0 billion.
  • Return on equity was 20.9% and debt-to-equity 0.41.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 6.61 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

PTC Inc. (PTC) Latest News

7 Oct

Impact 5 ·

6 Oct

Impact 5 ·
Impact 5 ·

5 Oct

Impact 5 ·
Impact 5 ·
Impact 5 ·

14 Aug

Impact 5 ·

20 May

Impact 5 ·

21 Dec

Impact 5 ·
stockrow.com/PTC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com