PTC is a US-based global company that offers high-end computer-assisted design, product lifecycle management, and augmented reality solutions that industrial manufacturers commonly use on factory floors.
It is a $21.1B technology company. Revenue grew 19.5% over the last year, it keeps 41¢ of every dollar of sales as profit, and its net debt equals ~1.1 years of free cash flow. It trades at 17.3× earnings — in the cheapest third of its own history.
- Website
- ptc.com
- Location
- Boston, MA
- Employees
- 7 000
- Sector
- Technology
- Founded
- 1985
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth and profitability.
Valuation61
- P/E vs own history10th pct · 25/25
- FCF yield4.4% · 12/25
- P/S7.2x · 12/25
- EV/EBITDA19.1x · 12/25
Growth77
- Revenue CAGR11.0% · 20/25
- Net income CAGR11.4% · 20/25
- EPS CAGR ~5Y40.1% · 25/25
- Fwd implied growth9.7% · 12/25
Profitability95
- ROIC16.5% · 20/25
- ROE32.6% · 25/25
- Net margin41.4% · 25/25
- Operating margin37.8% · 25/25
Health74
- Altman Z5.82 · 25/25
- Current ratio1.03 · 12/25
- Interest coverage13.5x · 25/25
- Net cash / debtD/A 15% · 12/25
Quality72
- Piotroski F8/9 · 25/25
- Beneish M-2.47 · 20/25
- FCF conversion76% · 15/25
- Margin stabilityσ 11.4% · 12/25
Moat55
- ROIC >12% years1/10 yrs · 0/25
- Median gross margin78.0% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst -4.8% · 5/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$734M net income
- FY2017FinancialTurned profitable$6.24M net income after a loss year
- FY2016FinancialRevenue already above $1B$1.14B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2012Acquisition2012 - Acquired Servigistics for its suite of service lifecycle management software
- 2011Acquisition2011 - Acquired 4CS for its warranty, service, support and service parts technology
- 2009Acquisition2009 - Acquired Relex Software for its reliability engineering software
- 2008Acquisition2008 - Acquired Synapsis for its performance analytics technology to improve environmental performance of products
- 2007Acquisition2007 - Acquired CoCreate for its direct modeling technology
- 2006Acquisition2006 - Acquired Mathsoft for its engineering calculation software
- 2005Acquisition2005 - Acquired Arbortext for technical publishing technology
- 1999ProductPTC created a Global Academic Program designed to support educational initiatives in science, technology,…
- 1989IPOPTC had its initial public offering at the Nasdaq exchange
- 1985FoundedPTC Inc. (formerly Parametric Technology Corporation) is an American computer software and services company founded…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (84.5%)
- Strongly profitable — 41.4% net margin
- Revenue growing 19.5% year over year
- Strong cash conversion — FCF is 31.7% of revenue
- Could repay net debt from ~1.3 years of free cash flow
Watch-outs
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+19.5% YoY
- Profitable — makes more than it spends$1.22B TTM
- Profit growing — earnings are higher than last year+31.9% YoY
- Generates cash — cash left after running and investing$935M TTM
- Debt under control — could handle its obligations~1.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$21.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.9% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 5.8 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 17.3
Peer comparisonPTC, Inc vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PTC this company | $21.1B | 17.3 | +19.5% | 41.4% | Solid |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: PTC vs NVDA · PTC vs AAPL · PTC vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PTC
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of PTC on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $194.45 · market cap $21.1B.