PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, field service, and end-of-life processes; ThingWorx, an Industrial Internet of Things software; ServiceMax, a service lifecycle management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools, and deliver metrics; and Arena, a SaaS PLM solution enables product teams to collaborate virtually to share product and quality information with internal teams and supply chain partners and deliver products to customers. It offers Codebeamer, an application lifecycle management for products and software development; Servigistics, a service parts management solution; and FlexPLM, a platform for merchandising and line planning, materials management, sampling, and others. In addition, it offers Kepware, an enterprise industrial connectivity solution; Kepware Edge, a Linux-based industrial communications platform; KEPServerEX, an industrial connectivity solution for small projects; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Onshape, a SaaS product development platform that delivers computer-aided design with data management, collaboration tools, and real-time analytics. Further, it offers Vuforia, an augmented reality (AR) software; and Arbortext, a dynamic publishing solution streamlines how organizations create, manage, and publish technical documentation. Additionally, the company provides PTC Products; PTC Mathcad; and augmented reality product. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.7B | $1.1B | $734M | $857M | 19.2% | 19.2% | 95.0% |
| 2024 | $2.3B | $730M | $376M | $736M | 11.7% | 9.6% | 53.3% |
| 2023 | $2.1B | $599M | $246M | $587M | 9.2% | 8.5% | -21.6% |
| 2022 | $1.9B | $573M | $313M | $409M | 13.6% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,933.35 | 2,097.05 | 2,298.47 | 2,739.23 |
| Operating Revenue | - | 1,933.35 | 2,097.05 | 2,298.47 | 2,739.23 |
| Cost Of Revenue | - | 385.98 | 441.01 | 444.82 | 444.98 |
| Gross Profit | - | 1,547.37 | 1,656.05 | 1,853.66 | 2,294.24 |
| Operating Expense | - | 1,063.77 | 1,198.03 | 1,266.40 | 1,296.21 |
| Research And Development | - | 338.82 | 394.37 | 433.05 | 457.69 |
| Selling General And Administration | - | 689.98 | 763.64 | 791.33 | 792.57 |
| Total Expenses | - | 1,449.75 | 1,639.04 | 1,711.21 | 1,741.20 |
| Operating Income | - | 483.60 | 458.01 | 587.26 | 998.03 |
| Total Operating Income As Reported | - | 447.36 | 458.47 | 588.06 | 982.38 |
| EBITDA | - | 573.41 | 599.14 | 730.02 | 1,132.61 |
| Normalized EBITDA | - | 609.64 | 598.68 | 729.22 | 1,148.26 |
| EBIT | - | 451.37 | 461.98 | 588.62 | 997.20 |
| Interest Income | - | 2.50 | 5.40 | 4.40 | 3.40 |
| Interest Expense | - | 54.27 | 129.42 | 119.65 | 77.02 |
| Net Interest Income | - | -54.27 | -129.42 | -115.25 | -73.62 |
| Other Non Operating Income Expenses | - | 4 | 3.51 | -3.80 | 11.40 |
| Other Income Expense | - | -32.23 | 3.97 | -3 | -4.24 |
| Interest Income Non Operating | - | 2.50 | 5.40 | 4.40 | 3.40 |
| Interest Expense Non Operating | - | 54.27 | 129.42 | 119.65 | 77.02 |
| Net Non Operating Interest Income Expense | - | -54.27 | -129.42 | -115.25 | -73.62 |
| Pretax Income | - | 397.10 | 332.57 | 468.96 | 920.18 |
| Tax Provision | - | 84.02 | 87.03 | 92.63 | 186.18 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -7.67 | 0.12 | 0.16 | -3.13 |
| Net Income Continuous Operations | - | 313.08 | 245.54 | 376.33 | 734 |
| Net Income From Continuing And Discontinued Operation | - | 313.08 | 245.54 | 376.33 | 734 |
| Net Income From Continuing Operation Net Minority Interest | - | 313.08 | 245.54 | 376.33 | 734 |
| Net Income | - | 313.08 | 245.54 | 376.33 | 734 |
| Net Income Common Stockholders | - | 313.08 | 245.54 | 376.33 | 734 |
| Net Income Including Noncontrolling Interests | - | 313.08 | 245.54 | 376.33 | 734 |
| Normalized Income | - | 341.65 | 245.20 | 375.69 | 746.51 |
| Diluted NI Availto Com Stockholders | - | 313.08 | 245.54 | 376.33 | 734 |
| Basic Average Shares | - | 117.19 | 118.34 | 119.68 | 120 |
| Diluted Average Shares | - | 118.23 | 119.33 | 120.74 | 120.78 |
| Reconciled Depreciation | - | 122.04 | 137.16 | 141.41 | 135.42 |
| Reconciled Cost Of Revenue | - | 298.91 | 343.87 | 345.43 | 355.52 |
| Total Unusual Items | - | -36.23 | 0.46 | 0.80 | -15.64 |
| Total Unusual Items Excluding Goodwill | - | -36.23 | 0.46 | 0.80 | -15.64 |
| Special Income Charges | - | -36.23 | 0.46 | 0.80 | -15.64 |
| Write Off | - | - | -0.46 | -0.80 | 15.64 |
| Impairment Of Capital Assets | 0.10 | - | - | - | - |
| Restructuring And Mergern Acquisition | 2.10 | 36.23 | -0.46 | -0.80 | - |
| Depreciation Amortization Depletion Income Statement | - | 34.97 | 40.02 | 42.02 | 45.95 |
| Depreciation And Amortization In Income Statement | - | 34.97 | 40.02 | 42.02 | 45.95 |
| General And Administrative Expense | - | 204.73 | 233.52 | 232.38 | 226.06 |
| Other Gand A | - | 204.73 | 233.52 | 232.38 | 226.06 |
| Selling And Marketing Expense | - | 485.25 | 530.12 | 558.95 | 566.52 |
| Amortization | - | 34.97 | 40.02 | 42.02 | 45.95 |
| Amortization Of Intangibles Income Statement | - | 34.97 | 40.02 | 42.02 | 45.95 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| PTC Inc.this co. | PTC | $16.0B | 21.84β premium | 4.19 | 19.2% | 15.20 |
| Fortive Corporation | FTV | $18.7B | 32.35 | 2.90 | 9.0% | 18.68 |
| Broadridge Financial Solutions, Inc. | BR | $17.8B | 21.23 | 6.71 | 31.6% | 13.62 |
| CDW Corporation | CDW | $17.8B | 16.70 | 6.84 | 40.9% | 11.78 |
| Gen Digital Inc. | GEN | $16.0B | 16.42 | 6.12 |
| - |
| - |
| - |
| 37.3% |
| 9.26 |
| Semtech Corporation | SMTC | $15.8B | -390.71 | 28.70 | -7.3% | 407.08 |
| Leidos Holdings, Inc. | LDOS | $15.7B | 10.82 | 3.19 | 29.5% | 8.24 |
| Sanmina Corporation | SANM | $15.0B | 61.06 | 6.38 | 10.4% | 30.04 |
| Trimble Inc. | TRMB | $13.0B | 30.62 | 2.22 | 7.3% | 18.02 |
| Peer Median | - | 18.97 | 6.25 | 20.0% | 15.82 | |