PTC (PTC) Financials

$210.89 +1.02 (+0.49%)

Closing price 04:00 PM Eastern

Extended Trading

$212.14 +1.26 (+0.60%)

As of 06:35 PM Eastern

Annual Income Statements for PTC

This table shows PTC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2014	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	160	48	-54	6.24	52	-27	131	477	313	246	376
Consolidated Net Income / (Loss)	160	48	-54	6.24	52	-27	131	477	313	246	376
Net Income / (Loss) Continuing Operations	160	48	-54	6.24	52	-27	131	477	313	246	376
Total Pre-Tax Income	186	27	-67	-1.41	29	20	135	392	397	333	469
Total Operating Income	197	42	-37	42	73	63	211	381	447	458	588
Total Gross Profit	983	921	815	836	915	930	1,124	1,436	1,547	1,656	1,854
Total Revenue	1,357	1,255	1,141	1,164	1,242	1,256	1,458	1,807	1,933	2,097	2,298
Operating Revenue	1,357	1,255	1,141	1,164	1,242	1,256	1,458	1,807	1,933	2,097	2,298
Total Cost of Revenue	374	335	326	329	327	325	334	371	386	441	445
Operating Cost of Revenue	374	335	326	329	327	325	334	371	386	441	445
Total Operating Expenses	787	879	852	794	843	867	913	1,055	1,100	1,198	1,266
Selling, General & Admin Expense	132	159	146	145	143	128	160	206	205	234	232
Marketing Expense	367	347	367	373	415	417	435	518	485	530	559
Research & Development Expense	226	228	229	236	250	247	257	300	339	394	433
Amortization Expense	32	36	33	32	31	24	29	29	35	40	42
Restructuring Charge	28	43	76	7.94	3.76	51	33	2.21	36	-0.46	-0.80
Total Other Income / (Expense), net	-10	-15	-30	-43	-44	-43	-76	11	-50	-126	-119
Interest Expense	8.16	15	30	42	42	43	76	50	54	129	120
Other Income / (Expense), net	-5.43	-4.05	-3.73	-0.77	-2.28	0.31	0.27	61	4.00	3.51	0.55
Income Tax Expense	26	-21	-13	-7.65	-23	48	4.01	-85	84	87	93
Basic Earnings per Share	$1.36	$0.41	($0.48)	$0.05	$0.45	($0.23)	$1.13	$4.08	$2.67	$2.07	$3.14
Weighted Average Basic Shares Outstanding	118.09M	114.78M	114.61M	115.52M	116.39M	117.72M	115.66M	116.84M	117.19M	118.34M	119.68M
Diluted Earnings per Share	$1.34	$0.41	($0.48)	$0.05	$0.44	($0.23)	$1.12	$4.03	$2.65	$2.06	$3.12
Weighted Average Diluted Shares Outstanding	119.98M	116.01M	114.61M	117.36M	118.16M	117.72M	116.27M	118.37M	118.23M	119.33M	120.74M
Weighted Average Basic & Diluted Shares Outstanding	117.80M	116M	113.50M	124.80M	115.50M	119.40M	116.66M	117.87M	117.47M	119.24M	120.13M

This table shows PTC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	70	78	64	61	66	114	69	82	163	141
Consolidated Net Income / (Loss)	70	78	64	61	66	114	69	82	163	141
Net Income / (Loss) Continuing Operations	70	78	64	61	66	114	69	82	163	141
Total Pre-Tax Income	101	106	81	77	86	146	67	93	205	194
Total Operating Income	80	103	123	110	119	180	96	116	223	210
Total Gross Profit	360	405	429	426	440	493	407	453	530	534
Total Revenue	462	500	542	542	550	603	519	565	636	644
Operating Revenue	462	500	542	542	550	603	519	565	636	644
Total Cost of Revenue	102	95	114	116	110	110	112	112	106	110
Operating Cost of Revenue	102	95	114	116	110	110	112	112	106	110
Total Operating Expenses	281	302	306	317	321	313	311	338	307	324
Selling, General & Admin Expense	55	52	66	57	69	62	50	53	55	54
Marketing Expense	124	126	129	145	137	135	140	158	125	142
Research & Development Expense	88	81	100	104	106	107	110	116	111	117
Amortization Expense	8.93	9.56	11	11	10	10	11	11	11	12
Restructuring Charge	4.46	34	0.00	-0.04	-0.80	-0.01	0.00	0.00	4.21	0.00
Total Other Income / (Expense), net	21	3.04	-41	-33	-33	-34	-28	-22	-18	-16
Interest Expense	14	12	42	36	35	32	28	22	20	18
Other Income / (Expense), net	35	15	0.06	2.46	2.22	-2.22	-0.66	-0.32	1.39	2.25
Income Tax Expense	30	28	18	15	19	31	-1.61	11	43	52
Basic Earnings per Share	$0.60	$0.66	$0.54	$0.52	$0.56	$0.96	$0.58	$0.68	$1.35	$1.18
Weighted Average Basic Shares Outstanding	117.07M	117.19M	118.26M	118.48M	119.12M	119.59M	119.89M	120.24M	120.18M	119.91M
Diluted Earnings per Share	$0.60	$0.66	$0.53	$0.51	$0.55	$0.95	$0.57	$0.68	$1.35	$1.17
Weighted Average Diluted Shares Outstanding	117.97M	118.23M	119.04M	119.39M	120.25M	120.71M	120.82M	121.15M	120.85M	120.46M
Weighted Average Basic & Diluted Shares Outstanding	117.47M	117.47M	118.35M	118.83M	-	119.74M	120.14M	120.32M	119.95M	119.79M

This table details how cash moves in and out of PTC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2014	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	52	-20	4.52	2.04	-20	9.60	5.27	51	-54	16	-22
Net Cash From Operating Activities	305	180	183	135	248	285	234	369	435	611	750
Net Cash From Continuing Operating Activities	305	180	183	135	248	285	234	369	435	611	750
Net Income / (Loss) Continuing Operations	160	48	-54	6.24	52	-27	131	477	313	246	376
Consolidated Net Income / (Loss)	160	48	-54	6.24	52	-27	131	477	313	246	376
Depreciation Expense	77	84	87	87	87	78	81	85	88	105	108
Amortization Expense	-	-	-	-	0.00	0.00	39	37	34	32	33
Non-Cash Adjustments To Reconcile Net Income	40	117	67	79	83	82	112	100	159	200	209
Changes in Operating Assets and Liabilities, net	27	-69	84	-37	25	153	-128	-331	-159	28	24
Net Cash From Investing Activities	-349	-140	-237	-16	-49	-150	-526	-688	-201	-866	-125
Net Cash From Continuing Investing Activities	-349	-140	-237	-16	-49	-150	-526	-688	-201	-866	-125
Purchase of Property, Plant & Equipment	-25	-31	-26	-25	-36	-64	-20	-25	-19	-24	-14
Acquisitions	-324	-98	-166	-4.96	-6.00	-87	-495	-719	-289	-829	-97
Purchase of Investments	0.00	-11	-45	-20	-25	-41	-43	-11	25	-13	-13
Divestitures	-	-	-	-	-	-	0.00	0.00	33	-0.15	0.00
Sale and/or Maturity of Investments	-	0.00	0.00	34	18	42	32	66	47	0.35	0.00
Other Investing Activities, net	-	-	-	-	-	-	0.00	0.00	3.41	0.00	0.09
Net Cash From Financing Activities	105	-42	52	-118	-211	-123	297	370	-264	268	-651
Net Cash From Continuing Financing Activities	105	-42	52	-118	-211	-123	297	370	-264	268	-651
Repayment of Debt	-1,040	-129	-587	-190	-323	-180	-1,142	-168	-355	-1,210	-1,039
Repurchase of Common Equity	-225	-65	0.00	-51	-1,100	-115	0.00	-30	-125	0.00	0.00
Issuance of Debt	1,386	185	670	150	250	205	1,455	600	264	1,540	1,085
Issuance of Common Equity	0.88	0.04	0.02	11	1,016	13	18	22	21	22	26
Other Financing Activities, net	-16	-34	-32	-38	-54	-46	-34	-53	-69	-83	-722
Effect of Exchange Rate Changes	-9.36	-18	6.81	1.07	-7.81	-2.57	0.03	-0.13	-24	2.85	3.22

This table details how cash moves in and out of PTC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	16	-50	-39	6.59	-23	-16	-1.15	18	-70	39	-36
Net Cash From Operating Activities	117	38	169	50	187	251	214	98	238	281	244
Net Cash From Continuing Operating Activities	117	38	169	50	187	251	214	98	238	281	244
Net Income / (Loss) Continuing Operations	70	107	61	46	66	114	69	127	82	163	141
Consolidated Net Income / (Loss)	70	107	61	46	66	114	69	127	82	163	141
Depreciation Expense	22	22	28	28	27	27	27	27	26	25	26
Amortization Expense	8.61	8.20	8.14	7.70	7.72	7.74	7.68	10	7.93	8.24	8.29
Non-Cash Adjustments To Reconcile Net Income	16	24	53	56	58	56	47	48	55	54	52
Changes in Operating Assets and Liabilities, net	-0.40	-123	19	-87	28	46	63	-113	68	31	16
Net Cash From Investing Activities	-237	-8.26	-6.40	0.02	-105	1.48	4.41	-25	26	-19	-35
Net Cash From Continuing Investing Activities	-237	-8.26	-6.40	0.02	-105	1.48	4.41	-25	26	-19	-35
Purchase of Property, Plant & Equipment	-4.47	-9.52	-5.09	-5.78	-4.56	-3.64	-1.64	-4.54	-2.77	-2.81	-1.89
Acquisitions	-276	-8.97	-	-0.80	-93	-	-	-3.99	0.00	-	-6.53
Purchase of Investments	6.74	6.81	-1.66	6.60	-7.35	5.12	6.05	-17	28	-16	-27
Net Cash From Financing Activities	147	-71	-199	-39	-112	-262	-217	-60	-324	-227	-250
Net Cash From Continuing Financing Activities	147	-71	-199	-39	-112	-262	-217	-60	-324	-227	-250
Repayment of Debt	-105	-75	-180	-453	-181	-254	-400	-203	-257	-965	-157
Repurchase of Common Equity	-	-	-	-	0.00	-	-	-	-75	-75	-75
Other Financing Activities, net	-12	-6.19	-19	-7.28	-670	-21	-21	-9.49	-43	-10	-19
Effect of Exchange Rate Changes	-11	-9.55	-2.35	-3.98	6.69	-5.86	-2.83	5.23	-9.20	3.15	5.92

This table presents PTC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2014	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	2,200	2,210	2,346	2,360	2,329	2,665	3,383	4,508	4,687	6,289	6,384
Total Current Assets	732	705	643	667	634	783	833	1,073	1,069	1,277	1,299
Cash & Equivalents	294	273	278	280	260	270	275	327	272	288	266
Accounts Receivable	236	197	161	152	129	373	415	541	637	811	862
Prepaid Expenses	38	56	53	50	49	53	69	70	89	96	103
Other Current Assets	134	141	132	166	170	60	45	135	71	82	68
Plant, Property, & Equipment, net	68	65	67	64	81	106	101	100	98	88	75
Total Noncurrent Assets	1,400	1,440	1,636	1,630	1,615	1,776	2,448	3,334	3,521	4,923	5,010
Goodwill	1,013	1,069	1,170	1,183	1,182	1,238	1,626	2,192	2,354	3,359	3,462
Intangible Assets	337	291	310	258	200	170	238	379	383	941	897
Noncurrent Deferred & Refundable Income Taxes	8.96	39	90	123	166	199	191	298	256	123	159
Other Noncurrent Operating Assets	42	41	35	34	36	140	363	466	528	500	491
Total Liabilities & Shareholders' Equity	2,200	2,210	2,346	2,360	2,329	2,665	3,383	4,508	4,687	6,289	6,384
Total Liabilities	1,346	1,350	1,503	1,475	1,454	1,463	1,944	2,469	2,391	3,612	3,169
Total Current Liabilities	627	617	655	679	735	638	681	779	792	1,671	1,667
Short-Term Debt	25	50	-	-	-	-	-	-	0.00	9.38	521
Accounts Payable	20	13	18	35	53	42	25	33	40	43	24
Accrued Expenses	-	-	-	-	-	104	96	113	117	133	130
Current Deferred Revenue	369	368	400	446	488	386	417	482	504	665	754
Current Deferred & Payable Income Tax Liabilities	10	5.63	6.30	5.74	18	17	7.01	5.06	5.14	15	40
Current Employee Benefit Liabilities	145	82	146	111	102	89	101	118	104	160	174
Other Current Liabilities	58	98	84	81	74	0.00	35	28	22	645	24
Total Noncurrent Liabilities	719	732	849	796	719	824	1,264	1,690	1,599	1,940	1,502
Long-Term Debt	587	618	752	712	643	669	1,005	1,439	1,351	1,686	1,227
Noncurrent Deferred Revenue	13	19	13	13	12	11	9.66	16	17	16	21
Noncurrent Deferred & Payable Income Tax Liabilities	37	42	14	18	5.59	42	12	4.17	28	30	32
Other Noncurrent Operating Liabilities	83	53	70	53	58	102	236	231	203	208	221
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	854	860	843	885	875	1,202	1,438	2,038	2,296	2,677	3,214
Total Preferred & Common Equity	854	860	843	885	875	1,202	1,438	2,038	2,296	2,677	3,214
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	854	860	843	885	875	1,202	1,438	2,038	2,296	2,677	3,214
Common Stock	1,598	1,555	1,600	1,610	1,560	1,504	1,604	1,720	1,722	1,822	1,967
Retained Earnings	-650	-603	-657	-651	-599	-191	-62	415	728	973	1,350
Accumulated Other Comprehensive Income / (Loss)	-94	-92	-100	-74	-86	-111	-103	-96	-153	-118	-102

This table presents PTC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q3 2023	Q4 2023	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Total Assets	4,606	4,687	6,300	6,208	6,289	6,205	6,128	6,384	6,075	6,162	6,229
Total Current Assets	948	1,069	1,166	1,103	1,277	1,153	1,092	1,299	1,085	1,133	1,090
Cash & Equivalents	322	272	320	282	288	249	248	266	196	235	199
Accounts Receivable	473	637	643	625	811	705	675	862	695	717	713
Prepaid Expenses	92	89	119	119	96	137	109	103	118	115	110
Other Current Assets	61	71	84	77	82	61	60	68	75	66	68
Plant, Property, & Equipment, net	91	98	92	89	88	82	78	75	71	68	65
Total Noncurrent Assets	3,566	3,521	5,041	5,015	4,923	4,971	4,959	5,010	4,920	4,962	5,074
Goodwill	2,383	2,354	3,369	3,377	3,359	3,446	3,442	3,462	3,423	3,444	3,497
Intangible Assets	399	383	979	959	941	931	911	897	872	856	845
Noncurrent Deferred & Refundable Income Taxes	283	256	151	146	123	109	152	159	164	186	209
Other Noncurrent Operating Assets	502	528	542	532	500	484	454	491	460	475	523
Total Liabilities & Shareholders' Equity	4,606	4,687	6,300	6,208	6,289	6,205	6,128	6,384	6,075	6,162	6,229
Total Liabilities	2,448	2,391	3,781	3,609	3,612	3,262	3,113	3,169	2,846	2,776	2,716
Total Current Liabilities	770	792	1,593	1,612	1,671	1,515	1,569	1,667	1,561	1,146	1,227
Short-Term Debt	-	0.00	620	620	9.38	515	518	521	525	25	25
Accounts Payable	16	40	38	18	43	20	47	24	21	8.50	8.70
Accrued Expenses	124	117	138	149	133	110	123	130	115	101	126
Current Deferred Revenue	481	504	649	631	665	709	671	754	706	787	758
Current Deferred & Payable Income Tax Liabilities	16	5.14	13	19	15	19	25	40	37	71	101
Current Employee Benefit Liabilities	110	104	110	151	160	119	161	174	135	130	183
Other Current Liabilities	22	22	25	23	645	23	23	24	23	24	25
Total Noncurrent Liabilities	1,679	1,599	2,188	1,997	1,940	1,747	1,544	1,502	1,284	1,630	1,489
Long-Term Debt	1,425	1,351	1,918	1,738	1,686	1,491	1,293	1,227	1,019	1,364	1,208
Noncurrent Deferred Revenue	14	17	22	19	16	16	16	21	20	15	19
Noncurrent Deferred & Payable Income Tax Liabilities	24	28	38	35	30	38	37	32	30	31	36
Other Noncurrent Operating Liabilities	215	203	210	205	208	203	197	221	215	219	226
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,157	2,296	2,519	2,599	2,677	2,943	3,015	3,214	3,230	3,386	3,513
Total Preferred & Common Equity	2,157	2,296	2,519	2,599	2,677	2,943	3,015	3,214	3,230	3,386	3,513
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,157	2,296	2,519	2,599	2,677	2,943	3,015	3,214	3,230	3,386	3,513
Common Stock	1,670	1,722	1,751	1,769	1,822	1,902	1,912	1,967	1,938	1,911	1,849
Retained Earnings	621	728	866	928	973	1,154	1,223	1,350	1,432	1,594	1,736
Accumulated Other Comprehensive Income / (Loss)	-134	-153	-98	-98	-118	-113	-120	-102	-140	-119	-72

This table displays calculated financial ratios and metrics derived from PTC's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2014	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.90%	-7.50%	-9.14%	2.06%	6.68%	1.11%	16.15%	23.91%	6.98%	8.47%	9.60%
EBITDA Growth	29.75%	-54.55%	-62.45%	178.86%	23.49%	-10.50%	134.21%	70.81%	1.53%	4.49%	21.84%
EBIT Growth	46.65%	-80.35%	-208.46%	200.61%	71.56%	-9.93%	233.30%	109.46%	2.07%	2.35%	27.41%
NOPAT Growth	16.68%	-55.90%	-134.73%	212.84%	350.58%	-164.74%	339.90%	126.57%	-23.91%	-4.03%	39.41%
Net Income Growth	11.42%	-70.31%	-214.53%	111.46%	733.26%	-152.82%	575.95%	264.91%	-34.35%	-21.57%	53.27%
EPS Growth	12.61%	-69.40%	-217.07%	110.42%	780.00%	-152.27%	586.96%	259.82%	-34.24%	-22.26%	51.46%
Operating Cash Flow Growth	35.55%	-40.93%	1.87%	-26.22%	83.24%	15.09%	-18.00%	57.74%	18.04%	40.32%	22.77%
Free Cash Flow Firm Growth	49.80%	86.46%	-362.86%	175.31%	594.02%	-316.65%	15.71%	-60.66%	122.39%	-386.95%	62.29%
Invested Capital Growth	24.34%	7.06%	0.94%	0.06%	-5.17%	28.47%	36.58%	49.43%	7.08%	21.05%	14.99%
Revenue Q/Q Growth	1.64%	-4.13%	-2.09%	1.58%	0.50%	1.82%	3.99%	5.22%	1.43%	0.00%	0.00%
EBITDA Q/Q Growth	-5.03%	-29.72%	-23.20%	56.64%	-2.95%	27.18%	11.18%	26.25%	-5.15%	0.00%	0.00%
EBIT Q/Q Growth	-7.33%	-58.32%	-56.38%	1,016.48%	-5.82%	109.33%	12.27%	35.12%	-6.18%	0.00%	0.00%
NOPAT Q/Q Growth	-8.22%	-30.42%	-44.88%	528.55%	-1.43%	-534.61%	39.51%	62.97%	-27.18%	0.00%	0.00%
Net Income Q/Q Growth	-9.96%	-48.23%	-72.65%	115.73%	-7.55%	-13.97%	50.03%	100.91%	-37.28%	0.00%	0.00%
EPS Q/Q Growth	-9.46%	-48.10%	-71.43%	114.29%	-8.33%	-9.52%	47.37%	101.50%	-37.35%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	2.53%	-26.16%	16.70%	16.43%	13.37%	-2.31%	-8.33%	3.17%	-1.54%	1.88%	6.89%
Free Cash Flow Firm Q/Q Growth	-195.81%	90.85%	73.00%	-51.02%	20.59%	-16.89%	-29.43%	-7.87%	107.25%	0.00%	0.00%
Invested Capital Q/Q Growth	19.20%	6.38%	-2.68%	2.49%	-0.39%	-3.01%	4.56%	11.04%	3.51%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.46%	73.33%	71.45%	71.78%	73.71%	74.09%	77.08%	79.46%	80.04%	78.97%	80.65%
EBITDA Margin	19.78%	9.72%	4.02%	10.97%	12.70%	11.24%	22.67%	31.25%	29.66%	28.57%	31.76%
Operating Margin	14.49%	3.32%	-3.25%	3.59%	5.85%	5.02%	14.46%	21.07%	23.14%	21.86%	25.58%
EBIT Margin	14.09%	2.99%	-3.57%	3.52%	5.66%	5.05%	14.48%	24.47%	23.35%	22.03%	25.61%
Profit (Net Income) Margin	11.81%	3.79%	-4.78%	0.54%	4.19%	-2.19%	8.96%	26.39%	16.19%	11.71%	16.37%
Tax Burden Percent	86.07%	179.29%	81.06%	-443.74%	181.42%	-135.27%	97.02%	121.74%	78.84%	73.83%	80.25%
Interest Burden Percent	97.36%	70.60%	164.90%	-3.43%	40.75%	32.05%	63.80%	88.59%	87.98%	71.99%	79.67%
Effective Tax Rate	13.93%	-79.29%	0.00%	0.00%	-81.42%	235.27%	2.98%	-21.74%	21.16%	26.17%	19.75%
Return on Invested Capital (ROIC)	16.00%	6.15%	-2.06%	2.31%	10.67%	-6.21%	11.20%	17.62%	10.81%	9.08%	10.75%
ROIC Less NNEP Spread (ROIC-NNEP)	10.62%	-1.44%	-9.03%	-3.40%	-11.81%	11.06%	-3.39%	19.13%	7.19%	1.60%	4.13%
Return on Net Nonoperating Assets (RNNOA)	1.99%	-0.60%	-4.34%	-1.59%	-4.76%	3.57%	-1.30%	9.81%	3.64%	0.80%	2.03%
Return on Equity (ROE)	18.00%	5.55%	-6.40%	0.72%	5.91%	-2.64%	9.90%	27.44%	14.45%	9.87%	12.78%
Cash Return on Invested Capital (CROIC)	-5.69%	-0.67%	-2.99%	2.24%	15.98%	-31.13%	-19.73%	-22.01%	3.97%	-9.97%	-3.19%
Operating Return on Assets (OROA)	9.49%	1.70%	-1.79%	1.74%	3.00%	2.54%	6.98%	11.21%	9.82%	8.42%	9.29%
Return on Assets (ROA)	7.95%	2.16%	-2.39%	0.27%	2.22%	-1.10%	4.32%	12.09%	6.81%	4.47%	5.94%
Return on Common Equity (ROCE)	18.00%	5.55%	-6.40%	0.72%	5.91%	-2.64%	9.90%	27.44%	14.45%	9.87%	12.78%
Return on Equity Simple (ROE_SIMPLE)	18.76%	5.53%	-6.46%	0.70%	5.94%	-2.28%	9.09%	23.40%	13.64%	9.17%	11.71%
Net Operating Profit after Tax (NOPAT)	169	75	-26	29	132	-85	205	464	353	339	472
NOPAT Margin	12.47%	5.94%	-2.27%	2.51%	10.61%	-6.79%	14.03%	25.65%	18.24%	16.14%	20.53%
Net Nonoperating Expense Percent (NNEP)	5.39%	7.59%	6.98%	5.71%	22.48%	-17.27%	14.59%	-1.50%	3.62%	7.48%	6.61%
Cost of Revenue to Revenue	27.54%	26.67%	28.55%	28.22%	26.29%	25.91%	22.92%	20.54%	19.96%	21.03%	19.35%
SG&A Expenses to Revenue	9.74%	12.64%	12.77%	12.46%	11.52%	10.19%	10.96%	11.40%	10.59%	11.14%	10.11%
R&D to Revenue	16.69%	18.13%	20.11%	20.28%	20.11%	19.66%	17.59%	16.60%	17.53%	18.81%	18.84%
Operating Expenses to Revenue	57.98%	70.02%	74.69%	68.19%	67.86%	69.07%	62.62%	58.40%	56.90%	57.11%	55.06%
Earnings before Interest and Taxes (EBIT)	191	38	-41	41	70	63	211	442	451	462	589
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	268	122	46	128	158	141	331	565	573	599	730
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.07	4.21	6.04	7.35	14.31	6.53	6.68	6.90	5.35	6.29	6.75
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.19	2.89	4.47	5.59	10.08	6.25	6.59	7.78	6.36	8.03	9.44
Price to Earnings (P/E)	27.02	76.19	0.00	1,042.86	240.68	0.00	73.49	29.48	39.25	68.57	57.67
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.70%	1.31%	0.00%	0.10%	0.42%	0.00%	1.36%	3.39%	2.55%	1.46%	1.73%
Enterprise Value to Invested Capital (EV/IC)	3.96	3.20	4.36	5.43	10.68	5.31	4.87	4.82	3.96	4.47	4.94
Enterprise Value to Revenue (EV/Rev)	3.42	3.20	4.84	5.92	10.34	6.53	7.05	8.40	6.91	8.70	10.09
Enterprise Value to EBITDA (EV/EBITDA)	17.31	32.94	120.46	53.93	81.40	58.05	31.08	26.87	23.31	30.45	31.76
Enterprise Value to EBIT (EV/EBIT)	24.31	106.95	0.00	168.04	182.57	129.37	48.67	34.31	29.61	39.49	39.39
Enterprise Value to NOPAT (EV/NOPAT)	27.46	53.85	0.00	235.61	97.47	0.00	50.23	32.74	37.89	53.90	49.13
Enterprise Value to Operating Cash Flow (EV/OCF)	15.26	22.34	30.11	50.95	51.82	28.74	43.95	41.14	30.70	29.87	30.92
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	242.31	65.08	0.00	0.00	0.00	103.10	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.72	0.78	0.89	0.80	0.74	0.56	0.70	0.71	0.59	0.63	0.54
Long-Term Debt to Equity	0.69	0.72	0.89	0.80	0.74	0.56	0.70	0.71	0.59	0.63	0.38
Financial Leverage	0.19	0.42	0.48	0.47	0.40	0.32	0.38	0.51	0.51	0.50	0.49
Leverage Ratio	2.26	2.57	2.68	2.72	2.66	2.40	2.29	2.27	2.12	2.21	2.15
Compound Leverage Factor	2.20	1.82	4.41	-0.09	1.09	0.77	1.46	2.01	1.87	1.59	1.71
Debt to Total Capital	41.74%	43.72%	47.14%	44.59%	42.38%	35.76%	41.14%	41.39%	37.04%	38.78%	35.23%
Short-Term Debt to Total Capital	1.71%	3.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.21%	10.51%
Long-Term Debt to Total Capital	40.04%	40.45%	47.14%	44.59%	42.38%	35.76%	41.14%	41.39%	37.04%	38.56%	24.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	58.26%	56.28%	52.86%	55.41%	57.62%	64.24%	58.86%	58.61%	62.96%	61.22%	64.77%
Debt to EBITDA	2.28	5.48	16.41	5.58	4.08	4.74	3.04	2.55	2.36	2.83	2.40
Net Debt to EBITDA	1.19	3.24	9.26	2.99	2.08	2.42	2.03	1.97	1.88	2.35	2.03
Long-Term Debt to EBITDA	2.19	5.07	16.41	5.58	4.08	4.74	3.04	2.55	2.36	2.81	1.68
Debt to NOPAT	3.62	8.95	-29.01	24.37	4.88	-7.85	4.91	3.11	3.83	5.01	3.71
Net Debt to NOPAT	1.88	5.29	-16.37	13.07	2.49	-4.01	3.28	2.40	3.06	4.16	3.14
Long-Term Debt to NOPAT	3.47	8.28	-29.01	24.37	4.88	-7.85	4.91	3.11	3.83	4.98	2.60
Altman Z-Score	2.48	1.90	2.06	2.80	5.38	3.74	3.63	4.35	4.10	3.51	5.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.14	0.98	0.98	0.86	1.23	1.22	1.38	1.35	0.76	0.78
Quick Ratio	0.84	0.76	0.70	0.66	0.56	1.05	1.06	1.11	1.15	0.66	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-60	-8.16	-38	28	197	-427	-360	-579	130	-372	-140
Operating Cash Flow to CapEx	1,204.95%	587.38%	699.76%	531.37%	687.42%	442.70%	1,157.69%	1,492.37%	2,232.90%	2,565.13%	5,216.19%
Free Cash Flow to Firm to Interest Expense	-7.38	-0.55	-1.26	0.67	4.73	-9.93	-4.71	-11.47	2.39	-2.87	-1.17
Operating Cash Flow to Interest Expense	37.35	12.20	6.13	3.19	5.95	6.62	3.06	7.31	8.02	4.72	6.27
Operating Cash Flow Less CapEx to Interest Expense	34.25	10.13	5.26	2.59	5.08	5.13	2.79	6.82	7.66	4.54	6.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.57	0.50	0.49	0.53	0.50	0.48	0.46	0.42	0.38	0.36
Accounts Receivable Turnover	5.84	5.80	6.36	7.42	8.82	5.00	3.70	3.78	3.28	2.90	2.75
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.49	18.88	17.24	17.81	17.22	13.49	14.09	17.92	19.50	22.49	28.10
Accounts Payable Turnover	20.76	20.19	20.75	12.35	7.37	6.78	9.93	12.73	10.50	10.55	13.15
Days Sales Outstanding (DSO)	62.51	62.95	57.39	49.18	41.38	72.97	98.60	96.57	111.16	126.01	132.87
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	17.59	18.08	17.59	29.55	49.54	53.80	36.77	28.67	34.77	34.61	27.77
Cash Conversion Cycle (CCC)	44.93	44.87	39.80	19.63	-8.16	19.17	61.83	67.91	76.39	91.40	105.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,172	1,255	1,267	1,268	1,202	1,544	2,109	3,151	3,374	4,085	4,697
Invested Capital Turnover	1.28	1.03	0.90	0.92	1.01	0.91	0.80	0.69	0.59	0.56	0.52
Increase / (Decrease) in Invested Capital	229	83	12	0.81	-66	342	565	1,042	223	710	612
Enterprise Value (EV)	4,647	4,018	5,518	6,888	12,840	8,195	10,276	15,174	13,365	18,244	23,186
Market Capitalization	4,329	3,624	5,094	6,506	12,512	7,853	9,605	14,061	12,287	16,836	21,704
Book Value per Share	$7.28	$7.53	$7.33	$7.66	$7.42	$10.44	$12.39	$17.37	$19.55	$22.53	$26.76
Tangible Book Value per Share	($4.22)	($4.38)	($5.55)	($4.80)	($4.31)	($1.79)	($3.66)	($4.54)	($3.75)	($13.65)	($9.53)
Total Capital	1,466	1,528	1,594	1,598	1,518	1,871	2,444	3,478	3,647	4,373	4,963
Total Debt	612	668	752	712	643	669	1,005	1,439	1,351	1,696	1,749
Total Long-Term Debt	587	618	752	712	643	669	1,005	1,439	1,351	1,686	1,227
Net Debt	318	395	424	382	327	342	671	1,113	1,078	1,408	1,483
Capital Expenditures (CapEx)	25	31	26	25	36	64	20	25	19	24	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-163	-136	-309	-311	-387	-153	-151	-33	4.22	-673	-113
Debt-free Net Working Capital (DFNWC)	131	137	-12	-12	-101	144	153	294	276	-384	153
Net Working Capital (NWC)	106	87	-12	-12	-101	144	153	294	276	-394	-368
Net Nonoperating Expense (NNE)	9.01	27	29	23	80	-58	74	-13	40	93	96
Net Nonoperating Obligations (NNO)	318	395	424	382	327	342	671	1,113	1,078	1,408	1,483
Total Depreciation and Amortization (D&A)	77	84	87	87	87	78	120	123	122	137	141
Debt-free, Cash-free Net Working Capital to Revenue	-12.02%	-10.83%	-27.05%	-26.70%	-31.19%	-12.19%	-10.35%	-1.82%	0.22%	-32.07%	-4.91%
Debt-free Net Working Capital to Revenue	9.62%	10.95%	-1.05%	-1.06%	-8.17%	11.51%	10.47%	16.25%	14.30%	-18.33%	6.66%
Net Working Capital to Revenue	7.77%	6.96%	-1.05%	-1.06%	-8.17%	11.51%	10.47%	16.25%	14.30%	-18.78%	-16.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.36	$0.41	($0.48)	$0.05	$0.45	($0.23)	$1.13	$4.08	$2.67	$2.07	$3.14
Adjusted Weighted Average Basic Shares Outstanding	118.09M	114.78M	114.61M	115.52M	116.39M	117.72M	115.66M	116.84M	117.19M	118.34M	119.68M
Adjusted Diluted Earnings per Share	$1.34	$0.41	($0.48)	$0.05	$0.44	($0.23)	$1.12	$4.03	$2.65	$2.06	$3.12
Adjusted Weighted Average Diluted Shares Outstanding	119.98M	116.01M	114.61M	117.36M	118.16M	117.72M	116.27M	118.37M	118.23M	119.33M	120.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.23)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	116.00M	114.53M	115.60M	116.13M	118.68M	115.49M	116.66M	117.87M	117.47M	119.24M	120.13M
Normalized Net Operating Profit after Tax (NOPAT)	194	106	27	35	53	80	236	268	381	338	471
Normalized NOPAT Margin	14.27%	8.44%	2.41%	2.99%	4.31%	6.36%	16.20%	14.83%	19.72%	16.13%	20.50%
Pre Tax Income Margin	13.72%	2.11%	-5.89%	-0.12%	2.31%	1.62%	9.24%	21.68%	20.54%	15.86%	20.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	23.44	2.55	-1.36	0.97	1.69	1.47	2.76	8.76	8.32	3.57	4.92
NOPAT to Interest Expense	20.75	5.06	-0.87	0.69	3.16	-1.98	2.68	9.18	6.50	2.62	3.94
EBIT Less CapEx to Interest Expense	20.34	0.47	-2.24	0.37	0.82	-0.02	2.50	8.27	7.96	3.39	4.80
NOPAT Less CapEx to Interest Expense	17.65	2.98	-1.74	0.09	2.30	-3.48	2.41	8.69	6.14	2.43	3.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	140.40%	136.55%	0.00%	817.29%	2,115.91%	-418.77%	0.00%	6.29%	39.93%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from PTC's official financial filings.

Metric	Q1 2022	Q3 2022	Q4 2022	Q1 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	12/31/2022	6/30/2022	9/30/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.59%	6.15%	3.97%	18.45%	17.27%	1.48%	0.00%	-4.37%	2.71%	5.52%	24.16%
EBITDA Growth	14.15%	40.61%	-30.59%	36.33%	2.25%	16.98%	0.00%	-12.42%	-4.44%	21.96%	89.21%
EBIT Growth	15.58%	59.86%	-35.17%	79.33%	-1.90%	-1.35%	0.00%	-15.31%	-4.74%	26.80%	122.87%
NOPAT Growth	231.87%	-13.20%	-61.97%	85.48%	57.65%	-4.08%	0.00%	11.26%	10.76%	25.59%	56.07%
Net Income Growth	219.09%	37.64%	-73.41%	37.79%	-12.88%	4.54%	0.00%	12.35%	23.87%	42.12%	104.89%
EPS Growth	215.00%	39.53%	-73.39%	35.90%	-15.00%	3.77%	0.00%	11.76%	23.64%	42.11%	105.26%
Operating Cash Flow Growth	21.07%	32.64%	-15.05%	0.00%	44.92%	0.00%	0.00%	26.34%	27.27%	12.20%	14.09%
Free Cash Flow Firm Growth	-5,756.56%	51.65%	82.52%	-3.86%	-262.79%	478.45%	0.00%	114.73%	-192.70%	0.00%	-5.74%
Invested Capital Growth	61.42%	14.86%	7.08%	40.77%	43.42%	0.00%	0.00%	-2.08%	0.00%	-3.39%	-0.68%
Revenue Q/Q Growth	-3.07%	-8.46%	8.06%	6.74%	0.00%	0.00%	0.00%	-14.00%	0.00%	12.61%	1.19%
EBITDA Q/Q Growth	-37.57%	-1.55%	2.44%	-27.22%	0.00%	0.00%	0.00%	-30.78%	0.00%	73.57%	-4.88%
EBIT Q/Q Growth	-43.64%	-1.10%	3.24%	-19.70%	0.00%	0.00%	0.00%	-46.34%	0.00%	95.18%	-5.68%
NOPAT Q/Q Growth	-54.22%	-59.43%	35.29%	-15.47%	0.00%	0.00%	0.00%	-30.42%	0.00%	73.64%	-13.53%
Net Income Q/Q Growth	-74.39%	-21.41%	10.52%	-40.56%	0.00%	0.00%	0.00%	-39.73%	0.00%	97.79%	-13.11%
EPS Q/Q Growth	-74.60%	-21.05%	10.00%	-41.11%	0.00%	0.00%	0.00%	-40.00%	0.00%	98.53%	-13.33%
Operating Cash Flow Q/Q Growth	203.91%	17.78%	-67.03%	0.00%	0.00%	276.42%	0.00%	0.00%	143.01%	17.98%	-13.29%
Free Cash Flow Firm Q/Q Growth	-40.97%	-407.19%	59.71%	-1,064.82%	0.00%	0.00%	0.00%	0.00%	0.00%	107.51%	-45.22%
Invested Capital Q/Q Growth	6.75%	7.14%	3.51%	40.34%	0.00%	0.00%	0.00%	-2.59%	0.00%	-0.80%	0.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.44%	77.95%	81.02%	79.06%	78.64%	80.00%	81.75%	78.42%	80.22%	83.30%	82.91%
EBITDA Margin	28.70%	31.38%	29.75%	24.58%	27.36%	28.33%	31.13%	25.06%	26.36%	40.63%	38.19%
Operating Margin	22.52%	17.29%	20.67%	22.60%	20.26%	21.58%	29.77%	18.48%	20.44%	35.12%	32.59%
EBIT Margin	22.06%	24.77%	23.66%	22.61%	20.72%	21.98%	29.40%	18.35%	20.39%	35.33%	32.93%
Profit (Net Income) Margin	16.11%	15.24%	15.59%	11.71%	11.32%	12.07%	18.98%	13.30%	14.55%	25.56%	21.95%
Tax Burden Percent	86.82%	69.93%	73.25%	78.33%	80.23%	77.56%	78.52%	102.38%	88.28%	79.24%	72.97%
Interest Burden Percent	84.08%	87.99%	89.93%	66.13%	68.11%	70.78%	82.19%	70.80%	80.86%	91.28%	91.32%
Effective Tax Rate	13.18%	30.07%	26.75%	21.67%	19.77%	22.44%	21.48%	-2.38%	11.72%	20.76%	27.03%
Return on Invested Capital (ROIC)	13.23%	7.56%	8.97%	8.82%	0.00%	0.00%	0.00%	0.00%	18.24%	14.13%	12.88%
ROIC Less NNEP Spread (ROIC-NNEP)	11.17%	8.87%	9.17%	6.78%	0.00%	0.00%	0.00%	0.00%	15.31%	13.14%	11.98%
Return on Net Nonoperating Assets (RNNOA)	4.45%	5.06%	4.64%	4.38%	0.00%	0.00%	0.00%	0.00%	6.39%	6.04%	4.77%
Return on Equity (ROE)	17.68%	12.63%	13.61%	13.20%	0.00%	0.00%	0.00%	0.00%	24.63%	20.18%	17.65%
Cash Return on Invested Capital (CROIC)	-27.86%	2.05%	3.97%	-24.07%	0.00%	0.00%	0.00%	0.00%	-178.97%	0.00%	0.00%
Operating Return on Assets (OROA)	9.87%	10.71%	9.95%	8.22%	0.00%	0.00%	0.00%	0.00%	7.76%	13.41%	13.18%
Return on Assets (ROA)	7.20%	6.59%	6.55%	4.26%	0.00%	0.00%	0.00%	0.00%	5.54%	9.70%	8.78%
Return on Common Equity (ROCE)	17.68%	12.63%	13.61%	13.20%	0.00%	0.00%	0.00%	0.00%	24.63%	20.18%	17.65%
Return on Equity Simple (ROE_SIMPLE)	22.01%	23.14%	0.00%	13.12%	0.00%	0.00%	0.00%	0.00%	12.14%	13.00%	0.00%
Net Operating Profit after Tax (NOPAT)	91	56	76	96	88	92	141	98	102	177	153
NOPAT Margin	19.55%	12.09%	15.14%	17.70%	16.26%	16.73%	23.38%	18.92%	18.05%	27.83%	23.78%
Net Nonoperating Expense Percent (NNEP)	2.07%	-1.31%	-0.20%	2.04%	1.68%	0.00%	1.51%	1.60%	2.93%	0.99%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	2.43%	-	-	-	-	-	-	-	2.14%	3.71%	3.23%
Cost of Revenue to Revenue	20.56%	22.05%	18.98%	20.94%	21.36%	20.00%	18.25%	21.58%	19.78%	16.70%	17.09%
SG&A Expenses to Revenue	10.94%	11.81%	10.34%	12.16%	10.52%	12.58%	10.20%	9.57%	9.43%	8.64%	8.41%
R&D to Revenue	18.93%	19.06%	16.12%	18.51%	19.14%	19.23%	17.74%	21.26%	20.44%	17.45%	18.11%
Operating Expenses to Revenue	56.92%	60.65%	60.35%	56.46%	58.37%	58.43%	51.98%	59.95%	59.78%	48.19%	50.33%
Earnings before Interest and Taxes (EBIT)	103	115	118	123	112	121	177	95	115	225	212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	134	145	149	133	148	156	188	130	149	259	246
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.87	5.77	5.35	6.02	6.48	0.00	0.00	7.22	6.84	5.51	5.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.65	6.53	6.36	7.52	0.00	9.88	0.00	0.00	9.55	7.94	8.36
Price to Earnings (P/E)	26.68	24.92	39.25	45.89	0.00	83.69	0.00	0.00	56.32	42.34	40.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.75%	4.01%	2.55%	2.18%	0.00%	1.19%	0.00%	0.00%	1.78%	2.36%	2.48%
Enterprise Value to Invested Capital (EV/IC)	4.48	4.15	3.96	3.67	4.05	0.00	0.00	5.09	5.12	4.36	4.77
Enterprise Value to Revenue (EV/Rev)	8.17	7.10	6.91	8.61	0.00	0.00	0.00	0.00	10.13	8.44	8.78
Enterprise Value to EBITDA (EV/EBITDA)	25.91	22.40	23.31	32.03	0.00	0.00	0.00	0.00	32.41	25.72	24.51
Enterprise Value to EBIT (EV/EBIT)	33.03	28.15	29.61	34.38	0.00	0.00	0.00	0.00	40.21	31.41	29.04
Enterprise Value to NOPAT (EV/NOPAT)	28.90	27.96	37.89	43.80	0.00	0.00	0.00	0.00	48.69	38.33	37.75
Enterprise Value to Operating Cash Flow (EV/OCF)	38.35	30.63	30.70	0.00	31.55	0.00	0.00	33.23	29.26	23.81	25.19
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	216.50	103.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.66	0.59	1.01	0.91	0.00	0.68	0.60	0.48	0.41	0.35
Long-Term Debt to Equity	0.56	0.66	0.59	0.76	0.67	0.00	0.51	0.43	0.32	0.40	0.34
Financial Leverage	0.40	0.57	0.51	0.65	0.67	0.00	0.60	0.65	0.42	0.46	0.40
Leverage Ratio	2.12	2.27	2.12	2.26	2.27	0.00	2.11	2.20	1.88	1.95	1.89
Compound Leverage Factor	1.78	2.00	1.91	1.49	1.55	0.00	1.73	1.56	1.52	1.78	1.73
Debt to Total Capital	36.01%	39.78%	37.04%	50.19%	47.58%	0.00%	40.53%	37.53%	32.34%	29.09%	25.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	12.26%	12.51%	0.00%	10.40%	10.74%	10.99%	0.52%	0.53%
Long-Term Debt to Total Capital	36.01%	39.78%	37.04%	37.93%	35.07%	0.00%	30.13%	26.80%	21.35%	28.57%	25.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	63.99%	60.22%	62.96%	49.81%	52.42%	0.00%	59.47%	62.47%	67.66%	70.91%	74.01%
Debt to EBITDA	2.32	2.36	2.36	4.68	0.00	0.00	0.00	0.00	2.14	1.81	1.39
Net Debt to EBITDA	1.66	1.82	1.88	4.09	0.00	0.00	0.00	0.00	1.86	1.50	1.17
Long-Term Debt to EBITDA	2.32	2.36	2.36	3.53	0.00	0.00	0.00	0.00	1.41	1.77	1.36
Debt to NOPAT	2.59	2.94	3.83	6.39	0.00	0.00	0.00	0.00	3.21	2.69	2.15
Net Debt to NOPAT	1.85	2.28	3.06	5.59	0.00	0.00	0.00	0.00	2.80	2.23	1.80
Long-Term Debt to NOPAT	2.59	2.94	3.83	4.83	0.00	0.00	0.00	0.00	2.12	2.64	2.10
Altman Z-Score	4.31	3.78	3.87	2.90	0.00	0.00	0.00	0.00	5.34	4.89	5.44
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.23	1.35	0.73	0.68	0.00	0.76	0.70	0.69	0.99	0.89
Quick Ratio	1.21	1.03	1.15	0.60	0.56	0.00	0.63	0.59	0.57	0.83	0.74
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,189	-366	-147	-1,276	-1,327	4,828	0.00	195	-4,475	336	184
Operating Cash Flow to CapEx	4,096.85%	2,612.80%	404.53%	0.00%	3,327.89%	4,105.65%	0.00%	13,044.48%	8,616.88%	10,018.13%	12,926.76%
Free Cash Flow to Firm to Interest Expense	-72.68	-26.59	-12.37	-30.72	-37.04	136.64	0.00	7.03	-202.99	17.15	10.01
Operating Cash Flow to Interest Expense	8.42	8.49	3.23	0.00	4.72	5.30	0.00	7.69	10.81	14.35	13.25
Operating Cash Flow Less CapEx to Interest Expense	8.21	8.16	2.43	0.00	4.58	5.17	0.00	7.64	10.69	14.20	13.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.43	0.42	0.36	0.00	0.00	0.00	0.00	0.38	0.38	0.40
Accounts Receivable Turnover	3.77	4.21	3.28	3.35	0.00	0.00	0.00	0.00	3.33	3.30	3.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.07	20.67	19.50	21.56	0.00	0.00	0.00	0.00	32.55	31.32	34.66
Accounts Payable Turnover	11.02	19.55	10.50	10.55	0.00	0.00	0.00	0.00	21.59	31.47	15.79
Days Sales Outstanding (DSO)	96.78	86.77	111.16	108.99	0.00	0.00	0.00	0.00	109.62	110.60	102.45
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	33.13	18.67	34.77	34.61	0.00	0.00	0.00	0.00	16.91	11.60	23.12
Cash Conversion Cycle (CCC)	63.65	68.11	76.39	74.39	0.00	0.00	0.00	0.00	92.72	99.00	79.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,364	3,260	3,374	4,736	4,675	0.00	4,700	4,578	4,577	4,541	4,547
Invested Capital Turnover	0.68	0.63	0.59	0.50	0.00	0.00	0.00	0.00	1.01	0.51	0.54
Increase / (Decrease) in Invested Capital	1,280	422	223	1,372	1,416	-4,736	0.00	-97	4,577	-159	-31
Enterprise Value (EV)	15,065	13,542	13,365	17,382	18,918	0.00	0.00	23,317	23,436	19,798	21,706
Market Capitalization	14,101	12,439	12,287	15,165	16,842	20,791	0.00	21,754	22,088	18,644	20,672
Book Value per Share	$20.44	$18.44	$19.55	$21.30	$21.96	$0.00	$24.61	$25.18	$26.89	$28.14	$29.29
Tangible Book Value per Share	($3.08)	($5.34)	($3.75)	($15.47)	($14.68)	$0.00	($12.00)	($11.17)	($8.87)	($7.59)	($6.91)
Total Capital	3,752	3,582	3,647	5,056	4,957	0.00	4,949	4,826	4,774	4,776	4,746
Total Debt	1,351	1,425	1,351	2,538	2,358	0.00	2,006	1,811	1,544	1,389	1,233
Total Long-Term Debt	1,351	1,425	1,351	1,918	1,738	0.00	1,491	1,293	1,019	1,364	1,208
Net Debt	964	1,103	1,078	2,217	2,077	0.00	1,757	1,563	1,348	1,154	1,034
Capital Expenditures (CapEx)	3.36	4.47	9.52	0.00	5.09	4.56	0.00	1.64	2.77	2.81	1.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-48	-144	4.22	-127	-170	0.00	-97	-207	-148	-224	-311
Debt-free Net Working Capital (DFNWC)	340	179	276	193	112	0.00	152	41	48	12	-112
Net Working Capital (NWC)	340	179	276	-427	-508	0.00	-362	-477	-477	-13	-137
Net Nonoperating Expense (NNE)	16	-15	-2.22	32	27	26	27	29	20	14	12
Net Nonoperating Obligations (NNO)	964	1,103	1,078	2,217	2,077	0.00	1,757	1,563	1,348	1,154	1,034
Total Depreciation and Amortization (D&A)	31	31	30	11	36	35	10	35	34	34	34
Debt-free, Cash-free Net Working Capital to Revenue	-2.58%	-7.53%	0.22%	-6.30%	0.00%	0.00%	0.00%	0.00%	-6.41%	-9.53%	-12.60%
Debt-free Net Working Capital to Revenue	18.44%	9.38%	14.30%	9.58%	0.00%	0.00%	0.00%	0.00%	2.07%	0.49%	-4.53%
Net Working Capital to Revenue	18.44%	9.38%	14.30%	-21.14%	0.00%	0.00%	0.00%	0.00%	-20.61%	-0.57%	-5.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.64	$0.60	$0.66	$0.54	$0.52	$0.00	$0.96	$0.58	$0.68	$1.35	$1.18
Adjusted Weighted Average Basic Shares Outstanding	117.82M	117.07M	117.19M	118.26M	118.48M	0.00	119.59M	119.89M	120.24M	120.18M	119.91M
Adjusted Diluted Earnings per Share	$0.63	$0.60	$0.66	$0.53	$0.51	$0.00	$0.95	$0.57	$0.68	$1.35	$1.17
Adjusted Weighted Average Diluted Shares Outstanding	118.79M	117.97M	118.23M	119.04M	119.39M	0.00	120.71M	120.82M	121.15M	120.85M	120.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	118.26M	117.47M	117.47M	118.35M	118.83M	0.00	119.74M	120.14M	120.32M	119.95M	119.79M
Normalized Net Operating Profit after Tax (NOPAT)	91	59	100	96	88	91	141	67	102	180	153
Normalized NOPAT Margin	19.49%	12.77%	20.08%	17.70%	16.25%	16.62%	23.38%	12.93%	18.05%	28.35%	23.78%
Pre Tax Income Margin	18.55%	21.79%	21.28%	14.95%	14.11%	15.56%	24.17%	12.99%	16.48%	32.25%	30.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.28	8.33	9.93	2.95	3.14	3.42	5.61	3.42	5.23	11.47	11.52
NOPAT to Interest Expense	5.57	4.07	6.35	2.31	2.46	2.61	4.46	3.53	4.63	9.03	8.32
EBIT Less CapEx to Interest Expense	6.08	8.00	9.13	0.00	2.99	3.29	0.00	3.37	5.10	11.33	11.42
NOPAT Less CapEx to Interest Expense	5.36	3.74	5.55	0.00	2.32	2.48	0.00	3.47	4.50	8.89	8.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	28.34%	31.05%	39.93%	0.00%	0.00%	0.00%	0.00%	0.00%	19.12%	34.06%	43.88%

Key Financial Trends

PTC Inc. (NASDAQ: PTC) has shown steady financial performance over the last four years, with notable trends in revenue growth, profitability, cash flows, and balance sheet strength.

Revenue Growth: Operating revenue has increased from approximately $462 million in Q3 2022 to $644 million in Q3 2025, reflecting a consistent upward trend in top-line performance.
Profitability Improvement: Net income rose from $61 million in Q3 2022 to $141 million in Q3 2025, more than doubling over the period, indicating improved operational efficiency and profitability.
Gross Profit Expansion: Gross profit increased alongside revenue, from about $360 million in Q3 2022 to $534 million in Q3 2025, maintaining a healthy gross margin.
Strong Operating Cash Flows: Net cash from continuing operating activities grew from approximately $117 million in Q3 2022 to $244 million in Q3 2025, reflecting strong cash generation capacity to support operations and investments.
Consistent R&D and Marketing Investment: PTC has consistently invested over $100 million quarterly in research and development and substantial marketing expenses, which supports future growth and innovation.
Debt Management: The company actively repaid debt, with net repayments visible in recent quarters, indicating focus on reducing leverage.
Increasing Goodwill and Intangibles: Goodwill and intangible assets have increased, suggesting acquisitions or investments in intellectual property, which may present integration and valuation risks but could drive growth if managed well.
Share Repurchases: Regular repurchase of common equity occurred each quarter, approximately $75 million in many quarters, which can enhance shareholder value but also uses significant cash.
Rising Total Liabilities: Total liabilities grew from about $2.3 billion in Q1 2022 to $2.7 billion in Q3 2025, driven partially by long-term debt increases, which may increase financial risk if not managed prudently.
Volatile Net Cash Position: Cash and equivalents fluctuated, with some quarters showing negative net changes in cash, reflecting trading cash flows and financing activities that could affect liquidity.

Summary: Overall, PTC's financial statements depict a company with solid growth in revenue and profitability, supported by strong cash flows and disciplined debt repayments. Continued investment in innovation and marketing positions PTC well for future growth. However, investors should watch the increasing liabilities and goodwill for potential risks associated with acquisitions and leverage. The consistent share repurchase program indicates management confidence but also impacts cash reserves.

08/20/25 05:49 PMAI Generated. May Contain Errors.

Frequently Asked Questions About PTC's Financials

When does PTC's financial year end?

According to the most recent income statement we have on file, PTC's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has PTC's net income changed over the last 10 years?

PTC's net income appears to be on an upward trend, with a most recent value of $376.33 million in 2024, rising from $160.19 million in 2014. The previous period was $245.54 million in 2023. Check out PTC's forecast to explore projected trends and price targets.

What is PTC's operating income?

PTC's total operating income in 2024 was $588.06 million, based on the following breakdown:

Total Gross Profit: $1.85 billion
Total Operating Expenses: $1.27 billion

How has PTC's revenue changed over the last 10 years?

Over the last 10 years, PTC's total revenue changed from $1.36 billion in 2014 to $2.30 billion in 2024, a change of 69.4%.

How much debt does PTC have?

PTC's total liabilities were at $3.17 billion at the end of 2024, a 12.2% decrease from 2023, and a 135.4% increase since 2014.

How much cash does PTC have?

In the past 10 years, PTC's cash and equivalents has ranged from $259.95 million in 2018 to $326.53 million in 2021, and is currently $265.81 million as of their latest financial filing in 2024.

How has PTC's book value per share changed over the last 10 years?

Over the last 10 years, PTC's book value per share changed from 7.28 in 2014 to 26.76 in 2024, a change of 267.6%.

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This page (NASDAQ:PTC) was last updated on 8/20/2025 by MarketBeat.com Staff

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PTC (PTC) Financials

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