PTC Inc.

Information Technology Application Software Boston, Massachusetts Last filing Nov 21, 2025 · FY2025

                    Revenue
                    FY2025
                
$2.7B
                    3y CAGR +12.3%
                    
                    P70
                    
                    +19.2%
                    
                    Net income
                    FY2025
                
$734.0M
                    Net margin +26.8%
                    
                    P77
                    
                    +95.0%
                    
                    Total assets
                    FY2025
                
$6.6B
                    ROA +11.1%
                    
                    P65
                    
                    +3.7%
                    
                    Operating cash flow
                    FY2025
                
$867.7M
                    FCF margin +31.3%
                    
                    P83
                    
                    +15.7%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 3 years

Total assets $6.6B

Total liabilities $2.8B

Shareholders equity $3.8B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	2.8%	4.2%	4.6%
Accounts Receivable	15.1%	13.5%	12.9%
Prepaid Expenses	1.8%	1.6%	1.5%
Other Current Assets	1.2%	—	—
Total Current Assets	20.9%	20.3%	20.3%
Property,Plant and Equipment	0.9%	—	—
Operating Lease Assets	1.7%	2.1%	2.3%
Goodwill	52.8%	54.2%	53.4%
Intangible Assets	12.5%	14.1%	15.0%
Long Term Investments	0.0%	—	0.0%
Deferred Tax Assets	2.9%	—	—
Other Noncurrent Assets	8.3%	5.6%	5.7%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	0.2%	0.4%	0.7%
Accrued Liabilities	3.0%	2.7%	2.6%
Deferred Revenue	12.3%	11.8%	10.6%
Current Portion of Long Term Debt	0.4%	—	—
Operating Lease Liabilities	0.4%	0.4%	0.4%
Total Current Liabilities	18.7%	26.1%	26.6%
Long Term Debt	17.7%	19.2%	26.8%
Deferred Revenue Noncurrent	0.2%	0.3%	0.3%
Operating Lease Liabilities Noncurrent	2.2%	2.5%	2.7%
Deferred Tax Liabilities	0.5%	5.3%	5.6%
Other Noncurrent Liabilities	2.8%	1.0%	0.6%
Total Liabilities	42.2%	49.6%	57.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	27.5%	30.8%	29.0%
Retained Earnings	31.5%	21.1%	15.5%
Accumulated Other Comprehensive Income	-1.2%	-1.6%	-1.9%
Total Stockholders Equity	57.8%	50.4%	42.6%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $2.7B

Operating income $982.4M

Net income $734.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	41.4%	36.0%	33.3%
Expenses Cost of Revenue	6.7%	7.0%	7.0%
Expenses Research and Development	6.9%	6.8%	6.3%
Expenses Selling,General and Administrative	3.4%	—	—
Expenses Depreciation and Amortization	1.5%	1.7%	1.7%
Expenses Share Based Compensation	3.3%	3.5%	3.3%
Expenses Restructuring and Asset Impairment	0.2%	—	—
Expenses Operating Expenses	19.8%	—	—
Other Income Expense Gross Profit	34.7%	29.0%	26.3%
Other Income Expense Operating Income	14.8%	9.2%	7.3%
Other Income Expense Interest Expense	1.2%	1.9%	2.1%
Other Income Expense Income Before Tax	13.9%	7.3%	5.3%
Income Tax Income Tax Expense	2.8%	1.5%	1.4%
net Income net Income	11.1%	5.9%	3.9%
net Income Comprehensive Income	11.4%	6.2%	4.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.8%	1.9%	1.9%
Earnings Per Share Weighted Average Shares Diluted	1.8%	1.9%	1.9%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $867.7M

Investing cash flow $-38.3M

Financing cash flow $-908.5M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	11.1%	5.9%	3.9%
Operating Activities Depreciation and Amortization	1.5%	1.7%	1.7%
Operating Activities Stock Based Compensation	3.3%	—	—
Operating Activities Deferred Income Taxes	-0.4%	-0.6%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	2.5%	2.2%	2.5%
Operating Activities net Cash From Operating Activities	13.1%	11.7%	9.7%
Investing Activities Capital Expenditures	0.2%	0.2%	0.4%
Investing Activities Business Acquisitions	0.1%	1.5%	13.2%
Investing Activities Other Investing Activities	0.0%	-0.0%	0.0%
Investing Activities net Cash From Investing Activities	-0.6%	-2.0%	-13.8%
Financing Activities Proceeds From Debt	13.0%	17.0%	24.5%
Financing Activities Repayment of Debt	7.6%	16.3%	19.0%
Financing Activities Repurchase of Common Stock	4.5%	0.0%	0.0%
Financing Activities Proceeds From Stock Issuance	0.4%	—	—
Financing Activities Tax Withholding On Stock Based Compensation	1.2%	1.6%	1.3%
Financing Activities Other Financing Activities	-0.0%	—	—
Financing Activities net Cash From Financing Activities	-13.7%	-10.2%	4.3%
Cash Reconciliation Effect of Exchange Rate On Cash	2.8%	—	—
Cash Reconciliation net Change In Cash	-1.2%	-0.3%	0.3%
Cash Reconciliation Cash At Beginning of Period	2.8%	4.2%	4.6%
Cash Reconciliation Cash At End of Period	2.8%	4.2%	4.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+83.8%	+80.6%	+79.0%
Operating margin	+35.9%	+25.6%	+21.9%
Net margin	+26.8%	+16.4%	+11.7%
FCF margin	+31.3%	+32.0%	+28.0%
Growth
Revenue CAGR (3y)	+12.3%	+8.3%	+12.9%
Returns
ROE	+19.2%	+11.7%	+9.2%
ROA	+11.1%	+5.9%	+3.9%
ROIC	+16.2%	+11.3%	+8.3%
Liquidity
Current ratio	1.12x	0.78x	0.76x
Quick ratio	0.96x	0.68x	0.66x
Leverage
D/E	0.73x	0.99x	1.35x
Interest coverage	12.76x	4.91x	3.54x
Efficiency
Asset turnover	0.41x	0.36x	0.33x
Cash conversion cycle	—	—	—

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PTC Inc.

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