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

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $6.6B

Total liabilities $2.8B

Shareholders equity $3.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$184.4M -30.6%	$265.8M -7.7%	$288.1M 5.8%	$272.2M -16.6%	$326.5M
Accounts Receivable	$1.0B 16.1%	$862.0M 6.2%	$811.4M 27.5%	$636.6M 17.6%	$541.1M
Prepaid Expenses	$119.1M 15.7%	$102.9M 7.2%	$96.0M 8.1%	$88.9M 27.0%	$70.0M
Other Current Assets	$78.8M	—	—	—	—
Total Current Assets	$1.4B 6.5%	$1.3B 1.7%	$1.3B 19.5%	$1.1B -0.4%	$1.1B
Property,Plant and Equipment	$60.8M	—	—	—	—
Operating Lease Assets	$115.0M -13.8%	$133.3M -6.8%	$143.0M 3.8%	$137.8M -9.6%	$152.3M
Goodwill	$3.5B 0.9%	$3.5B 3.1%	$3.4B 42.7%	$2.4B 7.4%	$2.2B
Intangible Assets	$824.7M -8.1%	$897.5M -4.7%	$941.2M 145.9%	$382.7M 1.0%	$379.0M
Long Term Investments	$0	—	$2.0M 0.0%	$2.0M	$0
Deferred Tax Assets	$194.1M	—	—	—	—
Other Noncurrent Assets	$545.9M 52.7%	$357.6M 0.2%	$357.0M -8.5%	$390.3M 24.6%	$313.3M
Total Assets	$6.6B 3.7%	$6.4B 1.5%	$6.3B 34.2%	$4.7B 4.0%	$4.5B
Liabilities
Accounts Payable	$11.5M -52.5%	$24.2M -44.3%	$43.5M 8.3%	$40.2M 20.3%	$33.4M
Accrued Liabilities	$199.6M 14.8%	$173.8M 8.3%	$160.4M 54.2%	$104.0M -11.7%	$117.8M
Deferred Revenue	$812.3M 7.7%	$754.0M 13.3%	$665.4M 32.1%	$503.8M 4.5%	$482.1M
Current Portion of Long Term Debt	$25.0M	—	—	—	—
Operating Lease Liabilities	$24.2M 0.0%	$24.2M -2.2%	$24.7M 12.4%	$22.0M -21.0%	$27.9M
Total Current Liabilities	$1.2B -25.8%	$1.7B -0.2%	$1.7B 110.9%	$792.3M 1.7%	$779.3M
Long Term Debt	$1.2B -4.5%	$1.2B -27.2%	$1.7B 24.9%	$1.4B -6.2%	$1.4B
Deferred Revenue Noncurrent	$14.8M -30.3%	$21.2M 31.2%	$16.2M -2.2%	$16.6M 6.5%	$15.5M
Operating Lease Liabilities Noncurrent	$148.3M -5.9%	$157.6M -6.5%	$168.5M 0.5%	$167.6M -7.4%	$180.9M
Deferred Tax Liabilities	$30.2M -91.0%	$335.5M -5.5%	$355.2M 55.9%	$227.9M 8.9%	$209.2M
Other Noncurrent Liabilities	$187.9M 194.4%	$63.8M 60.3%	$39.8M 11.1%	$35.8M -27.9%	$49.7M
Total Liabilities	$2.8B -11.9%	$3.2B -12.2%	$3.6B 51.0%	$2.4B -3.2%	$2.5B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$1.2M -0.6%	$1.2M 1.2%	$1.2M 1.1%	$1.2M 0.3%	$1.2M
Additional Paid In Capital	$1.8B -7.3%	$2.0B 7.9%	$1.8B 5.8%	$1.7B 0.1%	$1.7B
Retained Earnings	$2.1B 54.4%	$1.3B 38.7%	$973.3M 33.7%	$727.7M 75.5%	$414.7M
Accumulated Other Comprehensive Income	$-81.2M 20.2%	$-101.7M 13.9%	$-118.1M 23.1%	$-153.5M -60.1%	$-95.9M
Total Stockholders Equity	$3.8B 19.0%	$3.2B 20.1%	$2.7B 16.6%	$2.3B 12.6%	$2.0B
Total Liabilitiesand Equity	$6.6B 3.7%	$6.4B 1.5%	$6.3B 34.2%	$4.7B 4.0%	$4.5B

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $2.7B

Operating income $982.4M

Net income $734.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$2.7B 19.2%	$2.3B 9.6%	$2.1B 8.5%	$1.9B 7.0%	$1.8B
Expenses Cost of Revenue	$445.0M 0.0%	$444.8M 0.9%	$441.0M 14.3%	$386.0M 4.0%	$371.1M
Expenses Research and Development	$457.7M 5.7%	$433.0M 9.8%	$394.4M 16.4%	$338.8M 13.0%	$299.9M
Expenses Selling,General and Administrative	$226.1M	—	—	—	—
Expenses Depreciation and Amortization	$102.5M -5.2%	$108.1M 3.2%	$104.8M 19.5%	$87.7M 2.9%	$85.2M
Expenses Share Based Compensation	$216.2M -3.2%	$223.5M 8.2%	$206.5M 18.1%	$174.9M -1.4%	$177.3M
Expenses Restructuring and Asset Impairment	$15.6M	—	—	—	—
Expenses Operating Expenses	$1.3B	—	—	—	—
Other Income Expense Gross Profit	$2.3B 23.8%	$1.9B 11.9%	$1.7B 7.0%	$1.5B 7.8%	$1.4B
Other Income Expense Operating Income	$982.4M 67.1%	$588.1M 28.3%	$458.5M 2.5%	$447.4M 17.5%	$380.7M
Other Income Expense Interest Expense	$77.0M -35.6%	$119.7M -7.5%	$129.4M 138.5%	$54.3M 7.5%	$50.5M
Other Income Expense Income Before Tax	$920.2M 96.2%	$469.0M 41.0%	$332.6M -16.3%	$397.1M 1.4%	$391.8M
Income Tax Income Tax Expense	$186.2M 101.0%	$92.6M 6.4%	$87.0M 3.6%	$84.0M 198.6%	$-85.2M
net Income net Income	$734.0M 95.0%	$376.3M 53.3%	$245.5M -21.6%	$313.1M -34.4%	$476.9M
net Income Comprehensive Income	$754.6M 92.1%	$392.7M 39.8%	$280.9M 10.0%	$255.5M -47.3%	$484.4M
Earnings Per Share Basic Eps	$6 94.9%	$3 51.7%	$2 -22.5%	$3 -34.6%	$4
Earnings Per Share Diluted Eps	$6 94.9%	$3 51.5%	$2 -22.3%	$3 -34.2%	$4
Earnings Per Share Weighted Average Shares Basic	$120.0M 0.3%	$119.7M 1.1%	$118.3M 1.0%	$117.2M 0.3%	$116.8M
Earnings Per Share Weighted Average Shares Diluted	$120.8M 0.0%	$120.7M 1.2%	$119.3M 0.9%	$118.2M -0.1%	$118.4M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $867.7M

Investing cash flow $-38.3M

Financing cash flow $-908.5M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$734.0M 95.0%	$376.3M 53.3%	$245.5M -21.6%	$313.1M -34.4%	$476.9M
Operating Activities Depreciation and Amortization	$102.5M -5.2%	$108.1M 3.2%	$104.8M 19.5%	$87.7M 2.9%	$85.2M
Operating Activities Stock Based Compensation	$216.2M	—	—	—	—
Operating Activities Deferred Income Taxes	$-26.3M 32.7%	$-39.0M -334.1%	$16.7M -61.2%	$43.0M 127.2%	$-158.1M
Operating Activities Changes In Operating Assets and Liabilities	$167.3M 19.0%	$140.6M -9.9%	$156.1M -39.2%	$256.6M 22.7%	$209.1M
Operating Activities net Cash From Operating Activities	$867.7M 15.7%	$750.0M 22.8%	$610.9M 40.3%	$435.3M 18.0%	$368.8M
Investing Activities Capital Expenditures	$11.0M -23.4%	$14.4M -39.6%	$23.8M 22.1%	$19.5M -21.1%	$24.7M
Investing Activities Business Acquisitions	$6.5M -93.0%	$93.5M -88.7%	$828.3M 192.7%	$282.9M -60.6%	$718.0M
Investing Activities Other Investing Activities	$0 100.0%	$-89.0K	$0 100.0%	$-3.4M	$0
Investing Activities net Cash From Investing Activities	$-38.3M 69.3%	$-124.8M 85.6%	$-866.1M -330.5%	$-201.2M 70.7%	$-687.9M
Financing Activities Proceeds From Debt	$860.0M -20.7%	$1.1B -29.6%	$1.5B	$0	$0
Financing Activities Repayment of Debt	$500.0M -51.9%	$1.0B -13.2%	$1.2B	$0	$0
Financing Activities Repurchase of Common Stock	$300.0M	$0	$0 -100.0%	$125.0M 316.7%	$30.0M
Financing Activities Proceeds From Stock Issuance	$26.1M	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	$80.2M -21.4%	$102.0M 23.7%	$82.4M 19.5%	$69.0M 30.3%	$53.0M
Financing Activities Other Financing Activities	$-239.0K	—	—	—	—
Financing Activities net Cash From Financing Activities	$-908.5M -39.6%	$-650.7M -342.5%	$268.3M 201.6%	$-264.1M -171.3%	$370.3M
Cash Reconciliation Effect of Exchange Rate On Cash	$185.0M	—	—	—	—
Cash Reconciliation net Change In Cash	$-81.5M -264.8%	$-22.3M -240.4%	$15.9M 129.4%	$-54.2M -206.0%	$51.1M
Cash Reconciliation Cash At Beginning of Period	$185.0M -30.4%	$265.8M -7.7%	$288.1M 5.8%	$272.2M -16.6%	$326.5M
Cash Reconciliation Cash At End of Period	$185.0M -30.4%	$265.8M -7.7%	$288.1M 5.8%	$272.2M -16.6%	$326.5M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+83.8%	+80.6%	+79.0%	+80.0%	+79.5%
Operating margin	+35.9%	+25.6%	+21.9%	+23.1%	+21.1%
Net margin	+26.8%	+16.4%	+11.7%	+16.2%	+26.4%
FCF margin	+31.3%	+32.0%	+28.0%	+21.5%	+19.0%
Growth
Revenue CAGR (3y)	+12.3%	+8.3%	+12.9%	+15.5%	+13.3%
Returns
ROE	+19.2%	+11.7%	+9.2%	+13.6%	+23.4%
ROA	+11.1%	+5.9%	+3.9%	+6.7%	+10.6%
ROIC	+16.2%	+11.3%	+8.3%	+10.5%	+12.1%
Liquidity
Current ratio	1.12x	0.78x	0.76x	1.35x	1.38x
Quick ratio	0.96x	0.68x	0.66x	1.15x	1.11x
Leverage
D/E	0.73x	0.99x	1.35x	1.04x	1.21x
Interest coverage	12.76x	4.91x	3.54x	8.24x	7.54x
Efficiency
Asset turnover	0.41x	0.36x	0.33x	0.41x	0.40x
Cash conversion cycle	—	—	—	—	—

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PTC Inc.

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