PTC (PTC) stock
Information Technology · Application Software
PTC (PTC) is an Application Software company in the Information Technology sector, headquartered in Boston, Massachusetts. As of October 23, 2026, PTC closed at $193.80, a market capitalization of $21.05 billion, the 397th largest company in the S&P 500. Over the last twelve months it generated $2.95 billion in revenue (-7% year over year) and $935.48 million in free cash flow. The stock trades at 18.8x trailing earnings and 21.7x forward earnings.
- 1-year total return: -5.3% (dividends reinvested)
- 5-year return: +8.6% a year
- 52-week range: $108.50 – $206.67
- Gross margin 84.5%, operating margin 28.2%
- FI Handbook report card: B- across 10 metrics
- 64th largest of 75 Information Technology stocks in the S&P 500
PTC price chart
1Y price change: -5.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PTC | +38.0% | +11.2% | -5.3% | +12.5% | +8.6% | +15.4% | +13.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1989.
PTC key statistics
- Market cap
- $21.1B
- #397 in S&P 500
- P/E (TTM)
- 18.8x
- Forward P/E
- 21.7x
- EPS (TTM)
- $10.31
- Revenue (TTM)
- $3.0B
- -7%
- Free cash flow
- $935.5M
- Gross margin
- 84.5%
- Operating margin
- 28.2%
- Return on equity
- 35.1%
- Dividend yield
- None
- 52-week range
- $108.50 – $206.67
- Beta
- 0.99
- Price / sales
- 7.1x
- EV / EBITDA
- 17.5x
- Debt / equity
- 0.46x
- Employees
- 7,000
PTC report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-6.8%F
- Gross margin84.5%A
- Operating margin28.2%B
- FCF margin31.7%A
- Return on equity35.1%A
- Net debt / EBITDA1.0xB
- Forward P/E21.7xC
- PEG ratio1.3xB
- Shareholder yield1.4%D
- Share count change / yr0.8%D
PTC financials
Revenue went from $1.1B in fiscal 2016 to $2.7B in fiscal 2025, growing 10.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.3B | $1.5B | $1.8B | $1.9B | $2.1B | $2.3B | $2.7B |
| Gross profit | $814.9M | $835.5M | $915.3M | $930.3M | $1.1B | $1.4B | $1.5B | $1.7B | $1.9B | $2.3B |
| Operating income | -$37.0M | $41.8M | $72.6M | $63.0M | $210.9M | $380.7M | $447.4M | $458.5M | $588.1M | $982.4M |
| Net income | -$54.5M | $6.2M | $52.0M | -$27.5M | $130.7M | $476.9M | $313.1M | $245.5M | $376.3M | $734.0M |
| EPS (diluted) | $-0.48 | $0.05 | $0.44 | $-0.23 | $1.12 | $4.03 | $2.65 | $2.06 | $3.12 | $6.08 |
| Free cash flow | $157.1M | $109.8M | $211.7M | $220.7M | $213.6M | $344.1M | $415.8M | $587.0M | $735.6M | $856.7M |
| Buybacks | $0 | $51.0M | $1.1B | $115.0M | $0 | $30.0M | $125.0M | $0 | $0 | $300.0M |
| Diluted shares | 114.6M | 117.4M | 118.2M | 117.7M | 116.3M | 118.4M | 118.2M | 119.3M | 120.7M | 120.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PTC?
A reverse DCF asks what growth the current price requires. With an enterprise value of $22.3B and $935.5M of trailing free cash flow, PTC needs to grow free cash flow about 15.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 32.0% a year over the last five years.
P/E ratio history
Current 31.9x vs. median 58.5x (10th–90th percentile 24.7x–190.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PTC analyst price targets
15 analysts' average 12-month target is $201.00 (+4% vs. $193.80). Targets range from $170.00 to $205.00. 6% rate it a buy.
PTC earnings
Next report: November 4, 2026. PTC has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $600.0M (-7% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $1.56 | $1.58 | +1.0% |
| May 6, 2026 | $2.10 | $2.69 | +27.9% |
| Feb 4, 2026 | $1.56 | $1.92 | +22.8% |
| Nov 5, 2025 | $2.27 | $3.47 | +52.7% |
| Jul 30, 2025 | $1.21 | $1.64 | +35.3% |
| Apr 30, 2025 | $1.40 | $1.79 | +27.6% |
| Feb 5, 2025 | $0.89 | $1.10 | +23.8% |
| Nov 6, 2024 | $1.46 | $1.54 | +5.7% |
Stocks like PTC
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|---|---|---|---|---|---|
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 ADBE Adobe | -2.49% | -26% | $102.7B | 14.7x | Compare |
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PTC news
- PTC Launches PTC Jetstream to Make Enterprise Collaboration a Connected Part of the Product Development Lifecycle · Oct 21, 2026
- PTC's Q4 2026 Earnings: What to Expect · Oct 21, 2026
- /C O R R E C T I O N - PTC Inc./ · Oct 19, 2026
- PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026 · Oct 19, 2026
- Autodesk (ADSK) vs. PTC and TRMB: Can Cloud and AI Investments Drive Faster Earnings Growth? · Oct 14, 2026
PTC stock FAQ
What is PTC's market cap?
PTC's market capitalization is $21.05 billion as of October 23, 2026, ranking 397th in the S&P 500.
What is PTC's P/E ratio?
PTC trades at a trailing price-to-earnings ratio of 18.8x and a forward P/E of 21.7x. Its median P/E over the period we track is 58.5x.
Does PTC pay a dividend?
No. PTC does not currently pay a regular cash dividend.
How much has PTC stock returned?
Including reinvested dividends, PTC returned -5.3% over one year, +8.6% a year over five years, +15.4% a year over ten years through October 23, 2026.
Is PTC stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies PTC must grow free cash flow about 15% a year for the next decade. Its free cash flow grew 32% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PTC price target?
15 analysts cover PTC with an average 12-month price target of $201.00, +4% from the current price. 6% of them rate it a buy.
When does PTC report earnings?
PTC is expected to report earnings on November 4, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does PTC have?
PTC has about 7,000 full-time employees, or $421,996 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology