Reading the tape
NASDAQ: PTC
PTC Inc.
Technology · Software - Application
Market Cap
$16.36B
52w High
$219.69
52w Low
$130.89
P/E
20.05
Volume
424.20K
Outstanding Shares
119.00M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -14.81%Revenue (TTM): 23.62%FCF (TTM): 13.25%P/FCF: 0th pct
What changed
The stock fell 14.81% over the last year. Revenue grew 23.62% over the trailing twelve months. Operating margin moved from 25.28% to 38.04%. Free cash flow grew 13.25% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 38.04%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific.
CEONeil Barua
SectorTechnology
IndustrySoftware - Application
Employees7,512
IPO dateDec 8, 1989
Valuation
Forward P/E—
EV/EBITDA22.56
Enterprise value$25.55B
Stock splits
Feb 28, 2006↓ Reverse
Every 5 shares became 2
Mar 9, 1998↑ Forward
Every 1 shares became 2
Mar 1, 1996↑ Forward
Every 1 shares became 2
Feb 26, 1993↑ Forward
Every 1 shares became 2
Feb 26, 1992↑ Forward
Every 1 shares became 2
Jun 28, 1991↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth21.36%
Gross margin84.23%▲3.85%vs FY2024
Operating margin38.04%▲40.17%vs FY2024
ROE19.18%▲63.85%vs FY2024
Analyst consensus
RatingBuy
Target price$194.80▲41.71%
20
Buy
10
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $2.06 · Revenue est $712.4M
View
Congressional Activity
Congress Trades in PTC
STOCK Act disclosures from senators and representatives.
Michael McCaul
TXhouseRepublicanSaleSpouse2026-03-04$1,001 - $15,000+37d to disclose