PTC Inc. (PTC) Stock

PTC Inc. (PTC) is a Technology stock trading at $153.53 (as of 2026-08-20), with a market capitalization of $16.66B and a trailing P/E of 13.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PTC Inc. provides software and related services through two segments, Software Products and Professional Services. Its offerings include the ThingWorx platform, Vuforia AR and visualization tools, Onshape, Arena, Creo, Windchill, Integrity, Servigistics, and professional services for implementation and training for customers in multiple regions.

Understand PTC Inc.: how it makes money

PTC sells industrial software and related services, including the ThingWorx platform and Vuforia, and it makes money through recurring support and cloud services and through software license revenue, with professional services also contributing.

PTC's profit engine is its recurring revenue base, tracked as Annual Recurring Revenue (ARR), supported by substantial support and cloud services revenue (within Software Products).

Revenue by segment (latest quarter)
Software Products$0.7B
Professional Services$0.0B

Business quality (Exceptional): Strong recurring-revenue focus (ARR) and high profitability (85.3% gross margin, 38.2% operating margin), with the main operating metric investors track being constant currency ARR.

Valuation: Trades at 11× trailing earnings · $13B market cap.

Bull case

  • Recurring revenue focus: PTC tracks Constant currency Annual Recurring Revenue, indicating an operating model built around recurring software monetization.
  • High profitability: Reported gross margin is 85.3% and operating margin is 38.2%, supported by the software and services mix.
  • Product platform coverage: The company offers ThingWorx for digitally transforming enterprise activities and Vuforia for visualizing digital information in a physical context.

Bear case

  • Mix and customer demand risk: If enterprise adoption or expansion of ThingWorx and Vuforia slows, ARR growth and related license and support revenue could be pressured.
  • Sensitivity to FX (constant currency metrics): Several investor-reported KPIs emphasize constant currency, which implies reported results can differ from underlying performance due to currency effects.
  • Smaller contribution from professional services: Professional services revenue is relatively small versus software revenue lines, limiting its ability to offset weakness elsewhere.
Valuation — source: SEC EDGAR (first-party)
Price$153.53
Market Cap$16.66B
P/E Ratio13.6
EV / EBITDA14.6
Price / Book4.80
Price / Sales5.64
FCF Yield5.6%
DCF Value (model)$94.63
DCF Upside vs Price-38.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.74B
Net Margin26.8%
Revenue Growth (YoY)-6.8%
EPS Growth (YoY)-11.9%
FCF Growth (YoY)3.0%
Financial Health — source: SEC EDGAR
Altman Z-Score5.32 (safe)
Piotroski F-Score9/9 (strong)
Valuation vs Sector & Industry
Stock P/E13.6
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-59.9%
vs Industry-54.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderT. Rowe Price Investment Management, Inc. ($2.72B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEONeil Barua
Employees7,512
CountryUS
IPO Date1989-12-08

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PTC earnings history · PTC institutional & insider holders · PTC KPIs & operating metrics · PTC financials · PTC investor presentations & press releases · PTC SEC filings · PTC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.