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PTC Inc.
NASDAQ: PTC Technology IT 🔎 Screen
S&P 500
$16.1B
Market Cap
33.4
P/E
1.52
PEG
15.8%
ROCE
20.9%
ROE
0.35
D/E
35.9%
OPM
-34.7%
% from 52W High
30
α RS
🔍 PTC is showing a high-conviction setup because it matches 23 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and consistent_compounders preset's Backtest win rate is 57.3% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction RRG Backtest
Sources
Conviction 23/39 · Technology in Leading quadrant · Backtest win rate 57.3%
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🌏 Global Investor Returns
Currency-adjusted total returns for PTC including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

PTC Inc. operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, field service, and end-of-life processes; ThingWorx, an Industrial Internet of Things software; ServiceMax, a service lifecycle management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools, and deliver metrics; and Arena, a SaaS PLM solution enables product teams to collaborate virtually to share product and quality information with internal teams and supply chain partners and deliver products to customers. It offers Codebeamer, an application lifecycle management for products and software development; Servigistics, a service parts management solution; and FlexPLM, a platform for merchandising and line planning, materials management, sampling, and others. In addition, it offers Kepware, an enterprise industrial connectivity solution; Kepware Edge, a Linux-based industrial communications platform; KEPServerEX, an industrial connectivity solution for small projects; Creo, a 3D CAD technology enables the digital design, testing, and modification of product models; and Onshape, a SaaS product development platform that delivers computer-aided design with data management, collaboration tools, and real-time analytics. Further, it offers Vuforia, an augmented reality (AR) software; and Arbortext, a dynamic publishing solution streamlines how organizations create, manage, and publish technical documentation. Additionally, the company provides PTC Products; PTC Mathcad; and augmented reality product. PTC Inc. was incorporated in 1985 and is headquartered in Boston, Massachusetts.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding PTC
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 389.1K $55.4M 0.09% Mar 2026
Cathie Wood ARK Investment Management 19.6K $2.8M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED PTC delivered Q2 constant currency ARR growth of 8.5% and FCF growth of 14%.
Revenue & Profitability
Q2 constant currency ARR growth 8.5% YoY to $2.388B. Free cash flow grew 14% YoY in Q2. FY2026 FCF guidance $850M ($950M baseline excluding non-recurring items). FY2026 revenue guidance raised to $2.580-$2.820B and non-GAAP EPS guidance $6.65-$8.90. Q2 revenue and EPS benefited from longer-duration renewals.
Outlook
Management sees AI driving strong demand for product data modernization, with customers prioritizing preparation for AI. Despite macro uncertainty (war, energy prices), they are confident in execution and see a large, high-quality pipeline for H2. They expect Q3 net new ARR growth YoY and a significant step-up in Q4 due to deferred ARR.
Growth Drivers
Key growth levers include AI-driven modernization demand, displacement wins (e.g., Windchill+ at automotive supplier), strong verticals in electronics/high-tech and Federal/A&D, and growth in Onshape, Codebeamer, and ServiceMax. Deferred ARR buildup for 2027+ provides visibility. Europe grew 8% constant currency.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Not discussed in this earnings call.
Key Risks
Management flagged macro uncertainty, war, and elevated energy prices as potential headwinds. However, they expressed confidence in executing on factors within their control and de-risking the lower end of guidance. No other specific risks were discussed.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-07-29
Q3 delivered strong ARR and cash flow growth, with AI innovation driving record deals and customer adoption. Guidance for FY26 was raised across ARR, revenue, and EPS, while share repurchases accelerated. Execution risk and divestiture impacts remain key considerations.
Q2 2026 Q2 2026 2026-05-06
Q2 saw 8.5% ARR growth and 14% free cash flow growth, both above guidance, with strong AI-driven demand and a focused portfolio post-divestiture. Fiscal 2026 guidance was raised, and a new $2B share repurchase program was authorized.
Q1 2026 Q1 2026 2026-02-04
Q1 2026 saw 9% ARR growth (excluding divestitures), 13% free cash flow growth, and record deferred ARR, with strong SaaS and AI momentum. FY26 guidance was raised for revenue and EPS, and large share repurchases are planned.
Q4 2025 Q4 2025 2025-11-05
Announced divestiture of Kepware and ThingWorx to TPG, focusing on core SaaS and AI-driven product lifecycle solutions. Q4 saw 8.5% ARR growth and 16% free cash flow growth year-over-year, with strong deal execution and record deferred ARR. Fiscal 2026 guidance targets 7%-9% ARR growth and $1B free cash flow.
Q3 2025 Q3 2025 2025-07-30
Q3 saw 9.3% ARR and 14% free cash flow growth year-over-year, with strong execution in go-to-market transformation and AI-driven product enhancements. Guidance for fiscal 2025 was raised, and the company remains confident in its pipeline and capital allocation strategy.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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No Investment Recommendation:
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Information Sources:
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