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PTC Inc PTC

PTC Inc scores excellent on business quality (7.6 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$194.45Oct 10, 2026
Business qualityExcellent
Next earningsNov 4, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What PTC Inc does

    PTC sells computer-aided design and product lifecycle management software. Industrial manufacturers pay subscription fees to design and manage physical products digitally. The company is expanding its software lines to capture more digital engineering budgets, driving revenue to $2.9B.

  2. What it does best

    PTC locks engineers into its CAD and PLM software ecosystems, producing an 84.5% gross margin. This ranks in the top decile of its sector at 92nd percentile. Switching enterprise design suites disrupts entire manufacturing supply chains, making replacement nearly impossible.

  3. The main risk

    Debt of $1.2B creates ongoing pressure if software demand softens. Net debt sits at $1.0B, leaving limited room for operational missteps during macro downturns.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin hits 39.8% with an FCF margin in the top quartile at 84th percentile. This expands as software scales.

MoatFair

Switching costs anchor its software ecosystem for enterprise developers. Gross margin sits in the top decile of its sector at the 92nd percentile, shielding pricing power.

GrowthFast

Revenue grew 19.2% to $2.9B, accelerating from prior years as digital engineering demand expands across industrial sectors.

Financial healthStrong

Debt-to-equity of 0.3x and interest coverage of 18.0x keep debt costs manageable. Free cash flow reached $935.0M, getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on PTC

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is PTC a good business?

PTC Inc scores excellent on the Cluenex quality check (7.6 of 10), measured against its own industry. Profitability is strong, moat fair, growth fast and financial health strong.

Are insiders buying PTC?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does PTC report earnings?

Nov 4, 2026, after the close.

For members

See PTC today

  • Today's verdict on PTC, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “PTC Inc (PTC)”, https://cluenex.com/stocks/ptc/, data as of Oct 10, 2026.