PTC Inc.'s Stock Analysis

PTC Reports Strong Q3 2025 Financial Performance and Guidance

PTC announced its financial results for the third fiscal quarter of 2025, which ended on June 30, 2025. The company reported a 22% year-over-year revenue growth on a constant currency basis and a 9.3% increase in Annual Recurring Revenue (ARR). Operating cash flow and free cash flow both grew by 14% year over year. PTC has raised its guidance for ARR, free cash flow, revenue, earnings per share (EPS), and non-GAAP EPS. The company also plans to continue share repurchases under its $2 billion authorization, having repurchased $75 million worth of its stock in Q3 2025.

Looking ahead, PTC expects constant currency ARR growth of 8% to 9% for the full fiscal year 2025 and projects approximately $850 million in free cash flow. The company anticipates that its cash collections will be predictable and is focused on maintaining low churn rates. PTC plans to complete a total of $300 million in share repurchases by the end of the fiscal year and aims to reduce its leverage ratio to approximately 1x through consistent debt paydown.

Jul 30, 2025 16:01:39

PTC Reports Q2 2025 Results with Updated Guidance

PTC announced its financial results for the second fiscal quarter of 2025, reporting a 10% year-over-year growth in Annual Recurring Revenue (ARR) and a 12% increase in operating cash flow. The company also saw a 13% rise in free cash flow, with total revenue reaching $636 million, marking a 6% increase from the previous year. PTC is continuing its share repurchase program, having bought back $75 million of its stock in the quarter, and aims to repurchase an additional $75 million in the next quarter.

In light of macroeconomic uncertainties, PTC has updated its full fiscal year 2025 guidance, projecting 7% to 9% constant currency ARR growth and free cash flow between $840 million to $850 million. The company anticipates operating cash flow in the range of $855 million to $865 million for the fiscal year. PTC emphasized its commitment to disciplined financial management and maintaining a strong foundation for future growth, particularly in AI-driven initiatives.

Apr 30, 2025 16:03:13

PTC Reports 11% ARR Growth in Q1 Fiscal 2025

PTC announced its financial results for the first fiscal quarter of 2025, highlighting an 11% year-over-year growth in constant currency Annual Recurring Revenue (ARR) and a notable increase in cash flow, with operating cash flow growing by 27% and free cash flow increasing by 29%. The company has initiated a realignment of its go-to-market organization to better serve customers and enhance shareholder returns. Additionally, PTC resumed share repurchases, buying back $75 million worth of stock during the quarter.

However, the company faced a decline in total cash and cash equivalents, which fell by 26% compared to the previous year. The non-GAAP earnings per share remained flat at $1.10, showing no growth from the previous year. The operating margin decreased slightly, with the non-GAAP operating margin down by 240 basis points. Despite these challenges, PTC maintains a positive outlook on its growth strategies and cash flow expectations for the upcoming quarters.

Feb 05, 2025 16:01:25

PTC Reports 14% ARR Growth and $2 Billion Buyback Plan

PTC announced its financial results for the fourth fiscal quarter and full year 2024, highlighting a 14% year-over-year growth in Annual Recurring Revenue (ARR) and a significant 25% increase in free cash flow. The company also introduced a new $2 billion share repurchase authorization, indicating a commitment to enhancing shareholder returns. The operating margin improved, and earnings per share saw a notable rise of 175% compared to the previous year, reflecting the company's strong financial performance during this period.

On the downside, PTC's total cash and cash equivalents decreased by 8% year-over-year, which may raise concerns about liquidity. Additionally, the company faced challenges in a difficult selling environment, though it managed to maintain solid ARR growth. Certain non-cash tax charges impacted earnings in both the fourth quarter and full fiscal year, which could affect investor sentiment. Overall, while PTC demonstrated growth in key financial metrics, the decline in cash reserves and ongoing market challenges present potential drawbacks.

Nov 06, 2024 16:00:56

PTC Reports Strong Q3 2024 Results and Guidance

PTC announced solid financial results for Q3 2024, with a 10% increase in annual recurring revenue (ARR) and over 20% growth in cash flow. However, revenue declined by 4% year-over-year. The company maintains its guidance for 11-12% ARR growth and free cash flow for the fiscal year. Despite challenges in the market, PTC's strategy and product portfolio are positioned to drive business transformation for clients.

Jul 31, 2024 16:02:30

PTC Reports Solid Q2 Results and Updates Mid-Term Targets

PTC announces strong Q2 results with 11% ARR growth and 19% cash flow increase year over year. The company maintains confidence in its business model and updates mid-term targets with low double-digit ARR growth. PTC narrows FY'24 ARR guidance range and maintains free cash flow guidance. The CFO highlights resilience in a challenging environment and debt reduction efforts. The company sets mid-term targets for ARR growth and cash flow for FY'25 and FY'26.

May 01, 2024 16:06:41

PTC Reports Solid ARR and Cash Flow Growth in Q1'24

PTC reported strong ARR and cash flow growth in Q1'24, with ARR increasing by 24% year over year. The company's operating and financial highlights include an 18% revenue growth, while maintaining a strong market position. Despite ongoing macro challenges, the full-year guidance for ARR and free cash flow remains unchanged, with a focus on de-leveraging and strategic investments. The company's differentiated strategy and consistent execution underpin its confidence in delivering durable ARR and cash flow growth.

Jan 31, 2024 16:01:02

PTC Announces Solid ARR and Cash Flow Results in Q4 and FY 2023

PTC reported solid ARR and cash flow results in its fourth fiscal quarter and full year, with ARR growth of 26%, organic ARR growth of 15%, and organic constant currency ARR growth of 13%. The company's operating cash flow was $50 million in Q4, up 29% year over year, and $611 million in FY'23, up 40%. PTC's CEO, James Heppelmann, highlighted the company's differentiated product portfolio and industry-leading SaaS capabilities as key drivers of its success in the manufacturing industry's push for digital transformation.

Nov 01, 2023 16:02:56