PTC Inc
PTC - Insider Information
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+ FollowMarket Cap$21.24B
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Earnings Call Q3 2026
July 29, 2026 - AI Summary
Strong Q3 results: ARR + cash flow beat + execution turn
- PTC reported $60M net new ARR in Q3, described as above the high end of guidance and driving YOY constant-currency ARR growth that exceeded guidance.
- Operating cash flow: $261M; Free cash flow: $249M — both above guidance range.
- CFO emphasized broad-based strength across key metrics and ongoing momentum in the go-to-market transformation (improved productivity/quality and more executive-level engagement).
Raised full-year growth outlook and tighter range; Q4 step-up expected
- Company increased annual constant-currency ARR growth guidance (excluding Kepware & ThingWorx) to ~9.0%–9.5% (midpoint 9.25%).
- FY26 net new ARR (midpoint): $214M (increased midpoint vs prior guidance).
- Q4 expectations: meaningful acceleration in net new ARR to ~$79M–$92M (vs Q3), supported by expected conversion of higher deferred ARR into revenue/ARR.
Capital returns: large buybacks accelerate; M&A quiet; organic flywheel emphasized
- In Q3, PTC repurchased $525M of common stock, more than double the previously provided target, citing an opportunistic/compressed stock price.
- Full-year buyback expectation: ~$1.625B (up from earlier ~$1.225B–$1.325B guidance).
- Fully diluted share count expected to fall to ~116M for FY26 (vs 121M in FY25).
- M&A stance: still focused on small tuck-ins to accelerate the roadmap; management said capacity is there but no large new M&A signaled.
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$152.81
21.7% downside
Current Fair Value
21.7% downsideOvervalued by 21.7% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $21.24 Billion |
|---|---|
| Enterprise Value | $23.24 Billion |
| Earnings per Share | $6.12 |
| Beta | 1 |
| Outstanding Shares | 114,677,000 |
Return
| Return on Equity | 35.47% |
|---|---|
| Return on Assets | 18.90% |
| Return on Invested Capital | 17.73% |
Valuation & Multiples
| P/E Ratio | 18.84 |
|---|---|
| PEG | -118.08 |
| Price to Sales | 7.81 |
| Price to Book Ratio | 6.51 |
| Enterprise Value to Revenue | 7.87 |
| Enterprise Value to EBIT | 22.59 |
| Enterprise Value to Net Income | 18 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.68 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS Estimate
$1.97
Consensus analyst estimateRevenue Estimate
$663.56 M
Consensus analyst estimateNext Earnings Call
Expected Date
February 3, 2027
EPS Estimate
$1.96
Consensus analyst estimateRevenue Estimate
$670.52 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 73.07% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.85%▼ 91.73% |
|---|---|
| Total Invested | $619.70M▼ 95.17% |
| Investors Holding | 197▼ 501.00% |
About PTC Inc
7,642 employees
CEO: James Heppelmann
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, ...