PTC Inc. (PTC)财务
NASDAQ · Technology · Software - Application · 员工7,000人 · CEO Neil Barua
- 股价
- $195.54 +0.38%
- 市值
- $212亿
- 企业价值
- $225亿
- 最近财报
- Q3 '26 2026-07-31提交
- 下次财报
- 2026-11-04 EPS预期 $1.97
营收(TTM)$29.5亿+19.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)37.8%+7.8 百分点 对比去年同期营业利润 $11.2亿
净利润(TTM)$12.2亿+138.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$9.35亿+10.6% 对比去年同期资本支出 $1980万
稀释EPS(TTM)$10.35+144.1% 对比去年同期最近4个季度之和
净现金-$12.6亿-3.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $212亿 EV $225亿
- 营收
- $29.5亿 过去12个月
- 营收增速
- -1% FY2026年一致预期
- 净利润率
- 41.4% 净利润 / 营收,TTM
- P/E
- 18.8× 预期 23.9×(FY2026)
- P/S
- 7.2× 股价 / 营收,TTM
- EV / EBITDA
- 13.4× TTM
- 自由现金流
- $9.35亿 过去12个月
- 净利润
- $12.2亿 过去12个月
- 营收预期
- $27.2亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $6.64亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-29):营收低于预期1.9%,EPS 超预期0.6%营收$6亿,预期$6.12亿(-1.9%);EPS $1.58,预期$1.57(+0.6%)。
- 营收增长放缓:同比-6.8%Q3 '26营收$6亿,此前四个季度的平均值为27.5%。
- 营业利润率37.8%(TTM),较去年同期+7.8 百分点营收增长19.5%,营业利润增长50.4%。
- 税前利润的27.0%来自营业外收益税前利润$15.3亿,营业利润$11.2亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.7%(去年为0.6%)最近4个季度投入$1980万(同比+24.1%)。自由现金流$9.35亿,相当于净利润的76.4%。
- 股东回报$14亿 = 自由现金流的149.8%回购$14亿(去年为$2.25亿),股息$0,股权激励$2.41亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少4.6%Q3 '26稀释股数1.15亿,一年前为1.2亿。
- 净债务 $12.6亿现金 + 短期投资 $3.51亿,含租赁债务 $16.1亿;一年前净债务 $12.1亿。
上一季度:Q3 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $6亿 | $6.44亿 | -6.8% |
| 毛利率 | 81.7% | 82.9% | -1.2 百分点 |
| 营业利润 | $1.67亿 | $2.1亿 | -20.6% |
| 营业利润率 | 27.7% | 32.6% | -4.8 百分点 |
| 净利润 | $1.19亿 | $1.41亿 | -16.0% |
| 稀释EPS | $1.03 | $1.17 | -12.0% |
| 经营现金流 | $2.61亿 | $2.44亿 | +6.8% |
| 资本支出 | $1130万 | $189万 | +497.8% |
| 自由现金流 | $2.49亿 | $2.42亿 | +3.0% |
| R&D | $1.16亿 | $1.17亿 | -0.8% |
| 股权激励费用 | $5940万 | $5400万 | +9.9% |
实际 vs 一致预期
2026-07-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $6亿 | $6.12亿 | -1.9% |
| EPS(一致预期口径) | $1.58 | $1.57 | +0.6% |
来自2026-07-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| License | $2.06亿 | -18.2% | 34.3% | $13.2亿 | +44.0% | |
| Support And Cloud Services | $3.71亿 | +0.3% | 61.8% | $15.4亿 | +7.0% | |
| Technology Service | $2380万 | -3.1% | 4.0% | $9600万 | -19.3% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $2.7亿 | -4.3% | 45.0% | $14.4亿 | +24.2% | |
| Europe | $2.03亿 | -15.4% | 33.8% | $10.8亿 | +17.5% | |
| Asia Pacific | $1.27亿 | +4.2% | 21.2% | $4.31亿 | +10.2% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $9.55亿
- 资本支出
- -$1980万
- 股票回购
- -$14亿
- 股息
- $0
- 收购
- $5.23亿
- 债务净发行
- $10.4亿
- 股权激励费用
- $2.41亿
- 自由现金流
- $9.35亿
- 股东回报 / FCF
- 149.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 18.8× | 45.5× | 29.4× – 68.4× |
| EV / EBITDA | 13.4× | 27.2× | 22.6× – 31.9× |
| EV / 营收 | 7.6× | 8.7× | 7.0× – 10.1× |
| 股价 / FCF | 22.7× | 31.5× | 28.4× – 40.7× |
| 股价 / 净资产 | 6.5× | 6.3× | 5.3× – 6.9× |
| FCF收益率 | 4.4% | 3.2% | 2.5% – 3.5% |
| 投入资本回报率 | 17.1% | 10.0% | 7.3% – 14.4% |
| 净资产收益率 | 32.6% | 15.4% | 9.2% – 23.4% |
分析师
一致目标价 $199.67 (+2.1%)
区间 $130.00 – $306.00 · 评级 Hold
强烈买入0
买入13
持有18
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $27.2亿 | -0.6% | $8.19 | +34.7% | 23.9× | 11 |
| FY2027 | $29亿 | +6.4% | $8.92 | +8.9% | 21.9× | 11 |
| FY2028 | $31.2亿 | +7.6% | $9.88 | +10.8% | 19.8× | 5 |
| FY2029 | $34亿 | +9.0% | $8.81 | -10.9% | 22.2× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
PTC Inc.在近期10-Q / 10-K文件中标记的全部256项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $110万 | – | – | – | – | – | |
| Accounts Payable, Current | $3490万 | $870万 | +301.3% | $1150万 | $2420万 | -52.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $8.24亿 | $7.13亿 | +15.6% | $10亿 | $8.62亿 | +16.1% |
| Accounts Receivable, after Allowance for Credit Loss, Noncurrent | $4.21亿 | – | – | $3.79亿 | $2亿 | +89.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $240万 | $140万 | +70.9% | $149万 | $118万 | +26.0% |
| Accrued Income Taxes | $8520万 | – | – | $2870万 | $4000万 | -28.3% |
| Accrued Income Taxes, Current | $8520万 | $1.01亿 | -15.7% | $2870万 | $4000万 | -28.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.84亿2025-09-30 | $2.87亿 | -1.2% | $2.84亿 | $2.87亿 | -1.2% |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax | $940万2025-09-30 | $1050万 | -10.5% | $940万 | $1050万 | -10.5% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $4080万2025-09-30 | $7810万 | -47.8% | $4080万 | $7810万 | -47.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.02亿 | -$7160万 | -42.5% | -$8120万 | -$1.02亿 | +20.2% |
| Additional Paid in Capital | $6.11亿 | $18.5亿 | -66.9% | $18.2亿 | $19.7亿 | -7.3% |
| Advertising Expense | – | – | – | $1170万 | $1500万 | -22.0% |
| Amortization of Intangible Assets | $1200万 | $1150万 | +3.9% | $4590万 | $4200万 | +9.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 80万 | 40万 | +100.0% | 100万2019-09-30 | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $4980万 | $3740万 | +33.2% | $2.13亿 | $2.21亿 | -3.6% |
| Asset Impairment Charges | – | – | – | $1560万 | – | – |
| Assets | $65.1亿 | $62.3亿 | +4.6% | $66.2亿 | $63.8亿 | +3.7% |
| Assets, Current | $13.7亿 | $10.9亿 | +25.9% | $13.8亿 | $13亿 | +6.5% |
| Assets, Fair Value Disclosure | $1.14亿 | $5900万 | +93.1% | $5030万 | $4970万 | +1.1% |
| Business Combination, Acquisition Related Costs | $290万 | $160万 | +81.3% | $910万 | $310万 | +193.5% |
| Capitalized Contract Cost, Accumulated Impairment | $02025-09-30 | $0 | – | $0 | $0 | – |
| Capitalized Contract Cost, Amortization | – | – | – | $5400万 | $5200万 | +3.8% |
| Cash and Cash Equivalents, at Carrying Value | $3.51亿 | $1.99亿 | +76.3% | $1.84亿 | $2.66亿 | -30.6% |
| Cash and Cash Equivalents, Fair Value Disclosure | $1.09亿 | $5280万 | +106.2% | $3800万 | $4850万 | -21.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3.52亿 | $2亿 | +76.1% | $1.85亿 | $2.66亿 | -30.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$8770万 | -$3580万 | -144.5% | -$8150万 | -$2230万 | -264.8% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 5亿 | 5亿 | 0.0% | 5亿 | 5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.11亿 | 1.2亿 | -7.6% | 1.2亿 | 1.2亿 | -0.5% |
| Common Stock, Shares, Outstanding | 1.11亿 | 1.2亿 | -7.6% | 1.2亿 | 1.2亿 | -0.5% |
| Common Stock, Value, Issued | $111万 | $120万 | -7.6% | $120万 | $120万 | -0.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.09亿 | $1.89亿 | -42.0% | $7.55亿 | $3.93亿 | +92.1% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $1380万 | $841万 | +64.0% | $1100万 | $1440万 | -23.4% |
| Contract with Customer, Asset, Credit Loss Expense (Reversal) | – | – | – | $02024-09-30 | $0 | – |
| Contract with Customer, Asset, Reclassified to Receivable | – | – | – | $1090万2024-09-30 | $1230万 | -11.4% |
| Contract with Customer, Liability, Current | $7亿 | $7.58亿 | -7.6% | $8.12亿 | $7.54亿 | +7.7% |
| Contract with Customer, Liability, Noncurrent | $1220万 | $1950万 | -37.2% | $1480万 | $2120万 | -30.3% |
| Contract with Customer, Liability, Revenue Recognized | $1.59亿 | $1.29亿 | +24.0% | $7.49亿 | $6.46亿 | +16.0% |
| Contract with Customer, Refund Liability | $4410万 | $3340万 | +32.0% | $3970万 | $2600万 | +52.7% |
| Cost of Goods and Services Sold | $1.1亿 | $1.1亿 | -0.4% | $4.45亿 | $4.45亿 | 0.0% |
| Cost, Amortization | $775万 | $818万 | -5.2% | $3280万 | $3850万 | -14.7% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1.28亿 | $4460万 | +187.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $6250万 | $6170万 | +1.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.12亿 | $1.32亿 | +61.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2180万 | $2540万 | -14.2% |
| Debt Instrument, Interest Rate During Period | 4.6% | 5.0% | -8.0% | 4.9% | 5.4% | -9.3% |
| Debt Instrument, Periodic Payment, Interest | – | – | – | $7780万 | $1.37亿 | -43.2% |
| Debt Issuance Costs, Gross, Current | – | – | – | $420万2023-09-30 | – | – |
| Debt Issuance Costs, Net | – | – | – | $920万2023-09-30 | – | – |
| Debt, Long-term and Short-term, Combined Amount | $14.2亿 | $12.3亿 | +15.4% | $12亿 | $17.5亿 | -31.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$4330万 | -$6040万 | +28.2% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $3270万 | $2870万 | +13.8% |
| Deferred Income Tax Assets, Net | $1.01亿 | $2.09亿 | -52.0% | $1.94亿 | $1.59亿 | +21.7% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$2630万 | -$3900万 | +32.7% |
| Deferred Income Tax Liabilities, Net | $3020万 | $3570万 | -15.2% | $3020万 | $3220万 | -6.4% |
| Deferred Revenue | $7.13亿 | $7.77亿 | -8.3% | $8.27亿 | $7.75亿 | +6.7% |
| Deferred Revenue, Additions | – | – | – | $8.01亿 | $7.38亿 | +8.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1560万 | -$739万 | -111.6% |
| Deferred Tax Assets, Capital Loss Carryforwards | $452万2025-09-30 | $388万 | +16.6% | $452万 | $388万 | +16.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-K 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-K 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02