PTC INC（PTC）の決算・業績分析
PTC INCの2025年有価証券報告書をAI分析。売上高$2.7B(+19.2%)。営業利益$982M。Information Technology。
目次
PTC INCの2025年度 業績サマリー
PTC INC（証券コード: PTC）の2025年度決算・業績分析。売上高は$2.7B（前年比+19.2%）。営業利益は$982M（前年比+67.1%）。純利益は$734M（前年比+95.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
PTC INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 7.0% YoY to $1.9B (XBRL), driven by recurring subscription model (10-K).
- Operating income surged 17.5% YoY to $447M (XBRL), but net income fell 34.4% YoY to $313M (XBRL).
- Net debt to EBITDA ratio stands at 2.6x (XBRL), reflecting high leverage despite $416M free cash flow (XBRL).
PTC INCの売上高変化の要因
- •Revenue grew to $1.9B (XBRL), with a 5-year CAGR of 11.0% (XBRL). Historical time series shows consistent growth from $1.2B (FY2020) to $1.9B (FY2024). Operating income increased 17.5% YoY to $447M (XBRL), while net income declined 34.4% YoY to $313M (XBRL). Key revenue drivers include recurring subscription model (93% of 2024 revenue) (10-K) and SaaS offerings. However, net income fell in 2024 compared to 2023 ($477M) (XBRL).
PTC INCの営業利益変化の要因
- •Gross margin remained stable at 80.0% (XBRL), operating margin rose to 23.1% (XBRL), and net margin fell to 16.2% (XBRL). Operating income increased 17.5% YoY to $447M (XBRL), but net income declined 34.4% YoY to $313M (XBRL). EBITDA margin was 27.7% (XBRL). No significant changes in cost structure or efficiency metrics are disclosed (10-K).
PTC INCの事業リスクと対応
Intense competition in rapidly evolving markets could lead to loss of customers if PTC fails to align with customer preferences (10-K).
Cybersecurity breaches, including ransomware attacks, could disrupt operations, harm reputation, and incur significant costs (10-K).
Reliance on third-party cloud service providers exposes PTC to risks from data breaches or service disruptions (10-K).
Failure of strategic partners or system integrators could hinder product development and market expansion (10-K).
Pressure to adopt SaaS solutions may fail if customers do not adopt PTC's cloud-native offerings as expected (10-K).
PTC INCの事業内容
PTC Inc. (PTC) is a global software company enabling manufacturers and product companies to digitally transform design, manufacturing, and service processes (10-K). Its primary revenue model is subscription-based, with 93% of 2024 revenue being recurring (10-K). Key products include PLM software (Windchill, Codebeamer), CAD solutions (Creo, Onshape), and SaaS offerings. Services focus on product data management, process orchestration, and lifecycle management across industries like Industrials, Aerospace, Automotive, and Medical Technology (10-K). PTC's competitive advantages include a subscription model driving customer retention, a broad portfolio enabling end-to-end digital thread initiatives, and enabling technologies like SaaS, AI, IoT, and AR (10-K). No significant customer concentration is reported (10-K).
PTC INCのAI業績分析レポート（2024年度）
PTC Inc. (PTC) FY2024 Annual Report Analysis
Highlights
Business Overview
PTC Inc. (PTC) is a global software company enabling manufacturers and product companies to digitally transform design, manufacturing, and service processes (10-K). Its primary revenue model is subscription-based, with 93% of 2024 revenue being recurring (10-K). Key products include PLM software (Windchill, Codebeamer), CAD solutions (Creo, Onshape), and SaaS offerings. Services focus on product data management, process orchestration, and lifecycle management across industries like Industrials, Aerospace, Automotive, and Medical Technology (10-K). PTC's competitive advantages include a subscription model driving customer retention, a broad portfolio enabling end-to-end digital thread initiatives, and enabling technologies like SaaS, AI, IoT, and AR (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue grew to $1.9B (XBRL), with a 5-year CAGR of 11.0% (XBRL). Historical time series shows consistent growth from $1.2B (FY2020) to $1.9B (FY2024). Operating income increased 17.5% YoY to $447M (XBRL), while net income declined 34.4% YoY to $313M (XBRL). Key revenue drivers include recurring subscription model (93% of 2024 revenue) (10-K) and SaaS offerings. However, net income fell in 2024 compared to 2023 ($477M) (XBRL).
Profitability Analysis
Gross margin remained stable at 80.0% (XBRL), operating margin rose to 23.1% (XBRL), and net margin fell to 16.2% (XBRL). Operating income increased 17.5% YoY to $447M (XBRL), but net income declined 34.4% YoY to $313M (XBRL). EBITDA margin was 27.7% (XBRL). No significant changes in cost structure or efficiency metrics are disclosed (10-K).
Balance Sheet Analysis
Total assets grew from $2.7B (FY2020) to $6.3B (FY2024) (XBRL). Equity ratio increased to 32.4% (XBRL), while debt-to-equity ratio was 1.77x (XBRL). Current ratio of 0.76x (XBRL) indicates potential liquidity challenges. Net debt of $1.4B (2.6x EBITDA) (XBRL) highlights leverage, though total equity rose from $885M (FY2020) to $2.0B (FY2024) (XBRL).
Cash Flow Analysis
Operating cash flow increased to $435M (XBRL), with free cash flow of $416M (XBRL) after $19M CapEx (XBRL). Investing cash flow was -$201M (XBRL), and financing cash flow was -$264M (XBRL), including $125M share repurchases (XBRL). Depreciation and amortization totaled $88M (XBRL).
Working Capital Analysis
Receivables days: 153 days (XBRL); Payables days: 41 days (XBRL); Asset turnover: 0.31x (XBRL). Cash conversion cycle (CCC) not disclosed (N/A).
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.3B | 1.5B | 1.8B | 1.9B | 2.1B |
| Operating Income | 73M | 63M | 211M | 381M | 447M | 458M |
| Net Income | 52M | -27M | 131M | 477M | 313M | 246M |
| Total Assets | 2.7B | 3.4B | 4.5B | 4.7B | 6.3B | 6.4B |
| Total Equity | 885M | 875M | 1.2B | 1.4B | 2.0B | 2.3B |
| Operating Cash Flow | 248M | 285M | 234M | 369M | 435M | 611M |
Information Technologyの企業一覧
PTC INCと同じ「Information Technology」セクターの企業