Recent News
On October 31, 2025 the company announced executive participation at several investor conferences scheduled for November and December 2025.
On September 20, 2025 industry coverage summarized PTC’s corporate update and reiterated ongoing regulatory and pipeline milestones announced earlier in the year.
On September 3, 2025 PTC’s Relative Strength rating rose to 77, with commentary noting the stock moved past a recent consolidation buy point.
Technical Analysis
ADX / DI+ / DI-: ADX at 40.34 signals a very strong trend strength. DI+ sits at 28.86 but shows a peak-and-reversal, which signals waning bullish directional pressure; DI- at 11.53 is decreasing, which normally supports bullish bias. Taken together, trend strength remains high while directional indicators show early loss of bullish breadth, implying momentum may require renewed buying conviction to sustain gains.
MACD: MACD equals 2.90 with the signal line at 2.68, so MACD currently sits above its signal line (a bullish cross). The MACD trend, however, shows a peak-and-reversal, indicating bearish momentum developing beneath the recent crossover; this creates a short-horizon conflict between a bullish crossover and diminishing MACD momentum.
MRO (Momentum/Regression Oscillator): MRO reads 34.34 and continues increasing, indicating the price sits above the model target and that downward reversion pressure exists; the size of the reading suggests meaningful potential for pullback toward modeled value if momentum stalls.
RSI and Price vs Moving Averages: RSI at 68.09 and rising signals near-overbought conditions on short timeframes. Price at $76.46 trades above the 12-day and 26-day EMAs and above the 20-day and 50-day averages; the 200-day average at $53.87 sits well below current price, reflecting a positive long-term bias. Short-term momentum looks strong, but RSI and MRO warn of limited immediate upside without fresh buying.
Support / Volatility: SuperTrend lower support rests at $71.57; Bollinger upper bounds near $79.84 define a close-term trading band. Volume currently runs slightly above recent 10- and 50-day averages, supporting the move but not signaling a breakout tempo that overwhelms resistance multiple.
Fundamental Analysis
Profitability & Margins: EBIT equals $9,518,000 and EBIT margin runs 4.51%. That margin sits above the industry peer mean of -115.23% but below the industry peer median of 36.65%, indicating better-than-average EBIT performance relative to the peer mean while trailing the peer median. Operating margin equals 1.653% and gross margin equals 92.52%, the latter reflecting high product-level profitability.
Earnings & Surprise: Reported EPS of $0.19 compares to an estimate of -$1.11, producing a $1.30 beat and an EPS surprise ratio of 117.12%. Forward EPS stands at -$0.92, and forward PE calculates to -58.38x, indicating negative near-term consensus profitability expectations despite the recent positive EPS read.
Cash, Liquidity & Cash Flow: Cash and short-term investments total $1,687,817,000 with cash at $672,617,000; the cash ratio equals 194.84% and current ratio equals 231.78%, both signaling ample near-term liquidity. Free cash flow shows a negative $322,496,000 and free cash flow yield sits at -6.65%, though free cash growth posted year-over-year gains. Operating cash flow reads negative and the company reported a material cash flow delta, so liquidity looks strong today but operating cash conversion remains a constraint on valuation.
Leverage & Capital Efficiency: Total debt equals $410,126,000 and debt-to-EBITDA stands near 19.88x, with interest coverage at 0.29x; these figures indicate elevated leverage relative to earnings and limited interest coverage. Return on equity at -10.21% and return on assets at 0.60% reflect uneven returns to capital despite positive net income for the period reported.
Growth Rates: Reported revenue sits at $211,007,000 with revenue growth metrics showing mixed signals: the provided revenue growth figure equals 17.96% while the year-over-year revenue growth metric shows 232.65%. Quarter-over-quarter revenue growth reads -121.185% (negative), indicating short-term sequential deceleration against larger-year comparisons. Earnings growth shows a significant year-over-year decline but positive sequential QoQ earnings growth.
Valuation Context: WMDST values the stock as over-valued. Price metrics include a trailing PE of 303.39x and an enterprise multiple of 173.19x; those elevated multiples, combined with negative free cash flow and leveraged interest coverage, underpin WMDST’s over-valued assessment despite strong gross margins and ample cash reserves.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-04 |
| NEXT REPORT DATE: | 2026-02-03 |
| CASH FLOW | Begin Period Cash Flow | $ 1.0 B |
| Operating Cash Flow | $ -66.30 M | |
| Capital Expenditures | $ -256.19 M | |
| Change In Working Capital | $ -84.88 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -346.77 M | |
| End Period Cash Flow | $ 686.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 211.0 M | |
| Forward Revenue | $ -244.04 M | |
| COSTS | ||
| Cost Of Revenue | $ 15.8 M | |
| Depreciation | $ 3.6 M | |
| Depreciation and Amortization | $ 11.1 M | |
| Research and Development | $ 100.2 M | |
| Total Operating Expenses | $ 207.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 195.2 M | |
| EBITDA | $ 20.6 M | |
| EBIT | $ 9.5 M | |
| Operating Income | $ 3.5 M | |
| Interest Income | — | |
| Interest Expense | $ 32.6 M | |
| Net Interest Income | $ -32.59 M | |
| Income Before Tax | $ -23.07 M | |
| Tax Provision | $ -38.97 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 15.9 M | |
| Net Income From Continuing Operations | $ 15.9 M | |
| EARNINGS | ||
| EPS Estimate | $ -1.11 | |
| EPS Actual | $ 0.19 | |
| EPS Difference | $ 1.30 | |
| EPS Surprise | 117.117 % | |
| Forward EPS | $ -0.92 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.6 B | |
| Intangible Assets | $ 478.8 M | |
| Net Tangible Assets | $ -634.57 M | |
| Total Current Assets | $ 2.0 B | |
| Cash and Short-Term Investments | $ 1.7 B | |
| Cash | $ 672.6 M | |
| Net Receivables | $ 203.1 M | |
| Inventory | $ 52.7 M | |
| Long-Term Investments | $ 19.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 36.6 M | |
| Short-Term Debt | $ 286.3 M | |
| Total Current Liabilities | $ 866.2 M | |
| Net Debt | — | |
| Total Debt | $ 410.1 M | |
| Total Liabilities | $ 2.8 B | |
| EQUITY | ||
| Total Equity | $ -155.76 M | |
| Retained Earnings | $ -2.83 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -1.95 | |
| Shares Outstanding | 79.932 M | |
| Revenue Per-Share | $ 2.64 | |
| VALUATION | Market Capitalization | $ 4.9 B |
| Enterprise Value | $ 3.6 B | |
| Enterprise Multiple | 173.19 | |
| Enterprise Multiple QoQ | -351.34 % | |
| Enterprise Multiple YoY | -562.623 % | |
| Enterprise Multiple IPRWA | PTCT: 173.19 high: 52.77 median: 26.559 mean: 3.817 low: -80.476 |
|
| EV/R | 16.93 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -16.973 | |
| Asset To Liability | 0.944 | |
| Debt To Capital | 1.612 | |
| Debt To Assets | 0.155 | |
| Debt To Assets QoQ | 5.273 % | |
| Debt To Assets YoY | 1606.601 % | |
| Debt To Assets IPRWA | high: 1.045 mean: 0.214 PTCT: 0.155 median: 0.074 low: 0.0 |
|
| Debt To Equity | -2.633 | |
| Debt To Equity QoQ | 40.109 % | |
| Debt To Equity YoY | 16470.799 % | |
| Debt To Equity IPRWA | high: 1.395 mean: 0.192 median: 0.09 low: -0.869 PTCT: -2.633 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -31.139 | |
| Price To Book QoQ | 65.652 % | |
| Price To Book YoY | 1046.119 % | |
| Price To Book IPRWA | high: 18.42 mean: 7.014 median: 5.8 low: -8.555 PTCT: -31.139 |
|
| Price To Earnings (P/E) | 303.389 | |
| Price To Earnings QoQ | -615.411 % | |
| Price To Earnings YoY | -1232.873 % | |
| Price To Earnings IPRWA | PTCT: 303.389 high: 56.753 mean: -3.695 median: -11.857 low: -93.179 |
|
| PE/G Ratio | -2.445 | |
| Price To Sales (P/S) | 22.985 | |
| Price To Sales QoQ | 5.897 % | |
| Price To Sales YoY | 57.904 % | |
| Price To Sales IPRWA | high: 1129.647 mean: 74.042 median: 25.506 PTCT: 22.985 low: 0.808 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -58.378 | |
| Forward PE/G | 0.47 | |
| Forward P/S | -19.874 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -6.869 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.08 | |
| Asset Turnover Ratio QoQ | 18.232 % | |
| Asset Turnover Ratio YoY | -23.637 % | |
| Asset Turnover Ratio IPRWA | high: 0.488 mean: 0.119 median: 0.107 PTCT: 0.08 low: 0.0 |
|
| Receivables Turnover | 1.057 | |
| Receivables Turnover Ratio QoQ | 20.156 % | |
| Receivables Turnover Ratio YoY | 3.982 % | |
| Receivables Turnover Ratio IPRWA | high: 6.279 mean: 1.453 median: 1.412 PTCT: 1.057 low: 0.009 |
|
| Inventory Turnover | 0.364 | |
| Inventory Turnover Ratio QoQ | -11.216 % | |
| Inventory Turnover Ratio YoY | 13.188 % | |
| Inventory Turnover Ratio IPRWA | high: 2.635 mean: 0.418 PTCT: 0.364 median: 0.301 low: -0.015 |
|
| Days Sales Outstanding (DSO) | 86.319 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 180.713 | |
| Cash Conversion Cycle Days QoQ | 17.601 % | |
| Cash Conversion Cycle Days YoY | 1.701 % | |
| Cash Conversion Cycle Days IPRWA | high: 1122.555 mean: 191.461 median: 189.366 PTCT: 180.713 low: -1502.128 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.185 | |
| CapEx To Revenue | -1.214 | |
| CapEx To Depreciation | -71.663 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ -155.76 M | |
| Net Invested Capital | $ 130.6 M | |
| Invested Capital | $ 130.6 M | |
| Net Tangible Assets | $ -634.57 M | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.948 | |
| Current Ratio | 2.318 | |
| Current Ratio QoQ | -35.978 % | |
| Current Ratio YoY | 10.454 % | |
| Current Ratio IPRWA | high: 25.502 mean: 4.357 median: 3.195 PTCT: 2.318 low: 0.046 |
|
| Quick Ratio | 2.257 | |
| Quick Ratio QoQ | -36.709 % | |
| Quick Ratio YoY | 10.635 % | |
| Quick Ratio IPRWA | high: 13.391 mean: 2.749 median: 2.457 PTCT: 2.257 low: 0.043 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 19.883 | |
| Cost Of Debt | 6.451 % | |
| Interest Coverage Ratio | 0.292 | |
| Interest Coverage Ratio QoQ | -121.786 % | |
| Interest Coverage Ratio YoY | -121.551 % | |
| Interest Coverage Ratio IPRWA | high: 815.709 mean: 40.673 median: 4.855 PTCT: 0.292 low: -1538.4 |
|
| Operating Cash Flow Ratio | 0.013 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 252.184 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.362 % | |
| Revenue Growth | 17.963 % | |
| Revenue Growth QoQ | -121.185 % | |
| Revenue Growth YoY | 232.648 % | |
| Revenue Growth IPRWA | high: 301.849 % PTCT: 17.963 % mean: 8.133 % median: 4.118 % low: -259.856 % |
|
| Earnings Growth | -124.096 % | |
| Earnings Growth QoQ | 14.62 % | |
| Earnings Growth YoY | -1413.324 % | |
| Earnings Growth IPRWA | high: 162.5 % median: -6.667 % mean: -13.184 % PTCT: -124.096 % low: -198.545 % |
|
| MARGINS | ||
| Gross Margin | 92.521 % | |
| Gross Margin QoQ | -1.17 % | |
| Gross Margin YoY | -2.081 % | |
| Gross Margin IPRWA | high: 105.39 % PTCT: 92.521 % median: 83.077 % mean: 79.768 % low: -35.147 % |
|
| EBIT Margin | 4.511 % | |
| EBIT Margin QoQ | -119.829 % | |
| EBIT Margin YoY | -115.745 % | |
| EBIT Margin IPRWA | high: 3270.865 % median: 36.648 % PTCT: 4.511 % mean: -115.231 % low: -8139.786 % |
|
| Return On Sales (ROS) | 1.653 % | |
| Return On Sales QoQ | -108.483 % | |
| Return On Sales YoY | -105.769 % | |
| Return On Sales IPRWA | high: 70.107 % median: 26.151 % PTCT: 1.653 % mean: -179.151 % low: -8613.378 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -322.50 M | |
| Free Cash Flow Yield | -6.649 % | |
| Free Cash Flow Yield QoQ | 314.268 % | |
| Free Cash Flow Yield YoY | 117.004 % | |
| Free Cash Flow Yield IPRWA | high: 30.655 % median: 0.815 % mean: 0.359 % PTCT: -6.649 % low: -52.786 % |
|
| Free Cash Growth | 417.426 % | |
| Free Cash Growth QoQ | -489.448 % | |
| Free Cash Growth YoY | 1029.063 % | |
| Free Cash Growth IPRWA | PTCT: 417.426 % high: 190.123 % mean: 28.478 % median: 21.696 % low: -182.653 % |
|
| Free Cash To Net Income | -20.288 | |
| Cash Flow Margin | 5.473 % | |
| Cash Flow To Earnings | 0.727 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.602 % | |
| Return On Assets QoQ | -124.551 % | |
| Return On Assets YoY | -110.608 % | |
| Return On Assets IPRWA | high: 30.5 % PTCT: 0.602 % median: -0.134 % mean: -2.284 % low: -66.968 % |
|
| Return On Capital Employed (ROCE) | 0.535 % | |
| Return On Equity (ROE) | -0.102 | |
| Return On Equity QoQ | -132.506 % | |
| Return On Equity YoY | -200.89 % | |
| Return On Equity IPRWA | high: 0.948 median: -0.002 mean: -0.005 PTCT: -0.102 low: -1.385 |
|
| DuPont ROE | -8.775 % | |
| Return On Invested Capital (ROIC) | 5.759 % | |
| Return On Invested Capital QoQ | -112.322 % | |
| Return On Invested Capital YoY | 28.866 % | |
| Return On Invested Capital IPRWA | high: 26.519 % PTCT: 5.759 % median: 4.232 % mean: -0.16 % low: -73.241 % |
|