PTC shares have fallen 26.7% over the past six months to $122.35, but the company's recent performance highlights several strengths. Billings reached $838 million in the first quarter, with year-on-year growth averaging 21% over the last four quarters, signaling robust customer demand and enhanced liquidity. The company's gross margin averaged an elite 84.7% over the past year and has improved by 4.9 percentage points over the last two years, reflecting its asset-light model and strong pricing power. Additionally, PTC posted an average GAAP operating margin of 38.7% over the last year, underscoring its profitability. The stock now trades at 5.5 times forward price-to-sales.
PTC IncBillings reached $838 million in Q1 with 21% YoY growth, signaling robust customer demand.