# PTC INC.

Summary updated: 2026-10-02T12:29:50.048844Z
Canonical: https://finbar.com/research/companies/ptc-inc

## Overview

PTC Inc. is a global enterprise software company serving industrial manufacturers. Its software supports the lifecycle of physical products, including product design and engineering, product lifecycle management, application lifecycle management, manufacturing and service. Key offerings include Creo for 3D computer-aided design, Windchill for product lifecycle management, Codebeamer for application lifecycle management, and the cloud-native Onshape product-development platform. [1](https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/ptc-20250930.htm) [2](https://www.ptc.com/en/about/facts/ptc)

Headquartered in Boston, PTC has offices across the Americas, Europe, Asia, the Middle East and Australia. The company describes its purpose as “The Power to Create.” [3](https://www.ptc.com/en/ptc-offices/) [4](https://www.ptc.com/en/brand-guide/purpose) Founded in 1985, PTC reported FY2025 revenue of $2.739 billion; its published employee figure is approximately 7,500+, dated 2024. [5](https://app.finbar.com/go?id=P100682507) [6](https://app.finbar.com/go?id=P109352893) [1](https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/ptc-20250930.htm) [2](https://www.ptc.com/en/about/facts/ptc)
[5](https://app.finbar.com/go?id=P100682507)[6](https://app.finbar.com/go?id=P109352893)[1](https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/ptc-20250930.htm)[2](https://www.ptc.com/en/about/facts/ptc)[3](https://www.ptc.com/en/ptc-offices/)[4](https://www.ptc.com/en/brand-guide/purpose)

## Products & services

PTC’s product portfolio includes software for product lifecycle management (PLM), application lifecycle management (ALM), and computer-aided design (CAD). Windchill manages product development from concept through service and end-of-life, with information sharing, data visualization, and support for distributed collaboration. Codebeamer and pure::variants support development of software-containing and software-defined products, including product-variant management. Arena provides SaaS product lifecycle and quality-management tools for collaboration with supply-chain partners and regulatory-compliance workflows. [7](https://app.finbar.com/go?id=P38316647)[8](https://app.finbar.com/go?id=P23814554)[9](https://app.finbar.com/go?id=P63844608)

Creo provides 3D CAD capabilities for product design, testing, and modification, including simulation, additive manufacturing, and generative design. Onshape is a cloud-native SaaS platform combining CAD, data management, collaboration, and real-time analytics; it supports access from computers and mobile devices, simultaneous editing, and parallel design iterations. [6](https://app.finbar.com/go?id=P109352893)[10](https://app.finbar.com/go?id=P41200390)

Service offerings include ServiceMax for in-person and remote field service, technician productivity, and service decision-making, and Servigistics for service-parts inventory management aimed at equipment availability and uptime. PTC reports PLM and CAD as its two product groups: in FY2025, they represented approximately 63.6% and 36.4% of revenue, respectively; in the first nine months of FY2026, approximately 62.2% and 37.8%. The company also reported that approximately 95% of FY2025 and FY2026 year-to-date revenue was recurring. [11](https://app.finbar.com/go?id=P13933865)[12](https://app.finbar.com/go?id=P93978622)[13](https://app.finbar.com/go?id=T5444433)[14](https://app.finbar.com/go?id=T16632674)[15](https://app.finbar.com/go?id=P145402400)
[7](https://app.finbar.com/go?id=P38316647)[8](https://app.finbar.com/go?id=P23814554)[9](https://app.finbar.com/go?id=P63844608)[6](https://app.finbar.com/go?id=P109352893)[10](https://app.finbar.com/go?id=P41200390)[11](https://app.finbar.com/go?id=P13933865)[12](https://app.finbar.com/go?id=P93978622)[13](https://app.finbar.com/go?id=T5444433)[13](https://app.finbar.com/go?id=T5444433)[13](https://app.finbar.com/go?id=T5444433)[14](https://app.finbar.com/go?id=T16632674)[14](https://app.finbar.com/go?id=T16632674)[14](https://app.finbar.com/go?id=T16632674)[15](https://app.finbar.com/go?id=P145402400)

## Geographic presence

In FY2025, PTC reported revenue of $2.739 billion by customer location: $1.327 billion in the Americas (48.5%), $995 million in Europe (36.3%), and $417 million in Asia Pacific (15.2%). The United States accounted for $1.288 billion (47.0%) and Germany for $369 million (13.5%). PTC says it principally serves customers outside the U.S. through international sales and marketing subsidiaries in Europe and Asia Pacific. [16](https://app.finbar.com/go?id=T1701642)

PTC operates as one reportable segment rather than reporting separate geographic operating segments. Its FY2025 filing describes the company as headquartered in Boston, with more than 7,000 employees globally and 61 operating offices in the U.S. and internationally. Of its leased operating facilities, approximately 281,000 square feet were in the U.S. (including about 169,000 square feet at its Boston headquarters) and 267,000 square feet were in India. The filing does not provide an employee breakdown by geography. [17](https://app.finbar.com/go?id=P91115921)[18](https://app.finbar.com/go?id=P34189073)[19](https://app.finbar.com/go?id=P73430645)

In the nine months ended June 30, 2026, revenue was $967 million in the Americas, $773 million in Europe, and $320 million in Asia Pacific—approximately 46.9%, 37.5%, and 15.5% of the period’s total, respectively. [20](https://app.finbar.com/go?id=T16632675)
[16](https://app.finbar.com/go?id=T1701642)[17](https://app.finbar.com/go?id=P91115921)[18](https://app.finbar.com/go?id=P34189073)[19](https://app.finbar.com/go?id=P73430645)[20](https://app.finbar.com/go?id=T16632675)

## Business segments

PTC reports one operating and reportable segment; it does not disclose separate revenue contributions for multiple reportable segments. Accordingly, its single reportable segment represents 100% of consolidated revenue. [21](https://app.finbar.com/go?id=P145402371)[22](https://app.finbar.com/go?id=P104782123)

As a separate revenue presentation—not a reportable-segment breakdown—PTC disaggregates revenue into Product Lifecycle Management (PLM) and Computer-Aided Design (CAD). PLM accounted for $1,280.6 million, or approximately 62.2%, of revenue in the nine months ended June 30, 2026, compared with $1,741.3 million, or 63.6%, in FY2025. PLM includes product lifecycle and product-data capabilities, such as Windchill. [14](https://app.finbar.com/go?id=T16632674)[13](https://app.finbar.com/go?id=T5444433)[7](https://app.finbar.com/go?id=P38316647)[23](https://app.finbar.com/go?id=P145402399) CAD accounted for $779.5 million, or approximately 37.8%, of revenue in the nine months ended June 30, 2026, compared with $997.9 million, or 36.4%, in FY2025. CAD offerings include Creo design tools and Onshape cloud-native CAD and product-data management. [14](https://app.finbar.com/go?id=T16632674)[13](https://app.finbar.com/go?id=T5444433)[24](https://app.finbar.com/go?id=P41686073)[6](https://app.finbar.com/go?id=P109352893)[10](https://app.finbar.com/go?id=P41200390) The FY2026 figures cover nine months, not the full fiscal year.
[21](https://app.finbar.com/go?id=P145402371)[22](https://app.finbar.com/go?id=P104782123)[14](https://app.finbar.com/go?id=T16632674)[13](https://app.finbar.com/go?id=T5444433)[7](https://app.finbar.com/go?id=P38316647)[23](https://app.finbar.com/go?id=P145402399)[24](https://app.finbar.com/go?id=P41686073)[6](https://app.finbar.com/go?id=P109352893)[10](https://app.finbar.com/go?id=P41200390)[25](https://www.sec.gov/Archives/edgar/data/857005/000119312526328444/ptc-20260630.htm)[1](https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/ptc-20250930.htm)

## Company history

PTC was founded as Parametric Technology Corporation on May 15, 1985, by Samuel P. Geisberg. It released its Pro/ENGINEER parametric 3D CAD product in 1988, establishing the software business that became the company’s early foundation. [2](https://www.ptc.com/en/about/facts/ptc) [26](https://www.ptc.com/en/about/facts/creo)

PTC expanded through acquisitions, including Computervision in 1998, Arbortext in 2005, and Mathsoft in 2006. [27](https://www.ptc.com/en/blogs/cad/a-quick-history-of-ptc-creo) [28](https://www.sec.gov/Archives/edgar/data/857005/000119312505138086/dex991.htm) In 2010, James Heppelmann became CEO, succeeding C. Richard Harrison; in 2013, the company changed its legal name to PTC Inc. [29](https://investor.ptc.com/resources/news/news-details/2010/James-Heppelmann-Assumes-Role-of-Chief-Executive-Officer-at-PTC/default.aspx) [30](https://investor.ptc.com/resources/news/news-details/2013/PTC-Updates-Name-to-Reflect-Expanded-Scope-and-Vision/default.aspx)

From 2011 through 2016, PTC added businesses including MKS, Servigistics, Axeda, Vuforia, and Kepware. [31](https://investor.ptc.com/resources/news/news-details/2011/PTC-Sets-New-Standard-for-Managing-Hardware-and-Software-Development-Lifecycles-with-MKS-Integrity-Acquisition/default.aspx) [32](https://investor.ptc.com/resources/news/news-details/2012/PTC-to-Acquire-Servigistics/default.aspx) [33](https://investor.ptc.com/resources/news/news-details/2014/PTC-Completes-Acquisition-of-Axeda/default.aspx) [34](https://investor.ptc.com/resources/news/news-details/2015/PTC-Completes-Acquisition-of-Vuforia/default.aspx) [35](https://investor.ptc.com/resources/news/news-details/2016/PTC-Completes-Acquisition-of-Kepware/default.aspx) It later acquired Onshape in 2019, Arena Solutions in 2021, and ServiceMax in 2023. [36](https://www.ptc.com/en/news/2019/ptc-completes-acquisition-onshape) [37](https://www.ptc.com/en/news/2021/ptc-completes-acquisition-arena-solutions) [38](https://app.finbar.com/go?id=P114683504)

Neil Barua became CEO on February 14, 2024, succeeding Heppelmann. [39](https://www.ptc.com/en/news/2023/ptc-announces-ceo-succession-plan) [40](https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/ptc-20240214.htm) In March 2026, PTC completed the sale of Kepware and ThingWorx, following an agreement announced in 2025. [41](https://app.finbar.com/go?id=P48863011) [42](https://app.finbar.com/go?id=P145402254)
[38](https://app.finbar.com/go?id=P114683504)[41](https://app.finbar.com/go?id=P48863011)[42](https://app.finbar.com/go?id=P145402254)[2](https://www.ptc.com/en/about/facts/ptc)[26](https://www.ptc.com/en/about/facts/creo)[27](https://www.ptc.com/en/blogs/cad/a-quick-history-of-ptc-creo)[28](https://www.sec.gov/Archives/edgar/data/857005/000119312505138086/dex991.htm)[29](https://investor.ptc.com/resources/news/news-details/2010/James-Heppelmann-Assumes-Role-of-Chief-Executive-Officer-at-PTC/default.aspx)[30](https://investor.ptc.com/resources/news/news-details/2013/PTC-Updates-Name-to-Reflect-Expanded-Scope-and-Vision/default.aspx)[31](https://investor.ptc.com/resources/news/news-details/2011/PTC-Sets-New-Standard-for-Managing-Hardware-and-Software-Development-Lifecycles-with-MKS-Integrity-Acquisition/default.aspx)[32](https://investor.ptc.com/resources/news/news-details/2012/PTC-to-Acquire-Servigistics/default.aspx)[33](https://investor.ptc.com/resources/news/news-details/2014/PTC-Completes-Acquisition-of-Axeda/default.aspx)[34](https://investor.ptc.com/resources/news/news-details/2015/PTC-Completes-Acquisition-of-Vuforia/default.aspx)[35](https://investor.ptc.com/resources/news/news-details/2016/PTC-Completes-Acquisition-of-Kepware/default.aspx)[36](https://www.ptc.com/en/news/2019/ptc-completes-acquisition-onshape)[37](https://www.ptc.com/en/news/2021/ptc-completes-acquisition-arena-solutions)[39](https://www.ptc.com/en/news/2023/ptc-announces-ceo-succession-plan)[40](https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/ptc-20240214.htm)

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