NASDAQ$PTC

PTC Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

PTC delivered strong Q4 results, exceeding ARR and free cash flow guidance for the quarter and the year.

PTC announced strong fourth fiscal quarter and full year 2022 results, with ARR growth of 7%, organic ARR growth of 6%, and organic constant currency growth of 15%. Revenue was $508 million, up 6% compared to Q4'21. Cash flow from operations was $38 million, and free cash flow was $29 million.

  • ARR as reported was $1,572 million, up 7% compared to Q4'21.
  • Revenue was $508 million, up 6% compared to Q4'21.
  • Operating margin was 29%, compared to 24% in Q4'21.
  • Earnings per share was $0.90, compared to $2.46 in Q4'21.

Headline financials

Total Revenue

$508M

Previous: $481M+5.7%
EPS (adj)

$1.27

Previous: $1.10+15.5%
ARR as reported

$1.57B

Previous: $1.47B+6.9%
Capital Expenditures

$9.52M

Previous: $13.1M-27.1%
Free Cash Flow

$29M

Previous: $32.3M-10.1%
Net Income

$107M

Previous: $293M-63.5%
Operating Income

$146M

Previous: $115M+26.8%
Gross Profit

$412M

Previous: $381M+8.3%
Cash & Equivalents

$272M

Previous: $327M-16.6%
Total Assets

$4.69B

Previous: $4.52B+3.8%
Stock-Based Comp

$41.6M

Previous: $43.4M-4.2%

Revenue & EPS history

PTC · Revenue · Quarterly

$508M

Q4 2022+5.7%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

PTC · $44.8M total across 2 segments · Q4 2022

  • Professional services
    $36.9M-9.8%
  • Perpetual license
    $7.85M-24.3%

Forward guidance

PTC is establishing ARR guidance for fiscal 2023 that represents 10% to 14% constant currency growth over fiscal 2022. We expect revenue to be approximately flat on a year over year basis. We expect free cash flow of approximately $560M in fiscal 2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+2.6%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+16.9%

Q2 2022

Best reaction

-19.5%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.0%+5.6%+0.2%
Q1 2026+1.7%+7.5%+7.5%
Q4 2025-8.4%-6.3%-8.7%
Q2 2025+0.9%+2.4%+8.6%
Q1 2025-9.6%-11.5%-14.3%
Q4 2024+0.0%+2.2%+5.8%
Q3 2024-0.3%-4.7%+1.5%
Q2 2024-3.9%+0.4%-0.7%
Q1 2024-2.5%-3.7%+2.0%
Q4 2023+4.2%+5.9%+13.5%
Q3 2023+0.7%+1.1%+0.4%
Q2 2023-0.7%+1.1%+5.5%
Q1 2023-1.9%-2.6%-7.4%
Q4 2022+4.4%+6.1%+7.2%
Q3 2022+13.1%+9.8%+3.0%
Q2 2022+16.9%+17.4%+21.2%
Q1 2022-4.2%+1.4%-2.7%
Q4 2021-4.3%+0.0%-10.7%
Q3 2021-7.4%-8.7%-8.1%
Q2 2021-9.7%-11.9%-9.2%
Q1 2021+6.8%+5.8%+5.7%
Q4 2020+1.9%+3.1%+28.9%
Q3 2020+4.0%+5.0%+10.8%
Q2 2020+4.3%+1.2%+15.1%
Q1 2020+7.9%+6.8%+12.4%
Q4 2019+6.1%+2.2%+14.0%
Q3 2019-19.5%-22.2%-28.1%
Q2 2019-9.9%-9.8%-15.3%
Q1 2019-7.1%-5.1%+8.4%
Q4 2018-8.5%-12.9%-7.5%
Q3 2018-1.9%-1.8%-6.7%
Q2 2018+2.2%+2.2%+1.2%
Q1 2018+7.1%+11.6%+12.2%
Q4 2017+5.9%+8.3%+7.7%
Q3 2017-6.8%-4.0%-7.8%
Q2 2017-0.5%+0.2%+3.3%
Q1 2017+6.0%+6.6%+14.6%
Q4 2016+0.2%+4.2%+9.4%
Q3 2016+2.9%+2.7%+8.3%
Q2 2016+11.5%
Q1 2016+3.5%
Q4 2015+0.1%
Q3 2015-6.4%
Q2 2015+4.4%
Q1 2015-0.9%
Q4 2014-3.1%
Q3 2014-1.7%
Q2 2014+0.6%
Q1 2014+0.7%
Q4 2013+9.0%
Q3 2013+0.7%
Q2 2013+1.4%
Q1 2013-1.1%
Q4 2012+5.1%
Q3 2012+13.5%
Q2 2012+15.1%
Q1 2012-0.1%
Q4 2011-4.9%
Q3 2011-0.9%
Q2 2011+0.0%
Q1 2010+1.2%
Q1 2011+2.0%
Q2 2010+0.2%
Q4 2010+0.2%
Q4 2008+0.2%
Q3 2009-1.4%
Q3 2010-1.4%
Q4 2009-1.4%

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