PTC INC. Segments Disclosure
17. Segments
We operate as a operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. . The CODM evaluates financial performance and allocates resources based on consolidated results, including consolidated net income. The total assets of the segment are reported on the Consolidated Balance Sheets.
See Note 3. Revenue from Contracts with Customers for additional information about our revenue by geographic region and Note 4. Property and Equipment for additional information about our long-lived assets by geographic region.
The following table presents revenue, significant expenses, and consolidated net income for our reportable segment:
(in thousands) |
|
Year ended September 30, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Revenue |
|
$ |
2,739,226 |
|
|
$ |
2,298,472 |
|
|
$ |
2,097,053 |
|
Costs and expenses: |
|
|
|
|
|
|
|
|
|
|||
Cost of revenue, adjusted(1) |
|
|
389,465 |
|
|
|
384,882 |
|
|
|
384,438 |
|
Operating expenses, adjusted(2) |
|
|
1,047,636 |
|
|
|
1,019,250 |
|
|
|
953,720 |
|
Other segment items(3) |
|
|
568,128 |
|
|
|
518,007 |
|
|
|
513,355 |
|
Consolidated net income |
|
$ |
733,997 |
|
|
$ |
376,333 |
|
|
$ |
245,540 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 21, 2025 | Showing above |
| 2022 | Nov 15, 2022 | |
| 2021 | Nov 22, 2021 | |
| 2020 | Nov 20, 2020 | |
| 2019 | Nov 18, 2019 | |
| 2018 | Nov 16, 2018 | |
| 2017 | Nov 29, 2017 | |
| 2016 | Nov 18, 2016 | |
| 2015 | Nov 23, 2015 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.