Full-Time
Posted on 11/1/2025
Product lifecycle management software and services
$89k - $130k/yr
Boston, MA, USA
Hybrid
2 days on-site per week in Boston
PTC provides product lifecycle management (PLM) software and related services for discrete manufacturers. It helps companies manage the full lifecycle of a product—from inception and engineering design to manufacturing, service, and disposal—using software licenses and subscriptions plus ongoing support. The product suite handles data and process management such as CAD data, BOMs, change control, collaboration, workflows, and analytics, often integrating with design tools to streamline development and manufacturing. The company differentiates itself by offering end-to-end lifecycle coverage for enterprise customers, backed by professional services and support, aimed at helping global manufacturers accelerate time-to-market and boost productivity. The goal is to enable digital transformation and more efficient product development and operations in manufacturing.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
1985
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Paid Vacation
Paid Sick Leave
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
PTC has completed the sale of its Kepware and ThingWorx businesses to TPG for $523 million, generating estimated net after-tax proceeds of $375 million and a $464 million gain. The transaction closed on 13 March. The company raised its fiscal 2026 free cash flow guidance to $850 million, with a transition services agreement expected to offset lost cash flow this year but create a $70 million headwind in fiscal 2027. Cash taxes are expected to rise towards GAAP rates, with fiscal 2027 taxes projected at $180–220 million. PTC plans to deploy the majority of free cash flow towards share repurchases, targeting total buybacks of $1.125–1.225 billion. The company will focus its remaining operations on intelligent product lifecycle management.
PTC has announced a new workflow connecting its cloud-native Onshape CAD platform with NVIDIA Isaac Sim, enabling robotics teams to move from design to simulation in minutes whilst maintaining a single source of truth. The integration, unveiled at NVIDIA GTC 2026, allows mechanical relationships defined in Onshape to transfer directly into Isaac Sim. When designs change, simulations update automatically, eliminating the need to manually recreate joints and actuators after exporting CAD models. FANUC America Corporation is amongst the companies adopting the workflow. The cloud-native architecture, built on Amazon Web Services, keeps design and simulation synchronised throughout development, supporting faster iteration in robotics engineering. The integration aims to accelerate development cycles and reduce errors by removing friction in traditional manual handoff processes between design and simulation teams.
PTC, a software company trading at $155.89 on Nasdaq, is demonstrating strong operational efficiency whilst facing slower subscription revenue growth. The company shows a customer acquisition cost payback of 16.8 months and an operating margin of 38%, indicating efficient new customer wins. However, annual recurring revenue growth stands at 11.6% year-on-year, suggesting increased difficulty in expanding existing customer relationships amid rising competition. The stock has returned 31.3% over three years and 20.2% over five years. The company faces a strategic choice between increasing sales and marketing investment to capitalise on its customer acquisition efficiency, or focusing on product and pricing adjustments to boost recurring revenue per customer. How management navigates this balance will be crucial for future performance.
PTC, a software provider for product design and development, has dropped 21.4% over six months to $162.75 per share, now trading at 6.9× forward price-to-sales. The company demonstrates strong operational efficiency with a customer acquisition cost payback period of 16.8 months and an operating margin of 38% over the past year. These metrics suggest effective management and rapid recovery of sales investments. However, annual recurring revenue of $2.49 billion grew just 11.6% year-on-year on average over the last four quarters, indicating weaker demand and potential competitive pressures in securing long-term customer commitments. Originally Parametric Technology Corporation until 2013, PTC provides computer-aided design, product lifecycle management and related software solutions for manufacturers.
PTC's Onshape has launched a cloud-native Model-Based Definition (MBD) capability, integrated directly into its CAD and PDM platform. The system allows engineering teams to embed manufacturing information directly into 3D models, creating a single, always-current product definition. The capability includes integrated 3D annotations for design specifications, a smart inspection panel for organising product manufacturing information, and shareable MBD views accessible via browser without exports or plugins. Built on AWS infrastructure, the platform maintains intelligent links between annotations and geometry as designs evolve. The system supports downstream workflows with STEP AP242 export and integration with inspection tools like PC-DMIS and AS9102. Early adopter Bombardier reports the technology has reduced rework and review cycles for aircraft manufacturing under regulatory oversight.