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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and PTC Inc. (PTC). Click either name above to swap in a different company.

PTC Inc. is the larger business by last-quarter revenue ($685.8M vs $389.0M, roughly 1.8× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 24.3%, a 53.4% gap on every dollar of revenue. On growth, PTC Inc. posted the faster year-over-year revenue change (21.4% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $267.4M). Over the past eight quarters, PTC Inc.'s revenue compounded faster (6.6% CAGR vs -2.2%).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

PTC Inc. is an American computer software and services company founded in 1985 and headquartered in Boston, Massachusetts. The company was a pioneer in parametric, associative feature-based, solid computer-aided design (CAD) modeling software in 1988, including an Internet-based product for Product Lifecycle Management (PLM) in 1998. PTC markets products and services and an Internet of Things (IoT) and augmented reality (AR) platform for partners and developers.

CNA vs PTC — Head-to-Head

Bigger by revenue
PTC
PTC
1.8× larger
PTC
$685.8M
$389.0M
CNA
Growing faster (revenue YoY)
PTC
PTC
+23.4% gap
PTC
21.4%
-2.0%
CNA
Higher net margin
CNA
CNA
53.4% more per $
CNA
77.6%
24.3%
PTC
More free cash flow
CNA
CNA
$274.6M more FCF
CNA
$542.0M
$267.4M
PTC
Faster 2-yr revenue CAGR
PTC
PTC
Annualised
PTC
6.6%
-2.2%
CNA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CNA
CNA
PTC
PTC
Revenue
$389.0M
$685.8M
Net Profit
$302.0M
$166.5M
Gross Margin
82.8%
Operating Margin
97.2%
32.2%
Net Margin
77.6%
24.3%
Revenue YoY
-2.0%
21.4%
Net Profit YoY
1338.1%
102.5%
EPS (diluted)
$1.11
$1.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNA
CNA
PTC
PTC
Q4 25
$389.0M
$685.8M
Q3 25
$393.0M
$893.8M
Q2 25
$398.0M
$643.9M
Q1 25
$397.0M
$636.4M
Q4 24
$397.0M
$565.1M
Q3 24
$401.0M
$626.5M
Q2 24
$404.0M
$518.6M
Q1 24
$407.0M
$603.1M
Net Profit
CNA
CNA
PTC
PTC
Q4 25
$302.0M
$166.5M
Q3 25
$403.0M
$347.8M
Q2 25
$299.0M
$141.3M
Q1 25
$274.0M
$162.6M
Q4 24
$21.0M
$82.2M
Q3 24
$283.0M
$126.5M
Q2 24
$317.0M
$69.0M
Q1 24
$338.0M
$114.4M
Gross Margin
CNA
CNA
PTC
PTC
Q4 25
82.8%
Q3 25
86.9%
Q2 25
82.9%
Q1 25
83.3%
Q4 24
80.2%
Q3 24
82.0%
Q2 24
78.4%
Q1 24
81.8%
Operating Margin
CNA
CNA
PTC
PTC
Q4 25
97.2%
32.2%
Q3 25
48.5%
Q2 25
95.5%
32.6%
Q1 25
87.9%
35.1%
Q4 24
5.3%
20.4%
Q3 24
90.0%
31.0%
Q2 24
99.5%
18.5%
Q1 24
29.8%
Net Margin
CNA
CNA
PTC
PTC
Q4 25
77.6%
24.3%
Q3 25
102.5%
38.9%
Q2 25
75.1%
21.9%
Q1 25
69.0%
25.6%
Q4 24
5.3%
14.6%
Q3 24
70.6%
20.2%
Q2 24
78.5%
13.3%
Q1 24
83.0%
19.0%
EPS (diluted)
CNA
CNA
PTC
PTC
Q4 25
$1.11
$1.39
Q3 25
$1.48
$2.88
Q2 25
$1.10
$1.17
Q1 25
$1.00
$1.35
Q4 24
$0.07
$0.68
Q3 24
$1.04
$1.05
Q2 24
$1.17
$0.57
Q1 24
$1.24
$0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNA
CNA
PTC
PTC
Cash + ST InvestmentsLiquidity on hand
$209.7M
Total DebtLower is stronger
$3.0B
$1.2B
Stockholders' EquityBook value
$11.6B
$3.8B
Total Assets
$69.4B
$6.4B
Debt / EquityLower = less leverage
0.26×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
PTC
PTC
Q4 25
$209.7M
Q3 25
$184.4M
Q2 25
$199.3M
Q1 25
$235.2M
Q4 24
$196.3M
Q3 24
$265.8M
Q2 24
$247.7M
Q1 24
$249.0M
Total Debt
CNA
CNA
PTC
PTC
Q4 25
$3.0B
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$3.0B
$1.0B
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$1.5B
Stockholders' Equity
CNA
CNA
PTC
PTC
Q4 25
$11.6B
$3.8B
Q3 25
$11.3B
$3.8B
Q2 25
$10.7B
$3.5B
Q1 25
$10.3B
$3.4B
Q4 24
$10.5B
$3.2B
Q3 24
$10.8B
$3.2B
Q2 24
$9.9B
$3.0B
Q1 24
$9.7B
$2.9B
Total Assets
CNA
CNA
PTC
PTC
Q4 25
$69.4B
$6.4B
Q3 25
$69.8B
$6.6B
Q2 25
$68.9B
$6.2B
Q1 25
$67.3B
$6.2B
Q4 24
$66.5B
$6.1B
Q3 24
$67.4B
$6.4B
Q2 24
$65.2B
$6.1B
Q1 24
$65.1B
$6.2B
Debt / Equity
CNA
CNA
PTC
PTC
Q4 25
0.26×
0.31×
Q3 25
0.31×
Q2 25
0.34×
Q1 25
0.40×
Q4 24
0.28×
0.32×
Q3 24
0.38×
Q2 24
0.43×
Q1 24
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNA
CNA
PTC
PTC
Operating Cash FlowLast quarter
$570.0M
$269.7M
Free Cash FlowOCF − Capex
$542.0M
$267.4M
FCF MarginFCF / Revenue
139.3%
39.0%
Capex IntensityCapex / Revenue
7.2%
0.3%
Cash ConversionOCF / Net Profit
1.89×
1.62×
TTM Free Cash FlowTrailing 4 quarters
$2.4B
$888.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
PTC
PTC
Q4 25
$570.0M
$269.7M
Q3 25
$720.0M
$104.0M
Q2 25
$562.0M
$243.9M
Q1 25
$638.0M
$281.3M
Q4 24
$703.0M
$238.4M
Q3 24
$748.0M
$98.1M
Q2 24
$616.0M
$213.8M
Q1 24
$504.0M
$250.7M
Free Cash Flow
CNA
CNA
PTC
PTC
Q4 25
$542.0M
$267.4M
Q3 25
$704.0M
$100.5M
Q2 25
$538.0M
$242.0M
Q1 25
$620.0M
$278.5M
Q4 24
$665.0M
$235.7M
Q3 24
$730.0M
$93.6M
Q2 24
$597.0M
$212.2M
Q1 24
$484.0M
$247.1M
FCF Margin
CNA
CNA
PTC
PTC
Q4 25
139.3%
39.0%
Q3 25
179.1%
11.2%
Q2 25
135.2%
37.6%
Q1 25
156.2%
43.8%
Q4 24
167.5%
41.7%
Q3 24
182.0%
14.9%
Q2 24
147.8%
40.9%
Q1 24
118.9%
41.0%
Capex Intensity
CNA
CNA
PTC
PTC
Q4 25
7.2%
0.3%
Q3 25
4.1%
0.4%
Q2 25
6.0%
0.3%
Q1 25
4.5%
0.4%
Q4 24
9.6%
0.5%
Q3 24
4.5%
0.7%
Q2 24
4.7%
0.3%
Q1 24
4.9%
0.6%
Cash Conversion
CNA
CNA
PTC
PTC
Q4 25
1.89×
1.62×
Q3 25
1.79×
0.30×
Q2 25
1.88×
1.73×
Q1 25
2.33×
1.73×
Q4 24
33.48×
2.90×
Q3 24
2.64×
0.78×
Q2 24
1.94×
3.10×
Q1 24
1.49×
2.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNA
CNA

Segment breakdown not available.

PTC
PTC

Support And Cloud Services$393.3M57%
License$269.7M39%
Technology Service$22.9M3%
Perpetual License$5.6M1%

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