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Side-by-side financial comparison of PTC Inc. (PTC) and TFI International Inc. (TFII). Click either name above to swap in a different company.

TFI International Inc. is the larger business by last-quarter revenue ($921.9M vs $685.8M, roughly 1.3× PTC Inc.).

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.

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...

PTC vs TFII — Head-to-Head

Bigger by revenue
TFII
TFII
1.3× larger
TFII
$921.9M
$685.8M
PTC

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
PTC
PTC
TFII
TFII
Revenue
$685.8M
$921.9M
Net Profit
$166.5M
Gross Margin
82.8%
Operating Margin
32.2%
8.4%
Net Margin
24.3%
Revenue YoY
21.4%
Net Profit YoY
102.5%
EPS (diluted)
$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
PTC
PTC
TFII
TFII
Q4 25
$685.8M
Q3 25
$893.8M
$921.9M
Q2 25
$643.9M
$2.0B
Q1 25
$636.4M
$2.0B
Q4 24
$565.1M
Q3 24
$626.5M
$1.0B
Q2 24
$518.6M
$2.3B
Q1 24
$603.1M
$1.9B
Net Profit
PTC
PTC
TFII
TFII
Q4 25
$166.5M
Q3 25
$347.8M
Q2 25
$141.3M
$98.2M
Q1 25
$162.6M
$56.0M
Q4 24
$82.2M
Q3 24
$126.5M
Q2 24
$69.0M
$117.8M
Q1 24
$114.4M
$92.8M
Gross Margin
PTC
PTC
TFII
TFII
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
PTC
PTC
TFII
TFII
Q4 25
32.2%
Q3 25
48.5%
8.4%
Q2 25
32.6%
8.4%
Q1 25
35.1%
5.8%
Q4 24
20.4%
Q3 24
31.0%
9.5%
Q2 24
18.5%
9.2%
Q1 24
29.8%
8.1%
Net Margin
PTC
PTC
TFII
TFII
Q4 25
24.3%
Q3 25
38.9%
Q2 25
21.9%
4.8%
Q1 25
25.6%
2.9%
Q4 24
14.6%
Q3 24
20.2%
Q2 24
13.3%
5.2%
Q1 24
19.0%
5.0%
EPS (diluted)
PTC
PTC
TFII
TFII
Q4 25
$1.39
Q3 25
$2.88
Q2 25
$1.17
Q1 25
$1.35
Q4 24
$0.68
Q3 24
$1.05
Q2 24
$0.57
Q1 24
$0.95

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTC
PTC
TFII
TFII
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
PTC
PTC
TFII
TFII
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.4B
Q4 24
$1.0B
Q3 24
$1.2B
Q2 24
$1.3B
Q1 24
$1.5B
Stockholders' Equity
PTC
PTC
TFII
TFII
Q4 25
$3.8B
Q3 25
$3.8B
Q2 25
$3.5B
Q1 25
$3.4B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.0B
Q1 24
$2.9B
Total Assets
PTC
PTC
TFII
TFII
Q4 25
$6.4B
Q3 25
$6.6B
Q2 25
$6.2B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.4B
Q2 24
$6.1B
Q1 24
$6.2B
Debt / Equity
PTC
PTC
TFII
TFII
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.34×
Q1 25
0.40×
Q4 24
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
PTC
PTC
TFII
TFII
Operating Cash FlowLast quarter
$269.7M
Free Cash FlowOCF − Capex
$267.4M
FCF MarginFCF / Revenue
39.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.62×
TTM Free Cash FlowTrailing 4 quarters
$888.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTC
PTC
TFII
TFII
Q4 25
$269.7M
Q3 25
$104.0M
Q2 25
$243.9M
Q1 25
$281.3M
Q4 24
$238.4M
Q3 24
$98.1M
Q2 24
$213.8M
Q1 24
$250.7M
Free Cash Flow
PTC
PTC
TFII
TFII
Q4 25
$267.4M
Q3 25
$100.5M
Q2 25
$242.0M
Q1 25
$278.5M
Q4 24
$235.7M
Q3 24
$93.6M
Q2 24
$212.2M
Q1 24
$247.1M
FCF Margin
PTC
PTC
TFII
TFII
Q4 25
39.0%
Q3 25
11.2%
Q2 25
37.6%
Q1 25
43.8%
Q4 24
41.7%
Q3 24
14.9%
Q2 24
40.9%
Q1 24
41.0%
Capex Intensity
PTC
PTC
TFII
TFII
Q4 25
0.3%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.7%
Q2 24
0.3%
Q1 24
0.6%
Cash Conversion
PTC
PTC
TFII
TFII
Q4 25
1.62×
Q3 25
0.30×
Q2 25
1.73×
Q1 25
1.73×
Q4 24
2.90×
Q3 24
0.78×
Q2 24
3.10×
Q1 24
2.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PTC
PTC

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

TFII
TFII

Segment breakdown not available.

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