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PTC Inc.（PTC）与EXPRO GROUP HOLDINGS N.V.（XPRO）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是EXPRO GROUP HOLDINGS N.V.的1.8倍（$685.8M vs $382.1M），PTC Inc.净利率更高（24.3% vs 1.5%，领先22.8%），PTC Inc.同比增速更快（21.4% vs -12.5%），PTC Inc.自由现金流更多（$267.4M vs $23.2M），过去两年PTC Inc.的营收复合增速更高（6.6% vs -0.2%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
PTC vs XPRO — 直观对比
营收规模更大
PTC
是对方的1.8倍
$382.1M
营收增速更快
PTC
高出33.9%
-12.5%
净利率更高
PTC
高出22.8%
1.5%
自由现金流更多
PTC
多$244.2M
$23.2M
两年增速更快
PTC
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $382.1M |
| 净利润 | $166.5M | $5.8M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 32.2% | 3.1% |
| 净利率 | 24.3% | 1.5% |
| 营收同比 | 21.4% | -12.5% |
| 净利润同比 | 102.5% | -74.9% |
| 每股收益（稀释后） | $1.39 | $0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PTCXPRO
| Q4 25 | $685.8M | $382.1M | ||
| Q3 25 | $893.8M | $411.4M | ||
| Q2 25 | $643.9M | $422.7M | ||
| Q1 25 | $636.4M | $390.9M | ||
| Q4 24 | $565.1M | $436.8M | ||
| Q3 24 | $626.5M | $422.8M | ||
| Q2 24 | $518.6M | $469.6M | ||
| Q1 24 | $603.1M | $383.5M |
净利润PTCXPRO
| Q4 25 | $166.5M | $5.8M | ||
| Q3 25 | $347.8M | $14.0M | ||
| Q2 25 | $141.3M | $18.0M | ||
| Q1 25 | $162.6M | $13.9M | ||
| Q4 24 | $82.2M | $23.0M | ||
| Q3 24 | $126.5M | $16.3M | ||
| Q2 24 | $69.0M | $15.3M | ||
| Q1 24 | $114.4M | $-2.7M |
毛利率PTCXPRO
| 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% | — |
营业利润率PTCXPRO
| Q4 25 | 32.2% | 3.1% | ||
| Q3 25 | 48.5% | 6.4% | ||
| Q2 25 | 32.6% | 7.7% | ||
| Q1 25 | 35.1% | 2.6% | ||
| Q4 24 | 20.4% | 7.3% | ||
| Q3 24 | 31.0% | 6.2% | ||
| Q2 24 | 18.5% | 5.9% | ||
| Q1 24 | 29.8% | 2.2% |
净利率PTCXPRO
| Q4 25 | 24.3% | 1.5% | ||
| Q3 25 | 38.9% | 3.4% | ||
| Q2 25 | 21.9% | 4.3% | ||
| Q1 25 | 25.6% | 3.6% | ||
| Q4 24 | 14.6% | 5.3% | ||
| Q3 24 | 20.2% | 3.8% | ||
| Q2 24 | 13.3% | 3.3% | ||
| Q1 24 | 19.0% | -0.7% |
每股收益（稀释后）PTCXPRO
| Q4 25 | $1.39 | $0.05 | ||
| Q3 25 | $2.88 | $0.12 | ||
| Q2 25 | $1.17 | $0.16 | ||
| Q1 25 | $1.35 | $0.12 | ||
| Q4 24 | $0.68 | $0.20 | ||
| Q3 24 | $1.05 | $0.14 | ||
| Q2 24 | $0.57 | $0.13 | ||
| Q1 24 | $0.95 | $-0.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $209.7M | $196.1M |
| 总债务越低越好 | $1.2B | $79.1M |
| 股东权益账面价值 | $3.8B | $1.5B |
| 总资产 | $6.4B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资PTCXPRO
| Q4 25 | $209.7M | $196.1M | ||
| Q3 25 | $184.4M | $197.9M | ||
| Q2 25 | $199.3M | $206.8M | ||
| Q1 25 | $235.2M | $179.3M | ||
| Q4 24 | $196.3M | $183.0M | ||
| Q3 24 | $265.8M | $165.7M | ||
| Q2 24 | $247.7M | $133.5M | ||
| Q1 24 | $249.0M | $163.2M |
总债务PTCXPRO
| Q4 25 | $1.2B | $79.1M | ||
| Q3 25 | $1.2B | $99.1M | ||
| Q2 25 | $1.2B | $121.1M | ||
| Q1 25 | $1.4B | $121.1M | ||
| Q4 24 | $1.0B | $121.1M | ||
| Q3 24 | $1.2B | $121.1M | ||
| Q2 24 | $1.3B | $121.1M | ||
| Q1 24 | $1.5B | $40.0M |
股东权益PTCXPRO
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.5B | $1.5B | ||
| Q1 25 | $3.4B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.2B | $1.5B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $2.9B | $1.3B |
总资产PTCXPRO
| Q4 25 | $6.4B | $2.3B | ||
| Q3 25 | $6.6B | $2.3B | ||
| Q2 25 | $6.2B | $2.3B | ||
| Q1 25 | $6.2B | $2.3B | ||
| Q4 24 | $6.1B | $2.3B | ||
| Q3 24 | $6.4B | $2.3B | ||
| Q2 24 | $6.1B | $2.3B | ||
| Q1 24 | $6.2B | $2.0B |
负债/权益比PTCXPRO
| Q4 25 | 0.31× | 0.05× | ||
| Q3 25 | 0.31× | 0.07× | ||
| Q2 25 | 0.34× | 0.08× | ||
| Q1 25 | 0.40× | 0.08× | ||
| Q4 24 | 0.32× | 0.08× | ||
| Q3 24 | 0.38× | 0.08× | ||
| Q2 24 | 0.43× | 0.08× | ||
| Q1 24 | 0.51× | 0.03× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $269.7M | $57.1M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $23.2M |
| 自由现金流率自由现金流/营收 | 39.0% | 6.1% |
| 资本支出强度资本支出/营收 | 0.3% | 8.9% |
| 现金转化率经营现金流/净利润 | 1.62× | 9.89× |
| 过去12个月自由现金流最近4个季度 | $888.4M | $97.8M |
8季度趋势，按日历期对齐
经营现金流PTCXPRO
| Q4 25 | $269.7M | $57.1M | ||
| Q3 25 | $104.0M | $63.2M | ||
| Q2 25 | $243.9M | $48.4M | ||
| Q1 25 | $281.3M | $41.5M | ||
| Q4 24 | $238.4M | $97.4M | ||
| Q3 24 | $98.1M | $55.3M | ||
| Q2 24 | $213.8M | $-13.2M | ||
| Q1 24 | $250.7M | $29.9M |
自由现金流PTCXPRO
| Q4 25 | $267.4M | $23.2M | ||
| Q3 25 | $100.5M | $39.0M | ||
| Q2 25 | $242.0M | $27.2M | ||
| Q1 25 | $278.5M | $8.4M | ||
| Q4 24 | $235.7M | $53.0M | ||
| Q3 24 | $93.6M | $23.3M | ||
| Q2 24 | $212.2M | $-49.5M | ||
| Q1 24 | $247.1M | $-801.0K |
自由现金流率PTCXPRO
| Q4 25 | 39.0% | 6.1% | ||
| Q3 25 | 11.2% | 9.5% | ||
| Q2 25 | 37.6% | 6.4% | ||
| Q1 25 | 43.8% | 2.1% | ||
| Q4 24 | 41.7% | 12.1% | ||
| Q3 24 | 14.9% | 5.5% | ||
| Q2 24 | 40.9% | -10.5% | ||
| Q1 24 | 41.0% | -0.2% |
资本支出强度PTCXPRO
| Q4 25 | 0.3% | 8.9% | ||
| Q3 25 | 0.4% | 5.9% | ||
| Q2 25 | 0.3% | 5.0% | ||
| Q1 25 | 0.4% | 8.5% | ||
| Q4 24 | 0.5% | 10.2% | ||
| Q3 24 | 0.7% | 7.6% | ||
| Q2 24 | 0.3% | 7.7% | ||
| Q1 24 | 0.6% | 8.0% |
现金转化率PTCXPRO
| Q4 25 | 1.62× | 9.89× | ||
| Q3 25 | 0.30× | 4.52× | ||
| Q2 25 | 1.73× | 2.69× | ||
| Q1 25 | 1.73× | 2.98× | ||
| Q4 24 | 2.90× | 4.23× | ||
| Q3 24 | 0.78× | 3.40× | ||
| Q2 24 | 3.10× | -0.86× | ||
| Q1 24 | 2.19× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
