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PTC

PTC Inc.
CIK 0000857005 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
47.8
composite ยท 5 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-07 ยท FY 2016-09-30 ยท TRIGGERED70.0

Pension underfunding

[FY2016 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 67% funded โ€” -$31M deficit (4% of equity)
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-11-16) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 92695000,
  "plan_assets": 61935000,
  "funded_ratio": 0.6682,
  "deficit": -30760000,
  "deficit_vs_equity": 0.0365,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/857005/000085700518000025/0000857005-18-000025-index.htm",
    "form": "10-K",
    "filed": "2018-11-16"
  }
}
P-12 ยท FY 2025-09-30 ยท TRIGGERED63.6

Restatement predictor

F-Score 1.91 โ€” misstatement risk 1.9x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-21) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.907,
  "probability": 0.00706,
  "components": {
    "rsst": -0.0206,
    "drec": 0.0214,
    "dinv": null,
    "soft": 0.9629,
    "dcs": 0.1312,
    "droa": 0.052,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/0001193125-25-291326-index.htm",
    "form": "10-K",
    "filed": "2025-11-21"
  }
}
P-01 ยท FY 2025-09-30 ยท CLEAN32.3

Earnings quality

Beneish M-Score -2.37 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-21) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.371,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.975,
    "GMI": 1,
    "AQI": 0.996,
    "SGI": 1.192,
    "DEPI": 0.94,
    "SGAI": 1,
    "LVGI": 0.803,
    "TATA": -0.02
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0206,
  "inputs": {
    "revenue_t": 2739226000,
    "revenue_t1": 2298472000,
    "total_assets_t": 6617172000,
    "net_income_t": 733997000,
    "cfo_t": 867696000
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/0001193125-25-291326-index.htm",
    "form": "10-K",
    "filed": "2025-11-21"
  }
}
P-05 ยท FY 2025-09-30 ยท CLEAN0.0

Tax arbitrage

ETR 20.2% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-21) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-09-30": 0.2023,
    "2024-09-30": 0.1975,
    "2023-09-30": 0.2617
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-09-30": 0.0077,
    "2024-09-30": 0.0125,
    "2023-09-30": -0.0517
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/0001193125-25-291326-index.htm",
    "form": "10-K",
    "filed": "2025-11-21"
  }
}
P-13 ยท FY 2025-09-30 ยท CLEAN0.0

Zombie / distress

Interest coverage 12.76x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-21) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-09-30": 12.755,
    "2024-09-30": 4.915,
    "2023-09-30": 3.543,
    "2022-09-30": 8.244
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.608,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 982385000,
    "interest_expense_t": 77019000
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/857005/000119312525291326/0001193125-25-291326-index.htm",
    "form": "10-K",
    "filed": "2025-11-21"
  }
}