| Stage | PTC | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $600M | 100.00% | $92.3B | 100.00% | MSFT ×153.79 |
| Gross profit | $490M | 81.74% | $62.6B | 67.79% | PTC +13.9pp |
| Operating income | $167M | 27.75% | $45.9B | 49.76% | MSFT +22.0pp |
| Pre-tax income | $152M | 25.40% | $46.0B | 49.80% | MSFT +24.4pp |
| Net income | $119M | 19.80% | $36.6B | 39.69% | MSFT +19.9pp |
| Stage | PTC | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $600M100.00% | $92.3B100.00% | MSFT ×153.79 |
| Gross profit | 81.74%$490M | 67.79%$62.6B | PTC +13.9pp |
| Operating income | 27.75%$167M | 49.76%$45.9B | MSFT +22.0pp |
| Pre-tax income | 25.40%$152M | 49.80%$46.0B | MSFT +24.4pp |
| Net income |
| 19.80%$119M |
| 39.69%$36.6B |
| MSFT +19.9pp |
None
No disclosed counterparties: PTC.