NASDAQ Shariah screener · October 2026

Is PTC Inc. (PTC) Halal?

PASS

PTC Inc. · NASDAQ: PTC · Technology

The short answer

PTC Inc. passes all three Shariah gates: it sells subscription industrial software (Creo CAD, Windchill PLM) with no haram segments, carries $1.43 billion of interest-bearing debt (9.6% of its ~$14.8 billion market cap), and interest income of about 0.12% of revenue is far under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. PTC Inc., headquartered in Boston, MA, is a global subscription software company. Per its FY2025 Form 10-K (fiscal year ended September 30, 2025, filed November 21, 2025), it sells CAD software (Creo), product lifecycle management software (Windchill), application lifecycle management software (Codebeamer, pure::variants), and service lifecycle management software, with about 95% recurring revenue.

The company is not an interest-based lender and has no alcohol, tobacco, gambling, or pork segments — subscription software passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (9.6%, ceiling 33%). Per the MD&A "Outstanding Debt" table and Note 10 of PTC's Q3 FY2026 Form 10-Q (period ended June 30, 2026), gross interest-bearing debt was $1,425.1 million: $500.0 million of 4.000% Senior notes due 2028, $475.0 million drawn on the revolving credit facility, and $450.1 million of term loan ($25 million of the term loan classified as current). Operating lease liabilities are excluded — they are not interest-bearing debt.

$1.43 billion against a market capitalization of about $14.8 billion (Finnhub, October 2, 2026) is 9.6%, well under the 33% ceiling. Cash and cash equivalents of $351.5 million at June 30, 2026 represent about 2.4% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.12%, ceiling 5%). PTC's FY2025 Form 10-K separately discloses interest income in the MD&A results-of-operations "Other income" table: "Interest income $3.4 … $4.4 … (22)%" — $3.4 million in FY2025 versus $4.4 million in FY2024.

$3.4 million of interest income against FY2025 revenue of $2,739.2 million is about 0.12%, far under the 5% ceiling. The Q3 FY2026 10-Q reports $4.1 million of interest income for the nine months ended June 30, 2026.

Key figures used

Business: subscription industrial software - Creo (CAD), Windchill (PLM), Codebeamer and pure::variants (ALM), service lifecycle management; ~95% recurring revenue; HQ Boston, MA; fiscal year ends September 30
Haram assessment: no interest-based lending, alcohol, tobacco, gambling, or pork segments; verticals include industrials, aerospace & defense, electronics, automotive, medtech
Debt: $1,425.1M interest-bearing at June 30, 2026 (4.000% Senior notes due 2028 $500M + revolver $475M + term loan $450.1M) - 9.6% of ~$14.8B market cap (Finnhub, Oct 2, 2026) - well under the 33% ceiling
Cash: $351.5M cash and cash equivalents at June 30, 2026 (~2.4% of market cap); no marketable securities line
Interest income: $3.4M in FY2025 (10-K MD&A 'Other income' table) vs $2,739.2M revenue = 0.12% - far under the 5% ceiling (9M FY2026: $4.1M)
Market data: NASDAQ Global Select Market; still listed (confirmed October 2, 2026; live quotes, no delisting)
Third-party: Zoya publishes a PTC page and rates it Shariah-compliant; Musaffa classifies PTC as halal (Oct 2026, AAOIFI); no ShariaPortfolio per-stock page found

Frequently asked questions

What does PTC Inc. do?

PTC Inc. (NASDAQ: PTC), headquartered in Boston, MA, is a global subscription software company for industrial manufacturers. Per its FY2025 Form 10-K (fiscal year ended September 30, 2025, filed November 21, 2025), its products include Creo computer-aided design software, Windchill product lifecycle management software, Codebeamer and pure::variants application lifecycle management software, and service lifecycle management software. About 95% of its revenue is recurring.

Is PTC Inc.'s business Shariah compliant?

PTC sells industrial software subscriptions - it is not an interest-based lender and has no alcohol, tobacco, gambling, or pork segments. Its software is sold into verticals including industrials, aerospace and defense, electronics, automotive, and medtech/life sciences. The business passes this screener's first gate.

How much interest-bearing debt does PTC Inc. have?

PTC's interest-bearing debt was $1,425.1 million at June 30, 2026 - $500.0 million of 4.000% Senior notes due 2028, $475.0 million drawn on its revolving credit facility, and $450.1 million of term loan - per the 'Outstanding Debt' table and Note 10 of its Q3 FY2026 Form 10-Q. Operating lease liabilities are excluded as they are not interest-bearing debt. $1.43 billion against a market capitalization of about $14.8 billion (Finnhub, October 2, 2026) is 9.6%, well under the 33% ceiling.

How much interest income does PTC Inc. earn?

PTC's FY2025 Form 10-K separately discloses interest income in the MD&A 'Other income' table: 'Interest income $3.4 ... $4.4 ... (22)%' - $3.4 million in FY2025 versus $4.4 million in FY2024. $3.4 million against FY2025 revenue of $2,739.2 million is about 0.12% - far under the 5% non-compliant income ceiling. (The Q3 FY2026 10-Q reports $4.1 million of interest income for the nine months ended June 30, 2026.)

What do third-party Shariah screeners say about PTC Inc.?

Zoya publishes a PTC page and rates the stock Shariah-compliant under its AAOIFI methodology. Musaffa publishes a PTC page and classifies it as halal as of October 2026 (AAOIFI methodology). I could not find a ShariaPortfolio per-stock rating page for PTC. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).