ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
PTC
PTC Inc.
PTC has the edge over ASTS overall, supported by lower modeled downside and stronger valuation.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
PTC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
PTC's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
PTC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 19x | $196 | — |
| Forward | 22x | $196 | — |
| Cheap | 26x | $269 | +37% |
| Fair | 52x | $532 | +171% |
| Expensive | 91x | $941 | +379% |
Historical ranges are pointers, not guarantees.
PTC's PE is in its cheap range at 19x, but its recent earnings include one-off gains. On analysts' estimates for next year's earnings, today's price would be 22x.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
PTC Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PTC, with profitability improving.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
PTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.98 | -13% |
| Q2 2026 | $10.28 | +142% |
| Q1 2026 | $10.42 | +185% |
| Q4 2025 | $6.79 | +109% |
| Q3 2025 | $6.08 | +95% |
| Q2 2025 | $4.25 | +73% |
| Q1 2025 | $3.65 | +52% |
| Q4 2024 | $3.25 | +64% |
| Q3 2024 | $3.12 | +51% |
PTC has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS has the edge over PTC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
PTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $600M | -6.8% |
| Q1 2026 | $774.3M | +22% |
| Q4 2025 | $685.8M | +21% |
| Q3 2025 | $893.8M | +43% |
| Q2 2025 | $643.9M | +24% |
| Q1 2025 | $636.4M | +5.5% |
| Q4 2024 | $565.1M | +2.7% |
| Q3 2024 | $626.5M | +15% |
PTC's revenue is growing: $600M last quarter, down 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 28% | -4.8 points |
| Q1 2026 | 38% | +3.1 points |
| Q4 2025 | 32% | +12 points |
| Q3 2025 | 49% | +18 points |
| Q2 2025 | 33% | +14 points |
| Q1 2025 | 35% | +5.3 points |
| Q4 2024 | 20% | -1.1 points |
| Q3 2024 | 31% | +8.8 points |
PTC has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
PTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $249.3M | +3% |
| Q1 2026 | $318.2M | +14% |
| Q4 2025 | $267.4M | +13% |
| Q3 2025 | $100.5M | +7.4% |
| Q2 2025 | $242M | +14% |
| Q1 2025 | $278.5M | +13% |
| Q4 2024 | $235.7M | +29% |
| Q3 2024 | $93.6M | +113% |
PTC has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
PTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3% | -3.6M shares |
| 1 year | -4.6% | -5.5M shares |
| 3 years | -3.7% | -4.4M shares |
| 5 years | -3.1% | -3.6M shares |
| Available history | -2.3% | -2.7M shares |
PTC has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $500M |
| Q1 2026 | $626.1M |
| Q4 2025 | $200M |
| Q3 2025 | $75M |
| Q2 2025 | $75M |
| Q1 2025 | $75M |
| Q4 2024 | $75M |
| Q3 2023 | — |
PTC spent $1.4B buying back its own shares over the past year.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PTC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.2x | Healthy |
| Q3 2024 | 1.4x | Healthy |
PTC's net debt is less than a year of its operating earnings (EBITDA), down from 1.2 years a year ago.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
PTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.8 | Neutral |
| Stochastic | 99.0 | Overbought |
PTC's weekly RSI is 70 (neutral) and its Stochastic is 99 (overbought).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
PTC PE vs Technology Sector
| Metric | PTC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 28x | 31% below |
| PE % | 8 | 35 | 27 pts below |
PTC is trading at 19x earnings, a 31% discount to the Technology sector's median of 28x, though its recent earnings include one-off gains.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
PTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $181.3 | 8.3% above |
| 20 week MA | $154.8 | 27% above |
| 50 week MA | $152.1 | 29% above |
| 100 week MA | $166.7 | 18% above |
| 200 week MA | $163.6 | 20% above |
PTC has the edge over ASTS on trend strength, trading above more of its moving averages.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
PTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.8 | $119.9 | +58% |
| 2021 | $119.9 | $120.5 | +0.6% |
| 2022 | $120.5 | $121.3 | +0.6% |
| 2023 | $121.3 | $175.0 | +44% |
| 2024 | $175.0 | $184.5 | +5.5% |
| 2025 | $184.5 | $176.6 | -4.3% |
| 2026 YTD | $176.6 | $196.3 | +11% |
PTC has the edge over ASTS on returns for 2026, with the stronger performance.