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BENTLEY SYSTEMS INC

BSY

$35.19 ▼ -0.16 (-0.45%) at close

9 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

BENTLEY SYSTEMS INC shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $11.1B

Dividend Yield 0.80%

Revenue Growth 11.0% ↗

Op. Margin 24.1% ↗

ROIC 11.7% ↗

FCF / Share $1.65 ↗

Trailing P/E 40.0x

Price / Book 9.3x

FCF Yield 4.7%

Debt / Equity 1.05

info Valuation on last close. End-of-day price, Aug 7, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.50B

↑ +11.0% —

Net Income Profit after all expenses

$277.86M

↑ +18.3% —

Operating Margin Operating profit as % of sales

24.1%

↑ +8.1% 81th

FCF / Share Free cash flow per share

$1.65

↑ +23.6% —

Long-Term Debt Long-term obligations

$1.25B

↓ -10.0% —

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Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$0.28 Latest / share

+16.7% YoY

+19.6% 8-yr CAGR

FY 2017

$0.08

FY 2018

$0.10

FY 2019

$1.62

FY 2020

$0.12

FY 2021

$0.12

FY 2022

$0.20

FY 2023

$0.24

FY 2024

$0.28

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue Growth YoY (%)	11.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-8%)	10.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	11.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	13.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	20.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+70%)	8.8% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-27%)	6.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-46%)	—	—
EPS Growth YoY (%)	17.3% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-28.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	84.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	90.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-31.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	22.2% Good Good Year-over-year change in earnings per share Optimal: > 10%	-28.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	18.3% Good ↓ Good Declining Year-over-year change in net income	-28.2% Weak ↓ Weak Declining Year-over-year change in net income	87.0% Excellent ↑ Excellent Improving Year-over-year change in net income	87.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-26.3% Weak ↓ Weak Declining Year-over-year change in net income	22.7% Good Good Year-over-year change in net income	-27.5% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	23.6% Good ↑ Good Improving Year-over-year change in free cash flow	6.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	51.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-6.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	6.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	53.3% Excellent Excellent Year-over-year change in free cash flow	8.9% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	11.0% Good ↓ Good Declining Compound annual revenue growth over 3 years	11.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	14.3% Good Good Compound annual revenue growth over 3 years	11.7% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	13.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.9% Excellent Excellent Compound annual revenue growth over 5 years	12.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	15.6% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	35.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	33.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.6% Excellent Excellent Compound annual EPS growth over 3 years	-15.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Operating Margin (%) (%)	24.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	22.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	18.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	19.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-5%)	9.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	18.7% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	19.3% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	17.5% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	—
Profit Margin (%) (%)	18.5% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	17.4% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	26.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+77%)	15.9% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	9.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	15.8% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	14.0% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	20.5% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	—
FCF Margin (%) (%)	34.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	23.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	20.7% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.87x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.79x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.90x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.91x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.50x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Return on Invested Capital (%)	11.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	20.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	19.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	65.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	10.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	13.3% Good Good Operating profit relative to total assets Optimal: > 10%	14.3% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	23.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+26%)	22.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	37.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+100%)	—	—	37.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+100%)	30.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	96.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+421%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Debt to Equity (x)	1.05x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+133%)	1.33x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+196%)	1.73x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+285%)	—	—	0.72x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+60%)	0.70x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+55%)	—	—
Interest Coverage (x)	47.83x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.81x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	6.59x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.95x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	8.21x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	18.98x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.58x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	12.64x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.13B	$1.32B	$1.46B	$1.71B	$1.11B	$123.99M	$112.65M	—	—
Debt / EBITDA (x)	3.44x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.59x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.63x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.36x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.74x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.32x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.34x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Revenue per Share (USD)	$4.77	$4.30	$3.93	$3.55	$3.16	$2.77	$2.59	$2.42	—
Basic EPS, GAAP (USD)	$0.88	$0.75	$1.05	$0.57	$0.30	$0.44	$0.36	$0.50	—
Free Cash Flow per Share (USD)	$1.65	$1.34	$1.25	$0.83	$0.88	$0.83	$0.54	$0.50	—
Dividend per Share (USD)	$0.28	$0.24	$0.20	$0.12	$0.12	$1.62	$0.10	$0.08	—
Book Value per Share (USD)	$3.78	$3.31	$2.83	—	—	$1.18	$1.18	$0.52	—
Tangible Book Value per Share (USD)	$-4.72	$-4.89	$-5.23	—	—	$-0.98	$-0.67	$-1.05	—
Basic Weighted Avg Shares (shares)	314.69M	314.89M	312.36M	309.23M	305.71M	289.86M	284.63M	285.81M	—
Dividend Payout Ratio (%)	31.8% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	32.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	19.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	21.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	40.0% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	368.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	27.8% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	16.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Working Capital (USD)	$-421.18M	$-372.26M	$-340.81M	$-212.46M	$21.96M	$-125.30M	$-38.85M	—	—
LT Debt (USD)	$1.25B	$1.39B	$1.53B	$1.78B	$1.44B	$246.00M	$233.75M	—	—
Total Equity (USD)	$1.19B	$1.04B	$883.28M	—	—	$341.60M	$334.62M	$147.43M	$52.17M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗
Sales/Revenue/Turnover (USD)	$1.50B	$1.35B	$1.23B	$1.10B	$965.05M	$801.54M	$736.65M	$691.71M	—
Depreciation Expense (USD)	—	—	—	$71.54M	$52.79M	$36.12M	$32.16M	$29.20M	—
Net Income, GAAP (USD)	$277.86M	$234.79M	$326.79M	$174.78M	$93.19M	$126.52M	$103.10M	$142.11M	—
Operating Cash Flow (USD)	$538.46M	$435.29M	$416.70M	$274.32M	$288.02M	$258.34M	$170.77M	$161.47M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 9 years · 30 quarters

BENTLEY SYSTEMS INC

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

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