Skip to content
Company Analysis

Bentley Systems, Incorporated BSY

A comprehensive view of key metrics, scores, and financial health for Bentley Systems, Incorporated

Overview of Bentley Systems, Incorporated

BSY NMS
Technology Software - Application Large Cap
Bentley Systems, Incorporated (BSY), is a Large Cap company, in the Software - Application industry, last closed at $38.19, about 40.2% overvalued vs fair value, -10.0% 1Y return, placing in the top 10% of its sector.
$38.19
-0.65%
As of March 13, 2026
Previous close • Vol 90d: 39.2%
52-Week Range
Market Cap
$11.59B
Enterprise Value
$12.75B
Overall Score
Scores locked

Create a free account to see overall and pillar scores for Bentley Systems, Incorporated.

Top Beats

Quick Facts

Website https://www.bentley.com
HQ Exton, PA
Employees 5,500
Fiscal year Dec 31

Next Events

Dividend Mar 19
Earnings May 6 Estimated

Fair Value Snapshot

Bear Base Bull
$21
$23
$25
Current: $38.19 -40% vs base

Engine Room Money Flow™

Large Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$1.5B
11%%
Gross Profit
$1.2B
11.8%%
Operating Income
$362.6M
20%%
Net Income
$277.9M
18.3%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
151.6%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$356.7M
84.7% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
2/2
Improving
0
High Impact
0
Critical
Locked Leak
Upgrade to view details
Premium
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Bentley Systems, Incorporated's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
77
/100
Strong
Scores based on quantitative metrics and qualitative factors

Upgrade to unlock interactive defense details

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Strong
82
Premium
Unlock full defense details

See key signals plus strengths and risks for this moat dimension.

Upgrade for full defense analysis Premium-only evidence and insights.
For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing BSY's balance between Growth (27.2%), Profitability (46.8%), and Safety (26.0%). Growth 27% Safety 26% Profitability 47%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

48th percentile vs peers
48
Key Signals
Rev Growth YoY 11.0% 55p Revenue CAGR 3Y 11.0% 44p EPS CAGR 3Y 33.4% 76p EPS Growth YoY -28.4% 27p TSR -17.7% 39p
Strengths
  • Gross Profit Margin in top 20% of peers (81.5%, 83th percentile)
  • Operating Margin in top 20% of peers (24.1%, 88th percentile)
  • Fcf Margin in top 20% of peers (31.1%, 88th percentile)
  • Net Profit Margin in top 20% of peers (18.5%, 83th percentile)
Risks

No significant risks identified for this axis.

Profitability

83th percentile vs peers
83
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

46th percentile vs peers
46
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Bentley Systems, Incorporated.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$22.82
- - -
-40.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info