Inside the research
Bentley Systems, Incorporated
BSY Research profile · latest available data
Price overview
$31.44
▼ -0.46 (-1.4%)
| 52w hi | $56.36 |
|---|---|
| 52w lo | $28.36 |
| Vol | 1.89M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.14
| Short | -0.22 |
|---|---|
| Medium | +0.34 |
| Long | +0.46 |
computed 2026-09-27
Key fundamentals
Bentley Systems, Incorporated
Technology · Software - Application
| Market cap | $9.50B |
|---|---|
| Enterprise value | $10.87B |
| Trailing P/E | 34.93x |
| Forward P/E | 19.96x |
| EV / EBITDA | 23.25x |
| P / S (ttm) | 5.93x |
| Profit margin | 18.1% |
| Return on equity | 24.5% |
| Revenue growth | +12.8% |
| Earnings growth | +14.8% |
| Debt / equity | 105.44 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.25 | |
| Sector | +0.15 | |
| Technical | -0.09 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise, as well as Cesium and iTwin platform that enables users to create and curate cloud native digital representations of physical infrastructure assets consisting of iTwin Capture, iTwin Engage, iTwin Experience, and iTwin IoT platforms. The company serves civil, structural, geotechnical, subsurface, process engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.
Risk Metrics
| Beta vs SPX | 0.68 |
|---|---|
| Corr SPX | 0.32 |
| Annual vol | 34.3% |
| Annual ret | -17.4% |
| Sharpe | -0.51 |
| Max DD | -51.6% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $46.64 |
|---|---|
| High / Low | $61.00 / $40.00 |
| Median | $45.00 |
| Analysts | 14 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 8 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-08 | Piper Sandler | → Overweight |
| 2026-05-08 | Mizuho | → Outperform |
| 2026-05-04 | UBS | → Neutral |
| 2026-03-06 | Barclays | → Equal-Weight |
| 2026-03-02 | Piper Sandler | → Neutral |
| 2026-02-27 | Oppenheimer | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-06 | Earnings Release, Exhibits | read |
| 2026-05-26 | Shareholder Vote, Other Material Event… | read |
| 2026-05-07 | Earnings Release, Exhibits | read |
| 2026-04-27 | Material Agreement, Material Obligation… | read |
| 2026-02-26 | Earnings Release, Other Material Event… | read |
| 2025-11-21 | Other Material Event, Exhibits | read |
| 2025-11-05 | Earnings Release, Exhibits | read |
| 2025-10-14 | Other Material Event, Exhibits | read |
| 2025-09-12 | Other Material Event, Exhibits | read |
| 2025-08-06 | Earnings Release, Exhibits | read |
| 2025-05-27 | Shareholder Vote, Other Material Event… | read |
| 2025-05-07 | Earnings Release, Exhibits | read |
Dividends
| Yield (TTM) | 0.45% |
|---|---|
| $ / share (TTM) | $0.14 |
| 5y CAGR | +56.3% |
Annual dividend per share
| 2021 | $0.12 |
|---|---|
| 2022 | $0.12 |
| 2023 | $0.20 |
| 2024 | $0.24 |
| 2025 | $0.28 |
| 2026 | $0.07 |
SEC Filings
The Long Run
FY 2020–2025 · 6 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.35B | +43.5% | |
| Gross profit | $1.22B | +50.7% | |
| Operating income | $230.54M | +32.9% | |
| Net income | $326.79M | +41.8% | |
| Cash from ops | $435.29M | +43.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $31.72 | $32.18 | $31.38 | $31.44 | 1.89M |
| Sep 24 | $32.80 | $32.80 | $31.72 | $31.90 | 1.68M |
| Sep 23 | $31.89 | $33.05 | $31.63 | $32.72 | 3.11M |
| Sep 22 | $32.51 | $32.69 | $31.40 | $31.86 | 2.65M |
| Sep 21 | $32.52 | $32.88 | $31.87 | $31.96 | 3.02M |
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