Sunday 11 October 2026 Export all BSY data to Excel Powerpack

Bentley Systems, Incorporated

Bentley Systems, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.0% from fiscal 2024. In the quarter to June 2026, revenue grew 12.8%, EPS grew 13.6%, free cash flow grew 11.9% and total debt fell 2.30%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

34.97 0.15 +0.43%

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Market cap: $10.5B
P/E: 37.6×
Fwd P/E: 28.9×
Dividend yield: 0.80%
F-score: 9/9
Altman Z: 3.65
Beneish M: −2.74
Dividend safety: 68/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	1	—	—	—	—	—	—	—

Insider Ownership 50.48%

Capital & Financial Ratios $m

Market Cap 10,520.00

Revenue 1,602.04

Net Income 289.82

Free Cash Flow 498.50

Net Debt 1,070.20

Current Ratio 0.59

Debt/Equity 1.01

P/E ratio 37.60

Fwd P/E 28.90

P/S ratio 6.81

P/B ratio 9.07

Past 5Y EPS Growth 14.71%

This Y EPS Growth 15.83%

Next Y EPS Growth 12.35%

Next Y revenue growth 12.87%

Next 5Y EPS Growth 14.79%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 6.45%

10-year low 10-year high

P/S against its own 10 years 6.32%

10-year low 10-year high

P/B against its own 10 years 7.97%

10-year low 10-year high

EV/Sales against its own 10 years 6.19%

10-year low 10-year high

EV/FCF against its own 10 years 7.77%

10-year low 10-year high

Dividends

Payout Ratio 0.31

Annual Dividend Rate 0.28

Annual Dividend Yield 0.80%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.28	0.07 0.07 0.07
2025	0.28	0.07 0.07 0.07 0.07
2024	0.24	0.06 0.06 0.06 0.06
2023	0.20	0.05 0.05 0.05 0.05
2022	0.12	0.03 0.03 0.03 0.03
2021	0.12	0.03 0.03 0.03 0.03
2020	0.03	0.03

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	68	64	123	147
Receivables	294	314	343	359
Inventory	—	—	—	—
Other	—	—	—	—
	420	442	539	588

	2023	2024	2025	Q'26
Payables	18	16	27	23
ST’ Debt	10	—	—	7
Other	—	367	463	496
	760	814	960	988

Compound Annual Growth %

	10y	5y	3y
Sales	—	13.38%	10.97%
Cash Flow	—	15.82%	25.21%
Earnings	—	17.08%	16.72%
Book Value	—	28.34%	27.53%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	424	411	—	—	—
’25	371	364	376	392	1,502
’24	338	330	335	350	1,353
’23	314	297	307	311	1,228
’22	276	268	268	287	1,099
’21	222	224	251	268	965
’20	195	184	203	220	802

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	193	72	—	—	—
’25	219	61	116	142	538
’24	205	63	86	82	435
’23	176	81	73	87	417
’22	102	67	69	36	274
’21	133	16	58	81	288
’20	73	64	40	82	258

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	188	64	—	—	—
’25	216	57	111	136	520
’24	201	59	84	76	421
’23	172	74	65	81	392
’22	100	65	63	31	258
’21	130	14	52	74	270
’20	68	58	36	79	242

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.30	0.25	—	—	—
’25	0.28	0.22	0.18	0.18	0.83
’24	0.22	0.22	0.13	0.16	0.72
’23	0.14	0.15	0.16	0.54	1.00
’22	0.18	0.17	0.12	0.08	0.55
’21	0.18	0.14	(0.16)	0.12	0.30
’20	0.10	0.13	0.02	0.17	0.42

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	27.00	38.63	26.32	33.75	43.82	36.51	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	41.17	71.92	48.91	55.37	57.19	59.25
People
People	Employees	—	—	—	4,010	4,104	4,626	5,000	5,200	5,500	7,900
	Revenue/emp, $m	—	—	0.00	0.18	0.20	0.21	0.22	0.24	0.25	0.19
Income, $m
Income, $m	Revenue	—	—	692	737	802	965	1,099	1,228	1,353	1,502
	Gross margin, %	—	—	81.01	80.43	79.15	77.56	78.44	78.34	80.95	81.52
	EBT	—	—	113	128	168	93	198	184	293	351
	EBT margin, %	—	—	16.32	17.39	20.91	9.67	18.04	14.94	21.66	23.35
	Net income	—	0	142	103	127	93	175	327	234	278
	Depreciation	—	—	30	33	37	59	79	79	72	73
Per share, $
Per share, $	Revenue	—	—	2.42	2.59	2.77	3.16	3.55	3.93	4.30	4.77
	Earnings	—	—	0.50	0.36	0.44	0.30	0.57	1.05	0.75	0.88
	Cash flow	—	—	0.56	0.60	0.89	0.94	0.89	1.33	1.38	1.71
	Capex	—	—	(0.07)	(0.06)	(0.06)	(0.06)	(0.05)	(0.08)	(0.04)	(0.06)
	Free cash flow	—	—	0.50	0.54	0.83	0.88	0.83	1.25	1.34	1.65
	Book value	—	—	0.52	1.18	1.18	1.34	1.85	2.83	3.31	3.78
	Shares, m	—	—	286	285	290	306	309	312	315	315
Valuation, ×
Valuation, ×	P/E	—	—	74.18	74.18	94.19	155.90	65.59	47.01	63.11	43.38
	P/S	—	—	12.50	12.50	14.65	15.31	10.33	12.55	10.87	8.00
	P/B	—	—	25.29	25.29	34.37	36.11	19.81	17.44	14.12	10.10
	EV/Sales	—	—	12.68	12.68	14.83	16.46	11.89	13.74	11.85	8.75
	EV/FCF	—	—	34.75	34.75	49.13	58.72	50.62	43.09	38.08	25.27
Cash, $m
Cash, $m	Operating cash flow	—	—	161	171	258	288	274	417	435	538
	Capex	—	—	(19)	(17)	(16)	(18)	(16)	(25)	(14)	(18)
	Free cash flow	—	—	142	154	242	270	258	392	421	520
Balance, $m
Balance, $m	Working capital	—	—	(153)	(39)	(125)	22	(212)	(341)	(372)	(421)
	Total debt	—	—	259	234	263	1,436	1,781	1,528	1,388	1,249
	Net debt	—	—	178	113	141	1,107	1,709	1,460	1,324	1,126
	Shareholders’ equity	—	—	147	335	342	409	573	884	1,041	1,189
Returns, %
Returns, %	ROA	—	—	30.77	10.75	11.91	4.92	6.00	10.08	6.99	7.99
	ROIC	—	—	23.34	19.82	19.45	3.90	5.71	6.15	7.98	9.79
	ROE	—	—	58.97	42.77	37.35	24.82	35.56	44.84	24.39	24.91

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GRAB Grab Holdings Limited	$12.7B	22.8×	32.6×	+21.73% (above 0%: growing)	+500.00% (above 0%: growing)	−40.38% (below 0%: shrinking)	43.63%	1.91%	Compare
FIG Figma, Inc.	$12.1B	— (loss-making)	— (loss-making)	+48.25% (above 0%: growing)	n/m	−16.79% (below 0%: shrinking)	83.66%	(31.69%)	Compare
MANH Manhattan Associates, Inc.	$12.1B	58.0×	40.5×	+9.31% (above 0%: growing)	−8.51% (below 0%: shrinking)	+27.98% (above 0%: growing)	56.53%	22.24%	Compare
FROG JFrog Ltd.	$12.0B	— (loss-making)	— (loss-making)	+28.73% (above 0%: growing)	n/m	+51.58% (above 0%: growing)	77.93%	(8.09%)	Compare
HUBS HubSpot, Inc.	$11.6B	80.7×	56.8×	+19.83% (above 0%: growing)	n/m	+44.84% (above 0%: growing)	82.35%	4.75%	Compare
CHYM Chime Financial, Inc.	$11.0B	— (loss-making)	54.6×	+26.81% (above 0%: growing)	n/m	+749.07% (above 0%: growing)	88.82%	3.18%	Compare
BSY Bentley Systems, Incorporated	$10.5B	37.6×	28.9×	+12.80% (above 0%: growing)	+13.64% (above 0%: growing)	+11.94% (above 0%: growing)	81.99%	21.57%
PAYC Paycom Software, Inc.	$10.2B	24.6×	14.5×	+9.84% (above 0%: growing)	+47.17% (above 0%: growing)	+212.66% (above 0%: growing)	83.23%	31.72%	Compare
ESTC Elastic N.V.	$10.0B	27.2×	251×	+15.13% (above 0%: growing)	n/m	+26.14% (above 0%: growing)	74.50%	(4.93%)	Compare
Median of peers	$11.8B	27.2×	47.6×	+20.78%	+47.17%	+36.41%	80.14%	2.55%

All 237 Software Application stocks →

Bentley Systems, Incorporated (BSY) key facts

Strength: Bentley Systems, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.0% from fiscal 2024.
Bentley Systems, Incorporated (BSY) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, BSY traded at $34.97, a market capitalization of $10.5 billion.
Bentley Systems, Incorporated pays an annual dividend of $0.28 per share, a yield of 0.80%, with a payout ratio of 30.8%.
Return on equity was 24.9% and debt-to-equity 1.01.
Its Piotroski F-score is 9 out of 9 and its Altman Z-score is 3.65 (safe zone) for fiscal 2025.