Bentley Systems, Incorporated
BSY Technology Software Application
Bentley Systems, Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.0% from fiscal 2024.
- Revenue
- +12.2%
- EPS
- +61.1%
- Free cash flow
- −8.34%
- Total debt
- −6.82%
Quarter to September 2026, against a year earlier
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Bentley Systems, Incorporated (BSY) EV/EBITDA
As of 5 November 2026, Bentley Systems, Incorporated (BSY) trades at a EV/EBITDA of 33.2×. Over the past ten years it has ranged from 22.2× (June 2026) to 128× (October 2021); the current reading is higher than 15% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 30.1× | (29.68%) |
| FY2024 | 42.9× | (21.33%) |
| FY2023 | 54.5× | 19.88% |
| FY2022 | 45.5× | (56.11%) |
| FY2021 | 104× | 63.21% |
| FY2020 | 63.5× | 29.95% |
| FY2019 | 48.8× | 0.00% |
| FY2018 | 48.8× | — |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 24.3× | 5.21% |
| Jun 2026 | 23.1× | (14.11%) |
| Mar 2026 | 26.8× | (10.95%) |
| Dec 2025 | 30.1× | (26.88%) |
| 26 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| FIG Figma, Inc. compare | n/m |
| PAYC Paycom Software, Inc. compare | 14.2× |
| DOCU Docusign Inc. compare | 18.8× |
| GRAB Grab Holdings Limited compare | 24.9× |
| BSY Bentley Systems, Incorporated | 33.2× |
| DT Dynatrace, Inc. compare | 39.3× |
| MANH Manhattan Associates, Inc. compare | 51.5× |
| GWRE Guidewire Software, Inc. compare | 67.5× |
| PCOR Procore Technologies, Inc. compare | 182× |
| Software Application industry median | 15.5× |
| Technology sector median | 14.5× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BSY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement