stockrowBentley 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) Free cash flow margin
Bentley Systems, Incorporated's free cash flow margin over the twelve months to 30 September 2026 was 29.7%, down 5.0 percentage points from fiscal 2025 (34.6%). Over the past ten years it has ranged from 20.5% (fiscal 2018) to 34.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.77% and above the Technology sector median of 0.67%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 34.6% | 3.51 |
| FY2024 | 31.1% | (0.76) |
| FY2023 | 31.9% | 8.40 |
| FY2022 | 23.5% | (4.54) |
| FY2021 | 28.0% | (2.15) |
| FY2020 | 30.2% | 9.26 |
| FY2019 | 20.9% | 0.40 |
| FY2018 | 20.5% | — |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| DOCU Docusign Inc. compare | 35.7% |
| MANH Manhattan Associates, Inc. compare | 32.8% |
| PAYC Paycom Software, Inc. compare | 30.1% |
| BSY Bentley Systems, Incorporated | 29.7% |
| DT Dynatrace, Inc. compare | 26.5% |
| PCOR Procore Technologies, Inc. compare | 25.3% |
| GWRE Guidewire Software, Inc. compare | 24.3% |
| FIG Figma, Inc. compare | 15.9% |
| GRAB Grab Holdings Limited compare | −0.05% |
| Software Application industry median | 5.77% |
| Technology sector median | 0.67% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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