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

44.99 1.35 +3.09%
Market cap
$13.6B
P/E
43.3×
Fwd P/E
39.1×
Dividend yield
0.62%
F-score
9/9
Altman Z
3.65
Beneish M
−2.74
Dividend safety
68/100

Bentley Systems, Incorporated (BSY) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Bentley Systems, Incorporated (BSY) trades at a price to free cash flow of 28.5×. Over the past ten years it has ranged from 18.1× (June 2026) to 83.2× (September 2021); the current reading is higher than 16% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 23.1× (33.86%)
FY2024 34.9× (11.31%)
FY2023 39.4× (10.53%)
FY2022 44.0× (19.46%)
FY2021 54.6× 12.53%
FY2020 48.5× 41.62%
FY2019 34.3× 0.00%
FY2018 34.3× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 20.3× 8.45%
Jun 2026 18.7× (16.27%)
Mar 2026 22.3× (3.30%)
Dec 2025 23.1× (34.41%)
26 more quarters

Against its own ten years

Low 18.1× High 83.2×
Ten-year median 40.1×
Current reading's percentile 16

Price to free cash flow against peers

Company Price to free cash flow
GRAB Grab Holdings Limited compare n/m
DOCU Docusign Inc. compare 12.6×
PAYC Paycom Software, Inc. compare 17.8×
DT Dynatrace, Inc. compare 21.9×
BSY Bentley Systems, Incorporated 28.5×
MANH Manhattan Associates, Inc. compare 39.3×
GWRE Guidewire Software, Inc. compare 39.3×
PCOR Procore Technologies, Inc. compare 39.9×
FIG Figma, Inc. compare 46.8×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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