Bentley Systems, Incorporated (BSY) vs Fair Isaac Corporation (FICO)

Bentley Systems, Incorporated and Fair Isaac Corporation are both Software Application companies. Fair Isaac Corporation is the larger, with a market value of $15.3B against $13.6B — 1.1× the size. Fair Isaac Corporation trades at the lower P/E: 20.4× against 43.3×. Fair Isaac Corporation grew revenue faster over the last twelve months: 24.1% against 12.9%. Fair Isaac Corporation has the higher net margin (34.1% vs 19.6%) and the higher return on invested capital (62.5% vs 11.3%). Across the 21 metrics below, Fair Isaac Corporation leads on 18 and Bentley Systems, Incorporated on 3.

Valuation

Metric BSY FICO Software Application median
P/E 43.26 20.42 25.90
P/S 8.48 6.73 3.04
P/B 10.89 n/m 2.60
Price to free cash flow 28.55 16.77 17.17
EV/EBITDA 33.25 17.13 15.48
EV/Sales 9.09 8.96 2.89
Earnings yield 2.31% 4.90% 0.00%
Free cash flow yield 3.50% 5.96% 1.98%

Profitability

Metric BSY FICO Software Application median
Gross margin 82.37% 85.10% 66.89%
Operating margin 25.24% 51.65% 0.00%
Net margin 19.57% 34.05% 0.00%
Free cash flow margin 29.69% 40.14% 5.77%
Return on equity 26.03% (29.67%) 0.00%
Return on assets 9.17% 41.80% 0.00%
Return on invested capital 11.33% 62.47% 0.00%

Growth

Metric BSY FICO Software Application median
Revenue growth (TTM) 12.88% 24.09% 12.27%
EPS growth (last fiscal year) 15.83% 29.78% 32.11%
Revenue growth, 5-year CAGR 13.38% 8.99% 14.34%
Net income growth, 5-year CAGR 17.08% 22.49% 0.00%

Health

Metric BSY FICO Software Application median
Debt to equity 0.91 (1.36) 0.02
Current ratio 0.65 1.18 1.53
Net debt to EBITDA 2.58 3.11 0.09

Dividend

Metric BSY FICO Software Application median
Dividend yield 0.62% — 1.10%
Payout ratio 0.27 — 0.28

Size

Metric BSY FICO Software Application median
Market cap 13.58b 15.28b 487.58m

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