Bentley Systems, Incorporated (BSY) vs Manhattan Associates, Inc. (MANH)

Bentley Systems, Incorporated and Manhattan Associates, Inc. are both Software Application companies. Bentley Systems, Incorporated and Manhattan Associates, Inc. are of similar size ($14.8B and $13.6B). Bentley Systems, Incorporated trades at the lower P/E: 43.3× against 71.0×. Bentley Systems, Incorporated grew revenue faster over the last twelve months: 12.9% against 8.42%. Bentley Systems, Incorporated has the higher net margin (19.6% vs 18.4%) and the lower return on invested capital (11.3% vs 13,484.1%). Across the 22 metrics below, Bentley Systems, Incorporated leads on 14 and Manhattan Associates, Inc. on 8.

Valuation

Metric BSY MANH Software Application median
P/E 43.26 70.99 25.90
P/S 8.48 12.90 3.04
P/B 10.89 74.31 2.60
Price to free cash flow 28.55 39.30 17.17
EV/EBITDA 33.25 51.48 15.48
EV/Sales 9.09 12.73 2.89
Earnings yield 2.31% 1.41% 0.00%
Free cash flow yield 3.50% 2.54% 1.98%

Profitability

Metric BSY MANH Software Application median
Gross margin 82.37% 55.93% 66.89%
Operating margin 25.24% 24.14% 0.00%
Net margin 19.57% 18.41% 0.00%
Free cash flow margin 29.69% 32.82% 5.77%
Return on equity 26.03% 83.51% 0.00%
Return on assets 9.17% 28.03% 0.00%
Return on invested capital 11.33% 13,484.10% 0.00%

Growth

Metric BSY MANH Software Application median
Revenue growth (TTM) 12.88% 8.42% 12.27%
EPS growth (last fiscal year) 15.83% 2.56% 32.11%
Revenue growth, 5-year CAGR 13.38% 13.02% 14.34%
Net income growth, 5-year CAGR 17.08% 20.32% 0.00%

Health

Metric BSY MANH Software Application median
Debt to equity 0.91 0.00 0.02
Current ratio 0.65 1.07 1.53
Net debt to EBITDA 2.58 (1.15) 0.09

Dividend

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

Size

Metric BSY MANH Software Application median
Market cap 13.58b 14.82b 487.58m

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