Bentley Systems, Incorporated (BSY) vs Paycom Software, Inc. (PAYC)

Bentley Systems, Incorporated and Paycom Software, Inc. are both Software Application companies. Bentley Systems, Incorporated is the larger, with a market value of $13.6B against $11.1B — 1.2× the size. Paycom Software, Inc. trades at the lower P/E: 23.8× against 43.3×. Bentley Systems, Incorporated grew revenue faster over the last twelve months: 12.9% against 9.49%. Paycom Software, Inc. has the higher net margin (23.3% vs 19.6%) and the higher return on invested capital (36.2% vs 11.3%). Both pay a dividend; Bentley Systems, Incorporated yields more (0.62% vs 0.60%). Across the 23 metrics below, Paycom Software, Inc. leads on 17 and Bentley Systems, Incorporated on 6.

Valuation

Metric BSY PAYC Software Application median
P/E 43.26 23.79 25.90
P/S 8.48 5.21 3.04
P/B 10.89 16.13 2.60
Price to free cash flow 28.55 17.77 17.17
EV/EBITDA 33.25 14.15 15.48
EV/Sales 9.09 5.46 2.89
Earnings yield 2.31% 4.20% 0.00%
Free cash flow yield 3.50% 5.63% 1.98%

Profitability

Metric BSY PAYC Software Application median
Gross margin 82.37% 0.00% 66.89%
Operating margin 25.24% 33.39% 0.00%
Net margin 19.57% 23.28% 0.00%
Free cash flow margin 29.69% 30.08% 5.77%
Return on equity 26.03% 42.21% 0.00%
Return on assets 9.17% 9.87% 0.00%
Return on invested capital 11.33% 36.20% 0.00%

Growth

Metric BSY PAYC Software Application median
Revenue growth (TTM) 12.88% 9.49% 12.27%
EPS growth (last fiscal year) 15.83% (9.42%) 32.11%
Revenue growth, 5-year CAGR 13.38% 19.51% 14.34%
Net income growth, 5-year CAGR 17.08% 25.88% 0.00%

Health

Metric BSY PAYC Software Application median
Debt to equity 0.91 1.06 0.02
Current ratio 0.65 1.06 1.53
Net debt to EBITDA 2.58 (0.50) 0.09

Dividend

Metric BSY PAYC Software Application median
Dividend yield 0.62% 0.60% 1.10%
Payout ratio 0.27 0.14 0.28

Size

Metric BSY PAYC Software Application median
Market cap 13.58b 11.07b 487.58m

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