Zacks Investment Research·Jun 30, 2026
Is the Options Market Predicting a Spike in Bentley Systems Stock?Investors need to pay close attention to BSY stock based on the movements in the options market lately.
Bentley Systems, Incorporated(BSY)Earnings, Financials & Key Ratios
BSY•NASDAQ
$32.44
38.2× P/E·Price updated Jul 7, 2026
AboutBentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. It also provides project delivery systems that support collaboration, work-sharing, and 4D construction modeling for infrastructure project delivery enterprises, such as ProjectWise, ProjectWise Design Review Service, and SYNCHRO; and asset and network performance systems, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. In addition, it offers industry solutions comprising AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. The company serves civil, structural, geotechnical, geoscience subsurface engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.Show more
- Revenue$1.5B+11.0%
- EBITDA$429M+16.8%
- Net Income$278M+18.3%
- EPS (Diluted)0.85+18.1%
- Gross Margin81.52%+0.7%
- EBITDA Margin28.53%+5.3%
- Operating Margin24.15%+8.1%
- Net Margin18.5%+6.6%
- ROE24.91%+2.1%
BSY Price & Volume
Bentley Systems, Incorporated (BSY) stock price & volume — 10-year historical chart
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Consumption Model Transition Drives Scalable Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Consumption model revenue volatility
Key Thesis Takeaways
- Bentley Systems is successfully leveraging long-term infrastructure investment cycles to accelerate revenue growth to 14.5% as of 2026Q1, supported by a robust 82.6% gross margin profile.
- While the transition to the E365 consumption model introduces quarterly earnings volatility, the firm's disciplined deleveraging strategy has reduced the debt-to-equity ratio from 1.78 in 2023Q4 to 0.95.
- Investors should monitor the company's reliance on inorganic growth, evidenced by $2.5 billion in goodwill, and the potential liquidity constraints indicated by a 0.51 current ratio.
Verdict Logic
while the company exhibits strong cash generation with a 44.3% FCF margin in 2026Q1, the current ratio of 0.51 and high goodwill concentration warrant caution regarding short-term liquidity and acquisition-led risks.
BSY Growth Metrics
Bentley Systems, Incorporated (BSY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years13.38%
3 Years10.97%
TTM12.23%
Profit CAGR
10 Years-
5 Years17.04%
3 Years16.71%
TTM10.18%
EPS CAGR
10 Years-
5 Years15.14%
3 Years17.05%
TTM10.13%
Return on Capital
10 Years15.69%
5 Years10.16%
3 Years11.6%
Last Year14%
BSY Recent Earnings
Bentley Systems, Incorporated (BSY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.38+7.0%
$0.36
Rev
$424M+1.0%
$420M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.27+3.9%
$0.26
Rev
$392M+2.6%
$382M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.27-1.7%
$0.27
Rev
$376M+1.6%
$370M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.32+12.3%
$0.28
Rev
$364M+0.1%
$364M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.38vs $0.36+7.0% | $424Mvs $420M+1.0% |
| Q1 2026 | Feb 26, 2026 | $0.27vs $0.26+3.9% | $392Mvs $382M+2.6% |
| Q4 2025 | Nov 5, 2025 | $0.27vs $0.27-1.7% | $376Mvs $370M+1.6% |
| Q3 2025 | Aug 6, 2025 | $0.32vs $0.28+12.3% | $364Mvs $364M+0.1% |
Based on last 12 quarters of dataView full earnings history →
Latest BSY News
Recent stock market news and headlines for Bentley Systems, Incorporated (BSY)
Peers Comparison
Key metrics vs top competitors for Bentley Systems, Incorporated (BSY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.44 | $9.48B | 38.16 | 10.99% | 18.5% | 24.91% | 0.79% | |
| $212.38 | $44.84B | 40.61 | 17.53% | 19.49% | 49.42% | — | |
| $371.06 | $102.34B | 91.39 | 14.12% | 21.18% | 21.06% | — | |
| $125.04 | $14.88B | 20.57 | 19.18% | 41.58% | 33.14% | — | |
| $53.73 | $12.73B | 30.70 | -2.61% | 12.37% | 7.95% | — | |
| $940.12 | $437.43B | 49.93 | 4.29% | 13.31% | 47.51% | — |
Compare BSY vs Peers
Bentley Systems, Incorporated (BSY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BSY SEC Filings & Documents
Bentley Systems, Incorporated (BSY) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
Apr 27, 2026·SEC
Material company update
Feb 26, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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BSY Frequently Asked Questions
Bentley Systems, Incorporated (BSY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Bentley Systems, Incorporated's revenue?
Bentley Systems, Incorporated (BSY) reported $1.56B in revenue for fiscal year 2025. This represents a 125% increase from $691.7M in 2018.
How fast is Bentley Systems, Incorporated growing?
Bentley Systems, Incorporated (BSY) grew revenue by 11.0% over the past year. This is steady growth.
Is BSY profitable?
Yes, Bentley Systems, Incorporated (BSY) is profitable, generating $281.9M in net income for fiscal year 2025 (18.5% net margin).
Dividend & Returns
Does BSY pay dividends?
Yes, Bentley Systems, Incorporated (BSY) pays a dividend with a yield of 0.79%. This makes it attractive for income-focused investors.
What is BSY's return on equity?
Bentley Systems, Incorporated (BSY) has a return on equity (ROE) of 24.9%. This is excellent, indicating efficient use of shareholder capital.
What is Bentley Systems, Incorporated's free cash flow?
Bentley Systems, Incorporated (BSY) generated $491.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.