BSY
Neutral signalScored 2026-10-27 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Research, not advice.
À propos
Bentley Systems, Incorporated
- Nom
- Bentley Systems, Incorporated
- Secteur
- Technology
- Industrie
- Software - Application
- Bourse
- NASDAQ
- Capitalisation
- $11.4B
- Employés
- 5,800
- PDG
- Nicholas H. Cumins
- Site web
- https://www.bentley.com
- Marché
- ADSKFLRPCORPTCTRMBWLDN
Bentley Systems, Inc., along with its affiliated companies, delivers specialized software solutions for infrastructure engineering across a global footprint, encompassing the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Its offerings encompass open modeling and simulation software for integrated infrastructure design, featuring tools such as MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION. Additionally, it provides geoprofessional applications specifically for modeling and simulating near and deep subsurface environments, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. Bentley Systems further supplies project delivery platforms engineered to foster collaboration, facilitate work-sharing, and enable 4D construction modeling for entities managing infrastructure projects; these include ProjectWise, ProjectWise Design Review Service, and SYNCHRO. The firm also furnishes systems for optimizing asset and network performance, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. Moreover, a range of specialized industry solutions is available, consisting of AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. Its diverse clientele spans a broad spectrum of professionals, including civil, structural, geotechnical, and geoscience engineers, architects, geospatial experts, urban and regional planners, as well as contractors, fabricators, and operations and maintenance personnel. Established in 1984, Bentley Systems, Inc. maintains its primary corporate office in Exton, Pennsylvania.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 155 797 titres (~6 239 463,94 $ US)
- Insiders
- Bentley Raymond B.
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$6,239,464
Avg sell (VWAP, 90d window) $40.05 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-10-26
- Last synced
-
2026-10-28 10:33:03
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-26 | Bentley Raymond B. | Sell · S | 139,135 | $40.05 | $5,572,969 | Form 4 |
| 2026-10-23 | Bentley Raymond B. | Sell · S | 16,662 | $40.00 | $666,495 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2022-05-23 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-05-05 | Ro Khanna | Purchase | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-27 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
BSY shows genuine operational improvement with healthy margins and reduced leverage, but a persistent current ratio below 0.6 creates meaningful short-term liquidity risk that offsets the positive fundamental trend.
The first sentence of the analysis written for BSY on 2026-10-27 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Narrative Unavailable or mixed. Stored narrative reading is in the neutral band
- Congress Unavailable or mixed. 1 purchase disclosure year to date, a thin reading
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 0.56 · operating margin 24% — readings disagree
Recent news
- 2026-10-23 Aristotle Small/Mid Cap Equity WM Q3 2026 Portfolio Activity We believe Bentley Systems is attractive due to its strong free cash flow, high customer retention, and durable competitive advantages trading at a discount to our estimates of its long-term intrinsic value. We believe U.S. Physical Therapy may benefit from an aging population, increasing demand for outpatient rehabilitation services, and continued market consolidation. We exited the Essential Utilities position as the share price appreciated reducing the stock''s potential upside and made its risk/reward profile less compelling redeploying the capital into what we view as higher conviction opportunities.
- 2026-10-13 Heartland Mid Cap Value Fund Q3 2026 Portfolio Activity Bentley Systems, a newly initiated position during the quarter, is an example of a stock getting heavily discounted by a negative top-down industry narrative, with defensible and compelling long-term prospects. Watsco announced the acquisition of two separate family-run businesses. These acquisitions should increase revenue and cash flow by roughly 10%. We remained committed to MarketAxess stock for several reasons, including the fact that the company was exiting a heavy investment cycle, setting up strong operating leverage.
- 2026-10-07 Bentley Systems to Announce Third Quarter 2026 Results on November 5, 2026 EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, will release its third quarter 2026 results before the market opens on Thursday, November 5, 2026. Senior management will host a webcast to discuss the company''s results at 8:15 a.m. ET. The results press release and link to the webcast will be available prior to the start of the webcast on the company''s investor relations website at investors.bentley.com Webcast and regist.
- 2026-10-07 Bentley Systems Announces Winners of the 2026 Year in Infrastructure Awards SINGAPORE--(BUSINESS WIRE)--Bentley Systems announced the winners of the 2026 YII Awards, celebrating innovation in designing, building, and operating infrastructure.
- 2026-10-05 Is It Too Late to Buy Bentley Systems Inc (BSY) After 7.8% Rally? GF Value Says Undervalued On October 05, 2026, Bentley Systems Inc (BSY) shares rose 7.8% to $34.75. The stock has seen a 52-week range of $28.08 to $57.25, reflecting significant volati
- 2026-10-01 Bentley Systems: Deterministic Engineering Makes It An AI Beneficiary Bentley Systems is undervalued, with the market overlooking its AI integration and resilient, high-retention engineering software business. BSY''s core business delivers 12% ARR growth, 109% net revenue retention, and a 31% trailing FCF margin, supporting its current 22x forward P/E multiple. AI-enabled MCP servers position BSY as a critical platform for engineering workflows, with monetization of AI usage planned for 2027 and potential TAM expansion.
- 2026-09-11 Bentley Systems, Incorporated Declares Third Quarter 2026 Dividend EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY) (the “Company”), the infrastructure engineering software company, today announced that its Board of Directors (the “Board”) declared a $0.07 per share dividend for the third quarter of 2026. The cash dividend is payable on September 29, 2026, to all stockholders of record of Class A and Class B common stock as of the close of business on September 22, 2026. About Bentley Systems Around the world, infrastructure professiona.
- 2026-09-08 Public Employees Retirement System of Ohio Buys Shares of 46,816 Bentley Systems, Incorporated $BSY Public Employees Retirement System of Ohio purchased a new position in Bentley Systems, Incorporated (NASDAQ: BSY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 46,816 shares of the company''s stock, valued at approximately $1,399,000. A number of other institutional investors
- 2026-09-04 Bentley Systems Opens Philadelphia Tech Hub and Experience Center PHILADELPHIA--(BUSINESS WIRE)--Bentley Systems Opens Philadelphia Tech Hub and Experience Center.
- 2026-08-31 Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Rating of “Moderate Buy” by Analysts Shares of Bentley Systems, Incorporated (NASDAQ: BSY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 81.5% | 80.9% | 74.1% | 78.4% | 77.6% | |
| Ebit Margin | 24.2% | 23.5% | 18.3% | 21.2% | 11.1% | |
| Ebitda Margin | 28.6% | 28.3% | 24.2% | 27.7% | 16.6% | |
| Operating Profit Margin | 24.1% | 22.3% | 18.8% | 19.0% | 9.8% | |
| Pretax Profit Margin | 23.4% | 21.7% | 14.9% | 17.8% | 9.7% | |
| Continuous Operations Profit Margin | 18.5% | 17.3% | 26.6% | 15.9% | 10.0% | |
| Net Profit Margin | 18.5% | 17.4% | 26.6% | 15.9% | 9.7% | |
| Bottom Line Profit Margin | 18.5% | 17.9% | 27.2% | 16.5% | 9.7% | |
| Current Ratio | 0.561 | 0.543 | 0.552 | 0.662 | 1.037 | |
| Quick Ratio | 0.561 | 0.543 | 0.552 | 0.662 | 1.037 | |
| Solvency Ratio | 0.145 | 0.127 | 0.164 | 0.095 | 0.065 | |
| Cash Ratio | 0.128 | 0.079 | 0.090 | 0.114 | 0.555 | |
| Price To Earnings Ratio | 43.375 | 62.267 | 48.766 | 64.842 | 161.100 | |
| Price To Earnings Growth Ratio | 2.502 | -2.082 | 0.556 | 0.720 | -5.063 | |
| Forward Price To Earnings Growth Ratio | 2.502 | -2.082 | 0.556 | 0.720 | -5.063 | |
| Price To Earnings Diluted Ratio | 44.906 | 64.861 | 52.180 | 69.736 | 161.100 | |
| Price To Earnings Diluted Growth Ratio | 2.487 | -2.316 | 0.588 | 0.910 | -5.639 | |
| Price To Book Ratio | 10.099 | 14.126 | 18.453 | 19.955 | 36.105 | |
| Price To Sales Ratio | 7.998 | 10.868 | 13.268 | 10.399 | 15.310 | |
| Price To Free Cash Flow Ratio | 23.090 | 34.909 | 41.611 | 44.683 | 54.624 | |
| Price To Operating Cash Flow Ratio | 22.307 | 33.782 | 39.115 | 41.662 | 51.298 | |
| Debt To Assets Ratio | 0.361 | 0.420 | 0.473 | 0.576 | 0.560 | |
| Debt To Equity Ratio | 1.080 | 1.370 | 1.778 | 3.183 | 3.638 | |
| Debt To Capital Ratio | 0.519 | 0.578 | 0.640 | 0.761 | 0.784 | |
| Long Term Debt To Capital Ratio | 0.512 | 0.571 | 0.632 | 0.756 | 0.778 | |
| Financial Leverage Ratio | 2.989 | 3.266 | 3.759 | 5.526 | 6.498 | |
| Working Capital Turnover Ratio | -3.785 | -3.795 | -4.441 | -11.539 | -18.677 | |
| Operating Cash Flow Ratio | 0.561 | 0.535 | 0.548 | 0.437 | 0.485 | |
| Operating Cash Flow Sales Ratio | 0.359 | 0.322 | 0.339 | 0.250 | 0.298 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.966 | 0.968 | 0.940 | 0.932 | 0.939 | |
| Debt Service Coverage Ratio | 23.239 | 13.067 | 8.571 | 7.080 | 9.901 | |
| Interest Coverage Ratio | 23.667 | 12.196 | 5.578 | 5.951 | 8.206 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | 41.670 | 54.865 | 57.605 | |
| Operating Cash Flow Coverage Ratio | 0.419 | 0.305 | 0.265 | 0.150 | 0.193 | |
| Capital Expenditure Coverage Ratio | 29.497 | 30.990 | 16.667 | 14.792 | 16.422 | |
| Dividend Paid And Capex Coverage Ratio | 5.217 | 5.052 | 4.975 | 5.172 | 5.655 | |
| Dividend Payout Ratio | 0.306 | 0.307 | 0.180 | 0.197 | 0.358 | |
| Enterprise Value Multiple | 30.703 | 42.014 | 59.993 | 43.233 | 99.473 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 81.5% | ▲0.6% | ▲3.0% |
| Ebit Margin | 24.2% | ▲0.7% | ▲4.5% |
| Ebitda Margin | 28.6% | ▲0.3% | ▲3.5% |
| Operating Profit Margin | 24.1% | ▲1.8% | ▲5.3% |
| Pretax Profit Margin | 23.4% | ▲1.7% | ▲5.9% |
| Continuous Operations Profit Margin | 18.5% | ▲1.2% | ▲0.8% |
| Net Profit Margin | 18.5% | ▲1.1% | ▲0.9% |
| Bottom Line Profit Margin | 18.5% | ▲0.7% | ▲0.6% |
| Current Ratio | 0.561 | ▲0.018 | ▼-0.110 |
| Quick Ratio | 0.561 | ▲0.018 | ▼-0.110 |
| Solvency Ratio | 0.145 | ▲0.018 | ▲0.026 |
| Cash Ratio | 0.128 | ▲0.050 | ▼-0.065 |
| Price To Earnings Ratio | 43.375 | ▼-18.892 | ▼-32.695 |
| Price To Earnings Growth Ratio | 2.502 | ▲4.584 | ▲3.176 |
| Forward Price To Earnings Growth Ratio | 2.502 | ▲4.584 | ▲3.176 |
| Price To Earnings Diluted Ratio | 44.906 | ▼-19.955 | ▼-33.651 |
| Price To Earnings Diluted Growth Ratio | 2.487 | ▲4.804 | ▲3.281 |
| Price To Book Ratio | 10.099 | ▼-4.027 | ▼-9.649 |
| Price To Sales Ratio | 7.998 | ▼-2.869 | ▼-3.570 |
| Price To Free Cash Flow Ratio | 23.090 | ▼-11.819 | ▼-16.693 |
| Price To Operating Cash Flow Ratio | 22.307 | ▼-11.475 | ▼-15.325 |
| Debt To Assets Ratio | 0.361 | ▼-0.058 | ▼-0.117 |
| Debt To Equity Ratio | 1.080 | ▼-0.290 | ▼-1.130 |
| Debt To Capital Ratio | 0.519 | ▼-0.059 | ▼-0.137 |
| Long Term Debt To Capital Ratio | 0.512 | ▼-0.059 | ▼-0.138 |
| Financial Leverage Ratio | 2.989 | ▼-0.277 | ▼-1.419 |
| Working Capital Turnover Ratio | -3.785 | ▲0.010 | ▲4.662 |
| Operating Cash Flow Ratio | 0.561 | ▲0.026 | ▲0.048 |
| Operating Cash Flow Sales Ratio | 0.359 | ▲0.037 | ▲0.045 |
| Free Cash Flow Operating Cash Flow Ratio | 0.966 | ▼-0.002 | ▲0.017 |
| Debt Service Coverage Ratio | 23.239 | ▲10.173 | ▲10.868 |
| Interest Coverage Ratio | 23.667 | ▲11.470 | ▲12.547 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | ▼-30.828 |
| Operating Cash Flow Coverage Ratio | 0.419 | ▲0.114 | ▲0.152 |
| Capital Expenditure Coverage Ratio | 29.497 | ▼-1.494 | ▲7.823 |
| Dividend Paid And Capex Coverage Ratio | 5.217 | ▲0.165 | ▲0.003 |
| Dividend Payout Ratio | 0.306 | ▼-0.001 | ▲0.036 |
| Enterprise Value Multiple | 30.703 | ▼-11.311 | ▼-24.380 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $12.01B | $14.71B | $16.30B | $11.43B | $14.78B | |
| Enterprise value | $13.17B | $16.07B | $17.80B | $13.18B | $15.93B | |
| EV / Sales | 8.77x | 11.88x | 14.49x | 11.99x | 16.51x | |
| EV / Op. cash flow | 24.46x | 36.91x | 42.72x | 48.05x | 55.32x | |
| EV / Free cash flow | 25.32x | 38.14x | 45.45x | 51.53x | 58.91x | |
| EV / EBITDA | 30.70x | 42.01x | 59.99x | 43.23x | 99.47x | |
| Net debt / EBITDA | 2.71x | 3.56x | 5.06x | 5.75x | 7.24x | |
| Current ratio | 0.56x | 0.54x | 0.55x | 0.66x | 1.04x | |
| Income quality | 1.94x | 1.86x | 1.27x | 1.57x | 3.09x | |
| Graham number | $9 | $7 | $8 | $5 | $3 | |
| Graham net-net | -$6 | -$7 | -$7 | -$7 | -$6 | |
| Tax burden | 79.2% | 80.1% | 178.1% | 89.1% | 99.9% | |
| Interest burden | 96.6% | 92.2% | 81.6% | 84.0% | 86.9% | |
| Working capital | -$421.2M | -$372.3M | -$340.8M | -$212.5M | $22.0M | |
| Invested capital | $2.32B | $2.27B | $2.26B | $2.39B | $1.94B | |
| Return on assets | 7.8% | 6.9% | 9.8% | 5.5% | 3.5% | |
| Operating ROA | 10.4% | 9.0% | 7.1% | 7.2% | 5.0% | |
| Return on tangible assets | 31.6% | 28.7% | 40.8% | 27.5% | 11.3% | |
| Return on equity | 23.4% | 22.6% | 37.0% | 30.5% | 22.8% | |
| Return on invested capital | 11.0% | 9.3% | 8.9% | 7.3% | 4.5% | |
| Return on capital employed | 14.0% | 11.7% | 9.0% | 8.2% | 4.6% | |
| Earnings yield | 2.3% | 1.6% | 2.0% | 1.5% | 0.6% | |
| Free cash flow yield | 4.3% | 2.9% | 2.4% | 2.2% | 1.8% | |
| Capex / Op. cash flow | 3.4% | 3.2% | 6.0% | 6.8% | 6.1% | |
| Capex / Depreciation | 27.7% | 21.7% | 34.8% | 25.9% | 33.2% | |
| Capex / Sales | 1.2% | 1.0% | 2.0% | 1.7% | 1.8% | |
| SG&A / Sales | 33.8% | 35.3% | 34.1% | 32.3% | 42.2% | |
| R&D / Sales | 20.5% | 20.8% | 22.4% | 23.5% | 22.9% | |
| Stock comp / Sales | 4.8% | 5.5% | 5.9% | 6.8% | 5.1% | |
| Intangibles / Total assets | 75.2% | 75.9% | 75.9% | 79.9% | 69.0% | |
| Days sales outstanding | 83d | 85d | 87d | 95d | 89d | |
| Days payables outstanding | 35d | 23d | 21d | 23d | 28d | |
| Operating cycle | 83d | 85d | 87d | 95d | 89d | |
| Cash conversion cycle | 48d | 61d | 66d | 72d | 61d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years