Bentley Systems Inc

Bentley Systems Inc

BSY · NASDAQ · Technology / Software - Application

44.33USD+0.14 (+0.32%)

Price History

Full chart

Market Stats

Previous Close44.19
Open44.10
Day Range43.93 – 44.68
52-Week Range28.02 – 56.82
Volume1.44M
Market Cap9.64B
P/E (TTM)35.44
Forward P/E19.96
EPS0.90
Dividend Yield0.86%
Beta0.98
50-Day Avg34.24
200-Day Avg34.83

About

Bentley 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 applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise, as well as Cesium and iTwin platform that enables users to create and curate cloud native digital representations of physical infrastructure assets consisting of iTwin Capture, iTwin Engage, iTwin Experience, and iTwin IoT platforms. The company serves civil, structural, geotechnical, subsurface, process 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.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Nicholas H. Cumins
  • Employees5.80K
  • Headquarters685 Stockton Drive, Exton, PA, United States, 19341, USA
  • Websitehttps://www.bentley.com

Leadership

  • Mr. Gregory S. BentleyPresident & Executive Chairman of the Board · b. 1956
  • Mr. Nicholas H. CuminsCEO & Director · b. 1977
  • Mr. Keith Arthur BentleyFounder, Technology Advisor, Executive VP & Director · b. 1959
  • Mr. Barry Joe Bentley Ph.D.Co-Founder & Director · b. 1966
  • Mr. Werner Andre CPAChief Financial Officer · b. 1971
  • Mr. James LeeChief Operating Officer · b. 1980
  • Mr. David R. Shaman J.D.Chief Legal Officer & Secretary · b. 1966
  • Mr. Thomas F. TrimbackChief Accounting Officer & Global Controller
  • Mr. Julien MoutteChief Technology Officer · b. 1979
  • Ms. Ruth SleeterChief Information Officer

Financials

Income Statement

Currency: USD2000-12-312001-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue--691.71M736.65M801.54M965.05M1.10B1.23B1.35B1.50B
Growth (%)---+6.50%+8.81%+20.40%+13.89%+11.77%+10.15%+10.99%
Cost of Revenue--131.32M144.15M167.16M216.54M237.01M318.18M257.77M277.53M
Gross Profit--560.39M592.50M634.39M748.51M862.07M910.24M1.10B1.22B
Gross Margin--81.01%80.43%79.15%77.56%78.44%74.10%80.95%81.52%
Operating Expense--439.00M450.64M484.24M653.92M653.46M679.69M793.18M861.63M
Operating Income--121.39M141.87M150.15M94.59M208.61M230.54M302.15M362.62M
Operating Margin--17.55%19.26%18.73%9.80%18.98%18.77%22.33%24.15%
EBITDA--148.61M170.00M210.95M152.34M304.87M288.44M382.44M429.05M
EBITDA Margin--21.48%23.08%26.32%15.79%27.74%23.48%28.26%28.57%
Net Income--142.11M103.10M126.52M93.19M174.78M326.79M234.79M277.86M
Net Income Margin--20.55%14.00%15.78%9.66%15.90%26.60%17.35%18.50%
R&D--175.03M183.55M185.51M220.91M257.86M274.62M281.25M307.58M
R&D as % of Total Revenue--25.30%24.92%23.14%22.89%23.46%22.36%20.79%20.48%
Interest Expense009.61M9.73M7.91M11.53M35.06M41.33M24.77M15.32M
Interest Expense % of Total Revenue--1.39%1.32%0.99%1.19%3.19%3.36%1.83%1.02%

Balance Sheet

Currency: USD2000-12-312001-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--923.60M994.60M1.13B2.66B3.17B3.32B3.40B3.56B
Total Liabilities--776.16M659.98M784.44M2.25B2.59B2.44B2.36B2.37B
Total Equity--147.43M334.62M341.60M409.22M572.75M883.28M1.04B1.19B
Cash--81.18M121.10M122.01M329.34M71.68M68.41M64.01M123.28M
Total Debt--258.75M233.75M294.38M1.49B1.82B1.57B1.43B1.28B
Net Debt--177.57M112.65M172.37M1.16B1.75B1.50B1.36B1.16B

Cash Flow

Currency: USD2000-12-312001-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow17.80M35.70M161.47M170.77M258.34M288.02M274.32M416.70M435.29M538.46M
Investing Cash Flow-24.96M-9.48M-154.76M-53.69M-117.33M-1.06B-770.13M-60.50M-143.27M-112.31M
Financing Cash Flow--19.69M-58.80M-77.05M-136.51M982.58M243.03M-359.07M-289.85M-376.30M
Capital Expenditure04.67M19.49M16.64M16.45M17.54M18.55M25.00M14.05M18.25M
Free Cash Flow--141.97M154.13M241.89M270.49M255.78M391.69M421.25M520.21M
Dividends Paid-1.52M20.06M24.99M422.65M33.40M34.49M58.76M72.11M84.96M
FCF to OCF--87.93%90.26%93.63%93.91%93.24%94.00%96.77%96.61%
Dividend Paid to FCF--14.13%16.21%174.72%12.35%13.49%15.00%17.12%16.33%

Earnings

Report DateAug 7, 2020Nov 10, 2020Mar 2, 2021May 11, 2021Aug 10, 2021Nov 9, 2021Mar 1, 2022May 10, 2022Aug 9, 2022Nov 8, 2022Feb 28, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 27, 2024May 7, 2024Aug 6, 2024Nov 7, 2024Feb 25, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 26, 2026May 7, 2026Aug 6, 2026Nov 4, 2026
EPS Estimate0.160.130.160.160.150.170.170.200.180.170.190.210.190.190.180.260.230.240.220.300.290.230.220.360.280.29
EPS Actual0.140.170.170.200.230.170.230.240.220.190.190.250.240.220.200.310.310.240.210.350.320.220.220.380.28-
Surprise-12.50%30.77%6.25%25.00%53.33%0.00%35.29%20.00%22.22%11.76%0.00%19.05%26.32%15.79%11.11%19.23%34.78%0.00%-4.20%16.67%10.34%-4.35%0.00%5.56%0.00%-
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap9.64B
Enterprise Value11.00B
Trailing P/E35.44
Forward P/E19.96
PEG Ratio1.26
Price / Sales6.02
Price / Book8.22
EPS0.90
Book Value3.88
Revenue (TTM)1.60B
Gross Profit (TTM)1.31B
EBITDA467.71M
Profit Margin18.10%
Operating Margin25.00%
Return on Equity24.52%
Return on Assets7.20%
Shares Outstanding290.58M
Shares Float155.74M
Beta0.98
Dividend Yield0.86%
Dividend Rate0.28
Payout Ratio25.45%

Analyst Ratings

Buy
Based on 16 analystsTarget 44.00
  • Strong Buy
    7
  • Buy
    3
  • Hold
    5
  • Sell
    1

Ownership Breakdown

Institutions
55.09%
Insiders
45.57%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    16.81M5.56%
  • NORGES BANK
    9.48M3.14%
  • Swedbank AB
    9.00M2.98%
  • Vanguard Portfolio Management, LLC
    8.99M2.97%
  • T. Rowe Price Investment Management,Inc.
    7.99M2.64%
  • Kayne Anderson Rudnick Investment Management LLC
    7.06M2.34%
  • Vanguard Capital Management, LLC
    6.59M2.18%
  • Morgan Stanley - Brokerage Accounts
    6.09M2.02%
  • William Blair Investment Management, LLC
    5.94M1.97%
  • State Street Corp
    4.92M1.63%
  • Arrowstreet Capital Limited Partnership
    4.78M1.58%
  • Pictet Asset Manangement SA
    4.37M1.45%
  • Geode Capital Management, LLC
    3.59M1.19%
  • Millennium Management LLC
    3.52M1.16%
  • The Goldman Sachs Group Inc
    3.11M1.03%

Top Fund Holders

  • Swedbank Robur Technology A
    9.00M2.98%
  • iShares Core S&P Mid-Cap ETF
    5.22M1.73%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.12M1.69%
  • Vanguard Small Cap Index
    3.70M1.22%
  • Vanguard Information Technology ETF
    3.01M0.99%

Dividends

20263×
0.07Sep 22, 20260.07Jun 2, 20260.07Mar 10, 2026
20254×
0.07Dec 4, 20250.07Sep 23, 20250.07Jun 3, 20250.07Mar 19, 2025
20244×
0.06Dec 3, 20240.06Sep 17, 20240.06Jun 4, 20240.06Mar 19, 2024
20234×
0.05Dec 1, 20230.05Aug 14, 20230.05Jun 7, 20230.05Feb 17, 2023
20224×
0.03Nov 29, 20220.03Sep 7, 20220.03Jun 8, 20220.03Mar 7, 2022
20214×
0.03Dec 8, 20210.03Aug 31, 20210.03Jun 7, 20210.03Mar 9, 2021
20201×
0.03Dec 4, 2020