Bentley Systems, Incorporated

NasdaqGS:BSY Stock Report

Market Cap: US$15.5b

Bentley Systems Past Earnings Performance

Past criteria checks 2/6

Bentley Systems has been growing earnings at an average annual rate of 23.2%, while the Software industry saw earnings growing at 22.2% annually. Revenues have been growing at an average rate of 12.3% per year. Bentley Systems's return on equity is 21.8%, and it has net margins of 17.9%.

Key information

23.24%

Earnings growth rate

21.57%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate12.26%
Return on equity21.85%
Net Margin17.91%
Next Earnings Update05 Nov 2025

Recent past performance updates

Recent updates

Does Bentley Systems (NASDAQ:BSY) Have A Healthy Balance Sheet?

Sep 27
Does Bentley Systems (NASDAQ:BSY) Have A Healthy Balance Sheet?

Bentley Systems: Engineering Software Leader, Stretched Valuation

Sep 12

Bentley Systems, Incorporated's (NASDAQ:BSY) P/E Still Appears To Be Reasonable

Sep 03
Bentley Systems, Incorporated's (NASDAQ:BSY) P/E Still Appears To Be Reasonable

Here's What's Concerning About Bentley Systems' (NASDAQ:BSY) Returns On Capital

Jul 24
Here's What's Concerning About Bentley Systems' (NASDAQ:BSY) Returns On Capital

Bentley Systems, Incorporated's (NASDAQ:BSY) Share Price Matching Investor Opinion

May 25
Bentley Systems, Incorporated's (NASDAQ:BSY) Share Price Matching Investor Opinion

Capital Allocation Trends At Bentley Systems (NASDAQ:BSY) Aren't Ideal

Apr 25
Capital Allocation Trends At Bentley Systems (NASDAQ:BSY) Aren't Ideal

Here's Why Bentley Systems (NASDAQ:BSY) Can Manage Its Debt Responsibly

Apr 09
Here's Why Bentley Systems (NASDAQ:BSY) Can Manage Its Debt Responsibly

When Should You Buy Bentley Systems, Incorporated (NASDAQ:BSY)?

Mar 25
When Should You Buy Bentley Systems, Incorporated (NASDAQ:BSY)?

Bentley Systems Faces Political Uncertainties Amid High Valuation (Downgrade)

Feb 28

Should You Be Adding Bentley Systems (NASDAQ:BSY) To Your Watchlist Today?

Feb 21
Should You Be Adding Bentley Systems (NASDAQ:BSY) To Your Watchlist Today?

Are Bentley Systems, Incorporated (NASDAQ:BSY) Investors Paying Above The Intrinsic Value?

Feb 06
Are Bentley Systems, Incorporated (NASDAQ:BSY) Investors Paying Above The Intrinsic Value?

Be Wary Of Bentley Systems (NASDAQ:BSY) And Its Returns On Capital

Jan 23
Be Wary Of Bentley Systems (NASDAQ:BSY) And Its Returns On Capital

Bentley Systems: Undervalued Stock With Robust Operational Efficiency Presents A Buying Opportunity

Jan 15

Subdued Growth No Barrier To Bentley Systems, Incorporated's (NASDAQ:BSY) Price

Dec 27
Subdued Growth No Barrier To Bentley Systems, Incorporated's (NASDAQ:BSY) Price

Bentley Systems: Rating Upgrade On Cheaper Valuation And Positive Growth Outlook

Dec 27

These 4 Measures Indicate That Bentley Systems (NASDAQ:BSY) Is Using Debt Reasonably Well

Nov 27
These 4 Measures Indicate That Bentley Systems (NASDAQ:BSY) Is Using Debt Reasonably Well

Do Bentley Systems' (NASDAQ:BSY) Earnings Warrant Your Attention?

Oct 30
Do Bentley Systems' (NASDAQ:BSY) Earnings Warrant Your Attention?

Bentley: Becoming Bullish Considering Growth Initiatives And Earnings Quality (Rating Upgrade)

Oct 21

Bentley Systems (NASDAQ:BSY) May Have Issues Allocating Its Capital

Oct 16
Bentley Systems (NASDAQ:BSY) May Have Issues Allocating Its Capital

Bentley Systems: Valuation Is A Concern On Economic Uneasiness (Downgrade)

Aug 08

Bentley Systems: Premium Business Trading At Premium Valuation

May 23

Bentley Systems: Keep This On Your Watchlist

Mar 14

Revenue & Expenses Breakdown

How Bentley Systems makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:BSY Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 251,420254486295
31 Mar 251,386256472285
31 Dec 241,353235468281
30 Sep 241,314364453270
30 Jun 241,285375422266
31 Mar 241,252352405270
31 Dec 231,228327395270
30 Sep 231,205173396271
30 Jun 231,166157382270
31 Mar 231,138164359264
31 Dec 221,099175329258
30 Sep 221,080188417253
30 Jun 221,063103413246
31 Mar 221,01993408234
31 Dec 2196593387221
30 Sep 21917106259204
30 Jun 21868160257196
31 Mar 21829154243187
31 Dec 20802126255186
30 Sep 20785111247186
30 Jun 20768125241181
31 Mar 20758110248183
31 Dec 19737103252184
30 Sep 19710129249181
31 Dec 18692142241172

Quality Earnings: BSY has high quality earnings.

Growing Profit Margin: BSY's current net profit margins (17.9%) are lower than last year (29.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BSY's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: BSY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSY had negative earnings growth (-32.2%) over the past year, making it difficult to compare to the Software industry average (16.3%).

Return on Equity

High ROE: Whilst BSY's Return on Equity (21.85%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/11 01:30
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bentley Systems, Incorporated is covered by 27 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VruwinkBaird
Guy HardwickBarclays
Gal MundaBerenberg