Bentley Systems, Incorporated (BSY) AI Stock Analysis

Bentley Systems, Incorporated specializes in infrastructure engineering software solutions across global markets. Its product portfolio includes open modeling and simulation applications such as MicroStation, OpenRoads, OpenRail, and OpenBuildings to assist engineers and architects in infrastructure design. It provides geoprofessional solutions like Leapfrog, GeoStudio, and PLAXIS for subsurface modeling, as well as project delivery systems including ProjectWise and SYNCHRO for collaboration and 4D construction modeling. The company also offers asset management applications such as AssetWise ALIM, alongside industry-focused solutions like ContextCapture, OpenUtilities, and PlantSight for utilities, transportation, and industrial sectors.

Between FY2021 and FY2025, annual revenue expanded from $965.0M to $1.50B, delivering a 5-year revenue CAGR of 13.4% through FY2025. Gross margin expanded from 77.6% in FY2021 to 81.5% in FY2025, while operating margin rose from 9.8% to 24.1%. Net income reached $277.9M in FY2025 with an EPS of $1.11, up from $93.2M and $0.83 in FY2021. For the latest quarter ended June 30, 2026, quarterly revenue grew 12.8% year-over-year, and quarterly earnings grew 14.8% year-over-year, contributing to trailing twelve month revenue of $1.60B and trailing twelve month EPS of $0.91.

As of June 30, 2026, Bentley Systems held $147.0M in cash and short-term investments against total debt of $1.27B, resulting in net debt of $1.12B. Total assets stood at $3.58B compared to shareholders' equity of $1.20B, yielding a debt-to-equity ratio of 1.05 and a current ratio of 0.59. Free cash flow reached $520.2M in FY2025 from $538.5M in operating cash flow. In FY2025, capital expenditures were $18.3M, while the company directed $157.2M toward share buybacks and $85.0M to dividends paid.

Bentley Systems has a market capitalization of $10.69B and an enterprise value of $11.00B. It trades at a trailing P/E of 38.9x and a forward P/E of 20.0x, above the median of its US-listed Technology peers of 28.1x trailing and 18.8x forward. Its price-to-sales of 6.7x and EV/EBITDA of 23.6x also sit above peer medians of 2.8x and 16.6x. The stock has returned -29.1% over the past year, trailing the S&P 500 (SPY) return of 16.8%.

Bentley Systems pays an annualized forward dividend of $0.28 per share, representing a dividend yield of 0.79% at its last close. The payout ratio stands at 25.4%, and dividends are distributed on a quarterly frequency. The company has paid dividends for 7 consecutive years, with an annualized 5-year dividend growth rate of 56.3%. Its last ex-dividend date occurred on September 22, 2026.

Wall Street coverage includes 10 Strong Buy, 3 Buy, and 4 Hold ratings, with no Sell or Strong Sell ratings. The mean price target is $44.27, representing a 25.2% premium over the last close of $35.37. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $1.39 on revenue of $1.70B. For the subsequent fiscal year, 16 analysts forecast EPS of $1.58 on revenue of $1.87B. Bentley Systems has exceeded EPS estimates in 1 of its last 4 quarters, with the next earnings release scheduled for November 5, 2026.

This page is an AI-written research summary of Bentley Systems, Incorporated (BSY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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