COTEAUBeta Get App

BSY

Bentley Systems
$38.46
+0.87% Oct 21 close
Information TechnologyS&P 400
1M3M6M1Y2Y
-45%-29%-14%+2%+17%Oct 2025Oct 2026Apr 2026
BSYSPY
1W
+9.6%
1M
+20.6%
3M
+29.6%
6M
+9.7%
YTD
+1.4%
1Y
-25.8%

Live chart

Loading live chart…

What they do

Bentley Systems, Incorporated 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+. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise.

Technology · Software - Application

For information only · Important disclosures

Grades vs sector

Momentum
8th percentile in sector
D-
12-1 return: -36.7%
Percentile within its GICS sector across the S&P 1500.
Growth
42nd percentile in sector
C
Revenue growth (YoY): +12.8%
Percentile within its GICS sector across the S&P 1500.
Value
37th percentile in sector
C-
Forward E/P: 4.5% · EBITDA/EV: 3.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
72nd percentile in sector
B+
Profit margin: +18.1% · Return on equity: +24.5%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
 Momentum Top 15
Outside this model's universe or screens
 Momentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 Coteau Long Book
Not in the current book

News

More news
No recent headlines.

Key stats

52-week range$28.36 – $51.86
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score +1 (DCF counts double).
▲Piotroski F-score9/9
•Net debt / EBITDA2.4x

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Not enough data to run a reverse DCF.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9×
 –
Forward P/E
sector median 16.9×
 –
EV / EBITDA
sector median 20.8×
 –
Price / sales
sector median 4.6×
 –
Price / book
sector median 5.1×
 –
FCF yield
sector median 3.5%
 –

Backlog (remaining performance obligations)

RPO
$280.6M
as of 2026-06-30
vs a year ago
+6%
YoY
× TTM revenue
0.18×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
81.8%
Operating margin
23.6%
FCF margin
31.1%
Net margin
18.1%
Return on equity
24.1%
Return on invested capital
12.9%
Net debt / EBITDA
2.4×
Current ratio
0.6×
Interest cover
19.7×
Cash conversion (OCF/NI)
1.8×
Piotroski F-score 9/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✓ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$1.5B$277.9M$520.2M
2024$1.4B$234.8M$421.2M
2023$1.2B$326.8M$391.7M
2022$1.1B$174.8M$255.8M
2021$965.0M$93.2M$270.5M
2020$801.5M$126.5M$241.9M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +11.0%.

Earnings

Next report: –
No EPS history available.
Insider trades
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–

Stats refreshed – ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

COTEAU

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

How it worksDisclaimerTermsPrivacyData statusSend feedback
Beta 0.9 · Oct 21, 2026