Bentley Systems [BSY] vs Shopify [SHOP] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Bentley Systems Incorporated wins in 10 metrics, Shopify Inc. wins in 9 metrics, with 0 ties. Bentley Systems Incorporated appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Bentley Systems Incorporated Shopify Inc. Better
P/E Ratio (TTM) 39.34 67.28 Bentley Systems Incorporated
Price-to-Book Ratio 8.80 11.68 Bentley Systems Incorporated
Debt-to-Equity Ratio 108.01 9.74 Shopify Inc.
PEG Ratio 2.10 56.37 Bentley Systems Incorporated
EV/EBITDA 26.97 107.41 Bentley Systems Incorporated
Profit Margin (TTM) 18.50% 22.74% Shopify Inc.
Operating Margin (TTM) 20.67% 20.70% Shopify Inc.
EBITDA Margin (TTM) 20.67% 20.70% Shopify Inc.
Return on Equity 24.91% 19.58% Bentley Systems Incorporated
Return on Assets (TTM) 6.65% 6.18% Bentley Systems Incorporated
Free Cash Flow (TTM) $520.21M $1.60B Shopify Inc.
Dividend Yield 0.90% N/A N/A
1-Year Return -37.84% 26.78% Shopify Inc.
Price-to-Sales Ratio (TTM) 6.75 15.17 Bentley Systems Incorporated
Enterprise Value $11.65B $137.81B Shopify Inc.
EV/Revenue Ratio 7.76 15.52 Bentley Systems Incorporated
Gross Profit Margin (TTM) 81.89% 48.08% Bentley Systems Incorporated
Revenue per Share (TTM) $5 $7 Shopify Inc.
Earnings per Share (Diluted) $0.85 $1.55 Shopify Inc.
Beta (Stock Volatility) 1.16 2.60 Bentley Systems Incorporated
Short % of Float 9.58% N/A N/A

Bentley Systems Incorporated vs Shopify Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Bentley Systems Incorporated-0.46%-7.54%-4.80%-19.78%-24.15%-19.97%
Shopify Inc.-1.24%N/AN/AN/AN/AN/A

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Bentley Systems Incorporated-37.84%-42.45%-52.01%-11.84%-11.84%-11.84%
Shopify Inc.26.78%58.22%128.49%3,272.44%3,272.44%3,272.44%

Performance & Financial Health Analysis: Bentley Systems Incorporated vs Shopify Inc.

MetricBSYSHOP
Market Information
Market Cap i$10.14B$134.68B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i1,935,7007,527,613
90 Day Avg. Volume i2,387,6409,021,308
Last Close$30.53$95.48
52 Week Range$29.45 - $59.25$48.56 - $129.38
% from 52W High-48.47%-26.20%
All-Time High$71.92 (Sep 13, 2021)$176.29 (Nov 15, 2021)
% from All-Time High-57.55%-45.84%
Growth Metrics
Quarterly Revenue Growth0.12%0.31%
Quarterly Earnings Growth0.17%0.97%
Financial Health
Profit Margin (TTM) i0.19%0.23%
Operating Margin (TTM) i0.21%0.21%
Return on Equity (TTM) i0.25%0.20%
Debt to Equity (MRQ) i108.019.74
Cash & Liquidity
Book Value per Share (MRQ)$3.80$8.93
Cash per Share (MRQ)$0.39$4.26
Operating Cash Flow (TTM) i$538.46M$1.62B
Levered Free Cash Flow (TTM) i$468.16M$861.37M
Dividends
Last 12-Month Dividend Yield i0.90%N/A
Last 12-Month Dividend i$0.35N/A

Valuation & Enterprise Metrics Analysis: Bentley Systems Incorporated vs Shopify Inc.

MetricBSY (Apr 26, 2026)SHOP (Mar 31, 2025)
Price Ratios
P/E Ratio (TTM) i39.3467.28
Forward P/E i21.2456.37
PEG Ratio i2.1056.37
Price to Sales (TTM) i6.7515.17
Price to Book (MRQ) i8.8011.68
Market Capitalization
Market Capitalization i$10.14B$134.68B
Enterprise Value i$11.65B$137.81B
Enterprise Value Metrics
Enterprise to Revenue i7.7615.52
Enterprise to EBITDA i26.97107.41
Risk & Other Metrics
Beta i1.162.60
Book Value per Share (MRQ) i$3.80$8.93

Financial Statements Comparison: Bentley Systems Incorporated vs Shopify Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricBSY (2025)SHOP (2024)
Revenue/Sales i1.50B8.88B
Cost of Goods Sold i277.53M4.41B
COGS % of Revenue i18.5%49.6%
Gross Profit i1.22B4.47B
Gross Margin i81.5%50.4%
Research & Development i307.58M1.37B
Operating Income (EBIT) i362.62M1.08B
Operating Margin i24.1%12.1%
EBITDA i432.21M128.00M
EBITDA Margin i28.8%1.4%
Pre-Tax Income i350.73M2.23B
Pre-Tax Income % of Revenue i23.4%25.1%
Income Tax i72.98M209.00M
Income Tax % of Revenue i4.9%2.4%
Net Income (Profit) i277.79M2.02B
Profit Margin i18.5%22.7%

Balance Sheet & Liquidity Metrics

MetricBSY (2025)SHOP (2024)
Cash & Equivalents i123.28M1.50B
Total Current Assets i539.03M7.25B
Total Current Assets % of Revenue i35.9%81.7%
Total Current Liabilities i960.21M1.96B
Total Current Liabilities % of Revenue i63.9%22.0%
Long-Term Debt i1.27B190.00M
Long-Term Debt % of Revenue i84.6%2.1%
Total Shareholders Equity i1.19B11.56B
Retained Earnings i-40.26M1.63B
Retained Earnings % of Revenue i-2.7%18.3%
Property, Plant & Equipment i31.21M93.00M

Cash Flow Statement Comparison

MetricBSY (2025)SHOP (2024)
Operating Cash Flow i435.81M2.19B
Operating Cash Flow % of Revenue i29.0%24.7%
Capital Expenditures i-18.26M-19.00M
Free Cash Flow i520.21M1.60B
FCF Margin i34.6%18.0%
Debt Repayment i-434.68MN/A
Common Stock Repurchase i-157.24MN/A

Short Interest & Institutional Ownership Analysis

MetricBSYSHOP
Shares Short i19.77MN/A
Short Ratio i6.83N/A
Short % of Float i9.58%N/A
Shares Outstanding i302.36M1.29B
Float Shares i148.93M1.21B
% Held by Insiders i44.16%0.18%
% Held by Institutions i50.49%72.30%
% Held by Public i5.35%27.52%

Dividend Analysis & Yield Comparison: Bentley Systems Incorporated vs Shopify Inc.

MetricBSYSHOP
Last 12-Month Dividend i$0.35N/A
Last 12-Month Dividend Yield i0.90%N/A
3-Year Avg Annual Dividend i$0.25N/A
3-Year Avg Dividend Yield i0.13%N/A
3-Year Total Dividends i$0.74N/A
Ex-Dividend DateMar 10, 2026N/A