Elastic N.V [ESTC] vs Bentley Systems [BSY] Detailed Stock Comparison

Elastic N.V.

NYSE
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Bentley Systems Incorporated

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Elastic N.V. wins in 8 metrics, Bentley Systems Incorporated wins in 12 metrics, with 0 ties. Bentley Systems Incorporated appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Elastic N.V. Bentley Systems Incorporated Better
P/E Ratio (TTM) 168.80 39.34 Bentley Systems Incorporated
Price-to-Book Ratio 6.48 8.80 Elastic N.V.
Debt-to-Equity Ratio 74.80 108.01 Elastic N.V.
PEG Ratio -1.17 2.10 Bentley Systems Incorporated
EV/EBITDA -269.34 26.97 Bentley Systems Incorporated
Profit Margin (TTM) -5.04% 18.50% Bentley Systems Incorporated
Operating Margin (TTM) 0.23% 20.67% Bentley Systems Incorporated
EBITDA Margin (TTM) 0.23% 20.67% Bentley Systems Incorporated
Return on Equity -10.24% 24.91% Bentley Systems Incorporated
Return on Assets (TTM) -0.72% 6.65% Bentley Systems Incorporated
Free Cash Flow (TTM) $261.82M $520.21M Bentley Systems Incorporated
Dividend Yield N/A 0.90% N/A
1-Year Return -23.98% -37.84% Elastic N.V.
Price-to-Sales Ratio (TTM) 3.09 6.75 Elastic N.V.
Enterprise Value $4.44B $11.65B Bentley Systems Incorporated
EV/Revenue Ratio 2.65 7.76 Elastic N.V.
Gross Profit Margin (TTM) 76.34% 81.89% Bentley Systems Incorporated
Revenue per Share (TTM) $16 $5 Elastic N.V.
Earnings per Share (Diluted) $-0.79 $0.85 Bentley Systems Incorporated
Beta (Stock Volatility) 1.03 1.16 Elastic N.V.
Short % of Float 5.16% 9.58% Elastic N.V.

Elastic N.V. vs Bentley Systems Incorporated Stock Performance Analysis

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ESTC
BSY

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Elastic N.V.3.23%0.26%23.12%16.58%-15.49%-14.14%
Bentley Systems Incorporated-0.46%-7.54%-4.80%-19.78%-24.15%-19.97%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Elastic N.V.-23.98%-9.10%-58.08%-13.79%-13.79%-13.79%
Bentley Systems Incorporated-37.84%-42.45%-52.01%-11.84%-11.84%-11.84%

Performance & Financial Health Analysis: Elastic N.V. vs Bentley Systems Incorporated

MetricESTCBSY
Market Information
Market Cap i$4.82B$10.14B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i1,870,4111,935,700
90 Day Avg. Volume i1,936,4702,387,640
Last Close$62.30$30.53
52 Week Range$42.05 - $96.07$29.45 - $59.25
% from 52W High-35.15%-48.47%
All-Time High$189.84 (Nov 15, 2021)$71.92 (Sep 13, 2021)
% from All-Time High-67.18%-57.55%
Growth Metrics
Quarterly Revenue Growth0.18%0.12%
Quarterly Earnings Growth0.18%0.17%
Financial Health
Profit Margin (TTM) i-0.05%0.19%
Operating Margin (TTM) i0.00%0.21%
Return on Equity (TTM) i-0.10%0.25%
Debt to Equity (MRQ) i74.80108.01
Cash & Liquidity
Book Value per Share (MRQ)$7.60$3.80
Cash per Share (MRQ)$12.06$0.39
Operating Cash Flow (TTM) i$261.16M$538.46M
Levered Free Cash Flow (TTM) i$387.17M$468.16M
Dividends
Last 12-Month Dividend Yield iN/A0.90%
Last 12-Month Dividend iN/A$0.35

Valuation & Enterprise Metrics Analysis: Elastic N.V. vs Bentley Systems Incorporated

MetricESTC (Apr 24, 2026)BSY (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i168.8039.34
Forward P/E i17.4021.24
PEG Ratio i-1.172.10
Price to Sales (TTM) i3.096.75
Price to Book (MRQ) i6.488.80
Market Capitalization
Market Capitalization i$4.82B$10.14B
Enterprise Value i$4.44B$11.65B
Enterprise Value Metrics
Enterprise to Revenue i2.657.76
Enterprise to EBITDA i-269.3426.97
Risk & Other Metrics
Beta i1.031.16
Book Value per Share (MRQ) i$7.60$3.80

Financial Statements Comparison: Elastic N.V. vs Bentley Systems Incorporated

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricESTC (2025)BSY (2025)
Revenue/Sales i1.48B1.50B
Cost of Goods Sold i379.87M277.53M
COGS % of Revenue i25.6%18.5%
Gross Profit i1.10B1.22B
Gross Margin i74.4%81.5%
Research & Development i365.76M307.58M
Operating Income (EBIT) i-54.70M362.62M
Operating Margin i-3.7%24.1%
EBITDA i6.28M432.21M
EBITDA Margin i0.4%28.8%
Pre-Tax Income i-31.57M350.73M
Pre-Tax Income % of Revenue i-2.1%23.4%
Income Tax i76.55M72.98M
Income Tax % of Revenue i5.2%4.9%
Net Income (Profit) i-108.11M277.79M
Profit Margin i-7.3%18.5%

Balance Sheet & Liquidity Metrics

MetricESTC (2025)BSY (2025)
Cash & Equivalents i727.54M123.28M
Total Current Assets i1.93B539.03M
Total Current Assets % of Revenue i130.2%35.9%
Total Current Liabilities i1.01B960.21M
Total Current Liabilities % of Revenue i68.0%63.9%
Long-Term Debt i586.09M1.27B
Long-Term Debt % of Revenue i39.5%84.6%
Total Shareholders Equity i927.23M1.19B
Retained Earnings i-1.10B-40.26M
Retained Earnings % of Revenue i-74.1%-2.7%
Property, Plant & Equipment i22.33M31.21M

Cash Flow Statement Comparison

MetricESTC (2025)BSY (2025)
Operating Cash Flow i287.16M435.81M
Operating Cash Flow % of Revenue i19.4%29.0%
Capital Expenditures i-4.35M-18.26M
Free Cash Flow i261.82M520.21M
FCF Margin i17.7%34.6%
Debt Repayment iN/A-434.68M
Common Stock Repurchase iN/A-157.24M

Short Interest & Institutional Ownership Analysis

MetricESTCBSY
Shares Short i4.67M19.77M
Short Ratio i2.046.83
Short % of Float i5.16%9.58%
Shares Outstanding i104.15M302.36M
Float Shares i82.85M148.93M
% Held by Insiders i12.40%44.16%
% Held by Institutions i92.71%50.49%
% Held by Public i-5.11%5.35%

Dividend Analysis & Yield Comparison: Elastic N.V. vs Bentley Systems Incorporated

MetricESTCBSY
Last 12-Month Dividend iN/A$0.35
Last 12-Month Dividend Yield iN/A0.90%
3-Year Avg Annual Dividend iN/A$0.25
3-Year Avg Dividend Yield iN/A0.13%
3-Year Total Dividends iN/A$0.74
Ex-Dividend DateN/AMar 10, 2026