Q2 Holdings [QTWO] vs Bentley Systems [BSY] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Q2 Holdings Inc. wins in 6 metrics, Bentley Systems Incorporated wins in 13 metrics, with 1 ties. Bentley Systems Incorporated appears stronger overall.

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Vital Metrics Comparison

Metric Q2 Holdings Inc. Bentley Systems Incorporated Better
P/E Ratio (TTM) 65.33 39.34 Bentley Systems Incorporated
Price-to-Book Ratio 4.95 8.80 Q2 Holdings Inc.
Debt-to-Equity Ratio 52.30 108.01 Q2 Holdings Inc.
PEG Ratio 0.00 2.10 Tie
EV/EBITDA 42.79 26.97 Bentley Systems Incorporated
Profit Margin (TTM) 6.54% 18.50% Bentley Systems Incorporated
Operating Margin (TTM) 8.18% 20.67% Bentley Systems Incorporated
EBITDA Margin (TTM) 8.18% 20.67% Bentley Systems Incorporated
Return on Equity 8.82% 24.91% Bentley Systems Incorporated
Return on Assets (TTM) 2.03% 6.65% Bentley Systems Incorporated
Free Cash Flow (TTM) $173.37M $520.21M Bentley Systems Incorporated
Dividend Yield N/A 0.90% N/A
1-Year Return -45.90% -31.62% Bentley Systems Incorporated
Price-to-Sales Ratio (TTM) 4.10 6.75 Q2 Holdings Inc.
Enterprise Value $3.17B $11.65B Bentley Systems Incorporated
EV/Revenue Ratio 3.99 7.76 Q2 Holdings Inc.
Gross Profit Margin (TTM) 55.37% 81.89% Bentley Systems Incorporated
Revenue per Share (TTM) $13 $5 Q2 Holdings Inc.
Earnings per Share (Diluted) $0.80 $0.85 Bentley Systems Incorporated
Beta (Stock Volatility) 1.42 1.16 Bentley Systems Incorporated
Short % of Float 4.39% 9.58% Q2 Holdings Inc.

Q2 Holdings Inc. vs Bentley Systems Incorporated Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Q2 Holdings Inc.1.96%-0.64%-16.22%-10.28%-38.27%-35.40%
Bentley Systems Incorporated-0.39%2.67%-1.61%-14.95%-22.16%-13.34%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Q2 Holdings Inc.-45.90%66.96%-50.28%71.00%193.55%193.55%
Bentley Systems Incorporated-31.62%-34.67%-47.10%-6.18%-6.18%-6.18%

Performance & Financial Health Analysis: Q2 Holdings Inc. vs Bentley Systems Incorporated

MetricQTWOBSY
Market Information
Market Cap i$2.96B$10.14B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i627,8241,935,700
90 Day Avg. Volume i650,9282,387,640
Last Close$45.73$32.93
52 Week Range$44.41 - $96.68$30.52 - $59.25
% from 52W High-52.70%-44.42%
All-Time High$148.56 (Feb 08, 2021)$71.92 (Sep 13, 2021)
% from All-Time High-69.22%-54.21%
Growth Metrics
Quarterly Revenue Growth0.14%0.12%
Quarterly Earnings Growth123.65%0.17%
Financial Health
Profit Margin (TTM) i0.07%0.19%
Operating Margin (TTM) i0.08%0.21%
Return on Equity (TTM) i0.09%0.25%
Debt to Equity (MRQ) i52.30108.01
Cash & Liquidity
Book Value per Share (MRQ)$10.55$3.80
Cash per Share (MRQ)$6.93$0.39
Operating Cash Flow (TTM) i$201.46M$538.46M
Levered Free Cash Flow (TTM) i$189.77M$468.16M
Dividends
Last 12-Month Dividend Yield iN/A0.90%
Last 12-Month Dividend iN/A$0.35

Valuation & Enterprise Metrics Analysis: Q2 Holdings Inc. vs Bentley Systems Incorporated

MetricQTWO (Apr 24, 2026)BSY (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i65.3339.34
Forward P/E i15.6721.24
PEG Ratio i0.002.10
Price to Sales (TTM) i4.106.75
Price to Book (MRQ) i4.958.80
Market Capitalization
Market Capitalization i$2.96B$10.14B
Enterprise Value i$3.17B$11.65B
Enterprise Value Metrics
Enterprise to Revenue i3.997.76
Enterprise to EBITDA i42.7926.97
Risk & Other Metrics
Beta i1.421.16
Book Value per Share (MRQ) i$10.55$3.80

Financial Statements Comparison: Q2 Holdings Inc. 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

MetricQTWO (2025)BSY (2025)
Revenue/Sales i794.81M1.50B
Cost of Goods Sold i365.13M277.53M
COGS % of Revenue i45.9%18.5%
Gross Profit i429.68M1.22B
Gross Margin i54.1%81.5%
Research & Development i154.33M307.58M
Operating Income (EBIT) i43.89M362.62M
Operating Margin i5.5%24.1%
EBITDA i117.55M432.21M
EBITDA Margin i14.8%28.8%
Pre-Tax Income i54.73M350.73M
Pre-Tax Income % of Revenue i6.9%23.4%
Income Tax i2.72M72.98M
Income Tax % of Revenue i0.3%4.9%
Net Income (Profit) i52.01M277.79M
Profit Margin i6.5%18.5%

Balance Sheet & Liquidity Metrics

MetricQTWO (2025)BSY (2025)
Cash & Equivalents i367.63M123.28M
Total Current Assets i556.05M539.03M
Total Current Assets % of Revenue i70.0%35.9%
Total Current Liabilities i544.09M960.21M
Total Current Liabilities % of Revenue i68.5%63.9%
Long-Term Debt i33.83M1.27B
Long-Term Debt % of Revenue i4.3%84.6%
Total Shareholders Equity i661.81M1.19B
Retained Earnings i-612.22M-40.26M
Retained Earnings % of Revenue i-77.0%-2.7%
Property, Plant & Equipment i031.21M

Cash Flow Statement Comparison

MetricQTWO (2025)BSY (2025)
Operating Cash Flow i204.10M435.81M
Operating Cash Flow % of Revenue i25.7%29.0%
Capital Expenditures i-6.81M-18.26M
Free Cash Flow i173.37M520.21M
FCF Margin i21.8%34.6%
Debt Repayment i-191.00M-434.68M
Common Stock Repurchase i-5.00M-157.24M

Short Interest & Institutional Ownership Analysis

MetricQTWOBSY
Shares Short i2.43M19.77M
Short Ratio i2.616.83
Short % of Float i4.39%9.58%
Shares Outstanding i62.74M302.36M
Float Shares i60.57M148.93M
% Held by Insiders i0.99%44.16%
% Held by Institutions i109.82%50.49%
% Held by Public i-10.81%5.35%

Dividend Analysis & Yield Comparison: Q2 Holdings Inc. vs Bentley Systems Incorporated

MetricQTWOBSY
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