Workiva [WK] vs Bentley Systems [BSY] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Workiva Inc. wins in 7 metrics, Bentley Systems Incorporated wins in 12 metrics, with 0 ties. Bentley Systems Incorporated appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Workiva Inc. Bentley Systems Incorporated Better
P/E Ratio (TTM) N/A 39.34 N/A
Price-to-Book Ratio -543.10 8.80 Bentley Systems Incorporated
Debt-to-Equity Ratio -146.68 108.01 Bentley Systems Incorporated
PEG Ratio 16.53 2.10 Bentley Systems Incorporated
EV/EBITDA -98.60 26.97 Bentley Systems Incorporated
Profit Margin (TTM) -2.96% 18.50% Bentley Systems Incorporated
Operating Margin (TTM) 3.29% 20.67% Bentley Systems Incorporated
EBITDA Margin (TTM) 3.29% 20.67% Bentley Systems Incorporated
Return on Equity 481.40% 24.91% Workiva Inc.
Return on Assets (TTM) -1.85% 6.65% Bentley Systems Incorporated
Free Cash Flow (TTM) $137.60M $520.21M Bentley Systems Incorporated
Dividend Yield N/A 0.90% N/A
1-Year Return -26.02% -31.62% Workiva Inc.
Price-to-Sales Ratio (TTM) 3.57 6.75 Workiva Inc.
Enterprise Value $3.10B $11.65B Bentley Systems Incorporated
EV/Revenue Ratio 3.51 7.76 Workiva Inc.
Gross Profit Margin (TTM) 80.68% 81.89% Bentley Systems Incorporated
Revenue per Share (TTM) $16 $5 Workiva Inc.
Earnings per Share (Diluted) $-0.47 $0.85 Bentley Systems Incorporated
Beta (Stock Volatility) 0.68 1.16 Workiva Inc.
Short % of Float 8.04% 9.58% Workiva Inc.

Workiva Inc. vs Bentley Systems Incorporated Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Workiva Inc.-4.04%4.90%-11.91%-20.32%-45.87%-39.93%
Bentley Systems Incorporated-4.06%1.75%-2.92%-15.84%-23.46%-14.50%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Workiva Inc.-26.02%-49.46%-45.80%258.65%262.04%262.04%
Bentley Systems Incorporated-31.62%-34.67%-47.10%-6.18%-6.18%-6.18%

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

MetricWKBSY
Market Information
Market Cap i$2.97B$10.14B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i746,5581,935,700
90 Day Avg. Volume i690,1762,387,640
Last Close$49.84$32.62
52 Week Range$43.34 - $97.10$30.52 - $59.25
% from 52W High-48.67%-44.95%
All-Time High$173.24 (Nov 01, 2021)$71.92 (Sep 13, 2021)
% from All-Time High-71.23%-54.64%
Growth Metrics
Quarterly Revenue Growth0.20%0.12%
Quarterly Earnings Growth0.20%0.17%
Financial Health
Profit Margin (TTM) i-0.03%0.19%
Operating Margin (TTM) i0.03%0.21%
Return on Equity (TTM) i4.81%0.25%
Debt to Equity (MRQ) i-146.68108.01
Cash & Liquidity
Book Value per Share (MRQ)$-0.10$3.80
Cash per Share (MRQ)$15.69$0.39
Operating Cash Flow (TTM) i$140.07M$538.46M
Levered Free Cash Flow (TTM) i$137.75M$468.16M
Dividends
Last 12-Month Dividend Yield iN/A0.90%
Last 12-Month Dividend iN/A$0.35

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

MetricWK (Apr 24, 2026)BSY (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) iN/A39.34
Forward P/E i16.5321.24
PEG Ratio i16.532.10
Price to Sales (TTM) i3.576.75
Price to Book (MRQ) i-543.108.80
Market Capitalization
Market Capitalization i$2.97B$10.14B
Enterprise Value i$3.10B$11.65B
Enterprise Value Metrics
Enterprise to Revenue i3.517.76
Enterprise to EBITDA i-98.6026.97
Risk & Other Metrics
Beta i0.681.16
Book Value per Share (MRQ) i$-0.10$3.80

Financial Statements Comparison: Workiva 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

MetricWK (2025)BSY (2025)
Revenue/Sales i884.57M1.50B
Cost of Goods Sold i190.43M277.53M
COGS % of Revenue i21.5%18.5%
Gross Profit i694.14M1.22B
Gross Margin i78.5%81.5%
Research & Development i214.84M307.58M
Operating Income (EBIT) i-42.44M362.62M
Operating Margin i-4.8%24.1%
EBITDA i1.35M432.21M
EBITDA Margin i0.2%28.8%
Pre-Tax Income i-22.42M350.73M
Pre-Tax Income % of Revenue i-2.5%23.4%
Income Tax i3.75M72.98M
Income Tax % of Revenue i0.4%4.9%
Net Income (Profit) i-26.17M277.79M
Profit Margin i-3.0%18.5%

Balance Sheet & Liquidity Metrics

MetricWK (2025)BSY (2025)
Cash & Equivalents i338.77M123.28M
Total Current Assets i1.16B539.03M
Total Current Assets % of Revenue i131.4%35.9%
Total Current Liabilities i741.65M960.21M
Total Current Liabilities % of Revenue i83.8%63.9%
Long-Term Debt i719.96M1.27B
Long-Term Debt % of Revenue i81.4%84.6%
Total Shareholders Equity i-5.44M1.19B
Retained Earnings i-733.85M-40.26M
Retained Earnings % of Revenue i-83.0%-2.7%
Property, Plant & Equipment i13.99M31.21M

Cash Flow Statement Comparison

MetricWK (2025)BSY (2025)
Operating Cash Flow i169.11M435.81M
Operating Cash Flow % of Revenue i19.1%29.0%
Capital Expenditures i-2.08M-18.26M
Free Cash Flow i137.60M520.21M
FCF Margin i15.6%34.6%
Debt Repayment i-560,000-434.68M
Common Stock Repurchase i-71.63M-157.24M

Short Interest & Institutional Ownership Analysis

MetricWKBSY
Shares Short i4.15M19.77M
Short Ratio i5.586.83
Short % of Float i8.04%9.58%
Shares Outstanding i56.32M302.36M
Float Shares i47.29M148.93M
% Held by Insiders i3.73%44.16%
% Held by Institutions i95.31%50.49%
% Held by Public i0.96%5.35%

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

MetricWKBSY
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