Bentley Systems Incorporated | Large-cap | Technology
$53.48
-0.07%
| Bentley Systems Stock Comparison:
Bentley Systems vs SalesforceBentley Systems vs IntuitBentley Systems vs ServiceNowBentley Systems vs Uber TechnologiesBentley Systems vs AdobeBentley Systems vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 370.5M
Gross Profit 304.9M 82.28%
Operating Income 115.2M 31.09%
Net Income 91.3M 24.65%
EPS (Diluted) $0.28

Balance Sheet Metrics

Total Assets 3.4B
Total Liabilities 2.3B
Shareholders Equity 1.1B
Debt to Equity 2.10

Cash Flow Metrics

Operating Cash Flow 124.7M
Free Cash Flow 216.4M

Revenue & Profitability Trend

Bentley Systems Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i1.4B1.2B1.1B965.0M801.5M
Cost of Goods Sold i257.8M266.1M237.0M216.5M167.2M
Gross Profit i1.1B962.3M862.1M748.5M634.4M
Gross Margin % i80.9%78.3%78.4%77.6%79.1%
Operating Expenses
Research & Development i281.2M274.6M257.9M220.9M185.5M
Selling, General & Administrative i477.9M418.7M354.5M407.4M257.2M
Other Operating Expenses i-----
Total Operating Expenses i759.2M693.3M612.3M628.3M442.8M
Operating Income i302.2M230.5M208.6M94.6M176.3M
Operating Margin % i22.3%18.8%19.0%9.8%22.0%
Non-Operating Items
Interest Income i2.7M1.5M421.0K306.0K437.0K
Interest Expense i24.8M41.3M35.1M11.5M7.2M
Other Non-Operating Income12.9M-7.2M24.3M10.0M24.2M
Pre-tax Income i293.1M183.5M198.3M93.3M167.6M
Income Tax i58.7M-143.2M21.3M-3.4M38.6M
Effective Tax Rate % i20.0%-78.0%10.7%-3.7%23.0%
Net Income i234.4M326.8M174.8M93.2M126.5M
Net Margin % i17.3%26.6%15.9%9.7%15.8%
Key Metrics
EBITDA i372.2M290.5M282.3M148.9M187.0M
EPS (Basic) i$0.75$1.05$0.57$0.30$0.44
EPS (Diluted) i$0.72$1.00$0.55$0.30$0.42
Basic Shares Outstanding i314886615312358823309226677305711345289863272
Diluted Shares Outstanding i314886615312358823309226677305711345289863272

Income Statement Trend

Bentley Systems Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i64.0M68.4M71.7M329.3M122.0M
Short-term Investments i-----
Accounts Receivable i314.5M293.5M287.1M235.3M190.0M
Inventory i-----
Other Current Assets50.5M44.8M38.7M34.3M24.7M
Total Current Assets i442.1M419.6M415.9M615.8M340.3M
Non-Current Assets
Property, Plant & Equipment i32.3M38.6M40.4M50.9M46.2M
Goodwill i4.9B4.8B4.8B3.4B1.2B
Intangible Assets i214.0M248.8M292.3M245.8M45.6M
Long-term Investments-----
Other Non-Current Assets284.7M280.1M124.9M120.0M78.7M
Total Non-Current Assets i3.0B2.9B2.7B2.0B785.8M
Total Assets i3.4B3.3B3.2B2.7B1.1B
Liabilities
Current Liabilities
Accounts Payable i16.5M18.1M15.2M16.5M16.5M
Short-term Debt i11.7M21.6M19.7M22.5M16.6M
Current Portion of Long-term Debt-----
Other Current Liabilities366.9M287.9M204.7M172.2M113.9M
Total Current Liabilities i814.3M760.4M628.4M593.9M465.6M
Non-Current Liabilities
Long-term Debt i1.4B1.5B1.8B1.5B277.8M
Deferred Tax Liabilities i8.6M9.7M51.2M65.0M10.8M
Other Non-Current Liabilities3.8M5.4M7.4M14.3M12.9M
Total Non-Current Liabilities i1.5B1.7B2.0B1.7B318.9M
Total Liabilities i2.4B2.4B2.6B2.3B784.4M
Equity
Common Stock i3.0M3.0M2.9M2.8M2.7M
Retained Earnings i-75.9M-161.9M-370.9M-439.6M-376.0M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i1.0B884.0M573.5M409.2M341.6M
Key Metrics
Total Debt i1.4B1.6B1.8B1.5B294.4M
Working Capital i-372.3M-340.8M-212.5M22.0M-125.3M

Balance Sheet Composition

Bentley Systems Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i234.4M326.8M174.8M93.2M126.5M
Depreciation & Amortization i64.6M71.9M71.5M52.8M36.1M
Stock-Based Compensation i74.4M73.0M75.2M49.0M32.1M
Working Capital Changes i41.1M83.5M-29.5M17.8M63.0M
Operating Cash Flow i442.3M384.6M296.8M204.4M275.1M
Investing Activities
Capital Expenditures i-14.0M-25.0M-16.2M-17.5M-16.4M
Acquisitions i-130.4M-26.0M-743.0M-1.0B-93.0M
Investment Purchases i-1.4M-11.6M-11.0M-4.1M-
Investment Sales i02.1M00-
Investing Cash Flow i-143.3M-60.5M-781.1M-1.1B-117.3M
Financing Activities
Share Repurchases i-76.9M-58.9M-71.8M-120.5M-84.0M
Dividends Paid i-72.1M-58.8M-34.5M-33.4M-422.6M
Debt Issuance i517.6M588.2M833.3M2.2B675.9M
Debt Repayment i-664.4M-846.7M-494.7M-991.3M-667.0M
Financing Cash Flow i-305.1M-380.8M224.4M727.1M-133.4M
Free Cash Flow i421.2M391.7M255.8M270.5M241.9M
Net Change in Cash i-6.1M-56.7M-259.9M-129.2M24.4M

Cash Flow Trend

Bentley Systems Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 66.83
Forward P/E 44.18
Price to Book 14.12
Price to Sales 11.14
PEG Ratio 44.18

Profitability Ratios

Profit Margin 17.91%
Operating Margin 23.19%
Return on Equity 23.66%
Return on Assets 6.38%

Financial Health

Current Ratio 0.51
Debt to Equity 110.37
Beta 1.10

Per Share Data

EPS (TTM) $0.78
Book Value per Share $3.69
Revenue per Share $4.51

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
bsy15.8B66.8314.1223.66%17.91%110.37
Salesforce 238.2B39.053.9310.31%16.08%19.81
Intuit 216.5B63.3110.7617.84%19.07%0.35
ServiceNow 191.5B116.2517.5216.95%13.78%22.04
Uber Technologies 186.9B15.658.5169.38%27.07%48.57
Adobe 146.6B22.1312.8952.25%30.39%57.49

Financial data is updated regularly. All figures are in the company's reporting currency.