Bentley Systems, Incorporated (BSY) has a MoatMap StockRank of 42/100 based on Quality (61/100), Value (40/100), and Momentum (27/100) factor scores. The current signal is HOLD. Bentley Systems is a premier software provider for infrastructure engineering (grids, industrial plants, transit). It is a classic Terry Smith quality compounder with >90% recurring revenue, high ROIC, and massive switching costs. The macro tailwind of global grid modernization, nearshoring of industrial capacity, and massive public infrastructure bills creates an multi-decade runway for growth that the market underappreciates due to its focus on consumer SaaS.
Bentley Systems, Incorporated is a leading global provider of infrastructure engineering software solutions for designing, constructing, and operating roads, bridges, rail, utilities, and other infrastructure projects. Its competitive moat is built on high switching costs for mission-critical software, a large installed user base, and continuous innovation in digital twins and BIM technologies. Bentley Systems holds a strong niche as a specialized software provider, crucial for engineers and architects worldwide.
| Price | $33.11 |
| Market Cap | $9.8B |
| P/E (TTM) | 38.00 |
| P/E (Forward) | 20.91 |
| Price/Book | 8.44 |
| Return on Equity | 24.3% |
| Return on Invested Capital | 14.1% |
| Debt/Equity | 95.08 |
| Gross Margin | 81.6% |
| Operating Margin | 30.6% |
| Revenue Growth | 14.5% |
| Dividend Yield | 0.9% |
| Free Cash Flow | $418M |
Bentley Systems, Incorporated operates in the Software - Application industry, part of the Technology sector (United States).