BENTLEY SYSTEMS INC (BSY) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does BENTLEY SYSTEMS INC Do?
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. It also provides project delivery systems that support collaboration, work-sharing, and 4D construction modeling for infrastructure project delivery enterprises, such as ProjectWise, ProjectWise Design Review Service, and SYNCHRO; and asset and network performance systems, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. In addition, it offers industry solutions comprising AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. The company serves civil, structural, geotechnical, geoscience subsurface engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania. BENTLEY SYSTEMS INC (BSY) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Gregory S. Bentley and employs approximately 5,000 people. With a market capitalization of $10.4B, BSY is one of the prominent companies in the Technology sector.
BENTLEY SYSTEMS INC (BSY) Stock Rating — Reduce (April 2026)
As of April 2026, BENTLEY SYSTEMS INC receives a Reduce rating with a composite score of 41.4/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.BSY ranks #3,079 out of 4,446 stocks in our coverage universe. Within the Technology sector, BENTLEY SYSTEMS INC ranks #351 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
BSY Stock Price and 52-Week Range
BENTLEY SYSTEMS INC (BSY) currently trades at $31.30. The stock lost $2.15 (6.4%) in the most recent trading session. The 52-week high for BSY is $59.25, which means the stock is currently trading -47.2% from its annual peak. The 52-week low is $30.96, putting the stock 1.1% above its annual trough. Recent trading volume was 2.7M shares, reflecting moderate market activity.
Is BSY Overvalued or Undervalued? — Valuation Analysis
BENTLEY SYSTEMS INC (BSY) carries a value factor score of 52/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 39.79x, compared to the Technology sector average of 45.27x — a discount of 12%. The price-to-book ratio stands at 8.75x, versus the sector average of 3.16x. The price-to-sales ratio is 7.20x, compared to 1.06x for the average Technology stock. On an enterprise value basis, BSY trades at 33.04x EV/EBITDA, versus 12.79x for the sector.
Overall, BSY's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
BENTLEY SYSTEMS INC Profitability — ROE, Margins, and Quality Score
BENTLEY SYSTEMS INC (BSY) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 22.0%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 7.3% versus the sector average of -1.0%.
On a margin basis, BENTLEY SYSTEMS INC reports gross margins of 81.2%, compared to 50.9% for the sector. The operating margin is 24.3% (sector: -0.5%). Net profit margin stands at 18.0%, versus -1.5% for the average Technology stock. Revenue growth is running at 13.7% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
BSY Debt, Balance Sheet, and Financial Health
BENTLEY SYSTEMS INC has a debt-to-equity ratio of 105.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 0.56x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $1.25B. Cash and equivalents stand at $165M.
BSY has a beta of 0.68, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for BENTLEY SYSTEMS INC is 66/100, reflecting average volatility within the normal range for its sector.
BENTLEY SYSTEMS INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, BENTLEY SYSTEMS INC reported revenue of $1.45B and earnings per share (EPS) of $0.88. Net income for the quarter was $261M. Gross margin was 81.2%. Operating income came in at $353M.
In FY 2025, BENTLEY SYSTEMS INC reported revenue of $1.50B and earnings per share (EPS) of $0.88. Net income for the quarter was $278M. Gross margin was 81.5%. Revenue grew 11.0% year-over-year compared to FY 2024. Operating income came in at $363M.
In Q3 2025, BENTLEY SYSTEMS INC reported revenue of $376M and earnings per share (EPS) of $0.18. Net income for the quarter was $57M. Gross margin was 80.8%. Revenue grew 12.0% year-over-year compared to Q3 2024. Operating income came in at $84M.
In Q2 2025, BENTLEY SYSTEMS INC reported revenue of $364M and earnings per share (EPS) of $0.22. Net income for the quarter was $71M. Gross margin was 81.1%. Revenue grew 10.2% year-over-year compared to Q2 2024. Operating income came in at $84M.
Over the past 8 quarters, BENTLEY SYSTEMS INC has demonstrated a growth trajectory, with revenue expanding from $330M to $1.45B. Investors analyzing BSY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
BSY Dividend Yield and Income Analysis
BENTLEY SYSTEMS INC (BSY) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
BSY Momentum and Technical Analysis Profile
BENTLEY SYSTEMS INC (BSY) has a momentum factor score of 30/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 17/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
BSY vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, BENTLEY SYSTEMS INC (BSY) ranks #351 out of 584 stocks based on the Blank Capital composite score. This places BSY in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing BSY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BSY vs S&P 500 (SPY) comparison to assess how BENTLEY SYSTEMS INC stacks up against the broader market across all factor dimensions.
BSY Next Earnings Date
No upcoming earnings date has been announced for BENTLEY SYSTEMS INC (BSY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy BSY? — Investment Thesis Summary
The quantitative profile for BENTLEY SYSTEMS INC suggests caution. Momentum is weak at 30/100, a headwind for near-term performance. Low volatility (stability score 66/100) reduces downside risk.
In summary, BENTLEY SYSTEMS INC (BSY) earns a Reduce rating with a composite score of 41.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BSY stock.
Related Resources for BSY Investors
Explore more research and tools: BSY vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare BSY head-to-head with peers: BSY vs IHS, BSY vs VRSN, BSY vs ESE.