BSY
Bentley Systems, Incorporated
BSY
31.86USD
-0.31%
Sep 23, 2026
Price
Loading price history…
Price Action
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $9.5B
- Avg Volume (60D)
- 2.7M
- Revenue Growth YoY
- +11.0%
- Gross Margin
- +81.8%
- Operating Margin
- +23.6%
- Free Cash Flow Yield
- +4.9%
- Distance from 200DMA
- -8.6%
- Next Earnings
- 2026-11-04
- P/E
- 35.2x
- EV / EBITDA
- 25.1x
- EV / Sales
- 7.0x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Two of the three valuation perspectives say fair; own history is the dissenting view.
Bentley Systems, Incorporated has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
What changed
Company Research
Thesis
Bentley is an engineering-software enabler for infrastructure owners and their design and construction partners, including grid-related projects; it monetizes the workflow digitization and asset-management layer rather than supplying electrical equipment or construction labor.
Opportunity
Moderate opportunity
Utility, engineering-contractor, and asset-owner adoption of specialized design, modeling, simulation, digital-delivery, and asset-intelligence software to plan, build, interconnect, operate, and maintain expanding transmission and distribution networks.
Key risk
Dependence on infrastructure spending cycles.
Narrative & Theme
Electric Grid Capacity Expansion
Part of Grid Engineering Design and Asset Intelligence Software, with moderate fit.
BSY is a credible second-order beneficiary of electric-grid expansion because grid investment creates more engineering, design-integration, digital-delivery, inspection, and asset-performance work.
Narrative HeatHot9.1 / 10
Theme HeatNeutral6.3 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Software - Application
What they do
Bentley Systems develops and sells software solutions for infrastructure engineering used globally across multiple regions. It operates through a portfolio of open modeling, simulation, and geoprofessional applications tailored to infrastructure design, construction, and operations.
How it earns
The company primarily generates revenue through software subscriptions and licensing fees.
Products & services
MicroStation
OpenBridge
OpenBuildings
OpenFlows
OpenPlant
OpenRail
OpenRoads
OpenSite
OpenTower
OpenTunnel
OpenUtilities
ADINA
AutoPIPE
LEGION
OpenPaths
Power Line Systems
RAM
SACS
SPIDA
STAAD
Customers & end markets
Infrastructure engineering firms
Construction companies
Government agencies
Utilities
Market position
Bentley Systems is a leader in infrastructure engineering software with a broad and specialized product portfolio.
Demand drivers
Medium cyclicality
Demand is influenced by infrastructure investment cycles and government spending patterns.