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Bentley Systems (BSY) Financials

Bentley Systems logo
$48.34 +0.92 (+1.94%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$48.22 -0.12 (-0.25%)
As of 05/27/2025 04:28 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Bentley Systems

Annual Income Statements for Bentley Systems

This table shows Bentley Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Income / (Loss) Attributable to Common Shareholders
235 327 175 93 126 103 142
Consolidated Net Income / (Loss)
234 327 175 93 127 103 142
Net Income / (Loss) Continuing Operations
234 327 175 93 127 103 142
Total Pre-Tax Income
293 184 198 93 168 128 113
Total Operating Income
302 231 209 95 150 142 121
Total Gross Profit
1,095 962 862 749 634 593 560
Total Revenue
1,353 1,228 1,099 965 802 737 692
Operating Revenue
1,353 1,228 1,099 965 802 737 692
Total Cost of Revenue
258 266 237 217 167 144 131
Operating Cost of Revenue
258 266 237 217 167 144 131
Total Operating Expenses
793 732 653 654 484 451 439
Selling, General & Admin Expense
210 181 175 150 139 97 89
Marketing Expense
255 224 196 162 144 155 161
Research & Development Expense
281 275 258 221 186 184 175
Amortization Expense
34 39 41 26 15 14 14
Other Operating Expenses / (Income)
12 14 -16 95 0.18 0.41 -
Total Other Income / (Expense), net
-9.10 -47 -10 -1.26 17 -14 -8.53
Interest & Investment Income
-22 -40 -35 -11 -6.78 -8.20 -8.77
Other Income / (Expense), net
13 -7.22 24 9.96 24 -5.56 0.24
Income Tax Expense
59 -143 21 -3.45 39 24 -29
Other Gains / (Losses), net
0.10 0.02 -2.21 -3.59 -2.47 -1.28 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.35 0.00 0.00 - 0.23 0.01 0.00
Basic Earnings per Share
$0.75 $1.05 $0.57 $0.30 $0.44 $0.36 $0.50
Weighted Average Basic Shares Outstanding
314.89M 312.36M 309.23M 305.71M 289.86M 284.63M 285.81M
Diluted Earnings per Share
$0.72 $1.00 $0.55 $0.30 $0.42 $0.35 $0.49
Weighted Average Diluted Shares Outstanding
333.77M 332.50M 331.77M 314.61M 299.37M 293.80M 292.62M
Weighted Average Basic & Diluted Shares Outstanding
303.10M 297.33M 290.43M 283.89M 273.22M - -
Cash Dividends to Common per Share
$0.24 $0.20 $0.12 $0.12 $1.62 $0.10 $0.08

Quarterly Income Statements for Bentley Systems

This table shows Bentley Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
91 50 42 72 70 180 53 49 45 26 37
Consolidated Net Income / (Loss)
91 50 42 72 70 180 53 49 45 26 37
Net Income / (Loss) Continuing Operations
91 50 42 72 70 180 53 49 45 26 37
Total Pre-Tax Income
112 64 59 77 93 14 70 45 55 39 47
Total Operating Income
115 61 69 80 92 38 74 53 66 41 56
Total Gross Profit
305 282 270 267 276 243 242 230 247 225 209
Total Revenue
371 350 335 330 338 311 307 297 314 287 268
Operating Revenue
371 350 335 330 338 311 307 297 314 287 268
Total Cost of Revenue
66 68 65 63 62 68 65 66 67 62 59
Operating Cost of Revenue
66 68 65 63 62 68 65 66 67 62 59
Total Operating Expenses
190 220 202 187 184 205 168 177 181 184 154
Selling, General & Admin Expense
47 58 51 55 46 52 43 39 47 46 38
Marketing Expense
63 79 65 57 54 64 54 54 52 54 46
Research & Development Expense
72 77 70 66 68 71 65 70 68 68 64
Amortization Expense
8.21 8.28 8.36 8.39 8.96 8.95 9.52 9.50 11 10 10
Other Operating Expenses / (Income)
-1.25 -1.28 6.98 0.88 5.80 8.82 -3.16 3.78 4.15 6.09 -4.58
Total Other Income / (Expense), net
-3.36 2.86 -9.76 -2.82 0.62 -24 -4.09 -8.52 -11 -1.61 -8.20
Interest & Investment Income
-3.81 -5.76 -4.67 -5.10 -6.52 -9.17 -10 -9.48 -11 -11 -9.13
Other Income / (Expense), net
0.45 8.62 -5.09 2.28 7.14 -14 5.95 0.97 0.29 9.51 0.93
Income Tax Expense
20 15 17 5.33 22 -165 17 -3.90 9.49 13 9.66
Other Gains / (Losses), net
0.00 0.09 -0.01 0.02 0.01 0.06 -0.04 0.00 0.00 -0.37 -0.68
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.03 - - - - - - - - - -
Basic Earnings per Share
$0.29 $0.17 $0.13 $0.23 $0.22 $0.57 $0.17 $0.16 $0.15 $0.09 $0.12
Weighted Average Basic Shares Outstanding
315.13M 314.89M 315.21M 314.98M 314.30M 312.36M 313.07M 311.91M 310.76M 309.23M 310.12M
Diluted Earnings per Share
$0.28 $0.15 $0.13 $0.22 $0.22 $0.55 $0.16 $0.15 $0.14 $0.08 $0.12
Weighted Average Diluted Shares Outstanding
333.44M 333.77M 333.79M 333.78M 333.62M 332.50M 332.83M 332.35M 331.25M 331.77M 325.17M
Weighted Average Basic & Diluted Shares Outstanding
303.38M 303.10M 302.25M 302.16M 300.00M 297.33M 295.92M 294.97M 293.37M 290.43M 288.39M
Cash Dividends to Common per Share
$0.07 - $0.06 $0.06 $0.06 - $0.05 $0.05 $0.05 - $0.03

Annual Cash Flow Statements for Bentley Systems

This table details how cash moves in and out of Bentley Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Net Change in Cash & Equivalents
-4.40 -3.27 -258 207 0.91 40 -53
Net Cash From Operating Activities
435 417 274 288 258 171 161
Net Cash From Continuing Operating Activities
435 417 274 288 258 171 161
Net Income / (Loss) Continuing Operations
234 327 175 93 127 103 142
Consolidated Net Income / (Loss)
234 327 175 93 127 103 142
Depreciation Expense
65 72 72 53 36 32 29
Amortization Expense
7.34 7.29 7.29 5.96 0.99 0.55 0.55
Non-Cash Adjustments To Reconcile Net Income
81 94 84 54 7.75 20 13
Changes in Operating Assets and Liabilities, net
47 -83 -63 82 87 15 -23
Net Cash From Investing Activities
-143 -61 -770 -1,057 -117 -54 -155
Net Cash From Continuing Investing Activities
-143 -61 -770 -1,057 -117 -54 -155
Purchase of Property, Plant & Equipment
-14 -25 -19 -18 -16 -17 -19
Acquisitions
-130 -26 -743 -1,035 -93 -34 -135
Purchase of Investments
-1.44 -12 -11 -4.08 - - -
Sale of Property, Plant & Equipment
0.00 0.00 2.38 0.00 0.00 - -
Sale and/or Maturity of Investments
0.00 2.12 0.00 0.00 - - -
Other Investing Activities, net
2.62 0.00 0.00 - -7.85 -3.00 0.00
Net Cash From Financing Activities
-290 -359 243 983 -137 -77 -59
Net Cash From Continuing Financing Activities
-290 -359 243 983 -137 -77 -59
Repayment of Debt
-671 -847 -494 -997 -668 -227 -160
Repurchase of Common Equity
-64 0.00 -28 0.00 -1.37 -24 -46
Payment of Dividends
-72 -59 -34 -33 -423 -25 -20
Issuance of Debt
518 588 833 2,178 676 191 148
Issuance of Common Equity
15 22 19 9.45 363 8.14 19
Other Financing Activities, net
-16 -63 -52 -175 -84 0.00 0.01
Effect of Exchange Rate Changes
-6.58 -0.39 -4.88 -6.67 -3.59 -0.11 -1.19
Cash Interest Paid
17 37 27 4.63 8.01 9.22 8.86
Cash Income Taxes Paid
60 44 29 40 29 28 26

Quarterly Cash Flow Statements for Bentley Systems

This table details how cash moves in and out of Bentley Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
20 -8.17 21 -90 73 1.45 -16 -11 22 -1.17 -21
Net Cash From Operating Activities
219 82 86 63 205 87 73 81 176 36 69
Net Cash From Continuing Operating Activities
219 82 86 63 205 87 73 81 176 36 69
Net Income / (Loss) Continuing Operations
91 50 42 72 70 180 53 49 45 26 37
Consolidated Net Income / (Loss)
91 50 42 72 70 180 53 49 45 26 37
Depreciation Expense
16 16 16 16 16 19 17 17 18 18 18
Amortization Expense
1.89 1.78 1.80 1.93 1.82 1.82 1.82 1.82 1.82 1.82 1.82
Non-Cash Adjustments To Reconcile Net Income
18 24 15 24 18 34 22 17 21 18 24
Changes in Operating Assets and Liabilities, net
93 -9.80 10 -52 99 -148 -21 -4.10 90 -27 -11
Net Cash From Investing Activities
-3.04 -7.59 -125 -7.10 -3.85 -9.26 -21 -8.99 -21 -30 -16
Net Cash From Continuing Investing Activities
-3.04 -7.59 -125 -7.10 -3.85 -9.26 -21 -8.99 -21 -30 -16
Purchase of Property, Plant & Equipment
-3.04 -5.55 -1.81 -3.09 -3.60 -6.10 -7.65 -6.97 -4.28 -5.56 -6.39
Purchase of Investments
0.00 -0.63 -0.25 -0.31 -0.25 -0.25 -3.15 -2.02 -6.18 -0.65 -4.74
Net Cash From Financing Activities
-201 -77 58 -145 -126 -79 -64 -82 -134 -12 -71
Net Cash From Continuing Financing Activities
-201 -77 58 -145 -126 -79 -64 -82 -134 -12 -71
Repayment of Debt
-267 -323 -99 -114 -134 -208 -203 -211 -224 -82 -146
Repurchase of Common Equity
-30 -19 -8.25 -23 -15 - - - 0.00 - -15
Payment of Dividends
-21 -18 -18 -18 -18 -15 -15 -15 -15 -8.67 -8.67
Issuance of Debt
122 284 182 12 40 146 154 171 117 80 95
Issuance of Common Equity
5.31 - 5.67 - 9.57 1.13 6.32 5.50 8.76 1.48 6.72
Other Financing Activities, net
-9.75 -1.31 -4.14 -1.53 -8.55 -2.70 -6.50 -33 -21 -2.81 -3.63
Effect of Exchange Rate Changes
4.07 -5.58 1.75 -1.25 -1.50 2.71 -3.04 -0.72 0.66 4.04 -2.46
Cash Interest Paid
2.15 5.07 3.42 3.45 5.26 8.02 9.99 8.91 10 8.93 7.12
Cash Income Taxes Paid
8.43 26 10 12 12 14 11 12 6.10 8.78 9.09

Annual Balance Sheets for Bentley Systems

This table presents Bentley Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets
3,400 3,320 3,165 2,659 1,126 995
Total Current Assets
442 420 416 616 340 354
Cash & Equivalents
64 68 72 329 122 121
Accounts Receivable
314 294 287 235 190 205
Prepaid Expenses
51 45 39 34 25 23
Current Deferred & Refundable Income Taxes
13 13 18 17 3.54 4.54
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
2,958 2,900 2,749 2,043 786 641
Goodwill
2,367 2,269 2,237 1,588 581 480
Intangible Assets
214 249 292 246 46 46
Noncurrent Deferred & Refundable Income Taxes
198 213 53 71 39 51
Other Noncurrent Operating Assets
178 169 167 138 120 64
Total Liabilities & Shareholders' Equity
3,400 3,320 3,165 2,659 1,126 995
Total Liabilities
2,359 2,436 2,592 2,250 784 660
Total Current Liabilities
814 760 628 594 466 392
Short-Term Debt
0.00 10 5.00 5.00 0.00 -
Accounts Payable
16 18 15 16 16 18
Accrued Expenses
536 457 362 324 227 168
Current Deferred Revenue
246 254 227 225 202 205
Current Deferred & Payable Income Tax Liabilities
4.05 9.49 4.51 6.70 3.37 2.24
Other Current Liabilities
12 12 15 17 17 0.00
Total Noncurrent Liabilities
1,544 1,676 1,963 1,656 319 268
Long-Term Debt
1,388 1,518 1,776 1,431 246 234
Noncurrent Deferred Revenue
20 23 24 16 15 16
Noncurrent Deferred & Payable Income Tax Liabilities
8.61 9.72 51 65 11 8.26
Noncurrent Employee Benefit Liabilities
97 88 77 95 2.42 -
Other Noncurrent Operating Liabilities
31 36 35 50 45 9.26
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,041 884 573 409 342 335
Total Preferred & Common Equity
1,041 883 573 409 342 335
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,041 883 573 409 342 335
Common Stock
1,221 1,130 1,033 941 744 411
Retained Earnings
-76 -162 -371 -440 -376 -53
Accumulated Other Comprehensive Income / (Loss)
-104 -85 -90 -92 -26 -24
Noncontrolling Interest
0.13 0.70 0.70 0.00 - -

Quarterly Balance Sheets for Bentley Systems

This table presents Bentley Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
3,403 3,396 3,257 3,354 3,135 3,164 3,188 3,041
Total Current Assets
446 404 387 474 374 391 432 326
Cash & Equivalents
84 72 51 142 67 83 94 73
Accounts Receivable
304 263 274 274 235 244 277 204
Prepaid Expenses
50 53 43 47 46 44 40 32
Current Deferred & Refundable Income Taxes
8.80 16 18 11 26 20 21 17
Plant, Property, & Equipment, net
33 0.00 0.00 39 0.00 0.00 33 0.00
Total Noncurrent Assets
2,924 2,993 2,870 2,842 2,761 2,772 2,723 2,715
Goodwill
2,380 2,390 2,265 2,261 2,251 2,253 2,248 2,193
Intangible Assets
203 226 226 236 260 272 284 301
Noncurrent Deferred & Refundable Income Taxes
199 208 206 208 62 69 52 53
Other Noncurrent Operating Assets
141 169 174 136 188 179 139 168
Total Liabilities & Shareholders' Equity
3,403 3,396 3,257 3,354 3,135 3,164 3,188 3,041
Total Liabilities
2,305 2,362 2,273 2,421 2,443 2,520 2,574 2,521
Total Current Liabilities
906 782 786 838 681 709 720 569
Short-Term Debt
0.00 0.00 0.00 10 8.75 7.50 6.25 5.00
Accounts Payable
24 31 24 24 26 37 29 17
Accrued Expenses
164 495 500 540 403 399 421 337
Customer Deposits
448 - - - - - - -
Current Deferred Revenue
244 225 237 242 212 231 235 186
Current Deferred & Payable Income Tax Liabilities
14 19 14 11 19 21 15 8.41
Other Current Liabilities
12 12 11 11 11 13 14 15
Total Noncurrent Liabilities
1,399 1,580 1,487 1,583 1,762 1,811 1,854 1,952
Long-Term Debt
1,244 1,419 1,335 1,425 1,581 1,629 1,669 1,777
Noncurrent Deferred Revenue
20 19 19 23 23 24 24 24
Noncurrent Deferred & Payable Income Tax Liabilities
8.29 12 12 10 44 38 47 44
Noncurrent Employee Benefit Liabilities
95 98 91 93 80 83 81 71
Other Noncurrent Operating Liabilities
32 32 30 32 36 37 34 37
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,098 1,034 985 933 692 644 614 520
Total Preferred & Common Equity
1,098 1,033 984 932 691 643 613 520
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
1,098 1,033 984 932 691 643 613 520
Common Stock
1,243 1,204 1,180 1,157 1,112 1,088 1,064 1,008
Retained Earnings
-48 -88 -103 -133 -325 -357 -361 -386
Accumulated Other Comprehensive Income / (Loss)
-98 -83 -93 -93 -95 -88 -89 -102
Noncontrolling Interest
0.11 0.70 0.70 0.70 0.70 0.70 0.70 -

Annual Metrics And Ratios for Bentley Systems

This table displays calculated financial ratios and metrics derived from Bentley Systems' official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018
Growth Metrics
- - - - - - -
Revenue Growth
10.15% 11.77% 13.89% 20.40% 8.81% 6.50% 0.00%
EBITDA Growth
27.96% -2.97% 90.90% -22.79% 25.13% 11.65% 0.00%
EBIT Growth
41.10% -4.12% 122.77% -40.05% 27.95% 12.07% 0.00%
NOPAT Growth
-41.14% 120.43% 89.86% -15.12% -0.02% -24.39% 0.00%
Net Income Growth
-28.26% 86.97% 87.55% -26.34% 22.72% -27.45% 0.00%
EPS Growth
-28.00% 81.82% 83.33% -28.57% 20.00% -28.57% 0.00%
Operating Cash Flow Growth
4.46% 51.90% -4.76% 11.49% 51.28% 5.76% 0.00%
Free Cash Flow Firm Growth
-36.85% 160.13% 39.05% -1,079.37% 129.31% 0.00% 0.00%
Invested Capital Growth
0.91% 2.69% 50.57% 225.58% 4.10% 0.00% 0.00%
Revenue Q/Q Growth
2.98% 1.97% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
12.76% -7.84% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
17.39% -10.76% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
-42.13% 111.44% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
-35.64% 88.98% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth
-35.71% 88.68% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
-1.23% 13.92% -13.95% -0.59% 13.03% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
-12.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
-0.65% 5.84% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics
- - - - - - -
Gross Margin
80.95% 78.34% 78.44% 77.56% 79.15% 80.43% 81.01%
EBITDA Margin
28.60% 24.62% 28.36% 16.92% 26.39% 22.94% 21.88%
Operating Margin
22.33% 18.77% 18.98% 9.80% 18.73% 19.26% 17.55%
EBIT Margin
23.29% 18.18% 21.19% 10.83% 21.76% 18.50% 17.58%
Profit (Net Income) Margin
17.33% 26.60% 15.90% 9.66% 15.78% 14.00% 20.55%
Tax Burden Percent
80.00% 178.06% 88.15% 99.85% 75.48% 80.48% 125.92%
Interest Burden Percent
93.00% 82.18% 85.13% 89.27% 96.11% 93.98% 92.79%
Effective Tax Rate
20.04% -78.05% 10.73% -3.69% 23.04% 18.53% -25.92%
Return on Invested Capital (ROIC)
10.26% 17.74% 9.81% 9.90% 25.32% 51.68% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
9.75% 12.46% 8.99% 9.11% 34.59% 29.52% 0.00%
Return on Net Nonoperating Assets (RNNOA)
14.09% 27.10% 25.77% 14.92% 12.10% 9.94% 0.00%
Return on Equity (ROE)
24.36% 44.84% 35.57% 24.82% 37.42% 61.62% 0.00%
Cash Return on Invested Capital (CROIC)
9.36% 15.09% -30.56% -96.11% 21.30% -148.32% 0.00%
Operating Return on Assets (OROA)
9.38% 6.89% 8.00% 5.52% 16.45% 13.70% 0.00%
Return on Assets (ROA)
6.98% 10.08% 6.00% 4.92% 11.93% 10.37% 0.00%
Return on Common Equity (ROCE)
24.34% 44.80% 35.55% 24.82% 37.42% 61.62% 0.00%
Return on Equity Simple (ROE_SIMPLE)
22.52% 37.00% 30.52% 22.77% 37.04% 30.81% 0.00%
Net Operating Profit after Tax (NOPAT)
242 410 186 98 116 116 153
NOPAT Margin
17.86% 33.42% 16.94% 10.16% 14.42% 15.69% 22.10%
Net Nonoperating Expense Percent (NNEP)
0.52% 5.28% 0.81% 0.80% -9.27% 22.16% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
9.95% 17.02% 7.91% - - - -
Cost of Revenue to Revenue
19.05% 21.66% 21.56% 22.44% 20.85% 19.57% 18.99%
SG&A Expenses to Revenue
15.55% 14.71% 15.89% 15.56% 17.39% 13.19% 12.91%
R&D to Revenue
20.79% 22.36% 23.46% 22.89% 23.14% 24.92% 25.30%
Operating Expenses to Revenue
58.62% 59.57% 59.45% 67.76% 60.41% 61.17% 63.47%
Earnings before Interest and Taxes (EBIT)
315 223 233 105 174 136 122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
387 302 312 163 212 169 151
Valuation Ratios
- - - - - - -
Price to Book Value (P/BV)
13.56 17.40 18.44 33.02 30.69 0.71 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
10.43 12.51 9.61 14.00 13.08 0.32 0.34
Price to Earnings (P/E)
60.12 47.02 60.43 144.98 83.02 2.29 1.66
Dividend Yield
0.51% 0.39% 0.41% 0.25% 0.08% 0.00% 0.00%
Earnings Yield
1.66% 2.13% 1.65% 0.69% 1.20% 43.59% 60.09%
Enterprise Value to Invested Capital (EV/IC)
6.53 7.18 5.38 9.64 22.78 0.78 0.00
Enterprise Value to Revenue (EV/Rev)
11.41 13.70 11.17 15.15 13.23 0.47 0.00
Enterprise Value to EBITDA (EV/EBITDA)
39.89 55.63 39.37 89.51 50.15 2.07 0.00
Enterprise Value to EBIT (EV/EBIT)
49.00 75.35 52.69 139.81 60.82 2.56 0.00
Enterprise Value to NOPAT (EV/NOPAT)
63.90 40.99 65.90 149.03 91.80 3.02 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
35.47 40.38 44.74 50.75 41.06 2.04 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
70.06 48.22 0.00 0.00 109.11 0.00 0.00
Leverage & Solvency
- - - - - - -
Debt to Equity
1.33 1.73 3.11 3.51 0.72 0.70 0.00
Long-Term Debt to Equity
1.33 1.72 3.10 3.50 0.72 0.70 0.00
Financial Leverage
1.45 2.17 2.87 1.64 0.35 0.34 0.00
Leverage Ratio
3.49 4.45 5.93 5.04 3.14 2.97 0.00
Compound Leverage Factor
3.25 3.66 5.05 4.50 3.01 2.79 0.00
Debt to Total Capital
57.14% 63.36% 75.64% 77.82% 41.87% 41.13% 0.00%
Short-Term Debt to Total Capital
0.00% 0.41% 0.21% 0.27% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
57.14% 62.94% 75.43% 77.55% 41.87% 41.13% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.01% 0.03% 0.03% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
42.85% 36.61% 24.33% 22.18% 58.13% 58.87% 0.00%
Debt to EBITDA
3.59 5.05 5.71 8.79 1.16 1.38 0.00
Net Debt to EBITDA
3.42 4.83 5.48 6.78 0.59 0.67 0.00
Long-Term Debt to EBITDA
3.59 5.02 5.70 8.76 1.16 1.38 0.00
Debt to NOPAT
5.75 3.72 9.56 14.64 2.13 2.02 0.00
Net Debt to NOPAT
5.48 3.56 9.18 11.28 1.07 0.97 0.00
Long-Term Debt to NOPAT
5.75 3.70 9.54 14.59 2.13 2.02 0.00
Altman Z-Score
4.13 4.19 2.79 3.87 8.64 1.29 0.00
Noncontrolling Interest Sharing Ratio
0.04% 0.10% 0.07% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - -
Current Ratio
0.54 0.55 0.66 1.04 0.73 0.90 0.00
Quick Ratio
0.46 0.48 0.57 0.95 0.67 0.83 0.00
Cash Flow Metrics
- - - - - - -
Free Cash Flow to Firm (FCFF)
220 349 -580 -952 97 -332 0.00
Operating Cash Flow to CapEx
3,099.05% 1,666.65% 1,696.92% 1,642.19% 1,570.74% 1,026.34% 828.32%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - -
Asset Turnover
0.40 0.38 0.38 0.51 0.76 0.74 0.00
Accounts Receivable Turnover
4.45 4.23 4.21 4.54 4.06 3.60 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
14.91 16.00 14.97 13.13 9.79 8.16 0.00
Days Sales Outstanding (DSO)
82.01 86.26 86.73 80.43 89.83 101.33 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
24.48 22.82 24.38 27.79 37.30 44.74 0.00
Cash Conversion Cycle (CCC)
57.53 63.44 62.36 52.64 52.53 56.59 0.00
Capital & Investment Metrics
- - - - - - -
Invested Capital
2,365 2,344 2,282 1,516 466 447 0.00
Invested Capital Turnover
0.57 0.53 0.58 0.97 1.76 3.29 0.00
Increase / (Decrease) in Invested Capital
21 62 767 1,050 18 447 0.00
Enterprise Value (EV)
15,439 16,827 12,272 14,617 10,608 349 0.00
Market Capitalization
14,115 15,366 10,562 13,511 10,484 237 237
Book Value per Share
$3.44 $2.98 $1.99 $1.45 $1.30 $1.18 $0.00
Tangible Book Value per Share
($5.10) ($5.52) ($6.78) ($5.05) ($1.09) ($0.67) $0.00
Total Capital
2,429 2,412 2,354 1,845 588 568 0.00
Total Debt
1,388 1,528 1,781 1,436 246 234 0.00
Total Long-Term Debt
1,388 1,518 1,776 1,431 246 234 0.00
Net Debt
1,324 1,460 1,709 1,107 124 113 0.00
Capital Expenditures (CapEx)
14 25 16 18 16 17 19
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-436 -399 -279 -302 -247 -160 0.00
Debt-free Net Working Capital (DFNWC)
-372 -331 -207 27 -125 -39 0.00
Net Working Capital (NWC)
-372 -341 -212 22 -125 -39 0.00
Net Nonoperating Expense (NNE)
7.17 84 11 4.89 -11 12 11
Net Nonoperating Obligations (NNO)
1,324 1,460 1,709 1,107 124 113 0.00
Total Depreciation and Amortization (D&A)
72 79 79 59 37 33 30
Debt-free, Cash-free Net Working Capital to Revenue
-32.24% -32.50% -25.40% -31.33% -30.85% -21.71% 0.00%
Debt-free Net Working Capital to Revenue
-27.51% -26.93% -18.88% 2.79% -15.63% -5.27% 0.00%
Net Working Capital to Revenue
-27.51% -27.74% -19.33% 2.28% -15.63% -5.27% 0.00%
Earnings Adjustments
- - - - - - -
Adjusted Basic Earnings per Share
$0.75 $1.05 $0.57 $0.30 $0.44 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
314.89M 312.36M 309.23M 305.71M 289.86M 0.00 0.00
Adjusted Diluted Earnings per Share
$0.72 $1.00 $0.55 $0.30 $0.42 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
333.77M 332.50M 331.77M 314.61M 299.37M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
303.10M 297.33M 290.43M 283.89M 273.22M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
242 161 186 66 116 116 85
Normalized NOPAT Margin
17.86% 13.14% 16.94% 6.86% 14.42% 15.69% 12.28%
Pre Tax Income Margin
21.66% 14.94% 18.04% 9.67% 20.91% 17.39% 16.32%
Debt Service Ratios
- - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - -
Dividend Payout Ratio
30.76% 17.98% 19.74% 35.84% 334.05% 24.24% 14.11%
Augmented Payout Ratio
58.21% 17.98% 35.90% 35.84% 335.14% 47.68% 46.80%

Quarterly Metrics And Ratios for Bentley Systems

This table displays calculated financial ratios and metrics derived from Bentley Systems' official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
9.70% 12.61% 9.32% 11.32% 7.43% 8.26% 14.27% 10.61% 14.12% 0.00% 6.74%
EBITDA Growth
13.55% 98.97% -17.75% 36.85% 36.44% -36.78% 29.82% -7.88% 0.03% 0.00% 480.26%
EBIT Growth
16.72% 200.00% -20.20% 51.94% 49.93% -53.56% 41.00% -8.38% -1.29% 0.00% 246.70%
NOPAT Growth
34.72% -90.08% -12.14% 28.83% 28.30% 1,661.47% 27.12% -4.64% 1.63% 0.00% 268.22%
Net Income Growth
29.91% -72.30% -20.16% 47.98% 54.56% 598.18% 43.33% -12.55% -19.33% 0.00% 177.04%
EPS Growth
27.27% -72.73% -18.75% 46.67% 57.14% 587.50% 33.33% -11.76% -22.22% 0.00% 175.00%
Operating Cash Flow Growth
7.05% -6.23% 18.24% -22.35% 16.31% 140.97% 4.83% 20.29% 73.22% -55.18% 18.96%
Free Cash Flow Firm Growth
59.27% -93.71% -265.57% -94.84% -38.37% 0.00% 110.70% 116.70% 0.00% 0.00% 39.75%
Invested Capital Growth
1.43% 0.91% 7.50% 3.18% 1.40% 2.69% -0.64% -1.61% -0.40% 0.00% 46.06%
Revenue Q/Q Growth
5.92% 4.37% 1.46% -2.20% 8.73% 1.31% 3.32% -5.62% 9.57% 6.94% 0.02%
EBITDA Q/Q Growth
51.28% 8.17% -18.92% -14.42% 165.09% -55.29% 34.90% -14.68% 22.83% -8.18% -4.28%
EBIT Q/Q Growth
65.12% 10.21% -22.94% -16.77% 324.38% -70.69% 46.73% -17.86% 31.45% -11.00% -4.65%
NOPAT Q/Q Growth
98.33% -3.92% -33.87% 6.90% -85.40% 751.38% -3.02% 6.46% 100.40% -38.56% -27.25%
Net Income Q/Q Growth
83.63% 17.48% -41.23% 2.47% -60.85% 238.67% 8.92% 7.02% 76.85% -30.48% -33.55%
EPS Q/Q Growth
86.67% 15.38% -40.91% 0.00% -60.00% 243.75% 6.67% 7.14% 75.00% -33.33% -29.41%
Operating Cash Flow Q/Q Growth
168.79% -5.19% 37.58% -69.47% 135.45% 19.54% -9.64% -54.26% 387.80% -48.00% 3.69%
Free Cash Flow Firm Q/Q Growth
137.20% 122.47% -2,506.98% -87.59% -90.64% 491.81% -25.05% 48.40% 0.00% 100.00% -17.03%
Invested Capital Q/Q Growth
-4.52% -0.65% 4.98% 1.86% -5.01% 5.84% 0.76% 0.11% -3.80% 2.40% -0.23%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
82.28% 80.59% 80.66% 80.87% 81.69% 78.18% 78.91% 77.62% 78.63% 78.27% 77.94%
EBITDA Margin
35.94% 25.16% 24.28% 30.38% 34.72% 14.24% 32.27% 24.71% 27.34% 24.39% 28.40%
Operating Margin
31.09% 17.56% 20.48% 24.27% 27.22% 12.16% 24.03% 17.96% 20.92% 14.20% 20.70%
EBIT Margin
31.21% 20.02% 18.96% 24.96% 29.33% 7.51% 25.97% 18.29% 21.02% 17.52% 21.05%
Profit (Net Income) Margin
24.65% 14.22% 12.63% 21.81% 20.82% 57.81% 17.29% 16.41% 14.47% 8.96% 13.79%
Tax Burden Percent
81.68% 77.38% 71.91% 93.13% 75.97% 1,267.00% 76.20% 108.71% 82.74% 65.70% 78.15%
Interest Burden Percent
96.71% 91.78% 92.65% 93.82% 93.42% 60.72% 87.38% 82.52% 83.21% 77.89% 83.83%
Effective Tax Rate
18.32% 22.76% 28.06% 6.89% 24.04% -1,166.56% 23.73% -8.71% 17.26% 33.36% 20.41%
Return on Invested Capital (ROIC)
15.69% 7.79% 8.42% 13.01% 11.70% 81.79% 9.94% 10.28% 8.95% 4.56% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
15.47% 7.96% 7.93% 12.83% 11.74% 62.93% 9.74% 9.72% 8.42% 4.47% 0.00%
Return on Net Nonoperating Assets (RNNOA)
18.70% 11.51% 13.19% 22.35% 21.82% 136.82% 25.96% 28.03% 26.14% 13.33% 0.00%
Return on Equity (ROE)
34.39% 19.30% 21.61% 35.36% 33.52% 218.61% 35.90% 38.31% 35.09% 17.89% 0.00%
Cash Return on Invested Capital (CROIC)
10.44% 9.36% 10.95% 15.64% 17.07% 15.09% 0.00% 0.00% 0.00% -25.43% 0.00%
Operating Return on Assets (OROA)
12.80% 8.06% 7.63% 9.99% 11.22% 2.85% 10.13% 6.81% 7.54% 6.61% 0.00%
Return on Assets (ROA)
10.11% 5.73% 5.08% 8.73% 7.97% 21.90% 6.75% 6.11% 5.19% 3.38% 0.00%
Return on Common Equity (ROCE)
34.38% 19.29% 21.59% 35.33% 33.49% 218.40% 35.88% 38.29% 35.07% 17.88% 0.00%
Return on Equity Simple (ROE_SIMPLE)
23.27% 0.00% 35.25% 38.11% 37.73% 0.00% 25.01% 24.40% 26.71% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
94 47 49 75 70 478 56 58 54 27 44
NOPAT Margin
25.39% 13.56% 14.73% 22.60% 20.67% 154.01% 18.33% 19.53% 17.31% 9.47% 16.47%
Net Nonoperating Expense Percent (NNEP)
0.22% -0.17% 0.49% 0.18% -0.03% 18.86% 0.20% 0.56% 0.54% 0.08% 0.50%
Return On Investment Capital (ROIC_SIMPLE)
4.02% 1.95% - - - 19.83% - - - 1.15% -
Cost of Revenue to Revenue
17.72% 19.41% 19.34% 19.13% 18.31% 21.82% 21.09% 22.38% 21.37% 21.73% 22.06%
SG&A Expenses to Revenue
12.75% 16.49% 15.32% 16.61% 13.76% 16.74% 13.92% 13.23% 14.89% 15.91% 14.08%
R&D to Revenue
19.55% 22.04% 20.91% 19.89% 20.24% 22.93% 21.35% 23.63% 21.56% 23.66% 23.79%
Operating Expenses to Revenue
51.20% 63.03% 60.18% 56.60% 54.48% 66.02% 54.88% 59.65% 57.71% 64.07% 57.24%
Earnings before Interest and Taxes (EBIT)
116 70 64 82 99 23 80 54 66 50 56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
133 88 81 100 117 44 99 73 86 70 76
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
10.86 13.56 14.86 15.05 16.56 17.40 21.30 24.63 20.24 18.44 16.83
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
8.60 10.43 11.68 11.52 12.33 12.51 12.22 13.58 10.91 9.61 0.00
Price to Earnings (P/E)
46.61 60.12 42.15 39.49 43.90 47.02 85.17 100.95 75.77 60.43 0.00
Dividend Yield
0.64% 0.51% 0.45% 0.45% 0.40% 0.39% 0.42% 0.30% 0.40% 0.41% 0.40%
Earnings Yield
2.15% 1.66% 2.37% 2.53% 2.28% 2.13% 1.17% 0.99% 1.32% 1.65% 0.00%
Enterprise Value to Invested Capital (EV/IC)
5.79 6.53 7.01 7.10 7.51 7.18 7.34 7.91 6.38 5.38 4.69
Enterprise Value to Revenue (EV/Rev)
9.44 11.41 12.71 12.52 13.36 13.70 13.49 14.91 12.30 11.17 0.00
Enterprise Value to EBITDA (EV/EBITDA)
32.47 39.89 48.65 44.60 50.12 55.63 49.51 56.94 44.91 39.37 0.00
Enterprise Value to EBIT (EV/EBIT)
39.45 49.00 62.22 56.56 65.27 75.35 64.94 76.60 60.33 52.69 0.00
Enterprise Value to NOPAT (EV/NOPAT)
49.18 63.90 40.00 38.40 40.98 40.99 83.71 95.23 74.97 65.90 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
29.09 35.47 37.89 37.65 37.56 40.38 44.43 47.99 40.14 44.74 32.82
Enterprise Value to Free Cash Flow (EV/FCFF)
55.88 70.06 66.40 46.07 44.33 48.22 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.13 1.33 1.37 1.36 1.54 1.73 2.30 2.54 2.73 3.11 3.42
Long-Term Debt to Equity
1.13 1.33 1.37 1.36 1.53 1.72 2.28 2.53 2.72 3.10 3.42
Financial Leverage
1.21 1.45 1.66 1.74 1.86 2.17 2.67 2.89 3.11 2.98 3.18
Leverage Ratio
3.33 3.49 3.78 3.94 4.23 4.45 5.09 5.49 5.92 5.93 6.11
Compound Leverage Factor
3.22 3.20 3.51 3.70 3.95 2.70 4.45 4.53 4.93 4.62 5.12
Debt to Total Capital
53.13% 57.14% 57.85% 57.55% 60.62% 63.36% 69.66% 71.77% 73.17% 75.64% 77.40%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.42% 0.41% 0.38% 0.33% 0.27% 0.21% 0.22%
Long-Term Debt to Total Capital
53.13% 57.14% 57.85% 57.55% 60.19% 62.94% 69.28% 71.44% 72.90% 75.43% 77.18%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.01% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.00%
Common Equity to Total Capital
46.87% 42.85% 42.13% 42.42% 39.35% 36.61% 30.31% 28.20% 26.80% 24.33% 22.60%
Debt to EBITDA
3.09 3.59 4.13 3.70 4.30 5.05 4.84 5.36 5.37 5.71 0.00
Net Debt to EBITDA
2.88 3.42 3.92 3.56 3.88 4.83 4.64 5.09 5.07 5.48 0.00
Long-Term Debt to EBITDA
3.09 3.59 4.13 3.70 4.27 5.02 4.82 5.33 5.35 5.70 0.00
Debt to NOPAT
4.68 5.75 3.40 3.18 3.52 3.72 8.19 8.96 8.97 9.56 0.00
Net Debt to NOPAT
4.36 5.48 3.23 3.06 3.17 3.56 7.84 8.51 8.47 9.18 0.00
Long-Term Debt to NOPAT
4.68 5.75 3.40 3.18 3.49 3.70 8.14 8.92 8.94 9.54 0.00
Altman Z-Score
3.44 3.89 4.18 4.20 4.11 3.99 3.82 3.92 3.05 2.60 0.00
Noncontrolling Interest Sharing Ratio
0.04% 0.04% 0.08% 0.09% 0.09% 0.10% 0.06% 0.06% 0.07% 0.07% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.49 0.54 0.52 0.49 0.57 0.55 0.55 0.55 0.60 0.66 0.57
Quick Ratio
0.43 0.46 0.43 0.41 0.50 0.48 0.44 0.46 0.52 0.57 0.49
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
62 26 -117 4.85 39 417 70 94 63 0.00 -659
Operating Cash Flow to CapEx
7,208.11% 1,471.64% 4,757.18% 2,025.44% 5,695.17% 1,428.03% 951.57% 1,156.49% 4,113.52% 649.28% 1,086.63%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.41 0.40 0.40 0.40 0.38 0.38 0.39 0.37 0.36 0.38 0.00
Accounts Receivable Turnover
4.80 4.45 5.28 4.96 4.54 4.23 5.49 5.14 4.53 4.21 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
38.57 0.00 0.00 0.00 34.97 0.00 0.00 0.00 34.97 0.00 0.00
Accounts Payable Turnover
10.88 14.91 9.06 8.40 9.96 16.00 12.05 9.48 10.39 14.97 0.00
Days Sales Outstanding (DSO)
76.12 82.01 69.17 73.55 80.42 86.26 66.48 71.02 80.62 86.73 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
33.53 24.48 40.31 43.46 36.64 22.82 30.28 38.50 35.15 24.38 0.00
Cash Conversion Cycle (CCC)
42.59 57.53 28.87 30.09 43.78 63.44 36.19 32.53 45.47 62.36 0.00
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
2,258 2,365 2,381 2,268 2,226 2,344 2,215 2,198 2,196 2,282 2,229
Invested Capital Turnover
0.62 0.57 0.57 0.58 0.57 0.53 0.54 0.53 0.52 0.48 0.00
Increase / (Decrease) in Invested Capital
32 21 166 70 31 62 -14 -36 -8.91 0.00 703
Enterprise Value (EV)
13,085 15,439 16,700 16,092 16,729 16,827 16,251 17,394 14,000 12,272 10,465
Market Capitalization
11,924 14,115 15,353 14,808 15,434 15,366 14,727 15,839 12,418 10,562 8,756
Book Value per Share
$3.62 $3.44 $3.42 $3.28 $2.97 $2.98 $2.34 $2.19 $2.11 $1.99 $1.80
Tangible Book Value per Share
($4.90) ($5.10) ($5.24) ($5.02) ($4.98) ($5.52) ($6.17) ($6.41) ($6.60) ($6.78) ($6.85)
Total Capital
2,342 2,429 2,453 2,319 2,368 2,412 2,282 2,281 2,289 2,354 2,302
Total Debt
1,244 1,388 1,419 1,335 1,435 1,528 1,590 1,637 1,675 1,781 1,782
Total Long-Term Debt
1,244 1,388 1,419 1,335 1,425 1,518 1,581 1,629 1,669 1,776 1,777
Net Debt
1,161 1,324 1,347 1,283 1,294 1,460 1,523 1,554 1,581 1,709 1,709
Capital Expenditures (CapEx)
3.04 5.55 1.81 3.09 3.60 6.10 7.65 6.97 4.28 5.56 6.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-544 -436 -451 -450 -496 -399 -365 -393 -375 -279 -311
Debt-free Net Working Capital (DFNWC)
-460 -372 -378 -399 -354 -331 -298 -310 -282 -207 -238
Net Working Capital (NWC)
-460 -372 -378 -399 -364 -341 -306 -318 -288 -212 -243
Net Nonoperating Expense (NNE)
2.74 -2.30 7.03 2.61 -0.48 299 3.17 9.26 8.94 1.44 7.21
Net Nonoperating Obligations (NNO)
1,161 1,324 1,347 1,283 1,294 1,460 1,523 1,554 1,581 1,709 1,709
Total Depreciation and Amortization (D&A)
18 18 18 18 18 21 19 19 20 20 20
Debt-free, Cash-free Net Working Capital to Revenue
-39.22% -32.24% -34.29% -35.04% -39.60% -32.50% -30.27% -33.69% -32.98% -25.40% 0.00%
Debt-free Net Working Capital to Revenue
-33.19% -27.51% -28.80% -31.05% -28.29% -26.93% -24.71% -26.60% -24.76% -18.88% 0.00%
Net Working Capital to Revenue
-33.19% -27.51% -28.80% -31.05% -29.09% -27.74% -25.44% -27.24% -25.31% -19.33% 0.00%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.29 $0.17 $0.13 $0.23 $0.22 $0.57 $0.17 $0.16 $0.15 $0.09 $0.12
Adjusted Weighted Average Basic Shares Outstanding
315.13M 314.89M 315.21M 314.98M 314.30M 312.36M 313.07M 311.91M 310.76M 309.23M 310.12M
Adjusted Diluted Earnings per Share
$0.28 $0.15 $0.13 $0.22 $0.22 $0.55 $0.16 $0.15 $0.14 $0.08 $0.12
Adjusted Weighted Average Diluted Shares Outstanding
333.44M 333.77M 333.79M 333.78M 333.62M 332.50M 332.83M 332.35M 331.25M 331.77M 325.17M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
303.38M 303.10M 302.25M 302.16M 300.00M 297.33M 295.92M 294.97M 293.37M 290.43M 288.39M
Normalized Net Operating Profit after Tax (NOPAT)
94 47 49 75 70 26 56 37 54 27 44
Normalized NOPAT Margin
25.39% 13.56% 14.73% 22.60% 20.67% 8.51% 18.33% 12.57% 17.31% 9.47% 16.47%
Pre Tax Income Margin
30.18% 18.37% 17.57% 23.42% 27.40% 4.56% 22.69% 15.09% 17.49% 13.64% 17.64%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
29.53% 30.76% 18.87% 17.44% 17.66% 17.98% 30.45% 29.67% 24.71% 19.74% 0.00%
Augmented Payout Ratio
60.60% 58.21% 31.44% 27.44% 21.93% 17.98% 30.45% 39.24% 24.71% 35.90% 0.00%

Frequently Asked Questions About Bentley Systems' Financials

When does Bentley Systems's financial year end?

According to the most recent income statement we have on file, Bentley Systems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bentley Systems' net income changed over the last 6 years?

Bentley Systems' net income appears to be on an upward trend, with a most recent value of $234.43 million in 2024, rising from $142.11 million in 2018. The previous period was $326.79 million in 2023. Check out Bentley Systems' forecast to explore projected trends and price targets.

What is Bentley Systems's operating income?
Bentley Systems's total operating income in 2024 was $302.15 million, based on the following breakdown:
  • Total Gross Profit: $1.10 billion
  • Total Operating Expenses: $793.18 million
How has Bentley Systems revenue changed over the last 6 years?

Over the last 6 years, Bentley Systems' total revenue changed from $691.71 million in 2018 to $1.35 billion in 2024, a change of 95.6%.

How much debt does Bentley Systems have?

Bentley Systems' total liabilities were at $2.36 billion at the end of 2024, a 3.2% decrease from 2023, and a 257.4% increase since 2019.

How much cash does Bentley Systems have?

In the past 5 years, Bentley Systems' cash and equivalents has ranged from $64.01 million in 2024 to $329.34 million in 2021, and is currently $64.01 million as of their latest financial filing in 2024.

How has Bentley Systems' book value per share changed over the last 6 years?

Over the last 6 years, Bentley Systems' book value per share changed from 0.00 in 2018 to 3.44 in 2024, a change of 344.4%.



This page (NASDAQ:BSY) was last updated on 5/28/2025 by MarketBeat.com Staff
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