Read from its own SEC filings · nothing written, nothing inferred

Bentley Systems $BSY

🫧 Edgar looked up BENTLEY SYSTEMS, INCORPORATED ($BSY). Last filing: 8-K (8.01 Other Events), 2026-09-11. 9 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $1.5B (FY2025), total debt $1.2B. Experience: revenue up 11.0% on the year, up 11.7% a year over 4 years; operating margin 24.1%, up from 22.3%. Soundness: equity 33.5% of assets, return on equity 23.4%, payout 30.6% of profit, dividend per share up 3 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.3B and $2.0B next year (method v3, set from 4,599 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 24.1% against a 0.9% median; growth 11.0% against 13.0%.

BENTLEY SYSTEMS, INCORPORATED against its own record and its peers
Operating marginPeer median 0.9%24.1%Revenue, on the yearPeer median 13.0%11.0%Equity of assetsPeer median 50.0%33.5%Return on equityPeer median 2.3%23.4%Payout of profitPeer median 30.6%30.6%Gold tick: the median of 11–136 peers with $50M+ revenue in services-prepackaged software
Handed back now, or kept to compound
Of each dollar of profit30.6% paid out69.4% keptHanded back per share$0.28up 3 years runningGrowth its own profit can fund16.2%retained x return on equityRevenue growth it managed11.0%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

The figures, as filed

Fiscal year end2025-12-31
Revenue$1.5B
Revenue, on the year11.0%
Revenue, a year over the record11.7%
Operating margin24.1%
Operating margin, prior year22.3%
Net margin18.5%
Research and development$308M · 20.5% of revenue
Free cash flow$520M
Cash$123M
Total debt$1.2B
Equity of assets33.5%
Return on equity23.4%
Payout of profit30.6%
Dividend per share$0.28 · up 3 years running
Audited years read5

Peers: the median of 140 filers with $50M+ revenue in services-prepackaged software.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets, no buy or sell views. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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