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Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation, project management, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. Bentley’s largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
1987
5.2K+
LTM Revenue $1.4B
LTM EBITDA $483M
$15.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Bentley Systems has a last 12-month revenue of $1.4B and a last 12-month EBITDA of $483M.
In the most recent fiscal year, Bentley Systems achieved revenue of $1.2B and an EBITDA of $297M.
Bentley Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bentley Systems valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.4B | $1.4B | XXX |
| Gross Profit | $749M | $862M | $962M | XXX | XXX |
| Gross Margin | 68% | 70% | 71% | XXX | XXX |
| EBITDA | $305M | $297M | $472M | $483M | XXX |
| EBITDA Margin | 28% | 24% | 35% | 35% | XXX |
| Net Profit | $93.2M | $175M | $327M | XXX | XXX |
| Net Margin | 8% | 14% | 24% | XXX | XXX |
| Net Debt | $1.1B | $1.7B | $1.5B | XXX | XXX |
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As of February 21, 2025, Bentley Systems's stock price is $46.
Bentley Systems has current market cap of $13.8B, and EV of $15.2B.
See Bentley Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15.2B | $13.8B | XXX | XXX | XXX | XXX | $1.08 |
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Sign UpAs of February 21, 2025, Bentley Systems has market cap of $13.8B and EV of $15.2B.
Bentley Systems's trades at 11.0x LTM EV/Revenue multiple, and 31.4x LTM EBITDA.
Analysts estimate Bentley Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Bentley Systems and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $15.2B | XXX | XXX | XXX |
| EV/Revenue | 11.2x | XXX | XXX | XXX |
| EV/EBITDA | 32.1x | XXX | XXX | XXX |
| P/E | 60.5x | XXX | XXX | XXX |
| P/E/Growth | 2.2x | XXX | XXX | XXX |
| EV/FCF | 38.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBentley Systems's NTM/LTM revenue growth is 11%
Bentley Systems's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Bentley Systems's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Bentley Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Bentley Systems and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 59% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 45% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 18% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 60% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Aerometrex | XXX | XXX | XXX | XXX | XXX | XXX |
| Genesys International | XXX | XXX | XXX | XXX | XXX | XXX |
| HYBRID Software Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Mensch und Maschine | XXX | XXX | XXX | XXX | XXX | XXX |
| Nemetschek | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Bentley Systems acquired XXX companies to date.
Last acquisition by Bentley Systems was XXXXXXXX, XXXXX XXXXX XXXXXX . Bentley Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Bentley Systems founded? | Bentley Systems was founded in 1987. |
| Where is Bentley Systems headquartered? | Bentley Systems is headquartered in United States of America. |
| How many employees does Bentley Systems have? | As of today, Bentley Systems has 5.2K+ employees. |
| Who is the CEO of Bentley Systems? | Bentley Systems's CEO is Mr. Nicholas H. Cumins. |
| Is Bentley Systems publicy listed? | Yes, Bentley Systems is a public company listed on NAS. |
| What is the stock symbol of Bentley Systems? | Bentley Systems trades under BSY ticker. |
| When did Bentley Systems go public? | Bentley Systems went public in 2020. |
| Who are competitors of Bentley Systems? | Similar companies to Bentley Systems include e.g. Aerometrex, Genesys International, HYBRID Software Group, Mensch und Maschine. |
| What is the current market cap of Bentley Systems? | Bentley Systems's current market cap is $13.8B |
| What is the current revenue of Bentley Systems? | Bentley Systems's last 12-month revenue is $1.4B. |
| What is the current EBITDA of Bentley Systems? | Bentley Systems's last 12-month EBITDA is $483M. |
| What is the current EV/Revenue multiple of Bentley Systems? | Current revenue multiple of Bentley Systems is 11.0x. |
| What is the current EV/EBITDA multiple of Bentley Systems? | Current EBITDA multiple of Bentley Systems is 31.4x. |
| What is the current revenue growth of Bentley Systems? | Bentley Systems revenue growth between 2023 and 2024 was 10%. |
| Is Bentley Systems profitable? | Yes, Bentley Systems is EBITDA-positive (as of the last 12 months). |
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