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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
5.5K+
LTM Revenue $1.4B
LTM EBITDA $490M
$15.7B
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 (LTM) of $1.4B and a last 12-month EBITDA of $490M.
In the most recent fiscal year, Bentley Systems achieved revenue of $1.4B and an EBITDA of $382M.
Bentley Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Bentley Systems valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | XXX | $1.4B | XXX | XXX | XXX |
| Gross Profit | $1.2B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 81% | XXX | XXX | XXX |
| EBITDA | $490M | XXX | $382M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 28% | XXX | XXX | XXX |
| EBIT | $439M | XXX | $302M | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $259M | XXX | $235M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.3B | XXX | XXX | XXX |
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As of May 30, 2025, Bentley Systems's stock price is $48.
Bentley Systems has current market cap of $14.5B, and EV of $15.7B.
See Bentley Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15.7B | $14.5B | XXX | XXX | XXX | XXX | $1.11 |
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Start Free TrialAs of May 30, 2025, Bentley Systems has market cap of $14.5B and EV of $15.7B.
Bentley Systems's trades at 11.6x EV/Revenue multiple, and 41.0x EV/EBITDA.
Equity research analysts estimate Bentley Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Bentley Systems has a P/E ratio of 55.9x.
See valuation multiples for Bentley Systems and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14.5B | XXX | $14.5B | XXX | XXX | XXX |
| EV (current) | $15.7B | XXX | $15.7B | XXX | XXX | XXX |
| EV/Revenue | 11.1x | XXX | 11.6x | XXX | XXX | XXX |
| EV/EBITDA | 32.0x | XXX | 41.0x | XXX | XXX | XXX |
| EV/EBIT | 35.7x | XXX | 51.9x | XXX | XXX | XXX |
| EV/Gross Profit | 13.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 55.9x | XXX | 61.7x | XXX | XXX | XXX |
| EV/FCF | 36.4x | XXX | 37.2x | 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.
Start Free TrialBentley Systems's last 12 month revenue growth is 10%
Bentley Systems's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Bentley Systems's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Bentley Systems's rule of X is 60% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Bentley Systems and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 33% | XXX | XXX | XXX |
| Rule of 40 | 34% | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 19% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 59% | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 5.5K+ 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 $14.5B |
| What is the current revenue of Bentley Systems? | Bentley Systems's last 12 months revenue is $1.4B. |
| What is the current revenue growth of Bentley Systems? | Bentley Systems revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Bentley Systems? | Current revenue multiple of Bentley Systems is 11.1x. |
| Is Bentley Systems profitable? | Yes, Bentley Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Bentley Systems? | Bentley Systems's last 12 months EBITDA is $490M. |
| What is Bentley Systems's EBITDA margin? | Bentley Systems's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Bentley Systems? | Current EBITDA multiple of Bentley Systems is 32.0x. |
| What is the current FCF of Bentley Systems? | Bentley Systems's last 12 months FCF is $430M. |
| What is Bentley Systems's FCF margin? | Bentley Systems's last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of Bentley Systems? | Current FCF multiple of Bentley Systems is 36.4x. |
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