Last 28 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Bentley Systems, Incorporated's quarterly P/E stands at 29.3x, down 16.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 20.7% YoY to 21.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 33.96 | 29.27 | 53.01 | 75.71 | 61.33 | 35.13 | 72.97 | 97.71 | 56.09 | 59.34 | 24.16 | 78.38 | 90.38 |
| — | -16.7% | -27.4% | -22.5% | +9.3% | -40.8% | +202.1% | +24.7% | -37.9% | -22.7% | -79.2% | +12.7% | +84.6% | |
| P/S Ratio | 5.62 | 6.66 | 8.12 | 11.42 | 12.33 | 8.85 | 11.14 | 12.65 | 12.47 | 12.90 | 14.00 | 13.61 | 15.18 |
| — | -24.7% | -27.2% | -9.7% | -1.1% | -31.4% | -20.4% | -7.1% | -17.9% | +13.9% | +34.2% | +46.9% | +47.3% | |
| P/B Ratio | 8.08 | 9.22 | 10.69 | 14.35 | 15.46 | 11.95 | 14.98 | 16.40 | 16.73 | 18.68 | 19.68 | 24.12 | 28.00 |
| — | -22.8% | -28.6% | -12.5% | -7.6% | -36.0% | -23.9% | -32.0% | -40.2% | -19.4% | -5.7% | +26.1% | +25.8% | |
| P/FCF | 16.22 | 15.04 | 23.34 | 38.75 | 78.79 | 15.16 | 51.23 | 50.30 | 69.23 | 21.63 | 53.73 | 64.04 | 61.20 |
| — | -0.8% | -54.4% | -23.0% | +13.8% | -29.9% | -4.6% | -21.5% | +13.1% | +4.5% | -45.1% | +62.4% | +42.9% | |
| EV / EBITDA | 22.40 | 21.71 | 27.83 | 44.25 | 47.80 | 27.36 | 54.61 | 54.18 | 46.27 | 43.29 | 83.12 | 50.08 | 69.53 |
| — | -20.7% | -49.0% | -18.3% | +3.3% | -36.8% | -34.3% | +8.2% | -33.5% | -10.2% | +42.1% | +25.8% | +60.7% | |
| EV / EBIT | 26.47 | 24.51 | 35.59 | 53.60 | 58.92 | 30.79 | 55.63 | 73.77 | 54.64 | 46.96 | 167.83 | 58.29 | 90.59 |
| — | -20.4% | -36.0% | -27.3% | +7.8% | -34.4% | -66.9% | +26.5% | -39.7% | -21.5% | +148.9% | +9.1% | +67.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bentley Systems, Incorporated's operating margin was 29.8% in Q1 2026, up 9.7 pp QoQ and down 1.3 pp YoY. The trailing four-quarter average of 23.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.5% | 82.6% | 81.9% | 80.8% | 81.1% | 82.3% | 80.6% | 80.7% | 80.9% | 81.7% | 78.2% | 78.9% | 77.6% |
| — | +0.4% | +1.6% | +0.1% | +0.3% | +0.7% | +3.1% | +2.2% | +4.2% | +3.9% | -0.1% | +1.2% | -0.2% | |
| Operating Margin | 24.1% | 29.8% | 20.0% | 22.5% | 23.2% | 31.1% | 17.6% | 20.5% | 24.3% | 27.2% | 12.2% | 24.0% | 18.0% |
| — | -4.2% | +14.2% | +9.9% | -4.5% | +14.2% | +44.4% | -14.8% | +35.1% | +30.1% | -14.4% | +16.1% | -13.5% | |
| Net Margin | 18.5% | 22.5% | 15.0% | 15.3% | 19.4% | 24.7% | 14.3% | 12.6% | 21.8% | 20.8% | 57.8% | 17.3% | 16.4% |
| — | -8.8% | +4.6% | +20.9% | -11.2% | +18.5% | -75.2% | -27.0% | +32.9% | +43.9% | +544.9% | +25.4% | -20.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.9% | 7.9% | 4.9% | 4.9% | 6.2% | 8.5% | 4.8% | 4.2% | 7.5% | 7.7% | 22.8% | 7.9% | 7.7% |
| — | -7.6% | +1.9% | +16.0% | -17.0% | +10.4% | -78.8% | -47.2% | -2.9% | +1.0% | +384.4% | +9.1% | -33.6% | |
| ROA | 8.0% | 2.7% | 1.7% | 1.7% | 2.1% | 2.7% | 1.5% | 1.3% | 2.2% | 2.1% | 5.6% | 1.7% | 1.5% |
| — | +0.3% | +13.3% | +30.9% | -5.3% | +27.5% | -73.5% | -24.4% | +42.2% | +47.1% | +571.3% | +39.7% | -13.8% | |
| ROIC | 11.4% | 4.1% | 2.5% | 2.7% | 2.7% | 3.7% | 1.9% | 2.2% | 2.6% | 3.0% | 1.2% | 2.5% | 1.8% |
| — | +11.1% | +32.2% | +24.7% | +3.5% | +24.0% | +56.5% | -11.3% | +47.3% | +37.0% | -8.2% | +34.2% | -3.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Bentley Systems, Incorporated's Debt/EBITDA ratio is 8.2x, down from 10.3x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | 0.95 | 1.08 | 1.07 | 1.10 | 1.17 | 1.37 | 1.41 | 1.39 | 1.58 | 1.78 | 2.36 | 2.61 |
| — | -18.6% | -21.2% | -23.9% | -20.9% | -26.2% | -22.9% | -40.2% | -46.6% | -43.4% | -44.1% | -32.8% | -30.9% | |
| Debt / EBITDA | 3.00 | 8.19 | 10.31 | 12.43 | 12.80 | 9.80 | 18.38 | 17.23 | 14.28 | 13.62 | 27.63 | 17.91 | 23.84 |
| — | -16.5% | -43.9% | -27.9% | -10.3% | -28.1% | -33.5% | -3.8% | -40.1% | -34.7% | -11.1% | -27.9% | -5.8% | |
| Current Ratio | 0.56 | 0.51 | 0.56 | 0.61 | 0.51 | 0.49 | 0.54 | 0.52 | 0.49 | 0.57 | 0.55 | 0.55 | 0.55 |
| — | +4.5% | +3.4% | +18.6% | +4.1% | -12.9% | -1.6% | -6.1% | -10.8% | -5.7% | -16.6% | -4.1% | -8.2% | |
| Quick Ratio | 0.56 | 0.51 | 0.56 | 0.61 | 0.51 | 0.49 | 0.54 | 0.52 | 0.49 | 0.57 | 0.55 | 0.55 | 0.55 |
| — | +4.5% | +3.4% | +18.6% | +4.1% | -12.9% | -1.6% | -6.1% | -10.8% | -5.7% | -16.6% | -4.1% | -8.2% | |
| Interest Coverage | 29.21 | 16.69 | 4.55 | 50.79 | 21.08 | 26.37 | 11.97 | 12.18 | 13.57 | 13.67 | 2.97 | 7.42 | 5.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying BSY stock.
Bentley Systems, Incorporated's current P/E is 34.0x. The average P/E over the last 4 quarters is 54.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bentley Systems, Incorporated's current operating margin is 24.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bentley Systems, Incorporated's business trajectory between earnings reports.