Bentley Systems (BSY) Ratios
Bentley Systems Ratios
MX:BSY's free cash flow for Q2 2026 was $63.80M. For the 2026 fiscal year, MX:BSY's free cash flow was decreased by $-7.71M and operating cash flow was $71.51M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.56 | 0.54 | 0.55 | 0.66 | 1.04 |
| Quick Ratio | 0.56 | 0.54 | 0.55 | 0.66 | 1.04 |
| Cash Ratio | 0.13 | 0.08 | 0.09 | 0.11 | 0.55 |
| Solvency Ratio | 0.15 | 0.13 | 0.16 | 0.10 | 0.06 |
| Operating Cash Flow Ratio | 0.56 | 0.53 | 0.55 | 0.44 | 0.48 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 41.67 | 54.86 | 57.60 |
| Net Current Asset Value | $ -1.83B | $ -1.92B | $ -2.02B | $ -2.18B | $ -1.63B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.36 | 0.42 | 0.47 | 0.58 | 0.56 |
| Debt-to-Equity Ratio | 1.08 | 1.37 | 1.78 | 3.18 | 3.64 |
| Debt-to-Capital Ratio | 0.52 | 0.58 | 0.64 | 0.76 | 0.78 |
| Long-Term Debt-to-Capital Ratio | 0.51 | 0.57 | 0.63 | 0.76 | 0.78 |
| Financial Leverage Ratio | 2.99 | 3.27 | 3.76 | 5.53 | 6.50 |
| Debt Service Coverage Ratio | 23.24 | 13.07 | 8.41 | 7.08 | 9.43 |
| Interest Coverage Ratio | 23.67 | 12.20 | 5.58 | 5.95 | 8.21 |
| Debt to Market Cap | 0.10 | 0.09 | 0.09 | 0.16 | 0.10 |
| Interest Debt Per Share | 4.13 | 4.61 | 5.16 | 6.01 | 4.91 |
| Net Debt to EBITDA | 2.71 | 3.56 | 5.21 | 5.74 | 7.61 |
| Profitability Margins | |||||
| Gross Profit Margin | 81.52% | 80.95% | 74.10% | 78.44% | 77.56% |
| EBIT Margin | 24.18% | 23.49% | 18.30% | 21.23% | 11.13% |
| EBITDA Margin | 28.57% | 28.26% | 23.48% | 27.74% | 15.79% |
| Operating Profit Margin | 24.15% | 22.33% | 18.77% | 18.98% | 9.80% |
| Pretax Profit Margin | 23.35% | 21.67% | 14.94% | 17.84% | 9.67% |
| Net Profit Margin | 18.50% | 17.35% | 26.60% | 15.90% | 9.66% |
| Continuous Operations Profit Margin | 18.50% | 17.33% | 26.60% | 15.90% | 10.03% |
| Net Income Per EBT | 79.22% | 80.09% | 178.06% | 89.14% | 99.85% |
| EBT Per EBIT | 96.72% | 97.02% | 79.61% | 93.98% | 98.67% |
| Return on Assets (ROA) | 7.82% | 6.91% | 9.84% | 5.52% | 3.50% |
| Return on Equity (ROE) | 23.36% | 22.55% | 37.00% | 30.52% | 22.77% |
| Return on Capital Employed (ROCE) | 13.97% | 11.69% | 9.01% | 8.22% | 4.58% |
| Return on Invested Capital (ROIC) | 11.01% | 9.30% | 8.93% | 7.27% | 4.53% |
| Return on Tangible Assets | 31.58% | 28.68% | 40.76% | 27.50% | 11.30% |
| Earnings Yield | 2.31% | 1.60% | 2.00% | 1.53% | 0.63% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.38 | 4.30 | 4.18 | 3.83 | 4.10 |
| Payables Turnover | 10.30 | 15.64 | 17.58 | 15.62 | 13.14 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 22.36 | 20.47 | 15.63 | 15.16 | 11.68 |
| Asset Turnover | 0.42 | 0.40 | 0.37 | 0.35 | 0.36 |
| Working Capital Turnover Ratio | -3.79 | -3.80 | -4.44 | -11.54 | -18.68 |
| Cash Conversion Cycle | 47.84 | 61.49 | 66.46 | 71.96 | 61.20 |
| Days of Sales Outstanding | 83.29 | 84.83 | 87.22 | 95.34 | 88.98 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 35.45 | 23.33 | 20.76 | 23.37 | 27.78 |
| Operating Cycle | 83.29 | 84.83 | 87.22 | 95.34 | 88.98 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.71 | 1.38 | 1.33 | 0.89 | 0.94 |
| Free Cash Flow Per Share | 1.65 | 1.34 | 1.25 | 0.83 | 0.88 |
| Dividend Paid and CapEx Coverage Ratio | 5.22 | 5.05 | 4.97 | 5.17 | 5.65 |
| Capital Expenditure Coverage Ratio | 29.50 | 30.99 | 16.67 | 14.79 | 16.42 |
| Operating Cash Flow Coverage Ratio | 0.42 | 0.31 | 0.27 | 0.15 | 0.19 |
| Operating Cash Flow to Sales Ratio | 0.36 | 0.32 | 0.34 | 0.25 | 0.30 |
| Free Cash Flow Yield | 4.33% | 2.86% | 2.40% | 2.24% | 1.83% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 43.38 | 62.63 | 49.88 | 65.39 | 158.54 |
| Price-to-Sales (P/S) Ratio | 8.00 | 10.87 | 13.27 | 10.40 | 15.31 |
| Price-to-Book (P/B) Ratio | 10.10 | 14.13 | 18.45 | 19.95 | 36.11 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 23.09 | 34.91 | 41.61 | 44.68 | 54.62 |
| Price-to-Operating Cash Flow Ratio | 22.31 | 33.78 | 39.11 | 41.66 | 51.30 |
| Price-to-Earnings Growth (PEG) Ratio | 2.50 | -2.09 | 0.57 | 0.73 | -4.98 |
| Enterprise Value Multiple | 30.70 | 42.01 | 61.71 | 43.23 | 104.60 |
| Enterprise Value | 13.17B | 16.07B | 17.80B | 13.18B | 15.93B |
| EV to EBITDA | 30.70 | 42.01 | 61.71 | 43.23 | 104.60 |
| EV to Sales | 8.77 | 11.87 | 14.49 | 11.99 | 16.51 |
| EV to Free Cash Flow | 25.32 | 38.14 | 45.45 | 51.53 | 58.91 |
| EV to Operating Cash Flow | 24.46 | 36.91 | 42.72 | 48.05 | 55.32 |
| Tangible Book Value Per Share | -4.72 | -4.89 | -5.23 | -6.33 | -4.66 |
| Shareholders’ Equity Per Share | 3.78 | 3.31 | 2.83 | 1.85 | 1.34 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.21 | 0.20 | -0.78 | 0.11 | -0.04 |
| Revenue Per Share | 4.77 | 4.30 | 3.93 | 3.55 | 3.16 |
| Net Income Per Share | 0.88 | 0.75 | 1.05 | 0.57 | 0.30 |
| Tax Burden | 0.79 | 0.80 | 1.78 | 0.89 | 1.00 |
| Interest Burden | 0.97 | 0.92 | 0.82 | 0.84 | 0.87 |
| Research & Development to Revenue | 0.20 | 0.21 | 0.22 | 0.23 | 0.23 |
| SG&A to Revenue | 0.34 | 0.35 | 0.16 | 0.14 | 0.25 |
| Stock-Based Compensation to Revenue | 0.05 | 0.05 | 0.06 | 0.07 | 0.05 |
| Income Quality | 1.94 | 1.86 | 1.28 | 1.57 | 3.09 |
Currency in USD