Bentley Systems Incorporated Class B Common Stock (BSY)

FairStock Score: 50/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses, honest accounting, and a price that leaves room for error. Bentley sells infrastructure engineering software—a specialized market tied to roads, bridges, water, and power. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $410.7 million, net income $78.6 million, and diluted EPS $0.25. That compares with fiscal Q2 2025 revenue of $364.1 million, net income $70.5 million, and EPS $0.22, so revenue grew about 12.8% and profits about 11.5%. Full-year fiscal 2025 showed revenue of $1.5 billion, net income of $277.9 million, and EPS of $0.85, up from fiscal 2024 revenue of $1.4 billion, net income of $234.8 million, and EPS of $0.72. FairStock's Lynch category calls it a stalwart, with 17.0% annual profit growth and 13.4% revenue growth over five years.

In plain English: Bentley Systems makes software used to design and manage roads, bridges, water systems, and other infrastructure. The business is profitable and growing at a steady low-double-digit pace, and it earns a high profit relative to shareholders' money, but it also carries meaningful debt and generates only modest cash relative to its market value. At $35.06, the shares look expensive compared with the company's earnings and accounting value, so the price already reflects a lot of future growth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer