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Bentley Systems, Incorporated

NASDAQ•BSY
CEO: Mr. Gregory S. Bentley
板块: Technology
行业: Software - Application
上市日期: 2020-09-23
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS. It also provides infrastructure cloud applications, such as ProjectWise, SYNCHRO, and AssetWise, as well as iTwin platform that enables users to create and curate cloud native 4D/5D digital representations of physical infrastructure assets consisting of iTwin Capture, iTwin Experience, and iTwin IoT platforms. The company serves civil, structural, geotechnical, subsurface, process engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.
联系方式
685 Stockton Drive, Exton, PA, 19341, United States
610-458-5000
www.bentley.com
市值
$11.54B
市盈率 (TTM)
44.7
62.2
股息率
0.7%
52周最高
$59.25
52周最低
$30.97
52周范围
30%
排名32Top 23.6%
4.9
F-Score
改良版 Piotroski 分析
基于 7 年期基本面
一般 • 4.9 / 9 分
评分区间 (0-9)
8-9: 价值优异
6-7: 基本面强劲
4-5: 整体稳健
0-3: 表现疲弱
数据范围: 2019-2025

财务仪表盘

Q4 2025 数据

营业收入

$391.58M+0.00%
近4季度走势

每股收益

$0.18+0.00%
近4季度走势

自由现金流

$136.17M+0.00%
近4季度走势

2025 Annual 财报亮点

核心亮点

Total Revenue Growth Strong Total revenues reached $1.50B USD in 2025, marking 11.0% growth over prior year results.
Subscription Revenue Accelerates Subscription revenues grew 12.5% to $1.377B USD in 2025, showing strong recurring revenue momentum.
ARR Growth Solid Ending ARR reached $1.462B USD as of December 31, 2025, supported by 11.5% constant currency growth rate.
Operating Cash Flow Increases Cash flow from operating activities was $538.46M USD in 2025, up significantly from $435.29M USD last year.

关注风险

Infrastructure Project Demand Volatility Software demand relies on infrastructure projects; spending cuts or delays in key sectors could decrease renewal rates.
Foreign Revenue Exposure High 59% of 2025 revenues derived internationally, exposing results to adverse legal, political, and regulatory risks abroad.
Currency Fluctuations Impact Results 33% of 2025 revenues denominated in non-USD currencies; strengthening USD could negatively affect operating income.
Subscription Renewal Uncertainty Accounts are not obligated to renew subscriptions, creating potential negative impact on future revenues and results.

前瞻展望

Focus on Enterprise Account Accretion Primary growth initiative targets expanding E365 subscription reach within virtually all existing enterprise accounts.
Expanding Asset Analytics Monetization Third growth initiative involves expanding Asset Analytics through cloud subscriptions charged incrementally per asset.
AI and Digital Twin Integration Developing new generation of AI-powered, digital-twin native applications leveraging Cesium and iTwin Platform capabilities.
Debt Repayment Strategy Used $180M in repatriated cash during 2025 to pay down credit facility borrowings to manage debt structure.

同行对比

营业收入 (TTM)

KSPI stock ticker logoKSPI
$7.03B
+53.3%
QXO stock ticker logoQXO
$6.84B
+11938.9%
ZBRA stock ticker logoZBRA
$5.40B
+8.3%

毛利率 (最新季度)

BSY stock ticker logoBSY
81.9%
+0.1pp
FFIV stock ticker logoFFIV
81.5%
-0.1pp
DT stock ticker logoDT
81.4%
+0.4pp

关键指标

股票代码
市值
市盈率 (TTM)
净资产收益率 (TTM)
负债率
QXO$16.20B-0.5-3.2%28.2%
FFIV$16.11B23.220.3%8.0%
KSPI$14.24B6.459.0%4.2%

长期趋势

近4季度
营业收入
净利润
经营现金流
4季度营收复合增长率
1.9%
温和增长
4季度净利润复合增长率
-13.7%
盈利能力下滑
现金流稳定性
100%
现金流表现优异

深度研究

下次财报:2026年5月5日
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