Bentley Systems (BSY)
Market Price (4/23/2026): $33.63 | Market Cap: $10.6 BilSector: Information Technology | Industry: Application Software
Bentley Systems (BSY)
Market Price (4/23/2026): $33.63Market Cap: $10.6 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Water Infrastructure, Smart Buildings & Proptech, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. | Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -88% | Key risksBSY key risks include [1] significant margin compression, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Smart Buildings & Proptech, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -71%, 3Y Excs Rtn is -88% |
| Key risksBSY key risks include [1] significant margin compression, Show more. |
Qualitative Assessment
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1. Significant Downward Revisions to Analyst Price Targets and Ratings.
Multiple Wall Street analysts reduced their price targets for Bentley Systems, with some also downgrading their ratings on the stock during the period. For example, Piper Sandler downgraded BSY to a "Neutral" rating and lowered its price target from $45.00 to $42.00 in March 2026, following a previous reduction from $60.00 to $45.00 in January 2026. Similarly, UBS lowered its price target from $60.00 to $40.00 in February 2026. This widespread re-evaluation by the investment community contributed to negative sentiment and downward pressure on the stock price.
2. Deceleration in Key Growth Metrics Despite Q4 2025 Earnings Beat.
While Bentley Systems reported an earnings beat for Q4 2025, with earnings per share of $0.27 meeting or exceeding estimates and revenue of $391.6 million beating expectations by approximately $6 million, some underlying growth metrics showed slight deceleration. The company's last twelve-month recurring revenues dollar-based net retention rate was 109%, a slight decrease from 110% in the prior year, and the constant currency Annualized Recurring Revenues (ARR) growth rate was 11.5%. This minor slowdown in key performance indicators may have led to investor caution regarding future growth prospects.
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Stock Movement Drivers
Fundamental Drivers
The -7.6% change in BSY stock from 12/31/2025 to 4/22/2026 was primarily driven by a -10.5% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.10 | 35.22 | -7.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,460 | 1,502 | 2.9% |
| Net Income Margin (%) | 18.4% | 18.5% | 0.3% |
| P/E Multiple | 44.5 | 39.8 | -10.5% |
| Shares Outstanding (Mil) | 315 | 314 | 0.1% |
| Cumulative Contribution | -7.6% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| BSY | -7.6% | |
| Market (SPY) | -5.4% | 11.6% |
| Sector (XLK) | 9.8% | 20.9% |
Fundamental Drivers
The -31.4% change in BSY stock from 9/30/2025 to 4/22/2026 was primarily driven by a -37.2% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 51.31 | 35.22 | -31.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,420 | 1,502 | 5.8% |
| Net Income Margin (%) | 17.9% | 18.5% | 3.3% |
| P/E Multiple | 63.5 | 39.8 | -37.2% |
| Shares Outstanding (Mil) | 315 | 314 | 0.1% |
| Cumulative Contribution | -31.4% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| BSY | -31.4% | |
| Market (SPY) | -2.9% | 22.7% |
| Sector (XLK) | 12.3% | 26.7% |
Fundamental Drivers
The -9.9% change in BSY stock from 3/31/2025 to 4/22/2026 was primarily driven by a -24.1% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.10 | 35.22 | -9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,353 | 1,502 | 11.0% |
| Net Income Margin (%) | 17.4% | 18.5% | 6.6% |
| P/E Multiple | 52.5 | 39.8 | -24.1% |
| Shares Outstanding (Mil) | 315 | 314 | 0.3% |
| Cumulative Contribution | -9.9% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| BSY | -9.9% | |
| Market (SPY) | 16.3% | 39.7% |
| Sector (XLK) | 53.8% | 38.8% |
Fundamental Drivers
The -16.8% change in BSY stock from 3/31/2023 to 4/22/2026 was primarily driven by a -46.9% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.32 | 35.22 | -16.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,099 | 1,502 | 36.6% |
| Net Income Margin (%) | 15.9% | 18.5% | 16.3% |
| P/E Multiple | 75.1 | 39.8 | -46.9% |
| Shares Outstanding (Mil) | 310 | 314 | -1.4% |
| Cumulative Contribution | -16.8% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| BSY | -16.8% | |
| Market (SPY) | 63.3% | 45.8% |
| Sector (XLK) | 113.5% | 45.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BSY Return | 20% | -23% | 42% | -10% | -18% | -8% | -12% |
| Peers Return | 4% | -29% | 32% | 17% | 1% | -18% | -6% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| BSY Win Rate | 58% | 33% | 67% | 42% | 33% | 25% | |
| Peers Win Rate | 53% | 33% | 58% | 65% | 52% | 25% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BSY Max Drawdown | -3% | -43% | -6% | -14% | -18% | -18% | |
| Peers Max Drawdown | -11% | -39% | -8% | -14% | -23% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, TRMB, PCOR, PTC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | BSY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -61.1% | -25.4% |
| % Gain to Breakeven | 156.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to ADSK, TRMB, PCOR, PTC
In The Past
Bentley Systems's stock fell -61.1% during the 2022 Inflation Shock from a high on 9/15/2021. A -61.1% loss requires a 156.7% gain to breakeven.
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About Bentley Systems (BSY)
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Bentley Systems is like the **Autodesk for infrastructure**, providing essential software tools for the design, construction, and operation of everything from roads and bridges to utilities and buildings.
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- Open Modeling and Open Simulation Applications: Software for integrated infrastructure design, encompassing general CAD (e.g., MicroStation) and specialized tools for roads, rail, plants, buildings, bridges, and structural analysis.
- Geoprofessional Applications: Software designed for modeling and simulating near and deep subsurface conditions, utilized by geotechnical and geoscience professionals (e.g., Leapfrog, PLAXIS).
- Project Delivery Systems: Platforms that support collaboration, work-sharing, and 4D construction modeling for the efficient delivery of infrastructure projects (e.g., ProjectWise, SYNCHRO).
- Asset and Network Performance Systems: Solutions for managing, optimizing, and ensuring the reliability and interoperability of infrastructure assets and networks throughout their lifecycle (e.g., AssetWise, Seequent Central).
- Industry Solutions: Specialized applications tailored for specific infrastructure sectors such as reality modeling (ContextCapture), city planning (OpenCities), utilities (OpenUtilities), and tower analysis (OpenTower).
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Major Customers of Bentley Systems (BSY)
Bentley Systems primarily sells its infrastructure engineering software solutions to other companies and organizations, rather than individual consumers. While specific customer company names are not provided in the background information, their major customers can be categorized as follows:
- Engineering and Design Firms: This category includes civil, structural, geotechnical, geoscience, and architectural firms responsible for the design, modeling, and simulation of various infrastructure projects, such as roads, bridges, buildings, plants, and utilities.
- Construction Companies and Contractors: Firms involved in the construction, fabrication, and project delivery of infrastructure assets, utilizing Bentley's software for collaboration, work-sharing, and 4D construction modeling.
- Infrastructure Owners and Operators: This category encompasses public and private entities such as government agencies (e.g., municipal, regional planning departments), utility companies (e.g., water, power, transportation authorities), and other organizations that own, operate, and maintain critical infrastructure assets over their lifecycle.
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Nicholas Cumins, Chief Executive Officer
Nicholas Cumins assumed the role of CEO of Bentley Systems on July 1, 2024, becoming the first non-Bentley family member to lead the company in its 40-year history. Prior to this, he served as Chief Operating Officer from January 2022 and as Chief Product Officer after joining Bentley Systems in September 2020 before the company's IPO. His career includes leadership positions at established and startup companies for 25 years, including General Manager of SAP Marketing Cloud, Chief Product Officer of Scytl (an online voting platform), and Senior Vice President of Product with OpenX (a pioneer in programmatic advertising). He also held various senior roles at SAP in product management, corporate strategy, and business development.
Werner Andre, Chief Financial Officer
Werner Andre has served as Bentley Systems' Chief Financial Officer since January 1, 2022, overseeing all financial aspects including worldwide accounting, financial planning and analysis, tax, and treasury. He joined Bentley in 2015 as Global Corporate Controller and was instrumental in the company's initial public offering process, scaling its financial reporting and controllership functions. Before joining Bentley, Andre was Assistant Corporate Controller – International Accounting and Reporting for Rockwood Holdings, Inc., and held several positions with PricewaterhouseCoopers from 1995 to 2010.
Greg Bentley, Executive Chair
Greg Bentley joined his four brothers at Bentley Systems in 1991. He served as the company's CEO from 2000 until his retirement from that role on July 1, 2024, continuing thereafter as Executive Chair of its Board of Directors. Greg Bentley founded Devon Systems International, a financial trading software firm, which was acquired by SunGard Data Systems in 1987. He subsequently served on SunGard's public-company board from 1991 through 2005.
Keith Bentley, EVP and Board Director
Keith Bentley is a co-founder of Bentley Systems and the principal architect of the company's technology directions. He has served as a director and executive officer since the company's inception in 1984, holding the role of president until 1995 and CEO until 2000. He is the primary inventor on numerous company patents.
James Lee, Chief Operating Officer
James Lee was appointed Chief Operating Officer of Bentley Systems in January 2025. He joined Bentley from Google, where he served as General Manager for startups and artificial intelligence at Google Cloud. Prior to Google, Lee spent 12 years at SAP, including roles as Chief Operating Officer for SAP Ariba and Fieldglass, and as Chief Operating Officer and General Manager of Sales for SAP Greater China.
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Here are the key risks to Bentley Systems' business:
-
Dependence on Infrastructure Spending and Economic Cycles
Bentley Systems' business is intrinsically tied to global infrastructure spending, as its software solutions are used across the entire lifecycle of infrastructure projects, including design, construction, and operations. Consequently, the company's revenue and growth prospects are sensitive to economic cycles; economic downturns or reduced government and private sector investment in infrastructure can directly lead to decreased demand for its software. While the company serves a diversified client base globally, including public works, utilities, resources, industrial, and commercial/facilities sectors, a widespread slowdown in infrastructure development would materially affect its financial performance.
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Intense Competition and Rapid Technological Evolution in Engineering Software
The infrastructure engineering software market is highly competitive and subject to rapid technological advancements. Bentley Systems faces significant competition from major Computer-Aided Design (CAD) and Building Information Modeling (BIM) vendors, asset-management providers, niche engineering platforms, and emerging cloud-AI entrants. Key competitors include companies like Autodesk, Nemetschek, Trimble, and Hexagon, which vie for market share across various sub-sectors. The need for continuous investment in research and development to keep pace with evolving technologies, such as AI-integrated digital twins, is critical. Failure to innovate, adapt to new industry standards, or effectively transition to cloud-based and subscription models could result in a loss of market share or erosion of competitive advantage.
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Bentley Systems (BSY) operates in several significant addressable markets, encompassing software solutions for infrastructure engineering, construction, asset management, and digital twins. Here are the estimated market sizes for their main products and services:
- Building Information Modeling (BIM) Software: The global BIM software market was valued at approximately USD 8.12 billion in 2024. This market is projected to grow to USD 51.36 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 14.9% during the forecast period 2025-2035. North America held approximately 46.5% of the global BIM market share in 2024. The architectural BIM software segment alone was valued at USD 6.33 billion in 2025 and is projected to reach USD 22.55 billion by 2034, with a CAGR of 20.1%.
- Construction Management Software: The global construction management software market was valued at USD 6.3 billion in 2023 and is anticipated to grow at a CAGR of over 9.1% between 2024 and 2032. Another estimate indicates the global market size was USD 12.45 billion in 2022 and is projected to reach USD 17.22 billion by 2030, with a CAGR of 9.6% from 2023 to 2030. North America accounted for 35.64% of the market value in 2025.
- Geotechnical Engineering Software: The global geotechnical engineering software market was valued at USD 1.28 billion in 2024 and is projected to reach USD 3.02 billion by 2033, growing at a CAGR of 11.2%. Another source estimates the market at USD 1.8 billion in 2024, expected to reach USD 4.5 billion by 2033, with a CAGR of 9.6% from 2025 to 2033. The North America geotechnical engineering software market size is projected to be USD 322.43 million by 2028.
- Mining Software: The global mining software market was valued at USD 10.1 billion in 2023 and is estimated to reach USD 14.9 billion by 2028, growing at a CAGR of 8.1% from 2023 to 2028. Other estimates place the global market at USD 12.32 billion in 2025, expected to reach USD 23.15 billion by 2033, with a CAGR of 8.2% from 2026 to 2033. North America is the largest market for mining software, holding approximately 40% of the global share.
- Enterprise Asset Management (EAM) Software: The global EAM software market was valued at USD 5.7 billion in 2023 and is expected to reach USD 12.5 billion by 2032, growing at a CAGR of 9.13% over the forecast period 2024-2032. Another report estimates the global market at USD 6.65 billion in 2025, projected to grow to USD 16.42 billion by 2034, exhibiting a CAGR of 10.70%. North America held a significant share, with 36.40% in 2025.
- Asset Performance Management (APM) Software: The global APM software market size was valued at USD 2.42 billion in 2025 and is projected to reach USD 8.39 billion by 2034, exhibiting a CAGR of 14.9%. Another report estimates the market at USD 19.67 billion in 2025, expected to reach USD 42.26 billion by 2031 at a 13.59% CAGR. North America dominated the global APM market with a 40% share in 2025.
- Digital Twin Market: The global digital twin market size was valued at USD 24.48 billion in 2025 and is projected to grow to USD 384.79 billion by 2034, exhibiting a CAGR of 35.40%. Other sources indicate the global market was valued at USD 23.59 billion in 2025, likely to cross USD 626.07 billion by 2035, registering more than 38.8% CAGR during the forecast period 2026-2035. North America dominated this market, holding 34% of the market share in 2025.
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```htmlExpected Drivers of Future Revenue Growth for Bentley Systems (BSY)
- Sustained Growth in Subscription Revenue and Annual Recurring Revenue (ARR): Bentley Systems anticipates continued strong growth in its subscription-based model, which constitutes approximately 92% of its total revenues. The company projects constant currency Annual Recurring Revenue (ARR) growth in the range of 10.5% to 12.5% for 2026. This growth is underpinned by a healthy net revenue retention rate, indicating increased spending from existing customers, alongside the acquisition of new customers, particularly within the SMB segment.
- Expansion and Monetization of AI-Powered Solutions, especially in Asset Analytics: Artificial intelligence (AI) is identified as a significant opportunity for future growth, particularly in asset analytics and broader infrastructure engineering. Bentley Systems is strategically embedding AI into its products and creating platforms for user and partner-developed AI workflows. AI is already contributing to accelerated growth in asset analytics, with the company aiming for further monetization as AI adoption matures.
- Strategic Mergers and Acquisitions (M&A): Having achieved a satisfactory leverage target, Bentley Systems has enhanced its strategic financial flexibility. This position allows the company to allocate more of its cash flow generation towards scaled-up programmatic acquisitions, which are expected to contribute to future revenue growth.
- Benefiting from Continued Global Infrastructure Investment: Bentley Systems is well-positioned to capitalize on the ongoing and sustained global investment in infrastructure. This macroeconomic tailwind is expected to drive demand for the company's software solutions, particularly in areas like Public Works Utilities, contributing to overall revenue expansion.
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Share Repurchases
- Bentley Systems authorized a new stock repurchase program for up to $500 million, active from November 21, 2025, until December 31, 2028, replacing a previous authorization.
- The company made quarterly share repurchases including $22.50 million in June 2024, $15.00 million in March 2024, and $30.00 million in March 2025.
- Previously, Bentley Systems had a stock repurchase program authorizing up to $200 million of Class B common stock through June 30, 2024.
Share Issuance
- Bentley Systems' shares outstanding for 2024 were 0.334 billion, representing a 0.38% increase from 2023.
- Shares outstanding for 2023 were 0.333 billion, an increase of 0.22% from 2022.
- Net common equity issued/repurchased for 2023 was $0.022 billion, indicating a net issuance of shares.
Outbound Investments
- Bentley Systems made 8 acquisitions over the past three years to improve the technical and commercial integration with its platform.
- Significant platform acquisitions include Seequent Holdings Limited in 2021, aimed at incorporating modeling and simulation into infrastructure digital twin capabilities.
- In 2025, the company made strategic acquisitions such as Pointivo, Talon, and Blyncsy, Inc., to advance asset consumption leadership and enhance road design software and digital twin technology with AI.
Capital Expenditures
- Capital expenditures for the full year 2025 were approximately $20 million.
- In the fourth quarter of 2025, capital expenditures totaled $5.4 million, primarily funding long-term assets and infrastructure.
- For the last 12 months, capital expenditures were -$18.26 million.
Latest Trefis Analyses
Trade Ideas
Select ideas related to BSY.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 11212025 | BSY | Bentley Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -14.4% | -14.4% | -22.6% |
| 02282025 | BSY | Bentley Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 27.2% | -16.2% | -27.1% |
| 12312021 | BSY | Bentley Systems | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -30.3% | -23.3% | -42.6% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 69.09 |
| Mkt Cap | 16.4 |
| Rev LTM | 2,860 |
| Op Inc LTM | 611 |
| FCF LTM | 520 |
| FCF 3Y Avg | 471 |
| CFO LTM | 538 |
| CFO 3Y Avg | 505 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.8% |
| Rev Chg 3Y Avg | 13.0% |
| Rev Chg Q | 15.6% |
| QoQ Delta Rev Chg LTM | 3.7% |
| Op Inc Chg LTM | 28.3% |
| Op Inc Chg 3Y Avg | 22.2% |
| Op Mgn LTM | 24.1% |
| Op Mgn 3Y Avg | 21.7% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 31.4% |
| CFO/Rev 3Y Avg | 28.0% |
| FCF/Rev LTM | 31.1% |
| FCF/Rev 3Y Avg | 26.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 16.4 |
| P/S | 6.5 |
| P/Op Inc | 26.8 |
| P/EBIT | 28.1 |
| P/E | 38.6 |
| P/CFO | 21.5 |
| Total Yield | 2.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.0% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.3% |
| 3M Rtn | -7.4% |
| 6M Rtn | -21.7% |
| 12M Rtn | -2.2% |
| 3Y Rtn | 11.1% |
| 1M Excs Rtn | -11.8% |
| 3M Excs Rtn | -11.2% |
| 6M Excs Rtn | -27.4% |
| 12M Excs Rtn | -37.7% |
| 3Y Excs Rtn | -63.0% |
Price Behavior
| Market Price | $35.22 | |
| Market Cap ($ Bil) | 11.1 | |
| First Trading Date | 09/23/2020 | |
| Distance from 52W High | -39.7% | |
| 50 Days | 200 Days | |
| DMA Price | $35.69 | $44.66 |
| DMA Trend | down | down |
| Distance from DMA | -1.3% | -21.1% |
| 3M | 1YR | |
| Volatility | 50.8% | 33.5% |
| Downside Capture | 0.24 | 0.50 |
| Upside Capture | 22.56 | 51.69 |
| Correlation (SPY) | 6.0% | 26.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.36 | 0.29 | 0.44 | 0.71 | 0.71 | 0.93 |
| Up Beta | -1.55 | 1.20 | 1.27 | 0.77 | 0.87 | 0.93 |
| Down Beta | -0.99 | 0.04 | 0.08 | 0.42 | 0.46 | 0.76 |
| Up Capture | 2% | 48% | 36% | 32% | 49% | 72% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 20 | 28 | 51 | 122 | 374 |
| Down Capture | 9% | 11% | 63% | 120% | 89% | 104% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 21 | 34 | 74 | 129 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BSY | |
|---|---|---|---|---|
| BSY | -16.5% | 33.5% | -0.50 | - |
| Sector ETF (XLK) | 69.4% | 20.7% | 2.44 | 29.0% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | 28.3% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | -12.3% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -2.3% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 23.6% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | 21.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BSY | |
|---|---|---|---|---|
| BSY | -6.3% | 35.9% | -0.10 | - |
| Sector ETF (XLK) | 18.0% | 24.7% | 0.65 | 54.5% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 54.8% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | 3.6% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | 6.9% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 43.4% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 26.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BSY | |
|---|---|---|---|---|
| BSY | 0.7% | 38.3% | 0.14 | - |
| Sector ETF (XLK) | 23.0% | 24.3% | 0.86 | 49.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 50.6% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 2.9% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 9.1% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 39.5% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 22.8% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | 14.0% | 19.7% | 11.6% |
| 11/5/2025 | -1.0% | -8.1% | -11.6% |
| 8/6/2025 | -3.2% | -8.2% | -5.8% |
| 5/7/2025 | 5.6% | 10.0% | 12.5% |
| 2/26/2025 | -2.3% | -7.6% | -7.5% |
| 11/7/2024 | 2.3% | -3.0% | -0.3% |
| 8/6/2024 | 6.2% | 7.9% | 8.3% |
| 5/7/2024 | 2.6% | 2.4% | -5.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 11 |
| # Negative | 10 | 12 | 11 |
| Median Positive | 3.5% | 8.4% | 11.6% |
| Median Negative | -1.5% | -5.7% | -5.8% |
| Max Positive | 14.0% | 19.7% | 37.5% |
| Max Negative | -13.6% | -14.3% | -18.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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