Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-18-26	Initiated	BNP Paribas	Outperform	$40
May-08-26	Upgrade	Piper Sandler	Neutral → Overweight
Mar-02-26	Reiterated	Piper Sandler	Neutral	$45 → $42
Feb-23-26	Reiterated	UBS	Neutral	$40
Jan-22-26	Reiterated	BMO Capital		$48
Jan-20-26	Reiterated	Oppenheimer	Outperform	$53
Jan-13-26	Downgrade	Piper Sandler	Overweight → Neutral	$45
Jan-12-26	Reiterated	Barclays	Equal Weight	$57 → $47
Jan-07-26	Reiterated	Robert W. Baird		$62 → $55
Jan-05-26	Reiterated	RBC Capital	Outperform	$48

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	1,556	1,502	1,353	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	286	278	258
Gross Profit	1,269	1,224	1,095
Selling, General and Administrative Excl. Other	531	507	478
Research and Development	318	308	281
Other Operating Expense	47	47	34
Operating Income	373	363	302
Interest Expense	35	15	25
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-17	-1	-16
Net Income Before Taxes	358	351	293
Income Taxes	75	73	59
Consolidated Net Income	281	278	235
Net Income From Continuing Operations	282	278	234
Net Income	281	278	235
EPS (Recurring)	0.89	0.88	0.75
EPS (Basic, Before Extraordinaries)	0.89	0.88	0.75
EPS (Diluted)	0.87	0.85	0.72
EBITDA	487	429	382
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	33.77	44.91	—
Price To Sales Ratio	5.91	8.01	—
Gross Margin	81.56	81.49	80.93
Operating Margin	23.97	24.17	22.32
Net Margin	18.06	18.51	17.37
Shares Outstanding	313	315	315
Market Capitalization	9,196	12,024	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
BENTLEY GREGORY S	Executive Chair & President	Mar 10 '26	Sale	40.01	100	4,001	7,614,841	Mar 12 12:00 AM
Trimback Thomas F	Chief Accounting Officer	Nov 17 '25	Sale	43.02	560	24,091	13,806	Nov 19 12:00 AM
BENTLEY GREGORY S	Executive Chair & President	Sep 02 '25	Sale	54.83	37,160	2,037,576	7,580,436	Sep 04 12:00 AM
Shaman David R.	Chief Legal Officer	Jul 29 '25	Sale	59.25	400	23,700	647,209	Jul 31 12:00 AM
Shaman David R.	Chief Legal Officer	Jul 14 '25	Sale	56.96	19,348	1,102,105	647,609	Jul 15 12:00 AM
Shaman David R.	Chief Legal Officer	Jul 11 '25	Sale	56.92	965	54,930	666,957	Jul 15 12:00 AM
Bentley Keith A.	director, 10 percent owner:	Jul 07 '25	Sale	55.54	150,000	8,330,511	3,859,327	Jul 09 12:00 AM
Shaman David R.	Chief Legal Officer	Jul 03 '25	Sale	54.98	19,156	1,053,208	670,558	Jul 08 12:00 AM
Bentley Raymond B.	director, 10 percent owner:	Jun 20 '25	Sale	50.70	122,114	6,191,119	15,347,424	Jun 23 12:00 AM
Bentley Raymond B.	director, 10 percent owner:	Jun 18 '25	Sale	50.65	249,689	12,645,859	15,469,538	Jun 23 12:00 AM
Bentley Raymond B.	director, 10 percent owner:	Jun 17 '25	Sale	50.30	273,094	13,737,666	15,719,227	Jun 18 12:00 AM
Bentley Raymond B.	director, 10 percent owner:	Jun 16 '25	Sale	49.96	355,103	17,742,118	15,992,321	Jun 18 12:00 AM
Ballard Brock	Chief Revenue Officer	May 07 '25	Sale	45.08	12,363	557,270	68,064	May 09 12:00 AM
BENTLEY GREGORY S	Executive Chair & President	Mar 12 '25	Sale	41.04	53,968	2,214,804	7,755,439	Mar 14 12:00 AM
Ballard Brock	Chief Revenue Officer	Mar 03 '25	Sale	43.26	7,684	332,421	65,642	Mar 05 12:00 AM


Market Cap	8.58B	Forward P/E	18.82	EPS next Y	1.56	Insider Trans	0.00%	Shs Float	-	Perf Month	-11.00%


Enterprise Value	9.64B	PEG	3.81	EPS next Q	0.32	Inst Own	-	Short Float	-	Perf Quarter	-22.46%


Income	263.27M	P/S	5.51	EPS this Y	58.41%	Inst Trans	-	Short Ratio	-	Perf Half Y	-27.17%


Sales	1.56B	P/B	7.48	EPS next Y	13.26%	ROA	8.00%	Short Interest	-	Perf YTD	-23.03%


Book/sh	4.04	P/C	17.90	EPS next 5Y	12.18%	ROE	23.62%	52W High	59.25 -50.41%	Perf Year	-41.71%


Cash/sh	0.35	P/FCF	17.44	EPS past 3/5Y	-	ROIC	11.64%	52W Low	28.42 3.38%	Perf 3Y	-


Dividend Est.	0.28 (0.95%)	EV/EBITDA	19.79	Sales past 3/5Y	10.97% 13.37%	Gross Margin	81.64%	Volatility	2.99% 3.02%	Perf 5Y	-


Dividend TTM	0.28 (0.95%)	EV/Sales	6.20	EPS Y/Y TTM	72.22%	Oper. Margin	24.03%	ATR (14)	1.35	Perf 10Y	-


Dividend Ex-Date	Jun 02, 2026	Quick Ratio	0.51	Sales Y/Y TTM	15.00%	Profit Margin	18.12%	RSI (14)	32.75	Recom	2.29


Dividend Gr. 3/5Y	32.64% 56.32%	Current Ratio	0.51	EPS Q/Q	8.57%	SMA20	-8.65%	Beta	0.65	Target Price	46.63


Payout	30.15%	Debt/Eq	0.95	Sales Q/Q	14.29%	SMA50	-10.36%	Rel Volume	2.67	Prev Close	29.34


Employees	5,500	LT Debt/Eq	1.07	Earnings	Aug 05	SMA200	-26.80%	Avg Volume	2.71M	Price	29.38


IPO Date	Sep 23, 2020	Option/Short	Yes / Yes	EPS/Sales Surpr.	7.01% 0.95%	Net Debt/EBITDA	2.18	Volume	7,243,173	Change	0.14%

BSY