Bentley Systems, Incorporated BSY NASDAQ

Bentley Systems, Incorporated (BSY) generated $538.46M in operating cash flow for fiscal year 2025. After capital expenditures of $18.26M, free cash flow was $520.21M.

Free cash flow margin was 34.6% of revenue. Cash conversion ratio was 1.94x, indicating earnings are backed by cash.

The company returned $84.96M in dividends and $157.24M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (50/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (74/100, Pass) — $520.21M (34.6% FCF margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 1.94x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 70/100 with 5/7 criteria passed.