Bentley Systems, Incorporated
$11.65B- Market cap
- $10.53B
- Debt
- +$1.25B
- Cash
- −$123.28M
Capital structure 89% equity / 11% debt · EV / Revenue 7.76x · EV / EBITDA 29.20x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: BSY stock price vs COP: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at COP's multiple
Needs COP P/E.
Implied fair value · at BSY's multiple
Needs BSY P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: BSY FY 2025 (ended Dec 31, 2025) · COP FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 89% equity / 11% debt · EV / Revenue 7.76x · EV / EBITDA 29.20x
Capital structure 87% equity / 13% debt · EV / Revenue 3.02x · EV / EBITDA 13.25x
COP carries the larger enterprise value at $177.75B against $11.65B; COP trades on the lower EV / Revenue multiple (3.02x vs 7.76x); COP on the lower EV / EBITDA (13.25x vs 29.20x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
BENTLEY SYSTEMS, INCORPORATED · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
ConocoPhillips · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.05x
0.36x
Net debt / EBITDA
Leverage against operating earnings
2.82x
1.23x
Cash and equivalents
Liquid reserves on the balance sheet
$123.28M
$6.98B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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