Bentley SystemsMEX:BSY 72 Gross Margin % is 82.61% as of Mar. 2026, which is 4% above its 10-year median of 79.79. GuruFocus rates MEX:BSY with a GF Score™ of 72/100 and a GF Value™ of MXN1,378.96. The stock has 1 warning sign investors should review. Among 2,680 Software companies, Bentley Systems ranks better than 89.78% on this metric.
The historical rank and industry rank for Bentley Systems's Gross Margin % or its related term are showing as below:
MEX:BSY'
s Gross Margin % Range Over the Past 10 Years
Min: 77.56 Med: 79.79 Max: 81.64
Current: 81.64
During the past 8 years, the highestGross Margin % of Bentley Systems was 81.64%. The lowest was 77.56%. And the median was 79.79%.
MEX:BSY's Gross Margin % is ranked better than 89.78% of 2680
companies
in the Software industry
Industry Median: 40.45
vs MEX:BSY: 81.64
Bentley Systems had a gross margin of 82.61% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bentley Systems was 0.80% per year.
Bentley Systems (MEX:BSY) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Bentley Systems had a gross margin of 82.61% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Bentley Systems Gross Margin % Related Terms
Bentley Systems Gross Margin % Historical Data
* Premium members only.
The historical data trend for Bentley Systems's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:BSY vs HUBS, DOCU, FIG: Gross Margin % Comparison
For the Software - Application subindustry, Bentley Systems's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bentley Systems Gross Margin % vs Software Industry
For the Software industry and Technology sector, Bentley Systems's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bentley Systems's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Bentley Systems (MEX:BSY) has a Gross Margin % of 82.61% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Bentley Systems and its competitors. This is near median its historical median of 79.79. Over the past decade, Bentley Systems' Gross Margin % has ranged from 77.56 to 81.64. According to the industry distribution chart, Bentley Systems ranks #274 out of 2680 companies in the Software industry, placing it in the top 10.2%.
Is Bentley Systems' Gross Margin % too high?
Bentley Systems' current Gross Margin % of 82.61% is near median its 10-year median of 79.79. Over the past 10 years, this metric has ranged from a low of 77.56 to a high of 81.64. The Software industry median Gross Margin % is 40.45. Bentley Systems' value of 82.61% is 104.2% above this industry median. Based on the distribution chart, Bentley Systems ranks #274 out of 2680 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bentley Systems has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' Gross Margin % compare to HUBS and DOCU?
According to the Software industry distribution chart, Bentley Systems ranks #274 out of 2680 companies for Gross Margin %. This places Bentley Systems in the top 10% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.45. Bentley Systems' value of 82.61% is 104.2% above this benchmark. Historically, Bentley Systems' own Gross Margin % has ranged from 77.56 to 81.64 over the past decade. While the company's 10-year median is 79.79 vs. the industry median of 40.45, Bentley Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.45, based on 2,680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bentley Systems's current Gross Margin % of 82.61% is 104.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Bentley Systems and its competitors. For the Software industry, the median Gross Margin % is 40.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bentley Systems's current Gross Margin % is 82.61%, which is near median its own 10-year median of 79.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bentley Systems stock overvalued right now?
Bentley Systems (MEX:BSY) has a current Gross Margin % of 82.61%. The stock's GF Value™ is MXN1,378.96, compared to a current price of MXN656.22 — trading 52.4% below its estimated fair value. The current Gross Margin % is 82.61%, which is near median its 10-year median of 79.79 and 104.2% above the Software industry median of 40.45. Bentley Systems' overall GF Score™ is 72/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Gross Margin % is 82.61% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bentley Systems (MEX:BSY) Overvalued in 2026?
Based on GuruFocus' analysis, Bentley Systems stock appears to be undervalued.
The current stock price of MXN656.22 is trading 52.4% below its estimated GF Value™ of MXN1,378.96.
Key valuation signals for MEX:BSY:
Gross Margin %: 82.61% (near median its 10-year median of 79.79)
GF Value™: MXN1,378.96 vs. price of MXN656.22 (52.4% below fair value)
Industry Position: 104.2% above the Software median (#274 of 2680)
No single metric tells the full story. See the MEX:BSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bentley Systems is a software vendor that caters to civil engineers, constructors, and geospatial professionals by enabling design, simulation, and data management of infrastructure assets such as roads and bridges. While Bentley is smaller than many other design software companies, it is a market leader across a handful of specialty areas, including public works, electricity grids, and transit.
72GF Score
Get the complete analysis for MEX:BSY
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:BSY has been successfully added to your 
