Bentley SystemsMEX:BSY 73 Net Margin % is 22.49% as of Mar. 2026, which is 35% above its 10-year median of 16.63. GuruFocus rates MEX:BSY with a GF Score™ of 73/100 and a GF Value™ of MXN1,440.44. The stock has 2 warning signs investors should review. Among 2,827 Software companies, Bentley Systems ranks better than 87.97% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Bentley Systems's Net Income for the
three
months ended in Mar. 2026 was MXN1,720 Mil. Bentley Systems's Revenue for the
three
months ended in Mar. 2026 was MXN7,649 Mil. Therefore, Bentley Systems's net margin for the quarter that ended in Mar. 2026 was 22.49%.
The historical rank and industry rank for Bentley Systems's Net Margin % or its related term are showing as below:
MEX:BSY'
s Net Margin % Range Over the Past 10 Years
Min: 9.66 Med: 16.63 Max: 26.6
Current: 18.12
MEX:BSY's Net Margin % is ranked better than 87.97% of 2827
companies
in the Software industry
Industry Median: 2.54
vs MEX:BSY: 18.12
Bentley Systems (MEX:BSY) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Bentley Systems Net Margin % Related Terms
Bentley Systems Net Margin % Historical Data
* Premium members only.
The historical data trend for Bentley Systems's Net 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 DOCU, FROG, MANH: Net Margin % Comparison
For the Software - Application subindustry, Bentley Systems's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Software Industry
For the Software industry and Technology sector, Bentley Systems's Net Margin % distribution charts can be found below:
* The bar in red indicates where Bentley Systems's Net 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.
Bentley Systems (MEX:BSY) has a Net Margin % of 22.49% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Bentley Systems and its competitors. This is 35% above median its historical median of 16.63. Over the past decade, Bentley Systems' Net Margin % has ranged from 9.66 to 26.60. According to the industry distribution chart, Bentley Systems ranks #340 out of 2827 companies in the Software industry, placing it in the top 12%.
Is Bentley Systems' Net Margin % too high?
Bentley Systems' current Net Margin % of 22.49% is 35% above median its 10-year median of 16.63. Over the past 10 years, this metric has ranged from a low of 9.66 to a high of 26.60. The Software industry median Net Margin % is 2.54. Bentley Systems' value of 22.49% is 785.4% above this industry median. Based on the distribution chart, Bentley Systems ranks #340 out of 2827 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 73/100, reflecting its overall financial health beyond just this single metric.
How does Bentley Systems' Net Margin % compare to DOCU and FROG?
According to the Software industry distribution chart, Bentley Systems ranks #340 out of 2827 companies for Net Margin %. This places Bentley Systems in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.54. Bentley Systems' value of 22.49% is 785.4% above this benchmark. Historically, Bentley Systems' own Net Margin % has ranged from 9.66 to 26.60 over the past decade. While the company's 10-year median is 16.63 vs. the industry median of 2.54, 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 Net Margin % for a Software company?
The median Net Margin % among Software companies is 2.54, based on 2,827 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bentley Systems's current Net Margin % of 22.49% is 785.4% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Bentley Systems and its competitors. For the Software industry, the median Net Margin % is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bentley Systems's current Net Margin % is 22.49%, which is 35% above median its own 10-year median of 16.63. 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 Net Margin % of 22.49%. The stock's GF Value™ is MXN1,440.44, compared to a current price of MXN656.22 — trading 54.4% below its estimated fair value. The current Net Margin % is 22.49%, which is 35% above median its 10-year median of 16.63 and 785.4% above the Software industry median of 2.54. Bentley Systems' overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Net Margin % is 22.49% 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 54.4% below its estimated GF Value™ of MXN1,440.44.
Key valuation signals for MEX:BSY:
Net Margin %: 22.49% (35% above median its 10-year median of 16.63)
GF Value™: MXN1,440.44 vs. price of MXN656.22 (54.4% below fair value)
Industry Position: 785.4% above the Software median (#340 of 2827)
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.
73GF Score
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