Bentley SystemsMEX:BSY 73 Operating Margin % is 29.77% as of Mar. 2026, which is 56% above its 10-year median of 19.12. 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 2,820 Software companies, Bentley Systems ranks better than 91.21% on this metric.
Bentley Systems (MEX:BSY) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Bentley Systems Operating Margin % Related Terms
Bentley Systems Operating Margin % Historical Data
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The historical data trend for Bentley Systems's Operating 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: Operating Margin % Comparison
For the Software - Application subindustry, Bentley Systems's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Software Industry
For the Software industry and Technology sector, Bentley Systems's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Bentley Systems's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Bentley Systems's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Operating Margin % of 29.77% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Bentley Systems and its competitors. This is 56% above median its historical median of 19.12. Over the past decade, Bentley Systems' Operating Margin % has ranged from 9.80 to 24.15. According to the industry distribution chart, Bentley Systems ranks #248 out of 2820 companies in the Software industry, placing it in the top 8.8%.
Is Bentley Systems' Operating Margin % too high?
Bentley Systems' current Operating Margin % of 29.77% is 56% above median its 10-year median of 19.12. Over the past 10 years, this metric has ranged from a low of 9.80 to a high of 24.15. The Software industry median Operating Margin % is 3.87. Bentley Systems' value of 29.77% is 670.2% above this industry median. Based on the distribution chart, Bentley Systems ranks #248 out of 2820 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' Operating Margin % compare to DOCU and FROG?
According to the Software industry distribution chart, Bentley Systems ranks #248 out of 2820 companies for Operating Margin %. This places Bentley Systems in the top 9% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.87. Bentley Systems' value of 29.77% is 670.2% above this benchmark. Historically, Bentley Systems' own Operating Margin % has ranged from 9.80 to 24.15 over the past decade. While the company's 10-year median is 19.12 vs. the industry median of 3.87, 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 Operating Margin % for a Software company?
The median Operating Margin % among Software companies is 3.87, based on 2,820 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bentley Systems's current Operating Margin % of 29.77% is 670.2% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Bentley Systems and its competitors. For the Software industry, the median Operating Margin % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bentley Systems's current Operating Margin % is 29.77%, which is 56% above median its own 10-year median of 19.12. 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 Operating Margin % of 29.77%. 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 Operating Margin % is 29.77%, which is 56% above median its 10-year median of 19.12 and 670.2% above the Software industry median of 3.87. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Bentley Systems (MEX:BSY), the current Operating Margin % is 29.77% 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:
Operating Margin %: 29.77% (56% above median its 10-year median of 19.12)
GF Value™: MXN1,440.44 vs. price of MXN656.22 (54.4% below fair value)
Industry Position: 670.2% above the Software median (#248 of 2820)
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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