Bentley Systems vs Samsara
Add, change or remove companies; up to four.
The short version
- Samsara is the larger business, with $1.6B of revenue in fiscal 2026 against $1.5B for Bentley Systems.
- Samsara grew revenue faster (29.6%, against 11.0%).
- Bentley Systems kept more of each dollar of sales as operating profit (24.2% operating margin, against β3.3%).
- Bentley Systems turned more of its sales into free cash flow (34.6% FCF margin, against 12.8%).
| Latest fiscal year | BSY Β· FY25 | IOT Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $12.7B | $26.5B |
| Revenue | $1.5B | $1.6B |
| Free cash flow | $520M | $207M |
| Net income | $278M | β$9.1M |
| Growth | ||
| Revenue growth | 11.0% | 29.6% |
| 5-year growth | 13.4% | 45.3% |
| Share count change | β0.2% | 3.1% |
| Profitability | ||
| Gross margin | 81.5% | 76.7% |
| Operating margin | 24.2% | β3.3% |
| Net margin | 18.5% | β0.6% |
| FCF margin | 34.6% | 12.8% |
| Return on capital | 12.3% | β |
| Return on equity | 24.9% | β0.7% |
| Balance sheet | ||
| Net debt | $1.1B | β |
| Net debt / EBITDA | 2.8x | β |
| Dividends and buybacks | $210M | $0.0M |
| Valuation & quality | ||
| P/E | 43.6x | β |
| Piotroski F-score | 9 | β |
Revenue
FY18
BSY $692M
IOT β
FY19
BSY $735M
IOT β
FY20
BSY $802M
IOT β
FY21
BSY $965M
IOT $250M
FY22
BSY $1.1B
IOT $428M
FY23
BSY $1.2B
IOT $653M
FY24
BSY $1.4B
IOT $937M
FY25
BSY $1.5B
IOT $1.2B
FY26
BSY β
IOT $1.6B
BSY
IOT
Operating margin
FY18
BSY 17.6%
IOT β
FY19
BSY 19.3%
IOT β
FY20
BSY 18.7%
IOT β
FY21
BSY 9.8%
IOT β83.8%
FY22
BSY 19.0%
IOT β82.6%
FY23
BSY 18.8%
IOT β39.8%
FY24
BSY 22.3%
IOT β34.5%
FY25
BSY 24.2%
IOT β15.2%
FY26
BSY β
IOT β3.3%
BSY
IOT
Free cash flow
FY18
BSY $143M
IOT β
FY19
BSY $154M
IOT β
FY20
BSY $242M
IOT β
FY21
BSY $270M
IOT β$204M
FY22
BSY $256M
IOT β$191M
FY23
BSY $392M
IOT β$136M
FY24
BSY $421M
IOT β$22.8M
FY25
BSY $520M
IOT $111M
FY26
BSY β
IOT $207M
BSY
IOT
Return on capital
FY18
BSY β
IOT β
FY19
BSY β
IOT β
FY20
BSY 25.3%
IOT β
FY21
BSY 9.6%
IOT β
FY22
BSY 9.8%
IOT β
FY23
BSY 10.0%
IOT β
FY24
BSY 10.3%
IOT β
FY25
BSY 12.3%
IOT β
FY26
BSY β
IOT β
BSY
IOT
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.