Bentley Systems vs Samsara
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KIRAβs take AI analyst
I put Bentley Systems and Samsara side by side, using each oneβs latest annual report. Here is what stands out:
- 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%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Bentley Systems
BSY
6/8
Gross marginOperating marginNet marginFCF marginReturn on equityShare count change
Samsara
IOT
2/8
Revenue growth5-year growth
Side by side
Best in the row
| Latest fiscal year | BSY FY25 | IOT 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 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.