APP vs. BSY: AppLovin vs. Bentley Systems Stock Comparison
How do AppLovin (APP) and Bentley Systems (BSY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
AppLovin (APP) and Bentley Systems (BSY) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | APP | BSY |
|---|---|---|
| Name | AppLovin Corporation Class A Common Stock | Bentley Systems, Incorporated Class B Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Application Software |
| Market Capitalization | 129.62 billion USD | 13.50 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | April 15, 2021 | September 23, 2020 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | APP | BSY |
|---|---|---|
| Total Return (1Y) | -34.71% | -2.57% |
| Total Return (3Y, Annualized) | 116.87% | -3.01% |
| Total Return (5Y, Annualized) | 31.34% | -5.13% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
AppLovin (APP) carries a highly aggressive beta of 2.25, indicating much higher sensitivity to broad-market moves, whereas Bentley Systems (BSY) is closer to market-like at 0.92 — a noticeable difference in market-sensitivity profile.
| Metric | APP | BSY |
|---|---|---|
| Volatility (1Y, Annualized) | 80.36% | 41.49% |
| Beta (5Y) | 2.25 | 0.92 |
| Max Drawdown (5Y) | -91.90% | -53.94% |
| Avg. Volume (3M) | 5.33M | 2.67M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | APP | BSY |
|---|---|---|
| Sharpe Ratio (1Y) | -0.49 | -0.17 |
| Sortino Ratio (1Y) | -0.69 | -0.25 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but AppLovin (APP) at 210.09% is the standout with ROE above its industry range; Bentley Systems (BSY) at 26.03% also sits in the top quartile.
APP
Software & Services industry group
210.09%
- APP
- 210.09%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
BSY
Software & Services industry group
26.03%
- Max
- 53.85%
- BSY
- 26.03%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
AppLovin (APP) at 65.89% keeps the most of each sales dollar — above its industry’s net margin range — and Bentley Systems (BSY) at 19.57% also retains a top-quartile share.
APP
Software & Services industry group
65.89%
- APP
- 65.89%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
BSY
Software & Services industry group
19.57%
- Max
- 41.17%
- BSY
- 19.57%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
AppLovin (APP) at 78.22% shows unusually strong operating efficiency — above its industry’s operating margin range — and Bentley Systems (BSY) at 29.81% also operates in the top quartile.
APP
Software & Services industry group
78.22%
- APP
- 78.22%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
BSY
Software & Services industry group
29.81%
- Max
- 46.89%
- BSY
- 29.81%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | APP | BSY |
|---|---|---|
| ROE (TTM) | 210.09% | 26.03% |
| ROA (TTM) | 49.57% | 7.73% |
| Net Margin (TTM) | 65.89% | 19.57% |
| Operating Margin (TTM) | 78.22% | 29.81% |
| Gross Margin (TTM) | 88.78% | 82.37% |
Growth
Revenue Growth
AppLovin (APP) at 69.99% clears its industry range for revenue growth, far stronger top-line momentum than Bentley Systems (BSY) at 10.99%, which is closer to a typical peer reading.
EPS Growth
AppLovin (APP) at 115.23% sits in the top EPS growth quartile, while Bentley Systems (BSY) at 18.06% is closer to the peer norm — faster per-share earnings growth for APP.
Growth Metrics
| Metric | APP | BSY |
|---|---|---|
| Revenue Growth (YoY) | 69.99% | 10.99% |
| Revenue Growth (3Y CAGR) | 24.84% | 10.97% |
| EPS Growth (YoY) | 115.23% | 18.06% |
| EPS Growth (3Y CAGR) | -- | 15.62% |
Financial Strength
Current Ratio (MRQ)
AppLovin (APP) at 3.81 carries current ratio above its industry’s typical mid-range, while Bentley Systems (BSY) at 0.65 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
APP
Software & Services industry group
3.81
- Max
- 5.11
- APP
- 3.81
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
BSY
Software & Services industry group
0.65
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- BSY
- 0.65
- Min
- 0.03
Debt / Equity (MRQ)
Both AppLovin (APP) at 1.07 and Bentley Systems (BSY) at 0.94 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
APP
Software & Services industry group
1.07
- Max
- 2.52
- Q3
- 1.13
- APP
- 1.07
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
BSY
Software & Services industry group
0.94
- Max
- 2.52
- Q3
- 1.13
- BSY
- 0.94
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | APP | BSY |
|---|---|---|
| Current Ratio (MRQ) | 3.81 | 0.65 |
| Debt / Equity (MRQ) | 1.07 | 0.94 |
| Net Debt / EBITDA | 0.06 | 2.12 |
Dividends
Dividend Yield (TTM)
AppLovin (APP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bentley Systems (BSY) reports a yield of 0.62%, ranking against industry peers normally.
APP
Software & Services industry group
0.00%
- APP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
BSY
Software & Services industry group
0.62%
- BSY
- 0.62%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
AppLovin (APP) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bentley Systems (BSY) reports a payout of 27.72%, ranking against industry peers normally.
APP
Software & Services industry group
0.00%
- APP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
BSY
Software & Services industry group
27.72%
- BSY
- 27.72%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | APP | BSY |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.62% |
| Dividend Payout Ratio (TTM) | 0.00% | 27.72% |
Valuation
P/E Ratio (TTM)
Both AppLovin (APP) at 26.34 and Bentley Systems (BSY) at 44.21 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
APP
Software & Services industry group
26.34
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- APP
- 26.34
- Q1
- 18.77
- Min
- 6.69
BSY
Software & Services industry group
44.21
- Max
- 112.94
- Q3
- 60.32
- BSY
- 44.21
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Bentley Systems (BSY) at 8.19 is priced about in line with its industry on P/S ratio, while AppLovin (APP) at 17.04 sits in the pricier quartile — APP costs more per dollar of sales.
APP
Software & Services industry group
17.04
- Max
- 17.91
- APP
- 17.04
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
BSY
Software & Services industry group
8.19
- Max
- 17.91
- Q3
- 8.78
- BSY
- 8.19
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Bentley Systems (BSY) at 10.79 sits in the upper P/B ratio quartile, and AppLovin (APP) at 39.29 prices even higher, above its industry range.
APP
Software & Services industry group
39.29
- APP
- 39.29
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
BSY
Software & Services industry group
10.79
- Max
- 16.63
- BSY
- 10.79
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | APP | BSY |
|---|---|---|
| P/E Ratio (TTM) | 26.34 | 44.21 |
| P/S Ratio (TTM) | 17.04 | 8.19 |
| P/B Ratio (MRQ) | 39.29 | 10.79 |
| Free Cash Flow Yield (TTM) | 2.87% | 2.74% |