BSY vs. CDNS: Bentley Systems vs. Cadence Design Systems Stock Comparison
How do Bentley Systems (BSY) and Cadence Design Systems (CDNS) 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
Bentley Systems (BSY) and Cadence Design Systems (CDNS) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
Cadence Design Systems (CDNS) has more than two decades of public-market history since June 10, 1987, whereas Bentley Systems (BSY) listed on September 23, 2020 and has a much shorter record to draw on.
| Profile Item | BSY | CDNS |
|---|---|---|
| Name | Bentley Systems, Incorporated Class B Common Stock | Cadence Design Systems, Inc. |
| 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 | 13.50 billion USD | 87.78 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | September 23, 2020 | June 10, 1987 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Total Return (1Y) | -2.57% | 3.07% |
| Total Return (3Y, Annualized) | -3.01% | 9.32% |
| Total Return (5Y, Annualized) | -5.13% | 12.93% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Volatility (1Y, Annualized) | 41.49% | 42.21% |
| Beta (5Y) | 0.92 | 1.09 |
| Max Drawdown (5Y) | -53.94% | -34.21% |
| Avg. Volume (3M) | 2.67M | 2.41M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Sharpe Ratio (1Y) | -0.17 | -0.03 |
| Sortino Ratio (1Y) | -0.25 | -0.04 |
Profitability
ROE (TTM)
Both Bentley Systems (BSY) at 26.03% and Cadence Design Systems (CDNS) at 22.87% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
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%
CDNS
Software & Services industry group
22.87%
- Max
- 53.85%
- CDNS
- 22.87%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
For every dollar of sales, both Bentley Systems (BSY) at 19.57% and Cadence Design Systems (CDNS) at 22.52% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
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%
CDNS
Software & Services industry group
22.52%
- Max
- 41.17%
- CDNS
- 22.52%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both Bentley Systems (BSY) at 29.81% and Cadence Design Systems (CDNS) at 28.93% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
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%
CDNS
Software & Services industry group
28.93%
- Max
- 46.89%
- CDNS
- 28.93%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | BSY | CDNS |
|---|---|---|
| ROE (TTM) | 26.03% | 22.87% |
| ROA (TTM) | 7.73% | 10.52% |
| Net Margin (TTM) | 19.57% | 22.52% |
| Operating Margin (TTM) | 29.81% | 28.93% |
| Gross Margin (TTM) | 82.37% | 85.68% |
Growth
Revenue Growth
Both Bentley Systems (BSY) at 10.99% and Cadence Design Systems (CDNS) at 14.12% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Bentley Systems (BSY) at 18.06% and Cadence Design Systems (CDNS) at 5.45% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Revenue Growth (YoY) | 10.99% | 14.12% |
| Revenue Growth (3Y CAGR) | 10.97% | 14.14% |
| EPS Growth (YoY) | 18.06% | 5.45% |
| EPS Growth (3Y CAGR) | 15.62% | 9.53% |
Financial Strength
Current Ratio (MRQ)
Cadence Design Systems (CDNS) at 1.36 keeps current ratio within its industry’s typical mid-range, while Bentley Systems (BSY) at 0.65 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for BSY.
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
CDNS
Software & Services industry group
1.36
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CDNS
- 1.36
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both Bentley Systems (BSY) at 0.94 and Cadence Design Systems (CDNS) at 0.41 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
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
CDNS
Software & Services industry group
0.41
- Max
- 2.52
- Q3
- 1.13
- CDNS
- 0.41
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Current Ratio (MRQ) | 0.65 | 1.36 |
| Debt / Equity (MRQ) | 0.94 | 0.41 |
| Net Debt / EBITDA | 2.12 | 0.57 |
Dividends
Dividend Yield (TTM)
Cadence Design Systems (CDNS) 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.
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%
CDNS
Software & Services industry group
0.00%
- CDNS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Cadence Design Systems (CDNS) 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.
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%
CDNS
Software & Services industry group
0.00%
- CDNS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BSY | CDNS |
|---|---|---|
| Dividend Yield (TTM) | 0.62% | 0.00% |
| Dividend Payout Ratio (TTM) | 27.72% | 0.00% |
Valuation
P/E Ratio (TTM)
Bentley Systems (BSY) at 44.21 is near its industry’s usual P/E ratio, while Cadence Design Systems (CDNS) at 63.60 sits in the richer quartile — CDNS needs stronger growth or earnings quality to justify the premium.
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
CDNS
Software & Services industry group
63.60
- Max
- 112.94
- CDNS
- 63.60
- Q3
- 60.32
- 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 Cadence Design Systems (CDNS) at 14.31 sits in the pricier quartile — CDNS costs more per dollar of sales.
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
CDNS
Software & Services industry group
14.31
- Max
- 17.91
- CDNS
- 14.31
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both Bentley Systems (BSY) at 10.79 and Cadence Design Systems (CDNS) at 12.77 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
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
CDNS
Software & Services industry group
12.77
- Max
- 16.63
- CDNS
- 12.77
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | BSY | CDNS |
|---|---|---|
| P/E Ratio (TTM) | 44.21 | 63.60 |
| P/S Ratio (TTM) | 8.19 | 14.31 |
| P/B Ratio (MRQ) | 10.79 | 12.77 |
| Free Cash Flow Yield (TTM) | 2.74% | 1.99% |