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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.

Company profile comparison for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
Profile ItemBSYCDNS
NameBentley Systems, Incorporated Class B Common StockCadence Design Systems, Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareApplication Software
Market Capitalization13.50 billion USD87.78 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateSeptember 23, 2020June 10, 1987
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BSY
CDNS
GSPC
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Bentley Systems (BSY) and Cadence Design Systems (CDNS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bentley Systems (BSY) and Cadence Design Systems (CDNS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
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

BSY
CDNS
GSPC
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Bentley Systems (BSY) and Cadence Design Systems (CDNS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
Volatility (1Y, Annualized)41.49%42.21%
Beta (5Y)0.921.09
Max Drawdown (5Y)-53.94%-34.21%
Avg. Volume (3M)2.67M2.41M

Risk-Adjusted Performance

Risk-Return Positioning

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BSY and CDNS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
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%
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their ROE against the Software & Services industry group benchmark.

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%
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their net margin against the Software & Services industry group benchmark.

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%
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
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.

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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their Revenue Growth across different time periods.

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.

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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
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
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their current ratio against the Software & Services industry group benchmark.

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
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
Current Ratio (MRQ)0.651.36
Debt / Equity (MRQ)0.940.41
Net Debt / EBITDA2.120.57

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%
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their dividend yield against the Software & Services industry group benchmark.

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%
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
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
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their P/E ratio against the Software & Services industry group benchmark.

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
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their P/S ratio against the Software & Services industry group benchmark.

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
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Bentley Systems (BSY) vs. Cadence Design Systems (CDNS): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Bentley Systems (BSY) and Cadence Design Systems (CDNS)
MetricBSYCDNS
P/E Ratio (TTM)44.2163.60
P/S Ratio (TTM)8.1914.31
P/B Ratio (MRQ)10.7912.77
Free Cash Flow Yield (TTM)2.74%1.99%