BSY vs. CRCL: Bentley Systems vs. Circle Internet Stock Comparison
How do Bentley Systems (BSY) and Circle Internet (CRCL) 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 Circle Internet (CRCL) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | BSY | CRCL |
|---|---|---|
| Name | Bentley Systems, Incorporated Class B Common Stock | Circle Internet Group, Inc. Class A |
| 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 | 17.41 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | September 23, 2020 | June 5, 2025 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Total Return (1Y) | -2.57% | -33.88% |
| Total Return (3Y, Annualized) | -3.01% | -- |
| Total Return (5Y, Annualized) | -5.13% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Volatility (1Y, Annualized) | 41.49% | 96.01% |
| Beta (5Y) | 0.92 | 0.84 |
| Max Drawdown (5Y) | -53.94% | -80.93% |
| Avg. Volume (3M) | 2.67M | 12.74M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Sharpe Ratio (1Y) | -0.17 | -0.40 |
| Sortino Ratio (1Y) | -0.25 | -0.61 |
Profitability
ROE (TTM)
Bentley Systems (BSY) at 26.03% sits in the top ROE quartile, while Circle Internet (CRCL) at 13.44% is closer to the peer norm — stronger capital efficiency for BSY.
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%
CRCL
Software & Services industry group
13.44%
- Max
- 53.85%
- Q3
- 17.90%
- CRCL
- 13.44%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Bentley Systems (BSY) at 19.57% retains a top-quartile share of revenue as profit, ahead of Circle Internet (CRCL) at 15.28%, which keeps about the industry-typical share.
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%
CRCL
Software & Services industry group
15.28%
- Max
- 41.17%
- CRCL
- 15.28%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both Bentley Systems (BSY) at 29.81% and Circle Internet (CRCL) at 24.09% 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%
CRCL
Software & Services industry group
24.09%
- Max
- 46.89%
- CRCL
- 24.09%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | BSY | CRCL |
|---|---|---|
| ROE (TTM) | 26.03% | 13.44% |
| ROA (TTM) | 7.73% | 0.28% |
| Net Margin (TTM) | 19.57% | 15.28% |
| Operating Margin (TTM) | 29.81% | 24.09% |
| Gross Margin (TTM) | 82.37% | 26.58% |
Growth
Revenue Growth
Circle Internet (CRCL) at 63.86% 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
Bentley Systems (BSY) at 18.06% is around its peer norm for EPS growth, while Circle Internet (CRCL) at -640.54% falls below its industry range, a notably weak earnings reading.
Growth Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Revenue Growth (YoY) | 10.99% | 63.86% |
| Revenue Growth (3Y CAGR) | 10.97% | 52.66% |
| EPS Growth (YoY) | 18.06% | -640.54% |
| EPS Growth (3Y CAGR) | 15.62% | -- |
Financial Strength
Current Ratio (MRQ)
Circle Internet (CRCL) at 1.04 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
CRCL
Software & Services industry group
1.04
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CRCL
- 1.04
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while Bentley Systems (BSY) at 0.94 runs a more typical debt-to-equity mix.
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
CRCL
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- CRCL
- 0.00
- Min
- 0.00
Financial Strength Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Current Ratio (MRQ) | 0.65 | 1.04 |
| Debt / Equity (MRQ) | 0.94 | 0.00 |
| Net Debt / EBITDA | 2.12 | -4.68 |
Dividends
Dividend Yield (TTM)
Circle Internet (CRCL) 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%
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Circle Internet (CRCL) 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%
CRCL
Software & Services industry group
0.00%
- CRCL
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BSY | CRCL |
|---|---|---|
| Dividend Yield (TTM) | 0.62% | 0.00% |
| Dividend Payout Ratio (TTM) | 27.72% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Bentley Systems (BSY) at 44.21 and Circle Internet (CRCL) at 40.89 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
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
CRCL
Software & Services industry group
40.89
- Max
- 112.94
- Q3
- 60.32
- CRCL
- 40.89
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
On P/S ratio, both Bentley Systems (BSY) at 8.19 and Circle Internet (CRCL) at 5.75 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
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
CRCL
Software & Services industry group
5.75
- Max
- 17.91
- Q3
- 8.78
- CRCL
- 5.75
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Circle Internet (CRCL) at 4.50 is valued about in line with its industry on P/B ratio, while Bentley Systems (BSY) at 10.79 carries an above-peer premium to book — BSY is pricier on assets.
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
CRCL
Software & Services industry group
4.50
- Max
- 16.63
- Q3
- 8.50
- CRCL
- 4.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | BSY | CRCL |
|---|---|---|
| P/E Ratio (TTM) | 44.21 | 40.89 |
| P/S Ratio (TTM) | 8.19 | 5.75 |
| P/B Ratio (MRQ) | 10.79 | 4.50 |
| Free Cash Flow Yield (TTM) | 2.74% | 1.43% |