BSY vs. MSTR: Bentley Systems vs. Strategy Stock Comparison

Company Profile

Bentley Systems (BSY) and Strategy (MSTR) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Strategy (MSTR) has more than two decades of public-market history since June 11, 1998, whereas Bentley Systems (BSY) listed on September 23, 2020 and has a much shorter record to draw on.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Strategy (MSTR) carries a highly aggressive beta of 3.60, 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.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Strategy (MSTR) reports a negative ROE of -21.59%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Bentley Systems (BSY) reports 26.03%, ranking against industry peers normally.

Bentley Systems (BSY) at 19.57% retains a top-quartile share of revenue as profit, ahead of Strategy (MSTR) at 0.00%, which keeps about the industry-typical share.

Strategy (MSTR) reports a negative operating margin of -2.07%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Bentley Systems (BSY) reports 29.81%, ranking against industry peers normally.

Profitability Metrics

Growth

Bentley Systems (BSY) at 10.99% is around its peer norm for revenue growth, while Strategy (MSTR) at 2.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Only one side can be read here: Bentley Systems (BSY) reports EPS growth of 18.06%, ranked against its industry; Strategy (MSTR) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Strategy (MSTR) at 4.04 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.

Both Bentley Systems (BSY) at 0.94 and Strategy (MSTR) at 0.10 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Strategy (MSTR) 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.

Strategy (MSTR) 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.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Bentley Systems (BSY) trades at 44.21 times trailing earnings, ranked against its peers, while Strategy (MSTR) has no P/E ratio this period.

Bentley Systems (BSY) at 8.19 prices around its industry’s typical P/S ratio, while Strategy (MSTR) at 110.23 clears its benchmark range — MSTR looks notably rich on sales.

Strategy (MSTR) at 0.98 looks cheap against book in the lower P/B ratio quartile, while Bentley Systems (BSY) at 10.79 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics