Bentley Systems (BSY) vs Elastic N.V. (ESTC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Elastic N.V. (ESTC) has outperformed Bentley Systems (BSY) over the past year, gaining 15.8% versus a loss of 33.1%. Over five years, BSY leads with a -38.8% price change compared with -45.8% for ESTC. Bentley Systems is the larger company by market cap ($10.46 billion vs $9.90 billion), about 1.1 times the size, while Elastic N.V. is growing revenue faster (+17.3% vs +11.0%).
On valuation, Bentley Systems trades at a lower forward P/E (21.9x vs 23.8x for Elastic N.V.). Bentley Systems pays a dividend yielding 0.81%, while Elastic N.V. does not currently pay one. Elastic N.V. converts more of its revenue into profit, with a net margin of 21.1% versus 18.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BSY | ESTC |
|---|---|---|
| Share price | $34.63 | $94.29 |
| Market cap | $10.46B | $9.90B |
| 1-day change | -1.49% | +1.28% |
| YTD return | -7.90% | +23.41% |
| 1-year return | -33.11% | +15.80% |
| 5-year return | -38.81% | -45.83% |
| P/E ratio (TTM) | 38.05 | 26.94 |
| Forward P/E | 21.93 | 23.84 |
| EPS (TTM) | $0.91 | $3.50 |
| Dividend yield | 0.81% | 0.00% |
| Annual dividend | $0.28 | $0.00 |
| Revenue (latest FY) | $1.50B | $1.74B |
| Revenue growth (YoY) | +10.99% | +17.26% |
| Net income (latest FY) | $277.86M | $367.77M |
| Gross margin | 81.52% | 76.07% |
| Operating margin | 24.15% | -1.92% |
| Net margin | 18.50% | 21.14% |
| 52-week high | $52.85 | $108.00 |
| 52-week low | $28.08 | $42.05 |
| Distance from 52-week high | -34.48% | -12.69% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +26.87% | +17.39% |
| Average volume | 2.61M | 2.26M |
| Shares outstanding | 290.58M | 104.99M |
| Employees | 5,800 | 3,834 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ESTC has outperformed BSY by 48.9 percentage points over the past year.
- Bentley Systems trades at a higher earnings multiple (38.0x vs 26.9x trailing P/E).
- Elastic N.V. grew revenue faster in its latest fiscal year (+17.26% vs +10.99%).
About Bentley Systems
BSY stock →Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling applications, such as MicroStation, OpenBridge, OpenBuildings, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite and OpenSite+, OpenTower, OpenTunnel, and OpenUtilities; and open simulation applications, including ADINA, AutoPIPE, LEGION, OpenPaths, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.
Technology · Computer Software: Prepackaged Software · 5,800 employees
About Elastic N.V.
ESTC stock →Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elasticsearch Platform, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.
Technology · Computer Software: Prepackaged Software · 3,834 employees
BSY vs ESTC FAQ
Which is bigger, Bentley Systems or Elastic N.V.?
Bentley Systems (BSY) is larger, with a market capitalization of $10.46B compared with $9.90B for Elastic N.V. (ESTC).
Which stock has performed better over the past year, BSY or ESTC?
ESTC returned +15.80% over the past 12 months, compared with -33.11% for BSY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BSY or ESTC?
ESTC has the lower trailing P/E at 26.9, versus 38.0 for BSY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Bentley Systems or Elastic N.V.?
Bentley Systems pays a dividend yielding 0.81%, while Elastic N.V. does not currently pay a regular dividend.
Are Bentley Systems and Elastic N.V. in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.