Bentley Systems vs Zeta Global Holdings
Bentley Systems is the larger business, with $1.50bn of revenue in fiscal 2025 against $1.30bn for Zeta Global Holdings (1.2 times as much). Zeta Global Holdings grew faster (29.7% against 11.0%). Bentley Systems kept more of each dollar of sales as profit: a net margin of 18.5% against -2.4%. Zeta Global Holdings carries less debt relative to equity (24.9% against 105.3%).
| Latest fiscal year | Bentley SystemsBSY, 2025 | Zeta Global HoldingsZETA, 2025 |
|---|---|---|
| Revenue | $1.50bn | $1.30bn |
| Revenue growth | 11.0% | 29.7% |
| Net income | $278m | −$31.5m |
| Operating margin | 24.1% | 0.4% |
| Net margin | 18.5% | -2.4% |
| Return on equity | 24.9% | -4.3% |
| Free cash flow | $520m | $185m |
| Cash | $123m | $320m |
| Total debt | $1.25bn | $200m |
| Debt to equity | 105.3% | 24.9% |
| Dividend per share | $0.28 | — |
| Dividend yield | 0.6% | — |
| Share buybacks | $125m | — |
| Employees | 1,600 | 3,300 |
| Market value | $13.44bn | $7.92bn |
| Price vs our value range | Within our value range | — |
| Moat score | 60 (Moderate) | 41 (Weak) |
| Insider trades, 12 months | 0 buys, 4 sales | 0 buys, 2 sales |