BSY vs JCI vs AYI Stock Comparison

Bentley Systems, Johnson Controls International and Acuity Inc. (De) Prices as of Nov 4, 2026 Peers: Industry group
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BSY Bentley Systems Inc
$43.64 +25.6% 1M -10.8% 1Y
Market cap
$13.17B
P/E
46.9x
Revenue (TTM)
$1.60B
Div. yield
0.64%
Construction Software Technology
2 wins
AYI Acuity Inc. (De)
$337.58 +10.5% 1M -6.5% 1Y
Market cap
$10.02B
P/E
19.3x
Revenue (TTM)
$4.64B
Div. yield
0.24%
Building Products Industrials
5 wins

Head to Head

12 decided of 12

Johnson Controls International leads on 5 of the 12 questions below (Johnson Controls International 5, Acuity Inc. (De) 5, Bentley Systems 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBSYJCIAYILeader
Larger companyMarket capitalisation $13.17B $85.11B $10.02B JCI
Cheaper on earningsLower P/E, profitable companies only 46.9x 23.9x 19.3x AYI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.1x 21.9x 16.9x AYI
Faster revenue growthRevenue growth, trailing twelve months +12.8% +6.8% +6.8% BSY
More profitableNet margin, trailing twelve months 18.1% 14.3% 11.4% BSY
Better return on capitalReturn on invested capital 12.3% 10.5% 15.4% AYI
Less leveragedLower net debt / EBITDA 2.4x 2.3x 0.1x AYI
Higher dividend yieldTrailing dividend yield 0.64% 1.14% 0.24% JCI
Better 1-year returnPrice return, last 12 months -10.8% +26.5% -6.5% JCI
Better 5-year returnAnnualised price return, 5 years -5.7%/yr +13.5%/yr +9.4%/yr JCI
Less volatileAnnualised volatility, 1 year 41.4% 33.0% 38.5% JCI
Higher overall scoreMean of the five percentile scores vs peers 48/100 47/100 82/100 AYI

Percentile Scorecard

BSYJCIAYI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBSYJCIAYI
Valuation 41 #53 of 89 18 #47 of 57 80 #12 of 57
Growth 56 #37 of 82 89 #7 of 54 85 #9 of 54
Profitability 88 #10 of 78 65 #19 of 53 75 #14 of 53
Financial Health 20 #76 of 95 26 #44 of 59 88 #8 of 59
Shareholder Returns 36 #35 of 54 37 #27 of 42 83 #8 of 42
Overall 48 47 82
  • BSY ranked among 98 companies in Vertical Software
  • JCI ranked among 59 companies in Construction Products
  • AYI ranked among 59 companies in Construction Products

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBSYJCIAYISPY
1 month +25.6%-10.4%+10.5% -1.0%
3 months +21.1%-8.5%-5.9% -0.4%
6 months +36.1%-1.8%+14.1% +4.5%
Year to date +14.3%+17.3%-6.2% +12.4%
1 year -10.8%+26.5%-6.5% +13.6%
3 years -11.6%+172.9%+97.9% +76.4%
3 years, per year -4.0%+39.8%+25.6% +20.8%
5 years -25.6%+88.3%+56.5% +63.7%
5 years, per year -5.7%+13.5%+9.4% +10.4%
10 years —+243.7%+49.2% +267.7%
10 years, per year —+13.1%+4.1% +13.9%

Risk

MeasureBSYJCIAYISPY
Volatility, 1Y 41.4%33.0%38.5% 12.8%
Downside volatility, 1Y 39.8%35.1%42.2% 12.7%
Beta vs S&P 500, 1Y 0.361.141.39 1.00
Return / volatility, 1Y -0.260.80-0.17 1.06
Max drawdown, 5Y -54.2%-43.1%-34.7% -25.4%
From 52-week high -10.8%-11.5%-10.4% -1.6%
52-week high $48.95$158.77$376.69 $779.14
52-week low $28.42$110.85$257.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBSYJCIAYI
P/E now vs peer median 46.9xmedian 42.1x 23.9xmedian 22.2x 19.3xmedian 22.2x
P/S now vs peer median 8.2xmedian 2.6x 3.4xmedian 1.7x 2.2xmedian 1.7x
EV/EBITDA now vs peer median 31.6xmedian 16.8x 25.0xmedian 13.9x 11.6xmedian 13.9x
P/FCF now vs peer median 26.4xmedian 21.0x 26.9xmedian 18.0x 13.4xmedian 18.0x
P/B now vs peer median 11.0xmedian 1.8x 6.3xmedian 2.8x 3.4xmedian 2.8x
PEG now vs peer median 1.92median 1.52 0.95median 1.06 1.16median 1.06

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBSYJCIAYI
Revenue $1.60B $25.00B $4.64B
Gross profit $1.31B $9.16B $2.35B
Operating income $377.88M $2.99B $713.70M
Net income $289.97M $3.58B $531.30M
Free cash flow $498.50M $3.17B $747.90M
R&D $324.84M – –
EPS (diluted) $0.91 $5.87 $17.06
Cash & equivalents $146.98M $641.00M $636.30M
Total debt $1.22B $9.48B $697.40M
Shares (diluted) 318.96M 610.00M 31.15M
Enterprise value $12.63B $82.88B $8.33B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBSYJCIAYI
P/E 46.9x 23.9x 19.3x
P/FCF 26.4x 26.9x 13.4x
P/Operating cash flow 25.2x 24.0x 12.1x
P/S 8.2x 3.4x 2.2x
P/B 11.0x 6.3x 3.4x
P/Tangible book 12.7x 8.5x 5.1x
EV/EBITDA 31.6x 25.0x 11.6x
EV/EBIT 37.7x 31.5x 14.1x
EV/Revenue 8.9x 3.8x 2.2x
EV/FCF 28.6x 29.7x 13.5x
EV/Operating cash flow 27.2x 26.5x 12.2x
PEG (3Y EPS CAGR) 1.92 0.95 1.16

Growth

14 metrics
MetricBSYJCIAYI
Revenue growth (1Y) 12.8% 6.8% 6.8%
Revenue CAGR (3Y) 11.2% 4.4% 5.5%
Gross profit growth (1Y) 13.8% 7.7% 13.1%
Gross profit CAGR (3Y) 12.9% 5.5% 11.1%
Operating income growth (1Y) 14.6% 14.1% 26.6%
Operating income CAGR (3Y) 20.6% 27.4% 14.7%
Net income growth (1Y) 14.0% 60.4% 34.0%
Net income CAGR (3Y) 22.7% 20.0% 15.4%
EPS growth (1Y) 19.0% 72.9% 36.1%
EPS CAGR (3Y) 24.4% 25.0% 16.6%
Operating cash flow growth (1Y) 16.7% 20.5% 37.3%
Operating cash flow CAGR (3Y) 13.0% 41.2% 12.6%
Free cash flow growth (1Y) 14.9% 29.8% 40.3%
Free cash flow CAGR (3Y) 13.7% 56.0% 13.5%

Profitability

14 metrics
MetricBSYJCIAYI
Gross margin 81.8% 36.7% 50.6%
EBITDA margin 28.1% 15.1% 18.7%
Operating margin 23.6% 12.0% 15.4%
Pretax margin 23.3% 10.9% 14.7%
Net margin 18.1% 14.3% 11.4%
FCF margin 31.1% 12.7% 16.1%
Operating cash flow margin 32.6% 14.2% 17.8%
Return on equity 23.9% 27.0% 18.2%
Return on assets 8.2% 9.5% 11.2%
Return on invested capital 12.3% 10.5% 15.4%
Return on capital employed 14.7% 11.0% 19.5%
Asset turnover 0.5x 0.6x 1.0x
Cash conversion (OCF / net income) 1.8x 1.0x 1.6x
Stock comp / revenue 4.9% 0.5% 1.1%

Financial Health

11 metrics
MetricBSYJCIAYI
Debt / assets 34.0% 24.4% 14.3%
Debt / equity 1.0x 0.7x 0.2x
Net debt / EBITDA 2.4x 2.3x 0.1x
Debt / FCF 2.4x 3.0x 0.9x
Liabilities / assets 66.5% 65.1% 39.0%
Equity / assets 33.5% 34.9% 61.0%
Interest coverage – – –
Current ratio 0.6x 1.0x 1.7x
Quick ratio 0.1x 0.9x 1.2x
Cash ratio 0.1x 0.1x 0.6x
Altman Z-score 3.96 – 6.17

Shareholder Returns

7 metrics
MetricBSYJCIAYI
Dividend yield 0.6% 1.1% 0.2%
Net buyback yield 1.4% 6.9% 2.8%
Shareholder yield 2.1% 8.0% 3.0%
Payout ratio (earnings) – 27.3% 4.5%
Payout ratio (FCF) – 30.8% 3.2%
Dividend growth (1Y) – -0.3% 15.5%
Dividend CAGR (3Y) – 0.2% 12.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBSYJCIAYI
Forward P/E 30.1xFY2026 21.9xFY2027 16.9xFY2027
EPS, next fiscal year $1.45FY2026 $6.41FY2027 $20.01FY2027
EPS growth, next FY +19.8%FY2026 +36.6%FY2027 +0.6%FY2027
EPS growth, the year after +3.4% +8.4% +21.7%
Revenue, next fiscal year $1.79BFY2026 $26.80BFY2026 $4.68BFY2027
Revenue growth, next FY +19.2%FY2026 +13.6%FY2026 +0.9%FY2027
Revenue growth, the year after +10.2% +6.3% +14.4%
BSY estimates →JCI estimates →AYI estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBSYJCIAYI
Held by institutions 50.2% 89.5% 99.2%
Institutions holding 398 1,600 634
Change in shares held, QoQ +3.8% -1.1% +4.1%
Institutions buying 195 792 331
Institutions selling 160 558 191
Buyers to sellers 1.22 1.42 1.73
BSY holders →JCI holders →AYI holders →

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BSYJCIAYI
BSY 1.00 -0.26 0.06
JCI -0.26 1.00 0.39
AYI 0.06 0.39 1.00

Add a Peer

Largest companies in the same industry
BSY · Construction Software
+ADSKAutodesk +ROPRoper Technologies +PTCPtc +TRMBTrimble +PCORProcore Technologies +BLDRBuilders FirstSource +TTANServiceTitan +CCCCCC Intelligent Solutions Holdings
Plot all 16 Construction Software stocks → Plot all 49 HVAC stocks → Plot all 79 Building Products stocks →

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BSY vs ADSKAutodesk BSY vs ROPRoper Technologies BSY vs PTCPtc BSY vs TRMBTrimble

Frequently Asked Questions

Which is bigger, BSY, JCI and AYI?

Johnson Controls International (JCI) is the largest by market capitalisation: Bentley Systems (BSY) $13.17B, Johnson Controls International (JCI) $85.11B, Acuity Inc. (De) (AYI) $10.02B.

Which stock is cheaper, BSY, JCI and AYI?

Acuity Inc. (De) (AYI) trades on the lowest price-to-earnings ratio (Bentley Systems (BSY) 46.9x, Johnson Controls International (JCI) 23.9x, Acuity Inc. (De) (AYI) 19.3x). On next year's consensus earnings, Acuity Inc. (De) (AYI) is cheapest (Bentley Systems (BSY) 30.1x, Johnson Controls International (JCI) 21.9x, Acuity Inc. (De) (AYI) 16.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Bentley Systems (BSY) grew revenue fastest over the trailing twelve months: Bentley Systems (BSY) +12.8%, Johnson Controls International (JCI) +6.8%, Acuity Inc. (De) (AYI) +6.8%.

Which company is more profitable?

Bentley Systems (BSY) has the highest net margin (Bentley Systems (BSY) 18.1%, Johnson Controls International (JCI) 14.3%, Acuity Inc. (De) (AYI) 11.4%). On return on invested capital, Acuity Inc. (De) (AYI) leads (Bentley Systems (BSY) 12.3%, Johnson Controls International (JCI) 10.5%, Acuity Inc. (De) (AYI) 15.4%).

Which stock has performed better?

Over the past year Johnson Controls International (JCI) returned the most: Bentley Systems (BSY) -10.8%, Johnson Controls International (JCI) +26.5%, Acuity Inc. (De) (AYI) -6.5%. Over five years, Johnson Controls International (JCI) compounded fastest (Bentley Systems (BSY) -5.7%/yr, Johnson Controls International (JCI) +13.5%/yr, Acuity Inc. (De) (AYI) +9.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Johnson Controls International (JCI) has the highest dividend yield: Bentley Systems (BSY) 0.64%, Johnson Controls International (JCI) 1.14%, Acuity Inc. (De) (AYI) 0.24%.

Which stock is riskier?

By one-year price volatility, Johnson Controls International (JCI) has been the steadiest (Bentley Systems (BSY) 41.4%, Johnson Controls International (JCI) 33.0%, Acuity Inc. (De) (AYI) 38.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BSY, JCI and AYI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Johnson Controls International (JCI) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.