COMP <GO>
BSY vs TSM // RETURN ON INVESTED CAPITAL (ROIC)
Bentley Systems Incorporated (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: BSY 9
— TSM 6
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: TSM
LAST: $40.90 (+3.15%) • MKT CAP: $11.98B
roic
12.40%
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
roic
14.90%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BSY VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BSY | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 81.50% | 62.00% | +19.50 | BSY | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | 12.40% | 14.90% | -2.50 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 34.7x | 14.9x | +19.80 | TSM | /valuation <GO> |
| Free Cash Flow Yield | 4.34% | 3.99% | +0.35 | BSY | /fcf-yield <GO> |
| Operating Margin | 24.10% | 21.10% | +3.00 | BSY | /operating-margins <GO> |
| Net Profit Margin | 18.50% | 16.40% | +2.10 | BSY | /net-margins <GO> |
| Revenue Growth (YoY) | 11.00% | -3.30% | +14.30 | BSY | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.71% | 0.00% | +0.71 | BSY | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.64 | 3.87 | -0.23 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | BSY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.80% | 8.30% | -0.50 | BSY | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 74.8 | 38.3 | +36.43 | BSY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.26 | 1.42 | -0.16 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 40.1x | 20.2x | +19.90 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $11.98B | $2.24T | -$2.23T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BSY REV | TSM REV | BSY GROSS % | TSM GROSS % | BSY FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.50B | — | 81.5% | — | $520.2M | — |
| FY 2024 | $1.35B | — | 80.9% | — | $421.2M | — |
| FY 2023 | $1.23B | — | 44.0% | — | $361.4M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BSY // BETA 1.26
TSM // BETA 1.42