cust.co / Compare / Bentley Systems vs PTC

Bentley Systems vs PTC - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Construction SaaS. Both at Public stage.

PTC leads by +3pp on latest NRR (112% vs 109%).

NRR over time

96%100%105%110%114% FY2018-Q4FY2021-Q3FY2023-Q2FY2024-Q2FY2024-Q4FY2025-Q3FY2026-Q1FY2026-Q2 NRR Bentley Systems PTC Bentley Systems - FY2018-Q4: 98% Bentley Systems - FY2020-Q4: 98% Bentley Systems - FY2021-Q2: 98% Bentley Systems - FY2021-Q3: 98% Bentley Systems - FY2021-Q4: 98% Bentley Systems - FY2022-Q2: 98% Bentley Systems - FY2023-Q2: 98% Bentley Systems - FY2023-Q4: 108% Bentley Systems - FY2024-Q1: 108% Bentley Systems - FY2024-Q2: 108% Bentley Systems - FY2024-Q3: 109% Bentley Systems - FY-2024: 110% Bentley Systems - FY2024-Q4: 110% Bentley Systems - FY2025-Q1: 110% Bentley Systems - FY2025-Q2: 109% Bentley Systems - FY2025-Q3: 109% Bentley Systems - FY-2025: 109% Bentley Systems - FY2025-Q4: 109% Bentley Systems - FY2026-Q1: 109% Bentley Systems - FY2026-Q2: 109% PTC - FY2023-Q4: 106% PTC - FY2024-Q4: 112%

PTC hit a higher all-time peak (112% in FY2024-Q4).

Stat-by-stat

Metric Bentley Systems PTC
Latest NRR 109% 112%
All-time peak NRR 110% 112%
All-time low NRR 98% 106%
QoQ change +0pp +6pp
YoY change +0pp -
3-year change +11pp -
Disclosures tracked 20 2

Customer cohorts

MetricBentley SystemsPTC
Total customers - 30,000
Over $100K ARR - -
Over $1M ARR 220 -
Top-10 concentration - -
Average ACV - -
US revenue mix 40.4% 46.8%

Commercial structure

MetricBentley SystemsPTC
Total RPO $284M $2.9B
Current RPO (12mo) $267M $1.6B
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 92.5% 95%
New customers added 600 -

Post-sales motion

MetricBentley SystemsPTC
CS team size - -
Customers per CSM - -
Pricing model hybrid subscription
Renewal cadence multi-year annual
CSM coverage model account-named account-named
Top customer exec Patrick Cozzi -

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