VOL. XCIV, NO. 247
★ WIDE MOAT STOCKS COMPARISON ★
NO ADVICE
Sunday, January 11, 2026
Stock Comparison
Bentley Systems, Incorporated vs SAP SE
Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.
Bentley Systems, Incorporated
BSY · NASDAQ
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Full stock profile
Dive deeper into Bentley Systems, Incorporated's moat claims, evidence, and risks.
View BSY analysisSAP SE
SAP · XETRA
Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.
Comparison highlights
- Moat score gap: SAP SE leads (65 / 100 vs 64 / 100 for Bentley Systems, Incorporated).
- Segment focus: Bentley Systems, Incorporated has 4 segments; SAP SE has 2 segments (87.3% in Cloud and Software).
- Moat breadth: Bentley Systems, Incorporated has 7 moat types across 2 domains; SAP SE has 6 across 3.
Primary market context
Bentley Systems, Incorporated
Engineering Applications (Bentley Open)
Infrastructure engineering design and simulation software (CAD/BIM for civil, rail, water, plants, and facilities)
Global
Engineering and construction firms; public and private infrastructure owner-operators
Engineering authoring + analysis software vendor
SAP SE
Cloud and Software
Enterprise application software suites and cloud subscriptions (ERP-centric) plus platform services
Global
Large enterprises and upper mid-market
Software vendor (SaaS + on-prem support + platform)
87.3%
Side-by-side metrics
Moat coverage
Shared moat types
Bentley Systems, Incorporated strengths
SAP SE strengths
Segment mix
Bentley Systems, Incorporated segments
Full profile >Engineering Applications (Bentley Open)
Oligopoly
Geoprofessional Applications (Seequent)
Oligopoly
Bentley Infrastructure Cloud (ProjectWise, SYNCHRO, AssetWise)
Oligopoly
Digital Twin Platform & Asset Analytics (Cesium, iTwin, Asset Analytics)
Competitive
SAP SE segments
Full profile >Cloud and Software
Oligopoly
Services
Competitive
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This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.